Monthly Archives: May 2016

FIRE.005 Schetchle your life

Did you ever have something huge explode from the simplest of things? Maybe a life change from some small occurrence. Maybe a new friendship from crossing paths accidentally. Maybe a new job from a chance meeting. Maybe your relationship from a little spark? Sometimes acting on that one simple thing may lead to something great. Maybe.

So, one morning while I was sitting in my spa (as others commuted to work—it’s a rough life, I know), I was thinking about my upcoming day—my items of focus for the day. I thought how my “schedule” was just “sketched” out to give me a rough plan for the days/weeks/months. I thought, “I have a schetchle.” My schetchle allows the flexibility to shift most everything I have to do to fit my mood/energy level of the day. It’s not only small tasks, even some trips can be shifted by days or weeks if I feel different than when I placed them on my schetchle.

I cannot tell you how many times my very organized wife wants to strangle me when trying to schedule a joint appointment. If you recall in the “FIRE to me” post, I stated first and foremost I wanted to get away from the formalized, structured schedule of the 7a-5p work life.

I maintain a VERY detailed calendar. I’m super organized. However, I love my flexibility each day/week. This flexibility requirement of mine is what leads my wife to hate when I shift things around on my schetchle. Say I don’t feel like going to the gym on Monday, I just shift it to Tuesday. That seems logical to me. Of course, there are “real” appoints, often with others that I cannot change—and that is perfectly acceptable.

I feel I can optimize my time better while still being flexible. Imagine taking on the tasks that you only WANT to do—if possible. Each item it performed with a much more positive attitude, hopefully resulting in a more optimal result. A schetchle is so much lower stress than a schedule.

The crazy thing is, the hardest part of this schetchle has been trying to figure out how to spell is and not overlap with other internet/urban dictionary terms. Sketchle, sketchdle, sketchdule, schetchle, schetchdle. What a waste of 2 or 3 hours!

 

I felt my schetchle idea had to be published because so many people get stressed over their schedules. This one word—schetchle—lead me to start this blog. How is it that one word, based on the principle of flexibility lead to such a large amount of effort? Sometimes a little idea can produce an exponential result. Not that this is earth shaking, but extremely valuable to me.

Do you wonder what your next idea will be?

FIRE.004 Thank you-for helping me get here

How did I get FIREd? What did I do wrong? How did this happen!? I don’t have to imagine an introspective look at what I did wrong at my job, and why the company let me go after ## years of service and dedication… I created my FIREing! It is a good thing, actually a GREAT event. FIRE is an accomplishment that took decades of effort, week-by-week to achieve. It is an amazing project that has come to fruition. It is also an ongoing project in which the future decades are far more important than the past.

Even though I write to my blog about my perspective in first person , I do not mean to take solo credit for our FIRE success. Let’s talk about who helped “my” FIRE.

My parents are the main reason I am FIREd. They are also the reason my wife is FIREd. And of course, the reason they are FIREd themselves. No, we’re not the Rockefellers, the Getty’s or Vanderbilt’s. Let me explain.

As a family we always worked hard, lived wisely and found happiness in what we had. How is that different than any other family? It may not be too different, but it could be on a different scale than other families. My parents taught me by example—how to live below our means. How to get what you need and what you want, but to be careful and thoughtful about your spending. We all know spending less than you earn leads to a surplus of money. We know a surplus is the key to financial flexibility and even more so, less financial stress—maybe better health, more happiness, who really knows.

My parents both worked, live a good life, met their needs/wants, they traveled, yet saved their surplus. Later in life I learned they tried to live off one income and save the second income. I don’t think that was fully possible—I don’t know—but there were always savings and those savings were always invested. As I got older I learned more about investing in bonds, stocks, and IRAs. I saw these actions as life examples. Lead by example.

I got very lucky and married the most amazing woman. My wife has been supportive of everything. She supports my different-than-the-norm financial process, plan, and vision. She’s been on board since day one, well over 20 years ago. This support is extremely critical for FI. We are both college educated. We are both professionals. We tried to follow the example my parents displayed by living below our income/means. In future posts, I’ll explain how we live well, yet we’ve always run a financial surplus and saved. We try to invest wisely—much more on this in the future as well . Even with all this thoughtful intent, we’ve made so many simple mistakes—such as not optimizing our investments—but still our savings grow over time. I could insert the Einstein attributed compounding quote here, but you all know it.

Once I a while my wife and I have both worked seconds jobs at night—just to do more, learn more, earn a little more. It was often small second jobs, working a few hours a week, maybe a few weeks/months per year, but we saved the money and it helped enormously. The new terminology is “side hustles”— which is perfect—hustling. Working harder, above and beyond.

How do your spending habits influence those around you? Can you make great decisions—that over time—show others the great opportunities that are possible? Can you hustle and demonstrate going above and beyond?

FIRE.003 Retirement: FIRE to me

What is retirement? The end of your life? Shutting down? Wrapping up? Vegging out? FIRE is not the end of your life. FIRE is the beginning of an entirely new chapter of your life. It should—could—be the start of an amazing adventure or simply, time for you. I currently believe my definition of “retirement” is leaving the structured schedule of a career in order to enjoy—or even pursue— other interests and opportunities.” Will this be that adventure, or just time for me? It will be both. For my past two years, it has been both, and should continue as both into the future as I determine what I want to do.

I can now plan what I want to do each week and overall each month of the year. Wait, you might wonder “each week or month” what about each day? That is the magic of FIRE. Daily decisions are YOUR daily decisions. Your day is not set in stone but rather a flexible plan of action. You get to do things for yourself, for family and for others. You can change your schetchle to push things out, or get motivated and take on something immediately you hadn’t planned. Flexibility is powerful and liberating.

I have worked on hobbies and interests while finding new passions to focus my energy on throughout the weeks. I’ve learned new skills, improved other skills, even figured out things I just never want to do again. I’ve learned about the web/WordPress and created some sites. I’ve tried new sports like stand up paddleboarding. I read more books-many on personal finance and made progress on catching up on past magazine subscriptions.

These first two years of FIRE have shown me that I have so much to learn, so much to do, so much to enjoy. I am so thankful I don’t have any formal work schedule interfering with my time—right now(?).

Most mornings I make sure I have a list of things I want to work on during that day, items of focus. Sometimes I want to complete specific tasks, yet some items only require progress towards a bigger goal or longer project. However, by setting a target/focus for the day, I often feel a sense of fulfillment each day when I go to sleep at night. Which by the way, is some of the best 10-15 minutes of every day. It’s a feeling of happiness about the past day and the looking forward to my tomorrow.

How often do really you look forward to tomorrow’s activities?