Comment by jacquesm
9 years ago
It depends on how you define retired. Most people define being retired as living a life without obligations required to bring home the bacon and by that definition MMM is now retired (at his expense levels), but when he made the claim at first I felt he was overselling it. But the blog ads bring in much more than he is spending + passive investments ditto so if he would stop working / bringing in other money besides those streams he would be able to do this forever.
>when he made the claim at first I felt he was overselling it.
In what way? His passive investments were bringing in far more than his spending, so in what sense was he "overselling" it?
He had to go on the 'carpentour' to not eat into his savings.
Retirement means not having to work, period.
Where did you get that from? There wasn't any market crash when he stopped working, therefore his passive income would have been far in excess of his spending.
Where did you hear he had to work?