Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
I recently wrote about life changes that I thought might happen… soon.
Well, even though Mercury was retrograde, nothing stopped chugging along. In fact, everything got a swift kick in the butt. And now life is different.
I’ve been getting used to the new rhythm. It feels so different. And it’s given me a chance to review where I’m at and how I want to move forward.
What is FIRE?
FIRE stands for “Financial Independence, Retire Early.”
It’s a long-term goal with actionable short-term steps. Right now, I’m focusing on those short-term steps.
It’s mostly been a nice mix of all those things but with a slant toward points and miles.
Now the other stuff is coming back into play in a bigger way.
I have debt
In the beginning, I felt more comfortable writing about points and miles because it’s what I knew the most about.
I’ve been reading a few personal finance blogs and reviewing where I was this time last year. And the year before that. And I’ve already started to take action.
In The Climb to Pay Off Debt and Be Financially Independent, I wrote about how I wanted to eliminate all of my debt and save up money. That was dated August 13, 2013. Since then, I haven’t made any headway.
The desire was there but the mindset was not.
Now I’m still in the same position I was in, but now it’s time. It’s really time.
My debt is an out-of-control flaming emergency.
AKA “make excuses?” I really don’t want to. So I won’t.
- I got lazy
- I didn’t prioritize a payoff plan like I should’ve
- I didn’t have the right mindset about a payoff plan… or about money
But I did start reading (a lot of personal finance blogs).
I think I’m somewhere between:
But not as extreme as Jacob from Early Retirement Extreme.
These are the blogs that have spurred me into action.
I plan on updating my progress from time to time.
To keep myself accountable. To keep on track. And to simply share my progress.
I also want to become more comfortable talking about money.
I was raised thinking about asking someone about money was taboo. But I’ve been sharing my FIRE plan with my friends and have gotten such good feedback about savings accounts, where to invest, interest rates, and the little actionable steps along the way.
So I want to keep talking about it. And learning more.
The site’s tagline has always been:
Investing. Positivity. Oh, and travel.
Time to get back to it!
All good stuff here. June’s been a rollercoaster so far and it’s only the halfway mark.
I’m curious to hear how others meld the points and miles hobby with their financial goals. How are they related?
Stay scrappy out there!* If you liked this post, consider signing up to receive free blog posts in an RSS reader and you’ll never miss an update! And thanks for using my links to apply for new card offers!
Out and Out has partnered with CardRatings for our coverage of credit card products. Out and Out and CardRatings may receive a commission from card issuers.
- Chase Sapphire Preferred - Earn 100,000 Chase Ultimate Rewards points and 2X bonus points for travel and dining - BEST EVER OFFER!
- Chase Ink Business Preferred - Earn 100,000 Chase Ultimate Rewards points and 3X bonus points for travel, internet, cable, and phone service
- Capital One Venture Rewards - Earn 100,000 bonus miles and 2X miles on every purchase with no bonus categories to think about
- Amex Blue Business Plus - Earn 10,000 Amex Membership Rewards points and 2X bonus points on up to $50,000 in spending per year with NO annual fee
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.