Now obviously the particular order of things during our week is contingent on when we can actually do things. Social tennis might be on a Thursday instead of Wednesday, etc. But that’s the incredible thing about retirement. You can shuffle things around as you want. You don’t have 9 to 5, Monday to Friday roadblock of work in your way. So I don’t expect my week to look exactly like what I just outlined above. But I do hope that I get to do all of those activities, about as often as I indicated.
Drum roll: we have switched to a nine-day working fortnight. We’ve talked before about being cautious about working part-time hours but being expected to deliver full time outputs. Well, this way we’re still putting in full time hours for minimal sacrifice. Basically it’s one extra hour a day of work, with one day a fortnight off in return while keeping our pay the same. We’re still doing the same full-time work hours. The total work hours before retirement is the same.
We’ve spoken before about how you need purpose in retirement. Not just something to fill your time, but something that makes you want to get out of bed; something that brings you happiness. What that purpose is exactly will differ from person to person. But when my wife Ellie and I retire, we want to have fun, be healthy, and do some good in the community. Today’s post is about what I’d like to do with my time during an ordinary week when we retire.
We’ve set ourselves a pretty strict ground rule for our one extra day a fortnight off, because for as long as we’re working our free time is still scarce. Basically, this is a day of doing. It’s not a day for catching up on sleep. It’s not a day for lounging about, watching TV, or sitting on a computer. Neither is it a day for chores and housework. And there is absolutely no work work involved. Work mobiles stay at home. Laptops remain firmly closed.
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Our blog readers aren't shy to ask questions! We've got five more questions from you to put us through the ringer in our latest reader Q&A. - Do you track every last cent in your budget? - Did you have any real life role models to inspire your FIRE planning decisions? - Most people do monthly net worth/spending updates? Why don't you? - Saw your post on saving for a new car down the track. Would you consider a used car as well? - What's your FIREcalc number? How low would you be willing to go?
Once again we put the call out if you had any questions for us, and you duly obligated. Thanks as always to everyone who writes in, regardless of whether it’s for one of our Q&As or for anything else. Feel free to drop us a line at any time. We love hearing from you. This time around for our Q&A we have an eclectic mix of questions. From budget tracking to a new car; role models to income and net worth updates, and FIREcalc for a bit of fun. A big thank you to everyone for your questions.
The 2020s have been a pretty diabolical decade so far. Given that we’re meant to be retiring within this decade, I’d like to think it’ll get better. But given the last two and a half years, I’m a bit more wary than I thought I would be at this stage! Basically, it hasn’t been a good start to the year, and it’s not looking like it’ll really improve any time soon. Given that we’re half way through the year, it’s time to take an unvarnished look at how the year is going.
Our blog readers aren't shy to ask questions! We've got five more questions from you to put us through the ringer in our latest reader Q&A. - Do you track every last cent in your budget? - Did you have any real life role models to inspire your FIRE planning decisions? - Most people do monthly net worth/spending updates? Why don't you? - Saw your post on saving for a new car down the track. Would you consider a used car as well? - What's your FIREcalc number? How low would you be willing to go
While we were quite optimistic with our goals for 2022, I think the lived reality has been a bitter pill to swallow. Given that we’re half way through the year, it’s time to take an unvarnished look at how the year is going. All up it was the goal was to see our net worth jump $563,000 or 15.7% from $3,566,000 at the start of 2022. Warning: choppy financial progress ahead.
The usual catchcry in the FIRE community for saving money on housing is geoarbitrage. Essentially this means moving to a lower cost of living area - saving money on the capital cost of your home, or having lower living expenses. However, today we’re not just talking about moving away from traditional high cost of living areas, where the core mechanic really is good old supply and demand. Instead we’re talking about things like how your climate and geography can impact your living costs.