There’s an interesting mentality that I notice creeps up periodically. It’s the idea that some people think that being a millionaire makes you filthy rich with plenty of money to throw around. Folks who aren’t as entrenched in the personal finance world tend to think that if you’re a millionaire, you actually have $1 million ready to spend. In other words, if you’ve hit that mark, you must be sitting on bushels of cash just ready to be spent. This is probably a common way of thinking if you don’t fully understand how early retirement works. I know I thought the same thing before we continued to grow our finances. However, that’s really not true, particularly with those who are
I first met the face behind Physician on FIRE at FinCon17. Not only did he turn out to be a good guy, but he was giving out koozies for free… I love free swag! Physician on FIRE and I have a few things in common: Our blogs are both a handful of years old (mine started in 2015 and PoF’s in 2016) We’re both 43 – we’re aging like fine wines! We’ve both spent a little bit of time in Central America (PoF in Honduras and well, you probably already know about my trip!) We’re both funny guys (well, we both think we’re funny guys!). We both enjoy a good brew… I mean look at the photo on this page. By combining
Finding balance in life is tough. Between your regular job, chores, time with spouses or people you’re dating, and going out to play with friends and family, time is limited. The fact is that we all only have 24 hours per day… 168 hours each week. Then you throw a kid into the mix… ha! Good luck! It’s like a turbulent hurricane of confusion every day. And the frenzied mess doesn’t scale well either. With each additional child you have, it gets even more chaotic. So finding balance between everything in life is tough enough, but with kids, you’re almost out of luck until you quit your job or your kids grow up. At least, that’s what I thought. I
Who creates a headline to talk about the “freedom” to fail miserably? That’s depressing! This guy does – that’s who! Most of you likely read this blog for one of two reasons – you’re striving to reach financial independence or you’re already there. And the reasons you aim for that goal will vary… maybe you want to quit your job because you can’t stand your career anymore. Or maybe you just want financial security to give you more choices in life. Perhaps you want to cut your hours back so you can spend more time with your kids. Whatever your reason, financial independence is obviously a good answer to get the ball rolling. However, there’s another benefit financial freedom can
So, I’ve been wracking my brain trying to figure out what I wanted to talk about for my first post as a new retiree. I have all these things on my mind, but I’ve been struggling to figure out just the right topic. And that’s when it hit me… why not just talk about some of the random thoughts that have been floating around my head this week? Maybe some of what’s going on in this noggin of mine could be helpful for the next guy or gal planning an early retirement. One of those thoughts is that even though you may already know it, the transition from working a 9-5 full-time job to not working is impactful in your
Jason from the site The Wealth Hound also hosts the Everyday Money Show podcast. The first time I heard the show, I knew I wanted to be a guest. He’s a natural at talking to people and you’d think he’s been doing this for years. We had chatted a little bit over Twitter and email and we finally had the opportunity to meet at FinCon this past year. But believe it or not, we didn’t even have time to squeeze in a beer together while there… unbelievable! Fortunately, I got to be part of his podcast, the Everyday Money Show, in mid-December. This was kind of exciting because it was just a couple weeks before I was leaving my job for good.