![]() Quite accidentally, this group of coworkers has formed a nice control group for the study of Mustachianism. Some people in this situation are even living from paycheck to paycheck. In short, as we added that income to our existing savings, we would be ridiculously wealthy by this point.īut yet many of these coworkers, most of whom are older than me and were already working before my career, continued throughout my career, and are still doing it seven years and counting after my career, still somehow need to work, according to their own accounting. $2 million before tax, which would have gone straight to the bottom line and compounded since income from investments was already covering our expenses as of late 2005. Money Mustache had kept working, she would have earned close to that amount as well. The company’s generous benefits plan would have further saved me some out-of-pocket expenses, like the cash we paid to the hospital when our son was born.Īll in all, I would have earned at least $1 million since then. I would have earned an average of perhaps $110,000 per year in salary, as well as cashing in about $200,000 in stock option profits (I gave up quite a few in-the-money options upon departure, with strike prices set during the tech crash of the early 2000s). I imagined what would have happened if I had stayed at that company for all these years. To a standard office worker, early retirement is what happens if you win a lottery, get a huge inheritance, or have ground-floor stock options in a company that makes it big. But invariably, when you talk about early retirement with a person who gets by on a high middle-class income, they become baffled by how small things like riding a bike or understanding electricity consumption can make such a big difference. Money Mustache identity has become quite a fun little part of my life, I let some of them in on this secret of what I’ve been doing with my free time. But the most notable thing to me was that they all still had jobs. Many of them had moved on to jobs at other local companies. A few distinctive silver strands had sprouted from many of the heads and beards. Everybody seemed just like I remembered them. It was quite a reunion, as I hadn’t seen many of these gentlemen since September 2005 when I retired from my engineering job. Shouldn’t I concentrate on boosting my income?Ī few days ago, I had the opportunity to go out to lunch with a dozen of my old coworkers from the high-tech company. But nobody ever got rich by clipping coupons or skipping lattes. Sure, I’m interested in becoming rich and maybe even having the option of early retirement.
0 Comments
Leave a Reply. |