One of the bedrock principles of our early retirement vision is that we don’t ever want to *have* to work, and we want to choose which projects to take on regardless of whether they pay. Which is all nice in theory, but does that principle stand up in the real world? With this blog as our guinea pig, we put our ideals to the test. Here’s what we learned. Continue reading The No-Income Work Experiment // Testing Our Commitment to the Principle
Today we’re talking mission statements, something that most companies have, but which few individuals or families do — which is a shame, because they can be super helpful in keeping you on-track to reach your biggest life goals. Think of your mission statement like a compass or GPS that helps you find your way if you ever start to wander off the path. Continue reading Write Your Financial Independence Mission Statement
This year has been flying by, and we can’t believe it’s already time for our first quarter update. And it’s not just numbers on our minds — getting this close to retirement has us feeling all kinds of contradictory feelings, and the recent market boom has us in a state of disbelief. Continue reading Countdowns and Disbelief // 2017 Q1 Financial Update
The fact that we are retiring at the end of this year is getting more and more real for us, and some of that feels scary. But it also feels crazy exciting for obvious reasons, and for less obvious ones like the forthcoming opportunity to re-engineer our lives to reinforce better habits and avoid triggering the bad ones associated with our current work lives. Continue reading Creating a Tangible Separation from Work When We Retire
It’s so fun and exciting to plan for financial independence and early retirement that it’s easy to focus only on what happens when things go well. But it’s important to pressure test our plans to make sure they will still hold up even if (or when!) things don’t go as planned. Here’s our suggestion on one way to do that. Continue reading Pressure Test Your Financial Plan with the Five What Ifs
We attribute our financial success primarily to three things: not overspending on housing, earning above average incomes, and — as we’ll discuss in detail today — not inflating our lifestyle in many, many years. This “lifestyle stagnation” (think of it as level spending over time) can lead to pretty massive savings potential over time, and today we break it all down. Continue reading The Simple Math of Lifestyle Stagnation, the Biggest Secret of Our Success
Though early retirement feels like a big goal in and of itself (and it is!), it’s not an endpoint. For most of us, it’s just the beginning, and it’s worth thinking in advance about what your next big audacious goal will be after FIRE. We offer some suggestions here! Continue reading Don’t Stop at One Audacious Goal // After FI, What’s Your Next One?