Retire Early and Then Start a Company

Great idea here – retire early and then start a company.

David Cummings on Startups

With the popular conversation about making lifestyle adjustments to be an entrepreneur, there’s another, more aggressive option: retire early and then start a company. The Washington Post recently profiled Mr. Money Mustache, a man in Colorado that retired at age 30 and now writes a popular blog on happiness and retiring early with a modest lifestyle. If you haven’t read about his approach, start with Getting Rich: From Zero to Hero in One Blog Post.

So, the idea is to reduce lifestyle expenses as much as possible combined with saving enough money such that you can live solely off investments forever. For many people, it’s somewhere in the neighborhood of $20,000/year in expenses, and thus $500,000 in investments (assuming you live off 4% of the investments per year). In places like Atlanta, this is readily doable, even with a small family, by having an extremely modest lifestyle…

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