The big financial goal that Sarah and I have in front of us is to reach a point where we can live off of the proceeds of our investments, allowing us to walk away from work.
In essence, that’s what retirement is. Between Social Security (which one can see as an investment built up over a lifetime of working) and additional retirement plans and pensions, people often live out their later years by using the proceeds of their earlier working years.
Our goal, however, is early retirement. We want to do it as quickly as possible. I thought it might be interesting to walk you through our game plan.
Why?
Why do we feel the need to do this?
Simply put, Sarah and I both feel called to do things with our life that don’t necessarily earn any sort of income. We both have some big dreams about volunteerism. I’d like to write novels (which is a pretty poor guarantee of income).
Welcome to Wise Bread's Best Money Tips Roundup!
This post comes from Sean T. Johnston at our partner site Zing!
Being a renter has its advantages. For the most part, you don’t need to concern yourself with costly indoor or outdoor maintenance. When your lease is up, you can just leave. You don’t have to worry about selling the property.
But as convenient as renting is, you are, in essence, paying someone else’s mortgage. While the responsibilities of being a homeowner are greater, so are the rewards. You can make whatever modifications you’d like without having to worry about a landlord. In addition, there are lots of tax deduction options available to homeowners that aren’t there for renters.
Farmers' market extremists will tell you to never set foot in a produce aisle again, while grocery loyalists will dismiss markets as overpriced and inconvenient indulgences. So who's right? (See also: 25 Things You Shouldn't Buy at the Grocery Store)
It turns out: both.
Link for teaser title:
http://www.wisebread.com/bestdeals/today
Frederick's of Hollywood bras for $10, KitchenAid Pro 450 Series 4.5-Quart Stand Mixer for $175, FREE GoPicnic...
Some people attract new friends and opportunities like a magnet. It's in their DNA. (See also: 12 Things You Need to Stop Doing Today to Be a Better Friend)
But likability can also be learned by about 90% of people, according to Rohit Bhargava, author of Likeonomics.
It’s a weird connection on the surface.
The more time I spend reading, the fewer books I buy or even think about buying.
The more time I spend actually playing games, the fewer games I buy or even think about buying.
This phenomenon repeats itself over and over again. When I pay more attention to an activity that I care about in my life, I tend to spend less money on it (to a certain point, of course).
(I’m going to use board games and books as examples for this post because they’re straightforward, but all of this could be true of any hobby that I’m deeply passionate about – or any hobby that you’re passionate about.)
I've seen a lot of reporting around juice cleanses lately. (See also: 10 Spa Treatments You Can Do at Home)
Not only is the science behind them tentative at best, but they are down-right expensive.
This article is by editor Linda Vergon.
This week, Phoenix, Arizona, had extreme flooding and, before that, Napa, California, experienced a 6.0-magnitude earthquake. Landslides, earthquakes, extreme heat, floods, hurricanes, severe weather, space weather, thunderstorms and lightning, tornadoes, tsunamis, volcanoes, and wildfires are just some of the natural disasters that can plague us in a given year. Yet “nearly 70 percent of Americans have not participated in a preparedness drill or exercise outside of fire drills at their place of work, school or home in the last two years,” according to Gwen Camp, director of FEMA’s Individual and Community Preparedness Division.
From time to time, we are all guilty of getting flustered by something. Or someone.
However, some people have this ability to keep calm under pressure, and remain patient almost all of the time.
The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. The purpose of this series is to help us all identify with people like us (in similar situations -- not all will be, of course, but eventually I'm sure you will find someone like you here), get to know the frequent commenters on the site, and hear some financial wisdom/challenges from people other than me.
If you're interested in contributing to this series, then drop me an email. The series seems to be very popular with readers and I need a steady stream of new ones to keep it going.
Welcome to Wise Bread's Best Money Tips Roundup!
Link for teaser title:
http://www.wisebread.com/bestdeals/today
Macy's Sale: Up to 50% off + extra 20% off, Women's Yoga Leggings 6-Pack for $20, LivingQuarters Eversoft...
Money, work, the economy, family responsibilities, personal relationships, and health are today's top triggers of stress, according to research by the American Psychological Association.
There was once a time when you could show up at the gate early, dressed nicely, and have a smiling attendant hand you a free upgrade to first class without even asking for it. Now, access to the front of the plane isn't as easy, and requires a bit more of a scientific approach.
Each year, I go to Gencon, a tabletop gaming convention in Indianapolis held every August. Among the major events are two that make it very tempting to open my wallet: a “dealer hall” where various game manufacturers show off their latest wares and an auction house where unusual items are auctioned off to the highest bidder (as well as some more common items that will often go for a very low price).
During my first two years there, I spent more money than I should have. There were many, many games and bargains there and I found myself opening my wallet much more often than I intended to.
Each year, after the convention, I’d try really hard to justify the spending to myself.
It’s just once a year.
It’s a special event.
You’ll enjoy all of the stuff.
Some of those items were major bargains!
You can make up for it by cutting back next month.
Machine laborers are on the rise with a record 14,135 robots ordered from North American robotics companies in the first half of 2014, an increase of 30% in units over the same period in 2013. Why hire robots instead of people?
This article is by staff writer Kristin Wong.
(This is Part III in a series about challenging traditional measures of financial success. Part I was The “Ivory Tower”: Reconsidering the college investment. Part II was Challenging traditional measures of financial success: Homeownership.)
It was the first semester of my first year of college. My friend and I were driving around our small town, looking for something to eat. But we didn’t have much money, so our options were limited. Chili’s sounded good, but neither of us could really afford it.
College students, corporate executives, and busy moms rely on multitasking to complete their long list of things to do each day. There are papers to read, emails to send, places to be, and much to be accomplished.
Bluetooth keyboards offer a great solution to one of the biggest problems that many smartphone and tablet owners have; it can be quite difficult and uncomfortable to type on these devices when using their on-screen keyboards.
Facebook
Become a fan
Twitter
Follow us
RSS
Subscribe