When we first moved to Tahoe, we ran the heat at what seemed like a reasonable cool temperature, 62 or 63 or so, but then got a three-digit natural gas bill that started with a 4. So began our quest to reduce our heating bill and to find how low we could go, but this isn’t about keeping your house cold. It’s about finding your version of “selectively harcore” and all the non-financial lessons that come from being strict with yourself in one way of your choice.
We’re about to go through a life and financial transition as big as graduating from college or getting married — and that’s switching from earning plenty while working to earning very little in early retirement. Which means that we need a new set of systems to ensure our financial success, especially given our status as anti-budgeters. But it also means that we’re bringing back a tool we gave up years ago: the personal allowance.
Just as we have a mission in early retirement to figure out what we want to do when we grow up, and to adventure more, we also have a mission to be more charitable, both by volunteering and by giving money directly to important causes. Which may seem harder when we have less cash flow coming in. But there are some good ways to build charitable giving into your retirement financial plan, including with a donor advised fund. What’s your charitable mission?
This post is about my long side hustle career teaching yoga, including the cautionary tale I’d give any would-be new teachers. But it’s filled with parallels for so many side hustles and jobs in the gig economy — and it’s worth asking if your side hustle has anything in common with the pitfalls of mine.
The most common question we got after revealing where we live was “But… California?! It’s such a high-tax state!” So let’s take a look at why we think California can be a great place to retire, as can many high tax states. Because there’s so much more to total cost and overall lifestyle than just income taxes, especially given that income taxes are far less relevant to early retirees.
We’re just back from FinCon17, and here’s a full report on how it all went. (Spoiler: We loved every second.) And, for those who aren’t bloggers or just aren’t interested in FinCon, let’s talk all about how we can create community outside of big, formal events — because I think it’s actually easy to do!
It’s time, you guys! For nearly three years, and 300 posts, I’ve written as “Ms. ONL,” and referred to my partner in crime as “Mr. ONL.” We’ve obscured where we live, what we do for work, and a bunch of other identifying details. But that all ends now! Come meet the real humans behind Our Next Life.