Showing posts with label Summer 2018. Show all posts
Showing posts with label Summer 2018. Show all posts

3 Things I Lust For After Watching Netflix's Terrace House

So if you haven't yet watched it, the latest season of Netflix's Terrace House is available for binge watch. It's in Japanese with English subtitles, and it's really good. For those of you who miss the original Real World on MTV before it became too naughty and predictably acrimonious for this elder millennial, Terrace House is your Japanese solution.

About Terrace House


Terrace House follows six Japanese-speaking strangers, beautiful as to be expected as this is television after all, as they pursue their dreams of love, friendship, or sense of purpose. The best scenes seem to happen around regular family-style dinners and the in the designated boys' room or girls' room. Here the beautiful strangers openly discuss with varying levels of seriousness their plans to pursue each other or their individual goals.  For example, in one season, there was a Japanese-born Los-Angeles-based actor seeking to find "a love worth dying for." In another season, a female ice-hockey player was seeking to bring recognition and awareness to ice-hockey in Japan.

Intertwined with all this are datos (dates), and inevitably as with most strangers-in-a-house series romance unfolds along the way. What is shocking is how PG it all is compared to American television! It takes almost three months sometimes for even the first date to happen, let alone a meek first kiss. But the swelling of the romance over time is what keeps you hooked, at least it does me. That and the exposure to various aspects of Japanese culture makes this show a love worth missing work for!

The problem is after a five-episode binge, I find myself lusting after their life and succumbing to a daydream of my own making.

My real life


In my real life I slog away at my day job and come home and slog away at this here blog, hoping and praying that one day it means something. And if not that, pays something. My last great venture was when I created my first Sunday Funnies - The Life Cycle of A Corporate Drone comic strip. Who knew it would foreshadow events to come. Shortly after it was posted, I ended up having to drag my mattress to the bare floor to sleep after waking up that morning with searing back pain. It felt like I had slept on a bed of hot coals. Events like these or stupid minute things that happen at work but seem so big at the time make me think more about what else I can do accelerate My Early Retirement Journey.

However the numbers don't lie. Compound interest takes time. Thus I soothe myself with a crafty daydream or two.  Instead of what I would do with a million bucks, I consider what I would do with one million hours. So after a few sleepless nights, anxious about the next workday, and in physical pain, I let my mind wander on what my life could look like if I actually did leave the workforce on my own terms. It changes day to day, but inspired by my latest binge-watch of Terrace House, here's what's playing.

What I'd rather be doing instead


#1 Learn Japanese.

It's a Japanese show so all the cast members speak Japanese. Many of them are half Japanese and in the Hawaii season, many of them were also Americans.  I like the staccato of the Japanese language, and I was a linguistics major in college so language has been a long-time interest. I think learning a new language at this stage in my life would at least stimulate my left-brain. It would be both a mental and creative challenge and one I would enjoy. I had previously considered moving to South America to improve my now waning command of the Spanish language, but after Terrace House I want to learn Japanese!
#2 Spend a season in Nagano after learning Japanese.

Naturally, if I had one million hours, I would have time to travel. Travel isn't high on my list at the moment, but if I had nothing but time, I suspect it would creep up on said list. The show takes place in a quaint looking town called Karuizawa in the Nagano prefecture of Japan. From what I've seen, it's a four season town, with beautiful mountainous landscapes and parks and trees and nature for days. Many a datos has involved a nature escape.  Nagano also speaks to a budding desire of mine to live in a mountain retreat and do yoga all day. It seems like the perfect spot for that.
#3 Make and eat loco moco.

On the Aloha State season, the new cast of beautiful strangers was based out of Hawaii and the dining experiences were mouth watering. Every other meal involved some sort of brown sauce, my favorite kind of sauce. The dish du jour was Hawaii's loco moco. If you've never seen or tasted it, you must Google it or watch the show for high def visuals. I couldn't find a photo to do it justice. It's essentially rice with hamburger and delicious gravy topped with an over easy egg. My mouth is watering just typing this.  After watching the show, I did bumble around the single girl kitchen to concoct my version, but that was a fail. I obviously need to visit Hawaii to have it done right!
Your turn

What about you, if you were suddenly blessed with one million hours of free time, what would you rather be doing?

Related content: How Design-Thinking Can Inspire Your Early Retirement Journey

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(Originally published on 14Aug2018; updated 19Sep2018 MERJ)

Blog Update | Sep 2018: 6 Months, 0 Dollars, 6,000 Pageviews

Here you are. Welcome back to My Early Retirement Journey. It's that time again. Time for my next blog update. I think I will probably just do 1 or 2 more of these until I really decide to aggressively monetize my blog. Otherwise, I'm not sure what purpose they serve as I didn't necessarily start my blog to garner pageviews and earn income. As of now, I should be able to FIRE or seek a sabbatical without relying on side income.  Well let's get into it!

