Monthly Archives: February 2015

Looking for a condo next to beautiful Rosemary Beach, Florida?

We are in the process of building a beach house in Inlet Beach, just next to Rosemary Beach, Florida. Now that we are nearing the completion of the architectural plans for our house, so we are listing our condo for sale.

Our condo is ideally located in Seacrest Beach, a 2 minute walk from Rosemary Beach on scenic 30-a. We have deeded beach access where a 2 minute tram ride will take you to the beautiful emerald coast shores. If you prefer to walk, it’s about a 5 minute walk to the beach.

Condo21

The condo is a spacious 1,453 square feet with 3 bedrooms and 2 baths. It has 12 foot ceilings with travertine floors, granite counter tops and stainless steel appliances. We have really enjoyed the condo and I am sure you will too.

If you are interested, visit the MLS listing here: http://www.flexmls.com/link.html?1534m083v5cg,16,1. If you are interested in the condo, contact Robin Morrow at 850-570-7290. We have it listed for $379,000.

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Meet some Financial gurus that know a bit about Life Style Freedom

First of all, I am not a financial guru by any stretch of the imagination, but I love personal finance and enjoy reading inspirational stories about how others have paved their way to financial independence.

Most people who retire early are seeking life style freedom. They want to be able to plan their day as they wish. If they feel like playing golf, hiking, biking or taking a road trip somewhere, they just get up and go. If they want to vacation for a month or more, they can do it. If they want to work full or part-time on a job that is fun for them, they just do it.

We achieved life style freedom by selling our software company in 2009 but not everyone has a business to sell.  So do you have to own and sell a business to achieve life style freedom? No, there are people that had jobs with average salaries that saved their way to life style freedom. Let me introduce you to a few of them.


Mr. Money Mustache

Mr. Money Mustache (Pete)

Mr. Money Mustache (Pete)

Although he goes by the name Mr. Money Mustache, his real name is Pete and his last name he wants to keep anonymous. He retired at 30 years old on a nest egg of about $600,000 of which he saved by stuffing away about 75% of his paycheck into savings. He is now a multi-millionaire.

He started the Mr. Money Mustache website to share his financial prowess with others and offers a free discussion forum where like-minded people swap advice about money, investing and creating life style freedom. If you like personal finance, I highly recommend visiting this website.

Website: http://www.MrMoneyMustache.com 


Robert and Robin Charlton

Bob and Robin Charlton

Bob and Robin Charlton

Robert (Bob) and Robin retired at 43 years old the old-fashioned way, they saved their way to retirement. Although the couple averaged only about $89,000 in combined salaries per year, they amassed almost $1 million in savings over a 15 year period.

Bob recently wrote a book about early retirement called How to Retire Early (click here to see it) and it is one of the top-rated books in the Retirement section of Amazon. It takes you through a journey of exactly how they accomplished it. It is very transparent and incredibly motivating. We met Bob and Robin a few years ago after we retired. We share a love of travel and they document their travels on their personal website.

Website: http://www.WhereWeBe.com 


Billy and Akaisha Kaderli

Billy and Akaisha Kaderli

Billy and Akaisha Kaderli

Billy and Akaisha owned a restaurant and decided to ditch the working grind at 38 years old. After accumulating savings in their dual career jobs and selling the restaurant, they had a net worth of about $500,000.

They have been retired now for over 25 years and their nest egg is larger than when they retired. They live on about $30,000 per year and travel the world most of the year.  Their website offers financial advice and documents their world travels.

When we started planning our early retirement, I read Billy and Akaisha’s book called “The Adventurer’s Guide to Early Retirement” and it offered motivation and pragmatic advice regarding retiring early. If you haven’t read it, I highly recommend taking the time to do so.

Website: http://www.retireearlylifestyle.com


How much does it take to Retire?

So how much is enough? First, try to reduce your monthly expenses as much as you can by following advice from the people above. Once you have that down, take your monthly expenses and make them yearly (multiply by 12) and then multiple that number by 25. For example, if your monthly expenses are $3000, your annual expenses are $36,000. Multiply that by 25 and it means you need $900,000 of investments to retire.

This is called the “safe withdrawal rate” or the “4% rule”. Click here for a really good article that explains the 4% rule in more detail.

Now, do you need all of that to quit a job you hate and take a cooler job that you enjoy? No. Let’s say you only have investments of $500,000 and your yearly expenses are $36,000. You can safely withdraw 4% of your $500,000 per year without ever running out of money, so that means you can withdraw $20,000 per year. So if you wanted to ditch your job and get a more fun job (maybe a part-time job) where you clear $16,000 per year, you could safely retire with the $500,000 in investments.

Are you nuts?

