2Birds1Stones' Musings

Where are you and where are you going?
2Birds1Stone
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Re: 2Birds1Stones' 350 day hustle to freedom!

Post by 2Birds1Stone » Mon Jul 09, 2018 2:03 pm

I found it very hard to readjust back to being in the office today after 9 days away.

So much so, that I worked from 7:30 till about 1 PM, then ran to get groceries and finishing the day from the backyard. Something about sitting in the sun, sipping a home brewed iced coffee, and listening to tunes while digging myself out of the ol' inbox. Beats the cubicles and mindless banter between my peers and higher ups.

It's definitely getting noticeably harder to conform to office "norms" as the FU$ pile grows.

People who are FI need to be careful that their employer doesn't realize they don't need the job =P

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Frugalchicos
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by Frugalchicos » Tue Jul 10, 2018 8:22 am

“People who are FI need to be careful that their employer doesn't realize they don't need the job”

Very true...sometimes I need to remind myself I have to take my job more “seriously”...especially when I day dream about my boss’ face when I handle my resigantion in less than 2 years ;). Having options feels amazing

2Birds1Stone
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by 2Birds1Stone » Tue Jul 10, 2018 8:59 am

Yea, it's a struggle haha. Any time I feel anxiety or stress about work, I remind myself that I am completely FI if I move to Poland or SE Asia right now.

Today I am working from home. Started the day by getting up at 5 AM, meeting a friend by 6 for a 6.2 mile run w/ 700 feet of elevation gain, fairly slow with a 1:06 finish. Was definitely feeling the MTB ride I did on Sunday morning, which was an ass kicker after not riding for almost two weeks.

Answered email and did some research from the backyard for 2 hours while listening to the birds and drinking my coffee. I'll have a super productive next 4 hours, then I plan on taking a break from 2-4 PM to watch the World Cup match, which will be tricky because I'm on an internal conference call from 3-4 =P.

In the afternoon a walk, maybe a swim at the town pool, and then BBQing some burgers for dinner.

I'm trying to limit my time spent on work related tasks or office time to 30-50 hours a week, depending on what is going on in my life right now. I think that's a fairly good balance considering I get to work from home about 50% of the time when I'm not traveling. Out of all of the careers I could have chosen, I did alright in the grand scheme of things.

2Birds1Stone
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by 2Birds1Stone » Sat Jul 14, 2018 11:12 am

Well, this week turned out to be pretty amazing. I worked from the office 2 days, 3 days from home. Managed to get 2 MTB rides, 6.2 mile run, 2 hours of beach VB, 15 miles of walking, and 3 one hour weightlifting sessions in. All of these are extremely enjoyable activities to me, and a big reason why I can't imagine how someone who is ERE'd or retired complain about being bored.

On top of these, I would love to have more time to swim a few times a week, learn how to sail, volunteer a bit, and maybe take on a few other mentally stimulating and low cost hobbies to balance out the physical ones.

My SO had her annual review this past week, and she was told that she is in contention for a full time position this fall. It would bring her income up from $30k to $45-50k range, which would help us reach FI sooner, and also provide us with medical benefits while I'm on sabbatical in 2019 as well as if I chose to stop working before her, which is the plan.

We've talked more about how we will execute our plan over the next few years. While things change, we have a pretty good idea. There are a couple of things that have to pan out with work, but they are mostly within our control. It looks like she will be able to join me for ~20 days in Poland in 2019, which is motivating her to earn/save more money between now and then. I'll be off for 4 months at that time, and spend an extra 3-4 weeks there with family. When I come back to the US, I'll spend a lot of time on all of those things mentioned in my second sentence of this post, as well as exploring some new hobbies. Then we are both taking 9-12 months off in June of 2020.......after that? TBD

Have a great weekend =)

ETA: Intermittent fasting has been going really well. I'm down ~10 lbs since June 14th, and am shooting for another 15.

classical_Liberal
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by classical_Liberal » Sat Jul 21, 2018 9:01 am

Great job with the IF! It becomes a lifestyle after 6 months or so. The upside, less wasted time preparing, cooking, eating food. Plus the obvious health benefits. The downside, socially people get irritated as f**k when you refuse to eat with them all the time.

Less than a year!!! I can hardly wait to read how it feels!

2Birds1Stone
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by 2Birds1Stone » Sat Jul 21, 2018 9:43 am

Woah

I'm typing this using only my right hand and left middle and pointer fingers.

