It’s incredible to believe that we’ve completed one year of our Three Year Experiment! Our goal as a family is to double our net worth and become location independent within three years, or right as I turn 40. Our family currently lives in New Hampshire, which is a beautiful state, but far from both my and my husband’s families. And so cold! For someone who’s suffered from seasonal affective disorder (or SAD) for years, winters are really tough for me.
So, we sat down just over a year ago, and created the big, hairy, audacious goal of doubling our net worth in just three years, so we wouldn’t be as dependent on traditional jobs and therefore not as tied to one place. Our dream is to be able to split time between two continents, or perhaps move to an international country for several years, and travel extensively, as we love to do.
Last year I dubbed “A Year of Good Habits.” Each month of the year, I focused on adopting one new habit to help us achieve our goal (I wrote about the results of that experiment here). I found that yes, making your bed each day does help you get better at financial stuff. Strange, but true. When you start the day with small accomplishments, you start to believe you’re someone who gets things done. You begin to trust yourself more. And that trust carries over into how you manage your money, how you spend, and how much you save. We were able to save up cash for several costly home repairs, completely pay off our apartment in Chile, and kill our last car loan. We increased our net worth by more than 32%, getting us really close to hitting 1/3 of our goal of doubling our net worth in Year One.
Since last year’s experiment was such a success, I thought this year needed its own theme, a new challenge. Mr. ThreeYear and I sat down and talked about the one thing that we could do to help us reach our goal more easily. Both of us decided that we could do better in food spending. In 2017, our average monthly spending was $966. We spent almost $12,000 in just groceries last year. While we live in an expensive part of the country for food, we feel that we waste a lot of food, and could do much better at our food spending. Continue reading “A Year of Good Food: Spending Less and Eating Well”
At the beginning of 2017, our family of four started a three-year journey to double our net worth and become location independent. Doubling our net worth in just three years is our family’s big, hairy, audacious goal, and becoming location independent is a work in progress. We’ve still got to figure out where to move, what jobs we’ll have, how our kids will go to school, and lots of other decisions. We have many ideas that we’re working on, but we don’t have one clear decision made about what we’ll do at the end of 2019. But big, life-changing goals are like that sometimes. We muddle through and take each step on faith, hoping that we’ll eventually see the light at the end of the proverbial tunnel.
Where are we staying, exactly? Santiago has tons of AirBnBs, hotels, and hostels. But we didn’t want to spend money on those options when Mr. ThreeYear’s whole family lives here. So we’re staying in… our apartment!
Thirteen years ago, Mr. ThreeYear and I bought an apartment for his mom to live in, right before we left Chile to live in the US. All of the details of our purchase and payments are detailed in this post.
The apartment is located in one of Santiago’s 37 comunas. We’ve argued about the best way to translate this word, but I think they’re best described as neighborhoods, although they are official units of governance within the city. Mr. ThreeYear says the correct translation is municipalities.
The “best” comunas are in the Northeastern sector of the city–La Reina, Las Condes, Vitacura, Lo Barnachea, and La Dehesa, a community so exclusive it isn’t even on the map.
Our apartment is located in San Miguel, a comuna that’s right in the middle of the city (which I never realized!), just under the big red Santiago comuna. San Miguel is famous for, among other things, being home to Los Prisioneros, probably Chile’s most famous rock band from the ’80s. It’s where Mr. ThreeYear grew up, and where a lot of his family still lives (it seems like every other day we run into a distant cousin when we’re out walking). Continue reading “Notes from Chile: Lodging and Transportation”
Happy New Year! As this post is being published, it is now 2018. I hope you’re having a great year so far!
Just under a year ago, I started writing this blog in earnest. I published a few posts in the fall of 2016, but had done absolutely nothing to promote them. In January of 2017, though, I started commenting under others’ posts and listing my website. Mrs. Frugalwoods, who lives close to me, graciously met with me, and she filled me with inspiration and practical ideas, as she is wont to do. I went home from that meeting with a lot of ideas percolating, one of which was to start blogging about the habits that could help me in achieving our family’s goal of doubling our net worth and becoming location independent in three years, which I dubbed “A Year of Good Habits.”
The idea came in part from Charless Duhigg’s infinitely practical book The Power of Habit: Why We Do What We Do in Life and Business. Duhigg is great at telling stories, and one of the stories he told really stuck with me: there was a young woman named Lisa who was overweight and a smoker. She was in debt and had never held a job for longer than a year. Her husband had just announced he was going to divorce her, so she took a spur-of-the-moment trip to Cairo, because she hadn’t yet maxed out her credit cards and had always wanted to see Egypt. One morning on her trip, after feeling helpless about the life she faced back home, she got in a cab and rode by the Pyramids. She decided, as she saw The Sphinx and the Pyramids of Giza, that the only way to change her life was to set a goal to work toward. So she decided to come back to Egypt in a year and trek the desert.
In order to do that, she knew she would have to quit smoking. So she went back to the US, gave up cigarettes, and started jogging. Replacing that one bad habit with a good one led to a series of new habits that changed how she ate, slept, exercised, worked, and organized her day. She eventually started running half marathons, then marathons, then went back to school to get her masters, bought a house, and got engaged. Continue reading “A Year of Good Habits: End of Year Reflections”