As of 2016, most Americans retire somewhere between ages 61 and 65. I decided I didn’t want to wait that long. So I started looking around at investment strategies, savings calculators, and early retirement communities, such as Mr. Money Mustache. After some thought, I decided that I wanted to make a run at an “early” retirement. Over the course of this blog, I will share my insights, advice on saving and spending, and the lessons I learn along the way (there will be plenty).
I’m no financial adviser. I’ve never worked on Wall Street, or even held an position in finance or accounting. But with a net worth just shy of $450K at age 33 at the beginning of this journey (95th percentile, according to Federal Reserve data), I do consider myself a frugal spender and avid saver. And very fortunately, the love of my life shares similar qualities.
My wife and I both know the pitfall of debt. Through scholarships and multiple jobs, we got a head start on financial independence by graduating college with no student loans, which is becoming increasingly rare (in 2016, 60% of college graduates have student loans). We’ve also never held any credit card debt, taken an auto loan, or any form of personal loan (mortgage excluded). We have a young daughter, so college savings plays into the retirement picture. But with any luck, we will be able to pursue scholarships for her as well.