This, and various perturbations, is one of the most frequent google search term that hits this site. I think my very general answer would be, that if you have to ask that question then the answer is “PROBABLY NOT!” If you’re asking if you can retire with 10 millions dollars, the answer is still no. [...]In a comment, Hannah wrote: I have to wonder: Is the inability to value one’s time (rather than hyper-accumulating Things) simply an inability to accept one’s inevitable departure from this world? Do people who have an acquisitive mentality towards life have an inherent denial of death, and thus seek to “escape” into their goods, which [...]Recently Lazy man illustrated the keys to financial success by comparing it to the Patriot’s success on the football field. I don’t know much about playing football, but if it is anything like hockey, it is less easy than it looks and requires tremendous skill. Not only do these athletes need to have a high [...]
The best ways to retire early is to ask yourself two questions
Retiring in Florida...for the last several decades retiring in Florida is choice one
Retiring in Arizona...For lots of retirees it is the best
Here are the products and services we personally use
Park Model Campers a way of livng cheap and well that is appealing to many
Living in small spaces is easily doable and efficient
Living cheaply and well...a country club lifestyle without the billsDo you save for retirement, emergencies, or big purchases? Or do you save to invest and obtain an income from your savings? One may say it does not really matter but there is a crucial difference in perspective between the two different approaches(*) I used to be a saver. “Savers” ultimately save money to spend [...]From the forums, landedgentry13 said: …I have often fallen victim to the “just one more…” virus. If I’m earning 40k in passive income, I tell myself that I’ll be content at 60k. If I have x number of investments, I’ll be content with y number of investments. If I can take a weekend trip to [...]Frugal for Life recently posted a big list of tips to save money and The Family CEO posted list of 25 things I do to save money, so I figured I would make my own list as well. These suggestions range from rookie to expert. Get netflix or blockbuster instead of going to the movies. [...]Is it possible to draw a line between happiness and saving money? It certainly is. The line is drawn according to a parameter called the discount rate which is the interest rate which separates one’s desire to lend vis-a-vis borrow money. In other words, the discount rate is the minimum interest rate one would demand [...]I see stock markets falling in three, possibly more, stages. The first stage is the golden age of capitalism, where owners run and have a stake in their own company. In the second stage operations and stakeholdership is taken over by professionals, that is, CEOs, who own less than 1% of the company, and (institutional) [...]I have written earlier about my experiences with peer to peer lending. Personally, I treat it like an investment no different from any other investment. In my experience the risk/return rates are similar to liquid junk bonds. However, peer to peer lending has a social component to it and it is a lot more intimate [...]I burned a feed for the forums so you can subscribe via RSS (google reader et. al). Lots of good info there. In the slightly less than one month, the forums have existed, they have grown to 228 topics 2405 posts (77 per day) 180 users They include topics I don’t normally cover on the [...]Diversification is a method of avoiding non-systemic risk. Non-systemic risk is the kind of risk that involves uncertainty of individual components. Systemic risk is the kind of risk that involves uncertainty of all the components taken together. Indexing for investing is a typical example. Diversifying avoids the risk of individual stocks but it does not [...]Disclaimer: This post is aimed at beginners. If you already know your earnings yield from your free cash flow, I’m sure you can come up with something better on your own. I would strongly encourage anyone wishing to live of the rent of one’s money to take a strong interest in that money, but in [...]When I was a precocious kid i.e. annoying like I am now, but in a cuter and more excusable kind of way, our family went on a road trip through Sweden. I was reading the road signs as a way of passing time. This in retrospect helped prepare me for a brilliant career in scientific [...]
What can you do with your Thrift Savings Plan account at retirement? Learn about your TSP Retirement options.