Poverty Fire

Retiring early is a relatively simple problem to solve in theory. Just save 25x your annual spending and you will have accomplished this goal. Easier said than done.  The same can be said about other challenges in life such as losing weight or trying to live a happier life. Here are some techniques I have utilized to accelerate my pace to be able to retire early. Minimize Debt Other than my mortgage, I don’t have any other type of debt. No credit card debit, student loans, personal loans, or car loans.  I really tried to simplify my life and plow all my savings into money generating assets. There is simply no way around this if I wanted to retire early.  I always tell my children: It takes money to make money! The only type of loans I see as acceptable is a mortgage and student loans (within reason). The mortgage will provide a place for me to live in without worry about rent inflation. I would only take on more student loans if it allowed me to get a better job. Otherwis...

After another horrible day at work and the office politics in the background, it made me realize how work can have a huge impact on your life outlook. We spend about 1/3 or more of our life doing a job we probably do not like with coworkers that are just as miserable as us. All of this just to earn a paycheck to buy things we do not need to make up for the bad days we have in the office. It's a terrible viscous cycle. This made me really think about the various benefits of retiring early. Time Rich or poor, the only thing we all have equally is time. For me, I want to have more time to work on my hobbies. I want to have more time to work out. I want to have more time to spend with my family and friends.  Health Stress can cause numerous physical and emotional issues. Not only that, it's hard to improve your health when working a 9-5 job. It's hard to workout when you don't have time. It's hard to eat better when you don't have time to cook. It's hard to slee...