Related content:

To recap, I published my first post 20Feb2018 on Blogger. Since then I have been to Bluehost and back…twice. Then I went back to Blogger with my personal domain purchased from Bluehost. After 100 posts, I decided to commemorate my progress by going back to self-hosting. This time I tried Siteground. Both Siteground and Bluehost are now my affiliates, so please feel free to click through one of my links if you are interested in starting a blog. The starting part is easy, but more than that it's pretty fun.

Related content: 

Overall, I have to say I still really enjoy blogging. This hasn't changed. I like writing and I like creating content. Even though it’s annoying, I even like searching different ways to attract more traffic to my blog.  Less so after the summer I just spent trying different things to drive traffic to my blog. It's not time wasted because I wanted to know I at least tried. I still write and create content because my original reason for starting this blog was to create a space for single girls like me to be a part of the conversation. Enough chatting, let’s get down to the details for which you came.
To Refresh Your Memory: Month 3 Blog Update (posted 05Jun2018)

Expenses (to date):
$14.99 (est) to keep my domain after leaving BlueHost

Blog Traffic (via Blogger) 
date range: 20Feb2018 to 28May2018
Pageviews (all time): 4,853 (**Blogger which counts my pageviews, far less without that)
Subscribers (total): 3 (up from 0)
Revenue (all time): $0.82 (via Google Adsense)

Posts published (total):  41
Posts scheduled (upcoming): 17

Month 6 Blog Traffic and Income Report


Accurate as of 28Aug2018.

Expenses (to date):

$14.99 + $143 = $158

Note: Bluehost Domain + 3-year hosting plan from Siteground

Blog Traffic (via Google Analytics)

date range: 20Feb2018 to 27Aug2018

Pageviews (all time, via Analytics)): 6,104 (up from 1,601)
Subscribers (total, via feedburner):  8 (up from 3)
Revenue (all time, via Adsense): $2.18 (up from $0.82)

Posts published (total): 118
Posts scheduled (upcoming): 9

Screenshot from Google Analytics



Notes.

Top 5 Posts

  1. Why Yes, This Is My $300,000 Student Loan Repayment Plan: REPAYE 2018

  2. How Being A Victim of Identity Theft Helped Me Take Control of My Finances and Pay Off $30,000 of Debt in 2 Years

  3. Review | 3 Free Spreadsheets You Might Want To Try

  4. Why I Love My Roku So Much! (Cable-whathat?)

  5. A Bajillion Tiny Little Indisputable Facts About Life In Your 30s


Posting Schedule:
I generally post at least twice a week. My default goal is 1x/mon like the first personal finance blog I ever read. This will likely be accomplished once I have said everything I needed to say, but for now since blogging is so new, I still have so much left to say! Most prolific month was August 2018 with a whopping 30 posts and counting; Jul 2018 = 23 posts; June 2018 = 22 posts. August was meant to be a little sparse but I had some old posts I had written since April sitting in the queue.  When I started to see the blog taking a different direction, I wanted to get those old posts published before I started heading down that new direction. I am gaining a little bit of focus as I frame my posts around my life as a single girl. I am literally the only one I know in this season of life.

I also started a Wednesday weekly post that I post every Wednesday. I give real time life updates every Saturday. For pre-planned posts, I tend to schedule them Tuesdays and Thursday to space them out. I've published a couple comics after being inspired by another female blogger's comic site. Those were really fun!

Social Media Engagement
Joined Twitter 20May2018:  95 Followers (up from 20 Followers)
Joined Facebook 19May2018: 15 Followers (up from 1 Follower on My Early Retirement Journey Page)
Joined Pinterest  08Apr2018: 10.3k monthly viewers; 289 Monthly Engaged; 63 Followers (up from 207 monthly viewers; 6 Monthly Engaged; 25 Followers)
Joined Bloglovin 22Jun2018: 12 followers (new)

I still use IFTT to automate my posts to Pinterest boards, less so now that WordPress will automatically publish posts to Facebook and Twitter.  I had a soft goal of tackling social media as a summer project and I gave it the good single girl try - a little half-hearted, a little purposeful. As suspected, driving traffic from social media requires a lot more engagement than I'm willing to do at this point, especially in regards to Pinterest.  I try to only check social media like FB and Twitter once a month.  For Pinterest I tried a couple things - IFTT automation, the free Tailwind trial (100 pins), creating 40 boards from 10 up from the first 4 I had. I joined two or three group boards.  My Pinterest interest has swiftly taken a back seat. I still intend to pin with IFTT automation and am including 1 pin a week on my blog-chore chart for Fall 2018. We shall see.

