Back in November of 2017, a tired, burned out version of myself was pushed past his breaking point. After months of mandatory unpaid overtime, morning self pep-talks, stress-eating, and yelling at coworkers, the old Joel finally had enough. He walked up to his boss, and with a surprising, zen-like calm, gave his two weeks notice. … Continue reading FI Without RE
Well, it finally happened! Today was my very last day of cubicle life! To be honest, I’m a little surprised myself, seeing as how determined I was to make it until January to help us hit our FI number. That’s right. I’m RE before FI. I don’t know if this qualifies as retired early, since … Continue reading Oops. I QUIT!!!
Few concepts are as misunderstood in the FIRE community as the (ominous voice) “early withdrawal penalty.” More accurately described as section one of tax code §72(t)*, this is the additional 10% income tax that applies to withdrawals from tax deferred retirement accounts taken before age 59½. As I browse the various financial independence forums, I … Continue reading Don’t Fear The “Penalty”!
**Update 7/17: The Milestones of FI is now a featured episode of the ChooseFI podcast! We elaborate on the content of this article, and discuss a few additional milestones as well. Check it out here.** When my wife and I first discovered the financial independence community, we were beyond excited. We binged through the Mr. … Continue reading The Milestones of FI
I’m writing this post from beautiful St. Simons Island, relaxing in the sun and enjoying a much-needed vacation away from work. A vacation which, interestingly enough, wouldn’t have happened if I didn’t leverage the power of FU money. What is FU money? Well, I’ll let Jim Collins, the author of “The Simple Path To Wealth” tell … Continue reading The Power of FU Money