What kind of questions will a child who has never known anything but two parents with all the time in the world have? How will we explain our unusual life? Because I love thought experiments like this, I wrote a letter to our future kids trying to express what financial independence means to us in terms a child might understand.
Despite the cost of acquiring the next rental property, our February 2016 Financial Statement brings our net worth and safe withdrawal income to a new high… but more is waiting!
I wanted to cover a topic that has been concerning me a lot lately, and which should be concerning you, too. It’s a little distasteful, a little uncomfortable, and a little gross, but we’ve got to address it. That’s right, I’m talking about cannibalism in the FIRE community.
There’s a harmless-sounding lie you can tell yourself that may sink all your financial plans. Take it from me: deserve is a dirty word.
Our January 2016 Financial Statement brings some setbacks to net worth and safe retirement withdrawal, but more monthly cash flow is waiting in the wings!
I don’t know– maybe it’s all the time I spend focusing on the life we could afford abroad, or maybe it’s that my ideas about financial independence have changed with time, but it seems to me that FI doesn’t happen all at once.
What if we retire and find we hate it, or that we weren’t quite as ready as we thought? The financially independent have a power that working people don’t: the freedom of changing your mind.
I’ve worked most of my professional life in small Silicon Valley tech startups. On reflection, I realized that the quest for financial independence is like a startup in a lot of ways.
In our December 2015 Financial Statement, we made modest gains… but we set up big time retirement income increases for 2016!
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