Sep 11, 2008

Introduction

As stated in the description to this blog:

My plan is to retire at 40. That doesn't mean to stop working, it means to stop working for other people. I want to financially secure so I can do whatever it is that interests me ... which of course may still be to try and earn a decent amount of money at the same time! At least I'll be enjoying whatever it is I choose to do :-) This blog is about my journey towards that goal. Wish me luck!

I wanted to the above description this in the first item since I expect it will change over time and this helps remember what this blog is all about. Not only that but it will keep reminding me why I'm doing what I'm doing ... saving money, being frugal though still enjoying myself ... since in the future I hope to be doing a lot more of that.

hello, world
Photo: oskay

This blog also lets other people know what I'm doing, not because they're interested in me but because they're interested in doing the same thing themselves. I mean, who wouldn't want to retire at 40?

Finally, let me just define what I mean by retire since it's probably not what a lot of people think. My plan is to be able to quit my day job by the time I'm 40 and go and do my own thing. I won't be able to live on my savings since it won't be enough but I want to be in a good finacial position whereby I don't need as much income. Whatever I do (future postings to define some possibilites) it'll be a hobby of some sort and something that I entirely enjoy. Also I'll be my own boss which will make a big difference.

I hope you enjoy taking this journey with me and maybe you can let me know how you're getting on too.

2 comments:

nigel said...

The best of luck to you! Being a young man with a lot of disposable income means I shall follow your adventures with interest ;).

I have a question though - you're obviously going to be budgeting - how much information about your finances are you going to reveal? How much, in this day and age, are you happy revealing?

retire-at-40 said...

Nigel, thanks for your wishes of luck.

You're right, I don't think I'll be happy revealing too much information about my finances. I see a lot of PF blogs that do but I'm not that comfortable. Of course, people may see this as a distraction from the blog itself.

However, the blog is more about how I'm doing it, rather than how much money I'm saving. I'm of the opinion that these techniques can be used no matter how much income you have and how much you need so I feel it is relevant without revealing actual figures. In some cases I will but probably only for small amounts.