Mr. Fireball & I are in our mid-thirties, living the typical city lives, with the typical daily grind. But there’s something atypical that we want to do, we want to be able to exit the rat race and gain Financial Independence. Pronto!
Fire & Ice – Origins
Mr. Fireball & I have been married for 7 years (or was it 8, I forget!). We moved to Australia a year or so back, seeking greener pastures. While we had pretty cushy lives back home, we spent an inordinate number of hours being worker bees. Seeking more balance in our lives, we decided that a change of scenery would do us some good. So here we are starting from scratch again, grateful for having been given a second lease.
Right off the bat, let me tell you that I work in Finance. Now you would think that that would make me really good at managing my own finances. Um, nope, not really. Granted that I understand concepts such as compounding, time value of money, IRRs, Payback Periods, but I’ve never really applied them to my personal finances. It always felt like I was bringing work home, or maybe I’m just lazy.
That changed a few months ago when Mr. Fireball, came across and then in turn introduced me to the concept of Financial Independence Retire Early (FIRE). And that’s when a switch flicked in my head (perhaps too late, but better late than never!). Why do I take my employer’s money so seriously, laboriously running analysis after analysis, but completely disregard my own? Why am I willing to spend extra hours at work (for free, mind you), but can’t spend any time at all thinking about my own finances? Mr. Fireball had lit a fire inside me (pun intended).
Fire & Ice – Hopes & Dreams
Why would anyone be saving for tomorrow and not enjoying their today, you will ask. Who does that, you will exclaim. And we agree! No one should have to do that, and we don’t do it either. The idea is not to deprive ourselves of anything, but only to be thrifty about it. We still plan to take those exotic summer trips and indulge in the occasional luxuries, we’ll just try to do it as responsibly as possible.
Hopefully this blog will keep me honest and will stop me from slipping back into the abyss of laziness from whence I have only just emerged. And perhaps it will be of help to others who are just starting their investment journey and even regular investors who would want to compare notes or just give us a tip or two.