Save To Retire Early Even If You Won’t

I listened to a good bit of the James Comey hearing last week.  I don’t follow politics closely but Mr. Ms. Liz does so it was on the TV while I was working.

I kept wondering–does he have F U money?

We haven’t talked about F U money before because I find it to be a bit vulgar and I know some of my readers are sensitive to such things.  But I haven’t found a better way to express this concept.

Jim Collins, one of my personal finance heroes, coined the term.  If you haven’t read his stock series yet, do it right after you finish this insightful post :).

Does James Comey have enough money to move on to something else without worrying about how he will keep his family afloat during the interim?  He’s 56, could he retire? Continue reading “Save To Retire Early Even If You Won’t”

Reflections On My First Year of Retirement

I’ve been retired a year–it’s crazy how fast it has gone!  It makes me better understand a line Gretchen Rubin often quotes “The days are long but the years are short”.

I hope you’re not disappointed but I’m not issuing a report card like I did for my first four months of retirement.

Mainly because my grade would go down and I’m a gold star junkie.

Not because I’m not loving this retirement thing but because retirement has turned into more of a vacation than something I can grade myself on.

I feel like this first year has been a detox.

I’ve allowed myself to be far less productive than I expected I would. Continue reading “Reflections On My First Year of Retirement”

The Easy Way To Fund Your Dreams

What do you dream of?

Traveling? Buying a home? Staying home with your kids? Taking time off? Sending your kid to college? Retiring someday or even early? Buying a camper and heading for the open road?

Don’t know what your dream is?  Read this and figure it out!

Unfortunately, few dreams are free.  If you want to pursue your dream, you’ll probably need to save some money.

It may seem really hard to eek out savings from each paycheck.

But I promise it will only get easier!

As long as you’re not spending more than you make, you don’t even have to reduce your spending.  IF you’re spending more than you make, sorry, but you have to get yourself on track.  Cut, cut, cut and earn, earn, earn until you’re not living beyond your means.

You just need to commit to keep your spending where it is. Continue reading “The Easy Way To Fund Your Dreams”

My Visit With Warren Buffett

The typical investor has no business investing in individual stocks.  Most of my investments are in Vanguard index funds–VTSAX is my favorite.  Until recently, I owned only two individual stocks.  I also own some managed funds (which carry higher fees) but I would move all of my investments to VTSAX if I could do it without paying taxes on my gains.  You can learn more about my investment philosophy here.

A few months ago I broke one of my cardinal rules. I bought another individual stock–BRK–Berkshire Hathaway.  I bought it only because I wanted to go to the annual meeting and see Warren Buffett (world’s 2nd richest person) and his partner, Charlie Munger talk about investing and life.  A trip to Omaha doesn’t sound all that exciting but this annual meeting is a real spectacle–more about that later. Continue reading “My Visit With Warren Buffett”

How Can Money Buy Your Happiness?

I’m reading the book Happy Money. It is helping me understand how we can use money to create happiness in our lives.  It’s an easy read–follow the link above to buy it on Amazon (and I’ll receive a small commission) or look for it in your library.

The research on how money makes us happy is super interesting and not always intuitive.

I always thought the more money I made, the happier I would be.  It seems like life would just get easier.  But the research shows that once you make $75,000 a year, you don’t get happier with more income.  I’m sure this number varies based on the cost of living in your area but once you reach that amount, your happiness doesn’t rise. Continue reading “How Can Money Buy Your Happiness?”

Little Decisions Help You Reach Your Dreams

It is hard to set money aside for your future.  Damn hard.

Especially when you are surrounded by people who spend money like it never runs out.

I hated being the one saying I couldn’t do something because I didn’t have the money.  Really I had the money but I didn’t have the budget.  So then I started saying those things weren’t in my budget.

But it got easier–people got used to us being more frugal and adjusted to it or they sort of slipped out of our lives. Continue reading “Little Decisions Help You Reach Your Dreams”

What Is Weighing You Down?

I wrote this a couple months ago–I wish we had 10″ of snow today, that would be super fun.  I woke up this morning thinking about what was weighing me down and decided to put this out into the world.

We were blanketed by 10″ of snow today.  We live 30 minutes from world class ski areas but are in a banana belt where we get much less snow and big storms like this are not that common.  After shoveling the driveway, we grabbed some friends and went cross country skiing on our local golf course.

It was warm and the snow was wet; it was sticking to the middle part of my ski.  It’s pretty hard to glide on a ski when you have a heavy lump of snow underfoot.

This is how life is.  In life, we can’t get where we want when something is weighing us down.  I came up with several ways to get rid of the snow.  Each sort of worked but none worked great. Continue reading “What Is Weighing You Down?”

Yikes–I Went Back To Work!

Almost universally, when I talk about being retired, people say “but you’ll go back to work someday–right?”  I’ve been asking some close friends about this.  Why are people trying so hard to un-retire me?  Are people more comfortable with me if I have a lifestyle similar to theirs?  Well, I guess I’m going to make those folks a bit more comfortable.

I’m adding a word to my title–I’m now Semi-Retired.  I’m an accidental Semi-Retiree.

I guess I’ve been a Semi-Retiree since I started this blog in July.  The blog is work–right?  But I made $20 on the blog last year, and I spent over $3,000.  Most of it was to attend a financial bloggers conference (yep, that exists).  But over $600 was for hosting and software.  So I guess this blog is the worst part-time job ever–but I love it.  And my readership is growing and someday it may make a few dollars (in case the IRS is reading this). Continue reading “Yikes–I Went Back To Work!”

Time is the Ultimate Limited Resource

I just had a huge, kick-ass reminder that we are not in charge.

Our community lost a friend, a leader, really the belle of the ball on Monday.  Julie was 48 years old, she had a husband and three beautiful, amazing and talented children.  She lived a stones throw from me.  She led a sister company to the one I retired from.  The email from her boss said “we lost our Julie”.

I was friends with her but not in her inner circle.  Her inner circle was strong and deep.  She drew such nice friends to her–gals who really have each other’s backs.  She hosted many of their gatherings at her home and loved the chaos of many people, lots of kids and too much wine. Continue reading “Time is the Ultimate Limited Resource”

Do I Own My Stuff?

I’ve written before that I place too much importance on stuff.  I think this comes from being an insecure kid who didn’t have the stuff other kids in our neighborhood had.  My Dad tells me there was no end to my “needs”.  I was never satisfied.  I’m sure he’s right.  You can’t fill the hole of insecurity with stuff.

As I got older, I was able to buy some of my own stuff.

My parents would match any money saved to buy bikes.  So I saved up, for what seemed like forever, and bought (half of) a new bike.  42 years later and I still remember–Panasonic Sport Deluxe, shiny red.  It was a beauty.  About a week after I got it, I parked it at my best friend’s house and it was stolen.  Never saw it again, I was back to riding my brother’s hand me down bike.

I started to be over-protective of my stuff. Continue reading “Do I Own My Stuff?”