I was feeling the dreaded FOMO a couple of months ago when I saw many of my FI friends were going to the 2022 EconoMe conference in Cincinnati in March.  The conference was officially on Saturday and Sunday.

I thought I should find a roommate and go.  Go, so I could check in with past friends.  Go, so I could meet some content creators I wanted to thank.  Go, so I could meet some new amazing people.  And, also, but last on my list, go, so I could learn some new things.

This was the third year of the conference and you could tell it was finely tuned for a great attendee experience. 

1) the session structure was very, very good.  There were 20-minute keynote talks on the main stage each morning for 60-80 minutes.  After a 2-hour lunch break, there were 2-hour deep dives into very specific topics.  Then an hour break followed by a 1-hour time slot for topic breakouts.  This was the schedule for both Saturday and Sunday.

2) the speakers were all quite good to excellent.  They had passion, knowledge, and plenty of experience.  They created information flow and discussions.  The attendees had plenty of knowledge to add. 

One very important takeaway I often have at any FI event where people are paying to attend; the attendees are knowledgeable and I can learn from every single one.  I don’t have to agree with all they say/do, but I always respect their opinions/positions and learn. 

Besides the sessions, there were plenty of additional events to attend and hang out and have discussions with anyone/everyone.  It’s amazing to walk up to ANY PERSON and just say “where are you on your FI journey” and immediately be in a great conversation with a thoughtful and intelligent person.

We had pre-event activities Friday morning, early and late afternoon, then evening.  There were activities Saturday and Sunday evenings.  There were late evening “sessions” in the hotel(s) breakfast/lounge areas.  Many people were visiting until well after midnight.

I will admit that I wasn’t really as interested in the keynote talks because I wanted to visit and meet people, but I was so very impressed at many of the talks.  The perspectives, experiences, and successes (and challenges) were so insightful. 

If so many of the attendees weren’t so financially secure to leave their careers they would surely be leading many organizations.  But instead, we’re all working to help each other lead our most amazing lives.

Here’s a strange thought.  Since this was so interesting, with so many great people, I asked my wife if she wanted to attend next year.  There are enough people you’re not confined in a room for hours like a happy hour with a local group, or in the woods all weekend like the amazing CampFI events.  At EconoMe you can hang out visit, just listen, or do whatever and nobody will notice.  I’d bet a large percentage of the attendees are introverts and feel comfortable because they’re around their people.  Have you found your people?  That group of like-minded people you can just walk up to and start talking?  A group that will open up and let you join right in?  EVERYONE let everyone jump right into their circle, every time.  That’s special.

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

I forgot. One thing that was very interesting to me is that I never heard anyone talking about basketball scores. Almost everywhere else I go in March it’s all basketball talk. At Econome, all the talk was about living great lives!!!

If I could let ChatGPT do the work…

Financial Independence Retire Early:

Financial independence, retire early (FIRE) is a movement that advocates for saving and investing a high percentage of one’s income in order to achieve financial independence and the ability to retire at a young age. The idea is that by living below one’s means and investing the difference, it is possible to accumulate enough wealth to be able to live off of the passive income generated by one’s investments and not have to work for financial reasons.

To achieve financial independence through the FIRE movement, it is generally recommended to save and invest a high percentage of one’s income, often 50% or more. This can involve things like reducing expenses, increasing income, and investing in assets such as stocks, real estate, and businesses.

While the FIRE movement has gained popularity in recent years, it is important to note that achieving financial independence and retiring early is not a realistic goal for everyone. It requires a significant amount of discipline and sacrifice, and it may not be possible for those who have large debts or who are not in a position to save a high percentage of their income. It is also important to carefully consider the long-term financial implications of retiring early and to have a plan in place for managing expenses in retirement.

write me a blog post article for lifeinfire about Financial Independence Retire Early:

Financial Independence Retire Early (FIRE) is a movement that has been gaining popularity in recent years. At its core, FIRE is about living below your means, saving and investing a high percentage of your income, and achieving financial independence and the ability to retire early.

Many people dream of retiring early and having the freedom to do what they want, when they want. But for many, the idea of retirement seems like a distant dream, something that is only attainable for the wealthy. The FIRE movement is changing that perception by showing that, with discipline and focus, anyone can achieve financial independence and retire early.

