Financially Independent, Retired Early(ish) at 57.

Category: The ‘why’ of FI. (Page 26 of 28)

The daytime people…

I chucked a sickie the other day.

It was a Grammar Monday, so the kids would be working from their grammar books, which is easy for another teacher to set up. I had Things To Do that I’d been putting off, so it all seemed right. Plus the meeting that was scheduled to start at 7 PM that night might have had a little to do with it.

Every time I take a day off, the same thing astounds me.

The number of people.

People walking, people shopping, people sitting in cafés as if they have a perfect right to be there.

It’s insane. How can so many people not be working?!? Don’t they realise that everyone should be locked up in an office or a school somewhere, earning a living?

It’s funny how quickly your paradigms change. A couple of decades ago, I was one of these strange people who could roam at will during the daylight hours. I was at home with my four boys and I didn’t start working again until Evan5 was at school. It was perfectly normal to go to the supermarket in the middle of the morning, or visit a friend for coffee and a chat in the afternoon. We’d visit the park on sunny days with never a thought for people stuck inside, working.

Now, after 15 years of being in the classroom?

The paradigm has completely shifted the other way. Now it seems perfectly normal to be unavailable to the outside world from 8 – 4. The Real World is right where I am and any awareness of an alternate way of living is pretty slight.

Sometimes, when I’m teaching upstairs in ‘A’ Block, I’ll stand by the window and see someone casually walking down the street, seemingly without a care in the world. Or I’ll see one of the neighbours serenely working in their garden.

It gives a little jolt to my brain. It’s a reminder that life doesn’t always have to be like this. People can and do live their lives on different rhythms than the traditional 9 – 5 work day.

It’s a reminder that one day I’ll be one of those people.

Blogless Sandy, my best friend, has paved the way a bit for me with the whole retirement thing. She and her husband retired nearly two years ago and it’s interesting to hear about the patterns of their days. They’ve chosen to delay any travelling while they still have their old dog with them, so their days are very much ‘in place’ with nothing tying then down except the things they’ve chosen themselves to include.

I had no idea there was so much on offer for people to do when they “should” be at work. It’s almost outrageous! Blogless Sandy gallivants around doing bushwalking, yoga, picking up litter on their beach, walking dogs in shelters, while her husband has picked up some art classes. They have a couple of grandchildren and they look after them a couple of days a week while their daughter picks up teaching work.

They’re on the peninsula, so they regularly choose a winery and they go and enjoy a leisurely lunch. Because they are there in the middle of the week, they have conversations with staff who, on the weekends, either aren’t rostered on or who are too busy with the massive influx of Melbournians who make the drive down to enjoy their limited weekend fun time.

A few months ago they were lunching at Montalto, where the restaurant uses produce from a large kitchen garden.

After lunch, there was no pressing need to go home straight away. Their time is their own. They went for a walk around the kitchen garden and struck up a conversation with one of the gardeners. They were looking at all of the heirloom vegetables that were growing and talking of all things gardening. At the end of the day, they went home with some heirloom bean seeds from the garden that the gardener gave them. Without the leisurely time and space that they had, that encounter would never have happened.

I’m writing this on a Sunday. It’s nearly 9:45 AM. It’s a glorious sparkling summer’s day. In a second I’ll pop the dogs’ leads on and we’ll go for a gallop. This time tomorrow, I’ll be telling the kids to start putting their grammar books away because the bell is about to go. When it goes, all 28 kids and myself will leave the room and go on to our next class.

The weather will still be the same. The dogs and their leashes will still be here. But I’ll be 27kms away, writing a Dad joke* on the board and telling a new batch of 28 kids that it’s ‘Grammar Monday – open your books to the next unit.”

*sigh*

How strange to think that one day soon(ish), if I keep doing the things I’ve set in place, I’ll be able to do whatever I want on a Monday. How strange to think that I’ll be able to stride around in the daylight hours with confidence and surety, instead of scuttling to the doctors pretending to be sick, just to get a medical certificate for work. Stranger still to think that one day, it will all seem perfectly normal, and that my memories of the classroom will slowly fade.

The world outside work, in the daylight hours, is one that we workers tend not to think about a lot. But it’s there. It’s teeming with life, with sunlight and opportunities.

Every now and then, maybe it’s good to chuck a sickie just to be reminded.

*The Dad joke for tomorrow is: I’ve been reading a horror novel in braille. Something bad is going to happen – I can feel it!

Create – don’t simply consume.

When I was 7 my Gran taught me how to knit. I still remember the wool she used. It was bright red. Gran’s hands moved effortlessly as she showed me what to do, while mine wrestled incompetently with the wool and the needles. We were in the dining nook, she was to the left of me, while Mum was in the kitchen, where she could keep an eye on what was going on without being in the way.

My brother and sister weren’t interested in learning, but for some reason it stuck with me and I’ve been knitting ever since. 

Years later, long after Gran died, Mum and I were talking about her, and Mum said something that I’ve never forgotten.

“Mum said to me, when I left work to have you, that I needed to learn a skill,” she said. “Something that I could point to at the end of the day and say, ‘That’s how I spent some time today’. Something that will LAST. When you’re a young Mum at home with kids, so much of your time is spent on work that will need to be done again tomorrow, and the next day, and the next. It’s disheartening. You need something you can hold in your hand and know that it’s not going to go away any time soon. You need something for YOU.”

Gran’s ‘tangible thing’ was knitting. Mum’s was sewing. Many’s the time I’d hear her swearing at the sewing machine when I was a kid. She made our clothes, but she also made aprons and other things for sale. She sewed the curtains for our family room and dabbled with embroidery as well. 

These women from the past were motivated in part by frugality – back then it was cheaper to handmade clothes, not like today! – but they were also satisfying that innate human urge to create.

Maybe this is why so many people in the FIRE movement are drawn to blogging? Many jobs are essentially the same as being at home with children. Every day the kids need feeding. You can’t cook the perfect meal and say, “Nailed it! I never have to do this again! Behold my perfect meal!” 

