I was lucky enough to be invited on the Radical Personal Finance podcast last week. The host, Joshua Sheats, “interviews others to learn from their success, to hear what they’re doing and how they’re winning.”
During the interview, Joshua points out that retiring at 33 is kind of radical and asks me to explain to an audience not indoctrinated into the Financial Independence / Retire Early world how it’s possible to retire that early. I do my best, but you’ll have to listen to the podcast to find out how successful I was.
After graduating from law school ten years ago, Jane has practiced as an attorney and ended up in Washington, DC married to another attorney. Most 30-something attorneys working at big law firms in big cities are making a ton of money and spending most of it living the high life.
Jane and her husband made the conscious decision to split from the herd of her high-spending colleagues and do the bizarre. They paid down huge law school debts, saved boatloads of money, tactically bought a home at fire sale prices, and carefully managed their expenses and investments to bring about a certain level of financial independence in their mid-30′s. Though they won’t be retiring early immediately, their money savvy behavior will allow them to execute a “coup de career” very soon so they can get back to living life on their own terms.
September. An ugly month for our investments, but an awesomely fun month for us. After making $33,000 in August, we gave it all back and then some in September by lopping $50,000 off our net worth. Our spending was roughly in line with our budget in spite of almost $2,000 in unplanned vacation expenses (the “awesomely fun” part).
With $6,125 of income in September, we more than covered our $2,802 in spending. More than half of our income came in the form of dividends and interest from our investment portfolio.
While on our road trip through Canada, we rented a two bedroom apartment in Quebec City. The reviews at AirBnB were great and made the place sound clean and well-appointed. It had a large kitchen with plenty of room for us to cook. The living room was spacious and had enough seating for our family of five. The bedrooms had comfortable beds and plenty of linens.
Unfortunately, the apartment was filthy!