The Milestones of FI

Reaching FI or fat FI doesn’t mean it’s time to sit on your ass and do nothing. Hopefully over the several years it took you to reach this milestone you’ve thought about and maybe even started implementing ways you want to live your life. This might mean blogging, writing a book, volunteering, spending more time with family, working part time for a company with a desirable manifesto and moral backbone, or focusing on your painting or fitness goals. Or maybe I’m being too cynical and you love what you do now, keep doing it but without the added stressing of needing a paycheck. Whatever it is be mindful of the lifestyle you choose to lead after FI. It should be a life of value and meaning. It doesn’t have to be a busy or overloaded one that mirrors the 60 hour work week you wanted to leave behind, but it should compensate the hard work you put in to achieving FI. Do something worth while with your new found time. I would guess that most people, myself included, strive for FI because they recognize just how valuable, precious and limited their time is and most of it is dedicated to work instead of family, to commuting instead of traveling, and to busy tasks and lengthy meetings instead of hobbies and passions. FI is a way to get that time back and put it towards what truly matters to you.

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What is F.I.R.E. (Financial Independence Retire Early)?

Early retirement sounds great on paper but it’s actually really really really boring. Sure, the first couple months to a year might be nice, especially if you’re leaving a stressful, fast paced job ::flash forward to sipping Mai Tais on a beach:: But people need to feel like they’re contributing to society. And one too many Mai Tais leads to a bad hangover. We need goals to work towards, tasks to stay busy, socialization and community. We get a lot of this from our jobs. Many young adults who become financially independent go on to do things they are passionate about at their own speed without the added pressure of needing a job for income; they take lower paying jobs in a non-profit sector they truly care about, start their own business, switch careers, become stay-at-home parents, volunteer, or fully engulf themselves in their hobbies. It’s a chance to slow down and take a more mindful approach to life. It’s freedom.

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