Tuesday, August 25, 2020
Expected Dividend Increases for September 2020
Tuesday, August 18, 2020
The Importance Of An FI Schedule And What Mine Would Look Like
It was a few weeks ago when I used a couple days vacation and therefore had a 4 day weekend, that I began to seriously ponder how I would structure my time in the event that I was financially independent.
As my vacation progressed, I started to realize just how important it is for my days to have at least a semblance of structure.
It would probably feel great to be FI and have unstructured days for the first few weeks initially and be mostly unproductive because I don't remember the last time that I was able to do so, which makes it a bit of a novelty to me that I would at least try for a bit.
However, I do believe that free and easy approach to FI would wear off for me after a while as I typically tend to follow the same pattern each and every weekend, whereby I balance my weekends with side hustles, media consumption, exercise, and spending time with family.
It is with that in mind, that I present my tentative daily FI schedule that I have been occasionally contemplating for the past few weeks.
10:00-11:00 AM: Wake up to no alarm clock, prepare/eat breakfast, brush teeth, etc.
11:00 AM-11:00 PM: Read several of my favorite personal finance blogs, watch various YT videos pertaining to personal finance, browse Seeking Alpha, and prepare/eat lunch
1:00-3:00 PM: Research, draft, edit, and publish a daily post for the blog
3:00-5:30 PM: Write and edit roughly half of a Seeking Alpha article on an enticing and timely dividend stock that caught my attention
5:30-7:00 PM: Exercise, shower, and prepare/eat dinner
7:00 PM-1:00 AM: Spend time with family, binge TV series, and get ready for bed
While I'll readily admit that this schedule is at least a decade in advance of when I am anticipating I will reach FI and my interests are bound to change to at least some extent over the next decade, I maintain that it is never too early to begin planning what you would do when you eventually achieve financial independence.
This was an interesting activity to me because I had never thought about an FI schedule to this extent before and upon doing so, I have found that life is really open to possibilities when you aren't working 40+ hours/week at a day job.
I admittedly have barely filled the majority of my waking hours with activities I am confident I will feel the same about in 10 years (i.e. exercising and blogging/freelance writing in some capacity) upon contemplating an FI schedule, so I need to continue to work on filling this schedule with what truly drives me in life and gives me meaning to achieve the feeling of life fulfillment and fully enjoy financial independence.
Have you ever thought about what your schedule would potentially look like in FI?
If not, do you believe that you will eventually get into a routine when you eventually achieve financial independence based on your values and interests?
If you have thought about what your schedule would be upon achieving FI, have you achieved FI yet and did your schedule end up being relatively similar to what you thought it would be?
As always, I appreciate your readership and welcome your comments in the comment section below!
Tuesday, August 11, 2020
This Action Is Depriving You Of Happiness And How You Combat It
What we'll be discussing in more detail today is something that all of us aim to achieve beyond simply attaining FIRE, which is happiness. It is the reason that we all live and breathe. Without even a remote chance of attaining true happiness, what would the actual point of life be?
The particular action that I often catch myself and others engaging in is the dirty deed of "wishing." While it sounds innocent to wish and wishing while taking action is actually a fine pursuit (commonly referred to as dreaming), simply wishing for something is the worst thing that one can do for both their short-term and long-term health and well-being for reasons detailed below.
Wishing Deprives You Of Happiness By Focusing On What You Don't Have
I'd be willing to wager that we all have passively wished for something, whether it be a million dollars, time to pass or rewind, etc.
The issue with those wishes is that aside from the second being impossible, (unless time travel becomes feasible, which seems unlikely) it also is impractical to wish for something without aggressively pursuing it.
As a quip to someone passively wishing something that I've heard a few times in my Midwest upbringing goes, "wish in one hand and @#$% in the other and what do you have?"
Rather than focusing on what you do have (something I have referenced in a past post), you focus on what you don't.
This action psychologically has been proven to deprive you of happiness. There's a reason that the concept of gratitude is as prevalent as it is when discussing how to attain happiness.
All That Time Spent Wishing Could Be Spent Chasing Your Dreams
As I've alluded to in another post, the best time to start chasing your dreams was yesterday, but today is the second best time, so what are you waiting for?
One of the biggest reasons that you absolutely must chase your dreams, is that the inaction and the mystery of what could have been will haunt you until your very last breath.
I also have found that as you disclose your dreams to others, there may be some that try to dissuade you from pursuing that dream and there will be some that support you in the pursuit of your dream.
And finally, I have found in my journey of striving for financial independence and attaining at least $20,000 in annual forward dividends to do so, it can be overwhelming at times to fathom how much dividend income that seems to be to me at this time.
When you reframe your mindsets from the common fears referenced above into the latter pragmatic mindsets, chances are that you'll find yourself invigorated with a sense of purpose that allows you to fearlessly chase your dreams.
Wishing isn't a bad thing by itself because desire is the first step toward achieving a goal, but it becomes a problem when you aren't taking any action toward realizing your dream. The worst thing in this life is to one day draw your last breath and realize that your life is replete with regrets.
Have you ever succumbed to the trap of passively wishing for something?