Comments on: What is your number? http://earlyretirementextreme.com/2007/12/what-is-your-number.html Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity Fri, 21 Nov 2008 17:41:29 +0000 http://wordpress.org/?v=2.6.3 By: tom http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1567 tom Mon, 14 Jul 2008 03:09:39 +0000 http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1567 Forgot to add, I am currently at 20K euro (after deducting the 5K in side business 'equity'), so I currently have about 1 euro per day in dividend income. This makes me richer than probably a billion of humans on this earth!! It also covers about 100% of what I spend if except for suits, going out and splurges. My efforts are focused around keeping said 3 cost items as low as possible while keeping it tolerable from a social point of view. Forgot to add, I am currently at 20K euro (after deducting the 5K in side business ‘equity’), so I currently have about 1 euro per day in dividend income. This makes me richer than probably a billion of humans on this earth!! It also covers about 100% of what I spend if except for suits, going out and splurges. My efforts are focused around keeping said 3 cost items as low as possible while keeping it tolerable from a social point of view.

]]> By: tom http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1566 tom Mon, 14 Jul 2008 03:04:46 +0000 http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1566 My number is around 200,000 euro. At the 2% dividends from global market cap indexing this yields 10 euro per day, more than enough since I will be living with my parents for the time being (just graduated). I also have a company car. By living of 2% only, income stream will increase every year and I will gradually move out, and buy a car (if I quit). I will be at 200K within 50 months if all goes as planned. If I 'retire', I will become an entrepreneur. hat's my real dream, but I want to play it safe first and I have a great job actually. I am also launching a (fully outsourced) side business, and I truly believe I have a fair shot at doing a tremendous amount of good for this world (can't comment any further currently) WHILE earning $500K for myself, if all goes to business plan. I risk about 5500 euro in startup cost for this project. My number is around 200,000 euro. At the 2% dividends from global market cap indexing this yields 10 euro per day, more than enough since I will be living with my parents for the time being (just graduated). I also have a company car.

By living of 2% only, income stream will increase every year and I will gradually move out, and buy a car (if I quit). I will be at 200K within 50 months if all goes as planned.

If I ‘retire’, I will become an entrepreneur. hat’s my real dream, but I want to play it safe first and I have a great job actually. I am also launching a (fully outsourced) side business, and I truly believe I have a fair shot at doing a tremendous amount of good for this world (can’t comment any further currently) WHILE earning $500K for myself, if all goes to business plan. I risk about 5500 euro in startup cost for this project.

]]> By: rob http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1211 rob Fri, 23 May 2008 23:43:21 +0000 http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-1211 If you think I can predict my daily expenditures, you've obviousy never met my wife! :) If you think I can predict my daily expenditures, you’ve obviousy never met my wife! :)

]]> By: Steve Austin http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-737 Steve Austin Wed, 12 Mar 2008 19:04:54 +0000 http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-737 Target is 30x annual expenditures. In a pinch (expenses go up faster than planned or assets drop further than padded), 25x. Target is 30x annual expenditures. In a pinch (expenses go up faster than planned or assets drop further than padded), 25x.

]]> By: Adfecto http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-562 Adfecto Tue, 26 Feb 2008 21:45:07 +0000 http://earlyretirementextreme.com/2007/12/what-is-your-number.html#comment-562 $15,000,000 ;-) Of course it will take about 40 years to grow my money by that much, but even then it will be worth roughly $5,000,000 in 2007 dollars adjusted for inflation. A cool $5 mil should do the trick. $15,000,000 ;-)

Of course it will take about 40 years to grow my money by that much, but even then it will be worth roughly $5,000,000 in 2007 dollars adjusted for inflation. A cool $5 mil should do the trick.

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