TRAVELING AND CONTROLLING COSTS

Training . . .

When practicing for retirement, seems to me that one of the most important factors is to control expenses, the important thing is not how much you earn, but how much you need. Remember to NEED Vs. WANT here.

As in the accumulation phase, in retirement, the expenses will be crucial, even […]

REPLACEMENT INCOME

80% REPLACEMENT INCOME DOES NOT MAKE SENSE

 

All the calculations that you do for retirement and many of the calculators, advisors and everybody (everybody not in the FIRE) that you talk to says you need 80% of your last income. Whaaaat! It does not make any sense.

 

Let´s make some numbers

 

We […]

TOTAL INCONME vs. NET WORTH

Total revenue

I recently saw on the social security page the records of everything that has been entered since I work. It was quite interesting to see how I have progressed and calculate the total. Immediately I thought: How much have I managed to save / invest in the face of retirement? Or how much […]

CASE STUDY

Context

 

I have some friends, that we will call Juanito and Pepita, that are about 35 years old and with a young son who are beginning to think about retirement. For me, the moment in which I began to think clearly about retiring early was also at approximately 35 years old and this age […]

ADVANCE TOWARDS RETIREMENT

Stairway to the sky

 

It is clear that the plan is not to retire at 65, we have already talked about this, for me the form is the countdown, which helps me think about moving towards the main objective. In short, the plan is to cut back from the retirement age to go down:

[…]

WHEN IN FEAR . . . PLAN . . . A, B, C, D . . .

Fear:

I think one of the big problems for early retirement is fear, I’ve been writing lately about how little by little I’m beginning to see the end. There is still a long path to the goal and we have to keep it cool, but everything is progressing properly and the vertigo is becoming real.

[…]

TAX OPTIMIZATION

Optimize tax payment based on your salary

 

There’s still a lot of time to do the taxes, but it’s never too late to start planning.

Many times the clearest and most direct savings are in front of us, camouflaged, and we can not see it. This is the case of taxes. We always see […]

SET THE AUTOMATIC PILOT

Be Patient

 

The best thing is not to get nervous, be calm, be patient and let things take their course, without haste but without pause. This is much easier said than done. Being patient and letting the plan develop is one of the most difficult processes. Remember the Patience of Water? Check the post […]

SOME EXTRA HELP

Everything counts

 

Almost all of us who are trying to retire early have some source of income beyond the main job, many have several. The more the better, but without forgetting life, the enjoyment, the family, the loved ones. . .

That´s not me . . .

Pilates?

I teach Pilates classes, once […]

Together or not?

When your partner wants but can not . . .

 

What to do when your partner can not retire when you can? This is one of the great dilemmas of early retirement. Sometimes your partner does not want to because he has a good career, or other plans, but this is not the theme […]