As I read this article this evening:
https://www.ramseysolutions.com/retirement/how-to-retire-early
I thought of this post and the early retirement posts.
I liked that this article covered the ‘Baby Steps.’
Debt Freedom and being at the beginning of Baby Step 4 allowed me to take almost a 2 year ‘Gap year’ and pursue philanthropic interests. Though I’m bummed to go back to Step 2 (because of some dental work I want done a specific way) and Step 3… it was a wonderful feeling to not be a slave to my job like many of my co-workers who stayed in a toxic work environment for years longer than I did because they had debt and didn’t keep a budget. It was also exhilarating to go serve at-risk youth and abused mothers and children without having to ask for money (depend on it) from others to fund my livelihood while I did acts of service.
My most conflicting idea in the Dave Ramsey books and other money saving books is their food budget/health philosophy and the types of foods they recommend. As a permie, voting with my dollar for local, organic, non-GMO produce is important to me… as well as pastured eggs, grass fed (& finished beef) so on and so forth. Because our food contributes to our health, and as permies the food we consume often relates our core values… it is part of the budget that I couldn’t skimp on. That being said, eating at home, packing lunches & snacks & water bottles, eating more organic rice & beans, using glass reusable storage containers… composting, gardening, and meal planning all helped.
The good debt, bad debt is a challenging topic and I’d say that many successful people I’ve met looked to me like they followed a blend of Dave Ramsey’s and Robert Kiyosaki’s philosophy (author of Rich Dad, Poor Dad.) …I’ve never been a big risk taker with money but that has prevented me from seeing larger gains. However, I sure wish I started investing in aggressive mutual funds right out of high school. It is one of my regrets.
Retirement: I also think our world is changing drastically and it seems difficult to predict if retirement strategies that previously and currently work, will work in the future. After teaching in various capacities for the last 20 years and then in public schools… I’d much rather live a Gert lifestyle than work to obtain what I’d need to to retire ‘well’ but working as a teacher, in a traditional sense for the next 25-30 years. Do I trust the state of CA to manage what I’d be mandatorily paying into to be there in 25 years until I die? (I don’t.) Teaching has also morphed into something I find very difficult to participate in after being exposed to John Taylor Gatto books.
Permies has really inspired me to live more of a ‘conserver’ lifestyle and the diverse DIY skills of the permies on this website never cease to amaze me! The book, How to Survive without a Salary, reminds me a lot of Gert while implementing some of the shared philosophies of Dave Ramsey.
Happy budgeting!