Wow! There are so many FIRE bloggers who have executed major changes in their lives in 2016. Mr. FireStation retired! Matt and Daniel at The Resume Gap quit their jobs and started an epic road trip. Steve and Courtney at Think Save Retire are now A Streamin’ Life since they’ve moved into their Airstream full time! The Frugalwoods are moving to their Vermont homestead in June.
Since Garrett has been a little distant from the blogosphere lately, I updated him on the latest happenings. His comments surprised me. “We’re getting left behind! We’re the only 30-year-olds who haven’t retired.” Of course, he was joking, but it made me pause and reflect.
With our “late start” on this FIRE journey, we’ve tripped up in a few places. We still have a fair bit of debt and we don’t fully fund any traditional retirement account. If we work until the end of 2020, assuming no pay raises, we could have enough saved in our traditional retirement accounts to meet the demands of the 25x rule (25 times our annual expenses) to be able to withdraw 4% annually. But that would put us beyond our lofty goal to reach FI in May 2019. Darn! There’s that feeling of getting left behind again! 😉
Since I started reading Your Money or Your Life, I’ve had this underlying anxiety about the choices I’ve made that made me “behind” once more. After lamenting to Garrett about the general tone of this text and the anxiety I felt, he reminded me of just how far we’ve come in a year. Where will we be in another year? Further ahead than we are today. And then the year after that? Unknowable, but hopefully, even further.
Struggling to catch up on our finances only appears to be a struggle because of our lofty goals. After a couple of pity-party days (#firstworldproblems), I gave myself a pep talk and resumed my usual “head down and hustle” mentality. We’ll pay off our debt soon. Then, we’ll figure out our investment mix. And eventually, we’ll look back and realize that we’ve achieved all that we set out to do.
This journey requires just as much (if not more) patience than money. 🙂