How the Path to Early Retirement is Like Learning to Drive a Car.

If you have the courage to begin, you have the courage to succeed. – David Viscott

Want to take control of your finances and reach for early retirement, but you're confused with where you should start? Let me help you with the first step.

How many of you were scared to learn how to drive a car?  I know I was!  I was scared, nervous and excited.  And you know what?  Taking control of your money and fighting for financial independence and early retirement gives me those same feelings!

Scared that once I am retired something will happen and I’ll have to go back to work.

Nervous because I’m doing so well on this journey so far and I don’t want to mess it up!

Excited because the thought of freedom and financial independence is exhilarating!

This post has been stewing in my head for about a week now and when I finally was able to start writing, the thought hit me.  The road to FIRE is like the road to getting your driver’s license.

There are so many steps to achieve both.

The first step is learning.

Before you actually get your license you have to take a class and learn the rules of the road, right?  When is it safe to pass?  What does that sign mean?  Should you use your high beams or low beams in the fog?

While financial independence doesn’t require you to pass a test, it is a good idea to learn about 401k’s and IRA’s, fees, taxes, investments, withdrawal rates and so much more.  It’ll make the journey a lot less confusing.

Start reading books on financial independence.  Your Money or Your Life by Joe Dominguez and Vicki Robin is great and one that I’ve read about five times now.

The Total Money Makeover by Dave Ramsey is also great for helping you get out of debt.  He also has a radio show that is pretty entertaining and I highly suggest checking out.  I listen to it on my drive home from work.

Then there are the hundreds of personal finance blogs with tons of tips and tricks to help you along your journey.  Mr. Money Mustache and jlcollinsnh are two of my favorites and provide a ton of information on the FIRE movement.

I started reading books and websites when I was deep in debt.  Like $50k in debt.  I knew I had a long way to go, but I wasn’t sure what I needed to do exactly.  After doing a bunch of reading I started doing Dave Ramsey’s baby steps. Continue reading “How the Path to Early Retirement is Like Learning to Drive a Car.”