Featured

Cruise tips from a frequent cruiser

I went on my first cruise in March 2008 on the biggest cruise ship in the world (at that time), Royal Caribbean’s Freedom of the Seas. I was part of a group of 17 people, traveling together to celebrate my sister’s then-future-in-laws 25th wedding anniversary. We had such a great time that we came back home and talked about that cruise vacation for years. It inspired more friends and family to join the party the next time, resulting in a group of 41 cruisers on the Allure of the Seas in January 2014. The trip was a blast, but with so many people in our travel group, people started having other ideas for the next fun group trip (like an all-inclusive resort in Mexico or the Dominican or something) so cruising sort of fell off my radar for several years. Plus, it was a little expensive for me at the time, as a young, single homeowner, and finances were tight coming out of the Great Recession.

In hindsight, I definitely did a few things right on those early cruises:

  1. I was the third wheel in a room with my sister and her then-boyfriend/now-husband on the first cruise, and repeated that as the 3rd occupant in my parents’ balcony cabin on the second one. Rooms are priced based on double-occupancy, so the third (and sometimes fourth) occupants get a break on their cruise fare.
  2. I lived in Florida, so I was able to avoid the additional expenses (and headaches) of flying in a day early, staying in a hotel near the port, etc. I just woke up the morning of the cruise and drove to the cruise terminal, which meant paying for parking but not plane tickets, airport parking and a hotel. PS: There are cruise terminals all over the US, including Seattle, Los Angeles and San Diego, Galveston, New Orleans, Mobile, Tampa, Miami, Fort Lauderdale, Port Canaveral (near-ish Orlando), Jacksonville, Charleston SC, Norfolk, Baltimore, NYC, and Boston, among other smaller/seasonal cruise ports of call. Oh, and Hawaii and Alaska!
  3. I was in a group, so we worked with a travel agent and were able to get a group rate. This is advantageous because cruise lines have LOTS of rooms to fill for each sailing of their ships. They happily provide discounts to travel agents who help them fill 10 or more rooms in one sale/sail (see what I did there?) and they’re dealing with an experienced travel professional instead of multiple individuals who may call with a bunch of questions, installment payments, etc.
Some of our group of 41 did a pub crawl on Allure of the Seas, January 2014

Cruising after Covid

But then Covid-19 happened, and the cruise lines were required by the CDC to shut down from March 2020 until July 2021. These companies were burning through cash to keep their ships afloat, their essential personnel paid, and they started scrapping some of their older, smaller, and less efficient ships. Even when cruising resumed, it was not uncommon to find ships sailing at 30-40% capacity for many months after the restart. By Christmas 2021, ships were back in the 75-90% range (busy holiday travel being the main reason), but then cruising was walloped by the Omicron variant and headcounts dipped again in early 2022. But by Spring Break 2022, many ships on mainline cruise companies (Royal Caribbean, Carnival and Norwegian) were back to nearly 100% capacity. Tip: ships are always fuller when kids are out of school on holidays and spring/summer breaks, so if you can, plan to cruise when schools are in session for a cheaper and more-relaxing vacation.

Of course, to fill up their ships, the cruise lines were running some good promotions. On the cruises where I paid for my fare with cash, I was able to get a balcony stateroom for around $100 per night, including the port fees and taxes. Gratuities for the staff are in addition, but you can pre-pay those with your cruise fare if you’d like. Inside cabins were cheaper, but not by a whole lot, so I had 5 balcony cabins on my first 5 cruises, between December 2021 and March 2022.

Points and miles

For any points-obsessed readers, I did not use any travel miles/points to book any of my cruises, but that’s not to say I wasn’t still playing the points and miles game while cruising. I’ve now been on 17 cruises in the past 14 months, and have 5 more booked in the next 3 months. This has allowed me to explore different ways to save money and/or earn thousands of travel miles while traveling to over a dozen countries in the past year.

It should come as no surprise that cruise vacations code as travel expenses on my travel credit cards. If I use my Bilt Rewards MasterCard, I get 2x points on all travel expenses (and 4x during their Rent Day promotions that are typically the first day of the month). A Chase Sapphire Preferred would earn 2 Ultimate Rewards points per dollar spent on travel while the Chase Sapphire Reserve card would earn 3 UR points per dollar.

Cruises can also be a great way to earn future free travel, since the upfront cost and/or your onboard charges can help you meet a minimum spending requirement on a new card. Like many of you, I plan my new card opening strategy around planned large expenses (car insurance, home renovation projects, etc.) and cruising can be one of those excuses to open a new card for your planned vacation spending.

Another tip that I have used (but not exploited) is to visit the casino and load some cash onto a slot machine via a room charge. This charge will be added to your final bill and be settled on the credit card you selected for onboard spending, but you can cash out your ticket at the slot machine and turn it into cash at the cashier window. You’ll want to avoid doing this at a table game (think poker, roulette, blackjack) because the cruise line casino will hit you with a 3-5% charge, negating the benefit of getting free points on some light manufactured spend.

The best tips I know for actually using your points and miles on a cruise are as follows:

  • Use miles and points for your flights to the cruise port and hotel the night before (ALWAYS plan to arrive a day early – way too many flight disruptions nowadays could make you miss your cruise vacation).
  • Use a “travel eraser” card like the Capital One Venture. Put the spend on the card like normal, but then redeem your accumulated points for a statement credit towards those legitimate travel expenses.
  • Some of the bank travel portals like Chase Ultimate Rewards and Bilt Rewards actually use the Expedia travel search technology, so anything you could book on Expedia, you can book using points by calling the Ultimate Rewards or Bilt Rewards and having them book your cruise (unfortunately I am not aware of the ability to book through the portal online). This one does require you to do the research on your own ahead of the call, but it’s a way to use your accumulated URs and Bilt points for cruises.
  • I would actually encourage you to Do Not Use this recommendation 😊 – The cruise lines all have their own co-branded credit cards. You could sign up for them, earn the bonus and then get those points credited to your cruise booking as “onboard credit” to pay for drinks, wifi, gratuities, shore excursions, photo packages, specialty dining reservations, souvenirs, etc. But the cards have low earning rates and the points are usually only worth 1 cent per point. I like to get more value AND flexibility out of my travel points and miles.

Money-saving tips

In the vein of trying to find ways to save money, I have paid for some Carnival cruise expenses with discounted gift cards I purchased online. I was able to save 8% on my cruise fare to Alaska by buying the gift cards on Raise (stacked with Rakuten), and I also bought some Carnival gift cards through my car insurance rewards portal (Allstate Rewards) for 10% off face value. Carnival lets you use gift cards onboard, whereas my experience with Royal Caribbean is that you can only use them for purchasing a new cruise.

If you are interested in purchasing a drink package, wifi package or photo package on your cruise, or if you really want to do a specific excursion, the best advice I can give you is to book early. Not only does the price go up after you’re a captive audience onboard the ship, but those popular excursions can sell out, leaving you with fewer options once you arrive in port.

Don’t automatically assume the drink package is worth it. A cruise blogger/YouTuber named Tanner at Cruzely has created a drink package calculator that helps you decide whether to purchase the expensive package (hundreds of dollars!) or if you’re better off just paying by the beverage and not forcing yourself to overdo it to feel like you got your money’s worth. Check out the calculator at https://www.cruzely.com/cruise-line-drink-package-calculator/. Remember, the cruise line has all of the purchase/consumption data, and they wouldn’t be selling the packages if they didn’t make them more money, so if you’re not a big drinker, it’s probably better for your wallet (and your health) to skip the drink package.

Sail with a friend. As I mentioned in my first tip at the start of this blog post, cruise rooms are priced based on double-occupancy. But some people like me sail solo, which means we’re left paying for the empty spot in the bed next to us (although fortunately only one set of port fees, taxes and gratuities applies). If you find a friend or partner to go with you, you can split that double-occupancy charge down the middle instead of absorbing it all yourself, like I do. Sometimes I have do a lot of shopping around to find specific sailings to find itineraries without the dreaded “solo supplement” aka solo penalty surcharge, which makes solo cruising more affordable, but you won’t be on the fanciest ships in the fleet or visit the most exciting destination, and that’s ok if you’re looking for a relaxing cruise vacation.

Bring your own sunscreen, medications, wine and/or soda from home. All of those things are available on the cruise ship with big mark-ups, but save yourself a few bucks and bring them from home. Cruise lines tend to allow you to bring 2 750ml bottles of wine and a 12-pack of cans of soda. Carnival sells a reasonably-priced package of water bottles, which is a worthwhile pre-purchase so you have water in the room, for excursions and for the pool. Money nerd tip, sunscreen can be paid for with FSA and HSA funds.

Loyalty Programs

And just like with your favorite hotel and airline programs, your loyalty is rewarded. But unlike hotels and airlines, the status you receive from major cruise lines is good FOR LIFE! For example, in Royal Caribbean’s Crown & Anchor Society loyalty program, you first earn Gold status at 3 nights, then Platinum at 30 nights. There’s not a whole lot of benefits at these low levels, but you do get some onboard offers like priority board, a couple drink discount coupons, and discounts on future bookings. At 55 nights, you earn Emerald status, which is effectively the same as Platinum except you get some bottled water and cookies delivered to your room on embarkation day.

Royal Caribbean’s Crown & Anchor Society levels

But at 80 nights (lifetime) you hit Diamond status, and this is where your loyalty really feels rewarded. 4 free drinks every day of your cruise (say goodbye to buying expensive drink packages!), one day of free internet every cruise (in case you need to check in for a flight to go home, check email, upload awesome pictures to social media and make your friends jealous! Ha), and many other smaller benefits.

The next step is Diamond Plus at 175 nights (5 free drinks daily, 2 days of free internet, and more) and then the highest status is Pinnacle at 700 nights (6 free drinks and a personalized lapel pin to show off being top status). Both of these status levels also get priority seating at theatre, ice shows and AquaTheatre shows, plus access to the Concierge Club and usually preferred seating at the pool or a private deck altogether.

AquaTheatre onboard Oasis of the Seas

Levels Platinum through Pinnacle all receive some level of discounts on booking balconies and suites.

The only other cruise line status I’m somewhat familiar with is Carnival. You start as Blue on your first cruise and work your way to Red after your first cruise. Gold is achieved at 25 nights and Platinum at 75 nights. Top tier is Diamond at 200 nights. I don’t find their Very Important Fun Person (VIFP) program to be very rewarding. You get a 1.5 liter water bottle for being red. Same water bottle and a pin for being gold, plus if your cruise is 5+ nights, you get 1 free drink after 5pm on the last night. Platinum and Diamond get you priority boarding, tendering, and debarkation, plus some free bags of laundry while sailing. But your VIFP status is shown to everyone by the color of your Sign & Sail (room key) card, so everyone knows the passenger with a blue card is a Carnival newbie, while red and gold are in the middle and the grey/platinum and white/diamond cards are top tier.

Casino Programs

Of course, on most ships there are casinos situated in the middle of the action. It is not uncommon to see all ages of people walking from one end of the ship to the other, conveniently through the casino floor, to go from dinner to the show in the theatre, or vice versa. Casinos are big business for the cruise lines, and they also have their own points programs to reward big bettors and frequent cruisers.

I’ll start with Carnival this time, which is where I got my first free* cruise. I use the asterisk, because there are always still port fees, taxes and gratuities to be paid, even when the casino gives you a free cruise. I’ve taken 3 free* cruises on Carnival by matching my Caesars Diamond status (matched from Wyndham hotels Diamond status, matched from IHG Platinum Elite which was a benefit of carrying the IHG credit card) at https://www.carnival.com/Registration/Promotions/casino-funmatch.aspx After receiving my matching status on Carnival, I started getting free* cruise offers based on that new status in Carnival’s casino. I still get emails every week based on that status, which I have used to visit the ABC islands in the Southern Caribbean over Christmas 2021, to the Eastern Caribbean over Spring Break 2022, and to visit Alaska in August 2022. And for all three, all I had to do was pay port fees, taxes and gratuities, although the first two also had a required $200 deposit that became onboard credit to spend on the ship during those 8-night cruises. I have not found Carnival’s program to be very transparent on the number of points you earn or what levels you might earn, which is why I’m not sharing any details of the program here.

In the casino onboard Carnival Freedom.

