How I Borrowed Over $250,000 at 0% Interest

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GCC: Every once in awhile, somebody does something incredibly amazing. And when they do, I always ask myself, “How did they do that?!” and “Could I also do this amazing thing?”

In this case, that amazing thing is borrowing $250,000 at 0% interest while saving $30k in taxes, $6k+ in interest, and earning $2k+ in bonuses.

Read on to see how one Go Curry Cracker reader did just that.

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Legal Money Laundering

Cash flow is kind of important, in (early) retirement as in life. No cash flow, no nuthin’ – can’t pay the bills, can’t buy the things, can’t do the stuff.

A couple common cash flow challenges in early retirement involve:

  • wanting to spend retirement account income before age 59.5 (you have the funds, it’s just locked in tax-deferred accounts)
  • contributing to tax-deferred accounts when you have little to no cash on hand (but have earned income)

I like to get around these challenges with a little legal money laundering.

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Our California Dreamin’ Budget

We are coming up on a year of living in California and are now largely accustomed to this new lifestyle. We have our routines and most things are on autopilot, including our spending.

With our big move I had framed out a rough budget and recently reviewed our expenses to make sure it was at least in the right ballpark.

Below I answer some frequently asked questions:

  • how much do we spend?
  • where does the money go?
  • where does the money come from?

Let’s go.

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Inflation Pontification

We live in interesting times – prices are up, the market is down, life’s necessities are often not available at any price, and even gasoline is at “all-time highs” (if you ignore inflation)…

So it is no wonder that people are concerned. I’ve been asked the question numerous times, “Is early retirement doomed? Is this the start of another worst retirement ever?

Let’s explore.

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GCC Asset Allocation 2022

We have been living off our portfolio since late 2012 (9+ years.)

Our lifestyle (and budget) has undergone some pretty drastic changes in that time, but for the most part the portfolio resembles its younger (much smaller) self.

Let’s explore what is different, and why. (Cuz there are some BIG changes.)

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Go Curry Cracker 2021 Taxes

After a decade of zero and near zero tax bills, our 2021 tax return looks a bit different – We paid a LOT of tax.

No surprises though – I sold a ton of stock to pay cash for a house. In the grande scheme of things it is no big deal.

I’ll break it all down below (with links) and highlight some things I did to minimize taxes this year and going forward.
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