Why Not Keep Working and Saving? Are You Stupid?

Why Not Keep Working and Saving? Are You Stupid?

I’m only 43 years old right now (Ok, fine – I’m pushing 44!).  But this is still prime time to continue on with my career.  If I were to keep working, I could build up an even bigger and more secure nest egg. So why don’t you do that?  Why did you leave your job and retire early?  Are you stupid or just lazy? Haha, talk about cutting to the chase! I actually love when others ask me questions about our plans because it gets the conversation going about financial independence. Personally, I don’t feel like everyone needs to retire early from their jobs.  If you enjoy what you do, more power to you.  But I do feel that financial

That Day I Sold My Coin Collection to J. Money…

That Day I Sold My Coin Collection to J. Money...

Another day where the personal finance community helps each other out.  This time it was with my very own coin collection. As we’re continuing to prepare for our big move to Panama later this summer, we’re cleaning house as much as we can.  Between selling, giving away/donating, and trashing all our stuff, we’ve been plenty busy. Eliminating the big stuff like furniture has been nice.  It’s been pretty quick to go on OfferUp and frees up tons of space.  We feel like we’re making good progress when that stuff goes out the door. But then, there’s the smaller stuff that’s a real pain in the @#$.  One of those examples is all my collectibles. I have comic books, Garbage Pail

8 Financial Tips I Wish I Knew When I Was in My 20’s

8 Financial Tips I Wish I Knew When I Was in My 20’s

My nephew recently started reading this blog and it got me thinking.  What would be valuable information for him as a reader?  What do I wish I knew when I was younger? He’s almost 20 years old and he just started a career in construction probably close to a couple of years ago.  At his age, I know I wasn’t very smart financially.  Don’t get me wrong – I thought I was, but looking back, I made some stupid decisions. So, like any old man, I almost feel obligated to pass along some of the knowledge I wish I knew back then to help him out.  And yeah, 43’s not that old, but I’m not getting any younger! Do you

My Gamble with $691k in Retirement Money

My Gamble with $691k in Retirement Money

Retirement money is definitely something you shouldn’t be gambling with.  But hey, it’s only your future on the line… what could go wrong? I admit it – I love gambling.  That’s not something you’d expect to hear from a blogger in the personal finance community, but it’s true. I’m not an avid gambler – I just enjoy some table games or video poker at a casino every now and again.  Sometimes I’ll even throw a little bit at a periodic game of Keno at the bar (worst odds ever!). Of course, I like it more when I’m winning, but I only play with money I’m prepared to lose. And please don’t take this as me being a casino regular with

The Drawdown on Investments – Our Game Plan

The Drawdown on Investments - Our Game Plan

After last week’s post on the breakdown of our net worth, I thought it might be a good follow-up to provide more detail on our drawdown plans… a part II, if you will. “Why?”, you might ask.* I realized that there aren’t a lot of folks in the trenches talking about this subject.  Many FIRE sites talk about the strategies of getting to the point of early retirement.  However, it seems like there aren’t too many that talk about actually drawing down on your investments. So, why not share more of our own plans to help spur some discussion?  Maybe this will help you come up with some ideas for your own strategy on drawing down your accounts.  Or perhaps you’ll

The Breakdown of Our Net Worth Savings & Investments

The Breakdown of Our Net Worth Savings & Investments

I’ve been considering providing a breakdown of our net worth for a while now.  I’ve held off for a couple reasons though: For some reason, this isn’t very common for many bloggers to do.  We seem to consider this to be sacred territory and almost taboo. I’ve been making a lot of changes and wanted to let the dust settle a little before talking about this. Well, I love breaking taboo – if you’d ask my friends, they’d tell you how I tend to say things that seem inappropriate, but are usually what everyone is thinking.  It might be some stirring the pot but it gets some good conversation going! When our net worth hit the $1 million mark back