Today was a good day. I knew that a podcast that I recorded just before Christmas was being released, so I got up, downloaded it onto my iPad and then took the dogs for a walk to the dog beach. Tuesdays and Thursdays are my school-free days, so I had all day to listen to the conversation we’d had.
‘What’s Up Next?’ is a podcast that assembles a panel of people to talk about various topics about financial independence and financial literacy. Our topic was “Are All Teachers Poor?” (this link lets you hear it), and I was lucky enough to share the conversation with Gerry, the Millionaire Educator, and Ed from Educator FI – two guys who really know what they’re talking about.
I never listen to podcasts when I walk the dogs. I like to be in the moment with them instead. So, we walked down to the beach, I took their leads off and we set off walking beside the water’s edge.
The sea was like glass. The colours were muted and beautiful. I was surprised to see quite a few people there with their dogs. When you work full-time you have no idea of how many people are freely walking around the place during working hours as if they have a perfect right to be there. We stopped and talked with quite a few people as we made our way onwards.
It’s a lovely way to start the day. The soft lapping of the waves, the squeak of sand under your feet, the incessant barking Poppy does until she’s convinced you haven’t brought a ball down with you… it’s a darned sight better than driving down a packed Nepean Highway to work.
Once we got home I grabbed my iPod and listened to the podcast as I watered the veggie garden. I’d completely forgotten what we talked about – there’s been a lot happening in the Frogdancer household after all! – so it was as if I was hearing it all for the first time.
I really enjoyed it – and not just because the female panellist was so clever and insightful. (LOL – jokes. That was ME!!!) Ed and Gerry are thoughtful, caring people who are well-worth listening to and they know their stuff. I wish that Ed was on the admin team at my school!!
It’s now 5:40 PM and I’ve pretty much wasted the rest of the day. I’ve clocked up less than 6,000 steps, but you know what? Tuesdays are for ME. I’ll get the hang of this part-time malarkey. After all, it’s only been a month. These things need easing into, right?
I’d like to thank Doc G for inviting me onto his podcast. I enjoyed it very much and I hope other people, particularly teachers, enjoy it too.
What’s the point of FIRE? Why bother to reach financial independence? Personally, my go-to answer has always been ‘Freedom.’ I propelled my way to FI on the twin goals of wanting security for my family and freedom to spend my days as I, (and not the school timetabler), chose. But imagine my shock and horror when, after reaching my goal, I find out that in order to truly enjoy the FI/RE life to the full, I’ll have to radically change an aspect of myself that I’ve always held dear. It’s a bitter pill indeed.
Ever since the day I left my husband 23 years ago with $60 cash in my hand, (I gave him the other $60 in the account because fair’s fair, it was a joint account), and dragging the 4 little boys under 5 with me, I’ve craved financial security. Over time, as that goal became closer, it morphed into a desire for overall financial freedom. Six or seven years ago I stumbled across Go Curry Cracker’s blog and asked in the comments what ‘FIRE’ meant – (I went back a few weeks ago and yes – it’s still there!) – and I’ve been steadily and intentionally making my way there ever since.
However, since my brother had his stroke on Christmas Day and my aunt died in January, I haven’t been motivated to write very much. I’ve been doing a lot of thinking and evaluating. My nephew was also battling lymphatic cancer, while being a father to 2 and expecting number 3 later this year, (he’s all clear now!), while people I’ve known for years at work are struggling with various health issues like Parkinsons and other things. Also, Mum falling and breaking her shoulder has affected her mobility ever since.
Maybe, I began thinking, I should look at what’s happening around me and realise that maybe age is catching up to some of us. Not me, of course! I’m youthful and dewy still. Yes… but still…
… maybe our bodies don’t simply carry on forever? What am I actually doing to maintain fitness?
I’ve never been one to go for a walk just for the sake of it. What’s the point? I’ll walk to the shops, I’ll definitely walk the dogs and I’ll walk to the library to return books, but why on earth would anybody walk for fun?!? As for sports… yeah nah.I don’t mind watching a good tennis match and I watch the AFL Grand Final every year, but as for actually playing a sport? No thanks. God invented books for a reason and that is so people can curl up on the couch and read them.
There’s no denying it. I’m not fit. At all. Never have been. This blog post from 2015 shows a photo of Steep Hill in Lincoln. What I didn’t mention in this post, because I didn’t want to worry my family, was that as we were driving away after walking up this incredibly steep street, I had pains in my chest. Poor Scott thought I was going to have a heart attack. Fast forward to my trip to North Korea in 2018, when I had to quit a walk up to the top of a mountain because I knew I’d never make it.
Yesterday I learned that A, my ex-husband, is going into hospital on Monday for a triple by-pass. He’s only 3 years older than I am! My God, it seems like everyone in their 50’s is dropping like flies!
Now, I realise that I’m writing in a niche where bloggers reveal all when it comes to their intimate figures. On their spreadsheets, that is. Well, I’m not about to reveal any intimate figures, either on my rotund frame or numerically. I don’t think the internet is quite ready for the former. But I haven’t been happy with my level of fitness for many years now, so something has to be done.
