I was intrigued but didn’t fully understand, as Jeremy went into a lot of advanced graphs and Maths, which wasn’t great for someone like me who didn’t have their head around the concept and was scared of Maths. Talk about coming late to the party! One of the first posts I read was about this thing called the 4% Rule.
#Shockingly simple math retirement cracker
The very first blog I found was Go Curry Cracker – in fact, I asked him in a comment what FIRE meant. The personal finance area was a revelation of education and paradigm-widening information. I’ve been blogging since 2008, but I was primarily in the crafts and permaculture world. Soon after joining the Barefoot Blueprint, I stumbled across the world of personal finance blogs. Looking at the two different scenarios, I know which one I’d rather be living when Old Lady Frogdancer hits 110 and is planning her next trip overseas…īut given all this, how do you know what amount of money to aim for? He retired when he was 59 and I’m positive that he would’ve thought that he’d be fine. Grandma was left in a comfortable financial situation by her husband, but my Grandad on the other side of the family ran out of money in his late 80’s and had to rely on my parents to prop him up when he needed more than the pension. Two of my grandparents lived till their mid-90’s. How much is enough? How do you know when you have enough to retire? I come from fairly long-lived stock. I was doing something, and action always feels better than inaction.īut then I started wondering. I started a small share portfolio, made some very savvy friends and felt a little better. I joined an investment group with the Barefoot Investor, which back then was wonderful… but has since devolved into a product that isn’t as good as it once was. I’m sure I can’t be the only person who has felt this. But I knew absolutely nothing about investing, aside from vague references to “blue chip shares” and seeing the 10 seconds worth of financial stock market stuff on the news every night. I love teaching, but I don’t think it’d be much fun doing it in a zimmer frame. I paid off the house.īut what then? I looked ahead and saw that unless I started getting serious about investing, I’d be doomed to confiscating mobile phones, trotting around on yard duty and marking essays until I was 70. I knew dimly that it wasn’t the best decision in a mathematical sense, but security was extremely important to me, so it was the right decision for me. I focused on becoming debt-free and paying off my mortgage, which I did just before I turned 50. I was paying my bills, supporting my family and doing all the right things that were expected of me. My thirties were spent raising my boys, divorcing my husband and then re-establishing myself back into my career field. I spent my twenties beginning my career, breeding and showing dogs as a hobby, getting married and starting a family. Surely not everyone who latches onto this idea of financial freedom is a bright-eyed twenty or thirty-something who has all the time in the world to get their financial act together and then spend untold decades doing exactly whatever they want to do. I’m sure that I’m not alone in coming relatively late to this whole FIRE thing.
0 kommentar(er)