Royal Caribbean’s casino also has a tier/offer matching program in their Club Royale program https://www.clubroyaleoffers.com/TierOfferCruiseMatchRequest.asp I was not able to use this since I already cruise Royal Caribbean, but it would be great for someone new to Royal Caribbean that has status on another cruise line casino or a land-based casino program. Once you’re onboard, you earn 1 point for every $5 played through the slot machines (1 per $10 for video poker) and at the table games it’s based on your average hand over the course of an hour of play. But the free* cruise rewards start at 800 points on an individual sailing in the form of an Instant Cruise Rewards Certificate that can be redeemed on the last day of the cruise at the NextCruise office onboard. And they track your play over the course of a year, so once you hit 2,500 points in Club Royale within a year (April 1-March 31), you earn Prime status, which includes free drinks in the casino for the rest of the rewards year in which you earn it and the whole following year (so currently until March 31, 2024) and an anniversary free* cruise that’s good for up to 8 nights in an inside cabin for 2 passengers. I’m not encouraging everyone to gamble – that’s the opposite of the money recommendations I typically give on my blog, but if it’s something you enjoy and can afford to lose the money, at least there are ways to earn more free trips along the way, and maybe you’ll be a lucky winner too!

Rewards for playing games

Other ways to score free cruises or at least some discounts or free play in the casino are through the MyVegas games. There are 7 that I’m aware of, including MyVegas Slots, MyVegas Blackjack, MyVegas Bingo, PopSlots, MGM Slots and myKonami Slots all have mobile game apps for your cell or tablet, and MyVegas Classic Free Slots can be played on desktop from Facebook.

MyVegas games on my phone

In the past year, I have redeemed my MyVegas loyalty points for a free 5 night cruise in a balcony cabin, $100 in onboard credit on another cruise, and a 10% discount on a balcony cabin. But those free games also have earned me a free carwash in California, a free night hotel stay in Nevada, a ticket to the New York New York roller coaster in Las Vegas, Complimentary entry and a drink at the Aria hotel in Las Vegas, and a free pass to use the Las Vegas Monorail.

Part of my redemption history from MyVegas rewards

None of these were particularly life-changing, but cool additions to my road trip plans along the way. The available rewards change all the time, including other cruise lines being added from time to time. I have seen free* MSC cruises on occasion, plus currently there is a promotion with Norwegian cruises, although they all sold out quickly. I think it is a way for cruise lines to unload some last-minute room availability through their casino partners, and encourage play onboard the ships, although you can absolutely book MyVegas rewards and not step foot in the casino on the ship.

Miscellaneous tips

Join the Facebook group for your sailing – AKA “Freedom of the Seas January 16, 2023” and you will be able to link up with other cruisers on your actual sailing date. There are usually meet & greets, pub crawls, slot pulls, door decorating contests, and other fun events, plus people can ask questions about the ship, the itinerary, dining, or whatever else they want to know more about. There are always seasoned cruisers in the Facebook groups that are happy to provide info.

Same goes for a website called CruiseCritic.uk or an app called ShipMate. ShipMate is cool because you can load all of your past and future cruises, post photos of ships and ports, and connect with your ship-mates. For example, I heard about ShipMate from a couple on my Liberty of the Seas sailing in November 2022, and they were also on my Harmony of the Seas sailing in December 2022. In the app, I can see their upcoming cruises they have already booked, and if we were actually friends, it would create extra excitement to be booking the same itinerary as my cruise buddies.

CruiseMapper.com shows you the location of any cruise ship in the world and its current and future itineraries. It can be fun to see another ship at sea and guess which ship it is, where it came from or where it’s going, etc. But you can also see statistics about the ship including passenger capacity, crew size, ship length and weight, year built, and home ports.

Download the cruise line app. It’ll serve as your boarding pass and your activities schedule, plus you can see the menu in the dining room, your onboard account charges, etc. But once you leave the cruise port on embarkation day put your phone in airplane mode. I have heard horror stories of people who walked off the ship at the end of the week with a bigger cell phone bill than what they paid for the whole cruise, since they were roaming the whole time they were at sea! You can connect to the free wifi to use the cruise line app, and you can use wifi in your ports of call. Check with your cell provider to see if your phone plan works in your various destinations and/or how much you’ll be charged if you use it in a foreign country/network.

And while I don’t typically encourage investing in individual company stocks, this blog post would not be complete without talking about the Shareholder benefits that are available for cruisers who own at least 100 shares of the cruise company stock. For example, Royal Caribbean stock is currently trading for about $65/share, so am investment of $6,500 would get you onboard credit of $50 on a 2-5 night cruise, $100 on a 6-14 night cruise, and $250 on sailings of 15+ nights. It’s not a huge additional return for being a shareholder, but you still own the shares and I think about it as betting on the recovery of the cruise industry as a whole. And the same types of benefits are available on Carnival and Norwegian, which are trading for about $11 and $16, respectively. That’s a much smaller outlay of cash to get possibly hundreds in extra onboard credit to use to enjoy your cruises.

When preparing for your cruise vacation, I recommend watching YouTube videos of the ship you are sailing and the ports you are visiting. Your cruise vacation is already short, so there’s no reason you should wander around the ship the first couple of days feeling lost, or not realizing some of the amazing attractions, venues, shows, bars, etc. exist on your cruise ship. And it adds to the anticipation of your cruise by learning about your ports of call, the excursions available and special features of the ship that others might miss. Better to spend a few hours at home watching YouTube than losing valuable time.

I also strongly urge you to check your Passport expiration date. If you don’t have a Passport, you’ll want to get one, and if your Passport expires within 6 months of your sailing date, you will need to renew it.

Packing tips

It is very commons to over pack for your cruise vacation. I have done 17 in the past 14 months and still tend to over pack a few items. One tongue-in-cheek packing tip is to pack for your trip, then take out half of what you put in there 🙂 It’s not a big deal if you happen to re-wear a shirt that you only wore for a few hours on day 2. Remember that most of these people are never going to see you again in your life. And worst-case scenario, you have to pay for laundry on the ship. You can also try to do laundry in your stateroom bathroom, which tend to always have a clothesline in the shower for hanging items to dry.

If you really need to pack more, try using packing cubes, which come in various sizes and allow you to pack more items into the same small space and keep things tidy. I like to pack an entire outfit in each packing cube, so I can just grab one and be ready for the day. Expert level packing cubes – unpack your clean clothes and then use packing cubes to keep your dirty clothes contained, plus it’ll make it easy to re-pack your suitcase to go home on the last night of your cruise.

Modern cruise staterooms have limited electrical outlets, and they aren’t always conveniently located. Most staterooms I’ve stayed in have had 1 US electrical outlet and 1 Euro-style outlet above the desk/vanity portion of the furniture in the cabin. There is also 1 plug available in the bathroom that is usually labeled “shaver only.” But unless you are on one of the fancy new ships, you will probably want to bring a plug adapter or a USB-hub to be able to charge multiple digital items at once (cell phone, digital camera, GoPro, Kindle, FitBit, etc). And it’s always a good idea to bring a battery backup so you can charge on-the-go while on excursions or on a long day of taking selfies or Instagram Reels around the ship.

And now a courtesy tip: if you check a bag with the porters at the cruise terminal, it is customary to tip them a dollar or two per bag. They’re doing the heavy lifting and letting you get started on the fun onboard without having to drag your luggage onto the ship. Your bags will be delivered to your stateroom sometime during the afternoon or evening of embarkation day, most likely while you are out enjoying a sailaway party or grabbing dinner.

Which leads me to one final packing tip – pack anything you might need day 1 with your in your carry-on bag. This could be phone chargers, swimsuit, sunscreen, medications, and a change of clothes. Perhaps even pack your pajamas, because sometimes baggage takes a while to arrive, but it’s pretty much always delivered in the afternoon or early evening.

Community-sourced tips

Justin from the blog Root of Good is an early retiree and frequent cruiser who shared another tip with me. He says https://cruisesheet.com/ is the “best resource for finding the cheapest cruise or a particular kind of cruise with the port taxes and fees added in. I don’t know of a similar resource that offers that level of transparency.”

Also from Twitter, Collin from https://trybetterfare.com/ has introduced Better Fare, a service to help you find better deals on your cruise reservations. There’s no risk and no money down, but if they are able to find you a better rate, you’ll get a refund of the difference or that amount paid in onboard credit, and Better Fare will charge 30% of the savings they were able to find for you. They also added a section on their website where you can shop existing cruise deals they’ve found, and I’m happy to report that I came up with this idea for them.

Featured

My horrible house story v2.0

As the title implies, this is the second time I’ve written out my horrible house story. I wrote the original one in 2017 but the story keeps evolving and I also lost the original version when I migrated my blog – womp womp.

I will try to be a little more concise with this attempt, since the previous version was over 8,000 words, IIRC. But I will also give some new updates *spoiler alert – my home was flooded this week by Hurricane Ian*

I thought I was doing everything right – first in my family to go to college, graduated on time in 4 years and with a moderate amount of student loans ($15k) thanks to several local and university scholarships. I’d moved from my home state of Indiana to Florida, where I’d impressed as an intern during my required college internship and they’d created a position for me when I graduated. Before my first-year apartment lease was up, I was looking to buy my first home.

Josh's house
Photo of my house from 2018 – a 2-story, 2 bedroom townhouse

I initially bought my 2 bedroom, 2.5 bathroom townhouse in a golf course community in North Fort Myers, FL in April 2006. If that timing doesn’t seem familiar, it was the peak of the market in my local area, right before the Great Recession would change us from the fastest-growing county in the US to the scarier #1 in the nation in foreclosures. According to my (I’m assuming bogus) appraisal, I walked away from the closing table with $10,000 in equity above and beyond my purchase price of $175,000.

Because of the housing market crash, and the resulting downtrend in the whole economy, my home lost a considerable amount of value. My neighborhood was hit especially hard, since the golf course had been purchased by a developer trying to turn it into a destination resort, but they lost the property in a $94 million foreclosure. I didn’t get an appraisal, but my assessed valuation dropped so much that my property tax bill from 2007 of around $1,500 dropped to as low as $129.15 in 2010, and that’s for the whole year! I was working for the local county government as a city planner at the time, and when our tax revenue dried up and permitting of new homes ground to a halt, so did my employment with the county.

My property tax history from 2008-2017, showing a low of $129.15.

But the economy had been struggling for over a year before I was let go from the County. There were reports of residential burglaries, thieves stealing copper from homes and businesses under construction, and eventually they struck my house, as well. On a random Tuesday morning in August 2008, they jimmied the sliding glass door at the back of my house, removed everything of value (tv, laptop, Playstation 2 and all of the games, cash, and whatever they could toss in my gym bags quickly). The took liquor bottles, and Gatorades and sodas out of my fridge. It was a 90+ degree day, I don’t blame them for that part!

To add insult to injury, I had only recently before the break-in upped the deductible on my home insurance. If the burglary had happened a month earlier, I would have had $1,000 in uncovered losses, but I lost $2,500 because of the deductible.

I do give credit to the burglary with helping me tend towards minimalism in the years since 2008. I never replaced some of the missing items, because in the time I waited for the insurance settlement, I learned I didn’t need all of those things. (This will be a critical development when a hurricane struck in September 2022.)

And older photo of my living room, with minimal decoration or “stuff”

During the Great Recession in 2009, I was a jobless city planner in an area with no growth, but I still had a mortgage to pay. I wound up moving back home to Indiana and lived with my parents in my childhood bedroom from ages 26-28 (2009-2011). I eventually found a job as a Grant Administrator to help small communities around Indiana to get their share of the American Recovery and Reinvestment Act (ARRA, better known as Stimulus) money. But I was making $11 per hour, which was barely enough to cover my mortgage. Fortunately, my parents were letting me live there rent-free and I lucked out with other expenses like car/health expenses in those few years. But eventually the stimulus money dried up, and I was jobless again.

