So in early 2020, before the pandemic began, I decided that I had to
The good news is that our two tenants in San Francisco still have their jobs and are paying rent on time. But with more layoffs expected, things could change at any second. Even with all the dangers and uncertainties of Covid-19, my wife and I still have to put on a brave face for our kids every day. It hasn't been easy.
Source: News Formal (newsformal.com)
MakeIt This is the funniest thing I’ve read all day.
MakeIt 42 years is poor fart baby material
MakeIt Awww poor lil guy
MakeIt 😢 boohoo
MakeIt ONLY...ONLY IF YOU SOLD LOW!
MakeIt
MakeIt Poor baby. Go back to work
MakeIt Paper investment, LOL. Should have had investment in precious metals. Not bit -dive-coin either.
MakeIt Must feel like he’s been cheated...because he was...biggest scam pulled on the American public
MakeIt There will lots of jobs when you decided to come back !
MakeIt Hold on. It will come back. That’s what I’ve been told all my life.
MakeIt Why write these. They are not relatable to almost anyone. Sheesh.
MakeIt BS. He had 3 million then enjoyed a 8yr bull market. So still up over the 8 years. Yes it went down 30% but already recovered 15 to 20%. So basically STFU cause millions more are struggling more then you!!!
MakeIt Yeah man. That’s how this shit works. I second guess retirement every day because I don’t have enough money.
MakeIt Hum I’m just here to read the comments Because I’m too lazy to read the article. I’d like to see the different perspectives On this article. Lol
MakeIt Oh the Samurai, same boat, no income but have to pay property tax on time.
MakeIt This article makes zero sense.
MakeIt HAHAHAHA. I don’t feel sorry for him. You’d think he would have reduced his risk, but he’s too dumb.
MakeIt Boo. Hoo.
MakeIt Risk management is a thing... not for him though
MakeIt Expenses went up because they had to hire a night doula for their newborn and neither of them work. Give me a break
MakeIt why in the f would you report this guys “problems” entitled prick lost some money.
MakeIt This terrible headline is an automatic no click. Be. Better.
MakeIt Cry me a river. Spending more in 3 months than many people make in 3 years is not suffering. If you're hiring someone to care for your kids *when you don't even work yourself* makes you a 1%er. Zero sympathy!!! Bad take . Totally ToneDeaf to average Americans suffering!
MakeIt This is the dumbest article I’ve ever seen. Who can even relate to this persons situation. Worthless.
MakeIt Retired too early; didn't pad his nest egg enuf.
MakeIt For one, it's not his real name. financialsamura
MakeIt Lost $60K w/30% decline, means he has 2 mil in equity. Said 20% in equity, means he has net worth of 10 mil My questions for someone w/10 mil net worth: Why mortgage on rental property? Why live in expensive San Francisco if you don’t work? You don’t work, why child in daycare?
MakeIt It’s 1929 all over again please don’t jump
MakeIt Retire at 42! You deserve to get punked! Go back to work for another 25 years!
MakeIt Retire on $3M in San Francisco? Even with unstated amounts of passive income, SF seems like one of the most expensive places to retire. Why do you need a baby doula if you're both retired? Also the market recovered a lot. Did they sell at the bottom?
MakeIt He was Planning on retiring with less than a $1mill?... Boy this is not the 80s & 90s... Get back to work
MakeIt Math doesn’t add up. 🤷♂️
MakeIt He can still live the rest of his life retired. Just make your kids join ROTC or fund themselves. Not your responsibility to pay for their colleges when they turn 18, anyway.
MakeIt Cry me a river.
MakeIt First off, every I banker I know considers 3mil one deal not retirement. Plus 30 percent in a conservative portfolio? Even with the snap back? This guys should have been making money off this volatility, especially if hes retired. I have so many questions,
MakeIt BooHoo?
MakeIt If the couples retirement was based on the market continuing to go up forever they weren't ready to retire. Downturns happen and every retiree should be prepared for them.