Traffic Generating Ideas, thus far

  • Pinterest, Pinterest automation, Tailwind - no real marked success

  • Guest posting - success

  • Posting often (more than 1x/wk) - success

  • Rockstar Finance Directory and Forums - success

  • Linky parties/ Co-Hosting Linky Parties - got a few social media followers


Previously (from Month 3 update)


  1. In April 2018 I was pretty active on RockStar Forums. I subscribed to their directory as well.  This summer I may get more active. The newness died down and so did my interest. - SUCCESS

  2. I requested addition to the Women of FIRE Directory. - SUCCESS

  3. I requested addition to Women Who Money Directory (sorry can’t locate link). - SUCCESS

  4. Commenting on other blogs (typically: Making Sense of Cents, Millennial – Revolution, Frugalwoods) - SUCCESS


More thoughts on things I tried that worked (or didn't)


  • Guest posting

    • Scotch Street = 3 views via referral according to Google Analytics

    • Chief Mom Officer = 30 views via referral according to Google Analytics

    • The Financial Diet  = 300 views, although it's not listed as direct referral traffic, my pageviews went up the day after my post was published on their site

    • *Love for Thirty Project = no identifiable referral traffic, but moderate spike in traffic shortly after appearing on their site (about 90 pageviews), unknown if related.



  • Thoughts: Submitting on The Financial Diet was the easiest and got me the most pageviews, so I will focus my attention on selecting and or writing at least 1 post a month that would be a good fit for that site. I think it's a good match because a) they have some of my target demographic and b) they write things I enjoy reading.  Also, it was easy because I didn't have to write new content for submission.




  • I didn't notice this in my last update or if I did I don't remember, but I get a decent amount of traffic from Rockstar Finance Directory, according to Analytics and even a little bit from Rockstar Finance forums.  Per Jetpack, the Directory generates my best referral traffic to date since being back on Wordpress, followed by Tread Lightly, Retire Early, and a couple sprinkles from Women Who Money. Jetpack is a lot easier for a technophobe like me to glean data.

  • For some reason, being back on self-hosting/ WordPress has increased my visibility and pageviews are trending upwards.

  • Fails: Sent a quick line of interest to Business Insider for their Real Money series with no response.


Changes you might have noticed


  • Switched to new platform.

  • Changed blog design and focus.

  • Added affiliates with Bluehost and Siteground (in addition to Walmart). Won't inundate you with more links. I know...missed opportunity. But I figure you're tired by now.


Personal Markers of Success


  • I shall consider my blog a success when I can get twelve actively engaged readers. Why 12? Well, the way I see it if twelve was enough for Jesus' tribe, twelve is good enough for this single girl! By actively engaged I mean not just other bloggers sharing their website link, but twelve people actively checking in on each other and doing life together, albeit virtually. Maybe I'll get there by the end of this year, or at my one year mark around March 2019. Maybe a few more years after that.

  • I shall feel like I met my objective if at some point in the future someone I know in real life forwards me some content I created. That to me will mean not only did my content reach its target audience (single girls like me) but that my toil and labor was worth it.


Next Steps


  • Continue to post regularly, default goal: 1x/mon

  • Continue to try different things until I can get in a groove to find that 20% effort that generates 80% of outcomes (whatever that maybe)

  • Submit monthly (maybe) to The Financial Diet

  • Set-up IFTT to pin to 3 more priority Pinterest boards

  • Have 3 to 5 products in the Single Girl Gift Shop by Halloween 2018

  • Thinking of adding a Sunday weekly post on church notes


 

Your turn...how has blogging been going for you? Any tips, stumbles, or triumphs?

100 Posts Later. What You Liked. What I Learned.

Welcome back to My Early Retirement Journey! All three of my loyal readers, I'm so glad you're here! I have reached 100 posts (actually a week or so ago). Praise the Lord! Yeah, I took it there.  Anyway, for the two that I didn't just offend, keep reading for a recap of the 10 most viewed posts and a few lessons learned along the way. Stay tuned for my next blog update publishing soon. (In case you missed the last one, check it out here!)

Let's get into it. Per Google Analytics...
Here are my Top 10 posts:

Maybe you read some. But in case you missed any, here they are for your browsing pleasure...

