Most people on this path are NOT thinking about social change. They are thinking about minimizing spending, maximizing saving, optimizing everything from travel to housing to clothes. There comes a time, though, perhaps when you are close to FI, perhaps when you are asking yourself whether how you spend money supports your purpose in life…[Read more]
These are all fantastic large scale ideas. I’ve been trying to change things in a very small way at my workplace by offering my time during lunch and creating a group where people can discuss retirement and financial planning. I also want to encourage my employer to explore offering a financial wellness program. Participation in our employee…[Read more]
Hey grant, this is what many people find, that post FI expenses go down. Life is less expensive perhaps because of all the treats we buy ourselves while working to make up for how grueling life on the job can be. Our vacations might be more expensive cuz we buy packages rather than design them ourselves creatively. so many ways life gets both…[Read more]
I am 77 this month and I have been working on YMOYL since I retired at 55. I totally agree that expenses can go way down and the Enough becomes easier to obtain as one practices and works at this program. One does not know where and how it will work out, but keeping the daily accounts and tracking your money has a magic about it.
Keep reading and researching the many ways to decrease ones cash flow.
When we were actually test driving our own FI, we realized that every month there’s be “something” – an appliance, a trip to the ER, supplies for the garden, a trip – until we realized that every month has such unusual expenses and factored those in. I’m not sure what the unusual expense factor was… probably something like 10% more than…[Read more]
This is an excerpt from the chapter on work and since it’s about “enough work” i’m posting it here. The idea of a “job” is recent in human history. Before industrialization in the middle of the 19th century, most people lived, worked and died in villages where a sense of belonging engendered a natural morality (if not sympathy). So in this chapter…[Read more]