Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
IMHO, the OP would need to save much more than 30-50% of future raises if he really wants to FI/RE. Why not strive for saving ALL (or maybe 90%) of future raises?

It would be hard to disagree, but I didn't want to sound greedy. However, potential life changers like wife and kids, maybe wanting/needing nicer wardrobe as you move up the corporate food chain. Or, to be consistant with the thread, maybe wanting an even nicer vacation. So spit it 50/50.

JLC
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.