Taking A Leap Of Faith And Retiring On My Own Terms

Hawaiian SunsetTonight I do not have to set the alarm because tomorrow I do not have to go to work. After 13 years of climbing the corporate ladder, I finally reached the roof and discovered everything was as imagined.  A lot of sun with the occasional pigeon cooing out yonder. I can now see through the entire valley, down towards the ocean. I am officially retired!

Ever since my first job in 1999 I’ve been saving like a juggernaut so that one day I might retire early. I’ve definitely had my ups and downs with the internet bubble, housing bubble, financial sector meltdown, and now the European debt crisis. There were several times I wanted to quit due to the immense pressure. But despite all of this, I stuck through it and “The Nut” continued to grow to the level of self-sustainability.

When I first graduated from college, I was presented with two choices. Choice number one was to go to Shenzhen, China and become the head of operations for a family friend’s new eyeglass factory after two years of training. It wasn’t a sexy job, but I would be able to fulfill my goal of working abroad, becoming fluent in a second language, and riding the China boom. The idea was to get some work experience and then do something on my own in the wild, wild East. Just two years prior, I got a chance to experience China for the first time as an exchange student and loved it.

The second option was equally exciting, working for a powerhouse firm in New York City to get rich the old fashion way. I was told around 8,000 people globally applied for 60 spots and for some reason, I got one of them. Although I had nothing to lose by going to China, I decided to play it safe and stay in the United States.

Despite appreciating the past 13 years, I’ve always wondered what it would be like if I took the other route. Perhaps it’s the reason why I’ve traveled internationally every year since graduation.  Too bad we can’t live two concurrent lives! I’m an adventure seeker who moved around as a kid every two to four years thanks to my parents’ work. Staying in one place longer than five years was absolutely foreign to me.

After playing things conservatively for so long, I finally feel like now is the time to shake things up!


About two years ago (2010), I decided that perhaps maybe, just maybe there might be a sustainable entrepreneurial business for me online. The markets were rebounding from its slaughtering a year prior and traffic on this site continued to grow. Yakezie.com launched and a group of some of the most talented personal finance bloggers on the web banded together to share ideas, contacts, and leads.

Shortly thereafter, I had friends and other bloggers sending notes of thanks for giving them the motivation to quit their jobs.  It was surreal because many of us started with nothing the prior year.  Furthermore, I still had a day job!  There is a curse of making too much money because it prohibits you from pursuing other things.  If I was making under $100,000 a year from my day job, I’d probably have quit with no parachute two years ago.

The more money you make, the greater the opportunity cost for doing something else. I was beginning to feel stuck making a decent income at a job that was beginning to dull after so many consecutive years of doing the same thing. I knew I had to create a plan! With Financial Samurai, I discovered my various income streams, tracked my spending habits, learned about new investments, tested the housing market, and discovered new avenues after the private sector.  My site helps me learn and keeps me accountable, which is why I encourage all of you to start your own.

Given I’ve been saving about 70% of my after tax income for the past five years, I decided if I could create enough other income to equal 30% of my after tax income, I would retire. When I did that in 2011, I couldn’t pull the trigger because earning 30% of my day job income meant I wouldn’t save a single penny.  For someone who has saved for so long, and so regularly, not saving was out of the question. As a result, I set a target to earn 50% of my average day job income.

In early 2012 I achieved my 50% goal, but again, felt like leaving my job cold turkey was not the right decision. Instead, I needed one last push. A push that would make me shout for joy!


Over the past two years, I’ve helped a number of people engineer their layoffs and receive healthy severance packages in the process. With each assist, I felt a greater urge to follow suit.  Each person’s reason for leaving their job was different.  One was burnt out, another had just given birth and wanted to be a SAHM, while another wanted to follow her dreams as a full-time artist.

It was now my turn to put my advice to good use. I told myself that if I could negotiate a severance package after 11 years of work, I would sign the dotted line and commit to being a full-time entrepreneur. I was well aware of what a potential severance package could be for someone with my experience, and I was very excited to see if I could make it happen. After about a month of negotiations, I sealed the deal!

During the entire process, I took meticulous notes on the steps it took to get laid off. I wrote down the key players involved and did endless hours of research to understand my rights as an employee. I interviewed five friends from various industry backgrounds whom I helped layoff to recap their experiences. With all this information in hand, I began to write and write my first book until 42,000 words were formed. My team and I then edited the book down to 37,000 of the most impactful words in 16 chapters.

