Tag: financial independence

Spend Less Than You Make

Historical Millionaires, Billionaires, and Trillionaires

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

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Have A Plan

How Long Can FIRE Last?

If you are like me, you sometimes see articles in the personal finance press about people who are very young – in their 30s and 40s – who have quit their jobs and declared themselves FIRE’d (financially independent & retired early). Recently, ABC’s Good Morning America ran this piece on a couple who retired very young and the ‘secret strategies’ they want to share with … Continue reading How Long Can FIRE Last?

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Spend Less Than You Make

Squirreling Away Savings

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

MrFireStation4 Comments
Have A Plan

How Early Is Early Retirement? (New Data)

It’s a basic question, but one that I have struggled to find any data on: how many people retire at what age?  I found a chart from a University of MN study a few years ago and ‘reverse engineered’ some data, but I knew that my math wasn’t very exact. Now I came across this chart / data from a helpful website called DQYDJ.com … … Continue reading How Early Is Early Retirement? (New Data)

MrFireStation4 Comments