Happy Monday!! If you’re like me, that’s pretty much the last thing you want to read on a Monday, especially with my special addition of the second exclamation point. I seem to have a case of the Mondays every Monday, and so Sally and I are filling it to the brim with toddler-approved activities to help this day speeds by.
Meanwhile, I wanted to share a post Johnny and I wrote last week for DailyFinance. It’s about early retirement and where we stand on the issue. The title is The Early Retirement Fantasy: Why the Reality’s Not Worth It, which I think gives the gist of where Johnny and I stand on the subject. Admittedly, the article takes a strong stance and is a tad controversial because we wanted to stir up some good discussion on the subject.
We wanted to move the discussion over here to our blog to hear what you guys think on the subject. If you don’t have time to read the article, our opinion in short goes a bit like this:
- The extreme budgeting that early retirement requires is not sustainable in the long run.
- When you practice extreme budgeting for years and years, you can’t live in the present.
- Because you choose to retire early and can’t rely on compounding interest over the course of 40 years, it’s almost impossible to retire comfortably. And you don’t end up actually retiring.
- If it’s working for the man that you hate so much, keep working and spend your free time finding a way to work for yourself — rather than jumping to extreme budgeting and early retirement as the only answer.
All of this said, we don’t actually feel all that strongly on the subject, but we’re game for some good ol’ discussion, agreeing to disagree and all that. And maybe in the meantime, we’ll spice up this very Monday of Mondays.