Moneyanatomy - personal finance blog
Thursday, October 12, 2017
Challenge "Magic number"
There are many nice blogs by physicians who set as their goal to retire early from their medical carriers.
I do have a family history of "early" retirements: my mother retired with 55 and father with 60. When they retired they found some new things to do for themselves. My father started a new business and my mother got a lot of chickens, turkeys and geese to keep herself busy.
I don't have any particular plans yet.
I am not in a hurry to retire and to retire early is not my goal. I like my work. After I moved to the place where I live now from a very very cold place, the weather here makes me feel like I am on vacation almost every day. When I go on vacation, it is like I am taking vacation from my vacation.
My main motivation to reach that magic number of $3,000,000 is just to finally feel safe, because I grew up very poor and that "post-traumatic stress syndrome" of growing up very poor still doesn't let me go.
In savings, like in other things I like to underpromice and to overachieve.
Of course I will try to overachieve here in this challenge.
I don't know when I reach the magic number of $3,000,000 or even if I ever reach it. But I every month I will make small steps toward my goal.
Subscribe to:
Post Comments (Atom)
-
M. asked me: How to deal with ungrateful family? I can't cut them off entirely but my irritation is at the point that I want to. ...
-
Health savings account is the new reality for almost everyone. In the mind of most it is only connected to out-of-pocket medical exp...
-
This is the Part 2 of my answer to M.'s question: How to deal with ungrateful family? I can't cut them off entirely but my irr...
-
Why do I want this challenge? The most common advise is to do " indexing ". That means to invest long term in an exchange t...
-
Conservative estimates of 1% per year for returns of my investments are really very conservative. I am sure they are not realistic, in a go...
-
Dave Ramsey recommends using the Debt Snowball Method. That means to knock out the debts one by one starting with the smallest with...
-
M. asked me: Dave Ramsey's philosophy on debt - do you agree? He recommends to delay any retirement contributions or filling u...
-
My friend M. asked me this question: "Mixing family and money - Good idea? Bad Idea? My brother has lots of student loans. Is i...
-
Are there any other options? My friend asked me how am I saving for college for my child. I have one child, she has three. This que...
-
After I returned form work yersterday my girl asked me: "Why does virus make people poor?" I don't know if my constant ba...
No comments:
Post a Comment