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This is a topic I obsess about. I tend to spend a lot of my free time reading and planning. My overall goal is to be able to retire in 10 years at the age of 52.
I am constantly on the fine line between being cheap and being frugal. There are a number of things I am contemplating right now:
1. How much do I need in retirement to support a similar lifestyle? I have a number but I am not sure how realistic it is.
2. I am getting married this year - my expenses are going to go up quite a bit especially with children not too far off in the future. I am having children much later in life than most people.
3. Life Insurance - I need more but I feel like it is a scam - although I know it isn't.
4. I manage my own money - with reasonable returns but am I being aggressive enough - tend to be more conservative.
5. How do I reduce my expenses - my goal is to save 50% of my income annually.
Sometimes I feel like I am on an island because people do not love to talk about this kind of stuff. Just curious how much planning you are doing.
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