I kept looking for a job in Indiana, but that wasn’t yielding any results. My parents suggested a vacation down to Florida to go check on my house, and since lodging was free, it would be a pretty cheap trip. I reached out to some of my old coworkers, and they invited me to lunch one day. After hitting one of our old favorite lunch stops, they invited me back to the office to see any of the other coworkers who were still left (2+ years later, there weren’t a whole lot). But one person who was still there was the Community Development Director, who came running out of her office with a printout of a job description that was pretty darn similar to what I’d done for 4.5 years for the county. It was for a small town in the area (Fort Myers Beach), as the Planning Coordinator and Floodplain Administrator. When I worked for the County, we were still the contract planning and zoning staff for the Town, since it was newly-formed in 1995 and they wanted to keep their staffing “lite.” But by the time of this job posting, they had taken over their own community development staffing, and I would fulfill that similar role, in addition to floodplain management – which I knew almost NOTHING about. I went and visited the office during the last few days of my stay and filled out an application. One of the planners in the office was from my university, just 1 year ahead of me in school, so I feel like that helped me stand out with the hiring decision. After a phone interview and a couple month delay, I decided to drive down there with a carload of stuff and a week-worth of clothing for a second interview, hoping to get the job and figure out the logistics of getting the rest of my stuff from Indiana another time. I lucked out, and flew back over Christmas to grab some of the things I’d left behind.

Learning about floodplain management in Fort Myers Beach was an interesting experience. If you’ve seen the news lately, this area is splashed all across the TV because of its low-lying situation on the Gulf of Mexico. The whole Town is an island, and is 100% in the “Special Flood Hazard Area” aka the high-risk flood zone. All new construction had to be elevated between 10 and 22 feet above sea level, but there was a lot of existing development on the island that was anywhere from 3-8 feet above sea level, which is to say that most of that was pretty much sitting on the ground. Communities that participate in FEMA’s National Flood Insurance Program are required to regulate development in their high-risk flood zones, and that’s true even for the older homes that may be renovated, remodeled or repaired over time. There’s a “FEMA 50% rule” that limits the amount of improvements to 50% of the structure’s value, and if the homeowner wishes to exceed 50% of the value, they have to elevate the existing home up to current elevation requirements. Of course, this usually means homeowners scale back their projects and stay at the same low elevation/high risk of flooding.

Southwest Florida is a beautiful place to live, but it only takes 1 really bad day like September 28, 2022 to ruin it. Hurricane Ian slammed into the coasts of Sanibel, Fort Myers Beach, and surrounding areas with a 15 foot storm surge and 155 MPH winds. Just so you know, that’s 2 MPH less than the threshold for a Category 5 storm, so it was one of the 5 strongest hurricanes to EVER hit the US. Those homes that were 3-8 feet above sea level have been completely wiped out. Nothing standing except debris piles sitting on concrete foundations. The new construction from the past couple decades are still standing, most likely habitable, and stand as a testament to the work that floodplain managers do to protect property.

Fortunately my house is inland, but only about a half mile off of the large Caloosahatchee River. Storm surge stacked up in the river and came ashore many miles inland, including my neighborhood. I haven’t been back to see it yet, but a couple neighbors have confirmed that we flooded on the ground floor. The only depth mentioned was “more than 2 inches” which made me let out a huge sigh of relief, because as a floodplain manager, I knew my (older) home was a few feet below the current elevation required. It could have easily been 3-4 feet of flooding, so 2+ inches was way less than I had feared.

Trees down, roof damage, and storm debris everywhere.

FEMA has a “cost of flooding” tool on their website, which shows that for a house my size, 2-3 inches should be around $12,000 in damage, versus the $40,000-44,000 in damage that 3-4 feet would have caused. You can take a look at the tool here: https://www.floodsmart.gov/cost-flooding

I still have a mortgage, and my house is in one of those high-risk flood zones, so Flood Insurance is required. That’s going to be a huge benefit for me and my recovery from the storm. I recommend everyone purchase flood insurance, because it can flood anywhere it rains and over 25% of all flood claims come from outside the high risk zones.

Routine “nuisance flooding” on my street in summer of 2017.

Speaking of mortgage, I initially purchased the home with a 30-year, 3/1 Adjustable Rate Mortgage (ARM) that started with a 4.75% interest rate. After that initial lock-up period of 3 years, the interest rate fell to the floor of 4% for over a decade. Eventually in 2019, I refinanced to a 15-year fixed mortgage at 3.125% interest. I was able to trim off about 2.5 years of payments, took out a little bit of extra cash, and locked in a low rate. This mortgage is one of the reasons I’m reluctant to sell my place, since I can’t get financing at anything near this attractive rate anytime soon.

The one bright spot during the past 16.5 years was that I parlayed my Grant Administrator training into a $50,000 grant to help pay down my underwater mortgage. I bought the place with a fancy 3% down payment mortgage from a local credit union that they created for first-time home buyers. Unfortunately that meant I never really had much equity in the house, and then when prices plummeted, I was underwater on the mortgage for about 12.5 years. All of the assistance to homeowner from several federal bailouts were only for people with conventional, bank financing. Unfortunately my credit union mortgage didn’t qualify. But eventually, the Florida Department of Housing took some of the money from fines levied against the big banks and created a grant program for homeowners like me who’d been underwater, never missed a payment, and were considered low-to-moderate income for the area. I wound up writing that grant and getting funded for the maximum-allowed $50,000 to pay down my mortgage balance. The credit union then re-cast my loan, lowering my monthly mortgage payment by over $400 per month! This was actually a 5-year forgivable grant, with $10,000 forgiven each year I stayed in the home after the grant award in 2014. By 2019, the whole amount was forgiven and I was no longer underwater on my mortgage.

Featured

Moves to make in a down market

April and May of 2022 were ROUGH months in the US stock markets. As I’m writing this, the month of May closed on a high note, but that came after 8 consecutive losing weeks, where the S&P briefly touched an intra-day low of 20% below the recent peak, which is the technical definition of a bear market. Does it really count as a bear market if it only happened for less than an hour? Since then, we’ve had a nice reversal higher, especially in some of the hard-hit consumer discretionary and tech stocks.

But these past couple months have had me thinking – what should I, as a long-term investor, do during periods of prolonged downturns?

Stay the Course

Surely we all know to continue our regular contributions. The stock market is the only marketplace in the world where people are afraid to buy when things go on sale. If you just keep making your regularly-scheduled deposits (think 401k contributions with every paycheck, or maybe a monthly Roth IRA contribution), you’re buying more shares with each buy as the price goes down, and down, and down.

“Ok Josh, that’s the easy part. That’s the set-it-and-forget-it model.” Thanks Ron Popeil!

Ron Popeil with the Ronco Showtime rotisserie grill and his famous tagline

But I wondered “what can a regular investor do to increase their long-term performance, or reduce the amount of lifetime taxes that they’ll pay?”

Tax-Loss Harvesting and Roth Conversions

Tax-Loss Harvesting is when you intentionally sell a stock that is below your initial purchase price, which allows you claim that loss on your tax return. That loss can offset gains in other investments, meaning you wouldn’t own taxes on that investment gain. It could also offset up to $3,000 in ordinary income come tax time. If the loss is greater than $3,000, you can carry over the remaining loss to future tax years. Obviously this needs to take place in your taxable brokerage account, since your retirement accounts are shielded from taxes until you start making withdrawals.

Roth Conversions are when you send money from a pre-tax retirement account (think 401k, 403b, Traditional IRA, SEP-IRA) into a Roth IRA. This triggers a tax bill on the full amount of the conversion at your highest marginal tax bracket, BUT then that money is able to grow tax-free and be withdrawn tax-free in retirement. The reason to consider this move during a downturn is that your pre-tax account balance has decreased, meaning the amount of taxes due has also decreased, and then when the market recovers to make new highs, those dollars are in the more lucrative tax-free Roth IRA account to grow for your future. This move has an additional benefit of lowering your future Required Minimum Distributions, which start the year after you turn 72 years old, and increase over time because your life expectancy decreases as you age.

I wrote more about Tax Loss Harvesting in my article “The Secret Superpower of the Mini Retirement” where I provided more explanation in the way of examples, but as the market continued its slide, it reminded me that this can be good moves for people that are in their working years, too. Unfortunately, it will happen at higher tax brackets than the Mini Retiree who has little-to-no income. I would suggest that the ability to move the money from pre-tax to post-tax while values are reduced can still be an advantageous move if you can afford the additional taxes in the current tax year since it reduces your future tax liability in your retirement years.

Don’t Panic

Whatever you choose to do, the main thing is to not panic and sell. When stocks go down, it can be scary, as your hard earned money seems to disappear into thin air. But you don’t actually lose any money unless you sell those shares at a price below the price where you purchased them. The US stock market has a 100% past history of recovering from stock market crashes and returning to new all-time highs. Past performance is not indicative of future performance, but I feel safe investing in something with a 1.000 batting average (perfect, for non baseball fans).

Featured

The Secret Superpower of the Mini-Retirement

In this crazy era, filled with work-from-home/e-learning, Covid-19 disruptions, and the Great Resignation, it seems like more people than ever are interested in taking a mini-retirement. The much-touted benefits of a mini-retirement include taking time to relax and decompress from stressful work (and life) situations, maybe doing some travel (when it is safe to do so), or perhaps working on a side hustle/passion project that you never have enough time for when you are working full-time. But there are some major financial moves that can be made in a year with low- or no income that could put thousands of dollars back in your pocket over your lifetime.

As you know, we have a graduated income tax system in the United States. Every dollar that you earn from your job, plus interest from savings accounts and CDs, short-term capital gains, and non-qualified dividends are taxed at “ordinary income” tax rates ranging from 0% (hidden on the tax tables), 10%, 12%, 22%, 24%, and so on. And for qualified dividends and Long Term Capital Gains (when you sell a stock for a profit, after holding it for at least 1 year), those earnings are taxed at the lower Capital Gains tax rates of 0%, 15% and 20% (with some additional taxes due for certain high-income taxpayers). To qualify for the 0% Capital Gains tax rate, your ordinary income tax rate needs to be in the 12% tax bracket or below.

Tax Gain Harvesting

The paragraph above leads to a very easy example of how someone can benefit from reduced taxes when they have a low/no income year. In this example, the mini-retiree has accumulated shares of AAPL (Apple ticker symbol) and held them for the past several years. The basis (ie. the amount the shareholder paid per share for the stock) is $40 per share, but at the time I am writing this post, AAPL trades for $172 per share. There is a potential $132 gain per share that can be “tax gain harvested,” which is where you sell the stocks and pay the taxes owed, and in the case of the 0% Capital Gains bracket, that is zero dollars. If this was done in a year with a normal amount of earned income, the tax due would be $19.80 to $26.40 PER SHARE. If our mini-retiree sells 50 shares of AAPL, that’s a $990 to $1,320 savings in taxes owed.

One more thing about Tax Gain Harvesting, you can still re-buy the same stock right away if you want to; it does not have the same 30-day restrictions in place to avoid a “wash sale” that Tax Loss Harvesting has in place. In this case, you are simply raising your tax basis (again, price paid per share of the stock) and avoiding taxes due on the future sale of the stock because you no longer bought AAPL for $40, you bought it for $172. Let’s say it grows to $200, you would only owe taxes on $28 in Long Term Capital Gains at that future date, rather than the $160 in growth from your original basis of $40 up to $200.

heap of different nominal per dollars
Better to keep these in YOUR pocket, not Uncle Sam’s. Photo by Karolina Grabowska on Pexels.com

Roth Conversion

Most retirement plans in place in the US are pre-tax retirement accounts. These are commonly called a 401k, 403b, 457b, TSP, Traditional IRA, SEP-IRA, etc. When you contribute to these accounts during your earning years, the amount of the contribution is deducted from your taxable income from the year, thereby reducing your taxes owed. It can be a great way for people to save for their own retirement, but the downside is that all of those dollars still need to be taxed by Uncle Sam, and that happens when you are older, no longer working, and probably need every dollar that you are withdrawing. To add insult to injury, Uncle Sam starts getting impatient about waiting for his cut of your retirement savings when you turn age 72, and demands that you withdraw a “Required Minimum Distribution” starting at around 4% of the account value and going up each year so that he can finally get paid his cut of your retirement savings that you stashed away decades ago. When you add these RMDs to other retirement income like Social Security or some type of pension payments, these older taxpayers can find themselves in very high tax brackets and have no tax flexibility because their income will be high for the rest of their lifetime.

But there’s another type of retirement account, the Roth IRA, which allows you to contribute after-tax dollars and then the account grows tax-free for the rest of your life. This type of account didn’t even exist until 1998, and the Roth 401k became an option in 2006, so many workers and current retirees hold most of their retirement assets in traditional (pre-tax) accounts and not nearly as much in Roth (after-tax) retirement accounts.