Or you vacuum and dust the lounge room and it looks terrific. “Hooray! I never have to clean this room again!” said no-one ever. It always has to be done again.

It’s the same with our jobs. We pitch the perfect proposal/write the most wonderful report/teach an amazing lesson and we feel great… but it all has to be done again tomorrow. And the next day. And the next day. There are few jobs, particularly in office environments, where the work you do today is still around years from now.

No wonder people get burned out.

So much of the advice about retiring early revolves around the money, but there’s also that recurring advice of “You already know what you’re retiring FROM. Work out what you’re retiring TO.”

I don’t think it’s a coincidence that many early retirees find that they’re drawn to work that they do with their hands. Creativity is deep within the human psyche and making something appear that would never have been there without you is deeply satisfying. Once people free up the hours each day that were once spent commuting and working, it’s not surprising that many are drawn to scratching that creative itch that was left neglected for so long.

So here’s the crazy idea – what if you built in some time before you leave work to develop these skills you’re drawn to?

Surely it’s got to make the time we spend between finding out about FIRE and finally being able to pull the pin on the job a little more pleasant. Learning how to work with your hands, or practising a skill like songwriting or sketching doesn’t have a time limit on it. It won’t matter if you take a year of weekend/after work time to master a basic skill, or 2 years or 10. Who cares? You’re doing it for YOU. There’s no ‘Skillz Boss’ looking over your shoulder.

I’m guessing most people would already know what they’d spend creative time doing, but some people may not. Sometimes it takes thinking outside the box a little.

For example – what if you really love cooking? Each meal or dessert you make gets eaten and enjoyed, but you might feel there’s nothing tangible left for YOU. What about putting a book of ‘Family Favourite’ recipes together? Or maybe a collection of ‘Incredible Dessert’ recipes or ‘Excellent Meals to bring to Pot-Lucks’ to give to your friends? That’s creative.

What if you enjoy playing an instrument, but you have zero interest in songwriting? I live with musicians and I know for a fact that it’s never been easier to record yourself and create a video or (if you want to delight your Mum) make a CD of you playing your favourite songs. You don’t have to write your own songs to be able to create beautiful music that makes people feel good.

Me? Obviously, I have my blogs, but I also knit small, deliciously soft cowls and hats for people, made from skeins of Peruvian alpaca wool hand-dyed by virgins in large kettles over open fires. (If you believe the advertising.) I have a queen-sized quilt on the go for Tom27. The squares are 2.5 inches each, so he’ll probably be known as Tom58 by the time he gets it. I write the (very) occasional poem. I garden.

It’s too easy to get lost in spreadsheets and projections with hideous Maths and numerals when we’re racing towards FI/RE. Every one of us needs to nurture that little creative spark within us, so that when we reach FIRE and we can choose to spend our time in whichever ways we want – we actually have a few clear desires to follow.

No one wants to be that persnickety guy in socks and sandals worried about those pesky kids coming onto his lawn. If we’re putting in all this work to reach our personal freedom, let’s be running TOWARDS something that will give us joy. Life’s too short to die wondering.

Let’s find out what we enjoy and get going on actually enjoying it. Could be fun…

The FIRE Quilt.

It’s funny how the things you see every day, without really noticing them anymore, can suddenly hit you in a different way.(

This quilt lives on my bed during summer. I made it at least ten years ago, back in the days before my side-hustle of selling thermomixes stopped me quilting. 

Being slightly frugal by nature, I liked the idea of using scraps that most people would throw away to make a useable-sized quilt, so as I made other quilts, I’d save the tiny scraps. Every now and then I’d have an afternoon where I’d sew these scraps together into squares. Each square is 5″. (I know it’s weird to talk in inches, but that’s what quilting deals with, probably because so many Americans do it, those wild and crazy people!)

Some of these scraps are only 1/4” wide. I liked the idea of randomly coming across a sliver of material and making it part of the larger whole. Most strips are wider, but few are wider than 1”. I wanted to use the scrips and scraps and create a riot of colour. 

This quilt was definitely a long-term project. It took me 9 months to complete. Yes, it was the baby I made when I didn’t want to make a fifth actual baby!!

I didn’t buy any extra fabric for this one; I just used what I had. This means that there are recurring fabrics throughout, but no square is the same as any other.

The funny thing is that you could point to any strip in this quilt and I’d be able to tell you where it came from. The doll quilts I made and sold on Etsy to try and earn some money when I was stuck at home with the kids. The quilts I made for the boys with a sewing machine I borrowed from Blogless Sandy, because I couldn’t afford to buy one for myself. The quilts I made for friends and for my family. The quilts I made for David25’s friends who supported him when he was a teenager and dealing with debilitating depression. They’re all there and I remember them.

It occurred to me this morning that our collective hike towards FI/RE is put together a little like this scrappy quilt. 

We begin with the big picture in mind. A life free of any commitments that we don’t want to do. A life where we can build our days as we please. 

But there are So Many Days between when we find out about FI and when we reach it. 

On its own, each day seems insignificant. Just a scrap of time, neither here nor there. We move through our days, sometimes almost sleepwalking through them as the day-to-day routines swamp us. We realise this is happening only when the end of the month comes as a shock – “Where did February go?!?” – or “OMG!! Christmas is nearly here! How did that happen?”

And yet, every day is a strip of time that’s building a bigger whole.

I have to admit, I get impatient when I think about retirement. I like my job but it seems that my days of freedom are so far away. My job and the commute become irritants which are standing in my way of living how I want to live. A little bit of this thinking is good, because it keeps you moving towards your goal. Too much of it, though, isn’t good. It sucks the fun out of life.

I think that the whole concept of FIRE appeals to long-term thinkers. We’re really good at focussing on the far-away goal and moving towards it. This is a terrific trait, but we run the risk of letting it ruin the very thing we’re striving for – improving our quality of life.

Certain sacrifices need to be made in order to reach the over-riding, lofty goal. But just like the quilt, the goal won’t be reached without every strip of time being included in it. What a waste if all we do is focus on the future!

No one on Earth has a quilt that is the same as this one. 

