Millionaire Librarian
A Middle Class Path to Early Retirement
Category: Uncategorized
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I’ve been thinking lately about which choices actually got me here — not the spreadsheet-optimized version of my financial life, but the real one, messy timeline and all. Some decisions I got right for the right reasons. Some I got right for reasons I’m not proud of. And at least one thing I got wrong,…
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Part of moving to Ecuador was selling everything we owned in the States. We sold both our cars and all our furniture. We sold extra clothes and other household goods, and what we couldn’t sell we ended up donating or throwing away. Before we boarded planes to an entirely new country with only a few…
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Health 2947 Rent 2700 Culture 2505 Transport 2448 Restaurant 1946 Food 1794 Preschool 1790 Household 1634 Alcohol 931 Utilities and Phone 584 Housecleaner 500 Apparel 485 Beauty 480 Other 458 Pets 188 Social Life 182 Education 40 Total 21,617 3602/month So looking at the last 6 months, a couple of things stand out. First, our…
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I want to mentally withstand the urge to take my money out if the market drops 30%. I’m 100% stocks, but that means I’m entirely in index funds because I trust the future of the world — or things are so bad that I don’t care. It is easy to invest in single stocks or…
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Cut early in your life and invest to build your nest egg. When you retire with, say, $750k invested, in median market years you’ll earn around 10%, or $75k, from your investments. If your base needs cost $30k, you have plenty of room. In good years, spend more — $40k or so — and set…
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Part of the reason we chose Ecuador as our home is the language. Spanish is a Romance language, and English has some Latin roots, so many words between the two are similar. This was a welcome change from my time in Korea, where almost no words overlapped with English. I had also taken some Spanish…
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One challenge you will face having children in Ecuador is education. Some families homeschool their children. I know there is a large homeschooling community in Vilcabamba. There is a small homeschool meetup here in Cuenca that we have attended — we went bowling. There is a great Facebook group called Expat Parents in Cuenca that…
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One of my hobbies is reading and writing on Reddit. Over the years, I have developed my own pet peeves. One is people writing on FIRE who are retiring at a traditional age or just showing off their high net worth accounts. Maybe it is just hearing the same things over and over that gets…
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March Budget: $2440.40 Rent $450 Health: 397.78 Preschool: $265 Food: $254.88 Household: $231.90 Beauty: 200.34 Restaurant: 149.50 Alcohol 90 Pets: 87.50 (We got a dog!) Apparel: 70 Other: 68 Utilities and Phone 66 Culture: $48 (Spanish lessons) Transport: 41.50
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This is a question I hear all too often. Someone retires—frequently earlier than expected—only to find themselves bored and restless. Perhaps they miss the status and power of their previous career, or maybe their budget is a bit tighter than anticipated. There is also a notably high rate of medical issues following retirement. In my…
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