7 Things I’m Going to Do When I Retire

I’ve usually been pretty open with my goals and finances with friends and family, so they know that I plan to retire early by saving and investing my money instead of going out and enjoy the pleasures of eating out, drinking, and clubbing (unless it’s free, of course).

Most of the time, they would ask, “Aren’t you going to be bored with all that free time?”, “What are you going to do for the next 30, 50, or even 70 years?”, or maybe even “How are you going to support your family?”.

My response back to them is usually, “I’ve got an idea” or “Everything will work out”. But really, life is unpredictable and it’s always better to have somewhat of a plan, so I can just adjust according to my situation.

So in the end, this post (yes, the very one you will be reading) will be more of a plan of what I plan to do (seven things in fact!) with all the glorious time in the world once I break free from the shackles of work and stop worrying about money.

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Avocado Toast: How You Can Eat It Everyday and Still Save Up Enough for a House

Avocado Toast is the craze everyone’s talking about recently.

An Australian millionaire, Tim Gurner, made headlines last week for saying millenials are unable to afford homes because of all of their incessant purchases on Avocado Toasts.

“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and 4 coffees at 4 dollars each”, said Gurner on Australia’s 60 Minutes.

19 bucks for an Avocado Toast and 4 coffees at 4 dollars each comes out to a total of $35 a day!

Now what if I told you there’s a way to have Avocado Toast and 4 coffees everyday and still be able to save up enough for a house?

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Why You Should Understand the Difference Between Wants and Needs

There it is.

The clear, sharp, and vibrant screen from one edge to the other. The smooth surface that flows over the edges. The uniform and smooth silhouette encompassing it’s entire back.

It’s the Samsung Galaxy S8, the latest and greatest tech available in the mobile space.

The phone that everyone wants and luckily enough, it’s right in front of you because you were among one of the first to pre-order this magnificent and splendid gadget.

But let’s pause for a moment and think.

Did you need or want it?

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Is A New Car Purchase Really That Bad?

When purchasing an automobile to transport yourself from Point A to Point B, one of the most controversial things to think about is whether you should a new or used car.

Typically, people would recommend you to go with the used car so you won’t get hit with the depreciation once you drive off the lot, a loan (if you pay with all cash), and increasing your lifestyle to suit that brand new car.

On the opposite spectrum, people would recommend a new car so you can have a peace of mind on the possible maintenance costs that come with a new car, a factory warranty, being the only owner of the car, and just in general, having something new.

To give you some preface, I’ve been on the market for an automobile for the last few months, given that my car was stolen a few months ago.

So for today’s article, I’ll be looking into and analyzing whether or not a new car purchase would be bad for a “financially literate” person with “trustworthy credit”.

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