The tax code allows you to “convert” money from a Traditional IRA into a Roth IRA, but since those Traditional IRA dollars were not taxed yet, you must pay the taxes due on the amount of the conversion. Money in a Traditional IRA is taxed as Ordinary Income upon withdrawal or conversion, so we’re back to those same 0%, 10%, 12%, 22%, 24% and above brackets that apply to your paycheck. If you make a conversion in a year where you are working, this just adds additional income on top of your already well-deserved paycheck, and could bump you up into a higher bracket, or at the very least you are paying your highest marginal tax bracket on the conversion. I would recommend waiting for a year with low/no-income and making a conversion when you can pay 0%, 10% or 12% (and probably worth it to go to the top of the 24% tax bracket if you have millions in pre-tax retirement accounts). By paying the (lower) taxes during a mini-retirement, those dollars are now the more valuable Roth IRA dollars, which will grow tax free for the rest of your life and can be withdrawn tax-free in retirement. “Seasoned conversions” can also be withdrawn tax and penalty free after the 5-year seasoning period, regardless of your age.

Expiration of Tax Cuts and Jobs Act (2017)

One more thing to consider is that the tax brackets I have mentioned a couple times in this article (0%, 10%, 12%, 22%, 24%, etc) are only temporary. They were lowered starting in 2018 and are set to expire at the end of 2025. Unless Congress passes another costly tax bill, brackets are set to reset to 0%, 10%, 15%, 25%, 28%, etc. so there is a limited window of the next ~4 years to capitalize on these temporarily lowered tax brackets. Each of these lower 4 tax brackets are set to go up by 3-5% when the TCJA expires, so it just makes sense to push money from a Traditional IRA (or similar) into Roth accounts before that deadline passes.

quote box ontop of stack of paper bills
Tax laws are ever-changing. Be sure you pay only what you owe and nothing more. Photo by Karolina Grabowska on Pexels.com

0% tax bracket

While there is not an official 0% tax bracket on all of the marginal tax bracket tables you have ever seen, there actually is a hidden bracket that does not get taxed. That is called the “standard deduction,” which in 2022 is $12,950 for single taxpayers, double that amount ($25,900) for Married Filing Jointly, and $19,400 for Head of Household. That means the first several thousand dollars of income each year are not taxed, and then the 10% bracket and all of the others kick in on income above that amount. This is just another helpful benefit of the tax code for our mini-retiree in a low/no-income year when it comes to making the money moves outlined above.

Conclusion

These steps allow the mini-retiree with low or no income to make massive changes to the amount of future taxes owed, all because they have planned ahead a little bit. This is not “cheating” the tax code – it is making smart decisions and paying only the taxes due and not a dollar more. This does require living off of personal savings and paying out-of-pocket for one’s own health insurance, but it also provides these huge tax advantages and a chance to reset and recover from this difficult period in one’s career/family/life. This move is especially beneficial for people in their 20s, 30s and 40s, because those Roth Conversions can grow tax-free for many decades to come.

What do you think about mini-retirements? Is this truly a superpower? Would you tax a year off in the middle of your career to make some of the strategic money moves outlined above?

Featured

Gap Year travels – Fall 2021

Thank you to those who’ve already read the first 2-ish months of my gap year travels. If you haven’t yet, you may want to go start there and come back.

August

This month wasn’t a very big month of traveling for me, since I had just done the 20-day road-trip in July, but I did fly back to Florida (Orlando) to do a little bit of “work.” I’m on the Board of Directors of the Florida Floodplain Managers Association, and we were having an in-person board meeting and a planning session for the upcoming national conference that we will be hosting. This was as good of an excuse as any to fly down and spend a few days in sunny rainy Florida.

Selfie at the Caribe Royale in Orlando, where we are hosting a national conference in May 2022.

I purchased my tickets on Southwest, but instead of using my accumulated Rapid Rewards points, I decided to pay mostly with some Southwest gift cards I had picked up in 2019. Hint: sometimes stores like Staples will run a sale on Southwest or Lowe’s gift cards and you can buy $100 cards for $90. I’ve done this quite a few times through the years. I also bought some Uber gifts cards on a website called Raise, where you can buy discounted gift cards that other people are trying to sell to liquidate into cash. I expected to use quite a few Ubers that week because I did not want to rent a car just to then pay to park the car at the resort. But my friend Christa ended up taking me to the airport on my return trip, so that saved me approximately $30 to get back to MCO (Orlando airport code).

The rest of the month was mostly spent at the golf course or in the pool, for those waning days of Summer in Indiana.

September

At first, a continuation of the golf and pool time, because it was just about to close the family pool. We had a family wedding over Labor Day weekend, and my parents and I took a day trip to Dayton Ohio to check out the Carillon Historical Park, which includes a lot of cool history about the industrial past in the Dayton area, as well as the Wright Brothers National Museum.

Wright Brothers National Museum, included with Carillon Historical Park admission

In the middle of the month, I set out towards Texas for the annual FinCon financial media conference that I’ve attended a few times and where I meet up with so many of my blogging and podcasting friends.

I started out by cutting across Indiana, down past historic New Harmony, Indiana, then across the Ohio River into Kentucky to see the waterfront areas of Paducah. I continued south to Memphis, Tennessee, where I gorged on some BBQ meats and took a loop past Beale Street before settling into my Hyatt Place (booked for free* with 5,000 World of Hyatt points). I used the asterisk there because apparently in Memphis, they still charge some taxes on award night bookings, so I had a strange $36 and change charge on my credit card. Still a pretty nice hotel stay for $36.

That guy is “walkin in Memphis,” on Beale Street.

The next morning, I checked out of the hotel and drove past Graceland, the famous home of Elvis Presley. I crossed the southern border of Tennessee down into Mississippi (a first time in the state for me), and took a conference call while driving back north through Memphis and then west across the Mississippi River into Arkansas. The plan was to stop in Little Rock for lunch and to check out the William Jefferson Clinton Presidential Museum, but when I got there it was closed (I assume Covid). So I regrouped and drove west to Hot Springs, Arkansas to see the historic buildings of the Hot Springs National Park. That was a very worthwhile detour, and then I grabbed lunch at a cool little bar and grill on Lake Hamilton.

After lunch, I headed south to Hope, Arkansas, site of the President Clinton Birthplace Home National Historic Site, but I got there just before they closed and I didn’t get to tour the home, just the small museum galleries.

Continuing on from there, I reached Texarkana, which as the name implies, straddles the Texas and Arkansas border. I have an online friend who lives there, but he was out of town that day, so I took a selfie at the historic Post Office and Courthouse building that also straddles the state line. Grabbed some Mexican food for dinner and checked into my hotel, a Courtyard by Marriott to use up some more of my annual $300 travel credit on the Marriott Bonvoy Brilliant credit card.

Stradling the line between Texas and Arkansas

I only had 2 things on my agenda the next day, check out Confections cookie shop in Lufkin (East Texas) and wind my way closer to Austin or San Antonio. I did a lot more than that, though. Starting out, I backtracked a little bit to head south into Louisiana (another first time in the state). I wanted to check out Shreveport, but before I got there, the remnants of Hurricane Nicholas beat me to it, and it was the most difficult driving I’ve ever done (even pulled off onto an Interstate off-ramp for 15-20 minutes). Since it was raining so hard, I continued west into Texas and found my way to Lufkin.

You may be asking, why Lufkin? and why Confections cookie shop? Well around the time that I was gearing up to quit my job and take this gap year, Confections went viral online when a customer canceled a large (5 dozen) cookie order because the shop had made rainbow colored heart cookies for the LGBT+ club at the local high school. An outpouring of support rushed in and bought up all of those already-decorated cookies, and they grew a huge following of supportive people on Instagram and Facebook. I wanted to taste some of that magic for myself 😊

Mmm, the cookie that started a firestorm online

While I was there, I actually picked up an extra cookie, one decorated like a birthday cake, for my friend Brenda’s birthday. But she is in Austin and I was heading towards Houston to check out the beaches at Galveston (being the floodplain geek that I am). I stupidly planned to get her the cookie the following week when I was in Austin for FinCon, but that was going to be at least 4 days away, so I detoured to Austin to meet up with Brenda and give her the cookie. I also got to see her new BMW SUV and chat for a bit in her office before she wrapped up her day there to go to her second job at a Covid-19 vaccination clinic. She is a total badass, co-hosting a podcast and working on her PhD right now, too!

Josh and Brenda, with her birthday cake-shaped cookie

After leaving Austin, I reached out to my old coworker Luisa from 15+ years ago when we worked together in Fort Myers, Florida. She and her husband were going to get a couple drinks at a local outdoor bar, and invited me to come join them. It was great to catch up with how much had changed in the past decade and a half (I think we had seen each other once in the past 10 years, but only briefly), her whole career trajectory and the challenges of WFH and online schooling for her two teenagers (HOW ARE THOSE BABIES TEENAGERS ALREADY?) I checked into my room at the SpringHill Suites (part of Marriott) to use up some more of the $300 travel credit, and called it a night.

Saturday morning, I woke up early and went downtown San Antonio to wander around the famous River Walk. It was a very hot and humid morning, so within 2 minutes I was already drenched, but I kept walking. I stumbled upon the Alamo, which you’ll hear everyone say “is smaller than I expected it to be” and I walked around some more before heading back to my car to chug a couple Gatorades and hit the highway. I was headed to the beach!

The purpose of this loop on the trip was to visit Port Aransas, near Corpus Christi, to stay with some friends for 3 nights at an Airbnb they were renting before the 4 days of the FinCon conference. A little rest and relaxation before the busy/loud/excitement of a conference full of money nerds. On my way to Port Aransas, I wandered south to the Padre Island National Seashore, again with free admission thanks to my National Parks pass. This was my first time ever driving directly on the beach, since that’s a big no-no everywhere in Florida except apparently still in Daytona.

After leaving the PINS, I met up with my friends at the Airbnb and we chilled out for 3 nights. There were walks to the beach, some grilling out, an adventure to a local sports bar to watch football, and another walk to the inlet to see sunset. But mostly just fun chats, a podcast interview, and some much-needed downtime.

As we left Port Aransas, I decided to take the ferry back to the mainland instead of the bridge/causeway that took me a lot further south than necessary. That was a neat experience and saved me at least 15 miles of driving. I then took all sorts of back roads to Austin, and wound up stopping at the Barton Springs Municipal Pool. This is a spring-fed, natural pool (of sorts) that is a constant 68° year-round. Perhaps a little chilly on that day, but it felt good to float and soak for a while after 4+ hours of driving.

Barton Springs Municipal Pool is spring-fed and always 68 degrees

I explored areas south of the Colorado River and had lunch at the Green Mesquite BBQ, before heading to my hotel, another Hyatt Place booked with 5,000 World of Hyatt points, by the airport. In the evening, I took a city bus downtown to meet up with conference-goers who arrived early, and I got to see several friends including JD Roth, Miranda Marquit, Jana Lynch and a whole bunch more. I took a late bus back to the airport and called it a night.

JD Roth and Josh

The next morning, I was going to be picking up my roommate for the conference at the airport. Jully-Alma Tavares is the founder of Investing Latina, and she would go on to win a Plutus Award for Best Personal Finance Content for Underserved Communities later in the week. We actually had not met before I picked her up at the airport, but she lives in NYC and has had 3-4 roommates for the past several years, so it didn’t phase her one bit. I was happy to have someone help cover the $900+ hotel stay for 3 nights.

Roomies! Jully-Alma and Josh

After we checked into the Courtyard (by Marriott, finishing off the remaining travel credit on my credit card), I left my car with the valet so I would have access to it whenever other friends needed rides to the airport (about 15-20 minutes away). I ended up picking up my friend Jillian Johnsrud on that first day and took her back to the airport on Saturday, just as I was leaving Austin myself.

FinCon was a blast and I got to hang out in the hotel and went to meals with so many people that I interact with regularly online, but I didn’t actually buy a ticket to the conference this year and that was a mistake. I wasn’t able to go check out the presentations, Big Idea talks, and vendors, obviously, but I also wasn’t able to go to many of the social outings, and could not attend the Plutus Awards ceremony, even though I have sponsored one of the awards each of the past 3 years. My best friends in the world attend that conference, and if I ever go back to a FinCon, I’m actually buying a ticket and will be able to access everything that it entails.

Very important round table discussion with craft beers and awesome friends!

