Thanks for commenting in my journal @okumurahata!okumurahata wrote: ↑Fri Jan 12, 2024 2:14 amNow, you would have a ~167 NW/LTM spending ratio in that emerging city. You mentioned you would retire if you reached ~50 NW/LTM. You’ve tripled that. When is “enough” truly enough? Do you believe that hitting your next target would finally be sufficient?
I see how that sounds, if i had trusted that the developing country I was born in, and that city in that developing country I was living in would be an ok place to live until I die, I would have retired now. The entire reason I made the move to relocate to London is that unfortunately, the economic and social developments there made me (and many others) anxious and a lot of well-educated people moved abroad from that country in the past 5 years or so.
If it was a trustable option to retire now to go back to that country&city and live until I die, I'd do it.
However, doing that now, and discovering that 10 years down the road that that place became unlive-able (due to economic collapse deepening, state institutions and healthcare facilities completely failing, etc) and at that point not having a plan-B would be very bad. So I am in London a few more years until I secure the passport, at the least.
And, in case I need to come back here after retirement in the above scenario, I'd need to have the stash large enough to support a retirement with "UK-level" expense structure (not a developing country level expense structure).
Hope I am making some sense?