First step – I bought a Fitbit, (because there’s no doubt I’m a lazy cow). After all, what isn’t measured can’t be managed. Apparently, exercise helps stave off strokes and stuff. I began with not changing a thing about my life, just to see the baseline of where my steps are. It was in the summer school holidays, so it was always going to be low.
Turns out that if I have a book-reading day, my steps are as low as 2,000. Yikes! A normal day would be around 4,000. No wonder I’m getting to be what used to be described as a “cosy armful.” So I set the goal of 10,000 steps a day.
Turns out going from 4 to 10 thousand steps is really hard. So instead of beating myself up, I’m now looking at my average daily steps each week and aiming to improve on them each week. I figure that’s a more sustainable way to get into the habit of moving more. I’ve now reached the stage of giving the dogs an extra walk if I’m low in steps, which they love.
Though I didn’t think ahead when I bought Scout. Those tiny little legs can’t walk a long way before they get tired. I can’t leave her behind when I walk the other dogs because she literally screams. You’d swear she was being torn limb from limb. Still, I guess me carrying her adds to the weight loss goal.
I was talking with Jen, my sister-in-law today. She says she has a Pilates machine at home and she invited me to test drive it. She’s as thin as a twig and is constantly moving, so I’m going to go over there and have a go. Why not?
I can’t see myself ever being a fitness fanatic, but there’s no doubt that I’d be a fool if I ignored everything that’s going on with the people around me. It’s a bitter pill to swallow, but better I swallow this than a packetful of Haribo Gummy Bears.
After all, what’s the point of becoming financially independent and retiring early(er) if you’re too fat and unfit to do anything with all that freedom?
Being a bit of a greenie, one of the jobs I wanted to get done around the house before I retire was to put in another rainwater tank, this time in the front yard. Using rainwater to water my gardens would surely help to ‘retire-proof’ my future self by lowering my water bills and giving me more money to use gallivanting around Europe and the UK. It was a good plan. What could possibly go wrong?
I have a paved patch of ground about one and a half metres from the house which would fit a slimline water tank admirably. I surprised myself by being practical and grabbing a tape measure to accurately measure the dimensions at my disposal, then I spent DAYS looking at all the different websites of what was on offer. Finally, I ordered a 3,200L steel water tank for 2K.
Phew! Done. All that was left was for me to get a plumber to install it. What could possibly go wrong?
Maybe I should’ve asked that question before I ordered the tank.
The plumber came out to give me a quote. Incidentally, working part-time has the unexpected benefit that I can actually be at home when tradies come. Anyway, he walked around, grabbed a camera on a long coil of cord to look down the stormwater drain, he sprayed paint on the grass to mark where the outflow would have to be dug to, then he went away to tot up the quote.
I went inside and spoke to Ryan25. “He’s talking about having to do a lot of digging,” I said. “It might cost as much to put the water tank in as it did to pay for the darned thing in the first place.”
Soon after came a knock at the door and I went out to hear how much this project was going to set me back.
Six Thousand One Hundred Dollars.
Yep. It was going to cost 3 times what the tank cost just to get it installed, plumbed and connected to the pump. Yikes!
I was pretty definite about how I wouldn’t be going ahead with this job. From memory, I think my initial reaction was, “WHAT?!? No. No no no!” I got another quote and it was pretty much the same.
So guess who now has to get a refund from the water tank company? How I wish that I’d sussed out whether it was easily and affordably do-able before I’d actually shelled out 2K to buy the tank in the first place. What an idiot!
Well, the Australian school year began two weeks ago and I – I have begun my new life of part-time work. Yes, I gave myself the gift of time. And boy, do I have a story to tell you!
At the beginning of last year, I had no intention of going part-time. I was racing towards my FIRE number and I thought I’d simply push on through with full-time work until I reached it. But then Mum had a bad fall and broke her shoulder. It brought home to me the fact that my parents aren’t getting any younger and I really should step up and spend some more time with them. So, before I could talk myself out of it, I went to see my principal and asked for 2 days off a week in 2020 – one for Mum, one for me.
Fortunately, she also has ageing parents so she understood and agreed. This year I’m working Mondays, Wednesdays and Fridays, with Thursday afternoons devoted to taking Mum to her physical rehab appointments, while Thursday mornings I’ll spend with my brother in his rehab place as he deals with the aftermath of his stroke.
But Tuesdays are for MEEEEE!
The Australian school year started a couple of weeks ago, so I’ve had a bit of a taste of what my life will now look like. And it’s not bad…
The first school day for teachers was on Tuesday January 28. Now, Tuesday is one of my days off but all teachers had to attend school that day due to Important Teacherly Meetings and such, so I got a day off in lieu, where I can choose the date of my day off. Remember this because it’s important later.