When I left on Saturday, I drove up through Waco and Dallas, and then headed east into northeastern Arkansas for the night. I stayed in another Courtyard (by Marriott) in Jonesboro, Arkansas, so I could earn additional Marriott points to be used for future free night stays. From there, I cut across Missouri, southern Illinois and Indiana to get back to my home base in Indiana.

October

There was no overnight travel for me in October 2021, but there was one very special day-trip. I drove to Columbus Ohio to visit with my friend Amanda Page. Mandy is an educator, a freelance writer, founded a non-profit, is working on a documentary, a dog-mom and one heckuva friend. I got to meet her in Cleveland in 2019 when she drove up to spend an afternoon with me, so it was my turn to make the drive and spend the day with her, this time on her home turf. We took a walk through nature and through the adorable downtown of Worthington, had lunch at an English pub, walked some more and grabbed ice cream at Jenni’s. It was a great day of chatting, walking, laughing, and connection, and I hope we don’t have to wait 2 years to do it again.

Josh and Mandy P

Since I was already in Central Ohio, I drove another hour or so east to Licking Valley High School, where my friend Brent had his pizza food truck set up for the evening. This time, I was smart enough to buy two pizzas, helping him sell out by 7pm and allowing me to have leftovers for the next couple days. The first time I visited his food truck, I ate most of the pizza in the first sitting, and finished it off when I got back home that night. I wasn’t going to make that mistake again 😉

November

November was a big month of travel for me, after the light month in October. On the first, my parents and I drove down to Indianapolis to have dinner with my sister and then check into a hotel near the airport for a very early morning flight. I picked up the tab and we stayed at a Fairfield Inn & Suites (you guessed it, Marriott) so I could earn some more points for future travel. We flew out super early, connecting at Houston Hobby airport and then getting to Tucson Arizona by around 10:30am local time. My mom’s cousin Deby and her husband Jack picked us up, and we met up with my great-uncle Dudley and his wife Laura for lunch at a sports bar in Sahuarita. We were pretty tired from all the travel, so we relaxed around Uncle Dudley’s house, and walked to dinner at the clubhouse within the golf community where they live. Sharing this here because I’m not sure where else to put it: the motto of the week was “When the mountains are pink, it’s time to drink!”

Evening in Southern Arizona

On the next day, we loaded up in Jack’s SUV and drove to the Arizona-Sonora Desert Museum, but not before having a delicious lunch at Tiny’s Family Restaurant first. I had no idea the Sonoran Desert was as expansive as it is, but it was pretty cool to see some of the wildlife and of course the Saguaro cacti. We grabbed Papa Murphy’s take-and-bake pizza for a relaxed evening at home.

Thursday is Uncle Dudley’s golf day, and we had 13 guys play in his group (5, 4, and 4). I was using borrowed clubs that were too short for me, and old golf balls, but I still played pretty well for having never even seen the course before.

On Friday, we took a big road-trip to Bisbee and Tombstone. Bisbee was a big copper mine city, but is now bustling with hipsters. We took a tour of the Queen Mine and learned a lot about the process. Tombstone is basically a tourist trap, and unfortunately, we fell into one of those traps, visiting a comedy re-enactment of the shootout, rather than actually visit the OK Corral. But the tickets we bought included a bus tour of the city, and that was at least worth the price of admission.

Saturday was another big driving day, heading north of Tucson to the Biosphere 2 project. It was cool to see the various different biomes within one contained building, including an OCEAN in the desert! We grabbed lunch near the University of Arizona campus, which might have been a mistake since they were hosting a college football game that afternoon. Arizona ended a long losing streak that afternoon, although I’m not sure I can claim any credit for that! Haha. After lunch we headed back home to Green Valley, but not before stopping to see the Titan Missile Museum. Our tour guide was one of the men who worked inside the missile silo during the Cold War, so it was very exciting and scary to hear him run through all of the things that the 4 of them would do if they ever got the nuclear launch codes from the President or the Pentagon. And it was cool to hear that some of the missiles were refurbished and turned into some of the early rockets used by NASA.

On Sunday, we stayed closer to home, visiting the artist little town of Tubac, and a few miles south of there is the Tumacácori National Historic Park. This is where I purchased my dad’s National Parks pass that is good for the remainder of his life (as teased about in the intro to Part 1). This gave us free admission for 4 people, so we only had to pay admission for 1 more. Tumacácori was one of the Spanish missions scattered throughout the desert southwest, and it was neat to see the church building and several out-buildings that helped support life in the desert so long ago.

Tumacácori National Historic Park

On Monday, Uncle Dudley and I squeezed in another round of golf, and we packed up to leave on Tuesday morning. We were able to squeeze in one more attraction when we were near the airport, which was the Pima Air & Space Museum, where we saw multiple old Air Force One planes, tons of military history, along with some commercial jets and some aviation art.

A few days after leaving Arizona, it was time for the second EconoMe Conference in Cincinnati. I drove down early on Friday morning because I had arranged to pick up several friends and some of the speakers at the CVG (Cincinnati-Northern Kentucky airport code) airport throughout the day. I used to be an Uber driver on the side, so this was kind of like that, except I already knew my passengers beforehand, and it would give me a bit of one-on-one time with them before the busy-ness of the 500+ person conference on Saturday and Sunday. In between airport runs, I met up with JaxBeachLife and her partner, and Emilie was able to join us for a little while, too. It was so great to finally meet Jax and spend time with Emilie again, because I hadn’t seen her since the first EconoMe Conference in March 2020.

Josh and Emilie, listening to Taylor Swift inside a Starbucks

That evening, the Stacking Benjamins podcast held an event that would be recorded as a live-taping of one of their episodes. They featured special guests Kitty and Piggy from BitchesGetRiches, which is a multiple-award-winning blog and podcast. It was a hilarious night of money nerdery, and when I got back to my hotel (this time a Hampton Inn, part of the Hilton chain), my roommate for the weekend had arrived. Darcy is also a Plutus Award-winning blogger and she would help me co-host a panel on “SlowFI” at the conference the next day with my good friend Gwen from Fiery Millennials.

I walked over to the conference center early the next morning, since I was on the volunteer squad for check-in with my friends Lynn, Flynn and Amberly. We got just about everyone checked in for the conference within an hour, and then it was time for the main stage presentations at 10. Diania welcomed us all again with a talk about the importance of Community, and then the BitchesGetRiches duo started off the talks with some hilarity that involved audience participation in writing Kitty’s resignation letter, which she will be using when she retires at the age of 35 this coming spring. Other morning speakers included Naseema McElroy (who paid off nearly 1 million dollars in debt) and Jeremy Schneider (who founded a company that he later sold for $5m but talked about leading with humility).

Diania kicking off EconoMe

After a lunch break, we had 2 more rounds of breakout sessions (including the one I mentioned before), and main stage speakers for the afternoon included Paula Pant, Carl Jensen, Angel Cellucci, and Rich Jones, before a closing panel with Paula, Mr. Money Mustache (Pete Adeney), Naseema, Joe Saul-Sehy, JD Roth and Kirsten Saunders from Rich and Regular. After a dinner break, it was time for the after-party!

Sunday was the day for off-site events. The day started with an urban hike, but I was content to hang out in the hotel lobby with other stragglers. We were heading to the Fowling Warehouse, which has nothing to do with birds, but is actually kind of like bowling with footballs, but also kind of like cornhole? I took a real estate tour around Cincinnati, and then took more friends to the airport after we were done Fowling.

Fowling = football + bowling + cornhole boards?

A couple days later, I was all packed up and ready to end my summer/fall based out of Indiana. I hit the road early (for me) around 6am, and made good time throughout the day. I got through Atlanta before 3pm, so I kept driving. I hit the Florida border not long after 6pm, so I kept driving. By the time I should have stopped, I felt like I was too close to home to spend points or $100+ on a hotel night, so I kept driving. I eventually back to my house in Florida around 11pm, which is a pretty reasonable 17 hours of driving for the 1,134 miles I covered.

The weekend before Thanksgiving, I made a trip across the state to visit the ChooseFI local group in Stuart, which is led by my friend Lisa Duke. I figured she was one of my last friends in Florida to see me back in May before the Gap Year began, so I went back to see her and give her a recap on what all I had done so far. But this time, there were a total of 5 of us who showed up, so that was fun. And I met a fellow early-retiree/semi-retiree who had just gotten back to Florida from extended travels, so that was a lot of fun, too!

ChooseFI local group meeting in Stuart, FL

I will start another post with December travels after the new year. Thanks to all who’ve read this far.

Featured

Gap Year travels – first 2ish months

I quit my job in June 2021, just as things seemed to be opening up to travel again (thanks Vaccines!) but before the myriad of variants started showing up and making things difficult. But I’m going to start a little bit earlier, since my gap year travels actually started before my last day of work.

May

In May 2021, I purchased a National Parks pass. This was perhaps the best $85 ($80 plus $5 shipping and handling that can be avoided if you buy the pass at a national park or other federal lands) that I spent all year. The pass is good for the month of purchase plus the next 12 months after, so you get almost 13 months of use out of the pass. That is, unless you are age 65+ in which case the pass is good for the remainder of your life! I actually had planned to buy one for my dad on his 65th birthday and never had a reason to do so until November 2021 when we visited a national historic site, but that’s jumping ahead to Part 2.

Since I live in Southwest Florida, I am only a few hours drive away from 3 national parks (ok, maybe a plane or boat ride are involved with getting to Dry Tortugas). One Sunday morning, I woke up early and decided I wanted to put my pass to good use, so I hit the road by 7am and set out for Miami-Dade County, site of the Biscayne National Park. But when I got to the Miami area, it was raining over the coastline, so I stayed on the highway and kept going south until I entered the Florida Keys. I had been to Key West before, but I had arrived via the Key West Express boat from Fort Myers Beach, so I decided to explore the Overseas Highway, taking in the sights of the various small towns and villages through the Keys, and traversing the famous 7-mile bridge. After reaching the key landmark of the Southernmost Point, I circled back and headed towards Miami once again. Biscayne NP was a really cool spot along the shoreline south of the high-rise buildings in Miami/Miami Beach, but I missed out since 90% of the park is actually underwater! Biscayne became federally protected as a way to avoid more filling and development of low-lying offshore sandy islands. As a former city planner and floodplain manager in coastal areas of Florida, I was thrilled to see such foresight from President Lyndon B. Johnson to declare the area a national monument in 1968 and later Congress made it a National Park in 1980. All told, I spent 13 hours driving that day, but it was so worth it for everything I got to see.

Info on Biscayne National Park creation

The next weekend I drove over to the east coast again to visit with my friend Lisa Duke in downtown Stuart for the monthly ChooseFI local group she hosts there. Only 1 other person showed up, so I got to visit quite a bit and share the details of my upcoming gap year/sabbatical, since I had turned in my 2-week notice just 2 days prior. But the following weekend, I finally visited Everglades National Park, which I am ashamed to admit I had never previously visited in my 15+ years living in Southwest Florida, despite being about an hour and a half away from my home. I stopped in at the Gulf Coast Visitors Center near Everglades City and then continued east on US-41 to Shark Valley Visitors Center. Everglades National Park is a massive chunk of land at the southern tip of the Florida Peninsula, including the famous Ten Thousand Islands. I also visited the adjacent Big Cypress National Preserve during my day trip.

Everglades National Park

June

On June 4th, I worked my last day and said goodbye to my coworkers from the past 3 years. I went home that evening and packed my bags, knowing I would probably be staying away from Florida for several months, and I hit the road the next morning. Two days of driving 8-9 hours later, I was back in my childhood bedroom at my parents’ house in Indiana. This would become my home base for my travels throughout the summer and fall. I spent the night on the north side of Atlanta, where I used a “35k free night certificate” from my Marriott Bonvoy (formerly SPG) credit card to stay in a suite at the Le Meridien hotel, part of the Marriott chain. This certificate was actually a holdover from 2020, since I didn’t have an opportunity to do much travel after the pandemic began. I also tried to incorporate a few touristy stops along the way on day 2 of the trip to Indiana, so I stopped at the Corvette Museum in Bowling Green, Kentucky, along with Fort Knox and the historic first capital of Indiana at Corydon.

I spent the bulk of June in my hometown, spending time with my parents and grandparents, and I attended my 20-year high school reunion while I was in town. It was interesting to catch up with some folks I hadn’t seen in 5-20 years, and to see both how much, and how little, has changed for many of us. It was a fun night with old classmates, even if none are the type of friend that I would hang out with once more during my 5+ months in Indiana.

