Finding a better job

Intro: Last week I wrote about how much easier it is for people with above-average incomes to retire early.  For people with low-to-average incomes, it takes significantly longer. After optimizing expenses as best as possible, it makes sense to also chase higher incomes, particularly for those that don’t already make a killing as it is. […]

The dirty little secret about early retirement

Intro: Here’s the dirty little secret you won’t hear too often in the early retirement community: income matters, A LOT.  A typical handling of the income conundrum goes something like this: “Yeah, it can be hard to retire early / save a lot with lower incomes, but it is still possible if you are determined.”  The sad reality […]

Location arbitrage: living abroad to save money

Abstract: Living abroad in countries like Ecuador or Thailand can save the average American serious money (and serious working time).  Specifically, living in an inexpensive country abroad for 10 years saves nearly $225,000 versus living in the U.S., and even more than that for big spenders.  As more and more people transition to location independent careers, […]

Save like a Canadian

This article originally appeared as a guest post on Free to Pursue, a fantastic blog authored by a like-minded Canadian early retiree (left work in her mid 30’s) with much more life wisdom and perspective than yours truly.  She writes about experiencing true personal freedom and happiness and is refreshingly less fixated on the monetary framing […]

The power of a high savings rate

Intro: A strong savings rate is the cornerstone of early retirement and financial independence.  A low savings rate means you’ll have to work longer to retire, while a high savings rate will allow you to retire earlier. The idea of saving, specifically, spending less money than you earn and, say, stuffing the extra money under […]

Retire using only 401k and IRA

Introduction: How long would it take you to become a millionaire if you were maxing out your tax-advantaged retirement accounts and nothing else?  What about if both you and your spouse were doing that together?  And when would you be able to retire? Maxing out retirement accounts is not easy by any means, but it is […]

Less is more: spending less vs. earning more

Background: A good friend of mine loves to admonish people that “less is always more,” which is sort of funny coming from a guy who lives very large.  I mean, this is a guy that used to smoke a half pack of cigarettes every day and still managed to walk on to the top college […]