At the end of Wednesday, I announced to the staffroom, “I’ve worked two days in a row. I’m exhausted!! I’m never doing this again. See you Friday!”
Judging by the comments flung my way after that, they now all hate me.
Last week was the first week where it was Business As Usual. Monday was a workday, then came Tuesday. That morning, my feet hit the floor at precisely the time when, if it was any other year, I’d be throwing things into my bag and racing out the door. I loved getting up, feeling rested and leisurely making my morning coffee.
I took the dogs for a long walk and then surveyed the hundreds of tomatoes that I had ripening on the benches in the kitchen. I decided that I’d have to spend time harvesting them and putting them into the freezer for meals.
I put on my son’s podcast, grabbed a chopping board, a knife and the thermomixes and got to work. I’ll blog about this in more detail later, but suffice to say that I worked from 9 – 4 processing bags of tomatoes, squash/zucchini and herbs to make the basis of 50 pasta meals. Yes, FIFTY.
They’re all in the freezer and amazingly, my kitchen is now filled with just as many ripening tomatoes as before. My garden has gone crazy. But do you know what the really crazy thing is?
In previous years when I was harvesting produce from the garden, I had to do it on the weekends. I’d be chopping things and bagging things like a threshing machine, all the while thinking, “Argh!!! This is taking so long! I’ve got a million other things I need to be doing! WHY is this taking so long? I don’t have TIME for this!!!“
But this time? I was chilled. I was working steadily but it wasn’t a problem. In fact, I wasn’t even conscious of how much time it was all taking until in the afternoon, chatting with Ryan25, I saw a secondary school kid crossing the street. “What’s the time?” I said. “I just saw a kid either walking home or wagging.”
“It’s 3:30,’ he said.
Wow. The whole day passed in the kitchen and I wasn’t stressing out about how long it was taking. This was bonus time – I Got Things Done that would normally have been put off until the next weekend. I was relaxed and feeling productive. What a great feeling!
This really brought home to me how cool this new work/life balance is going to be. There is no way I could have even considered this before I became financially independent, but now I have options. And speaking about cool – how cool is it that it all fell into place just as my parents and brother needed me to have more time?
It definitely shows that working towards financial independence is the way to go, even if you think that you don’t want to give up working. You never know when your priorities will shift and it’s nice to able to have the choice, without money being the major thing holding you back.
But remember that day in-lieu? This story gets better…
The second day back, I was talking with some of the young Maths girls in the staffroom and I mentioned that I’ll be able to choose a day off in the next few weeks.
Emily’s face lit up and she said, “Frogdancer! You should take the Friday before the Labour Day long weekend off. Then you’d get Thursday, Friday, Saturday, Sunday, Monday and Tuesday off!”
OMG. Mind Blown.
And to think I was planning to teach my 3 classes for a few days, see which class I liked the least and then take off a day when I had them for a double. WHAT an idiot I am!
I raced over to the Daily Organiser and got that day off locked in. I came back to the staffroom and then Emily said, “You know? You really need to go away for a holiday…”
“You know? I really DO!” I said.
I jumped onto my computer and within 15 minutes I booked a three-night getaway in Bowral, just outside Sydney. I was supposed to be working on Important Teacherly Stuff but hey… this was more important.
Bowral is a cute, funky little place with art galleries, cafés, bushwalks and the Don Bradman Cricket Museum, (not that I’ll be bothering to set foot into THAT place!Hate cricket with a passion.) It’s an 8-hour drive from Melbourne, so I’ll take the car and have a real road trip. It’ll be just me, my podcasts, my books and a thirst for sedate adventure.
It’s already shaping up to be a great year! Hmmm, I wonder how I’ll spend my day off tomorrow???
I know I said I’d be back when my head clears. I don’t know if I’m quite there, but after today (Monday – a public holiday) I go back to work, so if my head isn’t ready to deal with Real Life by now, it definitely has to be by tomorrow! But over the last few weeks, I’ve noticed that things I’ve put in place in the past have started to come to fruition in the present. Sow the seed now to enjoy the future.
As people playing along at home may remember, tomorrow is the first day of my new, part-time life. It marks the beginning of a new stage in my life. A stage where, for the first time since I left my marriage 22 years ago, I have actively decided to decrease the amount of money I earn, instead of frantically trying to bring home as much money as I could from my job and any side-hustles I could find.
I never thought I’d be in a position to drop my days of work down to 3 days a week – let along reach financial independence before I was 67! Yet here we are. Seriously people, keep chipping away that that debt/paying off that mortgage/salary sacrificing into superannuation and throwing money at investments. Sow the seeds before you need them, even when you think that the goal of financial independence is so far away you’ll never reach it. Sometimes life will surprise you.
The time will pass anyway, whether you look to the future or not. You might as well be a little bit frugal and put money aside for when you’re older. It can’t hurt and it might help.
It definitely did for me.
