With time comes wisdom. This does not mean that the previous conclusions and plans were wrong. As you gain experience, you get to discover new elements of your personality, the system, the mechanics of different matters. And so did my FIRE concept evolve.
This is what I thought about a year ago.
That is a fairly simple, straight forward view of the ultimate goal: be Financial Independent. That will solve all issue and answer all questions. So, lets just do a few simple tweaks in what we already do and… voila!
Turns out that you can even calculate FIRE as 25 times your yearly expenses. A spreadsheet was born and an index created to track progress! All is under control.
You then read a few blogs that are less focused on the money aspects of FIRE. They focus on the journey, on the things you learn, what you want to do after FI. Sure, I had a vague idea, never gave it a lot of thought.
You read a few more blogs on what to do after the FI, about full time travel that is not the holy grail, and lots lots more. You go to meetups and discuss that a goal might not be the best, you might need a system.
And here is my view today
It still is pretty much work in progress. I would call this my version 0.0.7, an alpha release for feedback and bug reports.
- FI is no more the end goal. It is merely one of the stations towards the ultimate goal we have: be happy. Being happy might not be a goal, rather an end state we want to last forever (thx Cheesy Finance for the quote during the meetup)
- There are a lot of items that contribute to happiness. Money is not the only one. It sure is one that makes some things easier when money is not part of the equation. Quality time with family and friends is a matter of priority. One way to achieve this is to be intentional and take a month off from work. This for sure will delay your FI goal, in return, you make a great step forward in bonding with the family and friends. Some things can not be expressed in money!
- Focus on money alone won’t get you there. Finding your passions has little to do with money. It is about finding your drivers, the things that will make you wake up 1 minute before your alarm clock so for sure you are on time.
What is your view on this?