Recently on Sunday morning, Gainsville, at a biblical camp outside Florida, Nick Johnson picked up to preach, not about the Helphire and Brimstone, but about a very different fire: Financial freedom, retired early (fire). “Finally at the end of the day, financial freedom is not really about us,” he said. “It’s about the people we love and the reasons we care.”
This was a camp pi. Its attendees: Retired and aspiring retired people who looked a little in the youth side.
When Johnson met his wife, Edinah a few 30 years ago, she immediately knew, she was a saver: “Our first date, she had a coupon,” she said.
“I used a coupon! And I am not ashamed of it,” Nick said. “I knew that if I presented a coupon and had an issue, it was not my soul.”
Adinah’s response? “How many other coupons you have? What is the best deal? Wait a minute, let’s see what we can do here!”
Nick worked in the software, while Edinah was in the High Aid. And despite the modest early salary, they managed to pay their home and saved at least by consuming more, and saving $ 1.6 million on their beloved Minivan, 300,000 miles on their beloved Minivan, Big Red.
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Nick said, “I shared it with Edinah: I always wanted to be that when I reached 50 I did not want to work. And so honestly, I did not know how to get it.”
Then, during the epidemic one day, Nick was moving around on the internet and discovered the fire movement, which made it a group of camp -fi -hardcore saver and a group of careful expenses to share tips, tricks and philosophical discourse with a target … to get out of the race.
All this is inspired by Peter Eden, who blogs in the name of Shri Money Mustache. “American life is so incapable,” he said. “We all follow each other, what to do each other, and do not feel where and money is slipping from our hands. Therefore, start doing things that other people do, perhaps the first piece of advice will be the first piece of advice.”
Eden retired at the age of 30, and turned 50 this year. He said, “I often think that, because I retired so quickly, I have lived for a long time compared to a normal 50 years. Like, I think I had retired 100 years ago, because I had a lot of experiences. It was a great frenzy for the common thing, where people say, ‘Life goes very fast. Then, you miss it.’
“However, it does not solve your happiness problems,” said Aiden. “A friend of mine who also calls a blogger, like, still faced some demons and some emotional issues. And just highlighted them more to overcome their jobs,” because he could not distract himself from them anymore. “
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According to Aiden, the key to saving for retirement is to find out what is important for you – and trim your expenses everywhere.
Vicky Robin is a type of mythological figure in fire movement. He is a 1992 individual finance book, “Your Money or Your Life” co-writer (who with Dominguase). He said, “As you start explaining in detail what is important to you, you realize, like, ‘I am going to reduce the money I spend,’ because I have life energy. ‘And there are some sutras that arise in your mind, like,’ I spend less, the more life I spend. ‘ ,
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Robin’s philosophy is less about early retirement and it is more about asking what is “enough”, which is different for everyone. But the consensus of the fire movement is that, to retire, you have to save and invest your annual expenses 25 times, and then stay away from 4% decline each year.
Robin said, “It’s just,” Okay, how can I be enough for a life that is really happy, but there is no more time, so that I can free my time that I think I think I am asked to do, what I care about doing? ” And, you know, it develops over time.
A frugality that Nick and Edina Johnson say they are now withdrawing the awards with their three children: a life is defined by a lower “goods”, and they have more that enjoy freedom.
Nick said, “They are always going to remember Disney’s journey. But they are not going to remember, you know, the additional pair of tennis shoes that I bought my son. My son is not going to see, ‘Hey father, remember that you had a blazer? Man, it was great!’ ,
Asked that these early retired people look like, Adina replied, “Well, I have to choose the children, and then I have to take my son into football practice. And then I need to go ahead, I need to go ahead and do that grocery shopping.”
“It doesn’t seem that he needs my help for anyone; I will probably go to play golf,” Nick said laughing.
I saw, “Looks like one of you is more retired than the other.”
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Story created by Anthony Lodato. Editor: Emmanule Sea.
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