Writing the book was an incredibly rewarding experience. It has brought me closer with loved ones as we shared more of our life stories. The book also forced me to open up a personal side I’ve never written before in a couple important chapters. When we take a step back to reflect, everything becomes clearer. We remind ourselves that time is fleeting and we learn about who we really are and what we truly want to do. I’m very excited to interact with all of you after you’ve read the book and follow your journey as well!


Although I am happy for every person who tells me they quit their jobs, a part of me also cringes inside. My friends were leaving real money on the table to their employer’s delight. One buddy told me that the very next week after he quit his job of 10 years, his entire department got laid off with two weeks severance per year worked plus free health insurance for a year! What a painful mistake.

I am also afraid of what happens to my friends after they quit their jobs. Will they run out of money in six months? What if they can’t find another job in the industry they want? What if nobody believes in their entrepreneurial idea? What if they turn around and start blaming me for quitting their jobs and failing!  I had to write something that could provide concrete advice to reduce these probabilities.

Other people told me they didn’t want to get laid off because it might burn bridges and look bad if they apply for another job. That might be true if you do it wrong, but it is certainly NOT the case if you do it right! I was a manager and I cannot tell you how many times I wished an underperforming subordinate would come to me and ask to get laid off. I would even take a high performing subordinate if they approached me the right way because letting people go is difficult.

Cyclical industries are notorious for going through boom and bust cycles. There are also surveys after surveys that show how unsatisfied workers are in their jobs. If you spend your time off building a business, writing a book, or doing anything productive, nobody is going to look down on you if you decide to re-enter the work force.  Instead, they will be inspired and wish they could do the same! The problem is, I don’t hear many stories of people taking matters into their own hands and doing something about their situation! As a result, I know there are thousands of people out there who will find the book beneficial.

There are so many books about how to get a killer job, but there are no books about how to graciously leave your job and make a tidy sum in the process. People don’t realize their employees rights are incredibly powerful! For anybody who has ever felt trapped in their jobs, know that there is now a resource for you!


Develop Products: I will launch my book in the next week and share with you more details for those interested in doing something else with their lives. The book has been a two year process and has gone through over 30 revisions to make it as high quality as possible. I strongly believe the book will help everybody who is disgruntled with their jobs or simply looking to do something else. Unless you plan to work till death, there will be a backstop! I plan to write a series of books in different styles that promise to be edgy, helpful, and entertaining.

Update: I published How To Engineer Your Layoff: Make A Small Fortune By Saying Good-bye in mid 2012. The book has gone on to generate over $1,000 a month in passive income as more people look to find ways to negotiate a severance and leave a job they do not enjoy. For 2015, I’m finishing up another book that will be 170 pages long consisting of the best articles on FS. All proceeds after costs will go to charity. 

Financial Samurai: Due to my increased time I will increase the posting frequency by 30%-50%.  I plan to work with more personal finance clients, roll out new consulting services, build valuable content around my book, and be a little bit more open about my personal finances now that I’m no longer under Big Brother’s watch. Perhaps I’ll finally redesign the site after so many years. I will look into some commercial aspects of blogging as well given this will be my main source of income.  I’m looking forward to steering this ship in a slightly new direction by providing insights into entrepreneurship, financial self-sustainability, early retirement, and travel.

Update: Site was redesigned in January 2014, the site has grown to about one million pageviews a month, and content product has increased by 30-50% a week.

Extended Travel: Two weeks off at a time is the longest duration I’ve ever spent since 1999. I’m looking forward to taking three to four weeks off at a time in Hawaii, Lake Tahoe, and abroad with San Francisco as my home base. After taking six weeks off total a year for my last two years, I’ve discovered that my ideal amount of time off is somewhere around eight to ten weeks. It’s going to be a challenge hitting that mark! I say “challenge” because I really enjoy working and probably won’t be able to stay away too long.

Update: I took 10 weeks off in 2012 and another 10 weeks off in 2013 to see roughly 14 new countries in Europe. My favorite is Santorini, Greece and all over Mallorca. 10 weeks feels just right. 

