Passionate about financial independence and early retirement at thefinancepatriot.com

Our early retirement draw-down strategy, embracing the 10% penalty

If you have already been planning for early retirement, you are probably well versed in strategies to accumulate wealth on a tax advantageous basis.  As you move further along this accumulation path successfully, the desire to exit the workforce can become overwhelming.  Once one is used to saving a large percentage of their income, it becomes imperative that they transition to a withdrawal strategy as they plan on pulling the plug on full-time employment.  This article will detail the what, when and why of our unique draw-down strategy. Skipping the Roth ladder Some of you already reading this may be

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The life lessons learned from my newspaper route

Before the world wide webs, there were newspapers that were delivered to your home.  Back before these dying newspapers hired drivers for all their routes, they would hire kids that would deliver newspapers to your box or your door. When I was 12, I got my own newspaper route.  I am not sure why everyone in my family had a newspaper route, but it was almost like a right of passage.  When you reached this early age, you woke up at 4.30 am in the morning, grabbed a load of newspapers that an early morning van dropped off at your

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Reflecting on the first 26 days of early retirement

As many of my blog and social media followers know, July 5th was my last day of full time employment.  I am officially retired.  How do I feel so far?  If I had to pick just one word to describe it, rested is the word I would use.  For some reason, I just wasn’t getting as much sleep when I had to wake up at 7 am each day and be at work after 8 am.  Now if I wake up in the middle of the night and have trouble getting back to sleep, I am simply able to just

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Sun, fun and rum; A review of our family Puerto Rico trip

What do you get when you combine a tropical breeze, lazy days at the beach, a water park, along with a National Rain Forest and a really cool 400 year old City?  The answer, Amigos, is our family trip to Puerto Rico. Where did we go? As previously noted in this article, we planned a trip to El Conquistador resort, which is about 45 minutes from San Juan, Puerto Rico.  Our Southwest flight took about 6 hours, including a layover in Tampa Bay, FL, to fly into San Juan.  Upon arriving in San Juan, we picked up the car we

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How to earn more than 2% cash back with Citi price rewind

If you’re like most people striving for financial independence, you probably want to take advantage of every offer and angle you can in order to speed up the time to your financial independence date.  If you are responsible with your credit cards and pay your balance in full each month, a nice and simple cash back credit card is probably an attractive way to get some of your purchase prices back. For those of you interested in just having one simple cash back credit card with a high cash return and no annual fee, I recommend the Citi Double Cash

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Finding your frugal compromise without destroying your relationship

“You spent how much?”  Does this sound familiar?  So often I have read about how we über frugal early retirement weirdos are supposed to somehow magically, perhaps via telepathy, in-grain in our spouse our love for frugality that comes naturally to us. Question, how many of you out there have grown up, with identical values, parents, lifestyles, hobbies, as your spouse or partner?  I’m waiting… Can I be painfully honest here, just for a moment?  Most of us do not have spouses that share the same love/passion/desire for FIRE as we do.  Usually, from what I have read, one person

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Livin’ life on the frugal edge- My work lunch strategy

At times I feel like a bit of a soldier in my office, complete with frugal armor, and surrounded by sword wielding spenders intent on destroying their hard-earned income as fast as they can.  How can one simply see $10-$12 per day, OR MORE, exit their wealth empire without even flinching?  The sad truth is, they purchase a hot lunch each day from a local establishment at a hefty price.  Even worse, some will drive their automobiles to do this. How I stock my work lunch There is no one right or wrong way to pack a work lunch.  Some

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A beginner’s guide to early retirement investing and financial independence

So you’ve paid off all your high interest debt, have a job, and know that one day you would like to either retire early and/or become financially independent.  For nearly two decades, I have been successfully saving and investing for early retirement.  So what are the next steps? It seems personal finance advice is all over the board and can be overwhelming. I am here to tell you that financial independence planning is easier than you think. Here is your easy and comprehensive guide to early retirement investing. Step One: Max out your contributions to your 401(k) plan (or 403b,

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Planning our Puerto Rico dream vacation; 7 nights, 4 guests, Kayaking, El Conquistador resort, points and miles, $2000

The Finance Patriot’s family is happy to announce our plans for a dream vacation, to Puerto Rico, in May.  This will take place just prior to our kids’ elementary school lets out. The four of us will spend a week relaxing, sunning, swimming, eating, celebrating my wonderful wife’s 19th anniversary of her 21st birthday, and Kayaking to see the world’s most stunning Bio-luminescence display.  After our week in paradise, it’s going to be hard to go back to the day job. We chose Puerto Rico, in part, because of the ease of travel with children.  As a US territory, Puerto Rico

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So you wanna be a baller? Frugality vs. Side Hustle- only one clear winner

“You can’t be a baller on a budget.”  These were the words a friend of mine, who sells Audis,  uses to sell luxury cars to people who want to haggle the price of a car down and, consequently, cut into his commissions.  I can assure you that, in order to achieve financial independence at a reasonable or early age, you absolutely can not spend like a baller. Financial Independence requires building up your net worth quickly, but how? If you are like I was, you have a vague idea that you should be saving as much as you can, pre-tax, and

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