My brother’s condition remains unchanged. Jen, my sister-in-law, has gone to the country for the long weekend to spend time with her family, so yesterday I went to the hospital to see him. When he woke, he was surprisingly lucid. He definitely knew me, laughed when I said I was distraught about having to go back to work in 2 day’s time, noticed my big solitaire diamond ring and even remembered what his dog’s name was when I asked him.
Sometimes the lights are on and some of him is at home, other times not. I was lucky I happened to strike him at a good time.
Meanwhile, the projects continue at The Best House in Melbourne. We now have a new front fence and electric gate. I was tired of the little woofs defending us against all other dogs, prams and motorised scooters for the elderly, so I decided to block their line of sight. You may remember a little while ago I decided to harvest some profits from my investments and Get Some Jobs Done? This is the first of them.
In a month or so after the timber has been seasoned, it’ll be painted. Just wait till you see what it looks like! I always think it makes life more fun when you have something to plan and to look forward to.
While I’ve been preoccupied with family matters, the garden has been powering along. Currently, I have piles of tomatoes gently ripening in the kitchen where the birds can’t get them, while beans are hanging by the hundreds and squash and zucchini are growing so fast you could almost swear you can see them doing it.
Back in November I wrote a post called ‘Growing a portfolio is just like having a veggie garden.’ Now, 2 months later, we’re reaping the results of putting in that work of fertilising and planning – not to mention the work of installing the beds to begin with! Like a money nerd happily upgrading his/her net worth spreadsheets at the end of the month, there’s something deeply satisfying about being a gardener, walking back to the house with an armful of produce that you’ve grown on your own property.
Even better is when you nourish your family with what your garden has produced. It’s like the feeling you get when it’s cold and stormy outside, yet your kids are tucked up safe and warm in the home that you’ve provided. It’s a good feeling.
Incidentally, scroll back up to the photo and look at the men on the window ledge. One is from Bali, the other from South Africa. Travel is important to me and lots of tiny frugal decisions made along the way has enabled me to be a Valuist – able to have money put aside to spend where I find the most value.
It’s not just spreadsheets, investments and actual plants that the harvest metaphor applies to. Hobbies and skills are another.
Back in 2008 I decided to learn how to quilt. I borrowed a sewing machine from Blogless Sandy and bought a basic pattern from the local quilt shop. The thought that tipped me over the edge was that all quilting was, was sewing little straight lines. Surely even I was capable of that?!? I made a quilt for my youngest son, Evan11, because I thought he’d be the least critical of my efforts.
Thirty-odd quilts later, here I am. The baby quilt above was a result of mixing 2 quilting ideas together to come up with a fun gift for this new little boy. There was Maths involved, (and we all know how much I hate that!), and some slight swearing, but now I have a fabulous gift that cost me nothing but time to create.
I took a break from quilting for years when I was hitting my side-hustle of Thermomix really hard, but now I’m back. I still have the skills I learned and the fabric I bought back in the day and now, given that I’m only working part-time this year, I have the time to devote to creating more beautiful and snuggly things for the people I love.
I didn’t start off intending to write about sowing and reaping, but as I wrote, the thread seemed to be clear. I’m writing from a position where, because of hundreds of tiny actions and decisions made over the last 2 decades, I’m able to begin to start harvesting the rewards. I’m able to spend serious coin on the things that matter to me and to ease off the throttle of full-time teaching to be able to enjoy the simple pleasures that life offers.
I hope that anyone reading this who is still on the earlier parts of the journey (how I hate that word but sometimes there’s no alternative!) will see that there’s no need to get discouraged or disheartened by how long a road there seems to be in front of you.
By sowing the seeds of financial independence, learning new skills and hobbies along the way and having little projects and things to look forward to, you’re not only laying the foundations for an excellent life for Future You – you’re also enjoying your current life along the way.
Remember, the time passes whether you’re sowing the seeds or not. You might as well intentionally scatter some as you go.
I haven’t posted here in a long while. My brother isn’t doing so well – yesterday we were told that he will likely always need high care, which basically means he will never be coming home. I’m putting all my efforts into making my sister-in-law a quilt. I only have a few days until I’m back at work.
My aunt died a couple of weeks ago from pancreatic cancer. That’s brought up some stuff…
However, it’s not all gloom and doom. Ryan25 had a skin graft on the burn on his foot (total cost to us is $49 in pharmaceuticals… apologies to US readers!) and he’s doing beautifully, and my nephew, who was fighting cancer, has been given the all-clear.
I’m always interested when retired people continue writing their blogs, or when people post interviews with people who have already reached early(ish) retirement. So many of us in this space are still working our way towards the time when we can strap on our socks and sandals and skip off towards the sunset, so it gives me great motivation to hear from people who have reached the goal and can let us know what it’s like to live the dream.
Today I have a post from my best friend Blogless Sandy. She and her husband retired a couple of years ago, long enough to settle into it, so I thought it’d be interesting to hear her perspective on this whole retirement thing. The photos she’s attached also means we can literally see her perspective as well!
