The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: Re: What keeps you going?||Date: 9/26/2003 7:25 AM|
|Author: jmjkon||Number: 917 of 5048|
what keeps you going on the way toward FIRE?
Like others, my motivation comes from seeing others close to me make horrible money mistakes. Constantly seeing a bad example reinforces my will everyday.
Also, I'm a saver by nature, so that helps. The one thing thats hard is realizing how long FIRE will take, with 2 kids, wife, and mortgage. So you have to have balance - have a little fun along the way while STILL saving at the same time.
It's not easy, but one trick I do is I keep track of my savings in an excel spreadsheet. It's nice to see the numbers increase month after month. Also, making a chart out of the numbers is a nice visual as well.
I've been doing it this way for 6 years, and over time you can really see significant progress if you stick with it. It's cool to see the power of compound interest at work!
Good luck all - JK
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|