Tag: mortgage payoff

There Is No Financial Truth, But Why That's a Good Thing // Our Next Life // Early retirement, financial independence, FIRE, retire early, happiness, adventure, work optional

There Is No Financial “Truth” (But Why That’s a Good Thing)

We’re supposed to save 2 times our salary by age 35, or is it 25 times our expenses to retire early? We’re supposed to ignore Social Security, but also claim it at 62 to hedge against market risk. We should try to get out of debt as quickly as possible, but also paying off a mortgage early is missing out on potential market gains. There is so much “truth” out there, so many “right” answers, and many of them conflict. How to make sense of them and decide which are actually true? Start by tossing out the whole notion that financial truth exists in the first place.

Quarterly financial progress report toward early retirement and financial independence

Magic Numbers, Padding and Panic // 2017 Q2 Financial Update

It’s time for our second quarter early retirement progress report — our second to last! — complete with charts galore. This quarter we hit another milestone that’s both wonderful and a relief, and we’re setting our sights on building up a sizable cushion by year’s end for future health care unknowns. Plus: we’ve launched a reader survey and we’d LOVE your input.

Debt’s a Funny Thing // Plus: Why We’re Not Prepaying Our Rental Mortgage

Paying off our mortgage last week has gotten us thinking a lot about debt, and how differently we all think about it — but also how we *feel* about it. Today we’re diving into those thoughts and feelings, and — because we got so many questions about it — diving into why we did pay off the mortgage on our house but why we’re not paying off the mortgage on our rental anytime soon.