I really don’t want this blog to become a collection of frugality life hacks, there are just too many collections out there. But from time to time I will share some things that I have tried myself and found both effective and fun. So here it is: Frugal living tips Episode 1: Cooking cheap food […]
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Early Retirement Risk
Retirement is a bet: Will your assets be enough to pay for a comfortable life until you take your last breath? Such a bet comes with risk, and the risk is higher if you retire early. There are just more years to cover, which could come with some unforeseen surprises. I am writing this at […]
Minpension.se calculates too high pension
If you are using the website minpension.se for planning your early retirement, I have some bad news for you: Your public pension (allmänna pension) will not be as high as they make you believe. In Sweden, we have this great online tool for estimating our future pension, minpension.se meaning (you guessed it) my pension. I […]
Retire to Sweden
Most of this blog is about how to retire early in Sweden from a work-life in Sweden. But what if you are living somewhere else and planning to retire to Sweden? Right of Residence If you are a citizen of an EU country, things are easy: you have the right of residence. That means you […]
Investment strategy for early retirement
What is the best investment strategy for early retirement? It seems like half of the information about early retirement is really about investment strategies. Consequently, I can skip most of that! Let me just mention two sources I find important: rikatillsammans.se, meaning “rich together”. A blog about investment and financial independence in Sweden. It is […]
Reduce your consumption
Consumption In the previous post, we saw that our monthly consumption greatly influences how much we need to save for early retirement. So what are reasonable ways to reduce consumption? Frugality Frugality became something like a trend recently. There is much more information out there than I can cover here. Check this, this, this, or […]
How much do I need to save?
The 4% rule There is a lot of discussion and advice on the internet about how much money to save for early retirement. A prominent example is the 4% rule: You should save as much money, such that you are consuming at most 4% of that stock. In other words: Your savings should be at […]
Review your Personal Economy
The first step on the checklist is to get an overview of your personal economy: How much you earn and how much you spend. I would recommend to consider the whole family, but you can start with yourself. Income This should be easy: Every money that goes into your account. For most people, the largest […]
Gotland
So basic rule number 3 is: Retire at a place you personally like. For me, that is Gotland, at least for now. Pros I will not give you an in-depth description of Gotland here. Wikipedia is much better at that. Let me just say that Gotland is Sweden’s largest island. It lies in the Baltic […]
The Checklist
Here comes a checklist of things to consider before retiring early. Note that the detailed content is in the making. My plan is to write a blog post for each item on the list. Control your Economy Get an overview of income and spending Figure out how much you need to save Reduce your consumption […]