Quit Like A Millionaire Summary

Quit Like A Millionaire Summary Brief Summary

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

  1. Pursue high-paying careers first to fund your passions later.
  2. Avoid relying solely on your passion to generate income.
  3. Understand the true costs of home ownership and consider renting.
  4. Choose investing in stocks and bonds over buying a house.
  5. Build an investment portfolio that covers at least 25 times your annual spending.
  6. Account for sequence of returns risk with a diversified portfolio.
  7. Use cash cushions to cover expenses during market downturns.
  8. Consider geo-arbitrage by living in low-cost areas while earning in high-cost places.
  9. Focus efforts on earning your time back and experiencing life, not just accumulating wealth.
  10. Embrace a digital nomad lifestyle if it aligns with your life goals.

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