The first step to achieving FIRE is to take control of your finances. This means living below your means and cutting back on unnecessary expenses. It also means increasing your income through side hustles or taking on a higher-paying job. The more you can save and invest, the faster you will be able to reach financial independence.

Once you have a handle on your expenses, it’s time to start investing. The FIRE movement emphasizes the importance of investing in low-cost index funds, which have been shown to provide higher returns than actively managed funds. It’s also important to diversify your investments across different asset classes, such as stocks, bonds, and real estate.

While FIRE may seem like a lofty goal, it’s important to remember that it’s not about becoming a millionaire overnight. It’s about building wealth slowly and steadily over time. It’s also about being mindful of your spending and making conscious choices about how you allocate your money.

For many people, the idea of retiring early is a dream. But with discipline, focus, and a commitment to living below your means, it’s a dream that can become a reality. The FIRE movement is proving that anyone can achieve financial independence and retire early, if they’re willing to put in the work.

What do you tell someone that you do when you are retired early:

If you are retired early, you might tell someone that you are no longer working for financial reasons and that you are able to live off of the passive income generated by your investments and savings. You might also mention some of the activities that you enjoy doing in your free time, such as traveling, pursuing hobbies and leisure activities, volunteering, or spending time with friends and family. If you are retired early, you might also mention any plans that you have for the future, such as continuing to invest in order to grow your wealth or using your free time to learn new skills or pursue personal interests. It is important to be mindful that while retirement can be a fulfilling and enjoyable phase of life, it can also bring new challenges and require a different approach to managing time and finances.

how to spend a “fun bucket” in retirement:

A “fun bucket” in retirement can be a way to set aside money for activities and experiences that bring joy and fulfillment. Here are a few ideas for how you might spend your fun bucket in retirement:

1. Travel: Retirement can be a great time to travel and explore new places. Consider using some of your fun bucket money to plan a trip or vacation to a destination that you have always wanted to visit.
2. Hobbies and leisure activities: If you have always wanted to learn a new hobby or activity, now is a great time to do so. Consider using some of your fun bucket money to take classes or lessons, or to purchase equipment or supplies for your hobby.
3. Entertainment: Whether it’s going to the theater, attending concerts or sporting events, or just enjoying a night out with friends, there are many ways to have fun and be entertained. Consider using some of your fun bucket money to treat yourself to these types of experiences.
4. Giving back: Many people find that giving back to their community or to causes that are important to them is a rewarding way to spend their time in retirement. Consider using some of your fun bucket money to make a donation or to volunteer your time and talents to a cause that you care about.

how great is the upcoming year if you’re retired early:

It is not possible for me to predict how great the upcoming year will be for someone who is retired early. It will depend on a variety of factors such as the individual’s personal circumstances, their health and well-being, their financial situation, and the events and circumstances that take place in the world around them. Some people may find retirement to be a very fulfilling and enjoyable phase of life, while others may face challenges or find it difficult to adjust to a different lifestyle. It is important for anyone who is considering retiring early to carefully plan for and consider the financial, social, and personal implications of this decision.

I’m back typing…I don’t really know what to say. This is honestly not much different than what basement article-mill people come up with all the time. There is no way (at this moment, for my topic) that a computer can quite generate the experiences that I (we) have encountered to, into, and through this FIRE journey. That is almost the exact same sentence I would use for many of the article churners.

I’ll just say, FIRE is amazing if it fits you.

*** Nothing in this article is to be construed as financial advice.  Almost nothing in this post came from a human. Neither ChatGPT or I am not a financial planner, nor do I (we) pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had for ChatGPT to generate..

I don’t seem to do all that much in retirement.  I often feel like I am not accomplishing a lot.  I do get all kinds of things done, and even more things started.  I also LOVE my life and the activities I am doing every single day.  But, I wonder, is there more, can I do more, should I do more, do I care to keep score for more?

JD Roth once made a passing comment “if it takes two hours to do, it takes 2 weeks in retirement to complete.”  That sure strikes a chord with my structure. 

I track items on my “Remember List.” I put tasks on my calendar (often with a ? at the end).  I have a lot of notes and plenty of Apple reminders to add to my remember list.  But, what do I do?  Or more clearly, when?

