- There is a rule of thumb that you need 20-25x your annual expenses in networth. So if you spend $8k a month, you can retire at a net worth of just between 2 and 2.5 million.
- Whenever I refinanced I always round down to the nearest loan term. A lot of people refinance and start their 30 year mortgage clock over. My goal was to have no debt.
- Because I was saving towards a multiple of my monthly expenses I did some extra things to lower those expenses before quitting like getting solar so I don't have an electric bill and getting a $5k used electric car so eliminate fuel costs.
- If your net worth is in equities you can take ~$80k in capital gains tax free each year. This puts your $80k withdraw closer to $100k in an equivalent salary.