Here she is:
I’m Blogless Sandy, aptly named by Frogdancer because my real name is
Sandy and I don’t have a blog. Who would have thought an English teacher could
be so imaginative!
Anyway, given that Frogdancer is working her way towards retirement and I’m already there, she has asked me to write about my experience of retirement so far, a whole 2½ years of it. This all started after her post quite while back titled “Retire? But what will you DO all day?” and a discussion we had at the time about retirement in general. Frogdancer and I met 24 years ago when our kids were still babies and we’ve remained best friends ever since, so we discuss stuff a lot.
A little bit about me. I’m married with 2 adult children and 2 grandchildren. My husband and I retired to the Mornington Peninsula (about an hour from Melbourne, Australia) 2½ years ago, after selling our large family home in a suburb of Melbourne. My husband, who is 11 years older than me, had just retired. Selling our home and buying a smaller house further from the city meant I could also retire immediately. I was 56, so although not an early retirement by FIRE standards, it was still a lot earlier than most Australians manage.
I retired on a Thursday and we moved to our new home (the best house on
the Mornington Peninsula) the following Monday. When I look back I contemplate
that it could have been a complete disaster. I left our family home of 24
years, my job of 27 years, our friends and everything that was familiar, moved
to a totally new location, and all within the space of 4 days. Was I concerned?
Not at all… well, if I’m being totally honest, maybe just a little bit.
When I announced to friends and work colleagues that I was retiring and moving, the question asked most often was “But what are you going to do?” I’d never considered that filling my days was going to be a problem, but it seemed to be a concern for others. This is understandable, given we spend a good deal of our lives in the workforce with our schedule dictated by our job. Then when we are at home, for many, much of the time is taken up with raising a family and running a house. Our lives are interspersed with holidays where we get to choose what we want to do, but trying to imagine a life that is essentially one big extended holiday can be difficult.
For me, the biggest change when I retired, apart from the obvious one of not having to work anymore, was the lack of social interaction compared to working in an office environment 4 days a week. Even though we often work with people that we are not necessarily friends with outside work, we tend to socialise quite a bit at work. We usually talk with work colleagues about our weekends, events we go to, activities we participate in and just make comments about things in general. Suddenly all that was gone! It was just me and hubby! But don’t panic, it all worked out fine, without one of us doing serious harm to the other. Just saying though, it was a huge change that I hadn’t really thought about before it happened.
Fortunately for us, we’re both reasonably self-contained people who are quite happy with our own and each other’s company. For people who struggle a little with the whole being on your own thing though, it’s probably worth considering how this will impact you. You might surprise yourself and learn to love all that “aloneness”. You may discover that you’re actually damned good company and that a bit of alone time can be quite replenishing.
I liked Frogdancer’s post (mentioned above) as she was obviously considering that retirement is not just about travel and sleeping in. The day to day needs to be filled with something too and having a number of projects or interests in mind is a good start. When people asked me what I was going to do in retirement, my response was that for the first 6 months I would sleep, read, knit, take long walks along the beach, spend time with my grandchildren and explore our new location. Then once I got bored with that I would consider what else I wanted to do. Of course, I had projects and activities in mind, but my initial goal was to just unwind and treat the first stage of my retirement as an extended “staycation”. I picked 6 months as an arbitrary length of time, not really knowing if it would take more or less time before the boredom began to set in.
And there’s that word – boredom – that we all seem to be so afraid of. Now I agree that an extended period of boredom is not a good thing, but I don’t believe that short periods of boredom are all bad. After all, if you’re a bit bored, isn’t that when you start looking for something to do? I know in my life, many a good project or new activity has been kick-started by a little bit of boredom.
One by-product of retirement is that I’ve finally learned to slow down – most of the time anyway. It took quite a while to wind back to a gentler pace, but generally I no longer feel the urgency to get everything done today, not when I can see a whole bunch of ‘todays’ in front of me. Life is not lived at the same frantic pace as before and there is more time to enjoy the small moments. Interestingly too, having learned to slow down, I just don’t need as many things to fill the day. Compared to my pre-retirement life, I now feel like I do a lot of “nothing”. It’s not really that I’m doing nothing of course, but I’m going at a slower pace and enjoying more quiet moments.
I know that before I retired, I generally thought of retirement as a
fixed kind of thing. You retire, you do certain things, lead a certain kind of
life and that’s it until you’re carried out in a box. I realise now, that for
me at least, retirement is more of an evolving process. Initial retirement was
the “relax and unwind” phase. After years of raising a family and being in the
workforce that’s what I needed. There were lots of sleep-ins and idle mornings,
lots of lazing around. There were lots of days with nothing planned and lots of
spur of the moment outings. It was wonderful, but I reached a point where I
needed more than that. I’m the kind of person who functions better when I have
some kind of structure to my week and that’s what I have now.
I like the sameness of familiar activities and pastimes, but I also revel in the challenge of doing new things too. Now, 2½ years into retirement I find I’m busy, but a new kind of busy. I’m busy doing the things that I want to do. I always said that when I retired I wanted to volunteer at an animal shelter, so now I walk the dogs at a shelter one morning a week.