MakeIt Poor guy
MakeIt Just a horribly written click bait headline article. Cnbc has turned into The National Enquirer of Business News.
MakeIt Poor guy, we all feel so bad for him, retired at 34 and all. Here’s an idea, go get a job!
MakeIt Gee whillickers. That's a damn shame. I've lost 10 lbs. Can't afford raised prices and hoarding has emptied shelves. In isolation for 2 months now. Vulnerable disability. But hey, yours is the tragedy.
MakeIt start a business called dude who fishes. a tour guide for those who need to catch their own fish to feed their families in the time of a pandemic
MakeIt If your 42, 600k over your life span isn’t much. Maybe you retired to early? Maybe your investment strategy was also off? What about risk management in your portfolio? Most people can’t retire at 62....not much sympathy from most Americans....buck it up!
MakeIt Rekt
MakeIt lol
MakeIt Nasdaq just had a V-shaped recovery in just 5 weeks and this guy who supposedly was an investment banker is losing money? No worries, just go on margins and buy at all time high now and lose everything when the market crashes this month.
MakeIt Cry me a river....
MakeIt Impossible unless you yourself did something stupid lol. Even with $3M invested at the all time high in February, you wouldn't be down $600k now. MSM with fake news as usual lol
MakeIt Heartbreaking!!!! The true victim of this deadly pandemic!
MakeIt It’s so sad to have to rethink your whole game plan. I also had a goal to retire at 45 ...however circumstances happened ..to change that game plan. Refocus is the key to keep going.
MakeIt Hey, Pigs get slaughtered. Well maybe euthanized today.
MakeIt I could not care less about people like this. Why do you desperately try to scrounge them up for stories? No one relates to them. They hired a night nurse to take care of their kid when neither parent works. These people are just pathetic.
MakeIt QuotedReplies
MakeIt What a short-sighted story. You only have a net worth of $2.4M. What a tragedy! Stop these kinds of stories of people who obviously benefitted from the market after the financial crisis without moving a finger.
MakeIt I wonder if this person realizes the reality of the picture he’s painted. its really, REALLY, hard to conjure up any sympathy. “I HAD to hire a night doula.” “My income properties are losing money.” “My portfolio tanked.” “I have to work now.” Boo, fucking, hooo . . . 🙄
MakeIt
MakeIt Awww are u ok?
MakeIt
MakeIt 42
MakeIt One of MOST RIDICULOUS articles I’ve ever read. Net worth 2-3 million - “retired at 42” - is all I needed to read (so, the guy can’t do math but we need his story 🤔). Add “dope” to his new title of “re-employed” 🤣🤣
MakeIt This is Sam of Financial Samurai. Believe me, he’ll be fine. 1. What % of portfolio is $600k for him? If I had to guess it’ll be under 10%. 2. With the rebound already reclaiming 60% of the losses it ain’t $600k anymore.
MakeIt Sounds like a real pussy with no understanding of how to invest.
MakeIt Not really something people will relate to nowadays. Todays society hates anyone who has any success never mind early retirement.
MakeIt The market will recover.
MakeIt Story is fake. He said he only had 20% in stocks but lost $600k on 3 million. Impossible.
MakeIt It was fake to begin with. The 'market' is a bubble created by the Fed. Don't rely on it for anything.
MakeIt I've read this type of story about some other FIRE retirees. It will be interesting to see how this economy recovers as compared to 2008. Public schools with their unfunded teachers' pensions and assumptions of 8% investment gains better prepare for budget cuts. LOL
MakeIt “It’s never been a more stressful time to be parents” Dude is 42, still has at least $2.4 mil. Cut me a break. Grow up in th 70’s and watch how hard ur parents worked just to put food on the table and get back to me. Clueless
MakeIt Let’s see - they are retired and pay $1,500 for child care? Paid tens of thousands for a midwife? Have multiple rental properties? Seven figures in cash and liquid instruments? I can assure you, no one cares to hear this family whining.
