Financial Independence Interview-1500 Days
I enjoy reading many blogs today as part of my journey to Financial Independence, but very few make me laugh as often as 1500 Days. I have had the pleasure to meet Mr. 1500 Days for a beer and pizza where the conversation led to personal finance, financial independence, and everything in between. I consider Mr. 1500 Days a friend, a “good guy”, and a little crazy for carrying little dinosaurs around with him all the time. With that great introduction, I give to you the evil bike villain below.
Who are you and tell me about your reason for setting a goal of FI?
I blog anonymously over at 1500 Days as “Mr. 1500.” Sounds a bit like a villain, doesn’t it? I don’t have any ambitions to take over the world or even rob a liquor store, so I don’t think I’m a bad person. I do like to call Even Steven by “Stevie” though, so perhaps I’m slightly evil.
Deciding to pursue FI took about 2 hours. I had a bad day at work and I googled something like. “How do I retire early?” Mr. Money Mustache popped up in the results and I clicked over. He explained with numbers and logic, that it was not necessary to work until I was old and grey. His wise words resonated with my engineer mind and I was hooked. I have been pursuing FI with wild abandon ever since. Please see this page for the long version.
Who got you started and who motivates you on your Financial Independence journey?
MMM got me started, but the personal finance community has been incredibly supportive and motivating. There are so many great people out there writing such great stuff. Mad Fientist and Jim Collins both do fantastic work. Morgan Housel and Michael Kitces are two more of my favorites.
I always tell readers and other bloggers that if it were up to me, we’d all live in the same town. How awesome would it be to live in Frugaltown USA?
What or Who is your Why?
Options baby, options. I’m not talking about the stock market variety, but the ones in life. I want to be able to live life on my own terms. If I perform a service for money (you may know this as job), it should be because I want to, not because I have to.
What I’ve come to realize is that my dreams are bigger than my time. If I work 50 hours per week for the next 25 years, I’m not going to be able to travel, build, read, exercise and play with the children nearly as much as I want to. Work just gets in the way.
Do you have any debt? If so do you have a plan to pay this off before FI?
I have a mortgage of about $120,000 (12 years left at 3.25%). That is such an obscenely low rate, especially in the context of history, that I won’t throw as much as an extra penny getting it paid down. I’d much rather use extra money to invest or pursue business ventures. I love you 3.25% mortgage.
What planned income streams are you working on towards FI and Early Retirement?
At this time, absolutely none. I firmly believe in the 4% rule, so I’ll sell investments every year for money. I’ll keep some cash in the account too, so when the markets take a dump, I don’t have to sell low.
There is a chance I’ll buy a rental property, but I have yet to find one where the numbers work.
What are your plans during early retirement? (Travel, special projects, part-time work)
Read, play with the kids, bike, read more, build stuff in the garage, learn to weld, write code that I want to write, write words on the blog, travel to Washington DC to teach my children some history, build an electric bicycle, read even more, travel to the Pacific Northwest and watch Orcas in the ocean, learn to be a better photographer, did I mention reading?, learn woodworking, travel to Vermont for FrugalWoodStock, do 100 push-ups in a row, learn a new programming language, spend more time with extended family…
I could go on forever, but since my life won’t, I’ll retire early.
Did you enjoy the Financial Independence Interview and want to be included in our new series? Please reach out to EvenStevenMoney@gmail.com to be part of some very special company of Financial Independence bloggers.