I might be strange to discuss Medicare stuff as most of us on this early retirement journey are years from Medicare eligibility but as most of us in this community are planners calculating every need that might arise, I figured it was an important topic to cover (plus I have been doing some insurance CE on the topic so I figured I could share my wealth of knowledge).
Most of us don’t know the costs associated with Medicare and might even think that we just automatically get Medicare once we turn 65 for free. In reality, we have to “earn” this benefit by paying into the system over the years. For the average person this isn’t an issue because it takes them a few decades to amass enough money to retire but for those of us in FI community we have BIG dreams and those dreams often mean not working the majority of our adult lives.
I have been a little absent from my blog over the past couple of months, posting very little of interest. I am attributing this to my lack of down time at work and also being busier outside of work. There are some changes coming up at work (more to come on this soon) and I have been busier which means less time daydreaming about what my life could be like without work. It’s kinda funny that my husband and tell right away if I was busy at work or bored out of my mind as it has a direct correlation to my mood. Busy most of the day and I am generally happy. But if have time to twiddle my thumbs (ie: browse the web) I am usually less happy by the time I get home.
At the beginning of the year, especially right after our vacation, I was in a pretty big funk and the boredom at work really didn’t help. At that time I crunched the numbers and if we worked really hard and the market cooperated (the big unknown there) I figured out it could be possible to reach FIRE (Financial Independence Retire Early) in 3 years. We would certainly have to be extra careful but with some planning we could make it work. Continue reading “When Boredom Leads to Unhappiness”→
Oh what a year it has been! We started on this journey to financial independence a year ago and I am so happy we started down this road. At this point I really can’t imagine going the old route of working until my mid-sixties as I am just dreaming of enjoying my days doing what I want each and every day. And I will fully admit that I have been enjoying the whole process so far. Continue reading “A Full Year on the Path to Financial Independence”→
I have been doing a lot of dreaming lately. I know that our goal of reaching FI is closer that I had originally estimated and the side effect is spending more time thinking about what this could actually look like. Recently I have thought that it would be great to buy a RV and spend some time roaming around the country. We could spend time traveling around and visiting places we have never been too and even spend some extended periods of time at one location that we found interesting.Continue reading “Daring to Dream”→
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.