Tag: early retirement (Page 1 of 3)

Why Are We Afraid of Boring?

Why Are We Afraid of Boring?

Everyone lives their lives trying to not be boring. They don’t want to live like everyone else. They don’t want to seem average. People prove they’re not boring by buying nice houses, interesting cars, fashionable clothes. “I couldn’t possibly be boring. Just LOOK at me!” In this cycle of trying to prove we’re not boring, we also expect boring answers to be wrong.

The Boring Answers are the Best Ones

People want shortcuts. They want to hear the anecdotes and not the research. Everyone wants to be in shape and everyone wants to be rich. Why do you think the weight loss and financial industries are so large? We want a pill or a get-rich scheme. Do you know how to get in shape? You exercise. You actually work the muscles you want to be strong. Do you know how to get rich? You save money. You let money grow by not touching it.

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How "Make More Money" is Like a Video Game

How “Make More Money” is Like a Video Game

Quick call to action: I’m running an awesome research project and need your help. I need as many responses as possible. Go take the survey. It won’t take long. Thanks so much! Do it for science!

Maybe you’re like me. You read all these amazing posts about how the solution to your problem is simple. Make more money. And then you think: “Yeah, wouldn’t that be great?!” The posts say: “Don’t worry. It’s easy. Start a blog. Make an extra $90,000/year” Or “just start an e-commerce business and watch the sales replace your day job income in no time!” Now, as a consistent blogger of nearly 2 years that has made a grand total of less than $400 on this blog (want to increase that? Sign up for Personal Capital with my affiliate link. The service is free. And awesome. I promise), and as someone that runs an Etsy shop with 2 total sales (I won’t pitch that to you as well. You’re welcome), let me tell you that I finally figured it out!

There are levels to the game Make More Money

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Making the Most of Missed Opportunities

Roth IRA Challenge: Making the Most of Missed Opportunities

I can’t express how excited I am to have Ms. Our Next Life on the blog today. She blogs over at Our Next Life and has one of the best, most grounded, reassuring perspectives on the journey to early retirement out there! Seriously, if you’re not already a fan of Our Next Life, it’s time to figure out what all the buzz is about! Go! On top of that, though we’ve never actually met in person (yet!), she’s one of my real friends and I’m delighted to feature her and a bit of her journey here today…

Before we dive in, I just have to share with you guys that Maggie is one of our very favorite humans in PF blogland. She will never tell you herself how awesome she is, but it’s true. I’m especially grateful for her friendship and support since our blogs were both baby blogs – and, of course, all the Clueless GIFs. So needless to say, I’m thrilled to be here.

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Practicing Escapism

Practicing Escapism

What day of the week would you guess searches for jokes are at their peak?

I would guess Monday. How else would you get through a “bad case of the Mondays”? Turns out, I’m wrong! Searches for jokes are at their LOWEST on Mondays! And highest on Fridays-Sundays (when I commonly search for lunchbox jokes for the kids for the week).

So what search terms are highest on Mondays?

Depression. Anxiety. Doctor. 

This is devastating. Joke searches also dive after traumatic news events like bombings. This information suggests two things:

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Northern Expressions

Northern Expressions: The Purpose of Work is to Create

You guys, maybe you’ve seen this around, but if you haven’t stopped to watch it. DO IT. This is Mr. Money Mustache talking about how the purpose of work is to create and when money isn’t in the equation, we can truly be authentic in our creativity. 

I watched this and was audibly yelling “YES! YES!” multiple times (reminding myself to be quiet to not wake up the kids!). THIS IS WHY WE WANT THIS!

I won’t take up any more of your time. WATCH THIS:

Happy Friday, Friends!

Love, Maggie

retire now

The State of Retirement in the U.S. in 2016

It’s sad.

<End of post.>

Alright, alright. I’ll get into details if I must. First, the good news:

According to the 2016 Retirement Confidence Survey published by the Employee Benefit Research Institute, people are starting to move out of their recession fears. The percentage of workers “very confident” in having enough to retire, went up from 13% in 2013 to 22% in 2015. This year it went down slightly to 21%, but overall, people are feeling a bit more confident in these insane market days.

The question is: Should they feel this confident?

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People who became millionaires faster

Becoming a Millionaire FAST (and people that have done it!)

On Monday, we went over how easy it is to become a millionaire. Today, we’re going to look at a few people that have done it and have done it quickly!

Saving a Million Dollars FAST

1500 Days:

We’ll start with Mr. 1500 Days (he’s one of my favorites!). Now he started 2013 with over $585,000. He managed to hit $1,000,000 for the first time less than two years later! Note that Mr. 1500 days uses Personal Capital as well!

double comma

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Process is part of the product

The Process is PART of the Product

There is a constant battle between the process and the product in early retirement talk. Mr. T and I lean toward a calmer, more comfortable process leading to a delayed product of early retirement. Others choose to give up a lot more than we do in the process for a sooner product.

Balance is important. If you ruin your health, happiness, or relationships along the way, you’ll find yourself retired early and alone and sick. But you are the only one that can determine what that balance looks like for you.

It’s important to take another factor into consideration as well: Pride – The good kind. The kind where you roll up your sleeves, grab a cup of lemonade and just sit and stare thinking nothing but “I did that!” It’s a great feeling, right?

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Northern Expressions

Northern Expressions: Don’t be an Ironing Board

Ironing board gave up dreams

Full Disclosure: I ripped this off Facebook. If you created this image, please let me know and I will give you credit!

Today’s inspirational quote comes from… RANDOM GUY ON FACEBOOK. That’s right. I stole it from Facebook.* But it really resonated. I mean, look at it! That poor surf board all tied down. It’s so practical now. We’re on a path toward impracticality, but the best path toward being a surf board for longer is being an ironing board first. Boring jobs get you to the ocean, so they’re not all bad! We are equating what we are doing more to extreme ironing. Iron like it’s hot. Iron like you’re skydiving. And when you’re done with the ironing, turn it into a surfboard.**

This week, take a look at what your surfboard life would look like. Where’s your ocean? And start making calculations to see how soon you can leave your ironing board lifestyle behind! Some days, I calculate and am all: “We can actually retire in 2022 for reals” (which means more than our goal of $500,000) and other days I’m all “we’ll be lucky to hit $500,000 by then!” This week, I’m feeling good about our prospects. From the experiences of others, people always seem to gain momentum quickly in the process and hit their goals on or before their deadlines.

The future is uncertain, but looking at the ironing board, we see it’s potential! Be the surfboard, friends!

Love, Maggie


*Also, Mr. T is out of town with Lui for his Grandmother’s funeral, so I’m on my own on images this week. 🙂

**Unplug the iron first, or you’ll die of electrocution on your first day!

Don't be a retirement newsletter poster child

Don’t be a Retirement Newsletter Poster Child

Periodically, the company that runs the retirement funds at Mr. T’s employer sends out a retirement newsletter. This is the standard single-fold document that tells you to save more money, think about your future, and think about your taxes.

Here’s the Problem:

I read this newsletter religiously (mail about saving more money!? Yes!). It’s terrible. One of my earliest posts rewrote one of Mr. T’s newsletter scenarios because I think someone should jazz this stuff up!

This past newsletter threw in some more horrible stories. I’m changing the names (so I don’t offend the real fictional dummies), but everything else is the same. I’m not making this up!:

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