Welcome to Retired 2 Ride

    You are really retiring to ride your bike more?
 
    You mean bike(s).* Yes for the most part…and no. Let me explain.
 
    My wife and I are 37. A few years ago (2014) I stumbled upon the FIRE (Financially Independent Retire Early) community online. Mr. Money Mustache to be specific. I was struggling with the status quo of finance and looking online for some outside of the box thinking. As I quickly found we shared many beliefs with other FIRE advocates. Without getting into future posts, I will say we took our already frugal ways and refocused them. 
    
    In the years since, we have reached a couple of our financial goals. One was to pay off our mortgage and go 100% debt free.* We achieved this goal in 2016. Our next step was to plow as much money into our savings and investments as possible. As of our current standing we have a total stash that could provide about 50% of our yearly income for the rest of our lives.* I realize that we are only halfway to the ultimate goal, but it is still a significant milestone. 
    
    The problem I have now is defining what I am doing and why I am sort of retiring now. To start, I looked at the definition of retire. Usually the first definition for retire is to cease work, as in forever. However, I found the second definition more interesting. It simply means to withdraw. So no I am not ceasing to work, rather withdrawing from teaching. After teaching for 14 years I am ready to withdraw from the regular world of work (school technically).
    
    For now, I am calling myself a freelancer. In what? Whatever comes along and looks interesting (or pays so well I can’t refuse it, although that has gotten me in trouble in the past). I also have the luxury of having a wife that is still working…and her commute takes about 30 seconds from our bedroom to our kitchen table.  So yes, I have a backstop in case my freelancing doesn’t work out. But here’s the thing, after a lot of conversations with her, we realized that we will probably always work enough to cover our modest living expenses (about $28,000 a year).* So instead of pushing hard for a couple more years, I figure why not Retire 2 Ride more now.
    
    My future posts will focus on:
  1. How I view personal finance
  2. What we teach our kids about money
  3. How we got to where we are now financially
  4. A bit of cycling, travel, and anything else I find interesting 
 
Hope to see you back for the ride,
Dustin
 
*I have future posts planned to explain these numbers in detail. It drives me crazy when people are vague with numbers etc… If more of us spoke freely about personal finance I think a lot less people would struggle with their own personal finances.
Ready to Downhill in Curahuasi, Peru

5 thoughts on “Welcome to Retired 2 Ride”

  1. Love this! I am jealous and wish I had made these kinds of decisions. Here is a quote I think you both will appreciate:

    The master in the art of living makes little distinction between his work and his play, his labor and his leisure, his mind and his body, his information and his recreation, his life and his religion. He hardly knows which is which he simply pursues his vision of excellence at whatever he does, leaving others to decide whether he is working or playing. To him, he’s always doing both. —James Michener

    1. Saving or investing 50% of your take home pay is a great start. Aggressively paying off all your debt also comes to mind. Hope this helps your “friend” out. I will be getting to all of these points soon.

  2. Good luck with all your plans and dreams. Enjoy your time with family and friends. Wish you all the best in your future endeavors. Love, Charlene

Leave a Reply

Your email address will not be published. Required fields are marked *