Meet Madison DuPaix: married with two toddlers .. and RETIRED at 29 years of age!
How did she do it? Well, at age 16 DuPaix started by putting away $600 into her retirement account. She quickly turned to finance as her hobby of choice, investing in low-cost index funds along the way in college while most of her fellow students were taking on credit card and student loan debt. When she graduated, she took on a full time position and saved half of her take-home pay.
Now, Madison pulls in the same annual cash flow now as her old salary (after daycare, taxes, and retirement savings) by drawing down 2 percent of her savings each year. The DuPaixs has enough savings for her spouse to retire too, but he currently likes his full-time job. He also provides health insurance, which can be a huge cost for self employed individuals.
Read more about Madison's Personal Story and check out her informative and educational posts online at www.mydollarplan.com !
How did she do it? Well, at age 16 DuPaix started by putting away $600 into her retirement account. She quickly turned to finance as her hobby of choice, investing in low-cost index funds along the way in college while most of her fellow students were taking on credit card and student loan debt. When she graduated, she took on a full time position and saved half of her take-home pay.
Now, Madison pulls in the same annual cash flow now as her old salary (after daycare, taxes, and retirement savings) by drawing down 2 percent of her savings each year. The DuPaixs has enough savings for her spouse to retire too, but he currently likes his full-time job. He also provides health insurance, which can be a huge cost for self employed individuals.
Read more about Madison's Personal Story and check out her informative and educational posts online at www.mydollarplan.com !
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