this post was submitted on 22 Jan 2024
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I don't have to invest in your company dude. And assuming we're not talking about take home pay in general finance stuff is just ridiculous.
If you want to talk about 300k before taxes though then let's do that. Your take home will be around 182k in California, (more in other states). You can easily live off 70k, leaving 110k for early retirement savings. So it takes about 18 years instead of about 10 years with a 300k take home.
The biggest mistake people make is living larger instead of saving larger.
I agree on your last point. I still think though 70k is way too low an estimate, especially for California.
Rent for a two bedroom close to the coast is 36k. It just gets cheaper from there as you move away from downtown/coastal areas. That leaves you with 34k for food, utilities, healthcare, and car payment. There's about 5,000 left over for incidentals at that point. It's tight but it's certainly doable.