Back to Blog
Simple math behind early retirement5/20/2023 DiValerio eats mostly vegetarian, with some fish. And she’s all trimmed the fat out of her budget…literally. So how does she do it?įor starters, she owns her small studio apartment outright, and it’s in a not-so-fancy part of town. And no, as she writes on her blog, it’s not because she has a sugar daddy footing her bills. Embrace Boxed WineĭiValerio says she saves three-quarters of her $75,000 flight attendant salary, plus has a additional income from side hustles including selling furniture she refurbishes on Craigslist and eBay as well as house and dog sitting. "I like me some fancy stuff, too, but I don't want to work too long to afford it," she says. She'll still occasionally go out for a nice restaurant meal, and it's a conscious splurge when she does. She loves inviting friends over to cook and drink wine. ![]() She is grateful to have some nearby, and in the cities she visits for work, with whom she can picnic and otherwise hang out on the cheap. “There are money nerds anywhere,” DiValerio says. She herself started blogging herself in 2016, at. ![]() 13, 2012 post called “ The Shockingly Simple Math Behind Early Retirement” is widely considered the playbook for constructing a portfolio to sustain you for decades after you stop collecting a paycheck. Money Mustache, an influential blog written by Pete Adeney, a former engineer who retired at 30 and lives in Colorado with his wife and son. She’d always been a good saver, and since discovering the FIRE community in 2015, DiValerio began teaching herself the path to financial independence. Find Your TribeĭiValerio is a woman who doesn't have a college degree and math was never her best subject. Here’s how she went from being a near-broke divorcee to standing on the cusp of financial freedom. ![]() But she does plan to be choosier about her shifts, and to take extended breaks to travel and volunteer. They hang out on blogs and Reddit, swapping tips about Roth retirement accounts and the best mortgages for their multi-family investment properties, and sometimes meet up in real life at conferences and retreats.įor her part, DiValerio doesn’t plan to do nothing when she reaches financial independence. It’s a term adopted by super savers who aim to quit the rat race decades before their peers, typically before they reach 40. “But the numbers don’t lie, and I worked my butt off to get here.”ĭiValerio belongs to the FIRE movement, short for Financial Independence/Retire Early. “I am in disbelief that I am where I am,” says DiValerio. Today the Chicago flight attendant, 39, projects she’ll reach financial independence within a year-that is, she calculates she will have saved enough so she won’t need to work for the rest of her life. Just five years ago, Bianca DiValerio was struggling through a divorce and the last of three short sales that nearly wiped her savings out during the financial crisis.
0 Comments
Read More
Leave a Reply. |