Money. We all know its importance or you wouldn’t be reading this post. Whether you like it or not, it’s what the world runs on. You could opt out of playing the game and become a hobo, but there are very few of us that can live happily ever after in that position. You can’t let money rule your life, but it’s important to understand its role. Once you can control your capital instead of it controlling you, you’re one step closer to freedom. The old adage that “money can’t buy happiness” is only partially true. It can’t directly buy you a life of bliss, but it can buy you freedom – and that freedom can give you the opportunity
Hey, regular readers – just thought I’d drop a quick note to let you know about a guest post that I recently did on getting the nerve to retire early. John at ESI Money reached out to me recently to let me know that a number of his readers had a concern. The problem they were having is that they were close to early retirement but have been unable to pull the trigger. Since he knew that I’m close to actually leaving my job for good in just a few months (woo-hoo!), he thought I’d be the right guy to write a post on the subject. Sounded like a great idea and a lot of fun, so I made it
Early retirement planning. You’d think the closer we get to our FIRE date, the simpler things would become. I mean really – I’m leaving my job in just a few months so as I continue to train my replacement, my workload should start to diminish over time. Plus, we’re downsizing to an apartment soon (if we could ever sell our house!). What else could there be, Jim? How much early retirement planning do you really need? Didn’t you already get these plans laid out months or years ago? I’ll tell you what – I read a lot of personal finance blogs with folks who’ve already left their jobs and it seems like the majority of what I read is: 1) Reach
The idea of retiring early is something that most folks in the personal finance and FIRE world understand. When I tell people in the community that I’m retiring early at the age of 43, they say “good for you” and move on. Nevertheless, when friends or family ask me what we’re planning to do once we move to Panama (that is after they get past the idea that we’re moving to Panama!), it gets a little weird. Ok, it gets a little weird, but really just for me. I hem and haw and then say something along of the lines of… “Well, uh, I’ve been working on building up my blog for a while and that’s starting to generate some
The path to FIRE (financial independence / retire early) can be a long and sometimes arduous path. Each of us runs into our own obstacles and stumbling blocks along the way. One piece of good news is that, unlike the early trail-blazers that went down this path, there’s now a wonderful community on the big old Internet. If you look past the get-rich-quick garbage out there, you’ll find a lot of supportive and helpful folks who want you to succeed. Another plus in your favor is that FIRE continues to become something more folks are doing. It’s far from mainstream, but it’s more common than it has been anytime before. Because of that, there are a lot of success stories providing
I thought I’d take a step back from my normal posts to update everyone on our status – where we’re currently at and the next steps in our early retirement plans. My regular readers know that I’m leaving my job at the end of this year and we’re moving to Panama next summer (2019). It seems like an eternity away, but it’s really not a lot of time. So the good news is that the adventure is almost ready to begin! The bad news is that we have a lot going on to make this happen successfully. I’m a planner by nature, but it’s been a little stressful as each of these big steps has a lot of little steps.