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seems a good idea.
It’s inspiring. Check out an article at Can I Get Rich On A Salary about attaining a standard of living beyond our parents. Essentially, it’s not how much money you make or your investments but how well you save.
I couldn’t live on a boat either. I get seasick!
interesting fellow. i do know some people who don’t have health insurance, but i think it’s very risky. one accident or undiagnosed disease may put you in debt for the rest of your life. that, and soon there may be mandatory health insurance.
Thank you for this post.
I often see criticism of people like Dave Dixon. Our society is geared toward earning inches of gold, not inches of time. People who pursue the latter tend to be ridiculed.
Like you and most other people, I work. I also don’t plan on retiring for a while. How can a person who works earn time? Also, how can a person avoid becoming, as you mention, enslaved by their possessions?
For me at least, I avoid buying anything for status. You mention people slaving over houses. I know a lot of people who buy a house for social status, at least partly.
But also, I try to focus on doing what I enjoy today. I enjoy writing. I’m sure you can relate to me. So, before I go to work I write. That way at least I can say I did something I liked, no matter how stressful my day of work is. I even get up early just so I can have some time to write.
In general, if I see an opportunity to spend some time doing something I like, I do it now. That thing could be riding a motorcycle, getting Raiders season tickets or going to Vegas yet again. Of course, those things cost money that I could be saving. Some people would consider buying those things wasteful or even reckless. But in life there is never a certainty about being able to wake up tomorrow with the same opportunity to do something enjoyable. Some people spend their entire life saving and acquiring possessions with the thought of using them tomorrow, and tomorrow never comes. That is worse than being wasteful or reckless.
Yes Ian, I’m well aware of your REAL BIKER LIFESTYLE. j/k
Haha!
Well, that’s what counts.
[...] How A Man Retired Early On $565 Per Month from The Baglady [...]
Nice article. I like it because it illustrates how someone doesn’t really need $2 million or whatever AARP thinks we need to retire “comfortably” with a middle class lifestyle. Cheers to Dave Dixon!
Just a quick note to let you know your article will be included in the 66th Money Stories Carnival.
The post will go live midnightish PST at
Thanks!
[...] The Bag Lady shares How A Man Retired Early On $565 A Month [...]
Wow! I love this – this is really encouraging to me as God has been dealing with me about the same type of thing: What do we really actually NEED in life? hmm… I am finding that answer is actually a whole lot less than I had previously thought…
thanks for sharing this – I got encouraged!!
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I found a pile of Time magazines from the 50s and 60s and this ad was in a 1965 issue. I think I am going to give Honda a call and take them up on their offer
How about you?
…The IRS is going to be increasing the mileage rates A few t…
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