Month: February 2018

Aligning Your Spending with Your Values Vs. What You Value

Aligning your spending with your values vs. what you value // Consider whether your spending supports only what adds value to your life vs. supporting your personal values, adding value to others' lives.

Aligning your spending with your values with one of the first bits of advice many of us here when we get on the path to financial independence. But that advice usually goes on to talk about value — specifically what you get most value from — and not really about values at all. This is my case for why it serves you better to think about both what you value and your personal values when it comes to your spending and economic power.

Who Left These Kids In Charge?! // Adapting to Life With No Structure

Adapting to Life with No Structure // Our Next Life // early retirement, financial independence, lifestyle design, life planning, retirement

Our lives lately have looked slightly less than, er, adult. Some days we wonder why there are no grownups here to tell us what to do, instead just leaving us alone to do as we please with no structure whatsoever. It’s marvelous, of course, or at least marvelous for now, but we’re certainly wondering: At some point are we actually going to adapt to this new unstructured life?

Retiring Early in the Face of Fear

Retiring Early in the Face of Fear // Our Next Life // The biggest non-financial question we've been getting lately, now that folks know we've retired, is "Aren't you scared?!" And you might assume that people who've made the big leap and given up the big paychecks would say, "Nope!" But that's not true. We are scared. Just as anyone doing something big and at least a little bit risky should be. But we didn't let that fear hold us back, and that's what actually matters.

The biggest non-financial question we’ve been getting lately, now that folks know we’ve retired, is “Aren’t you scared?!” And you might assume that people who’ve made the big leap and given up the big paychecks would say, “Nope!” But that’s not true. We are scared. Just as anyone doing something big and at least a little bit risky should be. But we didn’t let that fear hold us back, and that’s what actually matters.

Protect Your Early Retirement From Sequence of Returns Risk

Protect your early retirement from sequence of returns risk // Our Next Life // early retirement, financial independence, investing, financial planning, retirement

Do the roller coastering markets have you concerned about the your early retirement plan? Sequence risk is by far the biggest risk early retirees face, and that risk can come from market crashes, long-term mediocre returns and even rising health care costs. Fortunately, though, we can all put ourselves in a good position to head off that risk, without lengthening the timeline to early retirement, by making some smart choices with asset allocation and behavior.