Spending

FI and Early Retirement… Could It All Come Crashing Down?

22 Comments / Financial Independence / Retire Early (FIRE), Investments, Spending / By / January 21, 2020

I’m not going to lie – being FI (financially independent) is a truly awesome feeling.  To realize that you don’t need to work again if you don’t want to takes such a massive weight off of your shoulders. But if you take it to the next level and throw in early retirement, you’re now solely depending on whatever you’ve put in place to sustain that financial independence. That’s scary.  No, I mean, that’s really scary. If you continue to work, you …

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We Got Turned Down for a Credit Card… Ok, Four!

16 Comments / Debt, Spending, Travel and Vacation / By / February 3, 2020

Yeah, getting turned down for a credit card isn’t a good feeling. It doesn’t matter that Lisa and I each have credit scores of over 800.  It doesn’t matter that we have plenty of credit cards already and don’t really need another. We also have more of an unused credit line spanned across all our cards than we’ll never need.  And then, of course, there’s that little piece of info that we’ve saved up enough money that we never have …

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Uh-Oh… Our Retirement Expenses Are Higher than Expected

20 Comments / Geoarbitrage, Life in Early Retirement, Panama, Spending / By / November 22, 2019

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 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 …

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

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

12 Comments / Debt, Saving, Spending / By / 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 …

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Book Review: Choose FI: Your Blueprint to Financial Independence

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 / 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 …

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Solving the World’s Problems… Starting with Mine!

20 Comments / Panama, Spending / By / September 24, 2019

When it comes to solving the world’s problems, I’m the man.  I’ve got it all handled.  Call me “Mr. Fix-It”! Ok, maybe that’s far from true.  I’m not solving the world’s problems at all.  In fact, I sometimes struggle to handle my own problems. But, I’m good at adapting and actually enjoy change.  I have an engineer’s/programmer’s mindset and like to logically find an optimal solution to problems. And now that we’re living in Panama, I get to push my …

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What the Hell Is Going On with Our Living Expenses?!

26 Comments / Spending / By / March 9, 2020

Boy, this has been one helluva rollercoaster lately.  Our living expenses have been all over the map this year. We’ve had a ton of abnormal spending (both more and less) throughout the year.  The biggest factors for this were: Preparing for our big move Enjoying our July adventure Living in Texas with family for most of August Now living in Panama For a guy with control issues, this is throwing me off a little.  The roller coaster ride we’ve been …

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Flexible Travel Can Yield Huge Benefits

Flexible Travel Can Yield Huge Benefits

16 Comments / Financial Independence / Retire Early (FIRE), Life in Early Retirement, Spending, Travel and Vacation / By / September 26, 2019

One of the facets of early retirement I was looking forward to the most was flexible travel.  I knew that we’d be able to save some money by not having to be so rigid in our plans. I didn’t realize the extent of how beneficial it could be though.  We’ve been retired for less than eight months now and what we’re already experiencing is awesome! Between cheaper flights, hotels, and cruises, the price is definitely right. Then you throw in …

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Were We Spending Too Much in July? You Tell Me…

Were We Spending Too Much in July? You Tell Me…

18 Comments / Spending, Travel and Vacation / By / August 14, 2019

Our July adventure is officially over and now I’m wondering if we were spending too much throughout the month. As most of you already know, we’re moving to Panama later this month.  When we booked our flight earlier this year, my wife, Lisa, wanted to wait until the end of summer to fly out so we could go on vacation with her side of the family first. Because of that, we were running a month-to-month lease on our apartment for …

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Did These Flip-Flops Lead Us to Financial Freedom?

Did These Flip-Flops Lead Us to Financial Freedom?

18 Comments / Financial Independence / Retire Early (FIRE), Life in Early Retirement, Saving, Spending / By / 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 …

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