Updated: Feb 13
Why do you desire FIRE? Find out your why and you'll find an easier way.
This is one of the most important questions to ask yourself right from the beginning. By understanding your why, you'll have found a fountain of infinite motivation to keep going in this pursuit of freedom. So what is it? Freedom from a crappy job, more time to spend with love ones and travel the world, or perhaps you want to do good and this will allow you the time to help others in an impactful way. Whatever your reason is, it will help you reach your goal faster than you ever thought possible. It will help cut the unnecessary distractions to focus whole heartily on the objective. For myself, my reasons are simple, as most are, for my wife and I to live closer to her family in Brazil and to be able to not work for work sake and undertake advantageous opportunities that I wouldn't be able to do if I was working a regular 9-5. Actually, I can think of many, many more reasons, but those two are pretty big. Now it's your turn!
"True success, true happiness lies in freedom and fulfillment." -Dada Vaswani
Now I know my Why! or Whys! What does this information give me? Well, I can take the destination, whatever I want to do, wherever I want to go and work backwards. That's right, that old idea of reverse engineering. What a powerful tool right?! So wherever you want to go you can now figure out the steps by working backwards to where you are now.
"Ok I know my why and where I want to go, but what now?"
Are you still with me? I hope so, and since you already read the last few pages, I'm sure you're motivated to keep pressing on searching for the answers to your FIRE quest. So where do we go with this newly acquired knowledge? Great question, I'll tell you. All of these goal and destinations will be accomplished by micro-actions we take in our day to day and month to month. For example some time ago I began direct depositing my paycheck in our savings account, instead of the checking account. The idea is that it will be more difficult to spend this money than if it was sitting easily accessible in our checking account. You see, this is an example of a micro-action that will have huge payback when it's invested. Which brings us back to a previous article of "Save more, Spend less, Invest the difference".
You should start seeing a pattern emerging here about saving, spending less, and investing. In future articles we'll go deeper into each category for more clues, insights, and tools to use that will get us where we want to go. Good luck!