The last weekend in June, I drove 5+ hours roundtrip for pizza. Let me explain, I went to the Columbus, Ohio area to finally meet a couple Twitter friends, and try the pizza from @TheFoodTruckCEO. I wore my Farm Fired Pizzas t-shirt I had ordered from his store, and met up with Kristy, Ben and Owen from @Our_Hytreks, along with Chad Methner and we all had Brent’s delicious pizzas.

A couple days later, I would kick off my biggest road-trip of the year, a 20-day, 6,000+ mile adventure through 11 states.

July

Even though I hit the road June 28th, I’m putting this into July, since this trip is how I spent the majority of the month. I actually started the day by being part of a panel of flood experts at a national conference of insurance agents, but finalized packing and spent 5 hours on the road to reach Peoria Illinois for the night. I did take a detour through Champaign-Urbana to see the University of Illinois, but I didn’t stop because it had already been a long day. I stayed in a Springhill Suites (part of Marriott) and booked a government rate, since I still have my county government ID badge and that rate can be used for personal travel as well as official business travel. I wasn’t even asked for my ID, just asked if it was for personal or business travel, and I paid for the night with my newly-upgraded Marriott Bonvoy Brilliant credit card, which has a $300 annual travel credit, so the room night was refunded to the credit card as part of that travel credit.

Up next was a trip across the Mississippi River in the area of the Quad Cities, then past Iowa City to see the University of Iowa Hawkeyes stadium, a quick detour to see the Herbert Hoover Presidential Library-Museum (closed), and on to Ames to visit my friend Sarah at a delicious BBQ restaurant in an historic railroad depot building.

After that, it was back south to Des Moines where I unfortunately missed out visiting with Kristin Knight and then several more hours of driving as I went through Omaha, Lincoln and approximately 2/3 of Nebraska. It was at this point where I tried “car camping” for the first time, and while the location was a great city park in North Platte ($10 donation per night), I am too large and/or my Toyota Camry is too small to comfortably sleep in the driver’s seat. If I try this out again, I will empty everything out of the back seat and try sleeping in the fetal position on the larger cushion back there. Live and learn, but I definitely saved money that night.

Day 3, I was awake very early and knew I would not be getting any more sleep in my car, so I hit the road and took a scenic drive along US-26, where I passed by the gigantic Lake McConaughy State Recreation Area and continued west to Scottsbluff. Along the way, I saw Chimney Rock and I stopped at Scotts Bluff National Monument, and I sought out the local Walmart for some free wifi since my cell signal with Mint Mobile was non-existent for almost the entirety of Nebraska.

Scotts Bluff National Monument

Once I got close to the Wyoming border, cell signal re-emerged and I was getting texts and notifications like crazy! I continued southwest until I got to Cheyenne, where I grabbed a quick early lunch and made my way south into Northern Colorado, which would be my home for the next couple days.

I saw a Wyndham promotion that promised 6,500 points on top of the points you would earn by staying a minimum of 2 nights in one of their hotels, and 7,500 points is enough for a free night at their lower-end properties, so I booked 2 nights at the Travelodge in Longmont. They had an indoor pool and laundry facilities onsite, so I took a chance and also got caught up on a load of laundry. Later that evening, I drove down to Denver to visit my friend Piggy and to meet Michelle Jackson. We went to a local microbrewery/pub, that it turns out Piggy is a partial owner of, and we hung out for a few hours over beers (and Sprite for me, thanks!). I was still pursuing a “Dry 2021” at that point, and halfway through the year, I was not about to give that up due to some (very convincing) social pressure.

Piggy, Josh and Michelle at Goldspot Brewing Company in Denver

The next day I got up late and explored around Longmont and Boulder, but mostly had a very relaxed day with as little driving as possible. I even ordered a pizza for delivery instead of picking it up a mile or so down the road.

But Friday was the day to head down to Colorado Springs for the annual CampFI Rocky Mountain. I started the morning by scrolling social media in bed, and I saw my friend Becca had just posted photos of Scotts Bluff National Monument, where I had been 2 days ago. I sent her a message asking where she was headed, and it turned out she was going to an RVers hangout in the mountains of Colorado. We arranged a meetup in the parking lot of a Trader Joe’s in Colorado Springs, and I got to tour her home on wheels, where she visited all 48 of the contiguous United States this year. We sat and talked about my gap year plans, her travels, the future of remote work arrangements, and she even suggested I hit her up whenever I want to get back into the working world again, because she does similar work to my past couple jobs, albeit for a private sector firm versus my state and local government experience. After we took a selfie in front of her RV “BB” for Becca’s Bus, I drove a couple more miles to arrive at the Franciscan Retreat Center for my 4th CampFI, but first one outside of Florida.

Becca, Josh and BB (Becca’s Bus)

CampFI is always a blast, making new friends and catching up with old ones. Speakers at this CampFI included Carl Jensen, Mr. Waffles on Wednesday, Lynn Frair, and Diania Merriam (who had the unfortunate experience of having her flight canceled, so we improvised and she presented to us over Zoom). There is always a lot of down time in the schedule for hikes, breakout sessions, meals, and relaxation, but I spent the majority of the weekend sitting on the patio outside in the sun, chatting with fellow FI enthusiasts and sharing my plans for my gap year, which was 1 month old as of that weekend. We watched the 4th of July fireworks from above the city, and slowly said our goodbyes on Monday, even as we desperately pleaded for folks to buy their tickets to EconoMe Conference in November so we could have a mini CampFI Rocky Mountain reunion in Cincinnati. (Spoiler alert, lots of the attendees did make the journey to Cincy!).

Group photo at CampFI Rocky Mountain 2021

I stuck around Colorado Springs for an extra day, so I could be sure I had decent wifi for a morning conference call the next day (narrator: the wifi went down multiple times during the call), but I used 5,000 points from World of Hyatt for a free night at the Hyatt House (which was so poorly operated that it lost its affiliation with Hyatt sometime between July and mid-December when I am writing this post).

After checking out of the hotel, I made my way to the Red Rocks Canyon Open Space area for a short hike, as recommended by my mom. I left there to go to Garden of the Gods, but parking was in such short supply that I left after circling the parking lot for 15 minutes. From there, it was a short drive to Pikes Peak and I spent the next couple hours driving towards the top and then slowly back down to avoid burning up my brakes. This was the most spectacular drive I have ever made, and so worth the $15 admission fee. After leaving Pikes Peak, I went west towards Buena Vista and then north to Leadville before making my way back to Denver for the night. I booked a free night at the Springhill Suites for 20,000 Marriott points and went to bed early (8:30ish?) so I could wake up early and head to my next National Park.

Around 5am, I checked out of the hotel and headed towards Estes Park and the eastern entrance to Rocky Mountain National Park. Due to overcrowding issues in the summer months, the National Parks Service had instituted a policy requiring reservations for the busiest parks during the busiest times of the day, but if you went into the park early (or late), you didn’t need a “timed entry pass” so I went through the entrance gate around 7:45am and watched the sun rise over the mountains from inside the park. This was another incredibly beautiful drive, with switchbacks and thousands of feet of elevation gain. I experienced tundra for the first time, and saw a pika and a moose while climbing to the Alpine Visitors Center. I waited around 45 minutes for the visitors’ center to open, but unfortunately, they did not have any hot chocolate (even though it was on the menu), so I left there to continue traveling west and south through the Grand Lake exit point.

My first time in the Tundra, at Rocky Mountain National Park

I drove through Granby and had lunch in Breckenridge, before detouring through Vail and Glenwood Springs on my way to Grand Junction.

Breckenridge on a sunny summer day

That same Wyndham promotion was still running, so I booked another 2-night stay at a cheap Travelodge (using my AAA discount) and it was truly the worst hotel experience of my life. I gave the property a 1-star rating on Google and encouraged others to read and believe all of the 1-star ratings that had already been left. I was never sure that my door to my motel-style room was actually closed/locked, and when I left for the in-between day to visit more parks, I took all of my belongings with me in my car because I couldn’t get the door to feel fully shut, even though the wooden door itself was almost cracking with the force I applied to try closing it. I made sure to hop in the pool both afternoons (105° days) instead of trying to use the decrepit shower/tub combo in the room. To top it all off, they actually CHARGED me a $100 deposit, rather than ringing up a pending charge. When I called to complain, they said this is standard procedure and I assured them that it is not, in my decade+ of traveling all over the country for work and pleasure. It took more than a week, but the charge was refunded.

On that in-between day, I headed southeast to visit Black Canyon of the Gunnison National Park and then Colorado National Monument when I returned to Grand Junction. Both of these are very cool rock formations with scenic drives along the rim of the particular canyon. Black Canyon is half a mile deep and only about a quarter mile across, so it is a very deep V-shape, while the Colorado National Monument is more varied with painted rocks, 3 tunnels and the road spits you out in the neighboring town of Fruita.

I woke up early and got out of the hotel/motel from hell as soon as I could, and headed north to the Dinosaur National Monument. The drive there was probably the most spectacular part of the day, as it winded through Bureau of Land Management land and cows were grazing all up and down the mountain road. This was near the Douglas Pass View Point, if you want to check it out on Google Maps. Since I was tired, I didn’t actually spend much time at either of the two Dinosaur visitor centers that I stopped at, the Canyon Visitor Center and the Quarry Visitor Center, since I was going to be driving a few more hours west into Utah for my next two-night stay.

Of course there is a dinosaur at Dinosaur National Monument

On my way into the Salt Lake City area, I took a detour through Park City, which hosted giant slalom and snowboarding events in the 2002 Winter Olympics. I then made my way down into Salt Lake City to visit an auto shop. This wasn’t any old body shop though, it is home to Kindig-It Design, which is featured on the television show “Bitchin’ Rides.” I picked up a t-shirt, a coozy and looked around for a little bit before heading down to Provo for a relaxing 2-night stay.

Inside the gift shop area at Kindig-it Design. This one was featured on an early season of the Bitchin’ Rides TV show

After arriving in the Provo checking into my Hyatt House near the BYU campus (booked with 10,000 points from World of Hyatt, 5k per night), I spent some time in the pool (another 100+ degree weekend). The next day, I drove up into downtown Salt Lake City, checking out the State Capitol building and the Temple square, before heading west to the Great Salt Lake and then back down to Provo for more exploring. I went to Timpanogos Cave National Monument and then drove up through an old rail line that has been paved into the Alpine Scenic Loop in American Fork Canyon. It took me past Sundance, home of the famous film festival, and then I drove through the BYU campus and down to Utah Lake before going back to my hotel for some more pool and relaxation time.

It was at this point where I was pondering which direction to go next, and I was leaning towards making a 15-hour drive straight-through to Seattle, but I got an Instagram message from a friend who had been following along my journey and wondered where I was going next. She was actually in Dubrovnik Croatia at the time, but would be heading to Las Vegas in two days and offered her spare bedroom if I wanted to spend 3 nights there. I jumped at the chance to hang out with my friend who I’d met at FinCon in 2018, but had only seen one other time (in Fort Myers, near where we both actually live). I was about 500 miles away and had 1 more day in between, so when I checked out of my hotel the next morning, I went through the mostly-rural parts of Utah.

While driving through Utah, I stopped at Bryce Canyon National Park and saw that I was only about an hour away from Cedar Breaks National Monument, so I backtracked and visited there, too. I have been thoroughly impressed by the national monuments at this point, so I’m not going to let an hour detour stop me from visiting whenever possible.

From there, I went alongside the Grand Staircase – Escalante National Monument on my way into Page, Arizona for the night. I stayed in another Marriott property (this time Courtyard) on my remaining 35k free night certificate for holding the Marriott Bonvoy credit card. It was 108° when I arrived, so I spent a couple hours in the pool and then enjoyed a cold shower and the air conditioning.

Picturesque hotel and pool in Page, AZ

Later that evening, I met up with a fellow Florida Floodplain manager who was passing through Page on her own grand vacation with her husband and granddaughters. We met up at the Wahweep Marina on Lake Powell, inside Glen Canyon National Recreation Area, and we ate at a floating restaurant called Latitude 37. I want to point out that on this day, I more-than-paid-for my National Parks pass, since I would have spent $35, $30 and $30 on three park admission fees, whereas my $85 spent on the pass allowed me to enter all 3 for free.

