Root of Good on Radical Personal Finance Podcast

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.

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Case Study: High Earning Attorneys Shun High Spending Lifestyle

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.

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September 2014 Financial Update

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.

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Our Bad Experience With AirBnB Rental Had A Happy Ending

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!

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Canada Trip Part 6: Trip Wrap Up

Quebec City was as far as we made it on our trip. We decided to call it quits, pack up, and go home after we found out our apartment for the week in Quebec City was really, really, really dirty. That’s not to say we didn’t enjoy our limited time in Quebec City. It’s a cool place with lots to see. We, as a family, were travel weary.

We were worn out. We set out on what was supposed to be a five week trip with dual goals of sightseeing and relaxation. We visited all kinds of places and saw most of the things on our wish list. But that took a toll on our efforts to relax.

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Canada Trip Part 5: Quebec City, Canada

After enjoying a week in Montreal, we hit the road for a few hours to travel further north and east to Quebec City. The drive between Montreal and Quebec City is really easy since the entire route is all freeway and well signed for motorists. We arrived at our apartment for the week and met the owner who gave us the grand tour of his two bedroom corner unit. While the owner was with us in the apartment, I didn’t notice anything odd about the place but Mrs. Root of Good certainly did. I’ll skip that part of the story for now though.

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Canada Trip Part 4: Sightseeing in Montreal, Canada

Montreal is well suited to sightseeing by car, on foot, by bike, or by transit. The subway runs through the metro area and bus routes were plentiful as well. We ended up driving everywhere partly because transit fares add up quickly for a family of five, and partly because it was more convenient for us with young children to take the car. If we flew in to Montreal, I doubt we would have rented a car and we could have made do with the excellent public transit.

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Root of Good Interview On The Voluntary Life Podcast

A few weeks ago I had the opportunity to sit down (virtually) with Jake Desyllas and discuss the financial moves and life decisions that put me in a position to retire by age 33. Jake runs The Voluntary Life podcast, which features over 160 podcasts recorded to date that cover entrepreneurship, financial independence, and freedom among other topics.

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