You see, today I went for a mountain bike ride and took a really nasty spill. Doing a double black diamond section I came around a sharp upward bend with a jagged piece of concrete slab sticking out. The angle my wheel hit the concrete, cause my bike to stop instantly, and myself clipped in to the pedals head first over the handlebars with the bike landing on top of me into rocks and trees.

I banged up and gashed my knee, bruised hip, bruised stomach, gashed my forearm, and crushed/sliced my fingertips on my left thumb, ring finger, and pinky.

I'm lucky it wasn't worst. I could have easily broken something, or even worse.....

@c_l I can't wait either!

IF has been good on my wallet. No purchasing convenience foods on the way to the office or while running around NYC because I forgot to pack a lunch or eat breakfast. I'm down another 4 lbs for a total of 14.

trailblazer
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by trailblazer » Sat Jul 21, 2018 2:09 pm

What is your IF routine? When do you eat, how much etc.?

2Birds1Stone
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by 2Birds1Stone » Sun Jul 22, 2018 9:26 am

I eat from 12-8. Roughly 20% deficit based on my Garmin watch estimates for a day.

The watch uses my baseline assumed burn (2400 calories in a sedentary day), and adds all of the walking, cycling, running, mountain biking, etc that I do. I shoot to be at ~75-80% of my expenditure in terms of intake.

So a super sloth day where I don't leave the house I aim for ~1800 calories, and a super busy day with long training where I burn say 4000+ calories, I would eat ~3000.

In terms of "what" I eat, a fairly balanced diet, focused on vegetables, fruit, lean dairy (FF greek yogurt), eggs, some meat, beans, etc.

trailblazer
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Re: 2Birds1Stones' 325 day hustle to freedom!

Post by trailblazer » Mon Jul 23, 2018 3:26 pm

Thanks for the detail. I'm going to try the 12-8 part for a while. I can easily skip eating in the morning, but always want to eat between 5 and 8 p.m., no matter how much or little I ate in the AM.

2Birds1Stone
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Re: 2Birds1Stones' 311 day hustle to freedom!

Post by 2Birds1Stone » Tue Jul 24, 2018 8:21 am

Give it a whirl, I was impressed with the results. Not just the weight dropping, but more so the lack of fatigue, hunger, and decreased athletic performance that I sometimes experience in a deficit such as this one (it could just be that it's early on).

I'll stretch the fast to 1-2 PM sometimes if I'm feeling good and want a bigger dinner. Usually break fast and eat about 30% of my calories for lunch, and save ~70% for dinner/snack at night.

With a big meal at night, I'm primed for a run/MTB/lift in the morning. Actually feel better as I'm not digesting my first meal during exercise.

I'm down to 206.4 lbs this morning, with my 7 day average down to 207.2

This is the lightest I've been since summer of 2014, and I would like to get to <198 by Labor Day weekend. 9.2lbs to go =P

2Birds1Stone
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Re: 2Birds1Stones' 311 day hustle to freedom!

Post by 2Birds1Stone » Sat Jul 28, 2018 7:33 am

This are moving in the right direction on most fronts.

I'm down to 204.6 lbs this morning, despite my diet being off due to work travel/happy hours/dinners etc.

Received a verbal offer from the company I have been interviewing with. I verbally accepted and we will be able to formalize it middle of next week, with a target start date for the new job of August 20th.

Have an active weekend planned with a 6.2 mile run this morning and a MTB ride tomorrow. Playing handball and lifting as well. Gotta make the most of summer before I jump into the new gig.

2Birds1Stone
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Re: 2Birds1Stones' 311 day hustle to freedom!

Post by 2Birds1Stone » Tue Jul 31, 2018 5:30 pm

July Financial Recap

Assets
$107,000 CD/MM
$119,000 401k
$82,100 Brokerage
$54,400 Roth IRA
$14,800 Ag
$12,200 Vehicle Equity
$19,200 HSA
$10,300 Au
$419,000 Total Assets (+$11,000)

Spending
$550 Rent/Utility
$99 Grocery
$82 Gas
$297 Entertainment
$100 Depreciation
$50 Cell
$290 Travel
$34 Health
$83 Misc
$200 Gifting
$1,775 Total Spending

Income
$5,960 Salary
$780 401k
$533 HSA
$7,273 Total Income

75.5% Savings Rate

$19,756 - Actual expenses, last 12 months (currently 21.21X, or 4.72% WR)
$15,300 - Actual bare-bone, last 12 months (currently 27.39X, or 3.65% WR)

Current 4% WR = $16,760

Monthly Combined Tracking

$3,444 - Combined Spending
$9,400 - Combined Income

63% Savings Rate

Combined NW = $514,000 (+$15,000)
Combine Spending = $41,000 (based on last 12 months)
Combined WR = 7.98% (12.5 x annual expenses)

Musings

Pretty epic month on the financial progress. My own trailing 12 month spending dropped by a significant chunk, while markets did their thing and resulted in a very big drop in my current required draw down rate.

