• Home
  • |
  • Blog
  • |
  • 1884:Amy Rutherford writes about how they retired in their forties and how they plan to stay there
Amy Rutherford

Amy Rutherford-

Amy Rutherford: In 2006, we met in colorful Colorado. Back then, we were mindless spenders. We tracked every penny we spent and weren’t concerned about the big dollars that were flowing out of our bank account. We thought our spending level was okay because we weren’t in debt (other than our mortgage) and were maxing out our 401ks while adding to our savings and investment accounts at a steady pace. Even so, we spent an average of $115,000 per year for many years. This number doesn’t include income taxes, savings or payments to our mortgage principal. JUST SPENDING! When we started to look into our retirement, we assumed we would spend $120,000 a year.

We had an epiphany in 2014. Spending less meant we didn’t have to work as long. Cutting back made us happier and kept moving up our planned retirement date. By living with less, we were able to say goodbye to our careers in 2015.

From the beginning of our relationship, we treasured experiences over things. As we continue to downsize, our new life is filled with fun, frugal (or free!), fulfilling activities and we’ve never been happier. We spend less time acquiring, maintaining, upgrading, insuring and thinking about our stuff. While it may be cliché, less truly is more. In 2016, we spent $43,000. That year, we took 3 international vacations and traveled (by plane) around the US several times. Tim had back surgery that year which meant a $6,000 deductible. So, $43,000 isn’t lean or mean. There’s fat in there, too. We continue to seek and find ways to further reduce our spending.

We are re-engineering our new lives with purpose. Our path includes more travel and embracing a healthier lifestyle. These days, we are active volunteers, house sitters and travelers.

We blog at http://www.GoWithLess.com. We write about how we retired in our forties and how we plan to stay there.

Listen to another #12minconvo

Related Posts

1423:Dominik Ehrenberg is an agile Coach, Software Developer, Podcaster & Games Journalist

1423:Dominik Ehrenberg is an agile Coach, Software Developer, Podcaster & Games Journalist

555: Twelve Minute Convos w/ Richard Scott

555: Twelve Minute Convos w/ Richard Scott

Scot Westwater is an entrepreneur and lead strategist for Pragmatic, a digital consultancy focused on improving customer experience /Ep2136

Scot Westwater is an entrepreneur and lead strategist for Pragmatic, a digital consultancy focused on improving customer experience /Ep2136

Kirk Barbera has produced thousands of videos, shows…/ EP 1993

Kirk Barbera has produced thousands of videos, shows…/ EP 1993

354: Twelve Minute Convos w/ Michael Blaes

354: Twelve Minute Convos w/ Michael Blaes

886:Marina Pearson says I play many roles in my life; mother, friend, best-selling author, coach, mentor, and international speaker

886:Marina Pearson says I play many roles in my life; mother, friend, best-selling author, coach, mentor, and international speaker

1306:Eric Seyram is the host of the Personal Innovation Podcast

1306:Eric Seyram is the host of the Personal Innovation Podcast

Todd Malloy is a prominent relationship therapist /Ep2477

Todd Malloy is a prominent relationship therapist /Ep2477

Jeremy DeMerchant is a Sales Team Turnaround Specialist, #1 best-selling author, international speaker, and host of Sales Team Rescue on HeadSpace TV /Ep2548

Jeremy DeMerchant is a Sales Team Turnaround Specialist, #1 best-selling author, international speaker, and host of Sales Team Rescue on HeadSpace TV /Ep2548

503: Twelve Minute Convos w/ Tonya Rineer

503: Twelve Minute Convos w/ Tonya Rineer

Kelly Hoey is the author of Build Your Dream Network /Ep2169

Kelly Hoey is the author of Build Your Dream Network /Ep2169

Heather Dahl is Executive Director & CEO of Sovrin Foundation, a public service utility enabling self-sovereign digital identity on the internet /Ep2226

Heather Dahl is Executive Director & CEO of Sovrin Foundation, a public service utility enabling self-sovereign digital identity on the internet /Ep2226

Engel Jones

I am a podcaster who has now had over 2900 recorded podcast conversations, plus 349 live interviews in 12 weeks, while driving through the 48 states of the US plus the eastern and western side of Canada.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>