Financial Update:
457 B - 155,758
Roth IRA - 64,646
Savings - 35,454
Pension - 38,279
DW Roth - 57,252
DW Savings - 2,709
Brokerage (shared) - 22,026
NW - 376,124 (Increase of $20,937)
Q1 Increase - $39,112
We keep plugging away. Another solid month financially in terms of NW increase. I used to feel a little discouraged in my first few years of the FI journey when I would see regular NW increases of five figures in other journals. I underestimated how much the power of compound interest can affect those increases. It's good to keep the snowball rolling downhill.
We received a nice $5,000 boost from a delayed unemployment payout and the federal stimulus. Unfortunately, it looks like I'm not going to be able to claim the $3,100 unemployment on my 2021 taxes, and receive the new exemption for that money, even though the claim was based on furloughs in the 2020 calendar year. Reporting oversights by my work, and a lack of response from the state unemployment department left me in limbo for about 8 months. I'm just happy the payment went through though.
Our spending this month was through the roof. It's a good reminder that my $2,000 per month average spend is based off a regular/lean budget that doesn't typically include larger expenditures. DW had talked about doing a "no buy" year, but she has a couple exceptions to her rule. She allows herself to buy health and beauty products for her routine if she is completely out of products. She also allows for birthday gifts, which is coming up. She ended up spending a couple hundred on random stuff (travel yoga mat, clothes, water bottle, etc...). The funny thing is that I had actually been successful with a no buy year through the first 10 weeks without even trying. I paid for a month of Sling TV so I could watch the college basketball tournament, and paid $20 to enter my friends bracket group. Then I bought a used touring bike, some chain cleaner and lubricant, and used my 20% off REI coupons to pick up a new helmet and a dry sack for future tours. I don't feel bad about any of those purchases, but it kind of came like an avalanche.
We took our car into the dealer to get serviced today as the check engine was on and the estimate was $1,795. That's probably almost half of the value of the car (but I still think it has another 75-100 thousand miles in it). I was busy leading meetings while DW was dealing with that, and told her to call her dad to get his opinion. We just decided to pay it. I think it was a bit of an ERE fail because if I was there I probably could have figured out what was critical, and what minor stuff I could have done myself. Even my purchase of the touring bike and trailer -
viewtopic.php?p=239860#p239860 - felt a little like an ERE fail because I was buying this beautiful bicycle, that someone had spent a lot of time adding personal touches, rather than crafting my own. With that said, I know I tend to procrastinate on purchasing "stuff" and that by picking up the whole package for $300 I was much more likely to take off this summer on some overnight adventures. No regrets on the purchase, but a reminder that I'm still in a mental state of using money to fix problems. And sometimes that makes sense.
The nice thing about the car bill is that I wasn't really even fazed from a financial perspective, it just triggered me a bit from a philosophical perspective. After I got the news from DW and finished my meetings, I went out on a nice 12 mile bike ride, rocking some Tom Petty in the headphones, enjoyed the sunshine, and didn't worry about it. I'm privileged to not have to worry about that kind of unexpected bill.
*ETA - The dealership gave DW a "special" discount of $80 off the work because they said she was so nice. She is really nice, so I'll call that a win
Work:
It's been a busy and stressful month at work. I had a "crucial conversation" a couple days ago with my immediate supervisor about our manager bailing on scheduled meetings, showing up late, or leaving early. He's being pulled in a lot of different directions and is doing a lot of really important work right now, but it's hard for me to operate when I can't trust a critical team member to show up to meetings with dozens of stakeholders. DW overheard most of the conversation and thought I handled it really well, but I was stewing and didn't sleep well that night. I had another opportunity to talk and apologize about my approach yesterday, and had the opportunity to schedule a 90 minute strategic planning session today. I've been operating in the "anxiety" quadrant of the flow chart for awhile because I'm a senior employee, but haven't dealt with project management of this magnitude before (high stakes and lots of competing interests). After talking with a colleague in another division, I realize we are seriously understaffing the project and I was able to come up with some creative solutions (I think) to add capacity and resources to the project.
