For those seeking FIRE, by those seeking FIRE
From Financial Muse …
I myself love the thought of retiring early and am actively working toward that goal. But to think that my goals are someone else’s as well would be stupid. Being true to yourself is one of the best goals to have in life.
Early retirement is not for everyone. And if it isn’t your deal, check out this complete listing of all posts instead and pick up some other financial tips & tricks.
3 Simple Reasons Why Early Retirement Is Not For Everyone – Financial Muse
From FIRE the 9 to 5 …
I was relatively late to the FIRE party compared to some of the blogs I read. When I discovered that there was a way to escape early from the corporate shackles, I was overjoyed. For a while, I would describe myself as almost drunk on this realization. I threw myself into it with giddy abandon and started counting down the days.
What I never imagined was how difficult it would become once the target is near, to decide when to pull the plug. Because as much as we use the maths of the 4% rule or compounding to determine a number, there are no set rules, no strict guidelines for what we will find acceptable as a standard of living and therefore what that number needs to be.
Life, Death and Getting Drunk on FIRE – FIREthe9to5
From The Finance Buff …
When I left my full-time job in April, I still earned enough to cover our expenses for the rest of the year. Next year will be the first full calendar year in which we will be 100% part-time self-employed.
Spending more than we make is quite a change from living below our means. Unlike others who are able to cover their expenses by a pension, a spouse’s job, self-employment, or real estate rental, maybe supplemented by spending some dividends, we will actually start withdrawing from our investments.
Easy Early Retirement Portfolio Withdrawals | The Finance Buff
From The Dragons on FIRE …
Given that we are 4 days apart in age, we had the privilege of going through our life milestones together: we graduated college, interviewed for jobs, and started working during the same time.
But when DGal retired in the summer of 2017, the symmetry of our lives changed. DGuy continued to work because he needs good health insurance as a leukemia survivor.
While the relationship might feel uneven when one spouse retires and the other doesn’t, there are still plenty of advantages to this set up.
When One Spouse Retires Early – The Dragons on FIRE
From Slowly Sipping Coffee …
We’ve realized that we don’t want to retire – we want a FFLC. It stands for Fully Funded Lifestyle Change!
In short, our current lifestyle sucks in regards to family time and free time. It’s great in that it allows us to save for the upcoming FFLC, however, there is SO much more we would both rather be doing with our lives than grinding away, day in – day out, for a corporation that will not notice one bit when we leave. Having 11-12 hour days from leaving the house until getting home 5 days a week just isn’t what I bargained for, or envisioned as “success!”.
Goodbye FIRE, hello FFLC!!! – Slowly Sipping Coffee
