This would certainly be my long-term goal as well. But how do you plan on accomplishing this? Even 55 is a stretch for me right now. I am struggling just to pay off my student loans in 7-10 years (195k). If I want to retire early, kids is definitely not an option.To have enough money to be able to walk away at 45. As of now I am well on my way, but we'll see.
Yea, you definitely can't have kids unless your spouse is bringing in a hefty salary too. If you really want to you can pay off 195K in 5-6 years depending on the level of sacrifice you're willing to endure. A lot of my plan depends on the stock market doing decently, if the market can continue earning a real 6% or so I can make it. A paid off house with a million and a little more in the bank would be plenty of cushion for me. Also, I wouldn't stop working completely, I might just do something that pays a little but that I enjoy.This would certainly be my long-term goal as well. But how do you plan on accomplishing this? Even 55 is a stretch for me right now. I am struggling just to pay off my student loans in 7-10 years (195k). If I want to retire early, kids is definitely not an option.
The only way I see to retire early is to set up multiple streams of income. I am looking into real estate, and I am planning a side business. Just living on a pharmacists wage doesn't seem enough anymore unless you are picking up tons of extra shifts.
Don't forget morbid obesity, untenable stress levels, overuse of prescription medication to treat poor lifestyle choices, risky sexual behavior, poor family life, and abandoning the elderly in glorified medical prison wards! And we all want someone else to pay for it!Not really, the American way is to have their paycheck spent before they get it (ie high credit card debt, payday lenders, high house/car loans, etc.)
I'm looking to do the same, do you have a good resource/ calculator to find age?My long term goal is to fully max my FU fund so that I can finally execute it (will probably happen when I'm about 40 since I am now married). After that, the sky is the limit.
Hey you stole my lines!!1. Pay off mortgage
2. Milk my current job as long as I can because it has great pay : effort ratio
3. Become self-sufficient off my investment portfolio
4. GTFO of pharmacy!
BCPS --> Board certified pharmacotherapy specialist…you take a test to put more letters after your name.All these certifications.... What are these?