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Re: Douglas journal

Posted: Sat Mar 31, 2018 8:23 pm
by 2Birds1Stone
Hi Douglas,

You have seen the light and the progress since last year is pretty amazing. As someone who is a couple of years ahead of you in terms of discovering/applying these principles I want to encourage you and let you know that it works!

Does your wife work? You income is very healthy, if its growth outpaces inflation and you continue to derive more utility from your money you will reach FI much sooner than you think.

Re: Douglas journal

Posted: Sun Apr 15, 2018 5:10 pm
by Douglas
Thanks for the reply 2Birds. I saw the light maybe 4 years ago but I had a pretty big hole to climb out. For the longest time it was get out of debt, get out of debt! But now it is WTF do I do with all this money? Luckily I have been studying for a while but there is so much to learn. I am conservative with most of my predictions so the FI dates have a decent chance of getting pulled in especially if we sell our house later and move to a location with a relatively low cost of living.

My wife has not worked for about 2 years now, probably won't full time for another 5 or so due to the little ones. She does all sorts of things though to keep our home in order that allow me to focus on work / managing assets like side hustles, community networking, finding free stuff, social coordinating, documentation, parenting, ect. Although in my dream world she would be able to do that and have a job but it just wouldn't be possible without outsourcing most of the work. In an ideal scenario just as I am burning out from my career she is ready to go back to work so that we have health insurance and income.

Re: Douglas journal

Posted: Sat May 12, 2018 9:02 pm
by Douglas
this will be an interesting graph over time. The ultimate goal is to have the two lines intersect (time averaged) and then I will definitely have leveled up. I rarely go to bars / tap-houses anymore and I won't switch it up to moonshine to save costs. I now see the lines intersecting as a prerequisite for early financial independence which of course means more than having a bunch of money in the bank. Basically consuming alcohol will need to become more or less a social activity rather than a daily unwind. Let's see how this goes.

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Re: Douglas journal

Posted: Thu Jun 07, 2018 10:48 am
by Gilberto de Piento
At first I was shocked by the amount you are spending on beer. I assumed you were drinking a crazy amount (Is this guy an alcoholic?). Then I did some math, assuming you are drinking at home:

$80 for beer / $9 per six pack (the price where I'm at) = about 9 six packs.
9 six packs x 6 beers per pack = 54 beers.
54 beers / 31 days in a month = less than two beers per day.

Is that about right? If you want to save money in this area maybe cut back to one beer a night or replace a couple of the nice six packs with something more generic.

Re: Douglas journal

Posted: Thu Jun 07, 2018 3:19 pm
by 2Birds1Stone
I'm in the same boat with drinking. I have 3-4 beers a night, which if you add it up is insane. Even if it's 4-5 nights a week it adds up to ~60-80 beers a month. I probably spend ~$100/month on beer.

Re: Douglas journal

Posted: Thu Jun 07, 2018 3:39 pm
by Kriegsspiel
I drink a good deal too, because it feels fantastic. Drinking + lots of exercise = yes.