  1. Why Yes, This Is My $300,000 Student Loan Repayment Plan: REPAYE 2018

  2. How Being A Victim of Identity Theft Helped Me Take Control of My Finances and Pay Off $30,000 of Debt in 2 Years

  3. Review | 3 Free Spreadsheets You Might Want To Try

  4. Why I Love My Roku So Much! (Cable-whathat?)

  5. A Bajillion Tiny Little Indisputable Facts About Life In Your 30s

  6. 7 Easy Meals When You Need A Break: A Listicle

  7. What No One Tells You About Managing Your Aging Parents' Finances

  8. Enron and Madoff and Ponzi! Oh My!: How to Background Check Your Financial Professional

  9. Financial Update | June 2018 Income and Expenses

  10. My Week Ending May 18, 2018: Royal Wedding, Sick Again, Misery


Notes. The top ten are certainly a surprise. I see no ostensible pattern.  Do you?

  • The top two don't surprise me much. That seems to be the reason a lot of people start a personal finance blog.

  • Three of ten have some sort of personal finance number in the actual title.

  • Four of ten have some variation of the word finance.

  • The Roku post is certainly a surprise.

  • A couple of my more personal stories made it on the list, so that's at least hopeful because I enjoy writing those a bit more.


Lessons learned:


  • Do not be consumed by readership, comments, and page views. It will kill your joy.

  • It's pretty easy to start a blog. It's pretty hard to get anyone to read it.

  • It's exciting to see your words in print no matter which way you look at it. While new comments are pretty motivating, write for you. Write what you wish was already written for you to read.

  • It's pretty easy to be seduced by the success of others. It can be pretty uneasy getting over the low of not quite realizing that level of success just yet.

  • Join the community of your blog's niche. It's a great way to make connections, get tips, and get help!


What I learned about myself:


  • I still enjoy creating content, writing, publishing etc.

  • I am still looking for new ways to establish myself online while staying true to my voice. This means there are still some things I censor until I see a more established blogger doing it first.

  • I am still trying a variety of things to figure out what works. This means I'm still browsing at least five or so blogs a week and commenting and sometimes digging deeper into their archives to see what I can take away from their success journey.

  • I am still not aggressively pursuing making my blog profitable. By this I mean not writing content that is clickable or shareable or marketable or affiliate-linkable. For now, I'm still writing content I want to write that documents my early retirement journey from the perspective of a single girl. That was my objective after all. I'll talk more about blog strategies and changes in my next blog update. Subscribe now so you don't miss it! :)

  • Lastly, blogging is easily my cheapest hobby. Prior to this my favorite two things to do were eat takeout and watch TV. They still are, but TV costs me $80/mon with a cable subscription. Takeout can run me around $200/mon. Blogging is $4/mon or if you click through my link $3/mon. That's about 10 cents a day. 10 cents! Even when I play the lottery with my office pool, it's $2/week. Blogging is the best. It really is, and not just because of the affiliate link I'm promoting. I was obviously blogging way before I was an affiliate! I strongly encourage you to start your own blog. Even if you only publish six posts - that's six pieces of your life you're sharing with the world!



 

 

Single Girl Life | Aug 31, 2018: Insider Secrets, Customer Disservice, Miralax

Welcome back to My Early Retirement Journey. In case you're just joining us, here's a little bit about me.  I am a single 30-something, openly Christian, hesitantly immigrant-y, human woman. I enjoy watching TV while eating takeout, and I want to retire early. I currently work as a consultant in a tele-health call center making around $40/hr. I started my professional life in 2015 at the ripe ole age of 31 after a few false starts. I spent 2016 paying off about $10,000 worth of credit card debt. I spent 2017 paying off about $20,000 in private student loans; I still have about $300,000 in federal student loans for which I am currently on an income-based repayment plan for the next 25 years, give or take.  I started really getting into savings and investing late 2017 when I stumbled upon the FIRE (financial independence, retire early) community.  In 2018, I made the decision to try to save for a sabbatical and maybe if all goes well continue the journey to early retirement.  Along this journey, I give weekly more personal than finance updates just like this one. Come along with me, I urge you!

Monday – So I survived the weekend with Aunty MERJ. I’m so so so so glad I cancelled that Hawaii trip. It actually wasn’t that bad, but I got home really late Sunday, ate and went to sleep. I didn’t feel like I had a weekend to relax before heading back to work. Oh well, have a week of PTO coming up in September. Planning all sorts of fun treats. Gotta get some blogging tasks done in the next two weeks…

Tuesday – It is hot like bananas. Yes, the skin melting sunshine is back. Ugh. Last week I drove to work with the windows down and got goose bumps because of the chill in the air. This morning I had to turn the air on, windows up. Trying to streamline blogging tasks for the fall. All I want to do is watch TV now! So many good shows being advertised. Much to my chagrin  DirecTV no longer running their specials and increased their doggone prices but like a sucker I may shell out $40/mon for sub-par service. Shame on me!

