Grant and Theresa's Life Prep

Making Plans and Achieving Goals

Why I Use 5% Withdrawal for Retirement

I wrote an earlier post about Why I’m Chasing FIRE (Financial Independence / Retire Early) and in it, I said that my definition of FIRE is when my investable assets are equal to 20 times my annual expenses.  20 times your annual expenses means you would have a 5% withdrawal rate in retirement.  This statement goes against conventional wisdom so I rightly got a few comments about being more conservative.  Most people recommend a withdrawal rate of 3-4% which is 25-33X expenses.  So why am I going against the flow on this one and going with a 5% withdrawal?

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Stop Mindlessly Going To College

It’s graduation season! I was recently reminded of this because I unintentionally planned my golf/beach weekend during “senior beach week”. This is the time of year when all the high school kids head to the beach for a week to celebrate their graduation.  For kids on the east coast, that means Myrtle Beach, South Carolina.  (I’m not sure if “senior beach week” is really a thing all over the country, or not.)

Anyway, I was only there for one night but that still led to some interesting interactions with some rather intoxicated kids.  It seems that everyone goes to college but no one has a clue why or what they will study.  I did attempt to ask some thought-provoking questions such as “why that school” and was met with blank stares and “because my friends are going there”.  I considered putting together a powerpoint for the kids on “making good life choices” but decided against it.   Just not sure it was the right environment. 😉

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How to Lose Weight – The Not So Secret First Steps

eat-workout

One of my new year’s resolutions was to drop some weight.  This is one of the most common goals that people set out to achieve.  In fact, over half of the people reading this have attempted to lose weight in the past year.  Unfortunately, 95% of people fail to ever reach their weight loss goals.  So how do you do it?  How do you lose weight?  Well, I’m here to tell you that every one of you reading this already knows how to lose weight.  Your problem is probably that you are skipping the most important steps that will allow you to be successful.

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Embrace Pain For a Better Life

Your life will be filled with all kinds of pain.  The difference is in the intensity.  Since we can’t avoid pain we must embrace pain.

“We must all suffer from one of two pains: the pain of discipline or the pain of regret.  The difference is discipline weighs ounces and regret weighs tons”  – Jim Rohn Continue reading

Why I Am Chasing FIRE

When we started this blog last year (2016) I had never heard of FIRE.  I actually had to google it to find out it meant Financial Independence / Retire Early.  Basically, there is this growing movement of people who are realizing you don’t have to work a 9-5 job your whole life and can go another way.  Two people that you have probably heard of are Mr. Money Mustache and Financial Samurai.  These two guys have gone about getting out of the rat race very differently but they have both been a huge inspiration for myself.

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5 Reasons To Pay Off Student Load Debt FAST!

college graduation

Taking out a student loan is a sad part of the college experience, these days.  The latest numbers for the class of 2016 have just come in and the average graduate owes $37,172.  This brings the national total to $1.44 trillion, spread across 44.2 million Americans.  Roughly 3 out of every 4 students leave college with some debt.  Oh yeah, and these trends are all on the rise as the cost of college keeps skyrocketing.  So what should you do with your debt?

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Bulgarian Method For Powerlifting.

For the past 12 weeks, my workouts have consisted of squatting to a max every day and benching to a max every day.  This style of training is sometimes referred to as the “Bulgarian Method For Powerlifting”.  The idea is that lifting heavy is a skill that needs to be practiced regularly.  This is one of the more polarizing strength programs because it appears quite extreme on the surface.  Some will tell you that it is a “ticket to the hospital” and others will tell you it is the ticket to world records.  I, of course, found things to be a little more in the middle.  Video below.

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12% Rate of Return??

“I’m going to have over ten million dollars by the time I retire!”  I heard one of my colleagues proclaiming this to a few others sitting around the lunch table.  Myself being the resident money nerd had to walk over to listen.  I mean I want ten million dollars too.  We work for the same company so whatever he is doing I should be able to copy?  He was really excited talking about setting up contributions to a Roth IRA in addition to his 401k and how easy it was all going to be.  I listened for awhile without asking any questions but then I simply had to.

Me: Brian (not real name), what kind of rate of return are expecting?

Brian:  I am being conservative (literally said this) and using 12% rate of return.

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Working Out With Asthma

There is no better way to impress a girl than to show her your inhaler collection.  Unless you are showing it to her because your face is purple and you aren’t breathing.  I kid, I kid.  I wanted to write about a personal topic today.  Working out with asthma and just in general living with it.  Hopefully, we can change some stereotypes and get some practical information.

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9 Successful Habits of a Working Mom with NO TIME

(Heading out the door…no time!)

Life with a baby sure can be overwhelming. There’s just not enough TIME for everything!  I have the same 24 hours I always had before, but it feels so much more precious and stretched thin, now.

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