Stepping Off the Map // There’s No Guidebook for the Emotions of Early Retirement

The financial aspects of the early retirement journey are well trod at this point: reduce your expenses, save at a high rate, invest in assets that create passive income, blah blah blah. What’s less talked about is the emotional journey, which means that a lot of us are stepping off the map, and heading into uncharted territory. But it doesn’t have to be that way. Here’s our take on navigating those emotions, and why the unexpected ones are so valuable in guiding your financial plans. Continue reading Stepping Off the Map // There’s No Guidebook for the Emotions of Early Retirement

$100 to Spend, or a Day of Retirement? Think in Days, Not Dollars, to Speed Your Progress

Vicki Robin’s book Your Money or Your Life had a huge impact on how I view money, asking us to equate money we might spend with the life force it represents, in other words, the time it took to earn it. And while that’s a great starting point for shifting our thinking about money and spending, I have a different proposal for how we should think of that money to speed our progress toward financial independence, focusing not on how long the money took to earn, but on how much time it buys us back. Continue reading $100 to Spend, or a Day of Retirement? Think in Days, Not Dollars, to Speed Your Progress

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

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

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

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

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

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

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

How We Calculated Our “Enough” Number for Early Retirement

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. Continue reading How We Calculated Our “Enough” Number for Early Retirement

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

Countering Magical Thinking About Early Retirement and Financial Independence

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. Continue reading Countering Magical Thinking About Early Retirement and Financial Independence