Why one millionaire failed at early retirement

quote..
To stay on top of your wealth, Sam recommends signing up with Personal Capital’s free financial tools. With Personal Capital, you can track your cash flow, x-ray your investments for excessive fees, and make sure your retirement plans are on track.

It's is chain-linked back too the free section ,when i first read this i thought it was a fast buck comedy and a collection of character,s based on his customers and why they seek escape..

 

Steady on son..... $3m houses in the Druie are rare as hens teeth..... there is more demand than supply.

I will ask the Bout so of the Druie..... @mickyyyy what says youse? Where does one find a $3m plus house in the Druie.

 

- cant survive on $250k, in a fairly cheap US city
- "only" managed to retire at 34
- realised that kids cost money

sounds like a guy with his head so far up his backside

what next???? ferraris cant be driven with E10 Petrol!

 

lol
1. Retire at aged 34
2. Have first born at aged 40
....
4. Profit?

 

What sort of "investor" retires with a PPOR mortgage
(Lost me completely and forever when he refinanced his ppor )

 

Hmmm, maybe my data was oldddddddd

Edit: youre right!

Compare the cost of living in Melbourne vs San Francisco

But average income is double melb though!

 

No. Think outside the square.

Say 10 years ago you bought 15 houses in the Druitt for $3m . Today, thouse 15 houses are worth say $7m.

There lies the doubling of the investment.

OK OK there is CGT, legals, stamp duties etc etc and that's a fair call. But don't forget there would be over $1m in rental income to factor in as well.

 

What I got a few of them so what @datto when you coming over for a beer with @sash and I so we can race your commodore against my falcon on LPG!!!

 

Mount Druitt is KINGGGGGGGG!!!

 

Haven't you heard Living off the Equity , don't worry about paying off debt
it a failed proof plan

 

@sash there's an invite above.

Beer, hooning and the Druitt. What more is there in life?

 

While this dude might have "retired", I get the sense it was more of a forced resignation. Plus this guy is clearly deluded from reality.

Why I Failed At Early Retirement: A Love Story

"In 2012, before and after I left my day job, I applied to over 100 startup and tech jobs online in order to make sure there were no undiscovered opportunities. I was either rejected or didn’t hear back from all of them."

"In 2013, I applied to the Knight Fellowship program because I thought it would be an amazing opportunity to learn, network, and contribute to online media. Having a non-traditional background working in finance while owning a growing personal finance site would have added unique perspective to the classroom. Nope, I got rejected."

"In 2015, I applied to a couple incubator programs to see if I could leverage Financial Samurai to create a fintech company. After all, the platform was built, growing, and profitable. Both programs were within driving distance from my home as well. I got rejected by both as well."

I guess a blog has the same level of Tech as WeWork so we can't fault him for ambitions.

 

I’ll stick to my indexed 100% invest in property plan . Looking good at the moment . Shares , funds etc ? well I might put some of my XS funds in those.

see how things are going in two years .

cliff