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How to Retire on $250,000

How to Retire on $250,000

Last year one of my most popular blog series was a “How to Retire On…” $100,000, $50,000, $25,000 and $10,000. This was an exercise of imagination and logistics based on how I would retire if I had a minimal dollar to work with. I included ideas on how I would...

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5 Ways to make your Portfolio Less Risky

5 Ways to make your Portfolio Less Risky

The media is reporting on the inverted yield curves, repo market madness with the banks, student loan debt defaults and plenty of other areas of financial doom and gloom. With all the spooky talk of a recession let’s look at 5 ways you can lessen the risk in your...

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Living Life in a Non-Traditional Way

Living Life in a Non-Traditional Way

Living a non-traditional life can lead to a lifetime of adventure. Not only will you be able live as you wish but often it will lead to keeping more money in your bank account. The dream of a traditional home with a white picket fence is not as desired as it used to...

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5 Conflicts of Interest in the Investment World

5 Conflicts of Interest in the Investment World

I was a full-service financial advisor for 24 years. It was the only career I ever had. Besides shoveling horse manure back on the farm I grew up on, it was really the only thing I knew how to do well. Often in my career, the manure I was dealing with in the financial...

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5 Huge Benefits to being Debt Free

5 Huge Benefits to being Debt Free

It can feel like you’re dragging a big anchor around when you have a large amount of debt. Debt comes with stress and that can weigh on you mentally and get to the point where it even starts to affect you physically. Here are the 5 huge benefits to being Debt Free:...

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The True Definition of Retirement

The True Definition of Retirement

Webster’s dictionary defines retirement as “withdrawal from one's position or occupation or from active working life.” Society further defines the standard for retirement to happen at the age of 65.  If you fall into line with society standards, then you can’t blame...

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4 countries near the U.S. where you can live on a budget

4 countries near the U.S. where you can live on a budget

Did you know there are countries not too far from the U.S. where you can live really cheap? A large percentage of folks will never look at other options or even do the research to see what’s available to them, but it’s true. Maybe this blog will start to get the...

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The lessons I learned growing up in a Funeral Home

The lessons I learned growing up in a Funeral Home

I have seen life enter this world with the birth of my children and I’ve seen that life can exit this world without warning. The time in between birth and death is not assured. As a kid, I spent a good bit of time at the funeral home my family ran for over 100 years,...

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Does Corporate Loyalty Still Exist?

Does Corporate Loyalty Still Exist?

The short answer is: Rarely. Pretty much gone are the days that you work for one company for 40 years and retire with a gold watch and a pension. Employees had opportunities to advance and move departments so as not to get stagnant in one job. Training and education...

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Do You have enough to Retire Early?

Do You have enough to Retire Early?

Do you have enough to Retire Early? There are two ways to look at this question. 1) You’ll continue to work until you have enough money to live like you do now. or 2) You will shape your lifestyle to the money you have. So let’s unpack these answers. Some folks will...

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Is Buying Gold a bunch of BS?

Is Buying Gold a bunch of BS?

You see the fear mongering ads online and on TV “A stock market collapse is coming. It’s time to buy gold now.”  Are these messages just a bunch of BS or is there something here you should pay attention to?  Now, I have no idea when the next stock market...

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5 Things Stopping You From Retiring Early

5 Things Stopping You From Retiring Early

Human nature tends to take us down the path of safety. The path of the “tried and true”. A large number of people will live their life without ever stepping out of their comfort zone. They will never test themselves, take a risk and will continue to flow with what...

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Investment Fees:  What do You REALLY pay?

Investment Fees: What do You REALLY pay?

About halfway through my 24-year career as a financial advisor, I had a local gentleman come in to get a second opinion on his brokerage and retirement accounts. He was focused on just his account performance so when I asked him how much he was paying his...

