Apr 15, 2018
In this interview, I talk to an anonymous person. He calls
himself "Smile If You
On my effort to get to know other personal finance bloggers, I
reached out and I asked Smile If You Dare for an interview. I was
pleasantly surprised. Here are the highlights of the interview.
Smile If You Dare Interview Highlights
- Smile If You Dare (From now on "SIYD") wants to share his
experience on what is it like to live in retirement and how living
in retirement affects his financial life.
- In his younger years, he never thought about money. Apart from
contributing to his 401 (k) and IRA, where he would make
contributions, he would spend the rest of his money. He would eat
out every week day and on weekends, look for other ways to spend
- Fortunately, SIYD contributed the maximum limit of his 401 (k)
- The change in his life came about when he met a woman, fell in
love and got married.
- His perspective on life changed. He started thinking about the
future. He realized that he had no savings outside of his
tax-deferred accounts. He wanted to buy a house but had no
- He was fortunate that his wife was frugal and between the two
of them, they were able to buy a house.
- Ther realization of not having any savings put SIYD on the path
of self-education about money, he started reading books and blogs
- Over the years, he became interested in better managing his 401
(k). He started focusing on index funds with low managing fees. Out
of the subset of index funds, he became even more interested in
funds the focused on dividend stocks.
- Once married, they lived a frugal lifestyle. They continued
contributing towards, their registered account, they would pay the
mortgage, they would eat at home, and they started increasing their
savings. They were gardening, growing some vegetable and
- Growing your own food, not only save money, but it is also a
great activity, plus, it gives a feeling of accomplishment.
- Within his abilities, if something breaks in the house, he
would repair it himself.
- SIYD gave a few simple examples of frugality, of preservation
of natural resources.
- SIYC also started investing in individual companies, companies
which pay good stable dividends. He would either cash out those
dividends or reinvested. He believes that this is the best
investment system for him.
investment list put together by David Fish.
- We spoke about life after retirement and how the blog Smile If
You Dare got started.
End of the podcast recommendations: