The journey to FIRE is a marathon: it takes years of hard work and perseverance to reach the finish line. After initial motivation, you can get into a dip full of doubts while you execute the plan. Making that part fun is a must. Gamificiation can help!
It is an idea originally from BITA: 10 FIRE games that got me thinking about this. Time to start an overview of random milestones we already reached!
Where can we already live today?
There are some nice websites, Mrs. BITA uses the earth awaits. There are some nice filters that you can set.
When I Look at our nest egg and use the 4 pct rule, we can derive from that a monthly budget. When I plug this and some other parameters into the site, I get exactly one match. Anyone already been there?
I did use some very strict parameters on pollution and crime and off course, I want to live like a king, having an opulent life style! When we pick ample or modest, a whole range of cities opens to us.
Of course, limitations would apply. So what, there will always be limitations, even for the 1pct of the world.
Conclusion: we are in fact already fIRE! It is an intentional choice not to go there.
I checked my hometown and it is confirmed: we are not FIRE yet when we stay. One day…
Are we coasting already?
This refers to a nest egg that, when left alone would reach the target amount for FI at your pension age. Or said otherwise: when you stop saving now, you will have an independent retirement as from your pension age. And actually, each time you add money to your nest egg, you get to the FI point sooner. This is actually a magical point to be at.
Depending on the returns that I plug into my simulator, we are just coasting or still far away. That is actually a bummer. I was quite convinced that I would be coasting by now… bummer. Maybe next year, as the graph is based on early 2017 figures and a lot has happened since then.
The Bayalis FIRE date
Another ay to track the progess is the Bayalis FIRE date.
We are almost in May. As the tool allows it, I added a May surprise.
What is your progress?