Also, some insider secrets about affiliate marketing. They up your commission based on how well-displayed their product is on your site and if you give it your personal recommendation. You can’t trust these darn bloggers (present company included)! Haven’t called Aunty MERJ in two days. I’m just tired of dealing with it. That’s no way to act, but that’s where I’m at now.

Wednesday – Sleeping through the night but not waking up feeling well rested. Have done nothing for Aunty MERJ this week so far. I feel like I’m rebelling. Blogging took over my nights last two nights. Not sure how/why? Signed up for another affiliate – DirecTV. I was looking for some free trials and the affiliate program popped up, so I went for it. Also applied for a business ID number so I can stop using my personal tax ID number. Yikes. Especially since I sign up for these programs, get no sale, and my information is just hanging out there in cyberspace.  I’m just putting things in place for future things to come I suppose.

Job asking me to pinch hit on another team that I previously trained with to cover someone’s maternity leave beginning in December. For once, I didn’t automatically say yes. Right now, I’m at…I’ll do it willingly for $2+ more… $4 would be preferable. But I’m at least willing to stay where I am if no bump in pay. It would be more responsibility but fewer people yelling at me potentially. Overall, less busy as far as call volume. I have mixed feelings, primarily because they didn’t even offer a bump in pay and too I was settling into a groove with the fall season.

Thursday – It just flew by. I don’t know what happened. Had a nasty customer service experience and Wal-Mart. And after I had just told the world how great they are. That meant tossing and turning and replaying the interaction in my mind. If there ever were a girl who sweat the small stuff… it’s this girl right here!

Friday – Oh, glorious Friday. I did nothing this week. Didn’t check in with Aunty MERJ once. Didn’t do any chores. Was so upset after Wal-Mart interaction last night, couldn’t think to grocery shop. Why am I so rattled by things and people who didn’t matter just yesterday.  Funny thing happened at work. I stumbled upon an old note I wrote to myself in May 2018 that I was definitely going to take a 6 month sabbatical in Oct 2018. I wrote I would not think twice and just pick between Croatia or Spain and go with it. Ha, if 5-month-ago me could see me now. Took some Miralax last night because of recent decline in diet. Haven’t cooked anything in two weeks.  Happy Labor Day weekend!

How did your week go? Share your high and lows… I definitely want to know!

TV this week: Bachelor in Paradise, The Bold Type, Cybil, Love Island
Takeout this week: Taco Bell, Peruvian

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Notes on Life | My Week Ending Aug 24, 2018: Fasting, F Bombs, Liar

Welcome back to My Early Retirement Journey. In case you're just joining us, here's a little bit about me.  I am a single 30-something, openly Christian, hesitantly immigrant-y, human woman. I love watching TV while eating takeout, and I want to retire early. I currently work as a consultant in a tele-health call center making around $40/hr. I started my professional life in 2015 at the ripe ole age of 31 after a few false starts. I spent 2016 paying off about $10,000 worth of credit card debt. I spent 2017 paying off about $20,000 in private student loans; I still have about $300,000 in federal student loans for which I am currently on an income-based repayment plan for the next 25 years, give or take.  I started really getting into savings and investing late 2017 when I stumbled upon the FIRE (financial independence, retire early) community.  In 2018, I made the decision to try to save for a sabbatical and maybe if all goes well continue the journey to early retirement.  Along this journey, I give weekly more personal than finance updates just like this one. Come along with me, I urge you!





























mondaytueswedthursfri
finance$10 Peruvian takeout$2 Wendy’s$8 Chinese takeout
$9 Peruvian takeout
$9 Thai takeoutTBD
work9:45a – 7:30 pm9:15 a – 9p9:30 am – 6:00 pm9:30 am - 6:15 pmTime Off

Monday - Doctor’s appt this morning. Still have granulation tissue. Wound from surgery still won’t heal. Decided to do chart this week because going to be busy. Attempting to work 10 hour days because off Friday to check on Aunty MERJ in Tampa.

Thinking of doing a gluten and dairy fast till my next appt Sep 28. Gluten is a protein that can cause inflammatory process, makes me bloated and just general malaise (but cookies are so yummy!).  Milk is a protein my body generally doesn’t digest but have had some success lately with A2 milk. May stop that for awhile.

Tuesday -  Pretty mild summer I have to say. My skin hasn’t wanted to melt off every day. Work is so busy, there’s no time to think. Fear making a mistake. Lower tolerance for nonsense. Feeling ddgy with coworker across the cube who bangs on his desk all day and swears up a storm. Actual F bombs. It makes me anxious.  This 10 hour day thing is not working out. Why do I keep fooling myself into thinking I will willingly work more if I just say I will.

