Many people dream about living off passive income. The concept of working hard and creating a perpetual stream of income is appealing. Instead of working eight hours per day or more, you can work much less. Suppose you make some smart moves by investing in rental real estate or dividend stocks. Alternatively, you can be …
Is a digital nomad lifestyle financially feasible? Note from Mr. SR: My friend Donny Gamble is living the dream as a digital nomad. In this guest post, he shares his top tips for making the lifestyle financially feasible! Most of us have dreamt about living as a digital nomad at one point in our lives. The …
7 Tips On How to Live (and Save) As a Digital Nomad Read More »
Navigate an early career job change with this step-by-step guide. The idea behind both semi-retirement and FIRE is to save diligently in the beginning of your career so that you can have more freedom later. This is what I call Step 1 in the Semi-Retire Plan. As a result, it can feel like you have …
Early Career Job Change — Learn How to Pull It Off Read More »
You don’t have to have a 6-figure income, save >50%, or work until your late 60s to have a fulfilling retirement. In fact, semi-retirement options are most beneficial for people with moderate incomes. It can even help you exit your career earlier. A 2018 Gallup poll found “41% of nonretirees… plan to retire at age …
The 3-Step Semi-Retire Plan — Create Your Semi-Retirement Strategy Read More »
This page includes affiliate links — I may earn a small amount from qualifying purchases, at no additional cost to you. Considering starting a blog? In the back of my mind, I had been thinking about starting a blog for a few years. Several bloggers had been influential in my life and the way that …
How will you know when the time has come to quit your full-time job? Plan your retirement exit strategy. One day, you will stop working at your 9:00 to 5:00. I know this is blunt, but you’ll either die unexpectedly or you’ll choose to retire. I encourage you to have proper estate planning and life …
3 Reasons Why You Need a Retirement Exit Strategy Read More »
One of the few personal finance concepts that garners near-universal praise is the emergency fund. For many topics in personal finance, there are seemingly as many critics as there are advocates. “The stock market is too risky,” “You can’t retire early because you need health insurance,” “You shouldn’t travel because it’s wastefully expensive.” I don’t …
Everything You Need to Know About Emergency Funds and Cash Reserves Read More »
Learn how to live the hero’s journey I can’t help but view my life as a kind of story. Maybe it’s just because I watched a lot of movies growing up, but I find myself thinking in terms of narrative. I have a beginning, my childhood. My character and personality were formed. I have a …
This week, I read two articles that I found to be intriguing and sobering. There are implications for how you should plan to manage your career and finances, and for how you should expect your feelings of fulfillment and happiness to shift in your later years. What does this mean for your working years? As …
Does working longer reduce the length and quality of your retirement? Read More »
What semi-retirement jobs pay over $20/hour? In the Semi-Retirement Plan overview post, I use an example of making $20/hour at your part-time job during your early retirement years. One of the criticisms I receive most often is that “$20/hour for part-time work is just not possible.” I admit, you probably won’t get $20/hour for being …
