Finance

Where Are We Now?

[ Day 4 of 2000 ]

On Day 1, we talked about how we would need a million dollars to retire. And I announced that we would be doing that in 2000 days. BusyDad was not keen on putting our financial details on the internet because he doesn’t want people to know we are “rich”. I didn’t want it out there because reaching a million dollars in 2000 days will seem impossible once I tell you how much we have right now. Especially when we take into account how long it took us to make what we now have.

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Finance

Fear Of The Unknown – How Do We Know When Enough Is Enough?

[ Day 1 of 2000 ]

The hardest thing in deciding to retire early was determining how much money we needed to retire.. Honestly, it is still scary. We cannot afford to run out of money, say, after 20 years.

Imagine the regrets if one of us fell sick a few years from now, especially after our skills are not relevant any more. Knowing that we could have easily afforded the treatments, etc, had we just continued working a bit longer… That would kill us then and there.

What if GBoy gets into a great school like Harvard or MIT but does not get a scholarship? Will I be happy for him to attend a slightly less prestigious college just because we cannot afford the fees? It would have been fine if we could never have saved up that much. But the truth is, we can save that much. Given the acceptance rates at those places, I think we are safe. But the same scenario could occur with other colleges in their place.

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