How We’ll Live Beyond Our Budget in Early Retirement

In just two short months, we'll be retired and living on a constrained income for the first time in ages. But we're not worried, because we have a whole bunch of ways to live beyond that budget, especially once we have time to invest in research and deal-finding. (Plus, we can live a pretty sweet life for not a lot of money, so it doesn't take much budget stretching to feel like we're living a life of luxury.) Check out our plan for living beyond our budget -- and then let us know what we missed!

The Fundamental Problem with the 4% Rule for Early Retirement Isn’t the 4% Rule

The question of whether 4 percent is a safe withdrawal rate, as the "4 percent rule" suggests has been -- and will continue to be -- debated endlessly. Fortunately, this isn't more of that debate. Instead, let's look at whether the fundamental underlying assumption of the 4 percent rule -- level spending every year -- is actually realistic and safe to plan around. (Spoiler: it's not.)

Financial Independence, Fight Club and the Mindless Consumer Zombie Narrative

I know you've heard this one before: the narrative of "working a job you hate to buy things you don't need to impress people you don't like." It's what I've come to call the Fight Club narrative, a distinct strand of the FI movement that posits consumerism as public enemy number 1. And while it's a compelling narrative, here's my case for why it's harmful, and what we should be talking about instead.

$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.

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.

Tiny truths that have dramatically changed how we spend, save and manage our finances -- dollar cost averaging, inflationary risk, market timing, people over money, and more!

The Tiny Truths That Completely Changed How We Money

We don’t walk around in the world feeling like some financial masters of the universe. I blog about money, of course, so I think about it a fair amount – though less than when I was more obsessive in checking our balances and updating the spreadsheets. But I still don’t think of “awesome with money”…

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.