Six glorious months of this year have come and gone, and here we are, halfway through 2018. This year has been an unusual one for the ThreeYears, as it wasn’t too long after I published my 2018 Goals post that we decided to move to North Carolina and began working on how to make location independence happen a year earlier. Honestly, the past few months have been a blur, and I definitely haven’t been regularly checking the goals I set for myself. So, let’s see what I have managed to achieve and set some kind of course for the second half of the year.
My 2018 Goal Sheet
Let’s take a look at my 2018 Goals Sheet. We’ll go section by section, and see how things are going. I’ll grade myself using my arbitrary grading system of whether I feel like I’m making progress or not. Continue reading “Midyear Goals Update 2018”
Hi! I missed you last week. First, we had a joint work conference for Mr. ThreeYear, then we spent one day loading the moving truck, then one day cleaning the house, two days traveling from New Hampshire to North Carolina, and one day prepping for our close. By the time you’re reading this, we’ll be homeowners once again, this time in North Carolina.
I wanted to blog so much but it wasn’t happening.
I’ve never been so tired. Maybe after having the kids. Definitely after having the kids. But man, this is a close second. Moving is hard. Of course, we know it will be amazing once we get moved in and settled down, but for now, not knowing where my pjs are, or Mr. ThreeYear’s iPad, or pretty much anything, is disconcerting. Throw a mandatory joint work conference, an 8-year-old birthday party, and a graduate class with tons of work into the mix, and I was fried.
Also, yesterday, my sister thought she’d speed up my transition into North Carolina living, by taking me to a yoga class on someone’s back porch in 88 degree weather. Ten minutes into class, there was a puddle of sweat on my mat. And I think (ok, I know!) I belong in the beginner yoga class. These ladies were popping up into headstands on a dime. It’s a really good thing there’s no picture of that.
If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Since we’ve achieved the latter goal, we’ll be primarily focused on the former in each of these reports going forward. Each month, I record our progress on our net worth and our spending. Last year, we increased our net worth by 32% over the year before. This year, we’re trying to increase it by more than 65% from where we started in December 2016. Given the wild ride the market’s likely to take us on this year, I’m not sure it’s doable. But we’re going to try.
This month’s net worth report will be a little strange. It will take into account the (massive) loss of equity in our net worth from the move. We paid for realtors’ fees, closing costs, repairs, the move itself, attorneys’ fees, hotel stays, eating out, and the other myriad costs to move. Was it worth it? 100%! We’re living our dream of location independence (very firmly in one location, but hey, that’s what we want). It is a little hard to write down in black and white, though. Continue reading “June Net Worth Update”
After I posted our news that we’re moving to North Carolina this summer and will officially be location independent, some of you had questions. I thought I’d publish a follow up post to answer those questions and hopefully shed a bit more light on some of the decisions we made.
But first, make sure you read this post that details that plan. It contains a lot of information about where we’ll be and what we’ll be doing!
Okay, on to your questions!
Jalpan from Passive Engineering asks, “My question would be on the numbers. How did you decide your original number and how did you reach the conviction that you’ll still be okay even though you’ve not hit it?”
Great question, Jalpan. When we first decided the net worth number we wanted to hit, we knew it wasn’t the same as our FI number. In order to be completely financially independent, we’d need to save up more than our double net worth goal. But, we assumed that during location independence we’d either:
be working full time or
be traveling for a short amount of time, like a year
That’s right, we’re doing it a full year and a half earlier than our plan. Needless to say, we’re pretty excited.
No, we haven’t reached our goal of doubling our net worth (we’ll keep working on that). And no, we aren’t going to take off on an around-the-world trip (yet!). But we are going to be able to move wherever we’d like.
We’ve sold our house in New Hampshire. We’re just waiting until the end of the month to close and move. I’ll be sure to write about all the details of our house sale and move later this summer.
And, we’ve found a place to live in a small community in a lake town of North Carolina.
How Did This Happen?
We felt very good about our timeline of becoming location independent by the end of 2019, and were working hard to save up and make decisions about how we’d make our location independent lifestyle look (if you read earlier posts, you’ll see we’ve changed our minds on that a lot over this past year and a half). But, this January, I had a fateful conversation. Continue reading “The Big News”