Saving Archives - Route to Retire

Make Your Money Work for You Instead of Vice Versa

12 Comments / Financial Independence / Retire Early (FIRE), Investments, Saving / By Jim @ Route To Retire / January 7, 2020 January 4, 2020

I think I first heard the mantra of “make your money work for you” when I was a kid. I’d also guess that it was my grandfather who preached it. He was able to retire in his mid-40’s before the term FIRE (financial independence / retire early) was even coined. But it took me years to really understand what that meant. And even once I thought I got it, I still assumed it was just some pipe dream that only …

Make Your Money Work for You Instead of Vice Versa Read More »

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

12 Comments / Debt, Saving, Spending / By Jim @ Route To Retire / October 15, 2019 February 3, 2020

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 …

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

Choose FI: Your Blueprint to Financial Independence

2 Comments / Debt, Education, Financial Independence / Retire Early (FIRE), Geoarbitrage, Investments, Product and Service Reviews, Real Estate, Saving, Self-Employment, Spending, Taxes and Financial Planning / By Jim @ Route To Retire / October 1, 2019 October 1, 2019

I don’t normally write book reviews on this blog, but I’m making an exception for the new Choose FI book. I was expecting my opinion to sway one way with the book but my impression after reading it went in a completely different direction. Chris Mamula is the author of Choose FI: Your Blueprint to Financial Independence (along with coauthors Brad Barrett and Jonathan Mendonsa). If you’re not familiar with Chris, he retired in 2017 at the young age of …

Choose FI: Your Blueprint to Financial Independence Read More »

Do Low and Negative Interest Rates Scare You?

12 Comments / Investments, Saving / By Jim @ Route To Retire / September 17, 2019 September 15, 2019

A couple of weeks ago, I brought up the idea of negative interest rates with my nine-year-old daughter, Faith. Yes, this might be something a little weird to talk about with your kid, but it piggy-backed off of our personal finance class during homeschooling. And of course, I kept it pretty high-level. I had kept it simple talking about how banks pay interest to people who store their money there. The banks then take that money and loan it out …

Do Low and Negative Interest Rates Scare You? Read More »

Did These Flip-Flops Lead Us to Financial Freedom?

18 Comments / Financial Independence / Retire Early (FIRE), Life in Early Retirement, Saving, Spending / By Jim @ Route To Retire / July 30, 2019 September 24, 2019

People hear that my flip-flops are now over 12 years old and love to say, “No wonder you were able to retire!” But are my old shoes the reason we were able to reach financial freedom? You might decisively be thinking that’s silly, but let’s talk about this a little more before you jump to a conclusion. I think we all know that my shoes aren’t going to be the reason we were able to retire early. But, I can …

Did These Flip-Flops Lead Us to Financial Freedom? Read More »

Guest Appearance on the ChooseFI Podcast

4 Comments / Geoarbitrage, Life in Early Retirement, Podcasts and Other Appearances, Saving / By Jim @ Route To Retire / July 1, 2019 September 24, 2019

I’ve been wanting to be a part of the ChooseFI podcast shortly after it began. Jonathan and Brad launched the show at the end of 2016 and quickly took the FIRE community by storm! It’s a fantastic podcast helping to discuss the path to financial independence. They bring on various guests to examine different aspects and strategies of reaching FI. What’s really great though is that they also focus quite a bit on enjoying the journey along the way. I …

Guest Appearance on the ChooseFI Podcast Read More »

How to Get a Million Dollars for Your Nest Egg

14 Comments / Financial Independence / Retire Early (FIRE), Investments, Motivation, Real Estate, Saving / By Jim @ Route To Retire / June 18, 2019 September 24, 2019

By early 2017, we had finally built our net worth up to over a million dollars. It was a great feeling to reach that milestone, but it didn’t really change things for us – we just continued to follow our plan. When I left my job at the end of 2018, we had a net worth of about $1.1 million and, thanks to the bull market still pushing ahead, it’s roughly $1.2 million right now. I’ve written a few posts …

How to Get a Million Dollars for Your Nest Egg Read More »

Why Not Keep Working and Saving? Are You Stupid?

42 Comments / Financial Independence / Retire Early (FIRE), Investments, Life in Early Retirement, Saving, Spending / By Jim @ Route To Retire / June 4, 2019 September 24, 2019

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 …

Why Not Keep Working and Saving? Are You Stupid? Read More »

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

16 Comments / Financial Independence / Retire Early (FIRE), General Thoughts, Health and Fitness, Investments, Kids, Life in Early Retirement, Motivation, Real Estate, Saving, Self-Employment, Spending / By Jim @ Route To Retire / May 14, 2019 September 24, 2019

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. …

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

The Importance of Balance – Frugality vs. Overspending

10 Comments / Financial Independence / Retire Early (FIRE), Guest Posts, Saving, Spending / By Lisa @ Route to Retire / March 15, 2019 September 24, 2019

Saving every penny and pushing frugality to its limit or spending every penny to live for today. How does the Route to Retire family handle their spending? Good news! After a lot of prodding, I think I might have been able to convince Mrs. R2R to do some occasional guest posting. Hopefully, you’ll see some more of these in the mix. She told me she’s hoping to write a post on the process she’s gone through in figuring out homeschooling …

The Importance of Balance – Frugality vs. Overspending Read More »