Month: August 2017

The Three-Part Formula to Achieve Any Huge Goal, Even When Advice Doesn’t Fit

The Three-Part Formula for Success That Works for All Major Life Goals Including Early Retirement or Financial Independence!

There is plenty of financial advice out there, including some very prescriptive advice about how to achieve financial independence or virtually any big goal you can think of. The only problem is: that advice, while great for some, is guaranteed to be bad advice for others. Rather than trying to follow advice to the letter — or give it out in a prescriptive way — let’s focus on the formula instead, a formula with three key ingredients that can get anyone in nearly any life circumstances to achieve big goals.

How to Make Saving for Early Retirement Not Feel Like a Sacrifice

How to make saving for early retirement not feel like a sacrifice // Saving, frugality, retirement savings

If you’d told me at the beginning of our early retirement journey that we’d be on the verge of retiring only six years later, and that we wouldn’t be miserable or feel like we’d lived a life of sacrifice to make it possible, I wouldn’t have believed you. But it’s true. And not because we haven’t dramatically cut our spending. We have. But because sacrifice is a perception, not an absolute, and we’ve managed to balance out cuts to our spending with additions to other parts of our lives. Here’s how.

How We Calculated Our “Enough” Number for Early Retirement

Calculating Our "Enough" -- Determining the Numbers Behind Our Financial Independence and Early Retirement Plan

Today I’m (finally) sharing something that I’ve wanted to write about for a long time, but haven’t tackled because there is no easy formula: how to determine what is “enough” to save for early retirement. “Enough” is perhaps the centrally important concept to early retirement, but it can feel overwhelming to quantify your own. Here’s a breakdown on how we calculated ours, and how you can do the same for your own circumstances.

How to Use Your FI Freedom to Agitate for Others at Work

How to Use Your FI Freedom to Agitate for Others at Work | financial independence, early retirement

Those of us on the FI path who are still working have an incredible freedom that most of the working world doesn’t enjoy: the freedom to push for the change in our companies or industries that others might get penalized for pushing for. Better pay, more empowering conditions, parity, diversity, you name it. If we get labeled difficult or squeaky wheels, it doesn’t matter, because we’re on our way out. Here’s how — and why! — to use that power, both for the greater good and for your own legacy.

Don’t Forget About Your Later Years // Planning for Early AND Traditional Retirement

Don't Forget About Your Later Years // Planning for Early AND Traditional Retirement -- make sure your planning includes planning for early retirement, and all the considerations that go into traditional retirement planning

We know — the excitement of the *early* part of early retirement is powerful. So much so that it’s easy to focus our retirement planning mostly on those early years. The later years are also so much harder to predict — more variables, a longer time horizon, more unknown unknowns. But as we’ve seen in our own planning, it’s easy to have an inadvertent early phase bias built in — here’s how to suss that out and ensure that you’re planning for both your early retirement and traditional retirement.

Countering Magical Thinking About Early Retirement and Financial Independence

Countering magical thinking about early retirement and financial independence, expectations and happiness, not setting yourself up for disappointment in retirement

Early retirement and financial independence are such huge goals that most of us can’t help but build them up in our minds, and that often leads to the totally normal tendency to get into magical thinking: believing early retirement will make us happier, or better people, or cure whatever else ails us. Today we get into why it’s worth countering that magical thinking, and how to do it.

The Dose Makes the Poison // Radical Moderation in Frugality, Saving and Spending

The Dose Makes the Poison // Radical Moderation in Frugality, Saving and Spending -- not trying to save too fast or spend too perfectly en route to financial independence or early retirement

There’s a principle in medicine that the dose makes the poison. Which means, very few substances are good or bad for us no matter what. Instead, what matters is how much of them we take. And it’s exactly the same with money. It’s easy to make symbols of things like buying lattes or paying for cable, but those behaviors aren’t objectively a problem. What might be the problem, however, is the dose. Why we’re big believers in focusing on the dose, in context, and embracing a sense of radical moderation.