Since I was a kid, I have told my mom I don’t want to work for the rest of my life.
I think it was because my granddad told me on his deathbed that he regretted having worked too much.
Somehow that has always stuck with me.
When I was 18, I told my mom I would stop working at the age of 30.
Back then I didn’t know anything about financial independence.
When I first read an article about Jakob Lund Fisker and Early Retirement Extreme, I was instantly hooked. I had read other books before that which changed my perspective on how life could be lived (e.g. The 4-Hour Work Week and Rich Dad, Poor Dad).
Even though those books resonated well with me, it wasn’t until I found the FIRE community I was hooked.
I won’t be financially independent at age 30
I know now that my bold goal of being FI at age 30 is not going to happen.
If I should have retired at age 30, I should have lived a different life with much lower expenses. I probably should have also won the lottery or sold a business.
However, I’m not sad I didn’t make it. I’m further on the path than most people and we have managed to build a net worth only a few people have.
I’m happy about the choices we have made since they give us lots of happiness:
- We got a daughter
- We live in a large city
- We live in a relatively large apartment in an expensive area
- We dine out often
- We travel a couple of times a year
All those choices make up our life. All those choices cost more money than their cheaper alternatives.
I don’t regret making those choices because we will rather be happy on the journey towards FI and postpone FI a bit. However, it’s, of course, important to understand when spending more money doesn’t increase happiness.
That’s why you need a FIRE strategy and realize it probably won’t turn out the way you expected it.
I’ll still be financially independent faster than most people
Even though I won’t be financially independent at age 30, I still feel lucky to be on the journey.
I’m so happy I discovered this alternative approach to life. I enjoy spreading the word on this blog and teaching my friends about it in “real life”.
Because we embarked on this journey in our 20s, I’m 100% sure I’ll become financially independent faster than most people. I still expect to become financially independent in roughly five years from now (used to be four years from now).
How can this be? We are already well underway, our savings rate will increase and our salaries will go up. Also, I’m more optimistic that we will earn money when we are FI to use the conservative 4% rule. Even though some costs will increase (more kids, getting a car, etc.), I’m confident we can still make it.
So, I didn’t become FI at age 30, but I did find FIRE before I turned 30. I’m extremely happy I did. We are on our way and I am proud of what we have achieved despite missing my childhood goal. Thanks for following our journey this far!