Would You Rather Have Freedom or Stuff?

One of the most important trait that people who want to retire early need to practise is minimalism. If you keep buying more stuff, you will take longer to retire. I made this mistake early in my life, but I was not too late to correct course. Especially because some of the things come with a burden of lifetime maintenance; for example owning a car. The constant repairs, upkeep and insurance keep adding to your expenses. Not just vehicles but every single thing that you own, ends up owning you. So if you would rather have freedom, you have to … Continue reading “Would You Rather Have Freedom or Stuff?”

Borrow From Future or Gift Yourself in Future?

Would you borrow a gift from the future or would you rather save up for a surprise gift in the future? That is how taking a loan vs saving works. If you take a loan, then you are borrowing money from your future. If you are saving, you will gift yourself a surprise in the future. Make your choice. In this post, I want to elaborate a bit more on step 2 of How to Retire Early in 5 Steps — Rid Yourself of Debt and Save Aggressively.   Debt is almost always bad because you are borrowing from your future, and … Continue reading “Borrow From Future or Gift Yourself in Future?”

Funding Children’s Education

After reading my earlier post on How to Retire Early in 5 Steps, some of my friends asked me if it is realistic to be able to achieve early retirement given the soaring cost of children’s education. So I thought I should elaborate a little bit, which is what this post is all about. I want to preface by saying the following I personally did not plan expenses for my child’s education since I do not believe in the current education system and we decided to home school our child I don’t believe expensive schools impart better knowledge than cheaper … Continue reading “Funding Children’s Education”

Math Behind Financial Planning (FV, PV and Annuity)

Saving early is one of the first steps you need to take when you are planning early retirement. I talked about it briefly in my earlier post, but wanted to elaborate a little bit and may be show a few formulas along the way to help you better understand how starting early and compounding make such a huge difference. This post will help you do your own financial planning if you are so inclined. I did not use a financial planner and always preferred to do it myself. So if you are like me, you might enjoy it. Let’s start … Continue reading “Math Behind Financial Planning (FV, PV and Annuity)”

How to Retire Early in 5 Steps

Achieving early retirement is not really as difficult as most people think. But it certainly is not for everyone. Some may not like not being able to work and stay at home, some may not be ready for the simple retired life, some may feel anxious about finances (even if their corpus is as big as they wanted it to be). Going into early retirement requires the stomach to handle all those and much more. For most, it may be fulfilling to work and keep themselves busy that way. For the rest, these 5 steps will help you get started … Continue reading “How to Retire Early in 5 Steps”

Be Strategic About When to Quit

While I was able to reach my financial goal by end of 2017, I actually retired on Jun 29, 2018. The timing of my exit has nothing to do with my finances, it was just strategic. And I will tell you why it is important to time your exit properly.   The company I work for, announces bonus at the end of the year. But the bonus is only paid out in the January paycheck of the next year. And the rule is that I should be working at the time the bonus is paid out. Obviously that meant that … Continue reading “Be Strategic About When to Quit”

Accelerate Retirement With Philosophy and Minimalism

This is the continuation of my earlier post. If you have not already read it, head on over there first.   In 2016, three things happened simultaneously that changed my retirement goals completely and my life style permanently First, I got introduced to Stoicism by sheer chance which changed my behavior and attitude towards life Next, I started to read more and more about leading a simple minimalist life which changed my life style And finally, I was having a great time with my daughter and wanted to spend more time with her, which led to me wanting to retire … Continue reading “Accelerate Retirement With Philosophy and Minimalism”

Setbacks Help You Get Started

In my last post, I talked about how I put an end to my work life and transitioned into early retirement. In today’s post I wanted to talk about how it all started.   It was the winter of 2010 when I finally decided to move back to India after an 8.5 years stint in the US. The reasons were like most other people moving back to India — to take care of parents and to be closer to friends and family. Until that point, early retirement or even the thought of retirement or saving never really occurred to me. … Continue reading “Setbacks Help You Get Started”

How It Ended

And then it happened on June 29, 2018. I was 37 and I retired.   After having worked at a multinational corporation for 11 years as a software engineer, I decided to call it quits. And that is how it ended and I broke free from the shackles of hedonistic treadmill. Somehow, the few months leading up to my early retirement were calm and relaxed. I would have thought that taking such a bold step would make me anxious and restless. I think the thought of leading a simple life trumped all inhibitions.   A few days before my last working … Continue reading “How It Ended”