9 Keys To A Successful FIRE Journey with Stan Kwak

[@BSGSV]

Excellent talk. And the first words in the video are spot on: focus on the savings rate. Slow and steady progress wins the game.

[@TheCrusher_StanKwak]

Thanks @BSGSV! I appreciate the feedback. I do truly believe that Savings Rate is by far the most important item to focus on that is within your control. Focus is the key word. Focus and ignore the noise. And yes, it is much more a marathon than a sprint. 👍

[@christinab9133]

❤❤❤

[@tythepunter]

This was really good. I am in my 3rd “One more year” and need to think a little bit more about what if things go right.

[@TheCrusher_StanKwak]

Thanks @tythepunter! OMY syndrome is very much a real challenge for many even though it wasn't for me. I think it might be most helpful to try and drill down to why OMY is a particular challenge for you. I would suggest starting with a Seven Whys. Why do you feel the need to work OMY? Etc. I find that most OMY people arrive at an emotional answer (feelings) vs a spreadsheet driven answer (dollars). Good Luck and let me know how I can help! 👍

[@timdelp3861]

Great talk, thanks for sharing

[@rpjordan]

My favorite point was the "What if everything goes right?" shirt. So many people are quick to bring up areas I may have overlooked or potential pitfalls. All I want to say is, "Trust me, I've obsessed over this for years, but I appreciate your concern."

[@TheCrusher_StanKwak]

Thanks @rpjordan! I actually wish I had bought that shirt when I first saw it. 😁 I agree with you regarding people being so quick to focus on potential pitfalls. Unfortunately this type of negativity is increasingly popular throughout the world. Like you, I ran the numbers a zillion different ways to make sure we would be likely fine. Of course there is no 100% guarantee. I think part of the challenge is people want a 100% certainty button and those do not exist in the world. Good luck on your journey! Let me know how I can help! 👍

[@FIRE_DrNinjaTurtle]

I love these presentations

[@TheCrusher_StanKwak]

Thanks @FIRE_DrNinjaTurtle! BTW, love your screen name. There is a really an amazing amount of information on the CampFI channel. I would highly recommend attending one of the CampFI events. The value they offer is fantastic. The one-on-one conversions with attendees are a particular highlight. Let me know if you choose one of the Florida ones. I would love to say hi! 👍

[@FIRE_DrNinjaTurtle]

@@TheCrusher_StanKwak I will be there one day. I am traveling so much in early retirement that I have not settled down yet. I am in Alabama so I will be at one the Florida CampFi events.

[@brian7110]

I found the $1400 dollars of Dunkin Donuts to be so relatable HAHAH. 10% of the way on my FIRE journey. Thank you for the great talk and your insight!

[@TheCrusher_StanKwak]

Thanks @brian7110! We were late to look at our spending but I am happy to report that doing so allowed us to catch up and spend much more mindfully. And we absolutely spend. 💰 Great to hear that you are in the early stages of your journey! This is a very exciting time. If I can help in any way, let me know. 👍

[@FIRE_DrNinjaTurtle]

I found Daniel Gilbert

[@TheCrusher_StanKwak]

I really like his work. His TED talk is amazing! 👍

[@bryansmith2824]

If you don’t show your actual numbers how do you expect people to relate? Very dissappointing

[@CampFI]

Curious what numbers he didn’t show that you would have liked him to. He did show numbers.

[@brian7110]

There are endless talks about FI with numbers and we all have heard the "Shockingly Simple Math" talk a million times. He likely just used percentages to be modest. Valuable talk and funny take on certain aspects of FIRE!

[@TheCrusher_StanKwak]

Thanks for the feedback @bryansmith2824. Sorry to disappoint. I am guessing here a bit since you did not specify which numbers you wished I had included. I suspect it might be the net worth data near the end of the talk. I was actually not trying to be coy as I thought the percent growth was more helpful. To add context our net worth in 2012 was $914K. This is inclusive of our primary residence but did not include any savings we set aside for our son's college education. When we retired in April of 2022 our net worth was just under $3.1M. Hope this helps. If you are looking for more, just reach out to me. 👍

[@TheCrusher_StanKwak]

Thanks@@brian7110! I appreciate the feedback! 👍

[@TheCrusher_StanKwak]

Thanks for the feedback @bryansmith2824! I am happy to share any numbers that I did not already share. I am not exactly sure which additional numbers you wanted since you did not specify in your comment. I suspect you may be looking for dollar figures for our net worth growth. If so, no problem. Our 2012 Year End Net Worth was about $915K inclusive of our primary residence but excluding any money that we had put aside for our son's college expenses. When we retired on April 1st, 2022 our Net Worth was just under $3.1M. Hope this helps add clarity. If I can help in any other way, please let me know. 👍