Anonymous wrote:I figured someone would eventually post this nonsense on here. Retiring on 25k a year of rental income at 30 for a family of 3 is not the smartest thing one can do. For most of us who read this forum, living in poverty and not being able to send their kid to college is not the preferred option to spend the rest of their lives. Spend, no pun intended.
Anonymous wrote:What happens when God forbid someone gets sick or has an accident?! Life can change in an instant and $25,000 per year income will seem like nothing when medical, legal, etc bills might arise. Sometimes the minimalist lifestyle can actually hold you back.
Anonymous wrote:8:54 PP - how did you amass $1.6M in savings? Any tips?
Anonymous wrote:I figured someone would eventually post this nonsense on here. Retiring on 25k a year of rental income at 30 for a family of 3 is not the smartest thing one can do. For most of us who read this forum, living in poverty and not being able to send their kid to college is not the preferred option to spend the rest of their lives. Spend, no pun intended.
Anonymous wrote:I saw the same articles last week and have been reading the archives on his blog. I'm loving the blog and it has been the kick in the pants I needed to cut back on spending. We had been thinking about buying a second car and this has convinced me why that would be a bad idea!
OP - are you reading his blog too?