This is the miracle of compound interest. No wonder Mr. Einstein dubbed it the Eighth Wonder of the World and man’s greatest invention. It is a powerful force to grow your wealth if you have the commitment to see it through.
When Can I Retire?
We looked at each other mortified. This formula was saying that if we lived the same lifestyle we had, I would have to work until I am 69 years old and my wife 64 years old. Yes, it is about the average age of retirement in the U.S. So why were we shocked?
How Much Do I Need to Retire?
Before being exposed to financial independence, I had no idea how much I need to retire. Why would I? I am still decades away. I had no knowledge of investing of any kind because I always thought that it was gambling and that only rich people gamble.
Oaxaca Mexico | A Budget Friendly Quick Guide
Considering that the average cost of a 12-night international trip is $3251, this might be pushing it. But we are confident in our research, we chose Oaxaca Mexico knowing that the cost of this trip would be much less than the average. Today we will explain how we planned and spent the budget for Oaxaca Mexico trial retirement.
Budget | 8 Reasons Why it’s Not for Us
The budget is one of the most essential part of our financial journey. It is the rock on which all our financial goals stand. It is amazing how such simple tool could be so powerful.
Oaxaca Mexico | The Why and How of Trial Retirements
This idea of doing trial retirements was foreign to me before we were able to pull it off. This is because I cannot imagine myself not working for a significant amount of time and in turn not having a paycheck. Our Oaxaca Mexico trip showed us that a life of travel is a possibility.
TheraFIRE 