I’ve been medium-obsessed with the idea of early retirement ever since I discovered this little blog called Mr. Money Mustache a couple years ago.
Seriously, read it. You might get sucked in, and it’s OK.
The hero of the story (Mr. Mustache) retired at age 30 after a decade of working in the corporate world, living frugally, and investing wisely. If retirement is the ultimate goal of working your career, doesn’t it make sense to accelerate that process as much as you can?
The basic formula goes like this: once you have 25x your annual spending in invested net worth, you can theoretically live off growth/interest/dividends in perpetuity.
That’s an incredibly empowering idea, and like nothing I was ever taught about “retirement” growing up. All of a sudden it becomes a concrete goal instead of some nebulous 30-40 year-from-now concept.
Last year, I broke down my own annual spending in detail to see what it would take. (We spend around $40-45k a year.)
On today’s episode you’ll meet Jeremy Jacobson, who retired at 37 and now spends his days traveling with his wife and soaking up new cultures and experiences — and blogging about financial independence.
I “discovered” Jeremy through a guest post he did over at BudgetsAreSexy, and was anxious to learn more about his story (and maybe selfishly get some early retirement advice for Bryn and myself!).
This is different from most episodes as it’s not necessarily about making more money, but rather being more conscious with the money you do make, and the freedom that can afford you down the road.
If you really want to geek out on this stuff, I highly recommend checking out his site, GoCurryCracker.com. Plus I like his haircut :)
Free PDF Download:
- Personal Capital: Set-up a free account to begin tracking your net worth, get investment and allocation recommendations, and plan for your (hopefully early) retirement goals.
- How Jeremy retired at age 37, despite living in a relatively high cost of living area (Seattle).
- A glimpse into their frugal lifestyle that allowed for a 70% saving rate.
- The 4% Rule.
- The kinds of investments Jeremy holds.
- How inflation and market swings may or may not impact your early retirement.
- Jeremy’s 100% legal way to pay no taxes. (Disclaimer: I’m not an accountant and didn’t fact-check this)
- Where the Go Curry Cracker name comes from.
- Jeremy’s #1 tip for Side Hustle Nation.
Jeremy was also kind enough to send me links to his most popular material:
- How we saved for retirement in 10 years instead of 40.
- The plan for never paying taxes again.
- All of our expenses.
Free PDF Download: