What are my early retirement goals?

my-goalsSince it is important to set goals, I thought I would proclaim mine here, so you understand where I’m coming from and where I’m trying to go.  Unfortunately, I am not yet at the start of my 5 year plan, but I’m getting closer every day.  While I previously didn’t do any calculations to determine the feasibility of my goal, I wanted to retire early.  From a fairly young age, I arbitrarily picked (guessed) age 50.  I know that’s not extremely early, but it’s far earlier than most colleagues retiring around age 62 with reduced Social Security benefits or age 66 with full benefits.  And it’s far younger than any one I personally know…until I found out former co-worker Jeremy from GoCurryCracker retired at age 38.

Goal Reset

Somewhat recently, I had to completely reset all of my plans.  Just about 2.5 years ago, I had a very large set-back to my plans.   Continue Reading →

Setting Goals for Early Retirement

goal-plan-2In the words of the Twisted Sister video I Wanna Rock, “What do you want to do with the rest of your life?”  That’s an excellent question.  We hear it throughout our lives.  We are asked as little kids, “What do you want to do when you grow up?”  We are asked in a job interview, “What do you see yourself doing in 5 years?”  It’s good to have goals.  Without goals and something to aspire to, how do know what to do to get there?  While it’s good not to have every minute of your life planned out, I don’t think it’s good to live life completely aimlessly either.  Of course goals can be specific, but they do not need to be.  The further out, the more generic they can be.  As time passes, you can refine your goals.  As you do more research, you can refine you goals.  And of course, just like a kid who’s asked what they want to do when they grow up, even adults are allowed to change their minds.

I have a goal of early retirement.  That is my goal.  Knowing that this is my goal, it means I need to work towards financial independence.  I want to be FIRE.  Financially Independent, Retired Early. Continue Reading →