Lately, especially coming up to the sale of the house and the subsequent settlement, I’ve been diving headlong into educating myself about personal finance. There’s been very little blog writing, but masses of blog reading, along with podcasts. A roughly 2 hour/day commute enables a lot of listening to go on, so at least I feel I’ve been using the time productively.
My Feedly has 40 personal finance blogs that I read, while my podcasts are roughly half personal finance/FIRE (Financial Independence/Retire Early), while the others are a mishmash of comedy and other interesting podcasts about science and other things. I’m a member of the Barefoot Investor’s Blueprint, along with some really valuable Facebook group spinoffs from that which are filled with knowledgable people who discuss and educate those who are Mathematically Challenged, such as my good self.
All of this has been growing since I paid off my first house 4 years ago, but this year I’ve really ramped it up. Some people take to this information like ducks to water, but for people like myself who have almost what amounts to a phobia against numbers and spreadsheets, it’s been a step by step process that takes a lot longer. Still, I’m motivated to learn. I don’t want to work until I’m 69.
Learning about the 4% Rule really changed things for me. It gave me a number to aim for, instead of just an aimless wish to have “enough” money to retire. I first heard about it through Go Curry Cracker’s blog post about it, but I didn’t really grasp it fully until I read Mr Money Moustache’s The Shockingly Simple Math Behind Early Retirement.
Then I started to get excited. Not just for me, but also for my boys. If they could grasp how compounding could work for them and they took steps to utilise it – how much better off would they be? Imagine the choices that could open up for them in their lives?
This is why for the last little while I’ve been putting personal finance posts that I like at the bottom of my posts. If I find this stuff exciting and empowering, I’m hoping that some of you might feel the same way. I know I still have a lot to learn, but I’ve set a retirement target date of 2022 or 2023. I’ll be old enough to access my super by then, but young enough to still be able to nimbly scamper all over the world without needing a zimmer frame.
I’m intending to start posting more regularly again. I still read all of my peeps’ blogs and I want to hold up my end of the bargain by supplying reading material too. 🙂
Finance post: The Core Tenets of ‘Get Rich Slowly.’ There’s a lot to like in this post.