Discover New Occupations: I’m going to look at retirement as an extended sabbatical to see if there are any good fits in other industries. Anything internet related seems like a natural extension. The problem I foresee is that although I’ve got my graduate degree and experience, I will probably have to start at a lower relative level if I want to get in. This is something I accept as part of my desire to do something new.  There are so many opportunities out there for all of us! We just have to look. My main issue is that after working for myself, I will never want to go back to working for someone else again!

Update: I’ve been able to pivot into consulting at several marketing departments of different financial technology companies since 11/2013. I’m currently an Advisor for Personal Capital (11/2013 – present), a content consultant for Motif Investing (since 12/2014), and an marketing advisor for Sliced Investing (1/2015). 

Go At My Own Pace: Part of being retired is finding a pace that feels most comfortable. It’s kind of like finding your steady body weight where you feel good, look good, but still get to stuff your face with hot fudge sundaes on occasion. I think my ideal routine is four hours of work, one and a half hours of exercise, and the rest of the time spent with family and friends. If not, I’ll adjust accordingly.

Reset To Zero: I’d like to completely rely on my entrepreneurial income to survive and ignore all the capital that has been accumulated since college. If ramen is all I can afford, ramen is all I will eat!  I don’t want to get comfortable living off my passive income streams because I fear laziness will eventually take hold. Instead, it’s more fun to be a bootstrapping entrepreneur who doesn’t know whether he’ll be able to pay all his monthly bills.  That way, I hope to keep the hunger going for as long as possible!

Update: My passive income has grown thanks to renting out my old home and buying a new one. There’s work to be done maintaining unruly tenants, but hopefully things work out for the best. Here’s my passive income update for 2015.


Retirement has always been about doing whatever I want, whenever I want without having much financial worry. I imagine retirement means the same for many of you as well. I was so tempted to pull the trigger these past several years and I’m glad I waited until now.

Please believe me when I say the sacrifice of studying like crazy, getting into work before the sun rises, leaving work after the sun sets, starting a venture in your spare time, going to school part-time, and always trying again after failure is well worth it!  Do it while you still have the energy!  Once the foundation is set, you will have the optionality to do whatever you please.

Always remember that hard work requires no skill. Thanks for all your support so far!

X FACTOR: Starting Your Own Site

It’s been around six years since I started Financial Samurai and I’m actually now earning a good passive income stream online. The top 1% of all posts on Financial Samurai generates 31% of all traffic. The average age of the top 1% posts is 2.3 years old. In other words, after putting in the hours to write some very meaty content over two years ago, 10 posts consistently generate a monthly recurring income stream that’s completely passive.

I never thought I’d be able to quit my job in 2012 just three years after starting Financial Samurai. But by starting one financial crisis day in 2009, Financial Samurai actually makes more than my entire passive income total that took 15 years to build. If you enjoy writing, connecting with people online, and enjoying more freedom, see how you can set up a WordPress blog in 15 minutes with BluehostIt’s cheap and easy to start. You never know where the adventure will take you!

Updated on 4/28/2015, three years since I left Corporate America. It’s been a blast, much less scary, and much more rewarding than I thought. Starting a business where you can leverage the internet is truly one of the best moves you can make if you’re thinking about going the entrepreneurial route. Startup costs are low thanks to all the advancements in technology. 



Sam started Financial Samurai in 2009 during the depths of the financial crisis as a way to make sense of chaos. After 13 years working on Wall Street, Sam decided to retire in 2012 to utilize everything he learned in business school to focus on online entrepreneurship. Sam focuses on helping readers build more income in real estate, investing, entrepreneurship, and alternative investments in order to achieve financial independence sooner, rather than later.

You can sign up to receive his articles via email or by RSS. Sam also sends out a private quarterly newsletter with information on where he's investing his money and more sensitive information.

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  1. says

    Congrats Sam!!! Way to go on starting such an exciting and adventurous new chapter in your life. You inspire so many of us and I’m glad to hear you are taking a leap of faith and following your dreams to be a full time entrepreneur. :)

    I plan to continue as a part time entrepreneur for a few more years as I keep building up my savings and my skill sets. Fortunately I am in a good spot with my day job right now so I’m happy to keep working lots of hours for now. It’ll be nice when I can travel more often though as there are still so many places I want to see. That’ll be sweet if you travel 8-10 weeks a year now that you’re retired!
    You’ll have to give me tips on the best places to go see.