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The DIAL System Now Has Its Own Home

The DIAL System Now Has Its Own Home

BIG NEWS! The DIAL into Retirement System now has its own home at DialIntoRetirement.com ! If you've been following along in the past you may likely know that DIAL stands for Debt, Income, Assets and Lifestyle and it’s the super simple system I created a few years...

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Are You Awake?

Are You Awake?

Take your life off autopilot and start living the life you want to live. What’s it going to take to get you to wake up? How many excuses and obstacles are you going to put in front of yourself to delay the freedom you really want? There are signs all around us...

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Self-Directed IRA’s: How to buy real estate with your IRA

Self-Directed IRA’s: How to buy real estate with your IRA

Self-Directed IRA’s are a bit of an enigma because financial advisors rarely speak of them (they don’t get paid on them and most advisors can’t do them) so unless you specifically go searching for them, chances are you might not be familiar with them. A self-directed...

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How much Money is Enough for Retirement?

How much Money is Enough for Retirement?

How much money is enough for you to retire? Is it $250,000, $500,000, $1,000,000, $2,000,000 or perhaps more? How much money will you need to retire early? If you listen to the personal finance entertainers on TV, you might need as much as $6,000,000 to retire early....

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A Life with No Regrets

A Life with No Regrets

Bronnie Ware wrote the book “Regrets of the Dying”. She worked in palliative care for years and she questioned her patients about any regrets they may have and if they would have lived their life differently if they could go back. Here are the top five answers when...

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The Internet can be Your Escape Hatch from the 9-5

The Internet can be Your Escape Hatch from the 9-5

When I was in the fourth grade, I loved collecting and trading baseball cards. Growing up on a farm in a rural community in eastern North Carolina, there were only four kids who had an interest in trading cards. The pickings were slim. A few years later, I setup a...

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A Few Hours and an Open Mind

A Few Hours and an Open Mind

Give me a few hours and an open mind and I’ll get you on your path to getting Retired Early. Now we are not talking about magic, pie in the sky, overnight success. None of that B.S. Depending on your financial situation it very well could take a few years to execute...

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3 Things You Need to Retire Early

3 Things You Need to Retire Early

Retiring at age 55 years old has a different look and feel than retiring at 65  and that’s because it is different. To pull off a successful early retirement, you need three things:   1. An Open Mind Open your mind and you open your world.  The word retirement...

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Screw Keeping Up with the Joneses

Screw Keeping Up with the Joneses

Every heard that saying "Keeping up with the Joneses"? Keeping up with the Joneses is best described as measuring yourself and your material possessions against friends and neighbors. Most of us know that it’s a foolish game to play but yet we still get sucked into...

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Spring into Clarity about Your Retirement

Spring into Clarity about Your Retirement

Thankfully spring has arrived, and the dark, cold days of winter are behind us. Once again, it’s time for us to get the lawnmowers out and bring life to our gardens. If you haven’t started already, it’s also time to bring life to your early retirement plan and I’m...

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5 Myths about Retiring Early

5 Myths about Retiring Early

Over the years I've heard a number of misleading things about Retiring Early.  Here are the top five:  1. You’ll need $5 million dollars in order to retire early. This was a myth started by Suze Orman during a podcast interview. If you need $200,000+ a year in income...

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What’s Your Relationship with Your Money?

What’s Your Relationship with Your Money?

What’s your relationship with your money?During my 24-year career as a financial advisor, I saw just about everything you could see in the financial world. One area that intrigued me was the relationship people had with their money. Some folks guarded their money like...

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Roth IRA: The best retirement account for Retiring Early

Roth IRA: The best retirement account for Retiring Early

How many things can you think of these days that are truly tax-free?Not many. Here is a short list: municipal bonds, college 529 plans and Roth IRA’s. You can also save on taxes by offsetting capital gains with capital losses in your stock portfolios, although our...

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My Pet Peeves with the Investment Industry

My Pet Peeves with the Investment Industry

For over 24 years I worked in the financial services industry as a financial advisor. I started with a very large brokerage firm, then with a large bank and finally I ran my own practice. Back in 2017 I was feeling burned out and was losing passion for what I was...

