Posts Tagged ‘money’

Early retirement

Tuesday, January 6th, 2009

On January 26th, 1977, a momentous occasion occurred that forever altered the course of the world. That event, of course, would be my birth.

In 20 days, I'm going to be 32. That only gives me three years until I reach 35, which is the age that I've always told myself I would retire.

It's still completely within reach. Since hiring that little evil blonde Pandora's box of profanity, sex appeal and attitude, the business has done very well, and new implementations are only going to serve to increase our revenue.

I tell myself, half-joking, that all I need is to sell my company for about $50 million, and I could retire safely. But what does it actually take to retire? Do you calculate the income you need for the next fifty years? Do you just pick a high, random number? Would $1 million be enough for me to retire comfortably? Probably not. But 5? 10?

How do I figure these things out? And if I did ever end up with $10 million or more, could I swim in it like Scrooge McDuck?


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Guest post alert! Not to be overly congratulatory, but I wrote a poignant and hilarious guest post for Lotus over at Sarcastic Mom today – go check it out and leave me some comment love!

I support my local economy!

Monday, January 5th, 2009

Yesterday, I mentioned that we're looking at our bills and budget for 2009. Typically, we don't pay too much attention to that type of stuff (yeah, I know, really smart, right?), but with the economy slowdown, it seemed like a good time to start planning on saving money and paying down our debt.

I've cut a few costs, here and there. We stopped Netflix, because we really weren't making the most use out of it. My wife's gym membership has been canceled, because she just hasn't had time to go. I even canceled the company that comes and sprays fertilizer on our shrubs and grass, figuring that the lawn guy can do the minimal stuff that we need. Of course, I can't cancel the lawn guy or the pool guy – that would mean I'd have to go out there and do it. That's ludicrous.

There's one other thing that I refuse to give up, too – my meals out.

I see eating out as my way of supporting the local economy. I'm helping to keep all of these local restaurants in business, which benefits me directly because it keeps property values higher. There's nothing that devalues property like a bunch of abandoned buildings from business that went bankrupt.

"But, wondrous Avitable," you might say, "how much help could you really be providing to the local economy just by eating meals out?"

Ah, dear reader, that's what I just calculated!

In the average month, I spend about $2,500 on dining out (not counting lunch I buy for employees). That's $30,000 a year – pretty much enough to pay for the salary of a server, hostess or cook.

Most people would say that if we just spent $300 every two weeks on groceries and ate our meals at home, we'd save almost $2,000 a month. I say that plan sucks! First, we'd have to cook, and then that would require cleaning up, too. Secondly, my absence from the restaurants locally would cause the Altamonte Springs economy to spiral downward and before long, our house would be worth less than we paid for it, and our neighborhood would be filled with all types of miscreants who park their car on the yard and drive big trucks and use food stamps.

So, instead of taking the easy way out and cooking at home, I'm making this sacrifice for the betterment of my local economy.

Some people might say that I'm selfless. Others might say I'm a hero.

Me? I think I'll go with selfless hero.

Let's get frivolous

Wednesday, April 2nd, 2008

I hope everyone enjoyed yesterday's April Fool's design and post. The book review was actually something that I was asked to do, so I hope everyone runs out and buys their copy immediately. Not that I get any proceeds, but I'd love to keep getting young adult fantasy novels to review. This could be a great new gig! Maybe then I could quit my job and pay for my house with boring posts where I don't let anyone comment or anything. Ah, to be Dooce.

Speaking of sell-outs and money-grubbing, we finally heard back from our accountant about our taxes. Just like last year, we'll end up with a little over $10,000 as a refund. Last year, I "paid" myself with our refund rather than taking it from the company to make sure that the company would survive our slow period. This year, while that's probably not necessary, we're going to be fiscally responsible with the refund and use it for boring old expenses and savings.

But.

But…..

What if I didn't have to do that? What if I was one of those white trash morons with fourteen pitbulls and twelve kids that aren't even mine growing marijuana in my backyard who has most of their furniture and appliances on rent-to-own? One of those lovely people who consider their savings account to be a coffee can under the bed that gets emptied out to go to the casino. What would I do with $10,000 then?

I could buy:

What frivolous items would you buy if you could spare an extra $10K?