Month: May 2017

Kickass Motivation through Public Accountability

~ I will be able to retire within 10 years from today. ~

This is a challenge to myself, as well as encouragement to anyone else who wants to join me in this journey to financial freedom. This position of strength will grant us the time to do whatever we want to do (even continuing optional work) without having to worry about money. I write this here in this public forum, not to brag, but to hold myself accountable to you and to the me 10 years in the future who will be very disappointed if they are not yet financially independent.

If I had started thinking about this earlier, I could be much closer to this goal. But part of this process involves making peace with my past, and I invite anyone else of any age interested in joining me to look forward with optimism. Today is the first day we can change the rest of our lives.

Don’t worry, there will be no need for major windfalls like winning the lottery or gambling with individual stock-picking or timing the market. Financial freedom does not require working until an “official retirement age” or “hitting a homerun” to amass a stash. Unlike current popular belief, early retirement is really simple.

We will succeed by following 3 simple steps: (1) avoid debt, (2) spend less than we earn, and (3) invest the surplus. The more we save and invest, the shorter the timeline. As a safety margin, I am giving myself up to 10 years, but If you could maintain a 75% savings rate, the you{+7} could already be retired. How exciting would that be!

I turn 29 years old today, May 27, 2017. Before I turn 39 years old, I will be able to retire. This is simply a fact for I{<39}; I{>29} will make it so. And so it must become.

So this post is a birthday can of kickass motivation through public accountability; this is the best gift I could think of to give myself. If I fail in this goal, I will be the first to mock and criticize myself (and I’m asking that you throw stones too), so I better not disappoint!

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