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My Interview on The Next-Level Income Show

My Interview on The Next-Level Income Show

I had a blast doing this podcast. Chris and Caleb were great hosts. As you know, most podcasts are audio only so I thought it was pretty cool that this one was going to be audio and video. You can enjoy listening to this podcast via all the main channels...

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The Most Important Part of Your DIAL

The Most Important Part of Your DIAL

Before writing the book, Retire Early What are you waiting for? I created a process I call DIAL into Retirement and it’s the same process I used in order to retire at age 48. My goal with the DIAL was to simplify the retirement process and make it easy for...

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What I Learned Selling My RV

What I Learned Selling My RV

I sold my current RV. It was mostly due to not using it quite enough at this stage in my early retirement, but also due to some foresight - a desire to get a more rugged setup. Our plans are to travel the back roads, dirt roads and mountainous roads out...

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Am I Bored?

Am I Bored?

“Aren’t you bored?” is a question I get quite a bit when people find out I left the full time corporate life behind. I hadn't really thought about it much until people kept asking me. Last night I had a conversation with a gentleman on LinkedIn that got me...

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What I’m learning from Downsizing

What I’m learning from Downsizing

In my book “Retire Early What are you waiting for?” I discuss different ways early retirees are choosing to live their lives. There are people living mobile lifestyles, moving to a foreign country and some just simplifying their lives. What do all these...

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What’s the One Attribute You Need to Retire Early?

What’s the One Attribute You Need to Retire Early?

If there is one attribute needed in order to retire early, it is open-mindedness. Every person who has retired early has this, let’s call it a trait. For some personalities it's a developed trait and doesn't come easily. Our lives have been shaped by our...

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Income Properties Can Save Decades

Income Properties Can Save Decades

by Mike JohnsonThe biggest downside of building a nest egg for retirement is TIME. It takes time to save and invest and accumulate money. Usually DECADES of time.There is a way to get around this. Instead of accumulating money, accumulate mostly-passive...

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Ask Eric is born

Ask Eric is born

What I have is a very particular set of skills. Skills I have acquired over a very long career. Skills that make me an asset for people like you. Twenty-four years. That’s the number of years I was a financial advisor before selling my practice and walking...

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Recently Published by International Living Magazine

Recently Published by International Living Magazine

The weekly blog a few weeks ago was about writing for additional income in retirement - and in that I referenced a piece I had done for International Living as an example that I would be sharing when it was available. Here it is! This is the article I...

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Retiring Early is about Freedom

Retiring Early is about Freedom

Albert Einstein once said “Everything that is really great and inspiring is created by the individual who can labor in freedom.”What is freedom?Freedom can be a physical place, an activity or a mental mindset.  For me, it’s flexibility to do what you want,...

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Retirement Income from Writing

Retirement Income from Writing

When planning your early retirement, the key is to make sure you have all the areas of your DIAL (Debt, Income, Assets and Lifestyle) in order and working together. Looking at your income, this could be a fixed withdrawal from an investment account,...

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Eric Gaddy Turns 50 Years Young

Eric Gaddy Turns 50 Years Young

It’s official. As much as I don’t feel it, I turn 50 years young on Sunday December 30th. The days and weeks have been slow whereas the years have flown by. 50 does not feel any different than when I turned 40. Turning 40 didn’t feel any different than…

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Stock Market Volatility 2018

Stock Market Volatility 2018

The stock market moves in one of two directions: either up or down. Lately it seems to have been going down quite a bit.  Currently, the S&P 500, which is comprised of the top 500 publicly traded companies in America, is down 7.8% so far for the month...

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Obituary of Eric Gaddy

Obituary of Eric Gaddy

Eric Rogers Gaddy, of Asheville, North Carolina, died peacefully at the young age of 92 on April 20th, 2060, making good on the promise he made Deb in 2009, to live to at least 92. He often expressed "the bare minimum is enough, if the minimum is set high...

