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Author: workwayless Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1490  
Subject: RETIRE WELL ON LESS - FAQ Date: 10/17/2003 8:46 PM
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RETIRE WELL ON LESS (RWOL) FAQ


Version 1.0

Questions answered below:

Why didn't you just call the board “Retire on Less”?
How does this board's focus differ from (Retire Early Home Page) REHP or (Living Below Your Means LBYM?
What are some good books to help one retire well on less?
What are some related Motley Fool message boards?


Why didn't you just call the board “Retire on Less”?

Because that title might suggest a miserable miserly life and that's not what this board is about. I happen to believe that you don't buy a fulfilling retirement—you have to create it. And with some creativity it can be built just as well on a small budget as it can on a large one.

The quintessential RWOLers are Paul and Vicki Terhorst. They retired in their 30's and subsequently traveled around the world. Yet as of 1999, their daily expenses averaged $50 a day or $18k per year.

Of course, not everyone could live on so little and perpetual travel may not be your cup of tea. The point is that it's possible to pursue your passions even while living on a smaller budget. Let the good time RWOL!



How does this board's focus differ from Retire Early Home Page (REHP) board?


It will differ from REHP in that there will be there will be less emphasis on retirement investing. However I hope that there will be threads about how investing is different for those with smaller portfolios vs larger ones.


How does this board's focus differ from Living Below Your Means (LBYM) board?


Even though both groups live well on a smaller budget, that is probably the end of similarities in lifestyles between the RWOL and LBYM folks. Us RWOLers have usually paid off all our debt including houses, are mostly living on investments/pensions and we have lots of time to spend it (leisure/volunteer work/doing nothing) as we see fit.


Books for Retiring Well on Less


Note: It's hard to find a single book that addresses the multiple aspects of retiring well on less. On this list, you'll find books that offer creative ideas for retiring on a small budget (LESS aspect) and some that help you live a rich and rewarding life in retirement (WELL aspect) and one that addresses some of both aspects.

(Retire Well on Less)

- Cashing in on the American Dream: Retire at 35 by Paul Terhorst

(Retire on Less)
- The best of living cheap news, by Larry Roth
- Getting A Life by Blix and Heitmiller
- The Penny-Pinching Hedonist, by Shel Horowitz
- Retirement on a shoestring, by John Howells
- Your Money or Your Life: Transforming your Relationship with Money and Achieving Financial Independence by Joe Dominguez and Vicki Robin

(Retire Well)
- Comfort zones: Planning for your future by Elwood Chapman
- Get a life, you don't need a million to retire well by Ralph Warner
- Retire Worry Free by Kiplingers
- Man's Search for Meaning by Viktor Frankl


Related Motley Fool message boards:

Living Below Your Means (LBYM)
http://boards.fool.com/Messages.asp?id=1040018003509021

Retired Fools
http://boards.fool.com/Messages.asp?id=1370006000391001

Retire Early Home Page
http://boards.fool.com/Message.asp?mid=18870026

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