Calculating our Expenses in Retirement
To declare yourself financially independent and go running jubilantly through the streets, you have to hit your target number in investments. How do you come up with your target number? You figure out your annual expenses and You pick a safe withdrawal rate (SWR) that gives you the warm fuzzies […]
Whither Shall We Wander?
When the BITA family first meandered down the path to financial independence, we came up with a timeline and a rough plan. I’ve reproduced below an excerpt from our plan: “2022: We sell our house, add a nice chunk of change to the stash and move to some yet to […]
Are Experiences the New Avocado Toast?
If you choose to blow your hard earned cash on avocado toasts, soy lattes or monster trucks Australian billionaires will mock you and men with large mustaches are likely to offer to punch you in the face. On the other hand, should you claim to be spending on “experiences”, you […]
It’s Time To Make A Shopping List
When you first run into the concept of financial independence, and realization dawns that it is not a pipe dream reserved for trust fund babies, you feel exhilarated. You plan, you dream, you do back-of-the-napkin math or, depending on your proclivities, whip up a fancy spreadsheet or two. Slowly though […]
On the path to financial independence: July 2017
The BITA household perspired its way through a really warm July. Though sweat trickled down our backs on more than one occasion, our iron resolve did not waver and our thermostat stayed put at a robust 84. I have alluded to our uncomfortable thermostat setting in past posts, but I’ve […]
Why I’m Not In The Poor House
Any long time reader of this blog will know that I came to the Church of Financial Literacy late in life. I was 37 when I finally decided that being a financial idiot was just, well, idiotic. I was a little less than two months shy of my 38th birthday […]
Free is Fabulous (and where to find it)
Last week Toddler BITA’s school had a superhero day. Toddler BITA owns no superhero costumes, but she went dressed as super(wo)man. How? She wore a cape borrowed from someone in our neighborhood. When Toddler BITA turned 3 in April, we gave her a little piano and a ride-on dump truck. […]
The Power of Perspective
“The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be.” ― Douglas […]
You Want to Move Where?
“What will you do about healthcare in early retirement?” “I’ll just move to a country that has it all figured out.” “Are you sure your nest egg is large enough?” “Yep. I’m going to move to a country with a much lower cost of living and live like a king […]
Pretirement: A Review
Ever wished that your purse contained a countdown clock to the date you will be financially independent? Ever asked yourself whether making the effort to save an additional $20/month is really worth it? Ever tried to convince a recalcitrant spouse that buying avocado toast twice a week really is going […]