Last week Noah at Money Metagame announced he and his wife were considering what he called a "gap year:" taking time off from the workforce to go on an "epic road trip across the country." I thought this was an excellent idea, and told him so on Twitter. Then I started riffing on gap years and realized the thing I liked least about it was the idea of limiting it to a … [Read more...] about If a gap year is good, a gap life is even better
There is a phrase I frequently read and hear from financial independence types that I find extremely confusing, and which is one of many reasons I find the concept of financial independence troubling, at least as I've seen it promoted on the internet. The phrase is: "depending on what the markets do." A typical formulation is, "we'll be financially independent in 2018, … [Read more...] about What is going to happen to your financial independence after the crash?
It's no secret that I'm a cheerleader for self-employment and entrepreneurship. I now run two blogs, this one here on the Saverocity network and another at freequentflyerbook.com. I've never asked anyone permission to start a business, I don't have a "business license," I just run a business like a goddamn American. That's the spirit I'm trying to promote here: if you aren't … [Read more...] about This should be a golden age of entrepreneurship; why isn’t it?
An important conceit of a variety of forms of financial advice, including the financial independence space but also genuine financial planners, is the avoidance at all costs of "lifestyle inflation." Lifestyle inflation, the theory goes, is the curse of spending additional money on living expenses just because your income increases, whether it's due to raises, promotions, … [Read more...] about In defense of lifestyle inflation
I understand that I sometimes come across as a bit crotchety when it comes to the early retirement blogging community. Nothing could be farther from the truth! I retired at 29 and haven't regretted it for a day since (if Mitch McConnell manages to scrounge up 50 votes to take away my health insurance we can revisit this discussion). Anybody who advocates quitting your job and … [Read more...] about My stubborn preference for mutual funds over ETF’s