Tuesday, February 12, 2019

Work Optional: Rebranding FIRE

Inspiring, thoughtful, and detailed to the point of wondering if a book can be too well researched, Tanja Hester's Work Optional examines financial independence and early retirement with a scope that sets the book apart. This easy read can surely introduce "FIRE" to a newcomer, while forcing long-time enthusiasts to question how well they've really thought their early retirement plans through.

Engaging and thought-provoking throughout (no small feat considering most people will get up and walk out of a room to avoid a discussion about money), Work Optional deserves a spot beside A Simple Path to Wealth: the two books you should share with a friend or coworker asking what this whole financial independence thing is about.

Hester manages to balance the small-but-necessary details (for example, have you, thirty-something early retirement enthusiast, budgeted for the fact that Medicare will only cover 60% of your medical expenses thirty years from now?) with the motivating, why-are-we-doing-this big picture items. (What kind of life do you want to live? What does your ideal day actually look like?)

Monday, February 4, 2019

The Wage Gap, & Sharing Salary with Women

The Wage Gap & Sharing Salary with Women Coworkers
Source
"We are labor. They are management," Ang, my coworker friend from the other side of our cubicle wall, reminded me.

"I know. But I'm new."

Without me realizing it, as a 21 year old employee who knew nothing about anything, Ang was mentoring me, as well as advocating for me to be reclassified. I was technically doing the work of a buyer, while being paid as an administrative assistant. 

If she was right, I'd be reclassified into a new role with a higher salary. But submitting formally for a reclassification was tricky: we had to involve the union, human resources, my own boss. And it might not work, which could be a career limiting move. Would my boss view it as a slap in the face?

Monday, January 14, 2019

College Plan? Undeclared.

Two days after Christmas, we closed on the sale of our second, and final, rental property. We got a full price offer, too. (Minus having to give the buyers a $2k credit towards closing).

It is hard to describe how good this feels.

Though I was a bit nervous right up until the day the check cleared. A previous buyer on this property backed out at the last second, even after we agreed to fix the major items in his inspection list. So I wasn't going to declare we were officially-and-forever out of the rental business until the papers were signed.