Do I need to make the obvious comment about our lives?

Make each strip count. Do something every day – no matter how small – to bring a smile to your face. We all have a ‘FIRE Quilt’ – it’s just that mine is lying on my bed and yours is your life. On the way to bringing your ‘quilt’ together, take the time to let those colours sing.

****** For those who’d like an update on how Scout is doing after her brush with death, I wrote about her on my other blog.

Here she is, looking sleepy, but alive.

Full Circle.

Something happened on the second-last week of the holidays and I’ve been thinking about it ever since.

I was walking the dogs around the block. It was mid-morning and for some reason we had left it too late to go to the dog beach. We rounded the corner near the primary school and there was a woman sitting at the bus stop, talking on her mobile.

“Yeah, I’m on my way home,” she said as we passed. “I was volunteering but it’s finished now.”

I glanced at my watch, thinking, ‘It’s only 10 o’clock. How could a job be finishing up now?’ I shrugged and then kept walking. The sun was shining and the dogs’ tails were wagging. It was all good.

As we walked further up the street, an elderly lady and her son were walking towards us, pushing a trolley loaded up with boxes of fruit and vegetables. I could see that they were commenting about the dogs, so as we got closer I smiled and we stopped to exchange a few words. Her son looked to be in his forties and he had Downs Syndrome. He was torn between being taken with the dogs and worried that they might bite. His mother, who was clearly his carer, reassured him and we talked briefly about the dogs, then we moved on again.

As we kept going, there were another couple of people walking towards us, also loaded up with bags of what looked like shopping. I thought nothing of it and kept going up to the corner, where the church is.

As we got closer I could see people coming in and out of the church hall. They were wheeling shopping trolleys in and carrying boxes full of food out. It was a hive of activity in there.

This was on a Thursday morning, when I’m usually at work.

A woman and her husband were coming along the path towards us, so I pulled the dogs in beside me to let them pass. The woman stopped and after the usual compliments about the dogs, said, “Do you know what’s going on in there?”

When I shook my head, she said, “They’re giving away free food!”

I glanced towards the church. “Really?”

“Yes. It’s so wonderful. My son is starting year 7 this year so we’ve been buying books and uniform and paying the school fees… it’s so expensive. I was worrying about how we were going to pay for everything, but look at all this!”

She gestured to the boxes of produce that her husband was carrying.

“This takes all the pressure off. And guess what’s in this?”

She patted the tartan shopping trolley that she was pushing.

“It’s FULL of lunch box snacks! Like LCMs and Uncle Toby’s. I won’t have to worry about school lunches for ages! You should go in and have a look.”

I laughed and looked at the dogs. “I don’t think they’d like it too much if I brought the dogs in with me!”

She urged me to go in again, then she found out I was a teacher and we talked about starting secondary school She was nice enough to thank me for being a teacher, which (to be frank) is a bit of a novelty. Most people whinge about the holidays we get, especially at this time of the year!

As we headed towards home, I could see quite a few people heading for the church, shopping trolleys and bags in hand. If I hadn’t have talked with the woman outside the church, I would never have noticed them.

I didn’t go into the church to grab some free food, because it wasn’t put there for people like me. I have a full-time job, my kids are grown and I’m financially secure. But my head was spinning.

Because you see, it wasn’t so long ago that it would have been for me.

Back when I was at home with my 4 small boys, money was tight. I was watching every penny like a hawk and it was definitely on the cards that if something went wrong financially, I could lose the house and the kids and they would lose that security. It was incredibly stressful.

Then, one day my Aunty Doris asked if I’d be interested in getting free bread every week. Her brother-in-law was a member of a church that sent people to pick up everything that wasn’t sold at a gourmet bakery in East Brighton and then deliver it to people who needed it. The Tuesday night woman couldn’t do it any more and he thought of the boys and me. I couldn’t believe my luck!

We went to that bakery every Tuesday night for the next 14 years. We’d drive into the laneway at the back of the shop, armed with 3 or 4 empty laundry baskets and lots of plastic bags. It wasn’t just bread – there were cakes and buns, pies and pasties… it was a lucky dip every week.

The boys ate a LOT of bread growing up. Every Tuesday night was pie night. We’d eat whatever hot food was there. We grew very tired of pies and pasties but I insisted we keep the tradition going. That was a night where feeding the 5 of us didn’t cost me a cent!

It was a crazy thought that we were so poor, yet we were eating the same bread as the “rich” people in East Brighton. Some of it was your ordinary white loaves, but mixed among that was the BEST rye bread and gourmet wholemeal seedy loaves that I’ve ever eaten. Nothing better than a chewy crust of rye bread with lashings of butter. Now that I’m writing about it, I really miss that rye bread…

After a few years we bought chickens. Every Wednesday was bread day for the chooks, which saved me a day’s worth of pellets. The neighbourhood birds soon got to know our backyard – it wasn’t an unusual sight to see a raven flying away with a Boston bun in its beak and sparrows snatching dinner rolls and squabbling over them.

Every week, I’d pack the leftovers from the bakery into different laundry baskets, depending on who was going to get the contents. At first, when I was home with the kids, there was our basket, Mum’s basket, and then various friends who’d put their hands up for free bread. Later on, the chook basket, for the food that wasn’t as pristine. Then, when I went back to work, there was the school basket. Every Wednesday morning I’d walk from the car to the common room, basket loaded up with loaves of bread and all the cakes and buns. People loved that they had a free morning tea every week and that they could take home some bread to use for toast.

When I bought The Best House in Melbourne and moved 50 minutes away, I knew the bread run had to come to an end. I tried it once and the trip home at peak hour along Nepean Highway was awful. I didn’t get home until 6:30. There was no way I was going to make my Tuesdays that long and I knew that times had changed. Although I was paying over 70% of my takehome pay in bridging finance, I knew that we’d be able to survive without it. It was time to pass the baton to someone else.

I walked away from my conversation with the couple outside the church and my eyes widened as I started to recognise how far the boys and I have come. She was once me, with all these bills to pay and barely enough money to keep things going. Once, there is no way I would have walked away from that free food! I would have tied the dogs up on the fence outside and dived in, desperate to save some money so I could put it towards uniforms, bills or servicing the car.

