Today, I have a guest post featured on Making Your Money Matter. Below is a snippet, but please click on over to read the whole post.
Within the next three years, I should be able to reach FIRE. That means by the age of 40, I should have the ability to never work again. If you told me that I could retire in my 40s back when I first started working, I would have told you that you were nuts. I fully expected to work well into my 60s, or even longer than that.
How am I so close to FIRE?
Firstly, I made a concerted effort to always eschew debt.
Growing up, my parents taught me to hate debt. They wouldn’t carry credit card debt. The only debt that they had was their mortgage. Each month, they were laser-focused on paying their mortgage down until finally, they paid it off. At the time, I couldn’t understood why they cared so much about being debt-free. I was also probably too focused on the newest Nintendo game, and when they would tell me it wasn’t in the budget, I was mad. Why would they put money towards a mortgage when they could have allocated those funds towards buying me the latest video games? You don’t have to tell me how silly and juvenile I was at the time. Now that I’m older (and a little wiser), I understand their priorities.