This month is an interesting milestone. 3 years ago my mother retired from 30+ years of full-time work. Work she hated. Work that kept her from spending time with me because of a long commute (that allowed my step-siblings to go to a school near their mother). Work that wasn’t very compatible with my own long commute to school downtown. Work that allowed her to retire early at 55. I can’t believe it’s been 3 years already. Continue reading “3 Years.”
Category: Early Retirement
Retiring “To” Something
I’ve heard it over and over again: on forums and countless blog posts that it’s important to not just retire “from” your job, but to retire “to” something: something productive that will fill the ‘hole’ working leaves. I’ve been thinking about this FIRE dogma a lot and I think we should decrease its “truth” status. I honestly don’t think this is the case for me or my Mom. Continue reading “Retiring “To” Something”
2017 State of the Union
This year I had more than just monetary goals. They were:
- Max my 401K ($18,000)
- Max a Roth IRA ($5,500)
- Overall invest $54,500 for a savings rate of 75%
- Have a net worth of $200,000
- Decrease my spending from $22,491.86 to $18,000
- Lose 28 lbs by eating low-carb/high-fat and have a normal BMI for the first time without starving myself
- Determine when I can retire based on my current salary and savings rate
5 Years and Changing Perspectives
My Mom has been going through old emails to paint a picture of all the places we’ve traveled together. During her investigation she stumbled across an absolutely hilarious email I sent her 5 years ago. It was a response to an email she sent me with a link to an article about the different ways to retire early. Let’s see what my response was 5 years ago: Continue reading “5 Years and Changing Perspectives”
Retirement Inevitability
[The Matrix has a quote for every occasion]
An article I read this morning made me realize something: early retirement is inevitable. I currently have almost a $200,000 net worth (so close!). I could stop saving now, not touch my money and let it grow. If I did that then based on historical averages I would have enough money to retire at 43 years old. That’s 12 years before my mom and 19 years before the earliest social security payout options without me adding another penny to my accounts. I could suddenly quintuple my lifestyle, live like that for the next 15 years and still retire earlier than I could have ever imagined. That’s INSANE! I might start thinking of all the money I invest from this moment as money that’s buying back my time between 32 and 43 years of age. I’m slowly rolling back the clock. I like that visual. Even if I do nothing I will get there. And fast. Let’s do this!
Tossing Early Retirement and Trading Money for Time
I received a bit of a shock last week. My Mom is applying to jobs. She’s been retired for 2 years and left corporate America at 55 after working 30 years in jobs she hated. I was more shocked to discover she’d been keeping this from me for a while. That was the saddest part. She thought I would yell at her. I didn’t. Continue reading “Tossing Early Retirement and Trading Money for Time”
More Reasons I Want To Retire
One of my favorite bloggers at ThinkSaveRetire.com retired in December. His wife just retired and they’re setting ‘sail’ in their Airstream to tour the country full time. He tweeted that he’s already starting to hate weekends because there are all these people at their campground when it was lovely and empty throughout the week. That got me thinking: that’s a whole other reason to retire. I’ve only ever gone places when everyone else is there. Spring break, Christmas break, Weekends. What would it be like to be able to live my entire life off-peak? To hike famous mountains with no one around on a Monday morning? That sounds absolutely amazing to me. Continue reading “More Reasons I Want To Retire”
Autopilot
WARNING: Prepare yourself for a seriously “first world problem” piece of whininess.
I’m bored 🙂 . The key to long term investing success is to set it and forget it: put your money in the market and let it ride. Since we are entering a new year I still had things to optimize: how much should I try to spend so I can save the maximum amount with my new salary? Would I get my bonus? If so, how would that increase my savings rate? How much of my budget should I allocate to vacations? Should I travel hack more of my flights? Sadly all of that has come to an end. I’ve solved them all and booked all my flights until March 2018. Now I seem to just be waiting for the end of each month so I can budget my money, move it into my investments and update my spreadsheets. This process sadly only takes a few minutes. Then I’m back to waiting. Continue reading “Autopilot”