The next morning, I set out to visit my friends Ali and Alison from All Options Considered in Flagstaff for brunch. We had an awesome time chatting for a couple hours, but I needed to hit the road and head towards Las Vegas. I picked up the tab, but somehow the little hand-held credit card machine must’ve added another table’s order to our bill AFTER I paid the check, so I found out the next morning that the bill was approximately double what it should have been. I didn’t ask for a receipt, so I could only ask them to remove a couple items I KNEW we had not ordered. At least I did get a few dollars back, but not everything that should have been owed to me. Oh well!

Brunch with All Options Considered (Ali, Alison and me)

I arrived in Las Vegas on a 118° afternoon, no exaggeration. My friend was still working for the afternoon, but I got unpacked and started a couple loads of laundry, then we got ready and went to explore the city a little bit. She’s a Vegas expert, having ties to the city that go back 40 years, so she has status at multiple hotels/casinos and we tried to make the most of that fact. I dropped her off at Caesar’s Palace so she could check into the rewards that were offered for her Diamond status, and I drove the Strip for about 30-45 minutes and saw things in a different way than I had in February 2020 when I visited the city for the first time (albeit for less than 24 hours). I got a text that she was ready to be picked up, so I went back to Caesar’s Palace and then we walked through the newly-opened Resorts World hotel and casino, even though this property apparently had been under construction for more than 6 years, and that’s after several years of delay in design and permitting. We decided we wanted a little more quiet atmosphere for dinner, so we went downtown to the Downtown Container Park, which is a very cool urban shopping/dining/entertainment space made out of old shipping containers. We had some Mexican food and called it a night.

The next day, I slept in a bit and then decided to go spend some time at the casinos on the Strip. Thanks to the prior night’s expedition, I knew I could park for free at Resorts World but also at Treasure Island. I spent several hours walking through the casinos, playing a little bit here and there, but then went outside the city to check out two other features: Clark County Wetlands Park on the east side of the city, and made a loop around to the west side of the city where Red Rock Canyon National Conservation Area is located. I enjoyed the 13-mile scenic loop (and the air conditioning inside the visitor center) and went back to my Vegas home base. Since we had scoped out the Caesar’s rewards benefits the prior evening, we now had plans for the second night: The Body Exhibit at Bally’s, and then the High Roller (looks like a ferris wheel, but is actually a giant pod for 15-20 people). We timed sunset perfectly for the top of the High Roller, and then we had dinner at an Old Vegas institution: Peppermill and Fireside Lounge.

The next day, I spent several more hours wandering the Strip during the daytime, and I stumbled upon my friends Scott and Sam (and 4 others) from Southwest Florida, who were in Vegas celebrating both of their birthdays. I spent a couple hours wandering around more casinos and shops with them before heading back to home base to pack up and grab dinner with my host at a very cool pizza shop downtown called Pizza Rock (which seems to have every type of crust, style, you-name-it on the planet). Then we walked over to Circa to visit the highest bar in downtown Vegas and thanks to a very windy evening, we were two of only a few people outside on their rooftop lounge. We caught another spectacular sunset over the mountains, watched the lights turn on along the Strip and went home.

Sunset at the top of Circa, downtown Las Vegas

I woke up really early and hit the road, since I wasn’t sure of a good place to stop for the next 12+ hours, but I needed to head towards Colorado to visit some more friends the next day. This day, I drove through the Virgin River Gorge in NW Arizona, through St. George, Utah and made a stop at the Kolob Canyons Visitor Center, which is at the NW portion of Zion National Park. This included a short 5-6 mile scenic drive into the park, and some gorgeous scenery in the mid-morning sun. After that, I drove non-stop for the next 8 hours to get into western Colorado and eventually used up all of those Wyndham points I had earned from the two crappy Travelodge stays to get a decent night’s sleep in a LaQuinta in Rifle, CO.

Selfie at Kolob Canyon, Zion National Park

Around this point in July, there were almost daily closures of Interstate 70 through central Colorado due to flooding and landslides after a wildfire destroyed the vegetation that kept the hillside in place. So I decided to avoid that potential mess and take the scenic route up through Craig and Steamboat Springs, on my way through the “back side” of Rocky Mountain National Park, which is actually the lovely State Forest State Park.

Beautiful vistas driving back through north-central Colorado

I was finally back in Fort Collins (wasn’t mentioned for day 3 of the trip, since all I did was get an oil change there), a few hours before I needed to get to Carl and Mindy’s house for a FI-friend gathering and meal. It was there that I met up again with Kristy, Ben and Owen (from the Columbus area pizza gathering in Ohio) the Jensen family, the Waffles on Wednesday family, and another FI couple from the Denver area. I spent the night in the Jensen guest bedroom, and woke up early the next day to finish up the 6,000+ mile drive with the final 1,208 miles in one shot that took me 17 hours and 18 minutes of driving. Fortunately most of that was pretty flat and pretty straight as I was leaving the Denver area and heading through Kansas and Missouri. By the time I got through St. Louis, the sun was fading fast, but I was determined to get through Illinois and Indiana to get a good night’s rest in my own bed.

I kind of rushed that last day because I needed to get home for a family funeral. My mom’s close cousin passed away after a few years battling cancer, and I wanted to be there to attend with my parents, grandma and aunt & uncle. We celebrated her life and the countless ways she had helped others, and ended the evening with a pizza party at Marion’s Piazza, a pizza chain that is famous in southwest Ohio where she lived most of her life. One more night in a Home2Suites (a Hilton chain) and I was back in Indiana for the next couple weeks. The rest of the month is filled with golf in the mornings, naps after lunch, and pool time in the afternoons and evenings.

The next several months of recap can be found here: Fall 2021.

Featured

Gap Year Inspirations

I’m starting this off with an apology to anyone reading, since I have gone completely silent on the blog since May 2021, right before I quit my job to take a gap year. As I detailed in “Getting Real with you,” I was taking this gap year to destress and decompress after a pretty rough past 10 years of working in state and local government, particularly in floodplain management and emergency management (in Florida, where we tend to get multiple floods/tropical storms/hurricanes each year).

It’s now been a little over 6 months since that last day at work (and last paycheck), and I’m only beginning to feel like the “work fog” has finally lifted from my brain. Bits and pieces of it, like the daily stress of what project(s) I needed to get done the next day/week/month lifted a while ago, but the feelings of being run down and mentally tired most of the time have subsided.

Enough in the way of a recap – I have heard from a lot of people that I have inspired them with my decision to step away from full-time work at the height of my career and at the highest income I have ever earned. But I don’t feel like I am a trailblazer here; I’m just following a path highlighted by friends in the Financial Independence community who took their own brave steps before me. This post will highlight several of them and I am sure to miss people whose stories inspired me in some way to make this move and that everything will work out, eventually.

Road trip adventures included Pikes Peak

Noah and Becky – MoneyMetaGame

The story most similar to the path I have chosen to take is that of Noah and Becky. These two are younger than me by several years, but they quit their jobs in tech and nursing, respectively, to take a year away and road-trip all over the United States and Canada. As avid points and miles enthusiasts, they were able to cover well over 100 nights in hotels FOR FREE, plus they stayed with family and friends around the country as they journeyed around to see them. They went on a Caribbean cruise, attended multiple CampFI retreats, and eventually found their way to the Bay Area where they resumed their careers with new companies.

Visited Jillian in 2019 in Montana, where we went for ice cream at her favorite place

Jillian Johnsrud

Jillian’s story is very different from mine; she’s a wife and mother of 5 young children, but she showed me it is possible to take “mini retirements” throughout your working years to pursue different interests, decompress, travel, and reconnect to yourself and your values. In fact, Jillian and her husband are currently on their SIXTH mini retirement, and she’s my age (8 days younger, in fact)! By taking a few weeks, months, or years away from traditional 9-5 work arrangements, they have built a life they love, centered on family, travel, rental property investments, and helping others.

A Purple Life

Purple is also younger than me, and she retired last year at the age of 30! But watching her life progress from working a full-time remote job into a full-time traveler and digital nomad (prolific blogger still counts as some kind of work) inspired me to get comfortable with the idea of having multiple home bases, not just one home address that you use 365 days a year. While Purple and her partner (and favorite travel partner Mama Purple) spend a month or so at a time in places, living like a local and exploring slow travel, I have had trouble staying put for more than a few weeks at a time. I would like to rent an Airbnb or VRBO somewhere and stay for a month, then use that as a home base for exploring the general area. I sort of did this during my trip to southern Arizona in November, staying with my great uncle and visiting sites within a 2-hour drive of his home, but it still felt rushed to get up every day and drive somewhere just to see one or two sights and go home.

Gwen – Fiery Millennials

Gwen’s one of my favorite people in the FI community. She quit her job a few years ago to pursue a different passion – moving to Minnesota to live with her long-distance boyfriend. She would also pursue her passions related to blogging, podcasting, making stained glass art, and bicycling. When things did not go as well as planned in her relationship or supporting herself on side-hustles and rental income from a troublesome long-distance triplex, she sold the house and quit things again to try out life in Washington DC. Some people may read those sentences as a string of failures, but I see Gwen as a shining star. She didn’t just stick around in miserable situations, she sold the house, moved into the basement of FI community friends in the DC area, and set out to resume her I.T. career in our nation’s capital. She embraced dating in a bigger city, riding her bike or scooter around instead of dealing with bumper-to-bumper traffic, and eventually became roommates with another one of our blogger friends. After a while, she decided she wanted more space for her crafting and video gaming hobbies, so she rented a 2 bedroom apartment in the suburbs. Gwen kept iterating and trying new things, and she was OK with quitting things that weren’t working for her. I think we all need to be reminded of this lesson. Gwen is still reiterating and doing what she can to build a life she loves, now with a great career in St. Louis and recent plans to move closer to the city and her beloved Cardinals 😊 I wish her the bestest of luck, but I know she’s gonna keep trying new things and finding what works for her!

Jessa – Financial Mechanic

Jessa is another young software engineer who has moved around a lot the past few years. After going to college in Colorado, she’s lived in Portland, upstate New York, Santa Barbara, and moved to the Netherlands in 2021. Jessa actually studied mechanical engineering in college, but self-taught her coding skills to step up her income. While a few of those moves were to follow her then-boyfriend through his medical school and residency program, she made the decision to try out Amsterdam and followed through with it during a global pandemic – which proves that she is a total badass and is why I hold her in such high regard. She’s in a financial position where she could retire permanently if she wanted to, but as someone who has always maintained a high savings rate, she wanted to challenge herself to spend more during this time in Amsterdam, just to show herself that she could. She now “dates herself” on occasion, going to fancy meals or buying herself experiences and flowers, just because! And since she loves to travel, she has been all over the continent to explore Europe during her time working there. I’m happy to see my friend Jessa living a life she loves, and exploring all new experiences that life has to offer in her new, albeit temporary, home.

The first of many National Parks I visited this year

Steven and Lauren – TripOfALifestyle

Steven and Lauren are fellow Floridians and have been to multiple CampFIs, but we haven’t had a chance to meet yet. That might be because they are always traveling around the country in their Nissan minivan/campervan or they are at their condo on the beach on the other side of the state. They have inspired me in several ways, but particularly with their travels to all 63 National Parks! So far, I have only made it to 7 National Parks (and a bunch of national monuments, historic parks/sites, recreation areas, conservation areas, presidential birthplaces and museums, etc) and they’ve all been true highlights of this period away from work. Steven and Lauren also “honeymooned” in Hawaii, but their hack was to live there as locals for 6 months. For around $900/month, they rented an apartment a few minutes away from the beach, which is considerably cheaper than a hotel or Airbnb would cost in Hawaii. They also purchased a used Mazda Miata and eventually sold it for a small profit when they came back to Florida. By maximizing their time in Hawaii, they were able to spread out the cost of their airfare to experience Hawaii for 180+ days instead of only 7 for a typical honeymoon. All told, they spent about $10,000 during that 6 months in Hawaii, which is comparable to what they would have been spending in Orlando, and thanks to a little freelance work, they covered their expenses without dipping into savings and their net worth actually went up while they “vacationed” in Hawaii for 6 months. These two have shown me that it is possible to design a life of travel that doesn’t have to cost a lot. When they are traveling in their campervan, they’ve built up a lot of resources that show where it is safe, economical, and functional to stay in your vehicle or camper. I used that info during my first big road-trip, specifically across Nebraska, Colorado, and Utah, but have found it helpful whenever I am traveling by car.

