The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: How low can you go?||Date: 1/14/2000 5:38 PM|
|Author: notlance||Number: 2209 of 709077|
This is my first post so be gentle with me.
It seems to me it's not how low can somebody possibly go, nor is it how low can somebody like me can go. Rather, it is how low can I go? The best way to answer that question, IMHO, is to keep track of what you have spent in the past. And by that I mean every dollar. Over the last 7 years I have kept track of 99.7% of my spending. (I wish I knew where that last $200/year was going.) I found out I spend more that I thought.
But now I know where my money is going, and I can plan my early retirement (28 April, 2000 at age 43) accordingly. I know I will spend about $1500/year on bicycling, (Wow, that much on bicycles?) and about $0/year on greens fees.
A man's got to know his limitations (and weaknesses).
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|