How quickly can you retire? Part 2: The advanced calculation

Posted by on 18 September 2018 in General Early Retirement

Recently I outlined the 10 second calculation to understand how much you need to retire. Basically, we need to save 25x our annual expenses.

That’s a great rule of thumb. But if you’re like me, you still had a bunch of questions like “how long will it take me to save that much?” and “how much of my income should I be saving?”.

I hear you! In this post we walk through the Ordinary Dollar Early Retirement calculator — a simple to use (but very powerful) tool that helps calculate different retirement scenarios.

Once we’re done you’ll have a much more detailed understanding of how much you need for retirement, how long it will take you to get there, and how much money you can spend once you’ve retired.

Congratulations! You’re about to take a big step towards early retirement.

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August Net Worth Report

August 18 Net Worth Report: Back on Track

Posted by on 9 September 2018 in Net Worth Reports

Last month I shared my net worth to the public for the first time. I was pretty nervous — but I didn’t need to be!

So now I’m back for more, here is my August net worth report.

This month’s focus was to get back on track after spending lots and lots of money on my Europe trip in July. I’m proud to say that I was able to contain my spending, whilst finding a really fun (but still reasonably cheap) new hobby.

In fact, I’m starting to think that the secret to early retirement might just be persistence, being mindful about your spending, and appreciating the little things.

Read on to find out more…

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