2Birds1Stones' 28 month hustle to freedom!

Where are you and where are you going?
2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by 2Birds1Stone » Wed Nov 22, 2017 10:49 am

Today I downloaded Duolingo to begin learning spanish.

Many of the places I want to visit or live in are native spanish speaking countries.

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by 2Birds1Stone » Mon Nov 27, 2017 7:34 am

I've been reading Michael McClungs "Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stocks and Bonds" and find it excellently written, covering topics that are often discussed here.

I highly recommend it, and the first3 chapters (100 pages) are available for free.

https://www.amazon.com/Living-Off-Your- ... 0997403411

LiberateMind
Posts: 118
Joined: Fri Oct 26, 2012 8:18 pm

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by LiberateMind » Mon Nov 27, 2017 10:32 am

Thanks for the recommendation. Where can one find the first 100 pages? Amazon is not showing.

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by 2Birds1Stone » Mon Nov 27, 2017 11:41 am

LiberateMind wrote:
Mon Nov 27, 2017 10:32 am
Thanks for the recommendation. Where can one find the first 100 pages? Amazon is not showing.
http://livingoffyourmoney.com/download/1160/

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by 2Birds1Stone » Sat Dec 02, 2017 8:38 am

November Update

Assets
$111,900 Cash Moolah
$87,600 401k
$49,000 Taxable
$47,700 Roth IRA
$15,500 Ag Holdings
$13,100 Vehicle
$13,400 HSA
$10,800 Au Holdings
$349,000 Total Net Worth (+$8,500)

Expenses
$550 Rent/Utility
$95 Grocery
$150 Gas
$320 Entertainment
$50 Cell
$51 Misc
$155 Gifts
$1,371 Total Spend

Income
$1,750 Salary
$4,150 401k
$480 HSA
$1,000 Other (primarily gifts)
$7380 Total Income

81% Savings Rate(kiss that goodbye in december)

Musings

Good month in terms of spending, ok month in terms of income and gains.

Things are moving in the right direction.

MDFIRE2024
Posts: 406
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by MDFIRE2024 » Sat Dec 02, 2017 1:25 pm

Hi 2Birds1Stone. That is great progress. Your Savings Rate is quite high!
Thank you for the recommendation for "Living off your money". I read it and find "Prime Harvesting" quite useful appliable. What are your thoughts about the book? Do you want to apply some principles from it, or do you even apply them today?

LiberateMind
Posts: 118
Joined: Fri Oct 26, 2012 8:18 pm

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by LiberateMind » Sat Dec 02, 2017 10:11 pm

2Birds1Stone wrote:
Mon Nov 27, 2017 7:34 am
Thanks.

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stone's 29 month hustle to freedom!

Post by 2Birds1Stone » Tue Dec 05, 2017 2:29 pm

MDFIRE2024 wrote:
Sat Dec 02, 2017 1:25 pm
I have not yet begun to implement much of it as it deals with spending down wealth, but it provides a lot of food for thought on how one would want to allocate investments during accumulation to support many of his ideas. Whether through asset allocation, fund placement, CD ladders etc.

I love learning about these topics, I feel like it helps me to grasp concepts and their implementation way before I will actually need to.

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stones' 28 month hustle to freedom!

Post by 2Birds1Stone » Thu Dec 28, 2017 7:04 pm

December and 2017 End Of Year Financial Recap

December Financial Report

Assets
$116,800 Cash
$93,000 401k
$49,900 Taxable
$48,300 Roth IRA
$15,880 AG Holdings
$12,800 Vehicle Equity
$14,000 HSA
$10,933 Au Holdings
$361,613 Total Assets (+$12,500)

Spending
$550 Rent
$101 Grocery
$68 Gas
$333 Entertainment
$300 Depreciation-Car
$50 Cell
$20 Health
$432 Gifts
$1,894 Total Spending

Income
$1,750 Salary
$4,150 401k
$480 HSA
$3,250 Commission
$400 Other
$10,030 Total Income

81% savings Rate

End of 2017 Wrap Up

Spending
$6,600 Rent/Utility
$1,060 Grocery
$1,424 Gas
$3,590 Entertainment
$2,900 Depreciation
$471 Vehicle Fund
$1,473 Travel
$600 Cell
$1,284 Insurance
$689 Health/Hygiene
$2,753 Misc
$1,516 Gifting
$24,360 Total 2017 Spending

Income
$25,950 Salary
$21,912 401k
$6,800 HSA
$670 Overtime
$35,156 Commission
$9,512 Other
$100,000 Total Income

~76% Savings Rate

$105,000 Net Worth Gain

classical_Liberal
Posts: 239
Joined: Sun Mar 20, 2016 6:05 am

Re: 2Birds1Stones' 28 month hustle to freedom!

Post by classical_Liberal » Fri Dec 29, 2017 3:33 am

A kick ass and take names year!

2Birds1Stone
Posts: 82
Joined: Thu Nov 19, 2015 11:20 am

Re: 2Birds1Stones' 28 month hustle to freedom!

Post by 2Birds1Stone » Wed Jan 10, 2018 10:14 am

classical_Liberal wrote:
Fri Dec 29, 2017 3:33 am
A kick ass and take names year!
Ha, thanks C_L my motivation to retire is outweighing my motivation to work right now........we will see what 2018 brings.


I've spent the better part of the past two weeks doing a long thought experiment on what I would like my next chapter to look like.

Ideally I keep my current job till April 1 of 2020 and take a nice long 6-9 month sabbatical to travel with my fiance, followed by a return to work either full time, part time, or seasonally (depending heavily on market returns and portfolio when the time comes).

There are a few bucket list type adventures that we have the luxury of choosing from for that 2020 adventure.

1) Thru hike the Appalachian Trail. Flip Flop style, starting in Harpers Ferry WV in late April or early May, and hiking north with the spring summiting Mt. Katahdin in August, possibly taking a few weeks to spend time with family, and then returning to Harpers Ferry in September and following the fall foliage down to Springer Mountain Georgia. This would leave us around November, coming back home and living with family during the holidays while looking for work.

2) Splitting the time between a slow travel European adventure, starting in Southern spain or Portugal in April, working our way slowly to Poland by mid May, living in Poland and exploring with family till mid July. Followed by a trip my dad would really like to do.....6-8 weeks of motorcycling from NY up through Canada to Alaska, down the Pacific coast, and back to NY via NV/AZ/UT/CO/WY/MO/SD/PA/etc. We would likely finish early October and also spend time with family during the holidays while trying to re-enter the workforce.

3) Purchase either a mini van or small pickup + trailer and spend 6-9 months slow traveling the USA and Canada, hiking and mountain biking as we go along, visiting friends and family across the country and staying in each place from a few days to a few weeks.

In all scenarios we would ask employers for a sabbatical way in advance, or just quit and try our luck when we get back. We would also get rid of our current apartment, as we cannot justify paying $1100/month for 6-9 months while traveling.

Right now, option 2 sounds the most appealing, as it would allow the trip with pops, who isn't getting any younger. Already have the motorcycle, and an empty apartment in Southern Poland where 75% of my family lives. We would travel hack the cross continental flights so the cost of those would be negligible.

Option 1 would be the cheapest in my opinion, since a thru hike of the AT can be done for $10k total for two people, relatively comfortably.

Option 3 would likely cost the most, but would have the most freedom to come back home if the need arose (unlikely)

Regardless of which option we go with, I think it's going to be a bit hard to adjust back to being two full time career professionals, once that taste of freedom is had..........c'est la vie

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