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[quote=Anonymous][quote=Anonymous]

Also, keep in mind that MMM is really a much more loose version of ERE, which itself is just an application of YMOYL. The basic idea is to save 25x your income and enjoy the rest of life FI. However, if you believe you need 100k/yr, your number flies up to 2.5M. If you can be happy on 50k/yr, you only need 1.25M. If you can be happy with 25k, your number shrinks to 625k. Personally, I think we'd be just fine on 25k, but DW is used to spending much more, so we're probably shooting for 50k, although we've already reached our barebones level of 5k (property taxes, food, utilities).[/quote]

I read Your Money or Your Life and couldn't really get into it, although I did do the exercise at the beginning and was pleased to find my net worth:total lifetime earnings was around 50%.

However, I did do a spreadsheet of our annual expenses and that floored me a little bit. It's a good exercise vs a monthly budget. Cutting to "bare bones," I was only able to get it down to about $33,000. Our "normal" expenses right now are $58K, and that's not counting health insurance. Cutting $10K wasn't *too* hard (although not something I want to do while still working), but cutting that next $15K was challenging and would really require some lifestyle adjustments. DH and I have been pretty good about not spending anywhere close to what we earn, but it was an eye-opener to see how much lifestyle creep was still in there.

Most of our investments are sitting in tax-advantaged accounts, so I've started trying to understand the Roth ladder and how you can access it prior to 59.5. [/quote]

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