Tagged: early retirement

Facebook’s Trust Issue, and a FIRE Icon Inspires Millennials

Lots to cover in this week’s highlights, including Mark Zuckerberg’s trip to the Hill, and what is actually going to result from it.  Plus, how a 72-year-old FIRE icon is reaching Millennials and inspiring them towards financial independence and early retirement.  Facebook Will Be Regulated … But Likely Not by Congress [Kiplinger] Sum and Substance: Facebook […]

The post Facebook’s Trust Issue, and a FIRE Icon Inspires Millennials appeared first on Incomist.

The Sweet Spot

“Success can get you to the top of a beautiful cliff, but then propel you right over the edge of it.” As a Mustachian, there’s a good chance that you are a bit of an overachiever.  Maybe you fought hard to get exceptional grades in school, or perhaps you have always dominated in your career […]

Should I stay or should I go? Wrestling with the decision to quit a career

J.D.’s note: In the olden days at Get Rich Slowly, I shared reader stories every Sunday. I haven’t done that since I re-purchased the site because nobody sends them to me anymore. But earlier this year, Mike did. I love it. I hope you will too.

Earlier this year, I sent my wife a text message: “On a scale of 1 to 10, how freaked out would you be if I quit my job this afternoon?”

My wife and I had only been married a short while, but she’d known since our second date that I didn’t plan to work in my traditional job until normal retirement age. She also knew that I hadn’t been very happy at work in recent months.

We’re very compatible financially — both savers raised in working-class families that didn’t always have a lot. We make a point of having what we like to call “Fun Family Finance Day” from time to time. On Fun Family Finance Day, we do everything from competitively checking our credit scores to discussing questions that get at the root of our money mindsets to help us create our goals.

But this question wasn’t part of the plan. Not then.

And it was never on any of the lists of questions that we’d discussed with each other. It was like a pop quiz, a pothole in the smoothest relationship road I’d ever traveled…and I was the one putting it there.

Dreams Remain Dreams Without Doing

My wife and I rarely argue, but when we do it’s usually about food. It’s the kitchen and the grocery store that are our battleground. Our finances are fine. Thankfully, when you’re confident in the life you’ve created and the person you chose to build it with, it’s a lot easier to be honest about what’s on your mind.

That still doesn’t always mean you get the answer you want. Or the answer you were expecting. She responded: “Wait what. Kinda. What would you do?”

A completely reasonable and fair question. Not to mention one that I’d probably have to get comfortable answering from a lot more people.

I think my immediate reaction was: We talk about this stuff all the time, where is my, “No worries baby, YOLO!”? (I must have watched too many romcoms back before we cut cable from our lives.)

Being a grownup, it turns out, is actually really hard sometimes. I was about to learn that talking about something, and actually doing it, are a world apart.

Life is full of dreamers and doers. Sometimes those two personalities cross over. But there are plenty of people who go through life talking about so many things they’ll never have the courage to try — or the discipline and determination to follow through with.

Which person was I? The dreamer? The doer? Or that fortunate combination of both?

How Much Is Enough For Retirement?

If you’re thinking about how much is enough for retirement, you’re probably contemplating a retirement and need to know how to pay for it. If you are, that’s good because one of the challenges we face is how we’re going to fund our retirement. Determining then how much retirement savings is enough depends on a …

The post How Much Is Enough For Retirement? appeared first on GrowthRapidly.

You CAN Reach Retirement! Avoid These Top 5 Retirement Mistakes

Wondering what retirement mistakes will ruin your retirement? Here are the biggest retirement mistakes we all make. Have you ever checked in to see if you are on track for retirement? I know this can feel like a daunting task, but preparing yourself for retirement can help you save more and avoid common retirement mistakes. […]

The post You CAN Reach Retirement! Avoid These Top 5 Retirement Mistakes appeared first on Making Sense Of Cents.

Here’s Your Plan to Retire in Ten Years

The average American has only a little over $200,000 saved for retirement by age 65. It’s a small wonder that 50% of married couples and 70% of individuals receive 50% or more of their retirement income from Social Security. But that doesn’t have to be you. In fact, you don’t even need to wait until […]

The post Here’s Your Plan to Retire in Ten Years appeared first on Good Financial Cents®.

Experimenting with ultra-light packing: How I packed light for 20 days on the road

Hello from Portugal!

Last Thursday, I returned to Europe for the fourth time in the past ten months. This time, I’m here for work. I’m speaking at yet-another chautauqua about financial independence and early retirement. As always, it’s fascinating — and the people attending the event are amazing.

For this trip, I decided to experiment with ultra-light packing. I am not a minimalist, but I like minimalist travel. I wanted to see if I could carry everything I needed for 20 days of travel in a single small backpack.

How To Build Wealth In Three Easy Steps

This page may include affiliate links. Please see the disclosure page for more information. Do you want to learn how to build wealth? When it comes to building wealth, there are several strategies and even more opinions. Some people get lucky, like winning the lottery, inheriting vast sums of money from their long-lost uncle, or being fortunate…

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How To Build Wealth In Three Easy Steps was first posted on May 15, 2020 at 6:00 am.
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Money Audit: Can I Retire Early?

Mint devotees James, 51, and wife, Carol, 43, hope to mark 2018 as the year they achieve what many only dream of accomplishing: retiring early from the daily grind. He’s a technical manager and she’s a self-employed real estate agent…

Full Story

The post Money Audit: Can I Retire Early? appeared first on MintLife Blog.