I decided to make a blog to chronicle my family’s march towards Financial Independence (FI) and Retiring Early (RE)… sometimes written as “FI/ER,” or “FIRE,” or “FI/RE.” Before you dig too deep, be aware that I am not a licensed financial planner and hold no certifications or official positions in the PF field. As such, please use any advice you read here or at the linked websites at your own risk. If you want to learn more about the basics of what these ideas are, you can cruise over to one of the MANY websites designed around the concept:
Those are just some of the most talked about. As a quick note, if you’re going over to Mr. Money Mustache, be aware that the community there takes Frugalism and investment seriously. The attitude feels a little elitist, but there’s tons of great information there.
Why BootStrap FIRE?
Because I’m presently serving in the United States Air Force and have reached 20 years of service making eligible for retirement from the military with a pension. Because of my position, you will need to take some of the information I plan to post here with a grain of salt. My family’s health care bills are covered which, I understand, is a huge portion of the budget for many families. Also, we don’t pay tax on a portion of my income and we have access to TSP (which we do contribute a bit to). There are some other perks that enable us to have some money to put into savings but those are the biggest items.
Why a Blog?
Because I want to tell the story of my investment journey and discovery of the FIRE community from the beginning and from the POV of someone who started late in the game (currently 37 with no investments other than TSP). We have only been contributing around 5% (fluctuates based on personal choice) to TSP monthly.
I believe this blog will also help others in the military who don’t get a lot of training on investments and saving for the future. If you stumble upon this blog, as a service member, please pass it on… I will be doing updates on TSP performance and what I’ve learned about the program here.
The blog will also have fun frugal ideas I’ve learned from other sites and some I’ve come up with on my own. It was surprising to learn how fun frugalism (read: smart choices, not, being a cheapskate) can be and I hope to pass on some of that excitement.
I hope you enjoy your time reading here (outdoorsy posts also incoming) and if you do, let your friends and family know.