Tweet July has been a roller coaster ride in many ways, especially with my ERE goals. As the month wrapped up, however, it was by far the most successful month I’ve ever had (despite losing a bunch of capital in the stock market). In June I made a ton of life changes, including changing jobs, [...]
Tweet In asset allocation, diversification is a hedge against risk. Putting 100% of your money in one stock is extremely risky due to the volatility of an individual stock. A single stock is subject to 5 types of risk: Business Risk (earnings could drop), Financial Risk (the company can’t get funding), Liquidity Risk (you can’t [...]
Tweet I’m commonly asked what I’ll do after retiring extremely early. I’ll be 35 years old, won’t I get bored? The short answer is – “Are you kidding me?!?” But that would make a boring and poorly informed blog post, so I’ll give you the long answer. The truth is, whether you retire at 35 [...]
Tweet Saving up for an early retirement is much easier than financial advisers are willing to admit. Cut your costs – extremely. Live on one paycheck, or better yet, a fraction of a paycheck Invest in low cost mutual funds or dividend stocks. Go back to #1 and cut more costs. Anyone that says it’s more complicated [...]
Tweet I don’t tell many people about my plans for early retirement (except for this anonymous-for-now blog), but those that I do always have the same two responses: What will you do when you retire? Won’t you get bored? Isn’t that really risky in this economy? The short answer to the first question is “No!” [...]
Tweet Extreme careerism is the downfall of corporate culture, which is funny to me because it’s the corporation that breeds the trait. Extreme careerism is the focus on ones own career “growth” as the primary goal, rather than on quality of owns performance. It can be seen visibly through things like: Uncomfortable dress clothing – [...]
Tweet It’s fascinating how you can change your life simply by being conscious. Shortly after reading Early Retirement Extreme I read Your Money or Your Life. And I remember looking at the charts where people tracked their savings and expenses over time, and they all shared a common look: They made massive drops in expenses [...]
Tweet Savings rates in the US are tragic, but very few people realize how bad it really is. Even as I save at a very high rate (almost 70% of income and growing), I didn’t realize what a low savings rate really meant with regards to retirement age. The reason for this is simple. If [...]
Tweet 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, [...]
Tweet Sorry for the delay in providing these results. It’s been a busy month, but I’m happy to say that June was my best month yet! It’s probably better to describe it qualitatively than quantitatively, since so much went on and the numbers may not accurately reflect my progress. In June I sold my car, [...]
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