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The Journey Begins

I’m stepping up my game and getting my life together.

I want just enough to enjoy my life.

From financial independence to minimalism and health. I’ll be journalling it all here.

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Health is wealth

Turns out keeping the same headonistic eating and partying habits from your early 20’s, while progressively working longer hours at your desk is pretty bad for you.

Shocking right?

It sounds obvious but it creeps up on you when left unchecked.

Good health is important to financial health for a number of reasons, including the savings on more extensive future medical expenses.

I’d also just like to feel my best as long as I can and go into old age strong and healthy.

I’ve decided to make the following small, easy changes and reassess my targets in 30 days:

  • Intermittent fasting 9/15 – no more late night feasting and hopefully some of the benefits associated with this approach to eating.
  • Increase fruit and vegetable intake – I average 5 serves a day and want to increase to 8 a day.
  • Daily meditation outside and in a natural setting – time spent in both nature and meditation reduce stress among other benefits.
  • Daily walks at lunch and after work + long walks on Saturday and Sunday – increased activity and the associated benefits.
  • Focus on better hydration – for obvious reasons.

I’m also going to try spend 5 minutes each weeknight organising my next day to reduce stress which has been sky high for the last 18 months.

If you have any other simple stress busting tips I’d love to hear them!

F.I.R.E TLDR Version

What’s f.i.r.e?

  • Financial
  • Independence
  • Retire
  • Early

Basic concept:

  • Reduce your outgoings
  • Invest enough to eventually reduce or remove your reliance on selling your time for a wage.

You can keep working (selling your time) once you have enough, but you’ll have more options.

How much do I need? The rule of thumb is: 25 times annual expenses.

When 4% (per year) of the value your investment(s) is enough to cover your annual cost of living*

For example
  • your total annual expenses = 30k per year
  • 25 x 30k = 750k
  • 4% of 750k is 30k per year
  • *750,000 x 2 = 1.5m means you have some cushioning which you will absolutely need

There’s a lot of different ways to get there but in general the advice is:

  • Spend less
  • Spend less often, sometimes more money upfront means a better quality product that saves you money by outlasting a cheaper item.
  • Invest as much as you can as early as you can.
  • A dollar saved is not just a dollar (compound interest).

I’d like to write more TLDR guides on related topics, sometimes you just want the info without the chit chat

Goals

Confession; I used to spend almost everything I made until about 6 months ago.

Like a reckless 12 year old with pocket money.

In January 2019 I decided to take control and I’ve been doing a lot of research and internet searches on financial philosophies. To really reflect on what exactly I’m aiming for.

I’m not trying to rule the world, I just want the freedom not to need to sell my time to support myself.

At least to sell less of my time, I want enough enough to enjoy life.

Key goals:

  • Get financially independent
  • Able to semi retire between 2026/29*
  • Become more frugal
  • Find my version of minimalism
  • Improve my overall health and fitness
  • Embrace self discipline
  • Buy a home
*Would continue working for a few years to be safe

Current status:

  • I’m a LONG way from financial independence.
  • I’m learning to be frugal-ish.
  • I’ve offloaded 50% of my belongings a few years ago but accumulated since.
  • I’m in the worst shape of my life.
  • I have almost no self discipline.
  • Renting close to work.

I’ll be writing about these and related topics to hopefully help people find their way or learn from my mistakes.