Another convo with random co-worker about career plans and retirement. Some suggestions for other options to make more money. All in all, I think my focus is saving money for my sabbatical, at least 1 year, maybe 5, maybe 10, maybe forever.  I’m open to a new job for more money but I’m past the stage where I am aggressively pursuing that. Did that for a year.

Wednesday -  Realized last night as I’ve been thinking- it is pretty mild these days. Didn’t even use a/c last night. Wow. Mid-August in NC with no a/c?!  Eye twitch continues. Cousin mad that I prefer email instead of calling her. She wants to help; I give her to do list; she says what exactly do I need her to do? Whatevs. Affirms my decision to be relatively phone-less. 16 months and counting.

Selfish me really doesn’t want to go Tampa. Working extra hours to have day off to go do more work is not really what I want.  Will I ever be a better person? Doubt it.  Glad I didn’t purchase future tickets especially for September. Looking forward to having that whole week for myself. Thanks, Brain. Well really, thanks God, of course, but also busy PTO calendar that didn’t have free days for the time I was going to spend with Aunty MERJ in Sep.

For first time since starting Wed Weekly, I forgot to create the post last night. Whoops. I guess there’s not really a good reason I can’t create these on Sundays. Didn’t think about that.

Glad savings was set up and automated at beginning of the year. When I feel this way, I just feel like making bad decisions. That usually means poor self-care (not flossing, cookies for dinner) and careless financial decisions (buying random stuff).  DirecTV raised their prices to $40/mon. Realized how much joy I get out of scrolling channels (works) but I rely so much on the OnDemand service (crashes) that I have to pause about signing up for their service. Free trial ends tonight.  Decided to go with Hulu 1 month free trial to see if it meets my binge-watching needs for the fall. Got sloppy though and signed up with FB profile for my blog because I didn’t want to create another log-in!  Stay tuned!

Thursday -  Another cool morning. North Carolina has made a liar out of me! I complained so much about the skin melting summers and this summer has been unexpectedly mild. Had another mild breakdown last night getting ready for trip. This no-phone life definitely has its inconvenient moments. Super Shuttle from airport is $50/way. So decided to get Uber app. Had to have a cell phone to verify. Ugh. That took 23 minutes to find a work-around.

Friday - In Tampa with Aunty MERJ!

TV this week: Bachelor in Paradise (via free trial of DirecTV Now and free trial of Hulu)
Takeout this week: see above

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I Took A 3rd Look at My 401k and This is What Happened


So in the wee hours of the late night or early morning before a work day, I try to find just one more way I can accelerate My Early Retirement Journey. I know I can probably cut it down comfortably to 15 years from 30 years, but can I do just a little bit more?


The FIRE blogosphere (millennial rev, ROG, jlcollinsnh, etc..) all swear by Vanguard. They tout the benefits of the Vanguard Total Stock Index and Vanguard Total Bond Index and denounce cherry picking stocks as according to them no one can outpace the stock market. Fine, I’m a big fan of #easychoice / not re-inventing the wheel. So I felt confident enough to put my new found knowledge into practice. I was going to allocate using the above index funds in an 80/20 allocation.

Behold my surprise when my 401k did not have both of those options. It had the Vanguard Total Bond Index but not the total stock! Not wanting to lose momentum, I tried to make the 80/20 allocation work with different funds I did find. My mind was unsettled and I stared at The Prospectus for 2 to 3 hours struck with decision paralysis. After the sun went down, I gave up. And kept my Target Date Fund at 0.77% management fee. Defeated.

Then two nights ago, I re-read jcollinsnh's post on a simple path to wealth for his daughter. He spoke more about tracking the S&P 500. It was a phrase I had seen circling the blogosphere but one to which I had not given additional thought. My brain finally remembered it had seen that in The Prospectus. (Admittedly, some of my better ideas come after the fact…) So I looked back at the Vanguard Funds available in our 401k.

I clicked on the one that looked most similar to what I was looking for. It was called the Vanguard Institutional Index (VINIX). It’s description read: The investment seeks to track the performance of a benchmark index that measures the investment return of large capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.





Aha! S&P 500…that’s what I was looking for.
I turned to Google to find out the difference between the two (VFINX vs VTSMX).




