Uh-Oh… Our Retirement Expenses Are Higher than Expected

Uh-Oh… Our Retirement Expenses Are Higher than Expected

Retirement expenses are a tough one to plan for in life. You can budget for what you think your expenses will be, but you really don’t know if they’ll be more or less.  The biggest reason is that your life will likely be dramatically different at the time. This is more probably even more on par the younger you are when you leave the workforce because you’re likely not going to be resting on your laurels.  Not only would you be trying your hand at all sorts of projects (some that cost money or transportation), but there’s a lot more time for changes to occur. And by changes, I mean that you have a longer amount of time for your

The What-Ifs of Moving to a Different Country

The What-Ifs of Moving to a Different Country

Recently, my friend Lisa from the Mad Money Monster blog wrote about the “what ifs” on moving to a different country.  It was appropriately titled The What Ifs of International Geoarbitrage And Early Retirement. There’s a lot of talk on the Internet, particularly in the personal finance community, about the idea of geoarbitrage.  That’s the strategy of moving to another location, domestic or abroad, to take advantage of the lower cost-of-living and move ahead financially or possibly retire early. It was a great post!  I love it because it raises a lot of questions that many people are thinking when they even consider geoarbitrage.  And she wasn’t trying to say whether or not moving to a different country is good

The Biggest Secret the Library Offers to Enrich Your Life

The Biggest Secret the Library Offers to Enrich Your Life

Oh, the times they are a-changin’.  I don’t think Bob Dylan was talking about the library in his early ’60s song, but boy oh boy, libraries are much different than they were when I was a kid. Of course, you have the obvious stuff like digital card catalogs and the ability to use the computers if you need Internet access.  Heck, I even used them over the past year during those unusual times I needed to print something (I haven’t owned a printer in probably 15 years). Today, I’m excited to talk about one of the biggest secrets the library offers.  It might not be a secret to everyone, but I had no idea about it!  It’s something that can

One of the Absolute Best Facets of Early Retirement

One of the Absolute Best Facets of Early Retirement

A lot of you have been following FIRE (financial independence, retire early) blogs as you continue down your own path toward financial freedom.  And the numbers to reach FI (financial independence) are important, but what about the early retirement side of things? Some of you will continue to work and just want FI to ensure a secure retirement.  If you love what you do, that’s the best scenario you can have.  Congratulations! But others of you want to get out of the workforce to gain more freedom.  You want the flexibility to have the choice of what you’ll do every day.  That could be anything from just spending more time with your kids all the way up to learning a

10 Reasons Not to Live in Panama

10 Reasons Not to Live in Panama

Life’s not all a bed of roses here in Boquete.  I thought today that I’d share some reasons not to live in Panama. So far, living here has been a wonderful experience for me and my family.  It definitely was an adjustment (and still is occasionally), but just being a part of a life that’s so different than we’re accustomed to is both interesting and amazing. A couple of weeks ago, I talked about The 7 Reasons I Love Living in Panama as an Expat.  Between the perfect temperature (at least for me!) in Boquete where we’re living, the mountain scenery, the cost of living, and more, we’ve been very happy. But there’s no perfect place and I thought I’d give

This Bad-@#$ Expenses Spreadsheet is My Gift to You

This Bad-@#$ Expenses Spreadsheet is My Gift to You

I’m super excited about a new expenses spreadsheet I’ve been working on that I think you’re gonna love. And this ain’t just any old expenses spreadsheet – it’s focused on your recurring expenses. If you’re like me, you’re familiar with those times when you make a big purchase and have buyer’s remorse shortly after.  It happens. But those are the easy cases – it’s a one-time purchase and it’s staring you right in the face. The tougher problems to solve are those random costs that occur on a periodic basis (every few weeks, monthly, quarterly, yearly, etc.) that are much harder to keep an eye on. We all have expenses or subscriptions that we signed up for and – meh,