I was honored to be given a full page spread in the Financial Post (A section of the National Post newspaper.)
Here is the article. http://business.financialpost.com/2013/06/01/extreme-saving-setting-a-retirement-goal-of-age-35/
It was a lot of fun, discussing and writing back and forth with the Financial Post. It helped me put some things in perspective also. When it was all said and done it took a few months before the article went to print. The outcome was great.
This is the simple math I have been using to plan my financial independence.
Save 70% of whatever you make = 70(X)
Live off the remaining 30% = 30(X)
after 11 years without accumulating any return on your investment you would have 770(X)
If you can make 4% on your 770(X) that would give you 31(X).
Since you have a proven track record of living off 30(X) for the last 11 years, you are now retired.
Why don’t you look at your savings rate and try this math out.
Disclaimer: This is oversimplified on purpose. It doesn’t take into account increasing expenses or changes in earning. It doesn’t include inflation or investment returns. It is just supposed to make the simple point that it doesn’t matter how much you earn.
What matters is how much of what you earn is saved.
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