A former Goldman Sachs banker who retired at the age of 34 with a net worth of $3 million says his family of four now needs an income of $230,000-a-year in order to live comfortably. Sam Dogen quit the rat race in 2012 to live on the west coast in pricey San Francisco and has managed to provide his family with everything they need, thanks to passive income garnered from stocks, bonds, and real estate.Although Dogen doesn't specifically state how much he had to put away in order to generate such impressive yearly returns, in a recent post to his he notes how he has now jeopardized his family's financial independence.
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