What are you going to do when FI?
Quick discussion today around the question “what are you going to do when FI?”. Let’s hear from you too in the comments!
Mrs. CF’s brain is definitely wired differently than mine, which is why were are such a great couple (if I may say so myself :-p ). Despite some differences being surprisingly big, we do supplement each other on many fronts. Fortunately we are also in sync on so many other items (including finances and ethics). Love her to bits, she is a great woman, wife and mom.
Mrs. CF is more of an introvert and values other things then me (e.g. more emphasis on family). To put it boldly, I’m a bit of a loose cannon who talks too much (extrovert) and sometime thinks too little. She is the patient and stable (less erratic) force in the household. She’s also an extremely good listener and as a result liked by most people she encounters, whereas I can upset some people from the start with my opinions. I’m bored in no-time, yet she can do the same thing over and over again. She is a bookworm, I cannot even find the patience to read a magazine! Yes, our marriage still works, strange eh? However, different brains also poses a challenge regarding what to do when FI.
When we started on the path to FI, she asked me “ what are you going to do when FI? ”. The interesting thing is that I had no idea! I was far to occupied with the here and now of trying to figure out how to get to FI. I’m a problem solver by nature, and “ what are you going to do when FI? ” is a problem I can solve when it gets close or when I’m there. In short, I was not worried about that question at all! Mrs. CF, who has a far better idea of what she wants, was a bit surprised (and probably a bit frustrated that I really did not care that much about that stage of our future life).
But I have to admit, she’s right! I do have to start thinking about what I want, what we want and can do as a family. It all is going to have to fit around Miss CF having to go to school mandatorily until she’s about 16 (or is it 18?) year of age. For those people tuning in the US/Canada, home schooling is not permitted in this country. You can get a serious fine for this (and they will find you). We will therefore have some restrictions during our initial years when FI.
What I would like
This is what I (Mr CF) would like to do if there would be no restraints (e.g. family, school, investment wise, etc.):
- Slow travel and house sitting for many years in various countries such as Chili, New Zealand and Peru (bonus points for those who see the connection!). Also on that (wish) list are Namibia, Thailand, Vietnam, Japan, Croatia, South Africa and USA (specifically Hawaii and Alaska).
- When I’m done with the above, I’ll find someting to entertain myself. This has never been a problem before 😉
But the above isn’t going to happen due to school restrictions for the next decade and a half! Nor does Mrs. CF want to live out of a suitcase for more than a month.
What I/we most likely will do
Now here is the more realistic outlook of what I/we are planning for (in random order):
- Frequent travel (as much as restrictions, time and money will allow);
- Find a nice and/or build small-ish property with a large yard (working toward being self-sustainable as much as practically possible);
- Get two K9’s (potentially in combination with fostering/volunteering for an dog shelter);
- Start a small (consulting) business (part-time only – just for fun and interaction with people);
- Keep blogging and organizing meetups with ATL;
- Prepare for a Olympic/quarter triathlon (just me);
- Beating my personal best on the 10km and onwards to run one under 42min (depending on how it does, might become 40min).
- Increase our real estate venture (not for the income, purely for fun); and,
- Learn new skills including home DYI (considering an internship with a construction company for a year or so) and car maintenance.
Even when hitting FI somewhere within the next 5 years or so, we will likely continue on a bit longer (part time!) to increase the stash and allow various extra’s that we currently have not accounted for (such as the two dogs, increased travel frequency and perhaps even a little sports car).
What are you going to do when FI?
So, now that you have an idea of what floats around in my and our minds, we would like to know what’s in YOUR’S! Let us know what you want would like to do, and what plans you have to get there or how to tackle any obstacles.
If you already made FI plans before, how have they stood the test of time?