I was listening to one of my FIRE/Finance podcasts this week, and they discussed an interesting test or quiz you should consider as you prepare for early retirement. A lot of us who have caught the FIRE bug dream about our time post-FI, and do a lot of thinking/considering/planning for what we will do, what our day will be like, and how we will occupy our time. For many of us, it is the fuel which keeps us going as we accumulate the resources to be financially independent.
Yet a lot of folks who are in the community have not been able to get their significant other as “pumped” as we are in reference to this, and often discussions do not go very far. A lot of our spouses just aren’t that turned on by finances, Roth conversions, and travel hacking. I know, because I have constantly tried to involve Mrs. 39 Months in our finances, but she resists. The best I can get her to do is look at our net worth statement at the beginning of each year and file it away.
So the podcast suggested you ask your significant other a simple question, one that they probably could wrap their heads around and provide feedback on. The question for your partner was “describe a typical day for yourself post-retirement.” From this, you should be able to tell a lot about the sort of life you may lead, some potential budgetary points, and how compatible your plans are with your partner.
Well, for Mrs. 39 Months, I got this:
- “Wake up late”
- “Spend time in morning to meditate and stretch”
- “Leisurely breakfast”
- “Time to take walks outside”
- “Time on my arts & crafts (she plays the dulcimer and makes leather shoes and jewelry)
- “Some travel”
For a little background, Mrs. 39 Months worked for a company for 18 years, where her hours were 10am – 6pm. She had time for a relaxing morning, and she enjoyed it. Eventually the company was bought and moved, and she didn’t like the commute, so she left. Now she has to head to work at 8am, and she doesn’t enjoy the earlier mornings, and how it affects her schedule. Thus, her desire for a more leisurely morning.
It also shows that she doesn’t have a desire for a lot of money-intensive actions in our retirement. We can probably maintain our current lifestyle (though I’ll probably bump up the numbers for travel in our budget). This will help me plan better and keep on track.
So I’m glad I asked, and I hope this will help spark a continued interest by her in our retirement plans.
I hope you folks are communicating well as you progress!
Mr. 39 Months