The other day, I asked a friend if we could talk (about taxes, year-end planning, life, spending, etc).  I used almost two hours of his precious time, but I came away with dozens of thoughts and insights that I’ve been thinking about for days.  That was a great call for me.  He ended the call by saying “every time I talk with you, I end up with action items/tasks.”  Oops.  That’s not my intent, but I do have ideas—ideas all the time.

When will you…?

If not now, when…?   If not (starting right) now, when will you…?

If you are waiting, why?  Why exactly do you think a possible future time is the correct time?  How will you (feel, think, or be worth) at that time? 

I ask this for myself and for others who have been smart spenders, smart savers, smart planners, risk-averse, deferred gratification-ers, and future thinkers.

I always want the bad news first.  I want to know and deal with the problem.  I always save the good news for later.  Sometimes I never even get to the good news.  Often I get consumed by the bad until I sort it out in my brain.

I think for decades my spending has been mostly the same over time.  I deferred that spending to the future.  I made sure I really wanted to spend on that.  Sometimes, it turns out that I didn’t end up needing or wanting the item and I’ve saved myself some money.

Now?!

But what about the case of dying sooner and having instituted more old age deference?  Shouldn’t I realize each and every day, that I’m not getting younger or healthier?  How do I know my future days, weeks, and opportunities are ahead of me?  What if they’re not?  (or what if they are?)

I may be at or near my last peak of wealth and physically (mental? My ability to enjoy some extra experiences or items?  I know multiple older people who tell me “they missed their window” to do some things.  Health, life changes, family issues, regional politics, living situations, etc. can get in the way of “opportunities.”

I know I’ve shared many of these concepts and thoughts before in different ways.  It’s not that I’m forgetting I’m coming back to these, but more importantly, it’s that they are not resolved.  This FIRE thing is a process.  I will process many thoughts and tackle many phases throughout the remainder of my time. 

Passion:

I just realized that I may be lucky that I’m not struggling with “life purpose” confusion or “working desires.”  I’m just thinking about “living life” in a great way.   A base great life plus (or times) an amazing life far beyond the “base.”

For all the “I’d rather have experiences than ‘things’ people,” I understand.  I however have been lucky enough to have been all around the world a couple of times, and while there is still more to do/see, I also want more fun at home.  Much of that fun was sacrificed and delayed for decades.

I do have LOTS of little gadgets, toys, and hobby items to message around with.  It’s funny that ALL of those items add up to almost no money, just the tiniest fraction of our net worth.  (True, my wife’s items add up to noticeable amounts, but she deserves to enjoy all she deferred, and for putting up with me).

I’ve written about going crazy and spending $500 on a guitar because it seemed cool and it turned out to be amazing.  It sounds like a buzz saw and honestly makes me not sound -horrible.  That’s not a large price in the guitar world, but to me, it was a pretty big purchase.

I’ve written about my mistake of not buying a Peloton bike for my wife,( I do love how they got in trouble for the commercial of the husband buying his wife a bike for xmas…then in mid-2020 the twits were saying “how do you like that peloton now?!”) 

I wrote about fixing our items only to sell them and let others enjoy the improvements when those improvements should have been completed for our enjoyment during our ownership. 

What is your money (your life) for?

Shouldn’t you get a reward for the position you’ve placed yourself into?

Is now is not the deferred spending time, when should that deferred spending be used?  Why?

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

For as long as I can remember I’ve been trained to defer gratification.  I will think of something(s) I want and then I put these items on my don’t forget list while I fine-tune my requirements, monitor pricing options, and then purchase at what seems like a great time to buy.

Vehicles

We did this for our 2006 BMW X5.  We bought it in 2008 when gas was “outrageous at $4/gal and demand disappeared for SUVs and we got a great price.  We did this in reverse for our Toyota Venza in Jan 2021 when there was no demand for cars because everyone was working from home.  We ended up with a hybrid model because gas was so cheap and there was low demand for hybrids.  We ended up with a $1500 dealer discount, plus $1500 cash back from Toyota, and were able to pick our exact vehicle and ship it from Texas at a low transport rate (nobody was shipping anything-pre supply chain news story).

Those two vehicle purchases are great examples of buying off-peak and saving thousands of dollars on each purchase because we planned and lined up our purchasing strategy.  My wife was thrilled with her vehicles.

Toaster

On the other hand, I’ve decided I want something smaller, let’s say hypothetically, a $20 toaster and I research the models (smart) then I spend 90 minutes looking for the best price to save $4 (dumb).

