Before I left MegaCorp last year, I had the chance to speak with a room of 20 of our newest MBA recruits who were in a leadership development program for the company. While I was wrapping up my career, most of them were just a few years into their career. I was giving them an update on a digital marketing initiative taking place across the … Continue reading “50% Rule” To Retire In 20 Years
My closet has a big hole in it. Last weekend, while getting home from a weekend trip, I noticed how many dress shirts I have clogging my closet. I decided it was a good time to go through my former work attire and “declutter” my wardrobe. While I did some major decluttering immediately after I retired, I didn’t really touch my work clothes. … Continue reading FIRE Station FUN – Decluttering Work Clothes
The Economic Policy Institute recently published some charts focusing on the state of retirement savings among working families in the United States today. I’m not sure what they determine exactly constitutes a ‘working family’ – since most Americans live in 1 or 2 member households – but assuming the definition is reasonably broad, the data was interesting. It showed the amount of retirement savings that … Continue reading Millionaire Status in FIRE – How Does Your Savings Stack Up?
Today would have been the 28th Anniversary of the start of my career at The Pillsbury Company in Minneapolis, back in 1989. I loved working for Pillsbury and became good friends with the Pillsbury Doughboy over the years. Instead of starting the day at 7am with a sprinkled, chocolate donut (a Mr. FireStation favorite) like I did back in 1989, I will be sleeping in … Continue reading Work Anniversary – How Are Our Retirement Savings Holding Up?
Last year, when I was just early retired a few weeks, I wrote this article describing the ‘honeymoon’ period of leaving work behind. I even shared a ‘5 Stages of Retirement’ academic framework that many already-retired readers immediately called B.S. on – complaining that the sudden feeling of freedom does NOT grow old and that the honeymoon of early retirement NEVER ends! These comments came … Continue reading Still On Our FIRE Honeymoon
We were discussing college kids and getting credit cards with some friends recently and I admit I am a bit hesitant to suggest to my son that he get a credit card. He has a debit card that works just fine for him, but I guess he is not building up a credit history that can contribute to a positive credit score. Given that … Continue reading Credit Scores – Must Everyone Have One?
We are in the car market again after two years with our current fleet. Our SUV has reached the point when it is starting to require quite a few repairs and as I have written before, vehicles are a budget item that I confess to being a guilty pleasure splurge. The SUV we will sell is a 2011 model with 114K miles. We have really … Continue reading Car Shopping Framework – 7 Principles That Guide Us
Rome is my favorite city in the world. It is truly the Eternal City in the sense that ancient, Renaissance, and Christian history are very alive in the city – at the same time that people go about their work-a-day needs in a very modern, metropolitan area. We have been to Rome twice and on each visit I have found the interwoven layers of history … Continue reading FIRE Travel – Eternal Rome
I love this wry quote. It describes a desire that is very human. Although I have never been much of a bridge burner myself, I think we can all relate to the vengeful appeal of breaking free of an authority with no plan to ever return. There is something about this emotion that runs deep in all of us. A satisfyingly potent cocktail of independence … Continue reading FIRE Station Fun – Burning Bridges
A few weeks ago, I wrote about the crazy financial situation of Alyssa Milano, the actress who has apparently lost all of the millions she made on TV and is in a lawsuit with her former accountant. I wrote that it surprises me how many celebrities, athletes, and musicians seem to waste the great fortunes that they have been able to earn through poor management … Continue reading Deferred Compensation & Savings – Bobby Bonilla
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