Joining FB in Menlo Park in a few months. My goal is very early retirement so I’m cheap as fuck and I don’t want to spend a lot on rent. My only requirements are the ability to bike to work (within 5 miles or less, I hate driving) and a stand alone apartment, since I have a gf and she comes over a lot. I lived in many cities and very ghetto areas so I’m not scared of living in something less than optimal. Studio or 1bd are both fine. I don’t need a large apartment since I’m usually either at work, at the gym or outdoor on weekends. Can I find something for 2500 or is too low? TC: 450k Net worth: 1.4M Above numbers are to avoid obvious Blind questions. Again, don’t judge my frugality, my early retirement goal is more important than everything else, so I need to be able to stash away 250k+ a year in savings.
East Palo Alto is the ghetto you are looking for
😂
Yoe?
8
Impressive net worth with that yoe
I’m very frugal and I got a mini 800k long term capital gain windfall from an earlier startup. Thanks. I feel I could have done better but was stuck in H1B for a long time so I was just more recently able to take more risks. Few years of career growth down the toilet due to GC!
You could have done worse. My NW is 1/3rd yours, and going to be stuck in h1b hell for 3 more decades. Be happy with your accomplishments, grass is always greener elsewhere :)
RV at fb Parking lot?
That’s too much, I don’t want to be overly weirdo. I can afford an apartment, I just want the cheapest one I can get.
EPA is your best shot but not that close. Might be easier to increase your earnings than worry about trying to save 10k extra a year though tbh.
Knowing myself, if I make an additional 10k I will save every single penny without increasing my expenses. First financial freedom, then I will reevaluate and possibly expand expenses.
Aren't you already? 1.4m is 4,666 in income which covers your rent and I presume your other living expenses are dirt cheap. I admire the hustle and focus but you are already there, don't forget to live a little!
What’s your net worth goal for early retirement?
I’d like to get to 3-4M and then gtfo California. If I get slightly lucky with market returns or TC, I should be there in mid 30s, about 5 years from now.
What is the point of saving all to live in a shitty place?
I grew up dirt poor, like you cannot even imagine how poor. So what most people call shitty place for me is really comfortable and enough. And if I get to 3-4M by my mid 30s I’ll get out and retire forever in a Mediterranean country
Makes sense. If u don’t mind where are u from?
You can try to rent a shack in east palo alto but not sure if there are apartments there
i have a cardboard box for $600 a month
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You should be able to rent a studio in East PA or Menlo Park for around 2K. It used to be a ghetto, but has gentrified somewhat.
That’s awesome info. Thanks a lot.