Our combined spending was up this month, but also down on an annualized basis. Hitting 12.5 times combined expenses is a cool milestone!

August is a mystery to me. Everything is up in the air right now with work. Once things become clearer I will have a better idea of how to measure progress and set goals.

Oh yea, my 7 day rolling average for weight is down to 204.9 this morning, next monthly update I hope for it to be <200lbs

2Birds1Stone
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Re: 2Birds1Stones' Musings

Post by 2Birds1Stone » Wed Aug 01, 2018 5:19 pm

I'm happy to share that I formally accepted the offer! We negotiated and I ended up exactly where I was hoping to.

This is going to be an interesting endeavor for a few reasons.

1) I'm teetering with FI already, so the $ is icing on the cake
2) The tech is really cool and fascinating, so learning will be fun
3) I'm completely outside of my comfort zone
4) I have NOTHING to lose
5) There is an equity component, which takes longer to vest than I plan to be employed (but you never know!).

2Birds1Stone
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Re: 2Birds1Stones' Musings

Post by 2Birds1Stone » Mon Aug 06, 2018 11:44 am

Things are moving along well.

My 7 day average weight is 203.0, so down 1.9lbs in the past 7 days.

I resigned at my current job over the weekend, will be prepping my replacement over the next two weeks.

SO and I are really trying to enjoy the downtime before things get crazy for both of us. Spending for August will be higher as a result. Going to do some things we will have a harder time fitting in the schedule once I start my new gig.

My fitness is getting better as I continue to regularly train with weights and run/cycle/and walk/hike daily. I am continuing to push the weight loss at 1-1.5 lbs a week, and the next 5 lbs should make a dramatic visual difference. I should also feel much better running/mountain biking being lighter.

I don't think getting any lower than 195 lbs makes sense at this time, winter is coming anyway.

2Birds1Stone
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Re: 2Birds1Stones' 18 month hustle to freedom!

Post by 2Birds1Stone » Sat Aug 11, 2018 1:08 pm

2Birds1Stone wrote:
Tue Apr 24, 2018 5:01 pm
Unless the stock market corrects beyond 20% and stays there by Fall of 2019, then I have a few potential events to consider before taking my gap year.

The first date to stick it out to is October 1st, when I will be able to have my 401k fully funded for 2018.

The next "event" will be earning enough income to max Roth IRA for 2019, at the end of February.

The third milestone will be June 15th, where I should hit the 401k max for 2019.

The last one will be September 15, assuming no commission that would max out the 12% tax bracket for 2019.

At that point, I will be looking to take an exit. I'll have to return to work mid 2020 to get the final stretch of the way to a sub 4% WR, which assuming the markets don't implode, should only take another 2-3 years of full time work, which I may or may not do in one straight shot, or opt for some other semi ERE lifestyle with PT/Seasonal/Sporadic work to let the funds grow in the background.
I was reading through my journal this morning and came across this post. I realized that many of these dates are now changed/irrelevant due to my new job.

October 1st 2018 is no longer significant, I have maxed out my 401k for 2018.

End of February and June 15th are no longer relevant. April 1, 2019 - the most significant date, will achieve 40 Social Security credits, max out 401k and IRA for the year, income @ 4% WR should also cross above trailing 12 month expenses for the first time. (FI at current spending level)

September 1, 2019 - 25% of stock options vest, 1 year with new employer. This is significant because I will know by then if I have a future with this company or if it's time to pull the chord.

April 1, 2020 - max 401k/Roth for the year, income @ 3.5% WR should cover trailing 12 months of expenses. If work is getting in the way of life, this will likely be where I take a sabbatical (summer of 2020). Preliminary plans were to take 6-9 months off, but if career is going exceptionally well it would make sense to continue working until we are FI as a couple. I would still take some sort of leave, even FMLA (I have sick grandparents).

