I’ll answer here too since I’m doing something similar. I’m a 25 year old software engineer and make about $140k/year before taxes. I live on about $35k, donate some money on top of that, and invest the rest.
1) I try to keep my large recurring monthly obligations low, but I spend pretty freely on smaller things. I live in a city but keep my rent cheap by living with 4 roommates. I don’t own a car—I bike, walk, and take public transit, and occasionally use a zip car. All together my housing and transportation costs come out to about $750/month. I spend plenty of money though at restaurants, gyms, and Amazon.
2) I already know that I enjoy living relatively frugally. I have everything I need and lots of the things I want. I don’t think I’d be any happier if I spent more money. I’m not sure I’d enjoy not working, but I figure it can’t hurt to have the freedom to stop whenever I want, or do “work” that doesn’t generate income. If I decide I really want a full-time job, I will probably choose to work and then donate all my income.
3) According to Mr Money Mustache I’m on track to retire at around 36 years old (11 years from now).
I’ll answer here too since I’m doing something similar. I’m a 25 year old software engineer and make about $140k/year before taxes. I live on about $35k, donate some money on top of that, and invest the rest.
1) I try to keep my large recurring monthly obligations low, but I spend pretty freely on smaller things. I live in a city but keep my rent cheap by living with 4 roommates. I don’t own a car—I bike, walk, and take public transit, and occasionally use a zip car. All together my housing and transportation costs come out to about $750/month. I spend plenty of money though at restaurants, gyms, and Amazon.
2) I already know that I enjoy living relatively frugally. I have everything I need and lots of the things I want. I don’t think I’d be any happier if I spent more money. I’m not sure I’d enjoy not working, but I figure it can’t hurt to have the freedom to stop whenever I want, or do “work” that doesn’t generate income. If I decide I really want a full-time job, I will probably choose to work and then donate all my income.
3) According to Mr Money Mustache I’m on track to retire at around 36 years old (11 years from now).