Comments on: No, You CAN’T retire rich at 30 if you sell your startup http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/ Tue, 28 Jan 2014 17:08:00 +0000 hourly 1 http://wordpress.org/?v=3.9.11 By: realityczech http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-702 Tue, 31 Aug 2010 19:50:43 +0000 http://www.tonywright.com/?p=274#comment-702 Studies by mendicant nuns and malicious rich people who want less competition for positional goods.

Speaking from personal experience $1.5M a year is comfortable but not serious money, so $200k in perpetuity is truly nothing.

You aren't factoring in running multiple properties (nice house in major metro, nice summer house near major metro, place in Florida/Caribbean…) or anything.

]]> By: realityczech http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-701 Tue, 31 Aug 2010 19:46:35 +0000 http://www.tonywright.com/?p=274#comment-701 No living on $120k is pretty basic. If you're smarter, better connected, and harder working than 99.9%+ of the population, what's odd about wanting to make more than 60th %ile income?

In mos societies 60th%ile income = starving to death

]]> By: JW http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-700 Fri, 27 Aug 2010 08:03:07 +0000 http://www.tonywright.com/?p=274#comment-700 The flaw with your argument is that after you own a house and a car, it is REALLY hard to spend $200k/year consistently. More like $60k/year when you are treading water in retirement mode…

]]> By: Agaelebe http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-699 Fri, 27 Aug 2010 02:35:13 +0000 http://www.tonywright.com/?p=274#comment-699 You`re simple investing your money in the wrong place. In Brasil you`ll have a return of 10%. So, the secret is to learn to be a good investor and not to put everything in the same basket. Part of this is know different kinds of investments, their possible returns and risks.

]]> By: Jeff Gross http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-698 Thu, 26 Aug 2010 00:58:10 +0000 http://www.tonywright.com/?p=274#comment-698 Depends where you are – In NYC 120K/yr is by no means high on the hog.

]]> By: Jeff Gross http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-697 Thu, 26 Aug 2010 00:56:15 +0000 http://www.tonywright.com/?p=274#comment-697 Actually I kind of need the trillions right now – is there a tweak for that? Well, ok, I can tighten my belt and make it billions.

]]> By: jmdelpinob http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-696 Thu, 26 Aug 2010 00:45:55 +0000 http://www.tonywright.com/?p=274#comment-696 do you have the source of that study? would make a great blog post by itself.

]]> By: Brian Sierakowski http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-695 Wed, 25 Aug 2010 22:42:29 +0000 http://www.tonywright.com/?p=274#comment-695 If your single and your car and house are paid off, for sure. However, if you're married and have children, I doubt that 20k is going to cut it.

I think we agree fundamentally, you can live a lot skinnier than 300k a year and be just fine.

]]> By: Pravi Debeljak http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-694 Wed, 25 Aug 2010 18:43:47 +0000 http://www.tonywright.com/?p=274#comment-694 that's so stupid.

]]> By: ReaderX http://www.tonywright.com/2010/no-you-cant-retire-rich-at-30-if-you-sell-your-startup/#comment-693 Wed, 25 Aug 2010 10:43:22 +0000 http://www.tonywright.com/?p=274#comment-693 “No wife if going to settle for a POS $500k house in the Bay Area if she's eyeing a $4M balance.”

I would never settle for a wife who controlled my expenditures.

]]>