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Showing posts from March, 2017

Increasing my Savings via Itty Bitty Tiny Little Baby Steps - Part 1

So I was talking to one of the interns today (one of my favorite things to do, BTW, and what may keep me working full-time longer than necessary) and I mentioned my interest in finance and that I might do some blogging. She took the opportunity to chat me up about financial stuff, which was very wise of her. Ah, grasshopper….
Anywho, she mentioned that she and her husband kept a bunch of money in a savings account. I pounced on this opportunity to share Mr. Money Mustache’s concept of all your dollas being little green soldiers, who, while sitting around in a savings account, were basically on an all-expenses-paid-by-you Caribbean vacation. I explained that in most savings-account scenarios you were actually losing money since your piddly .0-whatever % interest wasn’t even keeping up with 2% inflation. I also happened to mention that I had some saved up money in a money market account, and that this at least should keep you from losing money while your soldiers are on R&R leave. …

Why the F*ck are the other Blogs Retrospective?

So here I am, trying to put this blog together…it’s kind of a lot of work. They say that any author should read more than they write, and with all the other FIRE blogs out there, other doctor-y blogs, and the general financial stuff on CNBC and Motley Fool and whatever, reading a lot definitely isn’t a problem. I think I read for about 3 hours today while I waited on them to fix my dog at the emergency vet. Ugh. (I love her and was concerned, but was also concerned about now not being able to max my 2016 IRA contributions because she was costing me $500. Better safe than sorry though. Anywho, my dog is not a luxury (blog post on that will be coming down the pike soon!).

Back to the original point though, a lot of other FIRE blogs are retrospective. Now that I’m trying to do this, I can see why. I guess the first issue there is that if the bloggers/authors/whoever haven’t actually done the FIRE thing successfully themselves, there’s not a lot to separate them from the snake-oil salesm…

Why Try to Set Shit on FIRE?

I think they the interesting question is: Why do I want to be a part of the FIRE movement? My motivations are very different than many of the other bloggers out there, or at least I think so. It’s interesting because some of them seem to want to be nomadic and travel the world. Others want to be able to stay home and spend time with their kids. Still others hate their jobs. I would say that I do not fall into any of those categories. Let me explain.

I do not want to live a nomadic lifestyle. I’m not even that big on traveling. The furthest away I’ve ever gone has been to Hawaii. In order to do that, I had to sit 9+ hours on the airplane each way, each time wedged into a seat like an itty-bitty little sardine, worrying that I was going to get a DVT which was going to turn into a pulmonary embolism, and that I would die before reaching the destination. So to me, travel is not all that appealing. As I’ve gotten older and I’ve made a bit more money and have been able to upgrade to econom…

Why the fuck did I choose to do this in my spare time?

I would say that I’ve always had the natural tendency to be a math nerd, although I didn’t really appreciate it until graduate school. When I was younger, I made it through algebra and geometry and all that, then pre-Calc started to fuck with my mind, and by the time I got to trigonometry in college I just gave up. It wasn’t so much the lack of ability as a lack of motivation or interest. But then I went into psychology, had to take a lot of statistics classes, and I thought those were kind of okay. When I got to grad school, I realized I had an unusual penchant for research, and luckily due to a supervisor seeing great potential in me, I was selected for a research-based postdoc which is where I learned to code syntax and really delved into the Rainman side of my brain. What I mean when I say that is when I get really in the numbers, I can literally feel my left hemisphere turn off. I remember one time after several hours of coding, I went out on a dinner date and had difficulty maki…