I’ve written about being smart and using your money for things you enjoy.  I’ve also written about being dumb and purchasing/fixing something just before selling it—spending the money, but not getting the enjoyment of the item.

Spinning Bike

This week my wife and I were talking about upgrading her peloton app membership from $14 by buying a peloton bike and subscribing to the All Access membership for $45.  The back story is when covid stopped in-person spinning classes my wife switched to her old spin bike at home and used the peloton app (on a 32” TV).  Six months into the lockdown mess, in the fall of 2020 while still only in the midst of vaccine development, we bought a nice $700 commercial spin bike.  It was MUCH nicer than the old “Rusty” spin bike she had been riding 3-5 times per week.

Through the pandemic, her favorite spin studio closed permanently and she just kept app/TV spinning at home for 2 ½ years.  On a trip in October, she was able to use a peloton bike at a hotel using her app account and realized it was a very nice bike.  Late last week I said, “let’s just get a used one on Craigslist or FB Marketplace from someone who purchased one during covid and doesn’t ride it.”  So, 36 hours later and with a few messages to people, we had a barely used (44 rides) bike in the back of my truck heading home.  An hour later it was set up, plugged in, and connected to wifi with a test ride underway.

The next day we upgraded her membership from the $14 app to the $45 all access membership (amazing how easy they make that) and the dizzying amount of ride statistics began generating data.  I added a member account for myself and we are now both addicted to the statistics.  This may not be a good thing according to our legs.

WHY?!

I was thinking, why did I wait to give my wife the best spinning experience?  It wasn’t really about the money the peloton bike would cost or even the membership.  I think it was that I assumed she would go back to in-person classes ($96-140/mo +gas +driving time) and not need the home bike much. 

Health

There is nothing more important than our health.  Moving our bodies and getting our blood pumping are so important to the ability to live a strong, active life.  There is no question that we should be investing heavily in this activity.

Used Purchase Timing

Did I mention my theory that buying used items on Craigslist or FB Marketplace is often a great strategy before thanksgiving and toward xmas?  I think people are raising money for their holiday purchases so they are motivated to sell.

On the other hand, we did NOT want to buy the bike the last week of, or the beginning of the year when so many have resolutions for fitness.  I feel the demand would increase then, as well as the prices.

Identify the things that enable your Great Life and go fit it if you have created a plan for it to make sense.

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

There are times when things happen that cause total chaos in our lives.

Some unexpected action or issue that throws everything that was flowing along out of control.  It’s not the same as a freeway backup caused by an accident…unless you’re in the accident.  It’s not like a dam bursting and the rushing water flows down river wiping out structures and nature along the river banks because you kind of—in the back of your mind—know there’s a HUGE amount of water pent up behind that concrete structure.

What happens when something horrible happens to a spouse, thereby  leaving the remaining spouse and family with dozens of issues, problems, and disasters?  What happens when the remaining family (and friends) are distraught with grief and want to work on issue resolution but run into brick walls, bureaucracy, lack of information and quite possibly have health issues that impair their ability to take on the tasks?

I want to state first and foremost, I cannot understand, or explain all of—or most of—the possibilities that can unfold.  I just want to spark in you (hello anyone out there?) the idea that you may be able to pre-prepare (I thought I would double emphasize that) some structure to help in case you get hit with the bad card.

1. Make sure those you love and care for know you love and care for them.  (I’m making note of this now for myself)
2. Create an organized structure of “what.”  What things need to be taken care of?  What accounts do you have?  What the logins are?  What your wishes are?  What the process is.  What’s most important?  What are the procedural steps?  Some call it the “love letter” for their spouse.  “Hey honey, I love you, but don’t forget to pay the electric bill.”  Maybe that’s not the best example.
3. Do not leave your distraught follow-up person (spouse, child, executor, trustee, lawyer, friend, bad person) to have to do forensic accounting to put your financial and personal records organization into an organized manner.
4. Death vs Disability.  If you become incapacitated, that is different than being deceased and having a death certificate to assist in taking action.  Power of attorneys are important as are Medical Rights documents…and having those medical documents ready at a moment’s notice and when arriving at a hospital.
5. Monthly operations, bill paying, cash flow, stabilization.  Share the bills/accounts and the process that you use.  Hopefully, you have an automated process.  Also, make sure both you and your spouse are listed as approved/trusted parties on each account.