I also participate in a walking group one morning each week, always in a different, but nearby location. I get exercise and social interaction and get to explore the local area, all in one activity. We look after our grandchildren 1 or 2 days a week, but that has become fixed days rather than the casual arrangement it started out as. I prefer the fixed arrangement as it fills my need for structure.
I always used to speak about doing yoga or pilates but had never actually done more than talk about it. I no longer had the excuse of being time-poor, so I took up yoga about 15 months ago and currently attend 5 classes a week. Then there’s the small commitment of being a member of the local beach cleaning group and trying to combat the never-ending amount of rubbish that gets left behind or washed up on our local beach. In amongst these things are the outings, the dog walking, the bike rides, the walks along the beach, the catching up with friends, the gardening and the pottering around. Oh, and just a bit of bad news, even in retirement the housework still needs to be done!
It’s a lovely kind of life that I’ve created and I’m very content.
That’s not to say things can’t or won’t continue to change though. I feel free
to keep creating the kind of retirement I want and as time goes on circumstances
are bound to keep changing. We were only recently contemplating that before we
know it our caring commitment to our grandchildren will be reduced to just
school drops-offs and pick-ups. Then we found out that grandchild number 3 is
on the way!
I spent 12 months volunteering at 2 animal shelters and recently decided to discontinue one of the roles. I was feeling overcommitted (overcommitted in retirement! haha!!) and my role at one of the shelters was very physical and rather thankless. I kept going for the sake of the animals, but ultimately decided to focus my energy on the shelter where I feel my contribution has the most impact and is more valued. If I want to increase my shelter volunteer work again in the future I can easily commit to additional shifts at that same shelter.
As mentioned, I took up yoga about 15 months ago. I was attending
classes once or twice a week and decided about 5 months ago to make a bigger
commitment. I didn’t feel I was doing my yoga practice justice and wanted to
see how I’d feel about the whole yoga thing if I got a bit more serious about
it. So now I attend 5 classes a week and yoga is my current obsession!
After another 2½ years of retirement, my weeks may be entirely different. I may decide in the future that I want more in my weeks, less in my weeks, different or new things in my weeks. The beauty of retirement is that it’s an evolving process full of endless possibilities, limited only by what I want it to be.
So don’t be concerned when people ask you what you’re going to do in retirement and you don’t have all the answers. If you have a vague idea of some things you want to do and some interests you might want to explore, you will be able to create the perfect retirement for you.
It’s me, Frogdancer Jones again!
I really like how Sandy and her husband utilised domestic geoarbitrage in much the same way I did to free up capital that was otherwise locked into real estate. Being able to use that money to downsize and invest has shaved YEARS off her working life (and mine too! It’s 2020 – hello part-time work!!)
Something that she didn’t touch upon is that retirement looks a bit different for her and her ‘hubby’. Blogless Sandy likes a structure to her week, whereas her husband is a more ‘go with the flow’ person who takes each day as it comes.
For me, looking at how they’ve settled into their new life down on the Peninsula, it’s made early(ish) retirement seem far less risky and scary. They live life in their own ways and they’re very happy. I could do with a piece of that…
Thanks, Blogless Sandy. Enjoy your beach and your spa!
One of the best things about being a blogger is when you start to build a community. I first discovered this over a decade ago, back when I was writing about knitting and quilting with my personal blog Dancing With Frogs and I started attending blogmeets with other ‘crafty’ women.
One of the funniest times I bumped into a fellow blogger was when I was attending a two-day quilting workshop and I was talking to someone about knitting baby hats for my Etsy shop. One of the women on the other side of the table said hesitantly, “Excuse me… are you… Frogdancer?” Turns out we’d both been reading each others’ blogs for ages!
A similar thing happened when I was on a four-day course to learn how to run a team for Thermomix. Chatting away at dinner on the first night, Bee from Tick of Yum and I realised who each other way and we had a rapturous moment of recognition. Puzzled everyone else at the table but we were rapt. Here was a kindred spirit!
Last April the incredible Mr and Mrs Groovy visited Australia and came down my way. I was on school holidays and we decided to meet up for a day so I could show them around. Unlike most meetings when you have to establish all of the ‘getting to know you’ stuff, we’d read each others’ blogs so we pretty much just jumped straight into a conversation and went from there. Felt like we’d been good friends for ages.
We had such a great day. We walked along the Yarra for a while, then I took them to Doyles in Mordialloc to have lunch by the river, then we came back to The Best House in Melbourne. We went to the Backyard Beach and had fish n chips for dinner before we drove back to the city.
Mr Groovy is one of the most open-minded people I’ve ever met. We three had incredibly interesting conversations over the course of the day. I wish they lived closer.
When they dropped an off-hand comment a while ago that they missed timtams and vegemite, I thought that a little care package wouldn’t go astray. They responded with a care package of their own – a redneck Christmas.
