Category: we’ve learned

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.

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.

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.

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.

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

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

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.

The Most Important Ingredient in the Pursuit of Financial Independence: Excitement!

The Most Important Ingredient in the Pursuit of Financial Independence

Over the past two and half years of blogging about our early retirement journey, we’ve had the pleasure of meeting and hearing from several dozen of people who’ve achieved financial independence. All the while, we’ve been going along on our journey, and noticing what spurs us along more than anything. Turns out our journey and those of others’ have one key ingredient in common.