Today is our one year anniversary of our FIRE journey and I thought I'd provide a short synopsis of how the first year went.
First off, from a financial sense its been a great year. Our family of 5 came in under budget by a little over $7.5K and there were no unexpected expenses that showed up. As for investment performance, the Three Fund Portfolio did quite well returning 14.4% leaving a pretty good buffer above what our projected end of year financial assets should be. If I was to give the financial part of the FIRE equation a grade, I'd have to say A+.
The emotional part of the equation was a little more bumpy; however, we had no illusions that this part would be easy. I left my dream job at age 49 and moved our family 3000 miles to settle in the city we wanted to live in. After the initial excitement, which lasted about 4 months, I found I missed our old life and the holidays were a challenge as I left my family back east. And though I had no desire to go back to work over the past year, there were times when I missed the people and travel that were previously a big part of my life. I could go much deeper into this area of the journey, but suffice it to say the grade in this area is a C+.
Overall, we have no regrets and are very thankful that our big move went off without a hitch. Our new life is everything we thought it would be and the kids had absolutely no problem adjusting to our new home and lifestyle. They are entering 6th, 7th and 10th grade, so that was a major concern prior to our decision.
With that, here's to an even better 2nd year.
Nano
First off, from a financial sense its been a great year. Our family of 5 came in under budget by a little over $7.5K and there were no unexpected expenses that showed up. As for investment performance, the Three Fund Portfolio did quite well returning 14.4% leaving a pretty good buffer above what our projected end of year financial assets should be. If I was to give the financial part of the FIRE equation a grade, I'd have to say A+.
The emotional part of the equation was a little more bumpy; however, we had no illusions that this part would be easy. I left my dream job at age 49 and moved our family 3000 miles to settle in the city we wanted to live in. After the initial excitement, which lasted about 4 months, I found I missed our old life and the holidays were a challenge as I left my family back east. And though I had no desire to go back to work over the past year, there were times when I missed the people and travel that were previously a big part of my life. I could go much deeper into this area of the journey, but suffice it to say the grade in this area is a C+.
Overall, we have no regrets and are very thankful that our big move went off without a hitch. Our new life is everything we thought it would be and the kids had absolutely no problem adjusting to our new home and lifestyle. They are entering 6th, 7th and 10th grade, so that was a major concern prior to our decision.
With that, here's to an even better 2nd year.
Nano