My last post was the second in the series on my retirement. If you missed it or the previous one, post one was titled I Retired! and post two was My Retirement Story, Part 2. With that said, let's continue the story. Working Out the Financials Given the bad situation at work (my boss, the business, and my lack of interest) as well as my personal desire to accomplish … [Read more...]
My Retirement Story, Part 2
Last time we started a series of posts on my retirement. If you missed that and want to read it, check out I Retired! Let's pick up where we left off. Business Results Lagging Our business was "ok" but not great. Then the perfect storm hit. Our first quarter had been propped up by a seasonal selling event where customers had to buy from us. The second quarter had … [Read more...]
I Retired!!!
Yep, I retired. At 52. Feels great. :) I'll give you all the details of why, how, etc. over three posts -- all this week. Thinking About Retirement In case you all haven't noticed, I've been writing a lot lately about retirement. And not just retirement in general, but my retirement specifically. For example, consider these posts: Various Forms of Retirement … [Read more...]
Four Steps to Determine Your Retirement Number
The best book I've ever read on retirement BY FAR is Todd Tresidder's How Much Money Do I Need to Retire? (Funny story -- I couldn't find my copy of the book so I bought a new one from Amazon, started taking notes in it, and then discovered my old copy. So I may be doing a giveaway someday of a slightly used version.) :) Anyway, I thought I'd share some principles from … [Read more...]
A Different Retirement Plan
As I explained in The Goal: Financial Freedom, my basic retirement plan is to 1) put together enough assets and then 2) invest those assets so they generate enough income to more than pay my living expenses (which I have roughly estimated at $100k per year). This would allow me to never have to spend a penny of the assets themselves — just live on the income they … [Read more...]
Various Forms of Retirement Income
As I was thinking through my financial freedom plan (aka retirement plan) the other day, I started listing various forms of income available to me during retirement. As I noted in The Goal: Financial Freedom, my plan basic plan has been to 1) put together enough assets and then 2) invest those assets so they generate enough income to more than pay my living expenses. This … [Read more...]
Dividend Investing Basics
As I noted in My Plan for Total Financial Freedom, I'd like to have dividend investing as part of my retirement plan. But I don't know much about it. Today I'll share what I've learned so far on my journey into dividend investing. The Concept From what I understand, proponents of dividend investing tout it as working as follows: Buy stocks of good quality companies … [Read more...]
My Plan for Total Financial Freedom (AKA My Retirement Plan)
In The Goal: Financial Freedom I noted that my personal financial goal is to invest my assets so they generate enough income to more than pay my living expenses. This way I will never have to spend a penny of the assets themselves -- just live on the income they produce. At that point I'll have total financial freedom, be able to retire, or do whatever I want to do. I'm … [Read more...]
The Goal: Financial Freedom
We've been through the basics of this site -- what it's about as well as the details behind earn, save, and invest. We've also covered the key topics of net worth and cash flow. We've also noted that if you put all these together in the right way, you will become wealthy. But what we haven't covered is the underlying question: why do we want to become wealthy? One … [Read more...]
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