|FIRE in Cyprus?|
There are now literally hundreds of personal finance bloggers out there in cyberspace with many of them blogging about trying to reach financial independence. Some are more extreme than others but I have now started to see a distinct pattern that separates them into at least two categories. The first are those where reaching financial independence in just a few short years was a doddle and where life since early retirement has been a bed of roses with low spending, plenty of international travel, new cars, new homes and nothing ever going wrong. Then there are those where stuff, including negative stuff, happens. The journey to FIRE maybe takes determination
, maybe their company gets bought out with redundancy coming relatively soon after
, maybe their company simply doesn’t agree with their lifestyle choices causing a rethink
or just maybe early retirement was not for them so they have returned to work
I’ve started to call the first the blogs that are selling a life and the second the blogs that are living a life. I’ve also pretty much stopped reading the former as they no longer resonate with me as my journey has and continues to be much more like the second type. If you however prefer the first type then I’d suggest you move onto your next piece of Saturday reading as this post will likely disappoint.
I’m now coming up on 3 months of financial independence (FI)
and the one thing I’ve been trying to leave via FIRE (financially independent retired early), work, has already become a very different place. My workplace and the career I chose is one that is very focused on the financial top and bottom lines. This means that it’s no secret that as soon as my job can be done by somebody else cheaper or more efficiently in the world then I won’t have a job. It’s also one where if you perform well you can do well financially, and I have, but also one where even average performance will result in you quickly finding yourself without a job. For me this has helped with my rapid progress to FI (of course it’s taken a number of other choices as well) but it’s come with the sword of Damocles always in full view. 3 months ago that sword was taken away and it’s made a big difference. It’s firstly just simply removed a weight from my shoulders as out sourcing or average performance will now just result in a nice pay off, which I negotiated some time ago when I seriously looked to move on but was still a golden child, which will further bolster my wealth nicely and result in me simply sailing off into the FIRE sunshine. Additionally, to ensure continuous success one technique I’ve used over the years is to work very hard which gives me extra time to drive the risk out of every decision I make. The ramifications of this are pretty long days
but it did help with surety of tenure. Since FI I’ve started to take now take more risk as there are now no downsides personally. So far this has me back to peak performance, having dipped for a few months following extra work load, but I’m also working slightly less hours and that 0.5 – 1 hour less work per day has put a spring back in my step. It’s still not the place I’d choose to be Monday to Friday and FIRE is still very much in view but it’s a lot better post FI then pre.