Reply to Is 'job-hopping' really that bad if I continue to receive promotions & raises?

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[quote=Anonymous][quote=Anonymous]Change jobs to increase salary. Companies will hire a new person into a position for more money than the people already there. This shows no appreciation for the people already in the job.

By changing jobs, I increased my income by tens of thousands. That helped my retirement accounts a lot. During recessions, I was laid off. After all that, I decided I’m basically a free agent.

Save as much as you can and you can have financial freedoms in 10-15 years. [/quote]

That’s a farce, as I’m assuming you are not properly calculating 3.2 percent inflation on average each year on your current spend levels nor assuming reasonable and sustainable market gains. If you save 15 years of salary, you can spend 60-70 percent of that after taxes. And then a portion Ian needed to sustain your expenses for this 15 years. Even if you could magically save 40% of the gross, you could only sustain your current living for no more than 15 years, without any surprise expenses, etc.

FIRE is a dangerous game and it’s called that because most will get burnt. If you don’t have at least $5M in invested assets, you can’t retire before age 40. It’s simple math and historical analysis.[/quote]

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