am I the only one who sees a flaw in the math here? I mean I wasn't a math major in college, but i did take financial math, and think he's forgetting a key thing called compound interest.
I can't figure out his math, either. In his second example, if you put $4M in a bank account that gets 2%, and can still save $10K a year you'll have $7.6 mil in 30 years. If you can get 8% (which I think you can, all arguments to the contrary) you will have $41M. Maybe he just means once you get the cash, you quit your job, put the money under the mattress and spend it all?