{"id":1213,"date":"2023-11-29T20:16:44","date_gmt":"2023-11-30T03:16:44","guid":{"rendered":"https:\/\/modernfimily.com\/?p=1213"},"modified":"2023-11-30T07:22:46","modified_gmt":"2023-11-30T14:22:46","slug":"a-look-into-my-2013-notes","status":"publish","type":"post","link":"https:\/\/modernfimily.com\/a-look-into-my-2013-notes\/","title":{"rendered":"A Look Into My 2013 FIRE Notes"},"content":{"rendered":"
I actually chuckled after finding a Google Document back from 2013 titled “Lifeeeee”.\u00a0 I had to share this and what my thoughts looked like 10 years ago.<\/p>\n
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Guys, the only thing on this list that actually went according to “plan” was to have a baby. Literally nothing else here happened according to plan. \u00a0Ah to be young again (oh 2013 Court, you’re so cute to be thinking like this). Although I am so damn proud of my organized self for writing this all out in my late 20s.. I know, I’m super weird now and was back then too.<\/p>\n
Of course, I’m glad my 20 something self was thinking ahead like this but this just showcases how much of a Type-A over-planner I’ve always been. Over the years I’ve learned to loosen up (I think?) and realized that there’s no sense in planning for anything more than a year or two out.\u00a0 So what actually happened instead?<\/p>\n
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We were estimating $900,000 in savings would be our freedom. \u00a0Look at the damn timeline.\u00a0 I just cannot.\u00a0 We reached $900,000 in passive income, wayyyyy earlier than what my 2013 self estimated.\u00a0 Back in 2013 I guessed it would happen in 2039.\u00a0 26 years later.\u00a0 26!!!! I would have been in my 50s at that point but here we are in our 30s not working.<\/p>\n
The power of FI is over time you realize how to live an intentional life that you value and inherently you increase your savings rate and drastically propel your timeline. You figure out how to be more dialled in and optimized. \u00a0You find ways to reduce costs. \u00a0You find ways to make extra income. \u00a0It’s all part of the process but hard to think about when you’re just starting off.<\/p>\n
Note that this was created in 2013 and I had first heard of Mr Money Mustache and FIRE a year prior. \u00a0At that point I had just paid off my $60,000 USD student loans and had saved up for a downpayment on our first townhouse and was very new to this investing\/FIRE concept. \u00a0I was guessing we would save around $25,000\/year.\u00a0 We ended up saving WAY more than that.<\/p>\n
This is why I try to tell people in the FI doldrums phase to just chill. You very likely will reach your number a lot sooner than you think. Compound interest is amazing. \u00a0A portfolio earning 7% returns looks very different when the size of that portfolio is $10,000 vs $1,000,000. \u00a0Simply being motived to reach your FI number will somehow get you there faster. \u00a0You’ll find some sort of side hustle. \u00a0You’ll realize you over estimated some sort of spending category as you found a way to reduce\/eliminate that cost. \u00a0Yada yada.<\/p>\n
Hope you enjoyed getting a look into my brain from 10 years back. Also hope it provided some relief knowing that plans do in fact change, likely for the better.<\/p>\n
Did you ever come up with a game plan in your earlier years that were smashed out of the park?\u00a0 Do you ever think reaching FI is SO far away?\u00a0 If so, you may be thinking like 2013 Court and be a lot closer than you think.\u00a0 Hopefully you got a chuckle from my thoughts from 7 years ago like I did looking back on this now.<\/p>\n
If you liked this article and want more content like this, please support this blog by sharing it.\u00a0 Not only does it help spread the FIRE, but it lets me know what content you find beneficial.\u00a0 Writing is NOT my strong suit and it honestly takes me hours to write each post so the more encouragement the better!\u00a0 Engaging in the comments below keeps me motivated.\u00a0 You can also support this blog by subscribing to receive emails anytime a new post is published.\u00a0 Thank you FImily!<\/p>\n
We believe in stacking up life hacks to keep your enjoyment levels to the max without depleting your bank account.\u00a0 Here are some ways to further educate yourself and save thousands of dollars over your lifetime by making some simple adjustments:<\/p>\n
I actually chuckled after finding a Google Document back from 2013 titled “Lifeeeee”.\u00a0 I had to share this and what my thoughts looked like 10 …<\/p>\n