I don’t have many boring friends. With my closest friends, there are no topics off the table – finance, politics, and sometimes this blog. When I tell them that we spend less than $40k a year and still get to do everything we want, they believe that’s how I feel. The most common response I get is, “That’s great for you, and I might be a little jealous, but living like that isn’t something I could do.”
Some people love stinky cheese, but it’s an acquired taste.
We are all being honest, and I can understand when they say “I like being able to walk into a restaurant or bar and order anything I want.” I’ve heard this same phrase from several friends, and I used to be the same way. I remember when happy hours were my reward, and I spent money without additional consideration. Now I consider the value of any purchase I make, and I’m happier for it, even if it seems like a pain to some friends.
I tell them to chalk it up to hedonic adaption – more money doesn’t make you happier. But after studying a bit more about hedonic adaptation, I realized there is more to it than just the part about money. Continue reading
Every new year, hordes of new members flood our gym. New sneakers, yoga pants, and track suits adorning the tender bodies that have been shaped by fast food and ergonomic cubicle chairs. They wander aimlessly, resolute to make changes, and yet beyond how to dress, they are clueless. I’m always happy to see new people wanting to make changes, but most of them give up before even learning a routine.
I hope you aren’t giving up on your resolutions.
I spent too much time early in my career trying to beat the market. I read a bunch of investment books and scoured the internet for trading tips. After all that work, my results were only mediocre. I wanted a to find a shortcut – investments that would make me a millionaire overnight. But more risk does not always come with more reward. I’ve found that the best way to invest is with a boring, yet highly effective and efficient Three Fund Portfolio.
Buying solid investments for the long term.
I’m enjoying a cup of tea while the sun warms my face. I just got a comfortable new office chair and desk. The desk is small, spartan, minimalist, everything I wanted. I set it up in front of a big window. Now I can lean on my desk, propping my chin on my palm, and stare out the window contemplating life. It’s the perfect setup for my home office. I can roll the chair around to grab my guitar, or a snack, or a beer, or to blast some tunes on the stereo. I got this this desk for free with the same technique I use to get the best price on anything.
The spot for reading, writing, and rocking.
The stock market is going to crash, but I’m prepared because the last time I learned the hard way. It was March of 2009, we were in Hawaii and the stock market was on a tear. We had rented a house on the eastern side of Oahu where we could snorkel and kayak from our backyard. And after a year of heavy losses the stock market crash was finally coming to an end. Everything was right in the world, but I was feeling ill – I had just realized my worst financial mistake. Continue reading
Love is something we can’t buy or sell, yet it’s one of the greatest gifts we can give and receive. Getting married is an affirmation that two people love each other so much that they want to spend the rest of their lives together. There is a lot of meaning behind a wedding, but there can also be massive expenses. I’m lucky to be married to my best friend, and we share many of the same values. For both of us, a huge wedding wasn’t what we wanted. In fact we only spent $20 getting married, and Mrs. CK wanted to share the story of our simple ceremony.
We do a fair amount of traveling. Travel costs were our second highest expense last year – at over $7,000, it was 18% of our $38k spending in 2016. This year, we mean to put a serious dent in those numbers through more extensive travel hacking. So far, we’re off to a good start. We booked a 9 day all-inclusive vacation to Jamaica – and we didn’t pay a dime for it.
A prior trip to Jamaica.
There were a lot of changes for us in 2016. Half way through the year, I quit my job, drastically cutting our income. At the time, we decided we were financially independent if we could spend less than $40k a year. But then we started to travel a lot more, spending over 2 months on the road exploring Colorado, New Mexico, Nova Scotia, Maine, and Costa Rica. I was also in a wedding and went to Montreal for a bachelor party while Mrs. CK enjoyed a weekend at the spa. We went sailing, fishing, hiking, biking, and ate and drank like kings. Overall, I think we have been living pretty damn well, but what did it cost us?
We did a good bit of traveling in 2016.