Regardless of your politics, you can’t help but notice the discussion around minimum wage that has been on the news over the last year. I won’t make this post political, but at the risk of great blogging danger, I wanted to share some information I researched (as part of my Sociology class) that describes who minimum wage workers are. Afterall, many people start their journey … Continue reading Minimum Wage Jobs – Worker Profile
On Sunday’s CBS 60 Minutes, they reported that 82% of likely voters are more disgusted than excited for the election. Regardless of your politics, neither candidate gets high marks for trustworthiness and there is a lack of confidence that the country is heading in the right direction. On this day before Election Day, I thought I would comment on the four key things that will … Continue reading What The New President and Congress Need To Address
Summer is over and I’m reflecting today on how quickly it seemed to go by. I thought time might slow down in early retirement, but it turns out that it feels about as quick as when I was working full time. While I certainly have more time, it still cruises by unexpectedly fast. The change of seasons seems to heighten the speed of life. I … Continue reading Time Cruises In Early Retirement
For today’s Mr.FireStation post, I decided to turn the space over to my 18 year old son who starts his freshman year of college on Wednesday. Just as MRS FireStation posted her perspective on our early retirement a few weeks ago, I thought it would be interesting to hear from the other member of our nuclear family. “What does your Dad do for a living?” … Continue reading “What Does Your Dad Do For A Living?”
I’m dying early, it seems. I didn’t realize it, but a recent Oregon State University study claims to show that people that retire early are “11% more likely” to die earlier than those that work past age 65. Perhaps reaching FIRE (financial independence and retiring early) is bad for my health? The 18 year long study (1992-2010) had ~2,500 participants and showed that 12% of … Continue reading Death by FIRE?
While we really love the house we live in right now, financially it certainly falls into the category of financial failures. When we designed and built it, we thought we were being really clever, but I don’t think we could get back for it today what we paid for it almost 7 years ago. Here’s the story – one of a series of financial failures … Continue reading Financial Failures On The Way To Early Retirement / House Value
Deciding to retire early, just before I turned 50, certainly makes me a bit counter-cultural in terms of expectations for how long one works. I have estimated before that only about 1 in 20 workers (5%) in the United States retire at 50, and the average age of retirement is sixty five. Since we are traveling right now in Japan (I am writing this on … Continue reading Changing Japanese View of Retirement
I read a few versions of this story online recently and thought I would share a cleaned-up version of it. It highlights both the incredible cost of small bad habits to our journey toward financial independence and retiring early (FIRE) and the self-righteousness that some “geniuses” apply to other people’s decisions – forgetting that personal finance starts with the word PERSONAL. The example here is … Continue reading Parable of Saving: Where’s Your Ferrari?
The question I hear the most after four full weeks of early retirement is “is every day just like a weekend now?” The answer is both a “yes” and “no”. I would say overall, Friday night, Saturday, and Sunday continue to hold their special status as the best days of the week. Weekends continue to be great because there is a lot happening around town … Continue reading Everyday Is Weekend In Early Retirement?
Last week I published a post that discussed the ‘honeymoon’ phase of retirement and included a chart on the phases of retirement (from Forbes.com, sourced to Dr. Sara Yogev). While I certainly feel like I’m in the honeymoon phase now – after just a few weeks away from the office – I went to the forums on Early-Retirement.org to see what some more ‘experienced’ early … Continue reading Never Ending Honeymoon?
