It’s helpful for those who are in accumulation phase. It’ll give them a goal to work towards to: both controlling expense (the x) and saving (the multiplier).TomatoTomahto wrote: ↑Wed Apr 21, 2021 7:38 am Once again, I am amazed at the BH posters who can say that they are 15x, 33x, 25x, etc. Am I the only bozo on the bus who doesn't have a sufficiently clear idea of what x is to decide how many of them I have?
I can pretty well guess what our spend will be next year. I have some idea of the year after that and maybe one more year. What we will spend 10 years from now, or even if I will be alive, who knows?
I guess if one has an idea of what x is, and is convinced that it's accurate, one can then believe that a proportion between asset classes can be determined in some rational way. I will sit in the back with the bozos and stick to my plan: $3M+ in safe assets, the rest in equities, and figure out withdrawals as our life unfolds.
Once you cross the finish line, then you have the freedom to do anything you want and all the time in the world to do them.
We crossed 50x milestone. We still have a lot of human capital left, so we’re not putting 3M in safe assets yet.