Should I Lock Myself Into Quitting My Job In 11 Months?

This is a continuation of my monthly series that records what’s happening in my final stretch to early retirement. If you’re interested in previous posts, they’re here.

The time has come: IT’S DECISION TIME. I need to decide if next month I will book my month long trip to New Zealand and Australia for October 2020. My Mom and I are working on her goal of experiencing palaces in the sky by using travel hacking to book the Etihad First Class Apartments for our flight from Down Under. Check it out: Continue reading “Should I Lock Myself Into Quitting My Job In 11 Months?”

My 2018 Financial Recap

Also known as every dollar I didn’t spend in 2018! One year ago I declared the following monetary goals for 2018:

  • Max my 401K ($18,500)
  • Max a Roth IRA ($5,500)
  • Overall invest $65,000
  • Decrease my spending officially to $18,360 ($18,000 + 2% inflation)

Continue reading “My 2018 Financial Recap”

My First 401(k) Match, An Updated Salary and Inching Closer to Early Retirement

Visiting the Oregon Coast for the first time on my 29th birthday. A great place to contemplate 401(k) matches!

It finally happened – 7 years out of college and I am finally getting my first 401k match! I’ve dreamed of this moment for so long (yes, I have weird dreams – deal with it). While working at all of my previous jobs, I never qualified for the 401(k) match (if they even had one). If they did have one, you were not eligible for it until you had been there 4 or so years, which is basically unheard of in ad agencies. Well played HR. Well played. Continue reading “My First 401(k) Match, An Updated Salary and Inching Closer to Early Retirement”

That Time I Laughed In A Financial Advisor’s Face

It was an accident, I swear! As I mentioned in my post detailing my work history in advertising, I had a mentor that I was introduced to through my cousin. Despite us originally meeting to discuss if I should try a new career after the hell that was my first job, she referred me to two other positions later in my career – both of which I was offered and accepted. In the first position I didn’t work directly with this mentor (let’s call her Grace). In the second I did. It was during this job that I had the fateful encounter…And how this happened is also strange and convoluted. Buckle up.

Continue reading “That Time I Laughed In A Financial Advisor’s Face”

My Early Retirement Strategy

It’s time to bring out my planning materials! *rubs hands together maniacally*

A reader requested that I post about my early retirement strategy. Thanks for the suggestion Palmetto Millennial!

My Situation

First I’m going to set the stage. Continue reading “My Early Retirement Strategy”

Q2 Dividends

It’s that time again: Dividend Season! I look forward to it like I imagine people look forward to Christmas, but this happens 4 times a year! Let’s see how we made out this quarter. I received $881.27, which is awesome. That’s 42% more than last year! Since I started investing in 2014 I’ve received $7,380.32 in dividends – that’s almost a full month of my current salary without having to work that’s just dropped into my lap. Insanity! Let’s see if we can top that next quarter (Spoiler: I think we can 😉 ).

Market Noise > Contributions

This graph was made by the lovely Four Pillar Freedom.

We’ve reached the threshold. My monthly contributions to my investments are almost completely obscured by the market noise. I now add 2% of my current net worth to my investments each month and recent daily fluctuations have been more than that: Down 2.5%, Up 2% etc. I think I’ve reached what a new favorite blogger of mine Four Pillar Freedom describes as the point when the market makes a bigger impact than your contributions. Continue reading “Market Noise > Contributions”

A Flat Market = No Problem

The end of Q1 2018 has me at about 0% market gains for the year (while the S&P 500 is down -1.22%). This inspired me to do a thought experiment. What if the highly improbable happened and the market remains stagnant at a 0% gain until I retire? How long would that add to my working career? My initial thought was several years since the average of 7% would add $17,850 to my current portfolio so my savings for the year would be made of approximately 20% gains and 80% savings. Continue reading “A Flat Market = No Problem”