Retirement Plan & Forever Lists

As part of a FIRE retirement plan, you need to have an idea of total cost. As a minimal apartment dweller, I don’t have all of the things I’ll need for my retirement. While I may not have these items yet, I’ve compiled some starter ‘forever’ lists of what I think I’ll need to meet my needs for my entire life. My retirement plan is comprised of 3 main pieces:

  • A Canadian homestead
  • A Canada-based adventure van
  • A foreign property in a warm climate to hide from winter

I haven’t fleshed out my plan for more foreign property yet, but I have started to think about needs for my adventure van and homestead. A lot of the items listed cross over between the two, so I’ll have a shared, homestead, and van list. Let’s get into it!

Shared Items

  • First Aid Kit – Safety First, folks! [PURCHASED] [Needs Upkeep]
  • Fishing Rods – Teach a man to fish, and he’ll eat for a lifetime. [PURCHASED]
  • ChopsticksThe only utensil you’ll ever need! [PURCHASED]
  • French Press – Always keep good coffee on-hand. [PURCHASED]
  • Hand Coffee Grinder – Don’t waste power grinding coffee. [NEED]
  • Cookware, Silverware, Tableware – Stainless steel will last forever. [PURCHASED]
  • Mattress – Good mattress = Good sleep. Good sleep = Longer Life. [PURCHASED]
  • Fire Extinguisher – Safety First! [NEED] [Needs Upkeep]
  • Butane Stove – Portable stove for indoor, road, and outdoor use. [NEED]
  • Carbon Monoxide Detector – Safety First! [NEED]
  • Smoke Detector – Safety First! [NEED]
  • Water Jug and Pump – Depending on water use, this may not suffice. TBD. [NEED]
  • Wire Rack – For campfire cooking at home and abroad. Incredible [NEED]

Adventure Van Items

  • Dash Cam – Gather video, and cover your ass. [NEED]
  • Car Toolkit – Carjack, Jumper Cables, Pump. [NEED]
  • WiFi Extender – Use wifi from outside a store..keep a lower profile. [NEED]
  • Sleeping Bag – A warm weather sleeping bag that works into fall. [PURCHASED]

Homestead Items

  • General Toolkit – Screwdrivers, Socket Set, etc. [PURCHASED]
  • Canning Pot + Jars – Preserve the fruits of your labour. Literally. [NEED]
  • Hunting Rifle – Hunting offers a great opportunity for food and experience. [NEED]
  • Tiller – Cut time and expand your garden operation. [NEED]
  • Fruit Trees – Start these as early as possible. Pears, Apples, Peaches, etc. [NEED]

What do you have on your forever lists?

-Mike

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FIRE: Where is the excitement?!

Okay, so I’m going to humble myself really quick. I don’t know shit about Financial Independence/Early Retirement. I’m new to the idea, and I haven’t even gotten close yet. There is so much passion coming from the people involved in this idea, they study every aspect of how to make the dream the reality. These people are the sensei to my samurai; seriously. These people love the journey and the result.

However, maybe I just don’t see the raw excitement coming from some when they reach financial independence. I guess it’s sort of like winning a race; you’ve reach the end, you feel good but you’re gearing up for the next one. I really hope when I reach FI that I can showcase my passions and really share the experience with anyone who will listen. FI is when you earn true freedom and you really get to own every minute of your life. Yell about it! Tell everyone! Say everything!

I know a lot of the publications I read are tailored to their viewer, but I’d love to hear about how amazing the end result is! Listen to a podcast that makes me want to pickup my keyboard, throw it across the room and go buy motorbike and drive across south america. Maybe finance isn’t emotionally exciting, but it could be, you know?

Maybe I’m just being a dick and ranting. Maybe I’m showing my thrill seeking behaviour. Whatever. Hopefully I can bring some fire to FIRE.

Stay tuned for more heat.

-Mike

Useful Subreddits

I’ve been reading http://www.reddit.com for a long time. Typically I’d waste time reading useless junk. I mean I still do, but I used to, too. All jokes aside, there is a tonne of great resources on Reddit and tonnes of talented people. Find me at /u/torontosurvivalguide

Below are some subreddits that contain a treasure trove of useful information to help make you more self-sufficient:

Business

DIY

Finance

Food

Lifestyle

Philosophy 

Self Sufficiency

Shopping

Travel

I hope you find something you like!

-Mike

 

 

The Cost of Minimalism

I’ve seen a lot of articles lately talking about how minimalism is only something afforded to the rich. I see where these authors are coming from. When you’re poor, you’re not minimal by ‘choice’. When you’re rich, you can be minimal by ‘choice’. Rich people also have the circumstances to afford sleek minimal furniture, durable clothes to keep a minimal wardrobe, etc.

I would argue against this, however. The more effort one puts in, the better results they’ll get from their minimalism. While thrift shopping I’ve managed to pickup durable t-shirts and clothing that is ‘Made In Canada’. In my short life, I don’t think I’ve ever seen a t-shirt in a retail store that is made in Canada. Now I own a wardrobe made up of robust pieces, that I only wash when they’re dirty or smelly, and hang dry to increase longevity.

By spending more time hunting down sales, checking prices, thinking through purchases, I’ll be able to save a lot of money. Alternately, this money may not going into monetary instruments, but be invested into higher quality needs (a new pair of winter boots, for instance).

I haven’t come up with a good way to quantify how much money I am saving by my new found passion and lifestyle, but I am sure in the long term it will benefit my mentality and my wallet. Minimalism, to me, is more than just saving money. The mental benefits it brings me are far more valuable and I believe you should do things that make you happy first and foremost.

Regardless of what your lifestyle is, move with intent, and think before you spend.

-Mike