    And I am so excited about your book launch too. What an incredible accomplishment! As a blogger, I give you mad props for writing a book of that length. Phew I can’t imagine how much work it takes to create a book. I’m glad you decided to go the self publishing route! Congrats again!

  2. David M says

    Congratulations Sam!

    Seems like you might be working harder in “retirement” than most “working people” work!

    Enjoy your new freedom!!!

      • Hiro says

        Even 50% is a generous percentage.

        Congrats Sam!! I thought my goal of retiring after working 15 years was aggressive but you just proved me wrong. I’ve only worked for 6 years..still a long way to go.

    • says

      David M: The difference between “working harder” after retirement than in the job is as Sam said: most people don’t spend most of their time at jobs actually working. It’s all about keeping up appearances and “looking busy.”

      But when you’re doing something you’re truly passionate about…… :)

  3. says

    Congrats on getting out of the rat race early. I really enjoy reading your site and I’m looking forward to reading more about where your new path in life takes you.

  4. says

    Congratulations Sam. Now the adventure begins! Retirement means the luxury of time which is the most important you will ever have. You will have the time to think about things you read, see or experience. Use it well because before you know it it is gone.

    • says

      Time is something I think about all the time. Just yesterday I was in my 20’s, and now I’m in my mid 30’s. Before I know it, I’ll be in my mid 40’s, and it just keeps going faster and faster and faster.

      I want to use time as wisely as possible!

  5. says

    Congratulations! I’ll continue to follow you on your “quest” for independent fulfillment. Please do tell, though, do you have a great health insurance plan? I wouldn’t want a health incident to drive you back into the commercial work force.

  6. Moola Mind says

    I’ve been living off of passive income for a few years now and have been doing my own entrepreneurial ventures. I think you said it right when you said it will be tough to actually vacation as much as you’d like because you enjoy work so much! I love working on my projects and finding new ventures, and it makes it hard to stop. It’s truly an addiction. Thanks for the read. It’s always nice to be reinvigorated with stories like this.

  7. says

    Congrats Sam!
    Your story is not only amazing, but is inspirational to all of us. I’m glad you decided to pursue your dream of becoming an entrepreneur. A goal that many strive, yet don’t reach. Being in the workforce FT for the past 8 years, I’m nowhere near your goal, but I’m happy where I’m in life right now. Both my online/offline businesses have seen continued growth, and my FT job keeps me busy, including a successful recent salary/bonus negotiation, plus I’m finally going to get the corner office with a window (move should happen within the next 1-2 weeks). I’m stoked!!

    Your sacrifice has definitely paid off. All the early times at work, studying, starting a side-business w/FT job, and the ability to get up after getting knocked down has finally paid off. I’m so happy for you, and definitely deserve it.

    Next time I purchase the 2013 Edition of Webster’s Dictionary, next to the word ‘Determination’, there will be a logo of FS with the initials S.D. – San Francisco.

    Congrats Sam, and wish you nothing but the very best in your new journey.

    • says

      Congrats on getting the corner office! Progress in one’s career is definitely a very rewarding and exciting experience. I basically topped out after 10 years and did the same work for the next three years until I decided to do something new.

      Thanks for your support and it’s going to be fun to see where things go. I will definitely write about my fears, elations, and other things I learn in this journey like how I wrote about my sabbatical.


  8. Carol says

    Congrats! That’s amazing, and I am proud of you for taking the leap. Looking forward to reading more of your adventures (which I think will be multiplied..) in retirement!

  9. says

    Congrats! I am one of those who started from a scratch once, leaving behind a great career, my home country, and coming to the US with $200 in my pocket. I know the journey was not easy but so worth it. In your case, you are starting on a different path, but at least this path is well paved. :) I wish you all the best and I can’t wait to read your book. I am excited for you, Sam!

    • says

      Starting with little to nothing makes the triumph that much sweeter doesn’t it? Bring on the water and ramen noodles I say! At least it will help me keep the weight off! :)

      Thx for your support!

  10. says

    Congrats on pulling off the plan! Be sure to tag your posts with the location you are writing from – I, for one, am interested!

      • David M says

        Scandinavia – boy do I have great memories of my time there. I lived off bread and cheese or bread and nutella for 2 weeks – what great memories!!!!!!