MorningStar had this to say: For those who might be unfamiliar with the two index types mentioned, the S&P 500 tracks 500 of the largest U.S. stocks as measured by the value of their shares. ...Total stock market funds, on the other hand, include both large-cap stocks and the many small- and mid-cap stocks left out of the S&P 500.  As we've said, a total stock market index fund encompasses a wider universe of stocks than does the S&P 500, but the difference might not be as great as you think. Stocks in the S&P 500 make up about 75% of the total U.S. equity market, so the overlap is considerable. That said, the roughly 25% of the market that is found only in the total stock market index fund does provide greater diversification because of the presence of smaller stocks. For investors with small-cap exposure elsewhere in their portfolios, the large- and mid-cap S&P 500 fund may suffice. But for a broader, one-stop-shopping fund, the total market index offers maximum diversification within the U.S. equity universe.

Eureka! I could make this work even though Vanguard 500 Fund is yet another fund, but it's close enough to what the Institutional Fund is trying to do for my intents and purposes. I had decision paralysis no more. So this is what I decided to implement in My Early Retirement Journey 2018 Q2:

80% Stocks (3/4 with VINIX, expense ratio, 0.04%; 1/4 with VEXAX, small and mid-cap exposure, expense ratio 0.08%)

20% Bonds (VBTLX - Vanguard Total Bond Market Index Adm; expense ratio: 0.05%)

Current: Fidelity Freedom Fund 2045, expense ratio: 0.75%, managed allocation of 90/10 stock/bond

DISCLAIMER: One of the potential pitfalls with the ‘easy choice/don’t reinvent the wheel’ method is that one person’s idea often gets recycled over and over throughout the blogosphere. I’ve seen that many times in various listicles on myriad subjects outside of personal finance. And of course, there is always the never forgotten pillar that everything on the internet is TRUE. That being said, I do try to look at the background of the bloggers and other posts to see where they get their ideas. Many of them do point to other blogs so I at least have some semblance of point of origin.

Not one FIRE blogger that I follow is a financial analyst. In fact jcollinsnh has a B.A. in English. So I do consider all these things as I make these major financial, potentially life altering decisions. I do do some separate internet searches on things like indexing and Vanguard and its founder to get different perspectives. And I persist, open to the idea that it’s all one big hoax and we could all sink in the same boat but at least I’d have company.

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Poverty and You: How does your FIRE budget compare?

So in managing my elderly parent's finances, I've applied for quite a few assistance programs and become familiar with the poverty level in America. I think a lot of us are familiar with the concept, but do you know what the actual level is..say even for your family of 2 or 3 or 5?

What's more, for those FIRE and extremely frugal bloggers out there, I thought it'd be interesting to highlight how as this one article pointed out, frugality may be for the rich. Some people are actively choosing to live this way while some were born into it. I think in this community we forget the profundity of the difference. I have a brewing post on the privilege of choice but there are so many roads that could go down, my mind hasn't settled on one just yet.

In the United States, the government publishes the poverty guidelines (and thresholds) as a census tool and as a guideline for eligibility for various social service programs they administer. Here's a look at the 2017 Poverty Guidelines.























































































Household SizeFederal Poverty Level175% of Poverty Level200% of Poverty Level225% of Poverty Level400% of Poverty Level
1$ 12,140$ 21,245$ 24,280$ 27,315$ 48,560
2$ 16,460$ 28,805$ 32,920$ 37,035$ 65,840
3$ 20,780$ 36,365$ 41,560$ 46,755$ 83,120
4$ 25,100$ 43,925$ 50,200$ 56,475$ 100,400
5$ 29,420$ 51,485$ 58,840$ 66,195$ 117,680
6$ 33,740$ 59,045$ 67,480$ 75,915$ 134,960
7$ 38,060$ 66,605$ 76,120$ 85,635$ 152,240
8$ 42,380$ 74,165$ 84,760$ 95,355$ 169,520
each additional household member$ 4,320$ 7,560$ 8,640$ 9,720$ 17,280


 Source: https://www.nc211.org/federal-poverty-level

So how does this compare to various published budgets around these frugal and FIRE interwebs.

My Early Retirement Journey:
2018 Estimated FIRE Budget: $30,000
Household Size: 1
Poverty Level: A little more than 225% of Poverty Level

Aunty MERJ:(Social Security + pension)
2018 Estimated Income: $17,100
Household Size: 1
Poverty Level: below 175% of Poverty Level

Root of Good:
2018 Estimated FIRE Budget: $40,000
Household Size: 5
Poverty Level:  below 175% of Poverty Level
*At one point they were at $30,000 which would have put them just about at the poverty level for their family size.

