Tag Archives: saving money

Why $420,000 Dollars?

We’ve talked about what retirement means to us before, but we’ve never really addressed how we came up with $420,000 dollars as our target early retirement nest egg.

In this video we discuss why we chose $420k, why it’s probably not enough, and why that’s OK. Hopefully it answers some of your questions.

Links:
Retire Comfortably? https://goo.gl/ufZFR7
What Retirement Means To Us – https://goo.gl/VAeXfx
4% Rule – http://goo.gl/3LdxFy
Internet Retirement Police – http://goo.gl/eKdVmS

That’s Not Saving Money!

Today we discuss “malleable mental accounting” and how our brain plays tricks on us to circumvent self-control. Put simply, we keep a mental savings account that we use to justify unnecessary purchases.

The best way we’ve found to combat this phenomenon is the pay yourself first system. That way any “savings” you come across can be spent without thinking about it, since your long term goals are being met.

Further Reading:
http://goo.gl/W8n4HF
http://goo.gl/rCQUCw