While I do not really consider myself in the category of bloggers who are aiming for Financial Independence and Retiring Early (FIRE), I definitely admire those who are. A few months back, I read a great post on how FIRE means very different things to different people. (I wish I could remember the post or I would link it here. Anyone else remember?) My payoff the mortgage goal is motivated mostly by the fact that I would like to pay the least amount of interest on my home loan as possible. Why pay $90K when I could pay $25K with some sacrifice?
Recently however, I have been going through some HR issues at work. Remember that blog post I wrote about potential increase in income? Talk about counting your chickens before they hatch! The situation came to a head on Friday and I was very disappointed and genuinely insulted by the proposed outcome. I thought about the situation all weekend long. My husband suggested that I go ahead and quit. I thought long and hard about my financial and family goals. Could I really just abandon my goal to pay off mortgage? The simple answer was yes. While it would have been more ideal for this situation to have occurred in say 5 years (November 1st, 2021 to be exact), we have set up our lives that we don’t need my job to survive. By keeping our debt minimal and expenses low-ish, we have reached financial flexibility. While not quite independence, it felt good to be able to make a decision about my career based on values and not bills. A comforting peace came over me and after short prayer, I emailed HR rendering my registration unless the issue was addressed in a different manner.
While my husband isn’t interested in early retirement, I really want him to also get to a place of financial flexibility. At some point in the future, I hope to have a deeper discussion with him regarding how we can both be in a place where we can tell our jobs where to shove it if need be. There is incredible power in being able to create your own destiny! In simple terms, this is what FIRE means to me. Maybe I am a FIRE blogger after all!
I am curious if you consider yourself reaching for FIRE? What does that mean to you?