Hi there and welcome to Eff You Money. My goal here is to write down my journey to financial independence and early retirement. My salary is modest ($55k/yr), but so are my needs. I need about $28k/yr to survive comfortably.
I’m a 31-year old software developer who never graduated college (hell, I just managed to scrape up a GED). I should have no business trying to be financially independent…much less FI in <15 years. But where there’s a will, there’s a way…and I have a lot of research under my belt. There’s a ton of good early retirement and personal finance blogs out there…and the result of reading almost all of them? I have a lot of excess money.
Most of the blogs I’ve seen out there are written by married people with high double incomes. So, I want to show people that the little guy can do it too.
We have plenty of time to go over exact numbers, but for now, I want to take some time to discuss why I want Eff You Money.
Much like this very wise man, I want the security of never having to worry about money ever again. I want to amass my modest fortune into various assets and have them generate a salary for myself, all on their own. Once that is done, I want to be able to do whatever I want. Since that time will be over 10 years from now, I think it’s safe to say that I don’t know what that is yet. I can say, that no matter what I do, I would like a base salary of $28k+/yr paid from my assets.
I want this salary so that I can live life by my terms. If I want to work from home, I’m going to do that. If I want to take June-August off, I’m going to do that. I want to spend my energy living life based on what actually gives me happiness, rather than chasing jobs and money to buy what won’t. Things don’t make you happy and I want the free time and freedom to chase happiness more productively. The price of this freedom? Lots and lots of cash in money-returning assets.
My challenge, however, is to create this mountain of assets in a short time (<15 years), on an entry-level salary, with only a GED-level education, being single (well, not married). I do have a good start, I have the correct mindset, I’m determined and I will not fail.
Hopefully during this whole accumulation process, I can share what I know and maybe encourage others in their similar journeys. Or, at least it’s therapeutic for me to write! Speaking of, I imagine there are going to be a lot of posts about lifestyle design, philosophy (as it pertains to money/happiness) and I wouldn’t be surprised if a drunken rant made it on here.
Next post, I’ll try to document where I am in my humble beginnings. This way, I have something to track every month. I have some more ideas, but I think I’ll just cruise for awhile posting content. Snazzy things can wait.