        Scandinavia is expensive but well worth every, Krona, etc.

      • says

        Well, I’m a plurality Finnish and the wife is Norwegian. I suppose that guarantees we bless the trip. Bring some Nisu back, and Pidä hauskaa!

  11. says

    Congratulations, Sam! I feel like I missed something – I had no idea you were making this move so soon. I can’t wait to read your book and see where the journey takes you! Welcome to the glorious world of self-employment. :)

    • says

      Thanks Andrea. Perhaps I could have taken one more year to execute my plan, but I felt after two years of planning, saving, and formulating, now is as good a time as ever to execute!

      I was pleasantly surprised on the upside regarding leaving my job and its financial benefits so I was determined to write a book to help expound its benefits, especially for those who were already planning on making a change!

      Thx for the support!

  12. says

    Congrats, Sam! I’m excited to read the book and also to follow along on your new adventure. Like Andrea said, I’m surprised by how fast this seems but I guess when you look at it, you have actually be planning for a very long time. Good luck!

    • says

      Thanks Hank! That is the one thing I’ve noticed… how quickly everything moves, and how much we can do in a relatively short period of time!

      I remember the day I started grad school and the day of graduation. I couldn’t believe it. The three year grad school part-time duration feels pretty similar to the FS three year history.

  13. Kevin says

    Hi Sam,
    I am a new reader. I happened to see your comments on my brother’s site, lifeandmyfinances.com. Congratulations on your success. I am new to the blogging world – about a year into it. My day job is gratifying, but time consuming, so I haven’t been able to really get a good grasp on all the possibilities of blogging.
    You are an inspiration!
    Blessings on your continued adventures.

    • says

      Hi Kevin, welcome to my site! Pretty cool both of you guys are blogging. Are you as tall as Derek? Can’t believe he is 6’8″! Will have to check out your site too. Thx

  14. says

    Sam, what great news. It’s no surprise you were able to make this happen – you are very good at what you do and I wish you nothing but the best in your future endeavors. I still remember a phone call with you 2 1/2 years ago when I first started building my website and trying to build a community like you were. I failed, but will always remember that you were willing to talk to me and respond to my questions. Thank you.

    • says

      It’s kinda crazy how quickly time flies huh Jeremy? I remember that phone call as well and appreciate your help in a technical issue that I’ve now forgotten!

      It’s tough in the beginning but it gets better over time. Just needs pushing through the dip as they say!

  15. says

    You are going to rock, Sam! I’ve taken sabbatical before for about three years. I built a business and sold it in late 2008 within few years. It was not difficult for me to get work even at the height of the financial crisis. As you’ve said, employers are willing to give you work if they see that you took risk to go on your own. You’ve inspired me again to take sabbatical probably in next few years.

      • says

        I was fortunate to profit from two major deals. 1) I purchased 1 100 rooms Comfort Inn from the bank, remodeled and sold it for a 500K profit. I can’t believe that I sold it while Lehman was collapsing. In fact, buyer wanted to walk away from the deal, so to entice him I gave him 30K at the closing. 2) I built a hotel consortium for mid scale hotels for hotel supplies and services. I made hefty profit by selling that business as well. Overall, 2008 was the best year for me. I was lucky..

        • says

          Nice! $500,000 is a good profit. Is that short term or longer term capital gains tax? How often does this type of profit occur? Would be awesome if it was every year or so!

        • says

          I didn’t pay a dime in taxes. I used 1031 exchange to invest capital into other commercial real estate and deferred taxes. 1031 exchange is an optional way to defer capital gains tax on an investment property that is considered “like kind” and the definition of like kind is rather broad.
          Of course, this doesn’t happen every year. :)

  16. Barry says

    First off, HUGE CONGRATS…good for you!

    But second, I have to disagree with a little bit of this. Maybe it’s me, but I don’t consider retirement owning and operating multiple businesses. Sure, you have cut your ties to the corporate 9-5 (yay!) but I don’t think this can be considered retirement. You’re obviously a hard worker and will continue to work, hard. That’s an occupation change, not retirement.

    • says

      No argument here Barry. The biggest joy for me is doing what I want, when I want. Money is just a by product. I’ve always endeavored to just do what I enjoy, and the financial aspect has turned out well.