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Retire Early Tutorial – Eliminating Debt with the Snowball Method

Retire Early Tutorial – Eliminating Debt with the Snowball Method

In many cases, DEBT is the big ball and chain holding folks back from getting free earlier in life. And if at all possible, you want to have little to no debt when you retire. Debt must be dealt with in order to get on the road to seizing your freedom, but it doesn’t happen overnight. That being said, the closest thing to “magic” is called the

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77 Jobs You Can Work While Traveling

77 Jobs You Can Work While Traveling

Knowing your financial numbers is critical when it comes to planning your retirement. The fact of the matter is that most people have a “pretty good” idea of what their numbers are but there are a lot of folks that could benefit from getting clear on them in detail.

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Knowing Your Numbers and Being Able to Access them Easily

Knowing Your Numbers and Being Able to Access them Easily

Knowing your financial numbers is critical when it comes to planning your retirement. The fact of the matter is that most people have a “pretty good” idea of what their numbers are but there are a lot of folks that could benefit from getting clear on them in detail.

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One Year Update

One Year Update

November marks one year since I sold my financial advising firm and walked away from career stress.How would I sum up the past year?  Freeing and Frustrating are the two words that come to mind.Freeing because I was no longer under the watchful eye of a...

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Does Everyone Need Life Insurance?

Does Everyone Need Life Insurance?

Life insurance is designed to protect your family or someone you care about. That can be in the form of paying off a debt, like a mortgage, replacing your income, leaving an inheritance or for estate planning purposes. Does everyone need it? No. If you’re...

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Focused or Fed Up?

Focused or Fed Up?

When planning your early retirement, it is important to know what you’re trying to accomplish.  Are you focused on running towards a certain lifestyle or are you fed-up and running away from your current lifestyle? Sometimes it’s both. But it's important...

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Retire Early Online Course Coming Soon

Retire Early Online Course Coming Soon

From the start, when I conceived of writing the book, my goal has been to make the retirement planning process simple for others. So much so that folks could even learn how to strategically retire EARLIER. From that came the DIAL into Retirement System™....

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GoodRx: Discount Prescription Service

GoodRx: Discount Prescription Service

Hands down the number one question I get about how to retire early is regarding managing the costs of health care and prescriptions. GoodRx is a discount prescription service that could save you hundreds of dollars on your next refill. The service uses...

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The Two Stages of Investing for Retirement

The Two Stages of Investing for Retirement

There are two stages of investing when setting yourself up to retire at any age. The first is called the accumulation stage. This begins the first time you invest $1 in the stock market. You might be 22 years old and starting your first job which offers...

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My Way

My Way

I’ve always connected with music and my all-time favorite song is “My Way” by Frank Sinatra. The song is about someone reflecting at the end of their life and how they lived on their own terms. There were a few regrets “but then again, too few to mention.”...

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Turning a Hobby into Income

Turning a Hobby into Income

When retiring early, you’ll want to have as many income sources as you can. One way to get more is to turn your hobby into an income producer. Today I’m going to take a hobby for a lot of folks, woodworking, and show you some different ways you can make...

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Book Launch Party

Book Launch Party

We had a ball last night at the Book Launch Party in Asheville, NCI'd like to thank all of those who supported this project, and I'd even like to include the naysayers, because you gave me an extra kind of fuel to get this done. And now it's lead to other...

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How to DIAL into Early Retirement – Part five of five

How to DIAL into Early Retirement – Part five of five

In the previous four blogs, we’ve discussed the components that make up the DIAL.  DIAL is my simple system for helping people understand how to retire earlier in life. DIAL stands for Debt, Income, Assets and Lifestyle and when you get these four...

