• Home
  • |
  • Blog
  • |
  • 1942:Tim Rutherford says he and his wife treasured experiences over things
Tim Rutherford

Tim Rutherford-

Tim 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

1418:Randy Magray is a diverse entrepreneur with many talents and areas of expertise

1418:Randy Magray is a diverse entrepreneur with many talents and areas of expertise

Activate selflessness in your life with Jonathan Keyser /Ep2491

Activate selflessness in your life with Jonathan Keyser /Ep2491

1541:Greg Friel does a weekly podcast show called “The Friel Thing”

1541:Greg Friel does a weekly podcast show called “The Friel Thing”

967:Pol Cousineau CPA (Quebec) is a certified public accountant

967:Pol Cousineau CPA (Quebec) is a certified public accountant

Kimberly Moore, CEO and Co-Founder of Go Together, Inc /Ep2183

Kimberly Moore, CEO and Co-Founder of Go Together, Inc /Ep2183

1680:Graeme Raubenheimer is a two-time award-winning radio journalist…

1680:Graeme Raubenheimer is a two-time award-winning radio journalist…

Bamidele Adenipekun helps to tend the broken wings of people’s dreams

Bamidele Adenipekun helps to tend the broken wings of people’s dreams

1352:James Woosley is a business coach, consultant, publisher, and project manager

1352:James Woosley is a business coach, consultant, publisher, and project manager

Aliya Blake, author of Cliffhangers-Creative Writing, Short Stories/ Ep 2010

Aliya Blake, author of Cliffhangers-Creative Writing, Short Stories/ Ep 2010

1867:Since 1988, Christopher Tims has been reaching the world with his experience of the Eternal Teachings (The Original Way)

1867:Since 1988, Christopher Tims has been reaching the world with his experience of the Eternal Teachings (The Original Way)

Brianna Bragg is an author, speaker, social media expert, mindfulness coach

Brianna Bragg is an author, speaker, social media expert, mindfulness coach

Ling Ling Tai has been in corporate training, learning and development of Global Fortune 100 companies /Ep2247

Ling Ling Tai has been in corporate training, learning and development of Global Fortune 100 companies /Ep2247

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"}
>