      If I didn’t have an online business, and told you that I was just going to travel and play golf all day and live off my passive income, what that be better for your retirement definition?

    • says

      Will do! And thanks for really criticizing my article on “How To Retire Early And Never Have To Work Again!” It gave me some good motivation to prove that it can be done.

      I always enjoying reading your business update posts.

  17. says

    Congratulations Sam! I wouldn’t normally advice anyone to just follow their dreams and quit their day job …because only the person knows what he or she is capable of! But from reading your posts you do seem like a cautious, level headed person and I’m sure you’ve considered all possibilities.

    All the very best! Hope your post-retirement story will be an inspiration to all! (I’m sure it will be!)

  18. says

    Wow – that is awesome. Like Andrea, I thought it was going to be a few more months from some of your earlier indications. Either way – congrats! I can’t wait to see what “self-employed sam” can do with more free time and even more determination. Let me know if I can help in any way.

  19. Darwin's Money says

    Congrats on the big move! Can’t wait to hear all the details and what the future holds!

  20. says

    Congrats Sam! It is always exciting for me to see someone who I have followed for so long doing exactly what he or she wants.

    Did you get any push back from people in your real life?

    • says

      Thanks Evan. It’s been a fun journey. Lot’s of late nights, but worth it!

      Family and friends have been very supportive. We’ve been talking about it for a couple years so we were all prepared. My parents have always encouraged me to do whatever I felt was best. They know my income buffers, which gives them comfort I won’t be starving.

  21. Bret @ Hope to Prosper says

    Huge Congrats Sam.

    I am mega jealous, because I am still quite a ways away from my early retirement. I am hoping to free myself within the next 5-10 years.

  22. Lisa says

    Congratulations on your new phase in life. I’ve gotten some good food for thought from your blog and it’s been interesting to see the evolution of this site over the past couple years. Looks like you have a full plate of activities and I’m looking forward to reading more.

  23. says

    Sam, you seem like such a high flyer and I’m not in your league but it’s on my “to-do” list to hit my goals too…sometime before I die – LOL!
    Wish you all the best and time does fly….only yesterday I wa sin my 30’s!! Perseverance is my problem as I’m a changer. I love change and the uncertainity it brings. It’s hard for me to stay stuck in perserverance mode alone….feels like monotony!

    • says

      Lower flyer I am, Lucille! I love flying under the radar. I really don’t need much to be happy. I want to do my own stuff before I die, and I KNOW time accelerates the older we get. Thanks for your well wishes!

  24. Chris says

    Sam, does your book disclose how you were able to save that much every year out of curiosity?
    You know, did you eradicate cable, lower heat and/or A/C, or just go without them? Did you just eat Raaman noodles for the last 13 years?

    In any case, you deserve a big high-5 for accomplishing your goal and retiring or semi-retiring as it were. :-)

    • says

      Hi Chris, I provide a detailed savings chart and how much I was going to make this year before deciding to engineer my layoff. You can find the whole story in Chapter 13, but read the chapters in order first OK? :)

      I have cable, AC, and love crab garlic infused ramen noodles! I also have a couple tennis rackets, shoes, and a really sweet car named Moose which is now 12 years old!

      • Chris says

        I have to LOL Sam, because some of the people I talk to say “Didn’t you just get electricity in your area last week”, because of how rural the area is that I live in.

        As for the older vehicles, we “enjoy” them as well. Our van is now on her 8th year, and my car is on it’s 6th year. That’s after getting rid of our previous vehicles that were 13 & 15 years respectively.

        Where’s a link for the book at anyway?

        • says

          Two vehicles? You are a baller! I wish I could have two, but alas, my garage in SF is not big enough.

          On the book? Soon! Check back manana. I passed out last night watching Game of Thrones on DVD.

  25. says

    Congratulations. How exciting!! Wow you really are amazing. I don’t know if I have ever met anyone else who can be as inspiring and motivating as you. You really can prevail and you have up to now so just keep going. Time flies especially when you are distracted with new things. You are an amazing writer and really know how to reach people. I wish you all the best!!

    • says

      Thanks Miss T, you are too kind. I’m sure you have met many other people more motivating and inspiring than me!

      And thank you for your generous $100 contribution to the Yakezie Writing Contest! I’m announcing the winners tomorrow.

      Thanks again!

  26. says

    WoW. You achieved your financial independence! Congratulations!!