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How to DIAL into Early Retirement – Part four of five

How to DIAL into Early Retirement – Part four of five

LIFESTYLE In this series we are working our way around the DIAL. First we talked about debt, then about income, and last week, assets. Now we are onto the fourth component of the DIAL. Lifestyle. We measure debt by adding up the balances of what you owe....

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How to DIAL into Early Retirement – Part three of five

How to DIAL into Early Retirement – Part three of five

It's a big myth that you have to have $1 million dollars in order to retire. Now that might be true if you are living in a gated community, member of the local country club and drive a new BMW or Audi every two years during retirement. However, most people...

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How to DIAL into Early Retirement – Part two of five

How to DIAL into Early Retirement – Part two of five

As a retired 24-year financial advisor, I’ve seen my fair share of complicated answers. There were answers that never really answered the question and there were answers that were so complicated that it left your head spinning and you almost wished you'd...

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How to DIAL into Early Retirement – Part one of five

How to DIAL into Early Retirement – Part one of five

If you asked me two years ago “How do I retire early?” it would have taken a long back and forth discussion. I would ask questions then punch the numbers. Then ask more questions, and keep punching the numbers. (Keep in mind, at that time, I was a...

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What do you want to be when you grow up?

What do you want to be when you grow up?

At five years old, we’re innocent and protected with unencumbered minds.  Eventually we grow up and take off into the world on our own and our childhood way of thinking begins to fade. We’re older and wiser now, but we shouldn’t forget what we wanted when...

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Mentally Trapped

Mentally Trapped

From the day we are born, our thought patterns are shaped by the people around us.  In the early years it’s our parents.  As we grow it is life experiences and the people we meet.  No matter who or what has influenced us, society and its standards have...

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A Day in the Life of a Retired 49 Year Old

A Day in the Life of a Retired 49 Year Old

Last year, I sold my financial advising firm and walked away from a 24 year career at age 48.  I was actually “done” about a year earlier but I needed time to get my affairs in order.  As a retirement planning expert, I knew what to expect and what I...

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Divorce and Retiring Early

Divorce and Retiring Early

Divorce and Retiring Early. Two words that generally do not go well with each other. When a marriage dissolves, nobody comes out of it unscathed regardless of how the marriage ended. When children are involved it makes divorce even tougher to navigate. In...

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Retiring Early to a Foreign Country

Retiring Early to a Foreign Country

Leaving the comforts of the home and the city you have lived in for many years to move to a foreign country can be both scary and liberating at the same time.  Why would a person move to a foreign country when they seem to have everything they need here in...

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What If You Only Had 5 Minutes

What If You Only Had 5 Minutes

Your house is on fire.  Your family and pets are safe and now you have exactly five minutes to run into your home and grab everything that is important to you.  What are you going to grab? Since we were children, we’ve been sold on the idea that we need...

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How to Retire on 10K

How to Retire on 10K

This is the fourth in a series of four blog posts on how I would structure my life if I had X number of dollars.  For me retirement is all about enjoying traveling.  So, I won't leave that out of my plans, even with limited funds.  I will walk you through...

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How to Retire on 25K

How to Retire on 25K

This is the third in a series of four blog posts on how I would structure my life if I had X number of dollars. For me retirement is all about enjoying traveling. So, I won't leave that out of my plans, even with limited funds. I will walk you through my...

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How to Retire on 50K

How to Retire on 50K

This is the second in a series of four blog posts on how I would structure my life if I had X number of dollars. For me retirement is all about enjoying traveling. So, I won't leave that out of my plans, even with limited funds. I will walk you through my...

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How to Retire on 100K

How to Retire on 100K

This is the first in a series of four blog posts on how I would structure my life if I had X number of dollars. For me retirement is all about enjoying traveling. So, I won't leave that out of my plans, even with limited funds. I will walk you through my...

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A Bucket of Crabs

A Bucket of Crabs

Over my 24-year financial advising career, I met with over 8000 individuals and couples which gave me a glimpse into human behavior.  I never took a poll, but I guesstimate that 70% of the people I came in contact with were optimistic and happy people.  ...

