< DadBodfi >
Crack a Beer. Crack a Joke. Crack the code to Financial Independence.
Maybe you discovered the concept of financial independence a year ago. Maybe you discovered it a month ago. Maybe, this is your day one. Either way, we believe the concepts of FI will ring true to you. Here at DadBodFI, we are going to do the best we can to arm you with the knowledge and tools you need to achieve financial independence but first, we think it’s important to get to the heart of the matter...The Why of FI.
Opportunities are a funny thing. They’re unpredictable and come into our lives unannounced but man are they powerful. Sometimes they surprise us and sometimes we work tirelessly in the hope that they might present themselves to us but one thing is for sure. If we aren’t prepared for them, opportunities smile at us as they walk quietly out the door. Opportunities of all shapes and sizes are on a hunt for the prepared and the prepared get rewarded.
We’ve grown up in a society that focuses on numbers. The problem is, they are the wrong numbers. We are taught at a young age we must aim high to secure a well paying job. We are taught the symbols of success have four wheels or a large number of square feet. We are educated to believe income, above all else, is king. This way of thinking is flawed. It mutes the other side of the equation, the most important side; the savings rate. How much of the money we earn is being invested or saved so that it goes to work for us? Let’s be prepared when opportunities enter our lives.
No doubt at some point in the future you are going to want to invest in something. You may want to invest your time, your money, or both. Maybe one of your kids will ask you to take on a big role in something which they are involved - coaching a sports team, being a scout leader, or maybe it’s a real estate venture with someone in your circle. Slow travel through Europe with friends anyone? If your hooked to your nine-to-five with no end in sight, you won’t even be holding seven-deuce offsuit at the hold'em table, you won’t be dealt in the hand at all (we love us some no limit Texas hold em so get used to those type of references). The path to FI has an overarching goal and it’s pretty simple: to hold all the cards. If you make some tweaks to your financial life now, you can open yourself up to all types of opportunities in the future. The tough part is, you don’t have any idea what those opportunities are sitting here today, but we have great news for you.. That’s completely okay. As you walk the path to FI you’re going to learn a lot, and we are here to walk with you. But there will always be some degree of unknown that you will have to come to grips with. The path to FI is so much than a race to a number. It is preparation for an amazing chapter of your life in which you and only you are the architect. You allocate your time. You allocate your resources. You decide who you want to be and what type of life you want to live.
We are going to cover a lot throughout this blog and we invite you to be a part of it. Let’s learn from each other. Tell us what you want us to focus on and we will dedicate time and effort to support you. The journey toward financial independence is going to take many twists and turns and we are excited for each and every one of them. After all, we only get one turn on this spinning ball of chaos, so let’s make it count.