Deacon Hayes

nonfiction; personal finance / early retirement
I skimmed through this--it has lots of examples to inspire more people to spend less and save more, and a little information about how to invest their savings and a little about how much you'll need to save before you can retire. I might suggest reading [b:Your Money or Your Life|5634236|Your Money or Your Life|Vicki Robin|https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1518472378l/5634236._SY75_.jpg|1509321] instead because in addition, it provides more info about supplemental income you might tap into in your senior years, and other ways you might plan for that (besides "end of life care" insurance).

According to the model used by this author (and others in the "FIRE" movement), you'll want to save 25x of your annual expenses, making sure that a significant portion provides dividends that you'll use for income, and also that you should plan for a 3.5% withdrawal rate per year (more conservative than the usual 4%). This model still seems rather simplistic to me (shouldn't we also consider how many years you'll live and be depending on this retirement nest egg?) so I suspect all the FIRE proponents don't want to scare average folks with lots of math. So read all of these with a grain of salt, and balance it with insight from more traditional, conservative sources too.… (altro)