Instead, the dogs and I quietly walked home, seeing the other people clearly making their way towards the church hall. Some were young mothers pushing prams, some were older people and some looked like they’d clearly had a hard life.

I opened the gate to The Best House in Melbourne and brought the dogs inside and bent down to take off their leads. I stood up and looked at my beautiful, fully-paid-for house and I sighed a deep sigh of thankfulness that things have ended up as they have.

I kept my head together and didn’t waste anything while we were struggling, whether it be free bread, donated kids’ clothes or my teaching degree. We were very fortunate to have had help along the way, such as the bakery run and we didn’t squander it. I will be eternally grateful for the impulse that led that man to offer the Tuesday night run to the boys and me. It was a huge help when we were struggling and it also taught the boys about spreading our good fortune by sharing with others.

But the thing I’m now most grateful for? When I looked at that excited woman who urged me to go on and get some of this miraculous bounty for myself and I felt nothing but a calm certainty that this generosity was not for me. I can safely leave it on the table for others to use.

I’m not used to the feeling of financial security. It’s lovely.

Today and tomorrow- compare the pair.

Today is the Australia Day public holiday, which to all teachers is The Last Day of the Summer Holidays ( aka day of mourning). The dogs and I slept in till 8 AM, then I took the pups down to the dog beach for the last weekday walk here for a long time.

Keep in mind that when we set foot on the beach it was around 8:30 AM. This time tomorrow, I’ll be sitting in the lecture theatre with the rest of the staff, listening to our principal start off the new school year. There’ll be talk of tirelessly working for the benefit of our students, OH&S reminders, lots of talk of pedagogy (which is just ultra-boring education jargon) and exhortations to keep the standards high, watch uniform infringements and reminders of all the meetings we’ll have over the next two days before the kids come back.

The weather outside will be just like this…

The beach was packed. Every (wo)man and their dog was there. We were all enjoying the moment. Maybe I’ll be doing the same 24 hours from now, but I’m hazarding a guess that it won’t be to the same extent.

It wasn’t too hot, but the bigger dogs were already enjoying the water.

One of them was enjoying the water WAY out with his paddle-boarding owners. See his head bobbing along after them?

Everyone was taking the chance to get their feet wet and enjoy the public holiday.

The saying that people grow to look like their dogs sprang to mind when I saw this guy and his staffies. He looked as if he was trying to blend in with the pack.

Scout gets hot on walks when the temperature goes above the mid-twenties. She’s also a magnet for every single dog on the beach to come up and sniff her. She started to stop, refusing to walk with us.

This is what she did when I insisted. Short of dragging her, there was nothing I could do but wait for her. It’s lucky she’s so cute.

This dog’s owner was holding a tennis ball. I had to hold Poppy’s collar so she wouldn’t go in and try to get it. She wouldn’t win the battle for the ball with a staffie!

Action shot.

In Australia, even our sandcastles have nasty creepy-crawlies in them. Can you see it? Someone has a sense of humour!

Soon, like these people, it was time to turn around and head for home. The day was starting to get warmer and all dogs had to be off the beach by 10 AM.

I said goodbye to all this blue. It was around the time where, in 24 hours, the meeting would be finishing and I’d be heading back to my desk to get things ready for the classes I’m taking this year.

When we got back, I made a China Jasmine tea in the cup I brought back as a souvenir from South Africa. Tomorrow, it’ll be back to the “World’s Greatest Teacher’ mug at school.

(Well, I won’t say it isn’t wrong… Who am I to argue against a mug?)

I’m going to miss spending lazy days with this little crew. Summer school holidays in Victoria run for a little over 5 weeks. This year, I spent the whole time at home.

I didn’t do anything momentous. I spent time with my family over Christmas especially and I saw friends a few times. I pottered around the house and garden, getting a few things done and I read 15 books. I caught up on some Netflix series that I’ve been meaning to watch and I made sure to keep up with the chart I started to try and be more productive. I swapped this site to a self-hosted one and did a lot more writing. I also napped. A lot. Last year at work ended up being pretty tiring for some reason.

Basically, I lived these 5 weeks as if I was retired and it was a normal stretch of time at home.

Was I bored? Not at all.

I guess this ‘beachy’ post is my ode to summer. I’m not sure when the life I’ve been enjoying these last 5 weeks will become my retirement life, but I know that I’ll enjoy it when it comes.

Oh! And if you hear a psychic scream of anguish at about 7 AM tomorrow (Tuesday) morning, Australian Eastern Standard time, you’ll know that I’ve just hopped in the car to come to work.

I love my job, but as I get older I’m valuing having control over my time more and more.

How do you GROW wealth?

Gardeners have a lot in common with investors. We both need to have a long-term view and the paths to success in each field are very similar.

Here’s where most people start off their financial lives: complete and utter devastation. They’re either starting from $0 if they’re lucky, or they’re in debt for credit cards, mortgages, student loan and cars. Some of us start the journey to FI early, but most of us start later in life.

This photo is an accurate representation of my financial life the day I left my husband. I had $60 cash, a 100K mortgage and 4 boys under 5. Like this snap of my backyard, it wasn’t a pretty picture.

These shots were taken after the first day the landscaper started. He dragged out the overgrown hedges and chopped down some trees. The white planter pot you can see in this picture had a lime verbena plant in it that I’d let die from neglect. I simply wasn’t paying attention. Basically, just as some people put their heads in the sand and try to ignore the devastation of their finances, I did the same with the yard. But once you face up to it, it’s time for a clear-out so that the work can commence.

Once your financial life is laid bare and there are no more surprises – (like that blue clamshell toddlers pool we found lurking behind the shed – who knew?!?) – it’s time to sniff out where you want to go from here. Poppy is demonstrating.

The new backyard is designed to give Old Lady Frogdancer as little upkeep as possible when she’s all old and rickety. Just like how I want her investment portfolio to be like. No one likes weeding, whether it be actual weeds or looking at bad investments.

