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3 Reasons a Child Can Help You Retire Sooner (And 1 Big Reason Why You Shouldn’t)

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Are raising a family and saving for early retirement compatible? Raising children costs money. There is no disputing it.

Lake Placid_04

A common narrative says having kids makes achieving a secure retirement difficult. And early retirement is a pipe dream for those with children.

I’m going to challenge this conventional wisdom by sharing three reasons having a child didn’t prevent me from retiring early. In fact, my daughter helped me retire much sooner than I otherwise would have.

Can kids help you retire sooner? And should you retire early if you still have kids at home?

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My Biggest Retirement Fear

money bomb with burning fuse

Last November was a bad month for us. My wife went in for major dental work. We broke an expensive iPhone. My Forester needed two new engine seals. Altogether, the bills amounted to thousands of dollars. So much for our frugal retirement budget that … [Continue reading]

May 2019 Best of the Web

Each month we share the best resources we've found to help you save more, invest better, and retire sooner. Popular topics are building wealth, DIY investing, creating retirement income, managing risk, and limiting your tax burden to enable you to … [Continue reading]

3 Bad Financial Decisions That Helped Me Retire Sooner

We tend to judge our decisions by outcomes. In her book Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, Annie Duke points out the faulty logic of thinking this way. We love things to fit in neat little boxes. But … [Continue reading]

Why Is Investing So Difficult?

We write about many topics on this blog. One consistently popular topic is investing. It’s honestly hard for me to wrap my head around why our investing posts are so popular. Darrow annually publishes a post sharing his investment portfolio. … [Continue reading]

Budgeting or Expense Tracking: How Much is Enough?

budgeting tools

One day in 1991, a package arrived at my doorstep. Inside were thick paperback user manuals, and a shrink-wrapped bundle of floppy disks. I carefully sliced open the shrink wrap and inserted the first disk into my desktop computer. I then typed the … [Continue reading]

April 2019 Best of the Web

Spring is a time of new beginnings. If you've been putting off planning retirement, we've got a great collection of articles from around the web this month to get you back on track. This month's articles explore the benefit of preparing for … [Continue reading]

Choose FI: Your Blueprint to Financial Independence

My last day of work as a physical therapist was Friday, December 1, 2017. The following Monday I sat down to begin work on a book that I’ve felt the need to write for years. For the past 17 months, I’ve been collaborating with Brad Barrett, … [Continue reading]

Staying Strong in Retirement

Retirement planning exposes some cruel ironies of life. Most young people have an abundance of time and health in their school/training years, but little money to take advantage of these non-financial assets. Most of us enter our adult years … [Continue reading]

Reasons to Live: Finding Your Purpose after Retirement or Financial Independence

Telescope Peak

What, exactly, is the point of retirement? With all our focus on the mechanics of saving and investing, it's easy to lose sight of the bigger picture. Is financial independence really your goal, or is your ultimate purpose something that lies beyond … [Continue reading]

March 2019 Best of the Web

It's time for our monthly collection of the best articles from around the internet to help you save more, invest better and retire sooner. We start with a few articles about the advantages of investing for the long term and end with articles … [Continue reading]

Order of Operations for Tax Advantaged Investing

U.S. tax laws are complex. Spending my time and energy thinking about complicated tax schemes ranks right up there with having dental work done. . . without novocaine. However, mistakes I made early in my career made me realize that totally … [Continue reading]

Staying Healthy and Mobile In Retirement

I’m passionate about helping people use their money to live a better life. I’ve written hundreds of blog posts and recently finished a book manuscript to these ends. But I have no formal training in investing or financial planning. I’m also … [Continue reading]

4 Things I Gave Up to Retire Early

Deadhorse canyon

Every significant accomplishment in life requires trade-offs. It's the law of cause and effect. If you want to be an Olympic athlete, you'll be training while others are relaxing. If you want to be a doctor, you'll be grinding through medical school … [Continue reading]

February 2019 Best of the Web

February has come and nearly gone. It's time to share the best articles we've found around the web from the past month. We have a little something for everyone this month. We start with two heavy hitters in the retirement planning space … [Continue reading]

Financial Autopilot

In an era of two income households struggling to make ends meet, my story sounds extreme. I retired from my career as a physical therapist at the age of 41 while my wife cut back to part-time work five years earlier at age 35. Some might think we … [Continue reading]

Building Your Work Optional Life

Tanja Hester and her husband, Mark Bunge, retired in December 2017 at the ripe old ages of 38 and 41. Hester, author of the award winning blog Our Next Life, is releasing a new book, “Work Optional: Retire Early the Non-Penny-Pinching Way,” to help … [Continue reading]

We Finally Get Better Credit Cards

Stack of credit cards

What would you do for an extra $500/year? I've written about how much I value my time and often choose financial simplicity over saving a few bucks here and there. For that reason, we'd been using the same 1% cash rewards USAA credit cards for many … [Continue reading]

January 2019 Best of the Web

The biggest news from the investing world this month was also the saddest. John Bogle passed away. Investors lost their biggest ally. The world lost a great man. We start our round up of the best articles from around the web with a few paying tribute … [Continue reading]

Early Retirement Tax Planning 101

Complaining about taxes is our national pastime. Many people think others aren’t paying their fair share. At the same time, we’re all certain we’re paying too much. Nearly everyone complains about taxes. Few people take the time to actually … [Continue reading]

Using Leverage to Create Retirement Income

Traditional retirement planning focuses on accumulating assets, which eventually are converted into an income stream to last a lifetime. Creating retirement income without exhausting your portfolio presents a fundamental challenge. This is … [Continue reading]