Escape the 9-5 Forever
Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required
by Kristy Shen and Bryce Leung
Personal Finance
TL;DR
This book ain't about getting rich quick; it's about getting financially free so you can peace out of the rat race. They break down how to save aggressively without living like a hermit, invest your cash so it actually grows (not just sits there like a lump), and figure out your 'fuck-off fund' number using smart math like the 4% rule. It's all about making your money work for you so you can retire early and live life on your own terms, no cap.
Action Items
Calculate your current annual spending, then multiply that by 25. That's your 'fuck-off fund' target. Now you know what you're aiming for, champ.
Next time you get paid, pretend you didn't get that raise. Automate the extra cash directly into your investment account before you even see it.
Open a brokerage account (if you haven't) and set up an automatic transfer to buy a broad market index fund (like VTSAX or SPY) every payday. Set it and forget it, boomer.
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Key Chapter
Chapter - Your 'Fuck-Off Fund' Number (aka The 4% Rule)
Alright, so imagine your money is like a super chill DJ, and the 4% rule is its sickest beat. This chapter basically tells you how to figure out exactly how much cash you need to stack so your investments can spin off enough passive income to cover your bills forever. It's not about having a gazillion dollars; it's about hitting that magic number where your money makes enough babies to feed itself, and you never have to work for a paycheck again. Think of it as your financial freedom GPS, guiding you straight to the 'no more Mondays' zone. It's less about being a millionaire and more about being financially un-fuck-with-able.
Key Methods and Approaches
Your Money's a Perpetual Motion Machine
(AKA: The 4% Rule)
Description:
Figure out how much cash you need to save so you can live off your investments forever without touching the principal.
Explanation:
Imagine your money is a golden goose. The 4% rule is like figuring out how many golden eggs you need the goose to lay each year to cover your rent, avocado toast, and Netflix. Once you have enough geese (investments) laying enough eggs (returns), you never have to work again. It's not about eating the goose; it's about living off its eggs.
Examples:
If you spend $40k a year, you need $1M invested. Simple math, fam.
Want to travel the world? Figure out that annual cost, multiply by 25, and that's your target.
Dreaming of a tiny house and chill life? Calculate your minimal expenses, then hit that number.
Today's Action:
Calculate your current annual spending, then multiply that by 25. That's your 'fuck-off fund' target. Now you know what you're aiming for, champ.
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