Reaching financial independence in your 30s is no easy task. You’re still building your career, perhaps growing a family, and you haven’t had decades for your early investments to compound.
I managed to reach FI at 39 with a combination of a career that pays well, geographic arbitrage, and relatively frugal living as compared to my physician peers.Below, you’ll learn about five others who could afford to walk away from their careers prior to their 40th birthdays.
Kyle, 36, who lives in the midwest, hit a net worth of one million dollars at 36. Yet, even though he’s financially independent, he still works full-time and blogs about his financial journey at Inimitable Path.
“Saving money formed not only my emergency fund for peace of mind, but it also provided the basis of my investments. I typically can save about 67% of my salary. I have invested since the age of 15 and have been fortunate through the years that my investment gains account for about 75% of my current assets."
An anonymous ad industry-alum who blogs under the name Purple recently retired at 30 with a current net worth of $708,460. By residing in America’s low cost of living areas, she’s able to live without sacrificing or decreasing her standard of living on an annual budget of $15,886.
“Investing, then earning, then saving were the biggest drivers for me, in that order. At this point, my investments have made more money than I could have in my career."