It’s so much better to have planned for those taking over your operational duties before there is a need for such a transfer of power.  Don’t leave a pile of paperwork, or worse, PDFs for someone to deal with.  Leave instructions and the ability for them to make changes.

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

Life around me keeps changing.  Life around all of us keeps changing.  I’m sure that our normal pattern of whack-a-mole issue resolution is very common.  It’s our nature to fix each problem that pops up and then move on, often to the next problem.

I’m suggesting that we take a moment—many moments—to stop and recognize, then think about the goodness of our life and our days.

I’m sure if you are reading this that you have your $h!t together.   You are a thinker, an organizer, and someone who gets things done.  At least that’s how I feel overall about myself.

It just seems like things are in constant flux and we spin from challenge to challenge, task to task.  This happens so naturally that we don’t even notice it’s happening.

STOP!  Just for a minute, please.

TAKE TIME TO DO SOME OF YOUR FAVORITE THINGS.  Do the special things that give you personal, soul-enriching joy.  Try like crazy to do some of these things each and every day.  To assist in the action of this suggestion, you need to have your 10 favorite things to do any day list handy, maybe on your phone notes/keep

It doesn’t matter if you’re dealing with your health, others’ health, family, parents, children, siblings, niblings, home, work, finances, weather, cars, etc.  You need to stop and bring the goodness of your life—whatever that may be—to your forefront and reset.  I know it sounds easy, but…

I write this as an introvert who feels very comfortable being by myself and doing my own thing.  It’s the outside activities that add stress.  Others may be extroverted and get their energy from others and it’s when they’re alone that they feel stressed.  We’re all different.  Of course, we are, but we all still have our favorite things that bring us joy. 

Paragraph two about introversion; I must say that after spending time with very good friends for almost a week that I felt better and happier being with friends.  It seems we can be both introverted and be energized (rather than exhausted) by others.

No matter how much crazy stuff is going on and how many moles you keep whacking down, I believe it’s important to have people around you, in your life, that make you better.  Having these people around you that you enjoy.  And just as important is having people around that you can help, that you will help. 

I guess we all just need to have our tribe and work together when possible.   Who knew?

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

I’ve often thought of activity and effort in relation to gear shifting in a car.  More specifically, to me downshifting at times. 

Some of us understand the concept of shifting from 4^th gear to 5^th gear and driving harder or downshifting from 5^th gear to 4^th gear for an upcoming corner.

Recently I was driving (?) a boat.  I should add a little more, we—a group of 8 of us FIRE folks (see slacker post)—were boating on a beautiful summer Thursday from 10:30a to 2:30pm and had 90% of the river/lake to ourselves.

Oh, back to the point, for part of the rental period I was able to captain our vessel.  During my time on the bridge (I’m sure it wasn’t as grand as it felt to me) I had to slow the boat down by pulling back on the throttle in differing amounts.  Each time I lowered the throttle the boat had a strange “settling” feeling of slowing and almost as if we were sinking a little bit.

When slowing the boat, there is a very distinct gravitational change.  Maybe the change is due to the level of boat riding on the water related to the boats’ speed.  Maybe the feeling is related to the friction/drag of the water.  But it was very different from slowing—downshifting or braking—a car.

Reflecting on the different gravitational (pull) feeling due to the change in speed, I realized that the change in forward progress that any of us feel may result in very different gravitational and physical body sensations we may have.

Retirement/FIRE—really LIFE—is exactly the same, in that, not everyone, and nothing quite feels the same from event to event or change to change.

Other analogies that come to mind are floating-the sense of freedom, the differences between upstream and downstream, pulling a crazy tube behind the boat, anchoring, fueling, sunning, shade, docking at new locations, spinning in circles for tubers or just for fun, other boats passing (sizes, propulsion systems, play/housing), and age of the boat.

To look at this from another angle, when I Throttle Up, the craft raises up a little and cruises along the surface with less drag, less wake rocking and bounce, and more wind in my hair—covering more distance per life moment.  Isn’t that a great way to take on life, with an increased throttle zipping and having fun?

I know I’m different.  I know my mind is strange.  I know I see analogies (and equations/word problems) in real life differently than normal people.  In most cases, I know that works for me.  For “me.”

