Retirement Links & Info

Well in my search for retirement data I have done many Google searches and read many books. Below is a sampling of information I found useful.

Canadian Early Retirement Books
Stop Working – Start Living by Dianne Nahirny: A good book on control spending and about being creative on how to save money and make a little more cash.

Stop Working by Derek Foster: Derek’s a bit new to this entire early retirement thing, but his book does offer some ideas for investing for a very long time frame.

Free Parking & Advance to Go by Alan Dickson: Two books by Alan that provide a good reality shift for most people. It challenges your belief on how you define wealth and an excellent basic description of index investing and why it works can be found in Advance to Go.

US Early Retirement Book
Work Less Live More by Bob Clyatt: This is an excellent resource on some of the finer points of cost prediction for retirement and dealing with the lifestyle of being semi-early retired. Well worth the read for any Canadian or US retirement planner.

General Personal Finance Book
The Wealthy Barber by David Chilton: A classic read for anyone who is just starting out. It covers the basics of insurance and saving, but you might want to take some of his advice with a grain or two of salt.

Investing Books
The Intelligent Investor by Benjamin Graham: A classic read on investing. I personally enjoyed the edition with commentary by Jason Zweig on each chapter. He points of many little facts that provide some reference to investing today versus investing in Graham’s time.

Internet Links
The Retire Early Homepage – A great site with many useful articles. It is written mainly for the US, but it has lots of useful information including a great article on the 4% rule.

Dory’s Early Retirement Forum – With over 3000 members of early retirees or people planning early retirement this page is a gold mine of advice from people who are living the dream of early retirement. On last count there were around 11,000 topics and almost 200,000 posts. The board is mostly US based, but there are a few regular Canadian posters as well. If you can’t find what you need in the search function, join up and put in a post. The same topics tend to come up and those with good memories will often post links to previous topics.

Enjoy reading everyone. I’ll post more links as I get some more time to dig in my bookmarks.

How to Buy Big Ticket Items

While reading my latest issue of Moneysense, I read an article the mentioned that a good idea with buying big ticket items is to have a limit at which you are required to get your spouse’s approval. I realized that my wife and me, we have been doing this ourselves for a number of years already without any formal agreement.

We don’t have a set limit per say, but we tend to discuss any big ticket items well in advance of buying anything. For example, last Friday I spent just under $900 on a new love seat for the living room. To an outsider it looked like a sudden purchase, but we have been discussing it for three months and deciding on styles, fabrics and what we want in the love seat. We also had decided that we wanted to spend around $700 for it before tax and delivery. So the love seat ended up slightly higher than that, but it was exactly what we wanted and I know that I’m investing in a piece that will last me for 20 years if I look after it.

So the exact method will vary for each family, but I do suggest that you have something in place to handle big ticket items (in our case: discussion, research and setting a price range). That way you can just avoid the entire phrase of “You bought what for how much?!?” from coming out your spouse’s mouth.

Looking for Links

Well if you’ve been reading this blog for a bit you would have noticed my complete lack of links. This weekend I plan on working on that, but I could use some help. I’ve got a short list of some blogs I’ve enjoyed, but I’m always on the look out for more good reading material. So if you have a few ideas of blogs I should include, please leave a comment.

Also I’m going to dig around in my personal bookmarks to put together a early retirement resource page, but again if you have a good link please leave a comment.

One last little thing to note. I finally got my email address up on the page. If you noticed it early and it didn’t work. I apologize for typing the address wrong in the link. It should work now. My inbox is open to suggestions, rants or any other questions you would like to see answered.

Have a great weekend,

A blog about early retirement and happiness