Saving the Crumbs:
2017 Expenses: $10,482
Household Size: 3
Poverty Level: below the Poverty Level by almost 50%

Points with a Crew:
2017 Expenses: $60,000
Household Size: 8
Poverty Level: below 175% of Poverty Level

Jessie Fearon:
2016 Estimated Expenses: $44,940
Household Size: 5
Poverty Level: below 175% of Poverty Level

Early Retirement Extreme:
Estimated Annual Expenses: $7,000
Household Size: 1 (just his expenses)
Poverty Level: below the Poverty Level

Notes. For some reason I thought this post would be a lot easier to write, but suddenly when I was actually seeking other blogger's budget, income, and expense reports, I couldn't find any relevant ones. What the..? I felt like when I started blogging I was inundated with the amazingly frugal income and expense reports. But hmm, suddenly all I could find were really high earners living a pretty financially reasonable lifestyle. Bait-and-switch?

Some additional food for thought on poverty in North Carolina.
Living Wage Calculations for North Carolina





































































Hourly Wages1 Adult1 Adult 1 Child1 Adult 2 Children1 Adult 3 Children2 Adults (1 Working)2 Adults (1 Working) 1 Child2 Adults (1 Working) 2 Children2 Adults (1 Working) 3 Children2 Adults (1 Working Part Time) 1 Child*2 Adults2 Adults 1 Child2 Adults 2 Children2 Adults 3 Children
Living Wage$11.36$23.80$27.25$34.16$18.71$21.55$24.57$27.15$16.59$9.35$12.77$15.20$17.39
Poverty Wage$5.00$7.00$9.00$11.00$7.00$9.00$11.00$13.00$3.00$4.00$5.00$6.00
Minimum Wage$7.25$7.25$7.25$7.25$7.25$7.25$7.25$7.25$7.25$7.25$7.25$7.25

source: http://livingwage.mit.edu/states/37

And because we all love a good infographic, had to share this...
My Early Retirement Journey - poverty in nc

Source: NC Justice

 
My Early Retirement Journey -poverty in NC

(23Aug2018 MERJ)

How does your budget compare? 
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selectivpovertypin-myearlyretirementjourney

Comparing An Actual Retiree's Budget to My Proposed Early Retiree Budget

I recently took over managing my aunt's finance. It's just paying her bills really because she "just doesn't know how."  Not only does this scare me about getting older and losing my ability to care for myself, but it brought up a curious case of, will my FIRE budget really work?.

I recently decided my bare bones budget for both an unexpected loss of income or FIRE is: 500/500/500 (rent/expenses/loan,other, cushion) 

The 67-year old Retiree Budget

 



































































































































































Auto-withdrawals
GEICO (car insurance)13th$70.23
Globe Life9th$14.24
Subtotal1$84.47
Remainder (Total Income - subtotal 1)$1,340.53
Recurring Bills
Tampa Electric$76.00
Metro PCS1st$45.00
Rent1st$433.00
Santander (car loan)24th$252.61
Spectrum$0.00
Subtotal2$806.61
Remainder (Total Income - Subtotal 1 - Subtotal 2)$533.92
Living Expenses
Food$200.00
Gas$30.00
Dependent$30.00
Subtotal$260.00
Remainder (Total Income - Subtotals x3)$273.92
Remainder for Miscellany$273.92
Prescriptions
Doctor's office
Gifts
Other

I copied the above data straight from a spreadsheet I'm using to keep track of her finances. For the sake of comparison, I reorganized the line items into the three main categories in my projected FIRE bare bones budget Housing/ Expenses/ Other. I also added $80 for internet and cable as an estimate. It's cancelled right now for Aunty MERJ for non-payment, but it's something I plan to have in one form or another.

 





















HOUSINGProjected CostActual CostDifference
Mortgage or rent$500$433$67
Tampa Electric$0$76-$76










Total$500$509-$9

 

























































ExpensesProjected CostActual CostDifference
GEICO$70-$70
Metro PCS$45-$45
Santander$253-$253
Spectrum (internet and cable)$80-$80
Food$200-$200
Gas$30-$30
Total$500$500
Total$500$678-$178

 







































OtherProjected CostActual CostDifference
Globe Life$14-$14
Dependent$30-$30
Medical$0
Other/Gifts$0
Total$0$44-$44

Now let's sum these and compare..

Final thoughts.
Based on this actual retiree's typical living expenses, it seems I would be able to get by. Some things would be different for me. For example, I likely would not have the car payment ($253/mon) that Aunty MERJ has. However, since I would not be of Medicare age, I would likely have some sort of health insurance premium. I don't even know what the range of something like that would be.  Overall, I think I would be able to live a simple life and get a couple trips or big expenses in now and then.  Big expenses would likely not include home repairs. So home ownership is probably unlikely unless I increased my  FIRE number or owned the home by the time I retired and thus could re-allocate some of the housing budget for repairs and maintenance.  This exercise was good food for thought and a great jumping off point for future projections.  Thanks for stopping by!

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