early retirement

How’s Life 2 Years After Early Retirement?

07.24.2014
How's Life 2 Years After Early Retirement?

It’s been 2 years since I left my corporate job and I’m still retired. Yes! I still remember the elation I felt as I drove away from the office for the last time with Van Halen’s Right Now blasting in the car. Time flies when you’re having fun and these past 2 years flashed by in a blink. I am living life on my own terms without someone (besides my son and wife) dictating how I spend my time. That freedom alone made quitting the corporate job worth it. Let’s see how we’re doing after 2 years without a full […]

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Are You Living The Life You Want?

07.14.2014
are you living the life you want? Life is short

Life is short. That’s what I figured out when I hit my 30s. Before that, I never gave much thought to the impermanency of things. I guess I’ve been lucky and I didn’t lose too many friends and family when I was young. As I got older, I became much more conscious of friends, family, coworkers, and even celebrities who passed away. Micheal Jackson, Christopher Reeve, Patrick Swayze, Steve Irvin, John Ritter are all people I grew up with and they all died pretty young. They made me realized that I have to find happiness now and not put it off […]

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Should you invest in your 401k if you plan to retire early?

06.20.2014
Should you invest in your 401k if you plan to retire early?

Some readers brought up an interesting point in response to the 3 Ways To Define Financial Independence. Should you count your 401k and IRA when you calculate your Financial Freedom Ratio*? You can’t access these tax advantaged retirement funds without penalty (10%) until age 59-1/2. If you plan to retire at 40 or 50, wouldn’t it be better to invest in a taxable account so your saving is easier to access? *Financial Freedom Ratio (FFR) = investable asset/annual expense. If your FFR is over 25, then you’re close to financial independence. First of all, I count our 401k and IRA in […]

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3 Ways To Define Financial Independence

06.18.2014
3 Ways To Define Financial Independence

I know it’s not quite Independence Day yet, but we’ll be out of town camping, so it’s better to get this one out earlier rather than later. I’m really looking forward to camping at the beach for a few days. As the 4th of July approaches, it’s a good time to contemplate the state of your financial independence. Heck, I’ll make it a tradition to talk about financial independence every year around this time. It’s time for celebration and it’s also a good reminder that independence is a goal worth struggling for. What would you do if you didn’t have […]

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