Quit Like A Millionaire guides readers on how Kristy Shen and Bryce Leung became millionaires by 31, left their jobs to travel, and pursue passions using smart investments and frugal living.
Main Lessons
- Pursue high-paying careers first to fund your passions later.
- Avoid relying solely on your passion to generate income.
- Understand the true costs of home ownership and consider renting.
- Choose investing in stocks and bonds over buying a house.
- Build an investment portfolio that covers at least 25 times your annual spending.
- Account for sequence of returns risk with a diversified portfolio.
- Use cash cushions to cover expenses during market downturns.
- Consider geo-arbitrage by living in low-cost areas while earning in high-cost places.
- Focus efforts on earning your time back and experiencing life, not just accumulating wealth.
- Embrace a digital nomad lifestyle if it aligns with your life goals.
