We are blessed to be able to live a comfortable lifestyle in early retirement, by almost anyone’s standards. Our son thinks we are sometimes too frugal, but we’ve enjoyed many vacations, entertainment experiences, and everyday luxuries over the last 4 years. In general, our spending is still in line or even slightly below what we planned for our FIRE escape. Still, like most people, we … Continue reading What Are You Wasting Money on?
Our son signed up for his company 401k plan as quickly as he could after starting work last month. The company has a good match, but he wants to make sure he is saving as much as he can to really put himself ahead in the future. He wondered how much more he needed to save – beyond the 401k to really be on track … Continue reading Playing The Percentages For Savings
June is typically the month of weddings, but the CV-19 pandemic has largely eliminated the big, traditional wedding. We were planning on attending a couple weddings this summer, but they have both been converted to small, family-only affairs. Such is 2020. Perhaps it is all for the best when it comes to the cost of hosting a big wedding. The analysis I did a few … Continue reading Small Wedding Sensibility?
We had a frosty beverage with an old friend recently that we had not seen since before I stopped working 4 years ago. He was astounded that I had retired early and asked if we had made any lucrative investments to make it happen. I told him that our investment strategy had been pretty vanilla – simple index funds in our 401ks and after-tax brokerage … Continue reading Keep Savings Simple
It’s been a few years since I lamented recurring payment schemes that many companies advance now a days. When I first wrote about this, I had five different subscription-based purchases … Link: The Ongoing Drip of Subscription Purchases My goal at the time was to trim some of them back. Who needs so many, anyway? Of course, the road to hell is paved with good … Continue reading Drip Payments Gradually Accelerate
I hope everyone enjoyed their Thanksgiving yesterday! We had turkey and watched some football at my brother & sister-in-law’s nearby house with our broader family. Wonderful day. When we were there, we got into the annual conversation about the Thanksgiving turkey, how much it weighed, and how much it cost this year. It got me thinking that most people do not probably realize what an … Continue reading Turkey Economics
When we first reached ‘millionaire status’ I was pretty excited. As I wrote later, while our inflationary world doesn’t mean we live like Rockefellers, Vanderbilts, or other millionaires of old, it still put us in the top 0.56% of the world, in terms of wealth. Related: FIRE Milestones – Reaching Millionaire Status I hope it’s not too crass to compare oneself to see where one … Continue reading Historical Millionaires, Billionaires, and Trillionaires
Squirrels have it figured out. This time of year, they are scurrying around the woods behind our house collecting nuts and SAVING them for the future. Winter in Minnesota – where we live – is long and only the good savers will make it through. The same is true for retirement savers. The ones that save diligently will enjoy a financially worry-free retirement. It is … Continue reading Squirreling Away Savings
I have to admit that I wasn’t interested in buying anything on Amazon’s Prime Day, until I saw the highlights of the deals they have. Now there are all kinds of things that seem interesting to me for the big ‘Christmas in July’ sale. Related: Amazon Prime Day Deals Even though we are on vacation, I might take a break from the California sunshine and … Continue reading Prime Deals on Prime Days?
Our son is working at a software development company this summer. It’s his first professional job and he has one more year of college before he is finished with his computer science degree. We took him out for dinner last night and asked him what he was doing for lunch each day. He said most people in his group go out for lunch every day, … Continue reading Does It Really Pay To Be Frugal For Coffee/Lunch?