Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Keeping your focus
Old 01-18-2003, 01:03 AM   #1
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
Keeping your focus

As in any important endeavor. keeping focused on your
early retirement goals is critical to having it come to
fruition and function as you would like. It is easy to
make choices which end up setting back your ER
planning. In my case (especially right after I semiretired), I would see business opportunities
everywhere. Getting involved would have tied up my
time and my cash, and restricted my freedom to come and go at will. I treasure that far more than any possible gains from business adventures. Luckily I
resisted the impulse and now it is much easier just to
ignore that stuff. Travel light my friends. It will pay

MRGALT2U is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Keeping your focus
Old 01-24-2003, 10:21 AM   #2
Recycles dryer sheets
Join Date: Sep 2002
Posts: 78
Re: Keeping your focus

I'm at that point right now, trying to stay focused. Any guidelines on how to strike that balance between focusing on ER goals without feeling like you're depriving yourself?

I recently bought a house. I'm still in sticker shock, and I still can't get over the fact that owning a house costs so much! But it's helped my life tremendously by slashing my errand times and commute down to something manageable (like almost nothing). However, I do plan to sell the house when I RE and move someplace much cheaper.

I tell ya, though... I'm still torn about how I feel about this house. It needs a little work, not much. But I don't know how much I should spend on this house vs. saving toward RE. Any tips on how to balance the future with the present? I'm STILL struggling with this one!

ChocoKitty is offline   Reply With Quote
Re: Keeping your focus
Old 01-24-2003, 10:55 AM   #3
Recycles dryer sheets
Join Date: Jun 2002
Posts: 212
Re: Keeping your focus

But I don't know how much I should spend on this house vs. saving toward RE.

In thinking about some of your former posts, CK, I would say you may fear enjoying the present a bit when you could be doing something useful like saving for retirement. Living Below Your Means is dandy, as long as you don't forget to Live.

Try a priority list. Figure out what you would like to change most about your house. Give yourself a reasonable amount of time to save for it (1 day is to little - 3 years is too long) and start putting part of your savings towards the number one thing on your list. Just putting that money aside for a specific purpose ought to bring some joy all by itself. And you still be putting money aside for RE.

You've worked hard all your life. You deserve to enjoy the present as well as the future.

arrete is offline   Reply With Quote
Re: Keeping your focus
Old 01-24-2003, 10:58 AM   #4
Recycles dryer sheets
Join Date: Sep 2002
Posts: 78
Re: Keeping your focus

arrete, as always, you are truly helpful! Thank you (I still refer to your "Lessons Learned" post on the REHP from time to time).

Ah yes, living in the present. Tough to do for me. Very tough. So naturally, that's probably the thing I should focus on....
ChocoKitty is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Keeping Track Of What Warren, George, And Other Gurus Are Doing Danny FIRE and Money 2 12-06-2006 08:37 AM
ER Forum Losing Focus? retire@40 Forum Admin 8 11-02-2006 09:03 PM
Keeping old documents Michael Moore FIRE and Money 17 06-11-2006 02:00 PM
Keeping ER secret shiny Other topics 17 08-05-2005 03:51 PM
Ditching What You Don't Like, Keeping What You Do hocus Young Dreamers 25 03-18-2005 11:01 AM


All times are GMT -6. The time now is 05:35 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.