Hump Day- September 13, 2017 What is hump day? It’s Wednesday. The hump to your work week. 2 days downRead more
The question I have been playing out recently in my mind is whether to work to achieve FIRE. Should I bust my butt for 10 years and then peace out in a flame of glory? Or do I go part time now (between 60 to 80%) and lay low working into the sweet sunset of retirement at 60?
My current employer offers a pension at 60 (likely 65 when I actually retire) that includes health care. If I could last the next 20 + years for that, is it worth it? I wrote about the differences it would make to my drawdown strategy here and here. There are definite financial benefits to staying until 60, but what about emotional and life ones?Read more
Hump Day- September 6th, 2017 What is hump day? It’s Wednesday. The hump to your work week. 2 days downRead more
Today I am happy to feature a guest post from a family member. We have no financial relationships except that we buy each other beers when we are together. I recently discussed the real cost of homeownership since buying my million dollar plus home. It’s not pretty. The point of the article was that a lot of money goes to things other than principal and interest. Thus, when buying a home consideration should be given for the true cost of maintenance.
In talking to the author of this post, he agreed. He lived in Longmont, CO (the home of the famous Mr. Money Mustache), which by all costs has a reasonable cost of living. He lived in the same home for 14 years and recently sold it as the Longmont market has become more “hot”. Him and his family have since moved to Seattle where they will not be purchasing a home partly due to being empty nesters now and also the crazy housing market there.Read more
On this Hump Day we discuss Houston, learning to thrive, ignoring the nay sayers, avoiding lifestyle deflation, and finding other ways to improve your life.Read more
I recently posted a graph of my net worth (see bel0w) since I started tracking it in 2014 on twitter. Despite becoming an attending in 2012, I did not track my net worth early on. As you can see, it has been a slow and steady climb to a positive net worth. I posted this and the White Coat Investor stated this is a good case to discuss one house, one spouse, one job. A mantra for stability and progress.Read more
What is hump day? It’s Wednesday. The hump to your work week. 2 days down and 2 days to go.Read more
I am a big fan of a do it yourself (DIY) lifestyle. I try to do most things myself instead of calling in the troops. A lot of this can be traced back to my father. Growing up with him I replaced toilets, installed hardwood and tile floors, put up drywall, fixed plumbing, simple car maintenance, etc. He was always busy and always fixing everything himself. He thought me a lot about getting things done in life.
Today we discuss how DIY can still be part of your life, leading to a happier, more cost-effective you.Read more
On today’s hump day, we discuss what you need to get ready for retirement and if the stock market is too high.Read more
Today I am joining the chain to discuss FIRE Prowess. It was an idea started by The Green Swan and you can read about his idea in detail here. The FIRE Prowess gives you an idea of how well you are doing saving/investing relative to earning.
So check out my Fire prowess score and find out what yours is…Read more
One of the biggest reasons people give for buying a home is the mortgage interest deduction. While the deduction isRead more