Requires budgeting and is a bit of a standard of living lower than most people would prefer. Especially if they got kids.
Plus how you going to live in SV on $30,000 a year when rent alone is that much?
> 7% average returns
So requiring those 10 years are during a bull market.
There's a big difference between "work at a startup for a good salary living an average life for 10 years" and "live in a shoebox with 10 other guys, eat nothing but lentils and beans, and own no possessions for 10 years"
> being frugal ... 30k in annual expenses
Requires budgeting and is a bit of a standard of living lower than most people would prefer. Especially if they got kids.
Plus how you going to live in SV on $30,000 a year when rent alone is that much?
> 7% average returns
So requiring those 10 years are during a bull market.
There's a big difference between "work at a startup for a good salary living an average life for 10 years" and "live in a shoebox with 10 other guys, eat nothing but lentils and beans, and own no possessions for 10 years"