39-year-old retired millionaire: 'Budgets don't work'—do this instead
- Thread starter goatmane
- Start date
Its useless advice
"How do I retire early?"
"Earn more money."
"Wow! That's all I have to do? Make more money? Why didn't I think of that?"
want to retire early?...here's 3 easy steps:
1) work yourself to death
2) open a savings account
3) don't touch the money in the account
1) work yourself to death
2) open a savings account
3) don't touch the money in the account
TLR has been on one in the past week as it concerns personal finances. People really waking up to this stuff 
Budgeting get a very very bad rep around here. Budgeting really should be seen as financial planning. If mutli-billion dollar corporations budget every year and revise their budgets monthly, why shouldn't everyone else do it?
Just look at a budget as a plan of what you want to do with your money. Put in everything you spend your money on. Rent, utilities, drinks, weed, tricking etc. Every thing has got to be accounted for.
Also, tracking your spending in an Excel sheet is prime. I've been doing this since junior year in college. Each month I tally up my expenses and break it out by category e.g. Eating out, Rent, Transportation, etc.
Just good information to have all around.
Budgeting get a very very bad rep around here. Budgeting really should be seen as financial planning. If mutli-billion dollar corporations budget every year and revise their budgets monthly, why shouldn't everyone else do it?
Just look at a budget as a plan of what you want to do with your money. Put in everything you spend your money on. Rent, utilities, drinks, weed, tricking etc. Every thing has got to be accounted for.
Also, tracking your spending in an Excel sheet is prime. I've been doing this since junior year in college. Each month I tally up my expenses and break it out by category e.g. Eating out, Rent, Transportation, etc.
Just good information to have all around.
Cabbage Patch
The Media scene in V is for Vendetta is the clue
Pretty much. Inherited house, inherited estate assets/funds, old boys network.Storyline plot twist,
he inherited the money from his old folk
I don't trust these cac I got rich stories. Cacs have old money passed to them through slavery & colonization. None of them started from the bottom
Black people have to start from the bottom
Cabbage Patch
The Media scene in V is for Vendetta is the clue
He's probably a slumlord.Absolutely not.
Not even close: a million is more doable if you're retiring at 65 or 70 and have a low COL, but at 39, not a chance in Hell.
I get tired of these vague, usless early retirement articles from mainstream news sources.
Almost none of the advice is of use, and living on $40k a year hoping that my investments don't get wiped by stock market fluctuations is not how I want to live life.
I need to clear my credit card debt first. If I used that money to invest instead of paying these cacs then I’d be in great shape. 
Can you cite and quote the part in the article where he mentions it, please?
I need to clear my credit card debt first. If I used that money to invest instead of paying these cacs then I’d be in great shape.
Get out of debt brehs
James Gordon
Superstar
I've thought of trying to track where I spend shyt but I use cash often. If somebody knows of an app or something that does it, let me know cuz I'm too lazy to deal with my bank statements like THAT. I gotta track on my mixtape titled "Cash flow" about this very issue tho. 'Brothers big about the cash flow but when it's a drain no one knows where the cash flowed"
Y'all download that thang
Clever advertisin
J.E.T.S
Lookahere mayne...
This is great information. Now all I have to get is a super high paying job! 
Storyline plot twist,
he inherited the money from his old folk
I don't trust these cac I got rich stories. Cacs have old money passed to them through slavery & colonization. None of them started from the bottom
Black people have to start from the bottom
Goat post
Cheech&Chong
rip chinx
Ya and in 10 years when his investments are all belly up he'll be looking for a job.
This is from his website regarding his timeline
Timeline:
1979: born in Illinois
1989: became a shareholder of Wrigley stock
1994: started working as a dishwasher
1997: began college at tiny Millikin University, as a Finance major
1999: decided to major in Management Information Systems
2000: started a business developing websites for small businesses
2001: graduated college, moved to Madison, Wisconsin to work at SecurePipe (now Trustwave), started investing in index funds
2002: created the cybersecurity site packetfu.org, publishing articles and research papers
2003: quit my job, and started working at Alliant Energy
2004: became certified as a perimeter and intrusion analyst
2006: started investing in individual stocks
2010: decided to become financially independent by aggressively saving and investing
2012: became a certified Lean Six Sigma Green Belt, created chrisreining.com
2015: promoted to Business/Enterprise Architect; profiled in The New York Times
2016: quit corporate America
2017 to present: started living off investments, and began writing more
Timeline:
1979: born in Illinois
1989: became a shareholder of Wrigley stock
1994: started working as a dishwasher
1997: began college at tiny Millikin University, as a Finance major
1999: decided to major in Management Information Systems
2000: started a business developing websites for small businesses
2001: graduated college, moved to Madison, Wisconsin to work at SecurePipe (now Trustwave), started investing in index funds
2002: created the cybersecurity site packetfu.org, publishing articles and research papers
2003: quit my job, and started working at Alliant Energy
2004: became certified as a perimeter and intrusion analyst
2006: started investing in individual stocks
2010: decided to become financially independent by aggressively saving and investing
2012: became a certified Lean Six Sigma Green Belt, created chrisreining.com
2015: promoted to Business/Enterprise Architect; profiled in The New York Times
2016: quit corporate America
2017 to present: started living off investments, and began writing more