I had so much fun with my slacker friends.  I also learned so much in less than a week with super-intelligent friends.

Do you see special things in life that make you better, your life better?

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.

I’m 52 and I realized that I’ve now reached 40 years of finance/saving/planning experience.  I’ve mentioned before that my dad started teaching me about our family finances: spending tracking, saving, bond investing, home mortgage, etc when I was 12 years old.

Saving

I had to open a savings account when I was 12 after I  received some money.  It was hard at the time watching  ALL of my friends spent the money they received.  Instead of buying new acquisitions, I  learned what a passbook savings account was—not the most exciting acquisition for a 12-year-old.  Now, decades later, I think I’m still less of a spender than many of my friends, or maybe just a different spender.

Shortly after my passbook savings account experience, I shifted into a brokerage account for my savings.

Over the following years of Jr high, high school, and college, I always saved a chunk of my income.  I also spent a chunk—usually on smallerish items—but I always saved.  Sometimes I used part of my savings to fly places, but often I would fund those trips with new income.  I think I was pretty good at saving.

Employment

Looking back, I can say that after moving to Phoenix in the mid-1990s, I did tend to save less money until 1999.  That was the fall when my job was outsourced to IBM and I realized that I wasn’t much more than an “employee badge number.”  The following year (2000) we made sure that we lived off only one of our incomes and saved the equivalent of the second income.  That living-off-one-income continued until 2005 when we decided to push harder with a 7-year Early Retirement plan—target 2012.  We hit our goals in 2011 when my wife left her career, and I followed after another nice three years of working.

In the great recession, or housing crash, or whatever it was called in 2008/09, I learned from Clark Howard about Total Market Index investing and (trying to) ignore short-term variability and invest for the long term. 

Stocks

My first equity investing started in 2009 with 5k or 10k chunks.  I did experiment with buying a handful of stocks in the 2001 dip but NONE of those investments recovered to previous levels.  Interestingly, I did sell my MSFT around 12 years later in 2013 because it was still flat.  Oops, 2001-2013-2022.

Spending

I’ve tracked my/our spending since high school-college, then again from 2001+.  Just like my father told me once, our spending stayed almost exactly the same over the months/years for over a decade.  As he said, “some things go up, and some go down over time.”  His observations were exactly the same for us. 

I guess that means we never really inflated our lifestyle too much as our incomes increased.  I’m sure much of the consistency is due to staying in the same started home (still) and driving our used cars for 10+ years.  Looking back, yes, we did miss out on moving to a nicer (larger) home— no big deal.  Yes, we did go without many of the new car features (I just, in the past month started driving a car with built-in Bluetooth…a 2000ish technology).  SAD!  But we’re in a much better place now…I can drive my 2012 car all day, any time, any day rather than leave it in my workplace parking spot!  Just the same, I get to enjoy my little house all day, every day.

Allocation

I’ve felt comfortable with our asset allocation (67/33ish  or 65/30/5 cash).  Yes, we have seen our balances drop A LOT in the past 6+ months, but I realize that is a “drop” from an all-time high and now down to around where we were in fall 2020…when at that time the balances were” so high.”  Turns out our allocation has been doing well for the past 12+ years.  (IF ONLY I’D STARTED IN EQUITIES IN THE EARLY 90s)   I am still VERY disgruntled when my alumni association asks for money when their academic program never taught us about Index Investing while we were getting our Bachelor’s or MBA.  So much useless alpha, beta, regression analysis academic textbook garbage.  Reading one Bogleheads blog would have resulted in maybe 200% more net worth…ONE Boglehead post.  Or even a Jack Bogle Tiny Book of Investing book.

As Brian Preston from The Money Guy podcast says “let your army of dollar bills march off to work each day so you don’t have to.”  There have been years (in retirement) where our account balances went up more than we earned while working.  Many times the growth was more than double our earned income.

I should end right there.  Multiple years of doing whatever we want without work and yet our account balances increase(d) more than any amount we ever earned while working.  That’s the power of investing early, often and lessons learned…on the good side of the ledger.

*** Nothing in this article is to be construed as financial advice.  I am not a financial planner, nor do I pretend to be.  You should always consult your own professional when seeking advice. This post is not a piece of literary mastery, just a random thought I had.