    I have been working since I am 13 and not nearly ready to retire ; -)

    Beautifully written post : -) What is your current net worth?

  27. says

    Congratulations! And here I thought you were unconvinced of MMM’s story! I’m curious to hear about your extended travels and what you end up doing in retirement. Maybe this will be my story in another 10 years of saving 60+% of my net income.

    I hear you on the curse of making too much money in your day job. That makes me reluctant to try anything outside of my day job. Getting a raise or larger bonuses is almost worth more than what I could earn outside of my day job.

    I’m curious about the part where you talk about engineering your layoff, particularly: “I would even take a high performing subordinate if they approached me the right way because letting people go is difficult.” Why exactly would you prefer to layoff a high performing employee than to let them quit on their own accord? In case they go rogue before they quit?

    • says

      Thanks Leigh. Whenever I do something, I really do my best to see the other side of the equation. The Dark Side To Early Retirement is my attempt to do that. I received a wonderful amount of backlash which I took into consideration. Namely:

      * A lot of insecurity
      * A lot of second guessing
      * A need to justify why they retired
      * A lot of hiding e.g. “I quit” where in reality, it was a layoff or firing
      * etc

      I’m not a proponent of retiring before one maximizes their potential. I think you’ll love the bok because I go into your question in a good amount of detail.

  28. says

    Congratulations, Sam! I know you’ve had a plan to retire early for quite some time and it’s terrific that you’ve done it – it’s very inspirational!

    I’m looking forward to your book and can’t wait to see what projects are on the horizon for you. I might be in need of your “new” services soon. ;)

    • says

      Thanks Jennifer! Oh the temptation to go sit on a beach and drink mai tais all day! ha. I wrote the book so that it can really be a resource that one can keep going back to in order to profitably quit their jobs. Let me know after you’re done!

  29. says

    Congratulation! I knew this day was coming soon for you. I was telling a few people at WDS yesterday that I’m pretty sure Sam will pull the chord soon. :) I couldn’t attend so I just dropped by to say hi. I wish you the best for the book. It sounds like it could be a great success because that’s a specialized niche. Have you approach any publisher?
    This mean you can make it to FinCon in Denver right?

  30. says

    Congrats! Looks that things are taking off but as usual with you Sam else would one expect. You rare state something and don’t put it to action. Mid 30’s with that much saved and now on to doing things your way sound fantastic. I seem to have so much further to go. So wish I would have started down this track in my early 20’s.

    • says

      Thanks Thomas. If you were beaten up as much as I was at age 22-23 in my first job (Chapter 13), you would have saved liked crazy as well!

      I really enjoy executing. Succeed or fail, I will execute the plan and reassess.

  31. says

    Sam congrats! I know you’ll excel in this new phase of your life. You’ve busted your butt so you could retire and do things on your own terms. Look forward to following along!

  32. says

    Congrats Sam, What a great accomplishment. I couldn’t agree more that working for yourself is the way to go. The efforts we make are multiplied 10 times over when we are working for ourselves.

    • says

      It’s true. I can work 5 hours straight on my own stuff without getting up to drink, pee, or eat. At work, I can go for probably 1.5 hours before I need to walk around. It’s interesting to notice the difference!

  33. says

    Huge congrats on this major milestone! You are a living example of what many of us are trying to work toward. I am excited to see all that FS and the Yakezie will become with your full time attention, or two full times considering what you were doing before was already full time.

    Excited to see you in September for an in-person progress report.

    • says

      Thanks Eric! I need to hire someone to revamp Yakezie.com and squash all the bugs. I was hoping one person would, but she’s having some personal issues and has been gone for months. Hopefully she will return!

      I don’t think MUCH is going to change on FS. Just more content and better ways to be more commercial without being too commercial.

      • says

        I know that situation with the Yakezie.com stuff. Anyone else in the Yakezie that has that skill set in mind? If not, could always look to the FinCon community or chat with the developers behind Wise Bread.

  34. libby says

    Congratulations!! I can’t wait for the increased number of articles we will be getting. I wish you the best! I am sure you will do great, you seem to have everything under control. :D

  35. BE @ BusyExecutiveMoneyBlog says

    Sam….well done indeed. Have you considered lecturing at the college level? The advice you have for that age group is beyond valuable.


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