Weekend Roundup for May 19, 2008

by Kevin on May 19, 2008

PFBloggers:

  • Living Almost Large has a stockpile of non-perishables. Do you stockpile?
  • Girls Just Wanna Have Funds talks about gender equality.
  • Get Rich or Die Trying put up a post about his wedding (which was Saturday). They targeted to only use $2,000 for the wedding (not including engagement ring, but including wedding bands). That is very, very impressive. Unfortunately GRODT seems to be down right now — I can’t access the site — and if he is on his honeymoon it will be quite a bit before he and his new wife come back.
  • Our Fourpence Worth goes over the many uses for vinegar. This should come in use for us… we tried apple cider vinegar on our hands to get the puppy to stop biting us and she thought it was a new delicious treat to lick off of us!

Elsewhere:

{ 3 comments }

JB May 20, 2008 at 7:41 am

Thanks for the mention Kevin! My site must’ve been down just for a minute.

AJC @ 7million7years May 21, 2008 at 8:20 pm

Thanks for the mention; to clarify, it’s a binary decision:

1. Want to wait 20 years and try and retire on $1,000,000 savings (worth about $15k in today’s dollars, indexed for further inflation after you retire)? Then I agree with you.

2. Want to retire sooner/richer? Then you have no choice but to do what I suggest.

Of course, there is a third option: win the lottery or die young 😉

AJC @ 7million7years May 22, 2008 at 7:03 am

I should clarify 1.

$1 Mill. in 20 years generates a “safe withdrawal rate” of $30k p.a. which is only ‘worth’ $15k p.a. in today’s dollars (e.g. all else being equal, gas will be $7 a gallon; bread $5 – $10 a loaf, etc.).

3% – 4% inflation means that that value of your money roughly halves every 20 years (21 years @ 3% … 18 years @ 4%).

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