The brick paving, all fully grouted in so that no weeds will sprout up, is the bedrock of the whole yard.

Education is the equivalent when we’re talking about our finances. When I was younger I had the whole ‘no debt’ thing down pat, but once I paid off the mortgage on the old house I was elated for about 3 weeks. Then I realised I knew next to nothing about retirement.

I discovered the Barefoot Investor and very shortly afterwards I stumbled onto the FIRE blogs. I read everything I could lay my hands on and learned about superannuation and investing.

On the upper level of the yard are 5 wicking beds. These are garden beds specifically designed to have a reservoir of water beneath the soil that the plants drink from. Excellent for drought protection… or, in financial terms – when the SHTF. You want to set things up so that your investments will enable you to sleep at night, even when times are tough.

This is where you start setting up some automated payments. You arrange to salary sacrifice. You open a brokerage account to start putting a share portfolio together. You might start researching where to buy a rental property. You keep reading and asking questions.

 

It’s all beginning to look fairly organised, isn’t it?

But it’s a bit bleak and stunted without any green stuff. This applies for both the gardening and investing metaphors.

Time to start planting!

And planting. And planting. In this case, columnar apple trees, with lavender to bring the bees.

With investing, you start buying shares or making regular payments into a managed fund. You might decide property’s your thing and so you start saving every payday for your first deposit.

The point is that you keep on planting and planting and planting. It becomes a habit.

Initially, you trim the budget to find some excess money. You’re able to plant more seedlings – and if you’re sensible, you make sure they’re heirloom plants so you plan to save the seeds and plant for free every year after this one.

This is a little like planning to re-investing dividends into buying more shares, rather than taking the money and running. Or planning to take rental income and use it to pay off the mortgage faster.

You hear about the damning effects of lattés and avocados on financial success, so you stop wasting little amounts of money and you add what you’ve saved to your accounts. Every little bit helps!

But a garden can’t grow without good soil. You start to look for ways to add to the health of your plants. Using the things you have available at home, you begin digging coffee grounds, tea leaves and eggshells into the soil and you begin composting.

But how can you keep adding more to your investments once you’ve trimmed the fat from your living expenses?

You look around at work and see that there’s a lot of compostable things that are being thrown away, so you arrange to bring them home. You value-add from your job, finding ways to accumulate more from your work to add to the things that you really value.

In a financial sense, if you have a job that allows paid overtime, you start picking it up. You go for a promotion. You make your job work harder for you and you pump what you make back into your investments.

After a while, you look outside your property for things to help you grow your veggies faster. You buy some worm farms, (freaking people out at work when you have them delivered there), and put them on the garden beds. It won’t be a quick fix, like winning the lottery, but over time the worms will improve the soil.

Sounds a bit like a side-hustle, doesn’t it? Most side-hustles just bring in a few extra dollars, but everything helps. I tried a few different things, mainly on Etsy or tutoring, but it was my side-hustle as a thermomix consultant that seriously accelerated our path to financial freedom. I paid off my original house YEARS earlier, as well as paying for a decadent 9-week trip to Europe and the UK.

You still live your life. No one can stay in a garden or in front of a spreadsheet their whole lives unless they want to have a life not worth living.

Go to that beach with your family!

Chase that ball! Bark at those seagulls!

Enjoy the little things along the way.

Then, after what seems like a long while, you begin to see results! Apples!

The first income from your hard work begins to trickle in. Whether it be dividends or rental income or your superannuation account starting to climb, it doesn’t matter. Your heart sings.

You keep plugging away. As time goes on, your garden (and investments) become ever more fruitful.

Not everything will go your way. These celery plants were put in last September. They haven’t grown since and are turning yellow, and just towards the back of the wicking bed, you can see a dead snow pea plant. Also, see the spring onions? They should be ready to eat by now, but they are the size of toothpicks.

This can be disheartening. Some people start a garden, run into things like this and give up.

Obviously, there are times where the stock market loses value and your net worth goes down. The real estate market may soften, as it’s doing at the moment, or you may have damage from tenants. If investing was guaranteed to always make money hand over fist every year, then everyone would do it.

But investing is for people who are in it for the long haul.

Even in the lean years, there’s room for optimism for the future.

These potatoes weren’t visible above ground once the plant died off. But underneath the surface, they were still there, quietly growing.

The garden has surprises, just like the market. Sometimes you don’t get what you expect. See those purple beans? Pop them in boiling water, walk away and when you come back – they’ll be green.

Over time, as your knowledge about the ebbs and flows of the seasons grows and you keep adding to the soil, your garden will reward you.

And just like your investments, you can save the produce/profits for the future. These bags of zucchini are bound for the freezer! Future Frogancer will be enjoying the results of Present Frogdancer’s work.

With regard to your finances, if you keep treating your money like a garden, by the time you’re ready to retire you’ll be like these girls!

via GIPHY

A pungent reason to work for Financial Independence.

Today I woke up early, mainly because Jeffrey shut himself into my walk-in robe and was trying to get out. It was almost like he knew how hot the day was going to get and he was searching for the ice and snow of Narnia. There were weird noises and Scout was sniffing under the door at him. When my feet hit the floor at 6:30AM, it was already 33C/92F.

As my 4 long-term readers know, this year I’m experimenting with a chart to try and develop productive habits that I want to continue. One of the columns on the chart is to walk the dogs. If I was going to be able to do this, I had to get going pretty quickly, before the footpaths got so hot that they’d burn the pads on the dogs’ feet.

After I downed a 16 cent coffee and the dogs had their chicken necks for breakfast, we set off. Little Scout gets hot really quickly, so it was only a 5-minute walk around the smallest block. The day was already worrying. The wind was howling and the air was gearing up to be like it felt like an hour later – exactly like stepping into a fan-forced oven. It’s bush-fire weather.

By 9:30AM I had walked the dogs, watered the garden and harvested some more beans, cleaned the kitchen and read a couple of chapters of the Tess Gerritsen I’m reading at the moment. 4 columns down! Winning!

