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
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…
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”