A large number of Americans on the cusp of retirement, those aged 55 to 64, are in trouble. According to a recent Bloomberg editorial, the median household retirement savings for people in this age group is a meager $14,500. Fourteen thousand, five hundred dollars is a scary number. It effectively means that half the households …
Continue reading “Can Tiny Houses Solve the Retirement Crisis?”
Are you groovy enough to take the Spartan Challenge? I don’t mean a race or an athletic competition. I’m using the dictionary definition of Spartan as an adjective to mean ‘marked by strict self-discipline or self-denial’. Do you have a costly vice? Or some excess that isn’t worth the time and money to maintain? Maybe you …
Have you thought about buying a second home? Maybe you’ve dreamed of owning a vacation retreat? Like many of you, Mr. Groovy and I have had visions of escaping to our own little wonderland. I’d like to share with you what we have learned as we pursued buying land and building a second home. Reasons …
The goal of any self-respecting freedomist is to free himself or herself from the tyranny of financial dependency. When you have to work in order to survive, you’re financially dependent. When you don’t have to work, when you only labor because it suits your whim or excites you, you’re financially independent. To achieve financial independence …
If you want to be financially independent, and no longer have to work, you’ll need to save at least 25 times your annual living expenses. For a great blog post explaining the logic behind this rule, I highly recommend this one from Mr. Money Mustache. Now, if you’re a person of modest means, like me, …
Continue reading “Best Home Gym You’ll Ever Need, and for Under a Hundred Bucks”