A very good article from Leftover Dollars on their “Year of Saying Yes.” Basically, they had a loved one who passed away after an illness of 2-1/2 years. That person had lead a rough life, without a lot of funds, and at the end, even when they had the opportunity, they chose not to spend money or time trying to experience or enjoy parts of their life that they had expressed an interest in. They maintained their “I don’t have enough money” attitude all the way up to the end.
Leftover Dollar noted that the experience of watching this “played a huge role in my FIRE journey.” Because of LD’s childhood, she was a natural saver and very frugal, so even as things went well and money became available, purchases and lifestyle inflation was put off, due to a fear of being broke “and scared of the chaos that ensues when the money runs out at the wrong time.”
I’m not sure how many folks in the FIRE community pursue it due to deep emotions on poverty and not having enough money (probably a significant portion). In this case, LD used her loved one’s final situation as motivation to start “saying yes” to all the things she wanted to do, but had been holding out on. She sought out a new job because she didn’t enjoy her current one. She traveled, visited old friend, and embraced life. “Basically, whenever an opportunity arose that I really felt would enrich my life or satiate some longstanding curiosity, is said yes. I acknowledged that I could afford it and made it fit into my budget.”
Its an excellent read, and I suggest you take a look if you have the time.
How many of us are holding back while pursuing FI, trying to put in that last dollar into our retirement funds? How many things have you passed up, even though you wanted to? While I definitely don’t embrace the “YOLO” lifestyle (you only live once), Mrs. 39 Months and I have done our share of traveling, spending and generally enjoying life. I came late to the FIRE movement – I only got to saving 40%+ of my income in the last couple of years. Before that, it was more like 20%.
Still, I find as we get closer, I’ve had the urge to say “yes” to a lot more. Once we hit our FI goal (8 more months?) I plan on saying “yes” a lot more often.
How about you?
Mr. 39 Months