it’s the most math ever! today we’re talking about how we calculated what we need to save for early retirement, since the 4 percent rule doesn’t exactly work as planned for all early retirees.
we’ve realized in recent years that the world is divided into people who think of themselves as campers, and those who don’t. and the latter group may find the very concept of camping intimidating for a whole host of reasons. we’re here to tell you non-campers that it’s much easier than you think, it’s not as dirty as you might imagine, there are ways to make it plenty comfortable, and you can really take camping to any level you want, starting simple and working up to more advanced forms.
for us, trying to follow a line-by-line budget feels both overly restrictive, and too much like a diet in which you’re tracking calories. it’s not sustainable. following a budget makes us constantly want to cheat, or wonder when the diet is over. but we’re doing just fine without a budget!
when we travel now, we do just about everything we can to keep expenses low, so that it doesn’t set us back in our early retirement savings, and so that we don’t get used to “travel inflation” that would make it hard to adjust once we’re on our early retirement budget. here’s how we travel without setting ourselves back financially.
we like to remind ourselves that early retirement is a marathon, not a sprint, and the worst thing we could do is burn ourselves out early in the process by being too strict or restrictive. the key is knowing yourself, and what you need to be successful and stick with something.
some of the ways we’ve saved what is by any measure a lot of money. not enough to retire yet, even at the modest level we’re shooting for, but still objectively a lot.
why doesn’t work travel feel “real”? and, more importantly, how can we make it feel more like travel travel? stand back. we’re about to spew some advice.