early retirement

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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Revamping Our Early Retirement Backup Plan

06.11.2014
Revamping Our Early Retirement Backup Plan

Last time, we looked at the fear of outliving your money in early retirement. This is a real danger if you quit working in your 30s, 40s, or even 50s. You will spend much more time in retirement and that will greatly increase the risk of outliving your money. We put some safeguards into place so we’d get an early warning if our finances start to go south. Here they are. Track our monthly expense to make sure it’s not increasing too much over time. We should be cash flow positive every year until we’re 60. Track our FFR* and keep […]

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Early Retirement Fear – What if you run out of money?

06.09.2014
Early Retirement Fear – What if you run out of money?

As I mentioned in my Early Retirement Recap, the last barrier to early retirement for most people is the fear of running out of money.  Actually, I’m sure everyone worries about running out of money whether they plan to retire early or late. The real problem for early retirees is that most retirement studies are based on a 15 to 25 year retirement. The earlier you retire, the longer you’ll spend in retirement and increase your risk of outliving your money. How do you assuage that fear so you can take the leap into early retirement? Let’s see if there […]

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My Early Retirement Journey Recap

06.06.2014
My Early Retirement Journey Recap

Recently, it dawned on me that Retire By 40 is a bit disorganized. It has been almost four years since I started writing, and that means there are a lot of blog posts.  A new reader can drop in and read a few articles, but it’s not easy to get the whole perspective on this early retirement journey that I’m on.  So I thought I’d put a recap together and add it to the Start Here page. That way a new reader can get up to speed before continuing on to other articles. Life is great when you’re young, isn’t […]

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