Tanja Hester and her husband Mark Bunge achieved an incredible financial goal: saving enough money to retire early. Hester and Bunge left their jobs in 2017 (at ages 38 and 41, respectively), and Hester has been chronicling their experience on her blog Our Next Life.
Hester’s new book, Work Optional: Retire Early the Non-Penny-Pinching Way, takes her blog one step further. This action-packed guide is designed to help everybody achieve a greater level of financial independence and build a life where work becomes optional — and maybe even follow Hester’s example and retire early.
I got the chance to talk to Hester about her book, why the financial independence movement is for everybody, the two budget line items that have the biggest impact on your savings, and why you should keep your life insurance policy even if you retire early.
Most of us don’t think about how moving to a new state might affect our taxes—but a new study from moving company HireAHelper shows that these kinds of moves can affect our tax bill by up to $7,700 in either direction.
Today is Equal Pay Day, the day on which we acknowledge that a woman would have to work a full fifteen months to earn what a man in an equivalent role makes in a year. Since the wage gap is 80 cents to the dollar—that is, a woman earns 80 cents for every dollar a male peer earns—it takes women until April 2 to earn what men make between January and December. Many women of color have to work even longer to catch up to both their white male and their white female peers.
However, a recent study suggests that we might have to push Equal Pay Day a few more months down the road.