I have a plan. I mapped it out a few years ago and I’ve been sticking to it— save $1,200,000 by the age of 32. It is a cautious plan that assumes I could double my expenses in retirement. It even has a buffer of $200,000 for just-in-case scenarios. Yet recently I’ve been wondering if this […]
Sunday Scaries (n): The Sunday evening dread that creeps in when anticipating work in the morning. Shut down Sunday Scaries with this series: Sunday Sharies! These are the articles, links, and content I’ve read this week that I think are worth sharing. Finance Articles I Have No Gift to Bring Pa Rum Pum Pum Pum: […]
It’s no secret that earning more money makes it easier to save.
I’ll be straight with you– as a software engineer, I bring home a solid income. But what if something were to happen?
I received an e-mail from a reader heading into the next chapter of his life: a soon-to-be empty-nester! He has a big question for us: should he take a mini-retirement while he’s still young, or stick it out until fully financially independent (FI)? He has a great salary and a high net worth, but doesn’t […]
* I’m in the process of moving, so my friend Purple from A Purple Life wrote an epic guest post for today. She has a not-so-harebrained-scheme to retire next year on half a million dollars. I admit that I wondered how exactly she was planning to pull it off when most early retirees save at […]
When I went to the Netherlands in November, I navigated my way through streets filled with weaving bicycles, friendly people, and best of all, shops with poffertjes in the window — mini-pancakes dusted in sugar. After those melt-in-the-mouth magic wonders, I am ready for the next big idea coming from Northern Europe. In this case, […]
Two days ago, my phone buzzed with a trending post on Reddit. The post detailed someone who had achieved FIRE (financial independence and retire early), but says he is ready to go back to work. “The past year has been horrible for me,” he writes, “The lack of socialization, need to get out of the house, […]
So you’ve followed The Ultimate Flowchart and you have a budget. You save up 3-6 months of expenses for an emergency fund, and now you’re sitting pretty. What next? When I finished with school I had knowledge piled up in my head: I knew how to calculate fluid velocity in a pipe, the fracture toughness of a […]
I am part of a growing movement of people looking for a way out of the rat race. The movement is called FIRE: Financial Independence, Retire Early. The blogosphere is growing with people embracing the movement, and I at first felt like I had little to add to this space. After all, Gwen of fiery millennials is another […]