I’m Moving On, But Not Going Away

Not sure if others have experienced this but hosting my blog on WordPress wasn’t the best idea. Their hosting plans are pretty cheap but though their digital eco-system you are limited to their boundaries.

For that reason, I’m out.

I will be starting a new blog with the same content moving forward but the name will change. I should have done better research up front on domains and social media accounts before pulling the trigger.

The good news? I’ve learned about a couple amazing tools through this process and I’ll share them with you:

Bluehost – This domain hosting tool allows you to integrate with your Google accounts and transfer a WordPress content.

Namechk – This tool allows you to type a name into the search and it will tell you if that domain is available AND if the associated social media accounts are available.

If you’re starting your own blog and you want to monetize it or add affiliate links, steer clear of purchasing a WordPress.com hosting account as they lock you into a very limited ecosystem. I believe that a recent change allowed people to add plugins to their WordPress.com blogs where you could script in some Adsense or similar account but the ability to add plugins is sealed away behind their “business” paywall.

If you’re willing to wait for more easy frugal finance rules, hiking reports, travel tips, and my investment journey, please be patient. I’m working on getting the next iteration of this thing online as quickly as possible.

Thank you for reading!

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Quick Social Media Update

I just discovered the bootstrapfire YouTube channel. It is NOT mine. It belongs to a person who specializes in making gaming videos.

If I’m going to establish a YouTube account in the future, I will title it appropriately and link it here. Please do not mistake the current YouTube channel as my content.

EDIT: After some further digging, I don’t own the associated Facebook account by the same name.

Thank you.

Starting Late

Part of this blog’s existence is to offer advice and tips to folks who, like me, started down the road of PF and FIRE late in life. I will chronicle my progress and pitfalls here for the world to see in hopes of making other people smarter.

One of the oldest stories in PF is that of two people who walk the path of investing at different stages of life yet end up at VERY different destinations. The first person invests $100 per month for ten years starting at age 20 and stops investing additional money at age 30. The second person starts at age 40 and invests $100 every month for 30 years. The second person, with more money invested NEVER catches up to the 20 year old because of compounding.

This tale shook me as a 20 year old but not enough to action. Here I am today, nearly 40, and I’m no different than person #2. My investments will never catch up to the smart whipper-snapper.

My blog is dedicated to #2 people. People who, either through fear or analysis paralysis didn’t invest early and want to start today.

There really is NO better time than NOW to start planning for the future. Whether your future is not working or having a smooth retirement or both, at whatever age. This blog is to help the #2 people from becoming #3 people… the people who never sorted their finances and never invested.

According to this CNBC article, 34% of Americans have NO SAVINGS!

That’s nuts!

I know that’s an extreme example and there are plenty of people who live a successful life that fall everywhere on that spectrum. But it’s still a shock!

So keep reading this and other PF, FIRE, and investment blogs. Read the popular books. Gain wisdom and grow rich.

Welcome To Bootstrap FIRE

First.

 

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:

Mad Fientist

Go Curry Cracker

Mr. Money Mustache

JL Collins NH

Financial Samurai

Millennial Revolution

Retire By 40

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.

Thank you!