Yes – Mr & Mrs. FIRE Station have been very blessed to be able to retire more than a decade earlier than the average person, but it does come with an opportunity cost of 10+ years of income. While we are not living a “frugal” lifestyle, we are still making a choice to forgo the material benefits of working. Why do so? At this point of our lives, I think that TIME is the ultimate LUXURY and it shouldn’t be a stretch to make the most of all we have been so fortunate to receive.
Here is a link to an article about the classic study on the relationship between money and happiness by Nobel-prize winning economist Angus Deaton, who says that happiness tops out at about $75K / year of income.
Image Credit: MrFireStation.com, Pixabay