Mission Statement: Yet Another Blog?
The purpose of this blog is to track our journey to Financial Independence, Early Retirement (of the extreme variety) and whatever lies beyond. We plan to provide as much detail as possible on our goals, our progress to meeting them, and how we are doing that. Our reasons for doing so are three fold:
- Provide another example of (hopefully) achieving early retirement
- Hold ourselves accountable by making our goals public
- Have fun, share thoughts, and learn from others
What this blog is (and is not) about
It’s hard to talk about financial independence without talking about money:
- We’ll be making updates on our current spending and financial status, and what that means in terms of our path to financial independence.
- If we have new investing or income generating ideas we are curious about, we want to try them out and document our experiences.
- We’ll list our expenses, and what things we are trying to do to keep them under control while continuing to live an awesome life. Ultimately while people like to talk about income, expenses are a lot more under our control and will probably be what we track the most intensely.
Given all that, this is not really a blog just about frugality, we tend to have expensive tastes but seek value for our dollar; what is most important to us is having our spending align with our values, which is what ultimately leads to financial independence.
Why Financial Independence
Financial independence means different things to different people. To some it might just mean not having to rely on others to meet their basic needs. To others it might be synonymous with Fuck You Money. For our purposes, we’ll define financial independence as having enough saved that the returns from those investments would fund our basic expenses indefinitely. (Of course, this is a lot easier if you have relatively simple needs to meet, getting back to that cutting costs thing…)
For us, achieving financial independence means no longer needing to work for money. This blog is not about hating work (well at least not for both of us). Work can be great, rewarding, and bring tangible benefits to you and the world. The need to work for money, however, can be the opposite. Financial independence breaks the link between working for fulfillment and needing to meet our basic needs. We can work on what we want, how we want, and for exactly how long we want. Or we can choose not to work at all…
Why Early Retirement
Having said all that stuff about work being great, we have to admit that it’s far better when other people are doing the work. We’ve been around long enough to know what we like and what we don’t, and conventional full time work for the majority of your life just isn’t it.
There’s a wide world out there, there’s friends and family to spend time with, there are hammocks waiting to be used, and ultimately, life is too short to spend it in a cubicle. (I sometimes wonder if there would be less early retirees if cubicles had never been invented). Work is great, but leisure can be even better. We plan on living a life worth living and leaving no wine untasted..
There was a time when love was blind And the world was a song And the song was exciting ... Then I was young and unafraid And dreams were made and used and wasted There was no ransom to be paid No song unsung, no wine untasted ... I dreamed a dream in days gone by When hope was high And life worth living ... credit