I am currently 33 years old and living in Sydney, Australia. My wife and I plan to retire at 35. I want to share with you how we reached that decision and how we are planning to bring it to fruition.
In order to retire so soon, we need financial freedom and that means taking practical action. I will share with you our journey and the lessons we learn along the way, so you too can achieve the financial freedom needed to focus on the things that matter most!
Of course, making the changes we are about to make necessarily requires going against mainstream beliefs. We will face hurdles and likely be subject to some social stigma as we progress in our journey, but we are prepared for this and happily accept these consequences as we work towards our early retirement goal.
When I first started thinking about financial freedom and early retirement, which I now define as Monkeyism, I browsed the web for like-minded individuals. I found a few good blogs that deal with money-saving and early retirement. Jacob Lund Fiskers’ book, Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence, is definitely a must-read on this topic.
But while those sites give you a set of concrete frugal tips to follow, I felt stronger emphasis could be placed on explaining the societal lock-in and providing the guiding principles and philosophy to break free.
Without this driving force, it is difficult to adhere to the strict rules and guidelines to reach financial freedom. This is thus the area where I see myself being able to make a contribution: Concrete and pragmatic financial advice that is united by a singular vision.
Additionally, the websites I found were quite extreme. These individuals lead lives, which from my perspective, would require many sacrifices to be as frugal. I personally aim at retiring early but without decreasing on our quality of life.
My wife and I both work full-time and have a young baby. His birth was a defining moment for us. It changed the way we experienced life, changed what we saw as important, and opened our minds to a new way of life. It was a wake-up call.
Of course these aren’t the only triggers for change. It can be another momentous occasion like illness or death, it can be an interaction with an interesting person, it can be the opportunity for reflection – Many things can spur us into thinking and action.
The fact is that most people already know what they would do if they won the lottery. What they don’t know is that they often don’t have to win the lottery in order to achieve the lifestyle they are after! What a lottery win gives you, and what many people seek, is financial freedom. The ability to make decisions without thinking about money.
We are here to tell you that you can achieve this regardless of your income level. The key is to live within your means and appreciate what you do have.
I currently work in the financial industry. I used to lecture in financial mathematics and now advise institutional traders and investors on a daily basis. I thus have a good understanding of Western financial systems and hope to share this knowledge with you. The better your financial decisions are, the less you will have to work.
I wish to shed some light on how finance works and share the practical financial tips I use. However, I don’t claim to be an online financial advisor. The techniques I use apply to my personal case but if you think they can fit your personal situations, they may help you improve the quality of your life, achieve financial freedom and early retirement.
I write this blog together with my wife. She is a university lecturer teaching strategy, leadership and other business-related topics. Together we have an excellent understanding of how Western societies are structured and particularly how business markets operate. We are thus in a good position to decipher the financial system.
I am sharing our personal backgrounds to help you build confidence in our advice. We teach finance and business. That means we understand the system, but that doesn’t mean we have to like it. So what we’re doing here is showing you how you can move outside of the system. But this blog really isn’t about us. It is about you!
We already have a mindset that enables us to be happy and financially independent in a very limited amount of time. It is now your decision whether you want a similar achievement. We just want to use this blog to demonstrate that it is possible to reach financial freedom and retire early. We can’t change your life or change the way you think or feel. Only you can make that happen.
In my line of work, people often ask me what they need to do to better manage their finances. My answer is simple: Think about what you want out of life and compare this to how you are approaching life. In 99% of the cases, it comes down to lifestyle choice.
Once there is a willingness to make changes, it is easy to just apply financial principles to earnings and spendings. The difficult part is figuring out what you want! Once you know that and are ready to change, this blog can help you manage your finances towards that end goal. The mindset is the starting point. The lifestyle is the journey. Financial freedom is the destination.
I hope you will enjoy reading our posts!