goals and milestones

A Little Active Income Goes A Long Way In Early Retirement

passive income crossover point

Generating enough passive income to cover the cost of living is the holy grail of early retirement. However, it’s quite difficult to amass that big lump sum to generate enough passive income to live on. People spend more money as they get raises so they need more and more income every year. Early retirement offers a way out of this cycle by forcing us to examine how we make and spend money. While passive income is good, you’ll most likely have to get creative if you want to retire by 40. Most people won’t be able to generate enough passive […]

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Happy New Year! 2014

Happy New Year!

Happy New Year Everyone! I hope everyone had a great time on New Year’s Eve. We are all still trying to recover from the flu and didn’t do much yesterday. Anyway, it’s going to be a short one today so everyone can get back to their day off. I just want to thank everyone for reading Retire by 40 and making 2013 such a successful year for us. The last couple of weeks had been quite eventful. NPR appearance I was on NPR’s Marketplace Money last weekend! Check out the 3 minute segment about my 2013 New Year resolutions if […]

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Reflection and 2014 New Year Resolutions

reflection and 2014 New Year Resolutions Goals How to set and achieve goals

Whew, 2013 is almost over. This year was quite a big year for us. I turned 40 and 2013 was the first full calendar year that I didn’t have a full time job. Last week, I read What went well this year? What Didn’t? at Budgets Are Sexy and I thought that’s a great idea. I should reflect on how things went this year and also set new goals for 2014. What went well this year? Overall Finance. As I mentioned above, this is the first full year without a regular income for me. (Mrs. RB40 is still working full time.) We […]

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Christmas Bucket List

Christmas Bucket List

Merry Christmas! I hope you are spending quality time with family and friends this holiday. We are hunkering down at home this Christmas and will call everyone on the phone or Skype. We already went down to see families a couple of weeks ago so we don’t have to travel this holidays. This year I’m starting a new Christmas tradition – the Christmas Bucket List! I turned 40 this year and nothing makes you feel the passage of time like the big Four-O. I don’t want to wake up at 80 and start a bucket list. It will be too late […]

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