Then I had a 2-hour nanna nap. This heat is exhausting. I’m just glad that today is still in the summer holidays. If it was next week, I’d be trapped in classrooms after lunchtime with 28 sweaty teenagers.

Or almost worse… 28 teenagers who believe in ‘The Lynx Effect’ and are awash with synthetic fumes.

Now THAT’S a reason to focus on FI/RE, if ever I’ve heard one!

FI = Choice in how you spend your time.

We’re really extremely fortunate to live in the time and places that we do.

Izzy’s leukaemia is very treatable. Twenty years ago it would have been a death sentence, said her specialist. She would have had to undergo bone-marrow transplants and chemo. But now? Assuming that her bone-marrow biopsy doesn’t have any nasty surprises, all she’ll have to do is to take a pill every day for a few short years and then she should be fine.

Amazing news. We’re all very relieved.

This shot is from this morning’s beach walk with the dogs. It was around 9 AM, about an hour before it started to rain. We’re allowed on the beach with our leash-free dogs until 10 AM in the summer, so there were plenty of people with the means or the opportunity to sneak a walk in with their dogs.

Lots of pure-bred dogs, ranging from Labradors, GSDs,  and Greyhounds right down to a pair of Scottie dogs, a couple of Pugs and an irascible Pomeranian, with a sprinkling of mixed-breeds running around. Everyone was in a good mood, and how could we not be? The smell of the sea was in the air, it was warm and the dogs were all having such a good time. Every time we passed people, we’d nod and exchange a few words while the dogs investigated each other, tails wagging.

Lots of retired people, with a few people on holidays such as my good self, with some kids enjoying the freedom of the summer holidays.

Soon, alas, I’ll be in a classroom at 9AM every Friday. By then, I will have called the roll, let them check their emails and then we’d be just starting the 10-minute silent reading or writing that I start the classes off with each period. Probably by 9:10 AM, just as Poppy, Jeff, Scout and I were setting foot on the sand, I’d be getting the kids to put their books away and we’d be starting the lesson.

It’s little things like this that keep nudging me on the road to FI/RE. There’s no real pleasure in reflecting that this will be me in a fortnight:

Working towards FI? You’re really working towards being able to choose how you spend your time.

Me?

At 9 AM every Friday, I’d rather be looking at this:

All … or nothing at all.

I’m pretty much an ‘all or nothing’ sort of person.

When I was two years old I was scared of dogs after I was bitten by one. Mum and Dad adopted a puppy when I was about seven to get me over the fear. It worked. When I was in my twenties, before I had kids, I bred and showed Cavalier King Charles Spaniels for years. I had MANY dogs. Poppy and Jeff are descendants of the dogs I bred.

I wasn’t all that fussed about having kids. Then I made four of them within five years.

I thought I might like to try and make a quilt. How hard could it be? It’s only lots and lots of straight seams, right? Literally twenty-seven quilts later… (and I even made one that had circles on it.) 

Someone suggested I grow veggies to save money. Then my son grew very ill with depression and I thought that organic fruit and vegetables couldn’t hurt and might help. By the time I sold the house, I had well over thirty fruit trees and over 35 square metres of vegetable gardens. I had plans drawn up to grow a food forest in the front yard.

So you can imagine that when I dig my heels in and purchased Scout, my family was worried. But so far, I’ve been good. There’s still only one miniature wire-haired dachshund living in The Best House in Melbourne!

I have a new rule for clothes shopping. I don’t buy it if I don’t love it. We all have things that we bought because we thought they were ok, but they were so cheap!!! Then they live in the dark recesses of your wardrobe, barely if ever seeing the light of day, until they get donated five years later. Not so cheap if you don’t actually like them enough to wear them, right?

I’m VERY all-or-nothing when it comes to clothes shopping. In 2013 I was a thermomix consultant and I earned a free trip to Hong Kong. One day some of us took the train to the border and we went shopping in Shenzhen, China. I came back with fifteen dresses, jewellery, ugg boots that I still wear as slippers to this day, woollen jumpers and who knows what else? I could barely close my suitcase and I learned the lesson that you should ALWAYS buy a suitcase with wheels. However, I’ve barely bought any clothes since. I’ve been happily wearing my Shenzhen wardrobe.

In fact, I did my figures for 2018 on New Year’s Day. Last year I spent a grand total of $35 on clothes, mostly on a jumper and some t-shirts for the North Korea trip. The year before it was $0, unless you count $30 to get a pair of Aldi boots resoled. To be fair, this was when we were living through the bridging finance, when 54% – 74% of my take-home wage was going to the 750K loan on The Best House in Melbourne. Money was slightly tight.

However… this frugal heaven can’t last forever.

I may have run slightly mad over the last couple of days. Clothes will definitely last if you look after them, but they don’t last indefinitely. They get faded, stained or damaged. Shoes are durable, but eventually, they get scuffed and tired -looking. For the last couple of years, no one at work knew if Frogdancer Jones was going to turn up looking presentable or if she’d turn up looking as if she’d pitchforked clothes from the rag bag onto herself.

It was time to turn my attention to my attire.

I’m now the proud owner of five pairs of new shoes. Two pairs of flats have yet to arrive in the mail from Scarlettos, while I bought these beauties today. I used to walk past the shop for years and glance at the displays, but never even go inside, because I knew I couldn’t afford them so why go in and look?

The black boots are obviously for winter, though I wouldn’t be surprised if I wear the $60 Aldi boots for the fourth year. After all, they’ve been re-soled, right? Waste not, want not!

But today, I was primarily looking for clothes, particularly tops to go over the Bali pants Mum and Dad brought back with them after their last holiday. I thought I’d buy about 5 new casual tops that I can wear for work. Nothing too drastic…

But no one told me that stripes and linen were back in.

And – wait for it….. stripey linen.

OMG!

I wandered into David Jones all unaware of this fact, and staggered out of there under the weight of many shopping bags, $800 poorer but with a new wardrobe that will make me look GORGEOUS! I was lucky that the Christmas sales are still on, but just between you and me… I’d have bought most of these things without the sale. Remember? I don’t buy clothes I don’t love.

