Exciting week for me at work. I started shadowing for a role I'm interested in learning more about. I've been in my current role for 7 years now and I'm excited to try something new, even if it's only a few hours a week while concurrently managing my current role.
FIRE (Financial Independence Retire Early)
Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
Cool! Probably helps break up the monotony.
I had COVID recently and realized that life is short, and could be shorter. Got my vaccinations but it was still awful. So I'll try to enjoy the "boring middle" a bit more!
I just got back from vacation and am facing a complete lack of motivation for work this week and have been dreaming of RE. Interestingly, I'm somehow comforted by this feeling. It was how I felt most of my career, but recently started being complacent with my work situation. Not because it is great, but because I think part of me had finally succumbed to the fact that I have to and that made me stop dreaming. Now I'm dreaming again.
Here's to the perpetual vacation coming sooner rather than later!
How far off?
We’ve never been one to strictly budget, but SO and I had to take a step back and come up with a plan after we both acknowledged that we impulse buy too much on Amazon. We can afford it just fine even with a >50% savings rate, but we still want to rein it in a bit.
We’ve decided to try making a joint wishlist (both are contributors). Whenever we think of something that we think we want or need, we add it to the list. At the end of the month we’ll look at it. Each item gets reviewed and deleted if no longer wanted/needed, added to the cart, or pushed on to next month’s list for reconsideration.
It does help to see everything in the cart at once to decide if it’s really worth spending that much.
Even if you can afford it, from an over consumption perspective it's great to be conscious of what you are buying and if it is something you actually need/want.
I'm the sort to over research everything I want to buy. A lot of the time, it convinces me I'm fine with what I have. Others, it makes me confident that I am getting the best value for what I am purchasing. There's really no downside to waiting a few weeks to decide on a purchase.
Anyone else unironically choosing to work a bit on Monday to get a head start on your workload, even though they have the day off?
Not for me, I don't find that working extra ever gets me ahead, so I take every bit of time off that I'm entitled to. I didn't originally plan to have the day off, but every Monday meeting on my calendar got canceled, so I decided I may as well enjoy a 4 day weekend.
Today's looking to be a good day.
- Will be filling out my spreadsheet tonight after market close, and the market is looking super high thus far today
- It's the third payday of the month.
- Plus it's the last day of work before a 4 day weekend!
Has anyone switched to working for 4 days a week? I have an option to do it but not sure if it's worth the money cut.
Knowing myself I'd probably still work for 5 days just less hours per day.
We went down to 3 days a week during the initial COVID lockdowns. Honestly, it was absolutely fantastic. I'd probably want to go to 3 or 4 days a week before I go into full retirement.
If I was at a baristaFIRE or leanFIRE level, I would absolutely consider it. Earlier in the savings process and the income reduction might not be worth it.
Not really, however I’m fortunate to get 33 days of PTO per year, so once my bank got near the limit of 40 days saved I was able to arrange for one day of PTO to be used every two week pay period. The extra day off really helps!