Monday, December 4, 2023
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Joe’s eleventh Annual Early Retirement Replace

Hey everybody. It’s time for my 11th annual early retirement replace! Wow, I can’t consider it has been that lengthy since I left my engineering profession. Early retirement has been nice. I’ve no regrets in any respect. This previous 12 months has been more difficult than common, however I nonetheless love early retirement. It might have been much more nerve-racking if I used to be nonetheless working. That’s for certain. Okay, let’s do a fast recap then I’ll share what occurred.

Early Retirement Recap

Earlier than ER – I labored in pc chip design for 16 years. At first, engineering was nice. I loved studying and dealing on technical points. Ultimately, I grew to become a senior engineer and wanted to tackle extra management roles. The profession was not an excellent match for me and my well being suffered. Personally, I feel each engineer ought to plan for early retirement.

12 months 1 ER – I retired to turn into a SAHD/blogger in 2012 when our son was 18 months previous. That first 12 months was the hardest 12 months for me. Being a SAHD to a toddler was a ton of labor. At that age, they don’t pay attention in any respect and consistently push boundaries.

12 months 2 to 4 ER – Life grew to become a bit simpler as soon as RB40Jr began preschool. I had extra time to work on my weblog and my well being. It was an excellent stability. Life regularly improved as our son obtained older.

12 months 5 and 6 ER – RB40Jr began kindergarten and life grew to become superior. I had much more time to myself and he made quite a lot of associates. It was a giant turning level.

12 months 7 ER – We had extra challenges than common and I used to be wired. My mother was recognized with dementia and relocated to Thailand. I couldn’t maintain her and my son on the identical time. Ultimately, she would wish to go to a nursing house. It’d be much more comfy for her in Thailand.

12 months 8 ER – This was an odd 12 months. Life was nice till the coronavirus pandemic hit. Our governor shut down nonessential companies and closed all faculties. We didn’t do a lot.

12 months 9 ER – We stayed house and life slowed right down to a crawl. We didn’t thoughts it as a result of we get pleasure from being house. I went to see my mother in Thailand. Life was virtually regular there on the time. There have been only some Covid circumstances so I had a pleasant break through the peak of the pandemic within the US. It was so good that I had a tough time adjusting to life again house.

12 months 10 ER – The brand new regular arrived. All the pieces opened up and we spent extra time exterior our house. I went to see my mother in Thailand and loved my time along with her. Sadly, she misplaced her capability to stroll that 12 months. My dad continued to take care of her, nevertheless it was getting too tough for him.

12 months 11 ER – Mrs. RB40 took a sabbatical. We traveled for 3 months. RB40Jr began center faculty. Mrs. RB40’s dad had a fall and was hospitalized. I went to spend 3 extra months with my mother. The weblog misplaced momentum. My mother handed away. It was a tricky 12 months for me.

Household Life

Yikes. The eleventh 12 months was fairly hectic.

Initially, RB40Jr began center faculty. It was powerful for him as a result of he was so accustomed to his previous elementary faculty and the workers. The brand new faculty was very totally different. The children had been method greater and he didn’t know any lecturers. Additionally, the center faculties had been within the information fairly usually this 12 months. Some children misbehaved and brought on all types of havoc. He obtained by way of it, nevertheless it wasn’t a pleasing 12 months. His grades weren’t that nice both. He’ll want to enhance subsequent 12 months. We’ll pay nearer consideration to his homework.

Mrs. RB40 had a pleasant 12 months. She took a sabbatical and we traveled to California, Thailand, and the Maldives. We had a good time. I inspired her to retire early afterward, however she determined to return to work. She simply isn’t able to retire but. Work is fulfilling and he or she is a vital member of her group. They admire her. In case you are doing properly at work, then maintain at it. Don’t retire simply because you possibly can. She plans to work till our son graduates. Then we’ll transfer to California to be nearer to her mother and father. Her dad is okay now, however he’ll want extra assist sooner or later.

As for me, I had a tough 12 months. Touring was quite a lot of enjoyable, however I additionally spent quite a lot of time away from my household. I went again to Thailand once more on the finish of 2022. My mother obtained pneumonia and was hospitalized. She by no means recovered totally. Her dementia continued to worsen as properly. It was tough to see my mother in that situation, however I’m glad I hung out along with her. She handed away a month after I got here house. It was tough and I’m nonetheless processing it. Life is brief. It’s a must to get pleasure from it whilst you can.

Early Retirement remains to be superior

I had a tricky 12 months, however it could have been extra nerve-racking if I used to be working full-time. I didn’t have to fret about work after I was spending time with my mother. That’s precisely why I love early retirement. I’ve the autonomy to do no matter I need.

Early retirement remains to be superior, however the subsequent few years will likely be a transitional interval for me. Since I retired from my engineering profession, I spent most of my time running a blog and being a stay-at-home dad. Nonetheless, RB40Jr is rising up and the weblog is in decline. In 6 years, RB40Jr will go off to varsity. Running a blog in all probability will likely be lifeless by that time too. I have to reinvent myself earlier than then.  

Profitable Early Retirement?

All proper, let’s wrap it up with an analysis. There are 3 indicators of profitable retirement – well being, wealth, and happiness. Let’s see how I’m doing in all these areas.

More healthy?

Final 12 months wasn’t an awesome 12 months for well being. I walked rather a lot in Thailand, however I’m a lot much less lively at house. My blood strain can also be larger. I have to train extra and eat more healthy.

All of the ups and downs additionally affected my psychological well being. I’ve been fascinated by dying, legacy, and all that stuff. Do I’ve solely 25 years left? That’s not quite a lot of time. It’s a bit miserable.


The previous 12 months has been surprisingly good for buyers. The economic system saved rolling and the inventory market had big positive factors. Our internet value is nearly again to its all-time excessive now. It is a huge enchancment. I’m feeling good about our funds in the mean time. Our passive earnings streams are doing wonderful as properly.


Proper now, I’m a bit unstable emotionally. We had quite a lot of ups and downs this previous 12 months. I assume that’s life. However we had extra unhealthy information than common so it wasn’t the very best 12 months for me. The climate is nicer now, although. We have now a number of upcoming street journeys this summer season. That ought to cheer me up. I’m getting again as much as my baseline happiness.

Hold at it

All in all, the final 11 years have been wonderful. Life is so a lot better than after I was working full-time. I don’t remorse retiring early in any respect. If I didn’t give up my engineering profession, I’d be much less wholesome and extra depressing. I may not even be wealthier. Once you’re sad, you spend cash to really feel higher. Who is aware of? I may need had a midlife disaster and gone off the deep finish if I used to be nonetheless caught within the previous grey cubicle. That’s the actual key to FIRE. You make it your purpose and go after it with all the pieces you bought. Life is brief. Don’t spend it doing one thing you dislike. Hold at it and good luck everybody!

Thanks once more for following my early retirement journey and good luck with yours! I admire your assist during the last 13 years. I’ll maintain running a blog so long as I can.

*Passive earnings is the important thing to early retirement. As of late, I’m investing in multifamily properties with CrowdStreet. They’ve many initiatives throughout the USA. Go examine them out!

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Joe began Retire by 40 in 2010 to determine retire early. After 16 years of investing and saving, he achieved monetary independence and retired at 38.

Passive earnings is the important thing to early retirement. This 12 months, Joe is investing in industrial actual property with CrowdStreet. They’ve many initiatives throughout the USA so examine them out!

Joe additionally extremely recommends Private Capital for DIY buyers. They’ve many helpful instruments that can enable you to attain monetary independence.

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