Comments on: No, You CAN’T retire rich at 30 if you sell your startup http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/ Tue, 23 Jan 2018 03:19:40 +0000 hourly 1 https://wordpress.org/?v=5.3.2 By: realityczech http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-683 Tue, 31 Aug 2010 19:50:43 +0000 http://www.tonywright.com/?p=274#comment-683 Studies by mendicant nuns and malicious rich people who want less competition for positional goods.

Speaking from personal experience $1.5M a year is comfortable but not serious money, so $200k in perpetuity is truly nothing.

You aren't factoring in running multiple properties (nice house in major metro, nice summer house near major metro, place in Florida/Caribbean…) or anything.

]]> By: realityczech http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-682 Tue, 31 Aug 2010 19:46:35 +0000 http://www.tonywright.com/?p=274#comment-682 No living on $120k is pretty basic. If you're smarter, better connected, and harder working than 99.9%+ of the population, what's odd about wanting to make more than 60th %ile income?

In mos societies 60th%ile income = starving to death

]]> By: JW http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-681 Fri, 27 Aug 2010 08:03:07 +0000 http://www.tonywright.com/?p=274#comment-681 The flaw with your argument is that after you own a house and a car, it is REALLY hard to spend $200k/year consistently. More like $60k/year when you are treading water in retirement mode…

]]> By: Agaelebe http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-680 Fri, 27 Aug 2010 02:35:13 +0000 http://www.tonywright.com/?p=274#comment-680 You`re simple investing your money in the wrong place. In Brasil you`ll have a return of 10%. So, the secret is to learn to be a good investor and not to put everything in the same basket. Part of this is know different kinds of investments, their possible returns and risks.

]]> By: Jeff Gross http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-679 Thu, 26 Aug 2010 00:58:10 +0000 http://www.tonywright.com/?p=274#comment-679 Depends where you are – In NYC 120K/yr is by no means high on the hog.

]]> By: Jeff Gross http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-678 Thu, 26 Aug 2010 00:56:15 +0000 http://www.tonywright.com/?p=274#comment-678 Actually I kind of need the trillions right now – is there a tweak for that? Well, ok, I can tighten my belt and make it billions.

]]> By: jmdelpinob http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-677 Thu, 26 Aug 2010 00:45:55 +0000 http://www.tonywright.com/?p=274#comment-677 do you have the source of that study? would make a great blog post by itself.

]]> By: Brian Sierakowski http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-676 Wed, 25 Aug 2010 22:42:29 +0000 http://www.tonywright.com/?p=274#comment-676 If your single and your car and house are paid off, for sure. However, if you're married and have children, I doubt that 20k is going to cut it.

I think we agree fundamentally, you can live a lot skinnier than 300k a year and be just fine.

]]> By: Pravi Debeljak http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-675 Wed, 25 Aug 2010 18:43:47 +0000 http://www.tonywright.com/?p=274#comment-675 that's so stupid.

]]> By: ReaderX http://tonywright.com/2010/08/23/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-674 Wed, 25 Aug 2010 10:43:22 +0000 http://www.tonywright.com/?p=274#comment-674 “No wife if going to settle for a POS $500k house in the Bay Area if she's eyeing a $4M balance.”

I would never settle for a wife who controlled my expenditures.

]]>