OK, I now hear you saying “Are you crazy? How can I (or we) save $900,000? I have almost no savings at this time!”. Bob and Robin Charlton also had no savings in 1992 and decided they wanted to change their life. So they embarked on a 15 year journey to save money and they retired with almost $1 million in the bank in just 15 years. Read the full story here.

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Cool Cabin in the North Carolina Mountains

As I mentioned in my earlier post about goals, we wanted to vacation more this year in the states so we took our first adventure to North Carolina. We rented this cool, yet tiny, cabin in Bryson City, North Carolina. Situated in the Appalachian Mountains, the cabin had incredible views of the tree laden Smoky Mountains.

See a slide show here

Woodland Loft Cabin

Woodland Loft Cabin

The cabin was small, my guess is that it was about 300-400 square feet. But it made great use of the space. It had flat screen TVs, a fireplace, views from almost every inch of the cottage, a pretty large bathroom and a small kitchen. It also had a nice deck area with hot tub.

Great views from the bedroom

Great views from the bedroom

Deck with Hot Tub

Deck with Hot Tub

Hiking in Deep Creek

Just minutes from Bryson City is the Deep Creek entry to the Smoky Mountain National Park. From here you can hike the Three Waterfalls Loop. This is a pretty easy 3 mile hike that provides up close views of 3 waterfalls.  As we started our hike, a deer was just a few feet away drinking from the creek.

Deer drinking from Deep Creek

Deer drinking from Deep Creek

Juney Whank Falls

Juney Whank Falls

Tom Branch Falls

Tom Branch Falls

Indian Creek Falls

Indian Creek Falls

Biltmore House in Asheville

Located about a hour from Bryson City in Asheville, NC, the Biltmore House is an impressive mansion built in 1895 by George Vanderbilt. Situated on an 8,000 acre estate, the Biltmore includes a house, vineyard, winery, farm, and tons of hiking trails. We’ve visited several mansions in the USA and a number of castles in Europe but this home is decorated in the most tasteful way we’ve seen.

The Biltmore House includes 35 bedrooms, 43 bathrooms, 65 fireplaces, a gym, and a swimming pool. As we walked through the rooms and visited the huge kitchen and servant quarters, it reminded us of the popular series “Downton Abbey”. They don’t allow taking photos from inside of the house, so you should plan a trip to Asheville to see it for yourself.

The Biltmore Huose

The Biltmore Huose

Local Craft Breweries

We always tend to seek out local craft brew houses when traveling. In Bryson City, we visited Nantahala Brewing Company. When we walked in, one of the locals entertained us with stories of the Appalachian trail, other local breweries, and his love of Alabama football.

Nantahala Brewing Company

Nantahala Brewing Company

Our new friend told us about breweries in a town about 10 minutes away called Sylva and told us that Asheville has more breweries per capita than any other place in America. I always thought Fort Collins, CO was the brew capital, who knew! We had to visit more breweries.

Heinzelmannchen Brewery in Sylva

Heinzelmannchen Brewery in Sylva

Innovations Brewery in Sylva

Innovations Brewery in Sylva

One of the breweries in Asheville that the local told us about was Pour. At Pour, they have 43 taps where you can sample any of the beers they offer. They give you a bracelet that you scan to allow you to pour as little or as much as you like and you pay for what you pour. Very cool idea.

Bracelet used for Pour

Bracelet used for Pour

Pour - 43 taps

Pour – 43 taps

Cherokee

Our final stop around the Bryson City area was in a town about 15 minutes away called Cherokee. Here they have museum that details the life of the Cherokee Indians and their plight with the Europeans that drove them out of their homeland. The exhibits were well done and informative. After visiting the museum I’ve decided to read the book The Memoirs of Lt. Henry Timberlake: The Story of a Soldier, Adventurer, and Emissary to the Cherokees, 1756-1765.

Catching up with Old Friends

We took this travel opportunity to catch up with some old friends. My best friend from high school, Bill Stuart (the author of Gemstone Chronicles), lives just north of Atlanta. He and his wife Lana met Lynn and me in Dillard, Georgia one night for dinner. It was the first time I had seen Bill since high school and it was great to see him and meet Lana.

About 3 hours east of Bryson City is Charlotte, North Carolina. Another high school friend, Bill Baxley, lives there. As we began heading towards the coast, we stopped in Charlotte to see Bill and his wife Michelle. This was our first time meeting Michelle and it was really great connecting with them during our journey.

Where are We Heading Next?

As we leave Bryson City, we will make our way to the east coast. We plan to visit the beaches of Nags Head, NC to see where the Wright Brothers launched the world’s first flight. We also plan to see Cape Hatteras to photograph the iconic light house.

Leaving Nags Head, we plan to stop into Myrtle Beach (although I did not bring my golf clubs). Then on to Charleston SC, Hilton Head SC and then to Savannah GA.

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