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Comment by cwbriscoe | Hacker News Reader

I haven't got to 10m yet, but I saved 70-80% of my take home pay since ~2008 and I have enough to quit at any time and live the rest of my life without working. That is just by investing in the 3-fund portfolio and without the crazy SF salaries.

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No one knows you here. Give some real numbers. How much are you paying for housing? What’s your gross pay?

Numbers don't matter. If you can save 80% of your paycheck for 15-20 years and you invest it wisely, you are FI on the 4% rule.

So exactly how do you save 80% off of $175K and live off of $30K a year? Especially considering everything above your 401K max is post tax?

That’s only twice the minimum wage and even in Atlanta they are offering cashiers at McDonalds more than that.

Before Covid, I lived on about 25K a year since I had a paid off condo then. Now, I am renting and live on around 36K a year. I realize my situation doesn't work for everyone. Some people cannot fathom not buying a new phone and computer every year and a new car every 3 years.

Also, now, I am fully working from home so that helps with saving on gas and not eating out as much. I make my coffee every morning instead of Starbucks on the way to work and I make my own lunch and dinner 95% of the time.

We aren’t talking about buying a new phone. We are talking about buying a place to live and food to eat.

What is the average rent where you live for a one bedroom? What is the tech hiring seen like?

Do you have kids?

No kids, rent is $1800 a month for a 1 bedroom. I could rent the same for cheaper but I like this place. I'm in Washington State, Software Devs make decent money where I am but not SF wages. I make good money but nowhere near the top. I have an easy job, WFH and rarely work over 40 a week.

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