My Need For Extreme Early Retirement

I’ve been thinking a lot about my need for extremely early retirement.  After all, I’m easily bored so why would I want to rush into retirement where, it would seem, boredom would abound.

What I’ve come to realize is that my real goal is for Early Financial Independence (EFI).

For many people like myself, money becomes an obsession.  Not because I love to spend it (I don’t!), but because I want it to be a variable that I no longer care about.  I want to live a life where it’s irrelevant, and even though I spend very little of it, I want it to be such a small part of my overall capital that it is completely eliminated from the equation.

For this reason, I’ve really been focusing on maximizing my investment income and minimizing my expenses.  Generally, I see the life of extreme early retirement and extreme early financial independence as a 3-part personal analysis:

  1. Minimizing expenses
  2. Maximizing investment returns
  3. Mental acceptance

The funny thing is, # 3 is the hard part.  I’ve found that it’s easy to reduce my expenses from $7500/month to $3000/month while maintaining the same life satisfaction. I’ve moved my stocks from boring  captital stocks to well-producing income-generating dividend funds. That covers #1 and #2.  But as I get close to the point that the two cross (that my investments, alone, pay for my life expenses) it is hardest to mentally accept that fact.

The protestant work ethic to work hard and make money if fully ingrained in our heads!  But it can be beaten, and I’m beating it down today.  I see the light at the end of the tunnel where I am not a participant in environmentally detrimental industrial growth, I’m not a part of unnecessary materialism, and I’m not feeding capital greed.  Instead, I’m making room for jobs for others that need them while investing in jobs for others.

Financial Independence at a young age can be a beautiful thing, and I’m beginning to see that.


5 Responses to My Need For Extreme Early Retirement

  1. […] understand why my wife and I don’t. My wife is on board with our path to fiancial freedom and extremely early retirement, my children don’t seem to mind any perceived sacrifices, but when family comes into town it […]

  2. Marty says:

    I just came across your blog and have begun reading from the start. Our stories are very similar, even down to when made decision to pursue ere (April 2010 for me). I’ve got 2 years to go, but only because I’m locked in to and overseas assignment right now which is much more about the experience than the money.

    I really identify with the comment about getting off the manufacturing line of growth/ greed/ consumerism and making space in a tight economy for some young, aspiring person to get a head start on their own journey to financial independence.

    Looking forward to reading the rest.

  3. thegoblinchief says:

    I have no problem at all with #3. I’m going to be busy as hell in retirement – but all on my own terms.

    • When I wrote this article 3 years ago, #3 was a real concern for me. Now, several months into retirement, it’s not a concern at all. I’m striking just the right balance of working on projects, researching some future projects, and plenty of leisure time.

  4. Sherrie Rose says:

    Could you explain more about the dividend funds? I need to increase my dividends while maintaining growth. Is that possible?

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