Reading Time: 3 Min A lot of people ask me how I spend my days, and I struggle to answer. When I say I wake up late, spend time outdoors, surf the web, and spend time with friends, they think I’m being deliberately vague. I’ve decided to just mark up a calendar so they
Reading Time: 3 Min Everyone seems to have a gut reaction about real estate as an investment, and those opinions clash violently. I used to wonder about this – at family gatherings, my intelligent cousin would try and convince my equally intelligent uncle from across the country why real estate was an excellent bet, and
Reading Time: 4 Min We talk a lot about specific tactics to achieve our retirement dreams here, but the psychology around implementing those ideas is equally important. Doing something different is uncomfortable. Sometimes, it surpasses uncomfortable and gets to terrifying. We confront this feeling all along the way to financial independence. Drive used cars and
Reading Time: 1 Min I woke up at 3pm today. I would like to say that that is a very unique occurrence, but since I’ve retired it’s been a semi-frequent event. The nice thing about being retired is that it takes what is usually a bad choice with negative consequences and completely neutralizes it.
Reading Time: 2 Min We want things because they build anticipation and provide novelty in our lives. We get to dream of what life will look like with New Thing. Purchasing New Thing brings a rush of satisfaction and a hit of dopamine in our brains. But the effect is temporary, and a week,
Reading Time: 5 Min I hear a lot from people who want to know how to pull the trigger on retirement. “Isn’t it hard to leave a steady paycheck?” they ask. Heck yeah, it’s hard. When I was stewing in the decision, I went looking for advice and discovered that I was not alone in
Reading Time: 8 Min In my last few years as Medium Cog 674 at a finance firm, I was part of the top 1% of income earners in both the US and in New York City. I am retired now, and I no longer qualify for that title. Does that sadden me? Not at all!
Reading Time: 8 Min If you’ve read my last post, you understand why today’s environment is so difficult for aspiring retirees. Retirees want steady cash flow options, and that often means parking a big chunk of change in bonds. However, bonds are paying a ridiculously tiny 2-3% interest compared to the 7-10%+ interest rates
Reading Time: 4 Minutes The name of the game as a retiree is cash flow. Because you are no longer generating annual income to pay your bills, investments that provide consistent cash flow start to look more appealing than their long-term, appreciation-based counterparts. This is why a lot of advice focuses on buying
Reading Time: 2 Minutes A lot of people are curious what it’s like to be retired young. Because of that, I’m starting a new series of posts capturing memorable moments when they happen. You ever find yourself tossing and turning in bed, something plaguing your mind as you struggle to fall asleep? When