Running out of money — it’s one of our biggest fears. But my in-laws never gave it any worry. With their high incomes and a home in the heart of San Jose, we never dreamed there was any financial problem. And neither did they. It was just the beginning of a year that we spent solving their late life crisis. Against the odds, it has turned out great. Because they were saved by the bubble!
In August of 2003, I was flying from San Francisco to Paris, joining a friend of mine on a trip to Europe. But just as my plane touched down in New York City, the power went out across the eastern seaboard. I didn’t know it at the time, but it was going to be three days until the lights came back on and normal operations were restored. Here I was, without power, without technology, without food and without money.
I had a dream the other day that I just can’t get out of my head. And it felt so real. I was at FinCon, meeting a lot of experts in personal finance, and I told them I just sold all of my stocks and moved everything into cash. Everyone started yelling at me. “Are you crazy?” and “You’ve got to stay the course, stick with your plan” and “Don’t you know you can’t time the market?”
Do you really have to go halfway across the world to have an exotic adventure? Or could you do it in your own backyard? Matt and I have been lucky enough to have taken some incredible vacations all over the globe. But, in spite of how awesome these trips have been, each time we came back from a fun and exotic place, I would look around and wonder. “Hmmm – I think I could experience that right here in Stockton!”
I just returned from my 2nd backpacking trip ever! I am still filled with a sense of enthusiasm and energy. What an experience it is to put everything you need to live for a few days on your back and head out into the wilderness. As I went out the door, I could not help but think of so many similarities between backpacking and the pursuit of financial independence.
We’ve ended up with a much safer retirement nest egg that we had worried about before quitting our jobs. Why? Partly, because just after I left my real job and entered the world of financial freedom, I “bought” myself a side gig. It was 2011 and real estate was on sale everywhere. Even crazy, leaky, old falling apart places with great possibilities to someone just crazy enough to try it. Like me!
When You’re Going to San Francisco (Sacramento Actually), Be Sure to Wear a Flower in Your Hair”!
I’m so stoked. Friday night we gathered for the first meetup of our local Sacramento ChooseFI group. Yeah! It was at a brewery and we’d never met before. I wondered before I left the house.
People who knew me anytime in the years 1988 to 2010 think of this car. My 1983 Mercedes 240 Diesel. I personally put 500,000 miles on it over 22 years commuting to the cubicle as an Electrical Engineer. When I look back at all of the things that led me to early financial independence, this car is top of the list.
Have you experienced the new team sensation – The Escape Room? People pay to be locked into a room with a group of people, working together to use clues to solve puzzles, open locks, and escape out of the room in one hour.
I went with a group of friends recently to try this out and we had a blast. It occurred to me that the actual locked room that we need to escape is … THE CUBICLE!
What does it mean to be out of your comfort zone? Fritz, over at The Retirement Manifesto, just wrote a really inspiring post called Living Life At The Limits. I love reading different bloggers in the FI community. Ever since I quit my job (others call it retiring!), I’ve been trying to keep growing, which means doing things that scare me. So what does all this have to do with Financial Independence?
Brainstorming Ideas from Brilliant People in the Financial Independence Community
Financial Independence Ideas
People make their own cages with work and money, not realizing that there is a way out if we “see the light”!
Come join me as we explore FI Ideas that will help you find a way to get more freedom. Using great content from blogs, podcasts, books and YouTube, together, let’s create a path to FI.