It is 7.15 AM on Saturday morning and I am doing my weekly check on my finances. Yesterday was payday and my bi-weekly salary hit my checking account. I let the transaction settle from the previous day before making any money-related moves and transfers.[Read more…] about My Financial Discipline 101
Never having to work again at age 40 – that sounds great, doesn’t it? But would you give up your car now, eat cheaply, repair a lot of items yourself (DIY) and only buy used things to make it happen? Because that’s exactly what so-called Frugalists do. What this life feels like and what we can learn from the Frugalists’ savings strategies – I will tell you right here and right now”[Read more…] about Frugalism – 9 Rules to retire at age 40
Roughly one year ago I wrote a review about a book written by Kristy Shen and Bryce Leung. The book is called “Quit like a millionaire” and describes their effort and path to early retirement. They were able to retire at the young age of 31 and then decided to travel the world. I had heard about the book from the ChooseFi podcast and had high expectations.
If you have read my book review, you know that I was not really impressed by the book. While the overall story was very interesting, the book by itself is an average book. I felt the FIRE community really hyped the book up way too much. The author’s style to write is “unique” in a way and a lot of questionable language terms are used.[Read more…] about Quit Like A Millionaire Book Review Follow-up
I believe that the common way of life of most people in the United States of America is based on a huge misconception. This misconception is something like this:
We have to go to work anyway.
From an early age, we are taught that it is virtually inevitable to work in a (full-time) job all our life. After all, we have to earn our money somehow to make a living – and the earliest age for retirement comes at age 62. The common mantra we hear from early on says “Find a job that you enjoy, you have to do it for 45 years!” Or you hear well meaning advice before your senior year in High School: “Enjoy while you can. You will never have so much free time in your life again! “[Read more…] about Part-time Job or Early Retirement? Oh, look – a Squirrel
On June 23rd, 2020 I will be officially divorced. Yay! Well, don’t get me wrong, I wish things would be different, but they aren’t. Life does not always work the way we envisioned it and divorce happens. My ex-wife and I are separated since April. We lived together in the same house until then, in different rooms of course, but we were still around each other. We were able to go through this divorce in a civilized manner and we are able to talk and see each other without getting on each other’s throat. We used mediation to come to terms with our separation.[Read more…] about My Divorce Guide – The Different Phases until the Divorce was final
We’re two and a half weeks into our new daily life, and we have become a pretty good team. Routines are forming; bonds are being built. There is only one routine that is not yet established. I am a runner, and that is the only thing I am falling short right now. Usually, I get up at 3.25 AM on weekday mornings and go for a run. So far, I have gotten a total of 3 runs done. I need to work on that quickly as I do not want to lose my fitness.[Read more…] about Routines are Good