Defending Mr. Avocado Toast – Priorities are Key

I HATE when I feel compelled to weigh in on stupid shit but it is hard to bite my tongue in certain cases…

I am sure you have all read THE POST that spawned the avocado toast backlash that will forever go down in history as the one item that could knock the $4 latte off the FI stage.    Thank fucking god…I hate coffee and could never truly relate.  I would much rather debate an avocado as the reason no one can afford to save, so here we go…

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Looks just like mine… ~via~

First off, GenXer here…I feel the need to state that as this slanderous attack was thrown directly at my good friends, The Millennials.  But seriously folks, this issue is not generation based – it is stupidity based.  Yes, I said it.  As a whole, people are financially stupid.  What?  You never made a financial mistake in your life??  Just wait, you will.  And when you do, feel free to come back and tell us all about it!  I promise not to chastise you because I have been stupid too.  But to get straight to the point, this whole avocado toast thing has been completely blown out of proportion, on both sides.  Continue reading “Defending Mr. Avocado Toast – Priorities are Key”

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Goldilocks & The Three $$ Tiers

As some of you know, I have been struggling with the moment to moment aspect of  FI.  I recently wrote a post in regards to my Month of Financial Celibacy.  From the comments I received on that post, most people assumed it would be the markets I couldn’t wait to check but really that has little impact on me.  It is my spending and tracking of said spending that really gets me going.  I am only a week in (actually, 9 looooong days), but I am still doing pretty good.  Instead of focusing on the day to day numbers I am shifting my focus to the number one factor of the overall equation – how much is ENOUGH??

The idea of enough is one that haunts many of us FI seekers.  What if we quit our jobs too soon?  What if the market falls?  What if we get sick?  What if we forget to prepare for one of the other millions of little things that can go wrong???  It is all too much to ponder.  For this, we need a strategy.  My strategy comes straight from a childhood favorite…

Goldilocks and The Three Bears Tiers

For those of you unfamiliar with Goldilocks, let me sum up her story.  Goldilocks is a trespassing brat who not only enters into The Bears home without permission but then proceeds to spread her germs to all of their bowls of porridge before settling on one that was neither hot nor cold but just right.  After she eats The Bears food, she decides she is quite tired from her jaunt in the forest.  Instead of going home, which is what a normal criminal might do, she decides to wander into The Bears living room to rest in a chair.  Naturally, 2 of the chairs were too big and the smallest (though being just the right size) falls to pieces when she sits down.  Ugh…  Goldilocks doesn’t bother to think that perhaps karma is trying to send her a message so she pushes the envelope further by going upstairs to test out The Bears beds.  When The Bears arrive home to find their porridge eaten and the chair broken they decide to do a thorough search of the home.  Sure enough, Goldilocks has tested all of the beds (one was too firm, one was too soft) and is still sleeping in the one she deemed just right.  Upon their growls, Goldilocks wakes with a scream, runs down the stairs and out the door.  The Bears never see or hear from her again…not even a thank you note!

So what does this fable have to do with my story??  Well, I am Goldilocks.  Not the thieving, vandalizing, lice spreading version…but the one who is always looking for the FI number that is just right…

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~via~

I have mentioned my tiers of FI in other posts (and in various comments on numerous bloggers sites), but I have yet to dig into it and spell it out.  So here we go: Continue reading “Goldilocks & The Three $$ Tiers”

May Challenge – A Vow of Financial Celibacy

This post was featured by Rockstar Finance. If you clicked over from there, THANK YOU, and I hope you enjoy the read. If you just happened to wander over here and are interested in all things Personal Finance or FIRE (Financial Independence/Early Retirement), I highly recommend you hop over to Rockstar Finance to check out their site and all the awesome bloggers they host weekly.  Oh, and don’t forget to check out the Rockstar Finance Forum where you can chat PF to your hearts content. Thanks for stopping by and I hope you will follow along on my long and winding road to FI!  Now, on to the post…

This year I decided to start building better habits.  It started with walking, then taking vitamins, then adding on a bit of working out and, last month, dental hygiene.  This month, I am taking a step in the opposite direction.  Instead of focusing on a habit to build, I am focusing on a habit to BREAK.  A bad habit.

You see, the path to FI is a long one.  The end result is years away but we chip away at it daily and with constant dedication.  It is the daily that I am stuck in…like a mud slide in hiking boots, it is time to loosen the laces and step free of the load that is holding me back.  The day-to-day number crunching that I have become addicted to is making the entire journey less enjoyable.  I have read sooo many posts from my PF friends that are having the same issue – living in the now.  Heck, I even wrote about it myself!!  And while my words still ring true in that post, I am enjoying the journey to FI, I am also wringing my hands in the background waiting to get there.  The only way I can break this twitch is to stop cold turkey.  It is with this in mind that I have declared May my month of Financial Celibacy…

I WILL NOT CHECK MY BALANCES UNTIL MAY 31.

Young woman being dragged away from her laptop computer, as she tries to hang on to it.
~via~

The first step was to recognize it.  And I did.  I recognize that my financial tracking is out of control.  It is a complete free for all.  I don’t tally my numbers once a month.  I do it every day.  It is constant.  It is time-consuming.  It brings me equal parts joy and madness.  All of this information is at our fingertips.  I can check the market, check my balances, check to see if a purchase went through and has posted.  Every moment I am doing this is stealing moments that I could be doing other things.   Continue reading “May Challenge – A Vow of Financial Celibacy”

Shift Your Perspective & Create New Habits

Hey, All!  It’s Monday and what that means for most is the start of a new week after a hopefully awesome weekend.  For me, today is the start of my weekend after finishing a 5 day stretch on the road.  I know, I know – most people work 5 days in a row!!  And having done it before I sympathize, I do.  But for us Flygal’s it is a looooong time to be away from home particularly when you factor in the 12 flights, 3 different beds in 3 different cities, all while maintaining a perma smile that I now associate with giving me wrinkles.  🙂  Haha – it’s funny no matter how much we love our jobs we still find something to gripe about!  Moving on…

Are you guys reading Four Pillar Freedom?  If not, you should be.  Not only because JD Roth is reading it…

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But also because the writing is on point.  A few days back, Zach started the month with a powerful post about shifting perspective from the things we should stop doing in favor of the ones we should start doing.  It’s a great list and I implore you to pop over now and check it out.  I’ll wait…

Fabulous, right??  If you didn’t make it down to read all the comments, here is what I wrote: Continue reading “Shift Your Perspective & Create New Habits”

Financial Independence: The Journey AND The Destination

I write amongst a large group of people who are all focused on the same thing… financial independence – FI for short.  FI is the amount of money that is needed to sustain your specific lifestyle comfortably  for the unforeseeable future regardless if you work or not.  Some have calculated their number based on a formula and when they hit it they will quit, others have picked a date and plan to hustle to until then.  Personally, I am working towards a date. November 16, 2023.

I’ve talk about my date in-depth HERE, but briefly I will explain that I have based it on a combination of actual retirement from my job and the amount of time it will take for me to save for my FI number and have come up with November 16, 2022.  Though I have no intention of actually retiring, I will be so happy to know that I can take off months at a time and not worry about my financial future. Looking 6 years into the future, I see me spending my free time travelling, volunteering, maybe a bit of working…you know, enjoying life!!  But what about right now?  What about the seconds, minutes, hours, days, months, and years between now and then?  Am I looking to far into the future without giving today the attention it deserves?

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I know many of you can’t read the line in that photo without breaking into Steven Tyler’s voice so go ahead…I’ll wait…

Continue reading “Financial Independence: The Journey AND The Destination”