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Does Early Retirement Make You Lazy?

“I’m terrified of early retirement. What if I get lazy and lose my edge?” This is a question a reader asked me when we met at a coffee shop a few months ago. We were supposed to have a quick 30-minute conversation, but by the time I checked my watch, daylight had turned to dusk, the place had emptied out, and the barista was standing at the exit, glaring at us. Somehow a quick chat had turned into a 4-hour marathon. Again. Of course this shouldn’t surprise me. Whenever we meet up with like-minded FI people, this always happens. Not […]

Let’s Go Exploring! Galapagos Part 3: Scary Boat Ride to Isabela

This is part 3 of our trip to the Galapagos. Click here for Part 1 and Part 2. “Hey, aren’t you Wanderer and FIRECracker?” Wanderer blinked in confusion as the stranger offered to shake his hand. When you’re standing on a pier in the middle of the Pacific Ocean, waiting for a boat at 6:30am, the last thing you expect is to be recognized. But that’s exactly what happened on our way to Isabela island in the Galapagos. “I wanted to tell you how much I love your work! I’m a blog fan!” After chatting for a bit, we realized […]

The Yield Shield: Putting it all Together

Today we will be concluding our multi-part series on the Yield Shield. Over the past few weeks we wrote about all the parts that make up the Yield Shield, namely: Preferred Shares Real Estate Investment Trusts (REITs) Corporate/High Yield Bonds Dividend Stocks And throughout it all, people have been emailing me asking “Yeah that’s great, but how do I put it all together to assemble my own Yield Shield?” So today we’re going to be talking about exactly that. It’s All About Pivoting Building a Yield Shield isn’t hard. It’s simply a matter of taking your existing low-cost indexed portfolio […]

Friday Reader Case: Retiring Early with 4 Kids and a Postal Worker’s Salary?

Hey peeps. It’s Friday again and that means another reader case! This one immediately caught my eye because it slaughters two sacred cows. Cow #1: Kids are expensive Cow #2: You can’t become FI if you don’t have a high-paying STEM job. This reader case is proof that you can raise four kids on just one postal worker’s salary and still be ahead (e-mail has been edited for brevity):   “Hello Firecracker & Wanderer! First and foremost, THANK YOU BOTH! xoxoxo I am soooo thrilled to have found the 2 of y’all. I immediately I loved y’all style from jump. Thanks […]

Derek Foster: Canada’s Other Youngest Retiree

Today I am ridiculously excited to be talking to Derek Foster, National best-selling author of 6 books including The Idiot Millionaire, The Lazy Investor, and Money for Nothing. His claim to fame was being the youngest retiree in Canada when he retired at the age of 34. Now for some reason, people seem to think we’re rivals or something, what with the whole “Youngest Retiree” thing. In reality, Derek is one of my personal heroes and reading The Idiot Millionaire many years ago was a big inspiration for doing this myself. So when Derek contacted me out of the blue, I […]

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