When I was working at MegaCorp, we would do an exercise called “Sharks & Nets” to assess the risks of a big decision. “Sharks” were the big risks that could take the bite out of a big decision. “Nets” were the mitigation strategies that we would need to prepare ahead of time to stop each “Shark”. With that in mind, I used an AI tool … Continue reading Sharks & Nets – Vacation Home
We did it. In probably the biggest milestone we’ve had since retirement – we found and are buying a condominium in Celebration, Florida, outside of Walt Disney World. We had expressly agreed before we left Minnesota in January that we would NOT to look at real estate this year, but this place just clicked. The next thing you know – we’re signing an offer. Why … Continue reading Celebrating
This past Saturday marked an amazing 8 years since I told my boss I was quitting for a life of early retirement. As my wife often says, “the days & weeks are sometimes slow, but the months and years fly by.” Related: FIRE Milestones – Formal Resignation Notice This weekend, as I contemplated where those 8 years went, I thought about the many blessings that … Continue reading Eight Years Doubled
Our home state of Minnesota regularly shows up at the top of the list of states with the highest taxes in the USA. A few years ago, Kiplinger’s named Minnesota – not California or New York – as the country’s “Least Tax Friendly State”. As many Minnesotans have left the state for low taxes & warm weather in Florida, many have suggested we join them. … Continue reading Department of Residency
When I was a corporate officer at MegaCorp, you were expected to maintain a certain % of your annual salary in company stock. I forget the exact amount, but I think it was 2-3x your annual total compensation. It wasn’t too hard, given the company had been doing well and we all had stock grants and stock options. Still, as personal finance matriarch, Jane Bryant … Continue reading Looking At Returns Over Time
What’s the temperature down to just 10° F the other morning, I decided to try out mall walking. It seemed like the quintessential retiree activity on a cold winter morning. A friend was supposed to join me, but he texted me that morning to say that 9:30a was “too early” for him. 🙂 When I arrived at 9:30, the mall was still closed. It was … Continue reading Deck The Malls …
“You have maximized your retirement activities better than anyone I’ve ever met! It’s inspiring!” I shared pictures from my latest adventure online last week and a former MegaCorp colleague posted the nice response above. I do try to make the most of my early retirement time and share out my latest escapades – if for no other reason than to evangelize the benefits of FIRE. … Continue reading Quirky Up & Away
What kind of retiree doesn’t play golf? Me, I guess! Despite being the quintessential retiree sport, I’ve been playing less and less. I was in the garage yesterday and putting things away for winter. When I got to my golf clubs, I realized I hadn’t played at all this year. Not once! So many people retire to play golf, it’s surprising I am pulling the … Continue reading Out Of The Swing …
In the world of personal finance and saving for the future, there’s always a new trend that is said to be making waves. The latest one is called “soft saving” – I just heard about it. In “soft saving,” the traditional wisdom of working hard, saving diligently, and retiring early is being challenged by a generation that values experiences and personal growth over accumulating wealth. … Continue reading Soft Saving Approach
Debt is a four-letter word for anyone looking to retire early. In fact, it should be for everyone. Still, despite our relative prosperity, Americans are more in debt than ever. It looks like total consumer debt is 15% higher than it was before the pandemic. All of the stimulus money had only a temporary impact on debt levels … It’s one thing to be sitting … Continue reading Debt Getting Very Expensive
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