This whole journey towards FIRE (Financial Independence Retire Early) really has to do with changing our lifestyle and giving just just a little more time to play or do what we want instead of being stuck in the office. Heading to the office five days a week, spending the whole time looking forward to those two days that make up the weekend, is just not a great fit for me. Even though I get out at 4:30 every day I feel that most of the day is gone and between eating dinner and winding down for the day I don’t have enough time to do fun things. My job is fine but I don’t love it. And sometimes I end up mentally take the job home with me, making the day seem worse. Continue reading “Would a Shorter Work Week Do The Trick?”
Mr. SFF calls it the “Go To Hell Fund” but I call it the “F-U Fund”. But whatever name you use, it is basically the sum of money you have saved that gives you the power to just quit your job at any point, usually when you get fed up with one thing or another, without having to stress about buying groceries or paying your mortgage. FI is pretty much a giant F-U fund as it means you don’t ever have to find another job but the F-U Fund often starts with having just enough money to give you the power to quit your job at any moment and survive without rushing into another horrible or unsatisfying job. Continue reading “The Power of the “F-U Fund””
For almost two years now my husband and I have been on this journey towards financial independence/retire early (FIRE) so the thought of climbing the corporate ladder was not on the forefront of my mind. After all, I am trying to leave the corporate world. But last fall I was faced with a big decision, should I climb?
The company I work for is a two-person operation for day to day management even though we are under a larger company. So when my boss, representing 50% of the workforce, pulled me aside last fall and told me he would be retiring in Nov of 2016 I had a huge decision ahead of me. Should I take over? Continue reading “Climbing the Corporate Ladder”
One question that I have been pondering a lot recently is what exactly I would want to do with all of my free time once I reach financial independence. I realize that being financially independent itself will not bring happiness and that I am most likely going to need to do something just to keep me active and maybe even make a little income. And to be honest, my current vision is more of a semi-retirement where we are both earning a small income working part time or doing side hustles. But what will that be? Yes, I know it is years down the road but I know that if I can envision what things will look like this might help me reach our FI goal sooner.
I came across this website while trolling the MMM forums where lots of really cool jobs are listed from around the country, hence the website name, www.coolworks.com. Mr. SFF and I have casually discussed how we could work at a ski resort part time so that we could enjoy the skiing but Continue reading “What Will Early Retirement Look Like?”
Today is payday and normally a day I do a little happy dance (well, not an actual one dance but it is why I sit at a desk for 40 hours a week). But have you ever looked at the gross amount amount of your paycheck and compared it to your net amount felt immediate depression? Yup, that happens to me. I am not raking in the money but I make a livable wage. Unfortunately after all of the deductions are taken out I am left with such a small amount that it is really kinda sad. Without giving you the exact dollar amount of all of my hard work, here is a breakdown of things based on percentage of gross.
Federal Income Tax: 4.8%
Social Security Tax: 5.4%
Continue reading “Net Paycheck Depression”