Speaking of that, there’s been a site I’ve been stalking for two years that has clothes that I adore. Unfortunately, they’re mainly made for stick-thin people, but they have wraps and coats that cater for portly frames like mine. I haven’t bought a thing from them for two long years. I kept looking at their emails, then deleting, saying, “No. I’m not ready yet.”

However, it’s possible I may have spent the first day of 2019 buying  $400 worth of swishy and drapey outer-wear for autumn and winter from them. I guess I’m now set for clothing for the next few years. Woohoo!

I’m already aware that this time next year, when Future Frogdancer Jones is going through the figures for 2019, she’ll probably be wincing a bit. I’ve spent an inordinate amount of money on clothing and shoes this week.

But you know what?

I’m really looking forward to hearing what the beautifully dressed women in The Danger Zone* will say when I keep turning up in wonderful clothing, day after day after day. After day. (Yes, I did run a little crazy…)

I’m looking forward to walking into my wardrobe after my shower in the morning looking forward to creating my outfit for that day, instead of thinking, “Ok, what’s not in the wash? What can I get away with wearing?”

I’m looking forward to finally wearing clothes that look like ME, instead of clothes that are old and were always bought with an eye for price rather than anything much else. Those clothes are a real downer to wear when that’s pretty much all you have to choose from.

There are around two and half of you who have been reading this blog for a while. You’ll remember that I class myself as a value-ist. I only like to buy things that I hold as adding great value to my life, while I’ll be dragged kicking and screaming before I’ll waste money on things that I perceive as NOT doing this.

After I hit publish on this post, I’m going to pour myself a shiraz, then I’ll go into my wardrobe and start culling all of those faded, stained ‘ok, but so cheap!’ clothes. When that’s done and my new clothes are all washed, ironed and hanging up in there, my wardrobe will be a thing of beauty.

And so will I.

* The Danger Zone is the nickname that our little section of staff room 2 is called. I share it with Blogless Adrian, Blogless Liz and a group of young twenty-and-thirty something girls who all look fabulous. Fortunately, they’re all fabulously nice as well. It’s a happy place.

 

 

 

 

The FU Fund gets brought to the table.

I had the weirdest experience two days ago.

It was the second-last day of school. In Australia, our school year runs from January – December, so we were looking at 5 glorious weeks of summer holidays galloping towards us. First thing in the morning I walked into our staffroom and the principal was there trying to allocate extra jobs for people. The expectation is that if you’re on the highest pay grade, (like I am), you’re expected to take on another task above your teaching ones to add more value to the school.

Our principal looked at me and her eyes lit up.

“YOU can do debating!” she said.

My reaction was immediate and completely visceral. And may have been a little bit shouty.

“NOOOOO!”

She looked shocked. Understandable, because my reaction probably looked a bit over-the-top.

“But why?” she asked.

My heart was beating fast. I was suddenly in a cold sweat. All I could come up with was, “I hate debating with a passion. I’d be really shit at it. You need to find someone else.”

I reminded her of what I’d already put myself down for – Junior English help – and the conversation moved on.  Then we went into the staff end-of-year luncheon.

This function is bigger than Ben Hur. We have around 200 staff at the school and every year we have a full sit-down lunch, with speeches from staff who are leaving, the ‘Pineapple Awards’ for staff who have done stupid things over the year and a Christmas giveaway, where names are drawn out of a hat and you get some chocolates. This year Kevin Sheedy, a famous Aussie Rules footballer/coach, came and gave a short speech. He looked a little familiar but I don’t do sport. I had to be told who he was. Plus Essendon is my ex-husband’s team… yuck.

I was one of the lucky ones who had my name pulled out of the hat for the chocolates. Not being one to avoid the spotlight, I leapt out of my seat, punching the air and shouting, “YES! YES!”

Our principal laughed and said, “You’re paying for those chocolates by doing debating next year.”

“I quit!” I said and went back to my seat and the function moved on.

I was really upset. I felt like the rug had just been pulled out from under me. I sat back down and the people next to me laughed and said, “Did you put your hand up for debating next year?”

“No.”

“When did you find out about it?”

“Just now,” I replied, and my eyes started filling up with tears.

I was the teacher in charge of debating in my first year of teaching. Admittedly, the school was in the country and I was just out of teachers college, but the experience was horrendous. The first challenge is getting enough kids to fill the teams. Then you have to organise practice runs either at lunchtime or after school. When the actual debate dates are announced, there’s always kids that can’t or won’t make it, so you have to scramble around trying to fill up the spots in the team so that the good kids who are keen to do it won’t be forced to forfeit. You are always trying to pull in favours, people start to avoid eye contact when they see you coming and there’s always someone having a tantrum or making things difficult at the last minute. I vowed and dclared I would NEVER do it again.

The debates nowadays are always at night – adding around 20 minutes extra driving time to get home.  I already live a 50-minute drive from school. So I’d have really late nights and be expected to leap joyfully up and go and teach the next day.

The debates finish at around 9 or 10. But you can’t leave right away – oh no. There are always children whose parents either can’t or won’t go to the actual debate, so you have to hang around until someone comes to pick them up. (I already have this when we do our Theatre Studies rehearsals and performances, but at least that’s at school.) It’d be quicker to drop them off home, but of course you can’t drive a child anywhere without permission and honestly, perception is everything and no one wants to be letting a teenage child in their car late at night…

So after every debate, you’re hanging around for at least 30 extra minutes waiting for parents. You can’t leave kids alone to wait. Imagine if something went wrong?

This would all be ok if, as a person, you enjoy the cut and thrust of debating and you enjoy teaching these skills to students. That’s not me. A debating mentor needs to have the thrill of the debate in their blood and pass on their enthusiasm to the kids. That’s effective teaching. I know that I’d be faking it. Kids can always tell. So I was floored that I was assigned to do it.

I understood our principal’s position. The guy who’d been running it for 3 years wanted to step down from the job and it had to be filled. Fair enough. I’m the Theatre Studies teacher. It would seem to her like a perfect fit.

