Highest Rated Comments

Bran_Solo2512 karma

Have you ever thought about how much money you can save because you have different enjoyment of food? /r/financialindependence would have a blast figuring out the cheapest way to give you nutritionally complete meals that shave many years off how long it would take for you to retire.

Bran_Solo2378 karma

Please add a button to share to LinkedIn.

edit: holy shit they already support it under the more button.

edit2: for the love of god please tell us how many people use the linkedin sharing feature.

Bran_Solo1974 karma

This is a fantastic ama, thank you writing such thoughtful and detailed replies!

All my questions have been answered already, so all I have to say is thank you and hello.

Bran_Solo849 karma

I got curious and researched it for you. Some people have figured out how to feed themselves for about $20/month (see https://wiki.earlyretirementextreme.com/wiki/Food and http://earlyretirementextreme.com/cooking-for-6-days-in-30-minutes-for-less-than-4.html). Most people would go crazy trying to eat like this, but it might not make a difference for you.

The average American household spends $151/week on food meaning that if you followed the above guidance, you could spend $7008/year less than the average American. Assuming a retirement fund withdrawal rate of 4%, this would make your cost of retirement $175,200 lower than average.

edit: as has been pointed out, the study I linked refers to actually covers household food spending and not individual. The basics of calculating the impact of ongoing spending on retirement cost holds true, but adjust the numbers according to your own spending.

Bran_Solo434 karma

No, they believe that responsibility “does not hold water” so they’re going to dodge the hard questions and try to promote their blog instead.