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Cashing In On the American Dream: How to Retire at 35.
05-23-2015, 10:25 AM
They are a bit old school. He had a traditional job working for a big company and quit to not work at all. It's not necessary to "retire" if you have a location independent business.
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Cashing In On the American Dream: How to Retire at 35.
12-28-2015, 02:35 PM
Bumping this thread. Has anyone actually used this Vanguard service that Mustache recommends?
On a related note, what's the basic amount that's worth investing? Say you had 5k, 10k sitting in the bank. Worthwhile?
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Cashing In On the American Dream: How to Retire at 35.
12-28-2015, 03:58 PM
Vanguard service? Do you mean a vanguard brokerage account? Yeah I keep most of my money with Vanguard.
Any amount is worth investing. If you might need it soon, do something more conservative (even a CD or bank account if you might need very soon). If you won't need for 10+ years, invest in equities.
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Cashing In On the American Dream: How to Retire at 35.
12-28-2015, 05:12 PM
Cool. Is there much risk/research involved? The main attraction for me is that it takes much of the research out of the process.
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Cashing In On the American Dream: How to Retire at 35.
12-29-2015, 07:15 AM
Quote: (12-28-2015 07:59 PM)Peregrine Wrote:
The second mistake is putting too much in, because you have to sell if you need the money. A lot of people got double whammied in 2008 because they had to sell at discount prices because they lost their jobs and needed the money.
Yup.
I still kick myself for not being liquid enough at the GFC to cash in on the £8k Gold Rolexs and £35k Ferrari 360s flooding the market in the aftermath. Cars and watches being a market I know well.
They were the only things the owners had that were liquid enough to see them through a problematic period.
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Cashing In On the American Dream: How to Retire at 35.
01-11-2016, 10:37 AM
Super easy man.
Either put your money into a target date retirement fund or out money into a few individual funds to save a bit on expenses. The individual funds you want are total stock market index, total international index, and tots bond index. If young you can ignore the bonds.
It's what I do with my money. Other than 401k, I put all of my retirement savings into my Vanguard account.
70% VTSAX (total stock fund)
30% VGTSX (total international stock)