Tagged: Inflation

How Much Is Enough For Early Retirement - Sitting On Bench 8

How Much Is Enough For Early Retirement?

A little while ago Len (from Financial Farmers – go check them out) commented on my post How We Made Our First Million Accidentally. He asked about financial freedom, not having to work, and early retirement. In my reply I talked about maintaining principal, inflation and a bunch of variables. We both had similar goals (although 40 seems a little to soon for me), but had very different capital requirements ($3+ million vs $1.25 million). So I wanted to redo some of my calculations, and was also questioning some of my assumptions. Needless to say, I jumped straight to Excel and put in...

Fancy Car 11

Fancy Car Or Expensive Holiday

After my last post on ways to waste your money, one of my friends came to me and asked about why I had not included fancy cars on the list. You could argue that a ride in a fancy car could come under activities, or that learning covers off car mechanics, but neither are really a justification for owning a fancy (read: expensive) car. There is a reason for that, I am not a fan of fancy cars. Or more specifically, I am not a fan of the cost implications of fancy cars. What’s Wrong With A Fancy Car? There...