Do you know what is really hard? Deciding to walk away from a whole lot of money in your prime. If you decide to retire early or take a lower-paying job out of joy, you must accept the death of your maximum money potential. Over the years, many readers looking to retire early or do
Overcoming The Downer Of No Longer Making Maximum Money Read More »
There are some people who think that achieving financial independence before 60 is only for people with high incomes. I strongly disagree. You can still achieve financial independence sooner on a modest income. A modest income is defined as +/- 25% of the median household income in America, which is roughly $80,000. In other words,
Achieving Financial Independence On A Modest Income: $40,000 In Manhattan Read More »
If you’re thinking about retiring early, let me share some of the surprising benefits of early retirement I never anticipated. I retired in 2012 at age 34 and haven’t had a day job since. I thought long and hard for a year about retiring early, trying to forecast all the various scenarios. In fact, I
The Surprising Benefits Of Early Retirement I Never Anticipated Read More »
Early retirement sounds great and it is great for the most part. I helped kickstart the modern-day FIRE movement in 2009, when I started Financial Samurai. But there are negatives of early retirement life that also needs to be discussed because goodness knows FIRE isn’t all sunshine and rainbows. After writing about my plans to
The Negatives Of Early Retirement Life Nobody Likes Talking About Read More »
Quiet quitting is taking the younger generation by storm. The idea behind “quiet quitting” is to do no more than what’s asked of you at work and then check out. Once you’re out of the office, there’s no more responding to work e-mails, slack, nada. A quiet quitter does not go above and beyond the
Quiet Quitting Is Wonderful For Financial Freedom Seekers And Parents Read More »
In February 2012, I decided to negotiate a severance to break free from corporate life. By mid-June 2012, I had received a severance check and the last of my three months of WARN Act pay. More than thirteen years of fake retirement later, I want to share with you some of my biggest takeaways. Overall,
10+ Years Of Fake Retirement Later: The Most Important Takeaways Read More »
Some people who critique my various budget charts are annoyed I list retirement contributions and investments as expenses. Therefore, I thought I’d explain my logic in this post. Once you start treating your retirement contributions and investments as expenses, you will begin to build much more wealth than the average person. And once you build
Treat All Investments As Expenses If You Want To Grow Richer Read More »
To feel rich consistently is even better than actually being rich. In fact, learning how to feel rich might be the biggest wealth hack of them all. Once you got that rich feeling, you don’t need to work as hard to achieve a net worth you think is required to be wealthy. Nor do you
How To Feel Rich Even If You Can’t Get Rich Read More »
Everybody wants to be considered wealthy. But how big of a net worth is required to be considered wealthy or rich in some of the biggest cities in America? Charles Schwab’s annual Modern Wealth Survey shares its insights for 2022. In the U.S. overall, the survey says it takes a net worth of $2.2 million
Net Worth Required To Be Considered Wealthy In Various Cities Read More »
After sharing how one man retired at age 41 with a household net worth of $4 million, I thought it would be good to share another story about early retirement from a completely different situation. This story comes from money trauma and how it is being conquered. One of the complaints about the $4 million
Overcoming Money Trauma: Why I Retired To Taiwan With Only $600,000 Read More »
