Denali Northern Expenditure

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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?

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

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?

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!:

We're early retirement frauds

Retiring Early? We’re Early Retirement Frauds

While we were off traveling, our dear friends over at Our Next Life issued a challenge. You see, the early retirement community is full of “Commandments” (as Our Next Life so hilariously outlined in their original post). This challenge called for a celebration of differences. A manifesto of what we’re doing differently. After I read it, I was immediately THRILLED about the opportunity to come clean. You see, Northern Expenditure is a fraud. I’m not sure why anyone reads us at all. We’re on the path to early retirement, but we’re doing everything wrong differently.

Why We’re Early Retirement Frauds:

Its not a marathon

Financial Independence is Not a Marathon

What’s with “It’s a Marathon, Not a Sprint”?

Everyone uses the phrase: “It’s a marathon, not a sprint” as inspiration for anything that’s hard. I’ve also heard it used for the path to financial independence a number of times. Look! Here’s the first listed google image of the phrase:

Northern Expressions

Northern Expressions: Have A Plan

Have a plan so amazing, so glowing

“Have a plan so amazing, so glowing, that you’re willing to walk blurry-eyed to work every day to make the money necessary to achieve it.”

I love today’s inspiration! This quote is from J.D. Roth in his awesome (and free!) The Money Boss Manual. It’s a fabulous way of saying what I’m always saying: Your future self will still be you! Get a better dream, make it awesome, and then work toward that. Spend this weekend dreaming big so you’re ready to walk blurry-eyed back to work on Monday. Happy Friday, friends.

Love, Maggie

Kaleidoscope

Designing Our Kaleidoscope

Last month, Harmony over at Creating My Kaleidoscope, offered a challenge to design your own Kaleidoscope. In short, the challenge is to discuss what you see when you look at your future through your kaleidoscope and how you’ll get there. Since I’m a planner and a schemer, I love this idea, but I also love the imagery she’s created. There is a big difference between a telescope and a kaleidoscope. The telescope allows us to see things that are far away close up. Through the telescope, we can see details as if we were right there. Through the kaleidoscope, you see something that isn’t really there. Most kaleidoscopes show just color and shape and when you turn it, those colors and shapes dance and change and create something that wasn’t there before. In some kaleidoscopes, you can actually see what is on the other end of it, but through a distorted, fragmented lens. You might be able to see a face. Sometimes 30 images of the same face. And sometimes, when you turn it, the face disappears completely.

Northern Expressions

Northern Expressions: Stuff vs. Time

Buying stuff and buying time are in direct competition for you hard-earned money

“Buying stuff and buying time are in direct competition for you hard-earned money, and the choices you make in this regard have a direct bearing on your future.”

-Robert & Robin Charlton in How to Retire Early

Enjoy some Friday inspiration from a seriously awesome book that uses real numbers to show how they actually earned early retirement! Happy weekend, friends.

Love, Maggie

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