A man who quit his law job at 49 says if you want to retire early, your income is only part of it

A man who quit his law job at 49 says if you want to retire early, your income is only part of it

In his new book “ Retire Before Mom and Dad,” Rob Berger, a deputy editor at Forbes, says that income has much less to do with achieving financial independence than we give it credit for.

Berger, who founded the personal-finance site DoughRoller.net, retired at age 49 from his career as a lawyer. He had saved up (and invested) an amount equal to 25 years’ worth of his annual expenses — the magic number for reaching financial independence, he writes.

“Level 7 is the Ultimate Financial Freedom. It’s here that you can completely retire from work if you so choose,” Berger writes. “Or, if you’re like me, you can work on projects you love while still earning an income. The choice is yours.”

But Berger says a high salary doesn’t explain his ability to leave work earlier than the average person. The amount he needed to save was dependent on how much he spent each year, and he kept his expenses relatively low.

“We are conditioned to define financial success based on a fat paycheck. Yet

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Frank Vogel Is Prepared to Live Under the Microscope With the Lakers

Frank Vogel Is Prepared to Live Under the Microscope With the Lakers

LAS VEGAS — There’s a story Frank Vogel likes to tell. It was 2006, and Vogel was a year removed from being let go as part of Jim O’Brien’s staff in Philadelphia. He spent most of the ’05-’06 NBA season as a regional scout, bouncing around arenas in the Northeast, filing reports to the Lakers and Wizards.

He was a college video coordinator turned pro one, an NBA coach with two teams and four years on his resume.

Then, Rick Pitino called.

He had an opening on his staff, at Louisville.

Was Vogel interested?

“Rick had his lead assistant, Kevin Willard, take a job with the University of Delaware,” Vogel recalled to Sports Illustrated. “They offered him the job. Rick called me and wanted me to come and replace him—and I was set to do so. And I guess Delaware rescinded their offer once it was brought to the board of trustees and basically pulled out. And Kevin went back to Louisville. I did not go to Louisville.”

A year later, O’Brien landed the top job at Indiana.

Some three and a half years later, Vogel was the head coach, transforming the Pacers from a scuffling outsider to a playoff team, molding a young, talented roster into a hardened, two-time conference finalist. He spent two years in Orlando before landing in Los Angeles, taking on the NBA’s most high-profile position.

The lesson: In sports, timing can be everything.

Frank Vogel

This will be a fascinating season in Los Angeles. The Lakers have LeBron James, still one of the NBA’s most dominant players but not quite the most dominant player anymore. They have Anthony Davis, an All-NBA weapon who could be the NBA’s most dominant player. They have a collection of largely castoffs around them, a group frantically assembled in the second week of free agency, when Kawhi Leonard decided he preferred another locker room in the Staples Center.

And they have Vogel, the team’s third choice to run the show, who will have to monitor James’s minutes, develop chemistry with a new roster, all while having his job security questioned, weekly.

Sounds fun, right?

“The Lakers have always been on the forefront and anywhere LeBron has been, has been on the forefront,” Vogel said. “The best experience I’ve had is being in the conference finals against LeBron because that’s exactly what it was like then. Every word I said then was blasted all over the world, all over Twitter and SportsCenter.

“That’s going to be the case here with the Lakers. It’s not something that I’ve not been a part of, but it’s just part of this job. You know, I understand it. I don’t think there’s anything negative about it. I love

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