Husband and I in a nutshell:
Ages 45 (me) & 48 (he). Early retirement possible, not through dint of hard work, savings, and frugality; no, we earned our money the old fashioned way--we inherited it (about .5 mill).
Challenges: learning to save, spend less, live more frugally in order to retire in 6 or 7 years. We still have 2 kids at home (ages 10 & 15).
Resources: we are both public employees in a state where the public employee retirement system is threatening to go bust, but if it doesn't, we are both eligible for pensions which we can draw at age 55. We have paid off all credit cards and car loans.
Interests: I have been monitoring the topic on the pros and cons of paying off mortgages early--I'm still a bit boggled by the ins and outs of that. I think we will choose to pay off our mortgage and invest the money we save from that. (Our mortgage interest is 6.9% and it's either pay off or refinance).
I am also interested in the sections on living more simply before and after retirement. That has a huge appeal for me, even though we are used to spending money freely. My personal goal is to remain debt free for the next 6 years, if not for life.
That's about it! No opinion about dryer sheets, by the way. I 'll have to look around for a swell avatar to use.
Ta.
Ages 45 (me) & 48 (he). Early retirement possible, not through dint of hard work, savings, and frugality; no, we earned our money the old fashioned way--we inherited it (about .5 mill).
Challenges: learning to save, spend less, live more frugally in order to retire in 6 or 7 years. We still have 2 kids at home (ages 10 & 15).
Resources: we are both public employees in a state where the public employee retirement system is threatening to go bust, but if it doesn't, we are both eligible for pensions which we can draw at age 55. We have paid off all credit cards and car loans.
Interests: I have been monitoring the topic on the pros and cons of paying off mortgages early--I'm still a bit boggled by the ins and outs of that. I think we will choose to pay off our mortgage and invest the money we save from that. (Our mortgage interest is 6.9% and it's either pay off or refinance).
I am also interested in the sections on living more simply before and after retirement. That has a huge appeal for me, even though we are used to spending money freely. My personal goal is to remain debt free for the next 6 years, if not for life.
That's about it! No opinion about dryer sheets, by the way. I 'll have to look around for a swell avatar to use.
Ta.