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The 4% Withdrawal Rule

The 4% Withdrawal Rule

For many years, the rule of thumb on how much income you could withdraw out of your portfolio and still maintain or grow your money has been 4%.  This started many years ago when financial advisor, William Bengen, came up with what is now known as the 4%...

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Trading Freedom for Money

Trading Freedom for Money

It’s true that if you work until you are 65 years old and beyond, you’re more likely to have a lot more financial stability than if you retire at age 50.  However, you won’t have much freedom left.  Typically, people start slowing down at age 75 so if you...

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Are You a Spender or a Saver?

Are You a Spender or a Saver?

You’re either one or the other. Throughout my 24 years as a financial advisor, I met with over 8000 couples and individuals. Although I never conducted a scientific survey, I did see a pattern. Roughly 60% of the couples were balanced with one spouse being the spender...

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My Motivating Picture

My Motivating Picture

Yes, that is me in the middle of those two beautiful girls. I don’t remember when or where it was taken although it appears to be at a wedding. I’m guessing that I’m around ten years old which would make the other two girls the same age because they were...

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Health Insurance and Retiring Early

Health Insurance and Retiring Early

The cost of health insurance is one of the biggest reasons why people choose to continue to work even when they are ready to retire early. Premiums have skyrocketed over the last few years and options for coverage have started to dwindle with many...

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Tulum Mexico Scouting Trip RECAP

Tulum Mexico Scouting Trip RECAP

What a wonderful trip. Tulum is a beautiful town and the people there are absolutely wonderful. We visited Mayan Ruins, cenotes, the beach, explored the town and just relaxed with mojitos. The trip started off with a bang as I got pulled aside by a customs...

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Scouting Trip #1 – Tulum Mexico

Scouting Trip #1 – Tulum Mexico

Five years. It’s been five years since I last took a week vacation. That disgusts me when I think about it. The days, weeks and months have flown by and it was just recently that I sat back and thought about the last time I actually took a full week of...

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How I Define Retiring Early

How I Define Retiring Early

Webster’s defines retirement as “withdrawal from one’s position or occupation or from active working life.” This is how all of us have defined what retirement is and how we look at it. My definition is a bit different. I define retirement as “Withdrawal...

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Buying our RV

Buying our RV

Almost two years ago, I set out to find the “perfect” RV and boy did my head start spinning very quickly. Part of the problem was I was a total newbie when it came to RV’s. The other problem is that my long-time girlfriend Deb and I couldn’t agree on what...

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Retire Early: The Book and the Blog in 2018

Retire Early: The Book and the Blog in 2018

Happy New Year! The book is complete and next I'm shopping printers and release dates! The first section of the book is the “How To” retire early that everyone is messaging me asking about. In the second section we'll discuss areas such as healthcare and...

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I just retired at 48 – Here’s the How and the Why

I just retired at 48 – Here’s the How and the Why

Growing up, the family business was a mortuary. At seven years old, I was helping my mother move dead bodies. I never thought it was weird because I had grown up in that environment and I didn’t know any different. That experience left me with two lasting...

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So Much Wasted Time

So Much Wasted Time

Growing up in the 1970’s with two older sisters, there always seemed to be a Tiger Beat magazine laying around. It was common for Leif Garrett, David Cassidy, Donnie Osmond and Shaun Cassidy to be on the cover or on a poster in my sisters room. One of the...

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Chomping at the Bit

Chomping at the Bit

Hello all! If the overwhelming response that I’m getting to the very moderate campaign I’m running on Facebook right now is any indication of how badly we all need this info, then I can’t wait to see how many lives are changed from this release. That being...

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Setting the Table

Setting the Table

Welcome to first blog post in a series of many. So What is this Blog all about? Mentally I'm "setting the table" to help as many people as I can with my upcoming Book "Retire Early...What are you waiting for?" This blog is the pulse of this project, but it...

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