Cost Of Living And Personal Financial Runway

Never Retire Checklist: #9

Source: Author

I introduced luxury of choice in the last installment.

To kick off today’s installment on cost living, let’s go deeper into luxury of choice.

Because it underlies every thought, idea and concrete method we’ll cover through the rest of this series.

I first wrote about luxury of choice on Medium in November 2021 —

The rich live this every minute of every day, though I’m not sure they think much about it, if at all. If they do, they might not maximize its value if — for whatever reason — they continue to work excessively hard.

The luxury of choice

Attaining the luxury of choice might be the most realistic money goal you can chase. At least from the current crop the standard financial media spews at you on the daily.

Luxury of choice works best because it captures something we’re all capable of doing if we make decent or better money and maintain a low cost of living.

Tracing my thinking on this term.

• Traditional retirement — not going to happen for many of us.
• Financial freedom — pretty much the same thing. You have enough money to never have to work again. Also, not going to happen for most…