I sat at the table and the tears welled up. People were laughing, then when they saw I was upset they became concerned.

“What do you mean, you only heard just now? That’s terrible.”

“Go and see her after the lunch is over and sit down with her.”

“Are you ok? Surely you can do something else…?”

I got my sh*t together and sat there as the function rolled on. For the first few minutes I wallowed in self-pity, but then, for the first time, I seriously thought about FU money.

For those who’ve never heard this term before, the ‘FU’ stands for exactly what you think it does. It’s a sum of money that you save, enough so that if a boss or a job is making your life hell, you can simply say “FU” (hopefully just to yourself!) and walk away, without having to suck it up and stay in a horrible situation because you’re dependent on the pay packet to survive week-to-week.  It’s a financial cushion which isn’t big enough to actually retire on, but it’s enough to give you some breathing space while you look around for other opportunities. I first saw it coined in James Clavell’s ‘Tai Pan’ and then later I saw it on JL Collins’ blog and although I thought I’d never need it, I liked the concept.

You see, I have my FU money in a bank account. I have 3 years of expenses put away. I kept it back after I did the whole geoarbitrage thing a year ago, but I earmarked it for a buffer fund in case the sharemarket tanked after I retired. I figured I’d have that money to live off so I wouldn’t have to sell my shares while they were undervalued.

But now…? I sat there, my brain whirling. I knew I hated the thought of running debating but did I hate it so much that I’d be prepared to threaten to leave my job? You can’t threaten anything unless you’re prepared to follow through…

My gut was telling me to leave. I knew it would make my life hell. But then other thoughts intruded.

My Theatre Studies class are doing my favourite play next year – ‘The Importance of Being Earnest.’ We just did the casting this week and I’m excited to be doing it. The people I work with – I love them. I’ll miss the banter every day. The rest of my allotment is English classes down in the junior school, which is fun and entertaining. I want to keep renovating the house, so I need cash flow to keep doing that. I really don’t want to dip into my savings for that, even though I could.

BUT… with my FU money and my teaching experience, I’m not tied to this job. The school I’m at was just ranked 2nd in the state for non-selective government schools. I’ve been there for nearly 2 decades. I could pick up a job anywhere with (insert name of school) on my resume. Heck, there’s a school at the end of my street! I could walk to work!

AND, with my FU money as a buffer, I could go part-time, or pick up short-term contracts or simply do CRT. (Casual/Relief teaching for when teachers are away. ) Doing CRT is a cool $330/day and you don’t have to attend meetings or do correction etc. Hmmm…

As I sat there, listening to the speeches and then a bit later on having lunch, behind all the conversation and joking, my mind was ticking over.

  1. Was I ready to fully retire? On paper, possibly YES. But being the security-valuing person that I am, probably NO.
  2. Am I tied to the job at (insert name of school here)? NO. I am ongoing/fully tenured, but I can get that anywhere else.
  3. Could I work somewhere else? YES.
  4. Could I support myself and the boys by working part-time or CRT if necessary? YES. (It’d probably add to my quality of life, to be honest!)
  5. If for some reason I couldn’t find any work, could I support myself until I could access my superannuation? YES.
  6. Am I prepared to go into a meeting with the principal over this debating issue and ultimately be prepared to follow through on a threat to resign?… I guess the answer is… YES. (Yikes!)

By the end of lunch, I had an empty feeling in my stomach which had nothing to do with the food. I’d realised that the only thing standing between me and being free of the spectre of debating was being fearless enough to walk away from my (up-till-now) lovely job if I had to.

The money wasn’t the issue. Security wasn’t an issue. I had those pretty well covered.

It was the fear of the unknown. The fear that, even if she turned down my offer of resignation, I’d have damaged that working relationship. Which, on the other hand, was already damaged by the debating debacle in the first place…

But as lunch came to a close and we were getting up from the table to clear our plates and go over to the gelato bar for dessert, I knew that I was going to stick to my guns and have a meeting with her. My FU money was there for a reason, after all, and I knew without a doubt that the debating assignment was a deal-breaker for me.

As I was walking back to the table, my principal walked over to me and said, “I can always rely on you to give a good reaction when you win something!”

I smiled and said, “Hey, tell me you were joking when you said that thing about me getting debating.” I crossed my fingers.

“She laughed. “Of course I was! I only said it because of what you said before!!”

I said, “Oh God I love you!!” and hugged her.

FU Fund emergency averted! I have no idea which job I’ll be allocated next year but I know it’s not the one from which clearly I carry scars from my first year of teaching.

But how interesting that whole episode was. I’m really happy where I work and I assumed that I’d be working there until I chose to leave the workforce. I hadn’t given that chunk of money in the bank a second thought once I put it in there. It was for Old Lady Frogdancer to be safe from bear markets, not for me.

But when the situation changed, having that chunk of money/FU Fund seriously changed the whole dynamic of how I thought about my quality of life. I was free to make a stand, if I needed to, about my job.

If that money wasn’t there and my principal wasn’t joking, I would have had to suck it up and be the debating organiser. I wouldn’t have much of a choice. It’s the end of the year and schools have filled their positions for next year. Either way, I couldn’t move seamlessly from one job to another. I’d have to stay and be miserable. I’d need that pay packet every fortnight.

Having an FU Fund gives the courage to be able to sidestep and walk away into a world with new pathways.

I can’t tell you how happy I am that I don’t have to have that ‘courageous conversation’ with my boss. I’m relieved that the status quo will continue. I love my school and my students and ‘The Importance of Being Earnest.’

But how liberating is it to know that, should the situation at work ever change to a point where I find it untenable, I’m financially free enough to walk away?

It was a half-hour misunderstanding. Absolutely nothing in the big scheme of things. But in that half an hour I was free to evaluate my life and to weigh up what was important to me. I realised that I am finally free to draw a line in the sand and say, “This far and no more.”

That’s a very precious position for a person to be in. It makes me think about my job in a whole new light. It makes me think about my LIFE in a whole new light.

The possibilities are bigger than I thought.

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