After this, there is no point in even planning. So much will change in the coming months/years, that I am learning to take a shorter term view and trying to be more present.

classical_Liberal
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Re: 2Birds1Stones' Musings

Post by classical_Liberal » Sun Aug 12, 2018 2:36 am

The new markers have arrived! Don't let them move anymore :D

2Birds1Stone
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Re: 2Birds1Stones' Musings

Post by 2Birds1Stone » Sun Aug 12, 2018 8:00 am

classical_Liberal wrote:
Sun Aug 12, 2018 2:36 am
Don't let them move anymore :D
Indeed! Everything is pointing to this being my last career type job for the foreseeable future. If the job goes really well, it should fast track us to being financially independent as a household unit. If it doesn't go well, I will be FI in less than a years time, and a long work break is in order in 2019 or 2020. Either way, it is a win.

I'm just going to take it one paycheck and monthly financial assessment at a time. If the burnout happens sooner, we are in good shape to exit at any time.

2Birds1Stone
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Re: 2Birds1Stones' Musings

Post by 2Birds1Stone » Sun Aug 12, 2018 9:23 pm

The weather has been a roulette wheel this past weekend. We were lucky enough to get rained on this morning, and as a result my run got rained out.

I woke up to a 201.6 for the third day in a row, with my 7 day average at 202.0 this morning. -18lbs in exactly 60 days feels good! Another 5-7 to go and I'm done.

I hit the gym instead and lifted + a short and fast run at my desired 5K pace. Ran 1.25 miles @ 7:15 pace. I will continue upping the distance at that pace till I can sustain it for 22 minutes.

We enjoyed brunch out with friends in western Long Island. Wandered around a nature preserve, dodged some insane thunder and flash floods, I used a gift card to a cycle shop that my SO received as a gift for volunteering at a race last year. Finally got a small riding light for my MTB, SO is not happy about the idea of my riding in the woods at night. I'm thinking a second backup light on my handlebars will be a good idea in addition to the helmet.

This afternoon was spent outside in the backyard, reading, talking, and going for a walk. Most of my colleagues are getting ready for a busy week ahead, and I'm on garden leave till I go turn in my badge and laptop later this week.

We had discussed our goals and progress financially a bit with SO today. I brought up how I wanted to treat commission, and get her feedback. Since my new salary will already be enough to hit an 80% savings rate, I would like to take a % of each commission check I get in the new job, and splurge on something we otherwise wouldn't, that would be enjoyable or improve our happiness/quality of life.

If my career trajectory and income are going to drastically depend on my performance at work, which is tied to commission, I feel that I should really create an incentive for myself which can also be shared with my SO and drive some sort of personal desire to succeed besides the paycheck.

I used the example of 10% with her. So for every $1000 of net commission earned, I propose spending $100 and investing the rest. Which could be something like a couples massage, a day-trip, show/concert.....or with a potentially larger commission check a 3 day weekend getaway, scuba certification (for her, I have mine), guided outdoor adventure (think rafting/backcountry camping etc), etc.

It could also be used to "upgrade" some of our very worn and dated regularly used items. I don't have a personal computer, and would really like one (new employer very strict about personal use of company laptop). My professional wardrobe will need a bit of a refresh after losing 25+ lbs. We have a few things on our outdoor gear "wishlist" like some camping hammocks, a lighter tent for hike camping (we have a 18lb tent we use for car camping), some decent rain gear (which I've never owned, and genuinely believe I would spend more time outside in the fall/winter "weather" if I had clothing for it.

The whole point would be to see if that additional spending is something we actually enjoy, and could see working slightly longer for......or not.

I'm not sure if 10% is a good starting point, or even going a tiny bit higher (say 20% and continue hitting an 80% savings rate, and no more on purpose).

2Birds1Stone
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Re: 2Birds1Stones' Musings

Post by 2Birds1Stone » Mon Aug 13, 2018 8:53 pm

We are looking to get an older van as a project to refit/finish and specialize for our needs.

1988-1996 primarily

GMC Vandura
Ford E-150/E-250
Dodge 1500
Chevrolet Chevy
etc....

We are looking something with good drive train and bones that needs cosmetic work. Budget is $1000-2500

The goal would be to learn skills while building something we could then take on extended road trips and camp or even stealth camp in more urban areas.

classical_Liberal
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Re: 2Birds1Stones' Musings

Post by classical_Liberal » Thu Aug 16, 2018 1:16 am

An adventure vehicle!

At least that's what my GF and would call it. I'm waiting for my old scion to take a dump, then I'll be in the market for something similar. I'd use it as my primary vehicle since I drive sub 50 miles a month for daily activities anyway, all the miles on my car are road trip related. Problem being, even with 181K mile, the scion is showing no signs of problems :(

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