Keeping finances on track After two years, we are $235,000 wealthier than when I left my job. Around $120,000 of that net worth boost came from Mrs. Root of Good’s salary since she continued working even after we reached financial independence (more on that decision below). The other $100,000+ of Read more…
1. LIVE TWO TO THREE TIMES BELOW YOUR MEANS Sorry, folks: Simply skipping that $4 latte in the morning ain’t gonna cut it. It takes a much more committed approach where “sacrifices” are viewed in a new light. “It’s amazing when I work through the numbers that some people think Read more…
…. Americans aren’t saving for retirement It seems like every day a new survey is released that concludes Americans aren’t saving nearly enough for retirement. Google “percentage of Americans who haven’t saved for retirement” if you want to engage in some schadenfreude. My search suggested that fully a third of Read more…
We are able to get by on a retirement budget of about $33,000 per year including a paid off house. We could rent our house in the US and net $800-900 per month which might be enough to allow us to rent a decent furnished house or apartment in Mexico. Almost Read more…
I thought it would be fun to look at a typical week for me because it might help others figure out how they can fill their free time. The schedule also shows the diversity of daily and weekly activities for me. No two days are alike, and each day typically has a mix of Read more…
Reaching back to Google X, Sergey Brin stresses the tremendous benefits of failure, and I echo that. Let’s assume, for a moment, that this early retirement experiment doesn’t work out–perhaps for one of the reasons stated above. What is the effect? Well, I’ll have a few thousand bucks in passive Read more…