Had a lot of work commitments the first week of September, so apologies for the late post.
August was a lot of fun, in part due to two FI community meetups I attended in Minnesota as well as one in the Chicago area. As simple as it is to live a FI-compatible lifestyle once you have the basics down, it’s still fun to meet others who are pursuing a similar goal. The Minnesota meetup / CampFI were highlights for me, as they allowed me to meet a lot of my FI blogger heroes face-to-face, which is a pretty rare opportunity. Plus, I got to meet a bunch of other really interesting and friendly people (at all three meetups) whose internet presence may not be nearly as strong. It’s really refreshing to be able to spend hours talking about money saving tips, travel hacking, side hustles, and other efficiencies that speed up the path to FI.
Slight tangent here: one of the things that kind of annoys me about the FIRE community is that there seems to be a lot of groupthink that everyone should start a personal website (usually blogging about FI-related things), podcast, online course, or other products as a side business. It’s great for those who enjoy writing or website administration as a hobby, but I don’t think that it can be a viable business for the vast majority of people who get into blogging. Even if they are talented content creators, there is way too much chance involved to say that all the hard work to make the content will be financially rewarded. In my case, I have zero expectation that this site will ever make money, and at this time I don’t intend to ever attempt to monetize it. I maintain it because it is an easy place for me to document my progress for those who are curious to see what my financial life is like, and it’s very low-effort and low-cost (hosting is free and a domain costs like $15 / year). All this isn’t to say that people shouldn’t try if they are interested, but I think people should have more realistic expectations. </tangent>
Anyway, here’s where my money went this month:
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 7 months.