I can see the dock, I think (or random babbling)
So, I think I’m drifting into the dock, the FIRE dock. We’ve checked into some of the logistics items. My wife has learned that I can get onto her insurance. I have been trying to learn the nuts and bolts of setting a business up. There’s a lot of information out there, it’s just weeding through it that’s the challenge.
In thinking about this, I also ran across a Blog that mentioned “Barista FIRE”. It was on the “Financial Panther” blog. The concept was that once the heavy lifting of the accumulation phase is done, all you need is some spending money. I think I am there. I don’t really want to be a Barista, but I could.
One of my daily practices is listening to some radio on our Sonos speakers. I used to be an avid Dave Ramsey listener, but I kind of grew out of it. He’s very repetitive and there’s not much new information on his shows. But he is very inspiring and it’s interesting to hear the fixes people get into. But I’ve been listening recently and hearing Dave talk about the baby steps, and guess what...I’m done. All I have to do is give and become wealthy. Life is good.
Does Market Volatility blow me off-course? Nah…not much.
So today, the Dow Jones Industrial Average was down over 400 points. Would I be honest saying that it doesn’t bother me? No I wouldn’t. I certainly get a better feeling when it’s up than down. But I have read enough in the FIRE blog world to know that the downs are a part of everyday market life. If you’re playing the long game, a down period is as natural as the wind sometimes coming out of the west and sometimes out of the east, north or south. My little motor boat with the 10 hp (or 7% gains) motor will get me there. I think I just stumbled onto an analogy.