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So, knowing this, I automated everything and paid myself first. If you spend throughout the month without saving and paying yourself first, you will fail to achieve anything close to financial freedom. Maybe some people have self-control, but not me. Knowing that I tended to spend any money I felt was lying around, I quickly made sure to not allow any to be lying around.
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Even with the increase in pay, I didn’t upgrade my life or spending in any serious way. I read about the dreaded lifestyle inflation and wanted to avoid it like the plague. The more things I acquired brought me no such lasting happiness. Maybe I’m stubborn, or a slow learner since I should have learned this lesson earlier from when I first moved to Louisville. I had to re-read some good face punching articles from MMM to realize more things would not bring me happiness. I had many wasteful, stupid, habits which I immediately began addressing – including spending $1000s of dollars per year on clothes and nutritional supplements. As the saying goes, I began paying myself first. Money that was going towards my car every month was now split between a savings account for an emergency fund and the rest to a taxable investment account. I increased my 401K contributions to the max for the first time, maxed out an IRA and switched my health insurance to a high deductible plan with an HSA and maxed it out. I had close to $1,500 on my car loan remaining, which I immediately paid off. Plus, moving to a state with no income tax didn’t hurt either. Earning a promotion and increasing my income by almost 50% and finding FIRE all at the same time, turned out to be the best thing that ever happened to me. So to pick back up with the story, in March of 2016, I earned a promotion with my company. With this vision of life after FIRE consuming my thoughts “I started making positive changes that would eventually pay dividends many times over to my future self.” Positive Life Changes I have always had a strong vision of a positive future and how my life was going to turn out. According to Gallup Strengths, my top strength is Futuristic. I recently took the CliftonStrengths assessment, an idea I got from Ayo, the author.
My days would consist of endless bliss I would wake up and spend my time living the good life.Įven as a kid, I prided myself on my imagination. I didn’t know what I would do if I achieved FIRE, but I knew I’d be happier if I didn’t have to work, right? This FIRE thing would magically fix everything wrong in my life. The FIRE was burning inside of me, pun intended.
Most notably, the Mad Fientist blog and podcast. MMM was the start, but I quickly discovered others who had done the same, and you bet I read all of those as well. So simple but so profound “ I saw myself traveling, spending time with family and friends, working out, relaxing on a beach somewhere living the good life”. And slowly, a vision started to form in my mind.
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It couldn’t be this simple, could it? I had to find out “ so I read the Shockingly Simple Math article on MMM and devoured countless other posts during any free time I had. So the concept of FIRE seemed so foreign and too good to be true to me. You need millions of dollars to “retire” don’t you? I had always thought that was the only way. But, besides the 4HWW most books about early retirement seemed to be along the lines of “earn lots of money from starting a business, sell it and retire in your 30s”. I read I Will Teach You To Be Rich, The 4-Hour Workweek, and countless other books on investing and entrepreneurship. I had always been interested in saving and investing my money. Money Mustache articles, and followed his advice.
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To my surprise it was neither the article went on to describe that the couple had typical professional jobs, saved over 50% of their income, read Mr. I clicked on it, fully expecting it to be some multi-level marketing scheme – where they sold some special kind of juice, and they miraculously made millions of dollars over the next few years. If I remember correctly, I think it was Kristy and Bryce from Millenial Revolution. I had never even heard of FIRE before – until a good ole clickbaity Facebook article popped up on my newsfeed, with something along the lines of “ See How This Couple Retired at 30yrs Old to Travel the World“. Plus, I had visited a friend there the previous Fall, where I had an absolute blast and fell in love with the city.Īround this time, I stumbled across the concept of FIRE- Financial Independence Retire Early. The building was located close to Austin, TX – which I was extremely excited about as I knew Austin was an up and coming city for young professionals.
However, the promotion would require me to move – to Texas. At this time, I wasn’t in love with my job, but I had been working hard at it and was on track for a promotion which I received in March of 2016. Part III of my Finding FIRE journey picks up around late 2015 – early 2016.
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