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Best of Early Retirement

How to Fund Your Early Retirement

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Early retirement sounds awesome, but how do you pay the bills? Many financial planners recommend saving 10% to 15% of your income for retirement. That standard plan should enable you to comfortably retire in your 60s, but it will be practically impossible to retire early. You will have to think outside of the box if […] Read More

Is Your Workplace a Super Chickens Experiment?

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Last week, I heard a fascinating TED talk by Margaret Heffernan: Forget the pecking order at work. The talk was chilling because it reminded me of my old workplace. Every year, like most workplaces, we had an annual review to give us feedback on how we’re doing. Based on the reviews, about 10% of the […] Read More

How to Stay the Course to Financial Independence

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The journey to financial independence can be a long one. Even if you save 50% of your income (pre-tax), it can take 15 to 20 years to finally achieve financial independence. This is a very long time to live frugally. And let’s face it; saving 50% of your income is living very frugally. Not many […] Read More

7 Ways to Achieve Financial Independence

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Financial Independence is the ultimate goal in personal finance. Financial independence means you can do whatever you want without having to worry about money. Work will be optional and you become a master of your destiny. Who wouldn't like that? It is a worthwhile goal to shoot for. Of course, most families have to take […] Read More

My Philosophy on Financial Independence

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 Later this week, I’ll fly down to San Diego to attend FinCon 2016, the world’s largest convention dedicated to financial content. I’ll be on the FIRE movement panel Thursday morning and I have a little homework to do. I have been asked to share my personal philosophy on Financial Independence. That’s actually kind of difficult […] Read More

25x Expenses Isn’t Enough for Early Retirement

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How much money do you really need to retire early? I’m sure every reader here has   asked that question at some point. The rule of thumb from the early retirement community is to accumulate 25x your annual expenses. This benchmark is derived from the 4% withdrawal rate. So if you have 25x your annual expenses, […] Read More

Will Early Retirement Make You Lazy?

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How do you motivate yourself from being lazy in retirement? That’s one of the questions I got last week from a reader who is pondering early retirement. It is a valid question. Laziness is one of the seven deadly sins after all. Nobody wants the lazy label. We were all taught to avoid laziness when […] Read More

{ 65 comments } A Little Active Income Goes a Long Way in Early Retirement

I have been retired for over 4 years and I love it. My low key lifestyle suits me perfectly. I don’t have to deal with a boss, coworkers, endless meetings, or rush hour traffic anymore. Life has been great and I don’t regret leaving my engineering career one bit. I haven’t quit working completely, though. […] Read More

Don’t Forget Inflation in Your Retirement Plan

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Last week, I was out and about running some errands and I stopped by a Chinese restaurant near our home to grab a take-out lunch. This place used to have the best lunch special in town because the food was good and they charged just $5.50. I guess I haven’t been there in a while […] Read More

Don’t Wait Until Retirement to Be Happy

{ 65 comments } Don’t Wait Until Retirement to be Happy

Last time, Adam and Jane gave us an update on their early retirement situation. Both of them have been ready to quit their job for a long time and they are just hanging on to shore up their personal savings. They were planning to work until they are 55 so their pensions will be fully […] Read More