The parcel arrived on Christmas Eve. We have a tradition at Christmas that one person at a time opens a gift, so the whole family was watching as I began lifting these exotic American foodstuffs out of the box and reading the descriptions of them. We were enthralled.
At first, we were eating the desserts and chocolates that were left here after Christmas Day ended so abruptly. But now that Ryan25 is forcing me to watch Breaking Bad from the beginning, it was time to start sampling the goodies. Instead of a redneck Christmas, it’s a redneck new year!
The Chex Mix was good. I was frightened that it’d be really sweet, because the word on the streets is that Americans add sugar to everything. But this was a nice crunchy bag of bite-sized bits that I worked my way through over a couple of nights. I googled and apparently some of the things in it are a breakfast cereal.
Next up was the Moon Pies. David26 and I unwrapped one each, then bit in.
OMG!!!! The biscuits surrounding the marshmallow (so much marshmallow!) AREN’T CRUNCHY! It was like biting into a sponge cake. In itself, that’s not a bad thing but when you’re expecting a cookie-like consistency it takes you a couple of seconds to adjust.
Of course it was sweet but not overly so. After we finished laughing at ourselves for our reaction to the soft consistency, we finished them up and agreed they were ok. There was enough sweetness to make you feel that you’d had a treat and they didn’t leave you feeling full. Definitely handy to have around when you need a slight pick-me-up mid-afternoon.
We’ve yet to try the other delicacies on offer. We have panettone here as the boys are half-Italian, but I haven’t had it for years. (I call the boys Kangaroochee’s, a mix of Aussie and Italian.)
I don’t mind admitting that the dried pork crackling makes me slightly uneasy. David26 was reading the part on the package where it says that it’s ‘great for cooking and snacks.’ He looked at me and said, “HOW could you use this in cooking???”
Safe to say we’ll be eating those bad boys as snacks.
This has been so much fun. It reminds me of when I was in the supermarket in Pyongyang, North Korea, choosing snacks to eat on the train trip home. There was nothing familiar. All I had to go on was the pictures on the packaging. This is a similar experience. “Which one will we try now??”
I thoroughly enjoyed my day with them and I hope one day to make it over to North Carolina to see Groovy Ranch in person. In the meantime, in case I feel like I’m missing out on being in the American South, I have some authentic pork crackling snacks to tide me over.
On Christmas Eve my brother Paul rang me out of the blue. It was just after dinner and I’d stopped all of my “OMG I’m hosting Christmas!” running around, so I poured a glass of wine and sat out on the front verandah and talked with him.
We spoke for maybe 20 or 30 minutes about lots of things. His son, a young dad, is undergoing chemo, my son was still in hospital with a brand-new skin graft on his foot, our Mum is in hospital ‘enjoying’ physical rehab for her broken shoulder… but we also talked about more fun things as well! At the end of his call, I thanked him for taking the time to do it because I really enjoyed it. He replied that it was good to hear my voice.
I may never be able to have a conversation like that with him again.
You see, on Christmas morning my brother had a stroke. He’s 54.
We knew Christmas Day was going to be a bit different this year, what with Mum walking around with a walker and Ryan24 being in hospital waiting to be released. I got everything ready that could possibly be prepared in advance the day before, with David26 and Ryan23 cleaning the house like mad. The next morning, I got the text from Ryan24 saying. ‘Come now. Physio’s going to be here soon‘ so I jumped in the car and raced off to Dandenong hospital. The last thing I saw when I walked out the door was Evan23 – a vegetarian – slicing the Christmas ham.
When we arrived home a couple of hours later, Christmas festivities were in full swing. Ryan24 hobbled in on his crutches, with a bandaged foot and bandaged thigh from where they took the skin graft. He has to keep the foot totally elevated for at least a week, so we settled him down at the end of the table where no one would bump his foot. Ryan23 was holding sway in the kitchen, champagne in hand, while everyone else was gathered around the coffee table enjoying the pre-lunch nibbles and drinks. I smiled. It looked like the perfect Christmas.
We were 10 around the table. My nieces weren’t there because they had to work, but for the first time ever we had a girlfriend – David26’s Izzy. Her family celebrate Christmas at night so she was able to join us. Mum and Dad, my sister Kate and brother-in-law Francis, my boys and me. Paul and Jen were spending Christmas with their immediate family.
On Christmas we always eat the main meal, then break for presents, then finish up with desserts. We were halfway through the gift-giving, where one person opens a gift at a time so we can all see what everyone gets when my phone rang. I grabbed it and slipped into my room to answer it. It was my sister-in-law Jen, telling me that she and the kids were at Monash because Paul had had a stroke that morning.
He was very lucky. He was in the shower when it happened and Jen heard the thump as he went down. Within 10 minutes the ambos were there and he was being hooked up to everything he needed to be hooked up to. He was swept straight to the hospital.