MakeIt I'm in the same boat as this guy, but twitter is the LAST place we should be looking for sympathy (whether or not we deserve any is a separate issue). That said, the story is actually from CNBC. Buck up buttercup!! BringItOn HatersGonnaHate
MakeIt You’re lucky to only have to be “second guessing”
MakeIt Here's his website.
MakeIt
MakeIt Ouch
MakeIt Let's assume for the moment you still have the bulk of the 3 mill less 600K. With that much money, you should have picked up some bargains when the market was low. Since you are so young, you should have a greater fortune in less than 5 years.
MakeIt LOL, too many count their chickens before they're hatched. Come on, you're 42 years Young, Wake Up!!! BOO HOO..... I started a New Business at the age of 59 and today just started another New Construction business at 63. I also give 24/7 care to my father and disabled brother.
MakeIt well, shyt happens!
MakeIt He should be ashamed of himself to retire at 42
MakeIt Should've bought bitcoin
MakeIt Gambling is a VICE.
MakeIt Wow!
MakeIt Get ready to lose some more because the stock market will get hit even harder again. Retiring early is just stupid!
MakeIt But you are still alive right? You can recover it back with hard work.
MakeIt Im a “millennial” and i fucking hate millennials 🙄🙄🙄
MakeIt I wish you and your family the best. You seem financially wise so I’ll spare the advice... POV: This article might be the equivalent of complaining about not being able to drive your S-Class Mercedes? Maybe just how I read it.
MakeIt CNBC NEWS. NEVER RETIRE. KEEP BUSY and Be Careful and HAPPY. ALWAYS PRAY. Sincerely SHELLIE GARY, Love. Please Pray.
MakeIt This reads like something from The Onion.
MakeIt Poor bastard
MakeIt Lol
MakeIt This is just a really dumb piece. Could you please do some real reporting?
MakeIt USD10m net worth is the figure for early retirement
MakeIt
MakeIt That’s a bad retirement plan if you have made it that sensitive to market moves. Or this guy has 10 million in the bank and just took a 6% hit. Either way, dumb article.
MakeIt I'm a 60 year old Vet living on $966 SSA Social security a month. Just check my checking account. April 30th 2020 no Stimulus Check.
MakeIt Doesn’t make much sense. So much money and still whining, or it’s just shallow story...
MakeIt Thoughts and prayers
MakeIt I’m so sorry for u NOT
MakeIt Lol we don’t feel bad
MakeIt Buy Bitcoin
MakeIt How the hell did he lose 600,000? Even if he held stocks all the way when s&p was 3400 he is only slightly down. Or even breakeven. Provided he didnt buy into airline stocks..... Stop lying through your nose..... the fed even supported corporate junk bonds....how can u lose..
MakeIt You didn’t have a hint it was coming when they closed off Shanghai? 😝 “A fool and his money never should have gotten together in the first place.”- Gordon Gecko
MakeIt Well then go back to work and STFU.
MakeIt Unless he sold at the lows or made some really bad investments the stock market as measured by the S&P500 is only down 12%.
MakeIt WHO CARES!!
MakeIt Why does a retired mom need full time daycare.
MakeIt Awww poor guy
MakeIt That’s it?
MakeIt S&p500 is less then 12% off from all time hight
MakeIt Good. I guess you gotta work just as hard as the rest of us now. Leech.
MakeIt On early retirees: how is it actually possible that you can’t even find part time work (let’s say 20 hours a week) that produces some level of economic benefit to someone and that you find somewhat enjoyable? Even if you crocheted all day, could you at least sell it?
MakeIt Must belong to WSB
MakeIt Gosh I feel so much better i only lost 1200 dollars
MakeIt Something not adding up here. Or a really bad investor? Can't blame everything on the virus
MakeIt How did he lose it?
MakeIt If you just lost 600k at 42 and still are second guessing early retirement I think you’re fine my man
MakeIt oh well
MakeIt POPULATION EXPLODES: Screaming Fauci ☻✔ Endangered Countless Lives,’ and is Guilty of ‘Historic Treason.’
MakeIt
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