Taking the Hypothetical Plunge I've mentioned many times in my monthly financial independence updates that for 2019 I decided to track all of my expenses for the entire year. Although quite arduous at times, this was a great experience for me and gave me insight on my actual spending and where my money goes each … Continue reading Lessons Learned and Results From a Full Year of Tracking Expenses
It has been almost 2 years since I last updated and wrote about my asset allocation. I've done a surprisingly terrible job monitoring changes and rebalancing my assets over the years. I'm not sure why that is exactly, but it's certainly something I'll be changing now that I've reached my financial independence goal and am … Continue reading Current Asset Allocation: November 2019
Savings Rate Changes I've written in the past about how my high savings rate has been the key to being able to semi-retire after only three years of full time work. In fact, savings rate is the single most important factor in determining your financial independence date and has been the primary focus for me on … Continue reading 2018 Savings Rate in First Year of Semi-Retirement!
Whenever someone finds out that I worked only three years full time after graduating from physical therapy school, and that I'm very close to financial independence at 29 years old, the natural question that follows is, "How is that possible?" The answer to that question lies in the magic of my savings rate. My Savings … Continue reading How It’s Possible to Retire in Five Years or Less: The Power of Your Savings Rate
A Look Back at My Financial Journey It's hard to believe that I have been doing monthly financial updates for over two years now. Things have changed so much in that time. Two years ago when I started tracking my progress to financial independence, I thought I had things pretty much figured out. Now, looking … Continue reading Financial Independence: The Power of Having Options!
*The information contained in this post is not meant to be specific for you or your situation and is not meant to be financial advice, as I am not licensed as a financial planner. Before making any decisions, I strongly recommend speaking to someone licensed in this area to consider your unique situation. Social Security Uncertainty … Continue reading Getting the Best Bang for your Buck with Social Security in Early Retirement
*The information contained in this post is not meant to be specific for you or your situation and is not meant to be financial advice, as I am not licensed as a financial planner or as an accountant. Before making any decisions, I strongly recommend speaking to someone licensed in this area to consider your … Continue reading Avoiding the Individual Insurance Mandate Penalty in 2018
How Do You Calculate Savings Rate There are a lot of different ways to calculate savings rates as Big ERN, from Early Retirement Now, points out in his post on the topic. For me, savings rate #3 in his post seems to make the most sense. Calculating savings rate based on after tax compensation and … Continue reading 2017 Savings Rate and 2018 Estimate in Semi-Retirement!
To be honest, I haven't paid much attention to my asset allocation recently. In 2017, I started saving cash for a down payment on a rental property, but I have also considered just saving enough to pay for an entire property up front. What I decide to do there will likely depend on when I … Continue reading Current Asset Allocation: February 2018
Travel Therapy and Improving Your Finances Hello again. If you've read any of my posts in the past then you probably already know that I enjoy writing about a lot of things, but two at the top of my list of favorites are travel therapy and personal finance. Today I want to make a case … Continue reading A Case for Travel Therapy as a New Grad: The Power of Compounding Interest