It was a strange conversation. In one ear I was hearing Jen’s voice telling me this dreadful news, while in the other ear I could hear the family laughing and joking, completely unaware of what was going on. I told Jen that I’d wait until after the gifts were open and then I’d tell them. We hung up and I went back into the room.
Sometimes being a drama teacher comes in handy. No one had a clue anything was wrong until after the last present was opened. As you can imagine, Christmas fizzled straight after that, with people leaving for the hospital immediately after hearing the news. A lot of desserts were thrown out that night…
That was 6 days ago. Paul’s speech is totally slurred. It’s major progress that he can lift his hand to scratch his chin. He had to have 2 shunts put into his brain to drain fluid away from his brain when he lapsed into unconsciousness a few days ago. It’s going to be a long road.
One thing that keeps playing on my mind, being the financial independence blogger that I am, was our conversation on Christmas Eve. I mentioned that I was dropping down to part-time next year as a glide-path towards retirement and he replied, “I can’t even think about that. I can’t afford to retire.” He laughed.
Well, no one’s laughing now.
Financial Independence and its little cousin, being Debt-Free, isn’t an optional extra if you want to have freedom and security in life. If you have to turn up to work for the paycheque, even if something catastrophic has happened to you or a loved one, then you aren’t secure and you aren’t free.
We’re coming to the end of the break between Christmas and New Years. Paul will be in hospital for at least 2 months before he goes to rehab. Jen will have to make a lot of decisions going forward, particularly in how she’ll be juggling her full-time job and caring for her husband. The decision-making would be that little bit simpler if things like mortgage and car payments weren’t a consideration.
I’m not pointing the finger at Paul and Jen. No one ever sees this sort of thing coming. But then again, that’s the point, isn’t it?
When we think of FIRE, we think of people taking back years, sometimes decades, to do the things they really want to do. We think of travelling the world, throwing away the alarm clock, going for hikes mid-week and generally having the freedom to design the life that suits each of us. We think of all the enjoyable things we could be doing. We don’t think of being hooked up to machines, unable to make anyone understand you, possibly having brain damage and having to face the possibility of never being independent again.
But isn’t that when you’d really want the freedom to make decisions that aren’t based on finances? To choose to do (or not do) things purely based on what was best for YOU, rather than what was cheapest or what enables the breadwinner to keep bringing home the money needed to keep a roof over your heads? Imagine how much stress would be lifted from the situation if finances weren’t an issue.
Seeing my brother lying in that hospital bed brought home to me the utter importance of financial security. All of these steps are talked about in the FIRE world. But it bears repeating when viewed through the lens of what has happened to Paul and Jen.
Put together an Emergency Fund of around 3 – 6 months of expenses. Then leave it alone. Don’t tap into it unless you have a real emergency. Then, if your hot water service dies or your car breaks down, top it up again as soon as possible. This pool of money is there for when the worst happens. It allows your family the time and space to gather your feet under yourselves and have a calm window of time in which to assess the situation. When something completely unexpected hits, it’s a huge shock to the system. Being able to have the time and space to regroup and begin to move forward is a huge gift to your loved ones.
Get rid of debt. All of it. People talk about “good debt and bad debt” but really… all debt is bad debt. You’ve essentially taken money from your future self to buy things that your present self wants and you’re making your future self pay extra (because of the interest) for the privilege. That’s all fine and dandy when things are going to plan. But if something bad happens? You’ve locked your future self into a very stressful situation. Be kind to your future self. Don’t do that to them. Get out of debt as soon as you can. It may not be quick. It took me 17 years to pay off my house. But the feeling of security and freedom when I made that last payment was unforgettable.
Invest. Make your money start working for you. I’ve been stony broke – hey, I wrote about it on my ‘About’ page. It took years to dig myself out of that hole, but it was worth it. Now, I’m earning more from my investments than I’m making at my full-time job. (It’s incredible. All those charts and tables about compound interest are actually true.) But the really precious thing about it is that by building up my investments, I’m giving Future Frogdancer the gift of security and CHOICES. Hopefully, the only type of choice I’ll be making is deciding which country I’ll be travelling to each year. But if things turn pear-shaped, I, or my children, will be financially able to make the best decisions for my care going forward.
Steadily working on these steps is the smart thing to do. They range from short to long-term goals but in the end, the time is going to pass anyway so I figure that you may as well give yourself some financial stability and freedom while the years go by. Speaking from the vantage point of my mid-fifties, I’m extremely grateful to Past Frogdancer that she didn’t lose sight of the overarching goal of providing a secure base for the family as the years went by.
Financial Independence is a wonderful thing to experience when you’re young and healthy. The world is your oyster and you can live it to the full. But I think that Financial Independence really comes into its own when things don’t exactly run to the plan and you’re backed into a corner by circumstances you can’t control.
When the sh*t hits the fan, the last thing you want to be concerned about is scraping together enough money to pay the bills. That’s the ultimate reason that working towards being financially independent is an essential thing to do.
Financial stability matters. It matters a lot. Please think of your future self and work to make things easier for them.