It's all a learning curve, and I realize I'm actually developing a lot of high-level skills that could come in handy in the future. This post from Lemur caused me to reevaluate my perspective on everything:
Lemur wrote: ↑Wed Mar 17, 2021 4:59 pm
I was promoted to product lead...something I would have shied away from in the past. I didn't even ask for the promotion, it just found me lol. I have status reports to develop and a weekly or bi-weekly 20-30 person meeting to set up. Project tracking tools to update...I also was given additional resources under me. Best of all - no one to report too directly. I am to act independently in a leadership role. The client does not want to hear from me unless their is problems and I need their leverage. This is my first role that isn't just a worker bee. I'm now the owner.
Idk I just had no fear about doing this. I think just having some pressure pushes me like inertia. I can't fail...I've internalized so much that if I was ever let go I'd just leverage the experience gained into something better. Maybe this is what I needed all along...a new challenge and consequences for failure. Am I being underpaid for this sort of role? Don't care. I succeed, great resume booster. Maybe I negotiate more money later after a proven track record in leadership. I fail, leverage experience anyway and dare I say "personal growth." lol I hate the careerist terms but I do admit my consultant role has developed me a bit socially. I used to have social anxiety issues a few years ago - not so much anymore. That could also just come with age too but probably not.
I'm in a good mood today.
I basically have complete autonomy over my schedule, and I'm working on really cool shit that is going to have positive impacts on the environment. My manager gave me complete control over the project because I know my stuff, I'm organized, and I can handle a lot of different personalities. I've had mixed feelings about all the extra work because I'm not that far away from FI, but I think I just need to be a little less selfish and finish strong. Thanks @Lemur for the reframe.
Personal Accomplishments:
I finished a 37.5 mile bike ride last Friday, which is the furthest I've cycled in my life. Feels good, and hopefully just the beginning. I probably wouldn't have done that if I wasn't active on these forums. After the ride, I felt so good I spent an hour on our patio drinking a couple microbrews while working on our other two bikes. I also grabbed some new herbs from the store and repotted those. The chives don't look that happy yet, but the lemon thyme, basil, Italian oregano, and spearmint are doing great. The light in my apartment sucks, but I think I can keep multiple herbs going. It makes such a difference in terms of taste for our cooking projects.
DW should be on her way home right now with a disc of photos of my parents in the late 70's early 80's documenting their cabin build and associated family adventures. This is critical to a future documentary. Poco a poco.
Dirtbags, ERE, and WL:
I listened to a new podcast with Alex Honnold yesterday that got me thinking about the WL discussion a bit more. It was really nice to hear something that wasn't completely focused on Free Solo.
https://www.youtube.com/watch?v=nQEXNUy-IIA
Around the 45 minute mark he starts talking about his foundation, climate change, and personal responsibility to do something about it. He's a vegetarian leaning vegan. They spend about 30-45 minutes talking about those issues, and he supported my belief (unorthodox around here) that larger policy change is more appropriate to address those issues. I think folks underestimate how significantly we can move the needle through policy, rather than bottom-up change.
Honnold seems like a HOWLI in my opinion, but one who basically skipped the whole WL progression and jumped to level 7 or 8. His foundation also hits on the notion of legacy, of doing something bigger than your individual goals for humanity, which I think is really important and a trend among higher WL folks. If you watch Free Solo closely, it's interesting because his story demonstrates how establishing relationships requires compromise, and maybe a "regression" on the WL table. I love the scene where they are shopping for a new fridge, for their new suburban home, and he lands on the smallest possible fridge that is totally out of scale with the cut out in the kitchen, but he's thrilled with because of its energy rating and the fact that he's been living in a van for the last decade.
I'm still planning on doing a more detailed review of Yvon Chouinard's memoir and the relationship between dirtbags and ERE, but I've been both lazy and occupied.
Reading:
I've given up on doing detailed reviews of books here, but I still keep them in my personal notes. Stuff I've been reading over the past few months include:
Talking to Strangers - Malcolm Gladwell
Eat A Peach - David Chang
Educated - Tara Westover
The Boys in the Boat - Daniel James Brown
I'm currently in the middle of The Color of Law by Richard Rothstein and Lazy B (Growing up on a cattle ranch in the American southwest) by Sandra Day O'Connor.