Kevin – Financial Panther

Kevin is a lawyer whose career has progressed in the opposite way you might expect. His highest-paying job came right out of law school, and then he moved into a job in state government before ultimately deciding to be a full-time blogger and side-hustler. Kevin is a monetization master! He already has a dog of his own, so he will pick up gigs on Rover to walk other dogs, and he will dog-sit when their owners are on vacation. He used to live in a 4 bedroom house near the local university, and he and his wife rented out extra bedrooms to folks coming to visit the university. He even rented the whole house out for a Super Bowl weekend, took a vacation of his own, and still made money on the arrangement! Kevin delivers packages and meals by bicycle, meaning he is getting paid to exercise. And he has become an expert at trying new apps and bank bonuses to earn 3-5% on his Emergency Fund. Kevin inspires me to think outside the box and to find ways to make money in ways other people aren’t thinking of doing. And that it’s ok to let go of “prestigious” labels or jobs that aren’t fulfilling, just because other people wouldn’t understand.

Others whose stories inspired me

Mr. & Mrs. WOW – Waffles on Wednesday – planned to take a year off to go travel around Europe, but then the pandemic happened and Mrs. WOW found out she was pregnant. When life happens, you adjust and make the best of it. They now have a young daughter, Mr. WOW is working for one of those FAANG companies (as a personal bucket list item, not because he needed to go back to work) and they moved to another state. You don’t always have to go back to where you left off from… I think I need to be reminded of this often

Lisa – A Lawyer and Her Money – Lisa retired for a year at age 35. I’m doing it just a few years later at 38. She kept busy during her time off, read lots of books (I’m doing okay-ish with this, but need to read more), exercised a lot, and started online dating. She eventually found a new job, but her net worth actually increased during her time away from the workforce – I expect mine will do the same, since I have money invested and working harder for me than I could ever do myself.

Ashleigh Evans is someone I met at my first CampFI in Florida in 2018. She was in the Navy, but was getting ready to leave and pursue a nursing degree at Yale! Her passion for midwifery and being a doula was so inspiring to me, since I’ve never been that passionate about anything, except maybe competitive swimming when I was a teen. But of course life happened and she was delayed in her exit from the Navy, which resulted in her not being able to move to Connecticut in time for the fall semester. Two weeks after separating from active duty service, Ashleigh bought a one-way ticket to Johannesburg, South Africa and traveled throughout the continent for a month. She would then travel through Europe, visiting fourteen countries within four months. I am amazed at the amount of solo travel she did all around the planet, and then settled back into her life in the states with a house hack/remodeling project that she self-managed as a full-time nursing student.

Robert – Stop Ironing Shirts – his story is a little different because he is fully retired early, at the age of 36, if I recall correctly. But he and his wife have chosen exactly what they want to do with their lives, which at this point are living near the water, fishing, surfing and traveling. He did take a part-time consulting role with a friend’s company for a while, which provided the benefit of healthcare coverage, but that faded away with the pandemic, as so many experienced. They also enjoy going shopping at Costco, so they became Instacart shoppers and would make a delivery or two most mornings at the start of the pandemic. This unexpected income covered their living expenses while the market was down around 34% in early 2020. I think it’s important to realize we all have skills we can monetize, and even a small amount of income can delay withdrawals from savings/retirement accounts when markets are falling.

And of course there are countless others who inspire me in some ways and I have taken a bit of knowledge from every post I read and every podcast episode I’ve heard.

What I’ve borrowed for my own adventure

Short recap of my time off and how the people above inspired it in some way:

  • Quit job as a Certified Floodplain Manager  – Kevin showed me it’s ok to walk away from labels and higher paying jobs and Gwen showed me not to stick around when I’m miserable.
  • Visited 20 states, 4 countries, saw friends in 7 states, 7 National Parks, 6 national monuments, 2 national conservation areas, and a whole bunch of other treasured places (I’ll write a detailed post covering all of them, at some point) – In this case, I was actually inspired by everyone I mentioned above. Most of them do some travel hacking, but all travel widely and visit friends/family wherever they go.
  • Spent most of 5 months in my hometown in Indiana, with my parents, grandparents and sister – inspired by Purple’s multiple home bases
  • Spent from savings, instead of only stockpiling extra cash during my working years – inspired by Jessa’s goal to spend her whole paycheck instead of saving 70-80% of it like she used to do.
  • Chose to embrace the idea of mini-retirement, sabbatical, gap year, career intermission, career pivot, whatever you want to call it. This is time for me to become a better version of me, not just continuing to work in a career that I excelled in, but no longer felt like a passion or a calling – Jillian inspired me to take this time for me and to be intentional about what the next chapter will look like.
Featured

Lifetime Wealth Ratio

Have you ever wondered how much you have made (from W-2 income) in your life? If you started as a teenager like me, it can be hard to remember allllllll the way back to the stone ages (1990s – before the iPhone was invented and every teenager dreamed of crafting the perfect AIM away message)…

One clever hack is to enroll in the Social Security Administration website at ssa.org/myaccount to take a look at your taxable income history. This comes in two flavors: Taxed Social Security Earnings and Taxed Medicare Earnings. Some of you might wonder: Aren’t those the same amounts?! And you’d be mostly right, most of the time. But as my buddy J.D. Roth points out, Social Security earnings are capped and Medicare earnings are not. Also, I’ve worked in some “temporary” positions in local and state government that did not participate in Social Security, so I have whole years of income with $0 in the column for Social Security Earnings.

So once you have your total taxed Medicare Earnings, what do you do with that info? Well for J-Money and others, you calculate your Lifetime Wealth Ratio! The LWR is a simple fraction: current net worth on the top, and lifetime Taxed Medicare Earnings on the bottom.

If you’re early in your career, the LWR number is probably small, like 1/10th or 1/5th of your lifetime earnings being the dollars that you’ve kept and added to your own personal bottom line. It might even be negative for a while if you are carrying student loan debt or consumer debt from cars to credit cards. But the important thing to realize is this is just a starting point!

As your career takes off, and you pay off debt and accumulate wealth, your LWR might pass the 50% mark. At this point, you have half of every dollar you’ve earned to show for your years and years of effort in the workplace.

Admittedly, the Lifetime Wealth Ratio is a pretty useless metric, in terms of actually providing a rigid comparison tool. But since you should only be comparing yourself to Past-You, it’s a great measuring stick to see how far you’ve come!

Downsides: The Net Worth number you use is in the Numerator is comprised of all the money choices you have made over your lifetime, not just a reflection of your day job income. This includes investment accounts (which hopefully grow over time), loan balances, house equity (if you’re someone who includes the house, since not everyone does), and the cash you’ve saved from your lifetime of paychecks. If you had great luck with a house appreciating or a stock shooting to the moon, you have a LWR that could be considered artificially high, but that’s your number and you own that Net Worth, regardless of how it was earned.

So have you calculated your LWR? As of January 2019, mine was 44.9%, up from about 25% when I first heard of this metric in 2015 from J-Money’s blog BudgetsAreSexy. My income increased 3 times in those 4 years, but my net worth has increased at a faster clip since I started maxing out my 457 and Traditional IRA, seeing some increase in my home value (after the huuuuge drop from 2007-2010), and generally getting better with my money. Isn’t that what it’s all about, anyway?

UPDATE: As of the end of 2020, my LWR is up to 57.84%. This nearly-13% jump in 2 years was because my net worth increased more in 2019-2020 than I earned in my W-2 job. For example, my 2020 net worth increase was 41.7% MORE than my earned income in 2020! Part of that was a recovery in housing prices (remember, I bought at the peak in 2006 and spent 12.5 years underwater on my mortgage), and of course a lot was the bonkers stock market in 2019-2020.

We all work too hard to earn those paychecks… shouldn’t you have something left at the end of the month or year to show for yourself?

Featured

2020 Goals recap

Recapping 2020 Goals (which, TBH was a very hard year to meet any goals).

Here is what I wrote in my final post of 2019:

Looking ahead to 2020, I already have 2 trips planned for January, 1 in March, and hope to take many more. I’ll attend CampFI Southeast Week 2 in Gainesville again, and the following weekend is a trip to Little Rock and Nashville over the MLK Weekend. March will welcome the EconoMe Conference in Cincinnati, and I hope to see many of you there! Those three trips combined will take only 1 vacation day, so I’ll finally be building up a little bulk of time off from work.

I have already submitted paperwork to HR to increase my 457(b) contributions to meet the 2020 maximum of $19,500. This year it’s a nice round $750 per pay period (26) versus $730.76 and leaving 24 cents worth of contribution room! LAME! That TWENTY-FOUR CENTS could become a couple whole dollars by conventional retirement age! 😊

My 2020 $6,000 Roth IRA contribution is sitting in my Vanguard Money Market Account, ready to be deployed early in 2020 for the maximum “time in the market” to work its magic.

I’ll complete another minimum spending requirement on my current Chase business card just after the first of the year, so that means another 50,000 + 4,500 for the points earned on spending $3,000 in the first 3 months, will be posting to my account for future travel planning.

And one goal I didn’t even know I had for 2019 was to give more generously than I had in the past when I held more of a scarcity mindset. I am going into 2020 with the intention of giving more away than I did in 2019.

Travel

I’m glad I front-loaded my year with so much travel, because as we all know, that pretty much stopped by the middle of March. Not mentioned in the list above was the unofficial SkiFinCon trip to South Lake Tahoe, which I tacked on a night in Vegas and a night in Reno beforehand, and two nights in the Dallas/Fort Worth area on my way home to Florida.

I also made two road-trips to visit my parents in Indiana. Dad had spinal fusion surgery in July, and we thought it would be a good idea for me to be there for his first few days of recovery. But as it turned out, he was up and walking 5 miles before breakfast 2 days post-op. I also made a second trip at Thanksgiving, since I didn’t think I would want to make that kind of drive in December (and it’s snowing 12+ inches up North as I type this). Good call, Josh!

Retirement accounts

With my paycheck that arrives this week, I will officially max out my 457(b) plan for the very first time. Last year I was close, but those darn 24 cents kept me from getting the full $19,000 in there. I also made sure to contribute my $6,000 in Roth IRA contributions in early January, which happened to backfire this year since I put that full amount into a REIT index fund which lost a huge chunk of value when Covid-19 wrecked commercial real estate values and rents. No worries, I figured other index funds would recover more quickly, so I transferred the $5,237 that remained into the Vanguard Total International Index fund and I’m at $5,997 (plus September dividends that were reinvested into 1.172 shares now worth $37.67) with those dollars. Hooray, slightly above where I started in January with my 2020 Roth dollars – $6,034!

Credit Cards

I did indeed finish up my minimum spending on the Chase business card, and I got a couple referrals to friends on Twitter. And then Chase closed all of my personal and business credit cards. I transferred out some of my points (to Hyatt and Southwest) then cashed out over $3,000 in Ultimate Rewards to pad my Emergency Fund as the pandemic was beginning. I also called and recovered the annual fees from 3 of the cards, netting an additional $694 to help buffer against potential loss of income.

Income

The only loss of income I actually saw this year was the elimination of overtime, which we had previously been permitted to work as much as we wanted. Our workload didn’t actually drop any – we’re still setting new permit records – we’re just expected to do more work for less money. This is a primary reason I have been considering leaving my job sometime in 2021.

I was eligible for the full $1,200 stimulus payment back in April/May timeframe, but since I was suddenly flush with cash, I didn’t need that money. I quickly donated $300 to the ChooseFI International Foundation, a registered 501(c)3 that was ramping up efforts to help parents suddenly forced into accidental homeschoolers. The CARES Act allows a $300 Above-the-line charitable deduction on your 2020 taxes, so please consider giving this season before the calendar runs out.

I wound up donating nearly as much in 2020 as I did in 2019, and that was with the big reduction in overtime pay. By late November, my performance review raise kicked in, so I should end the year slightly under last year’s total income, although a 27th paycheck arrives on December 31st that would otherwise be paid on January 1, but the banks are closed for New Years, so the artificial total will be slightly higher because of 2 extra pay-weeks.

Featured

Purple Lessons

As you may know, I’m part of a group of nerds who writes about money on the internet. We find joy in helping others avoid some of our missteps, find better bank accounts and credit cards, and some of us aspire to retire early. One of my favorite money nerds is doing just that! On October 1, 2020, my friend “Purple” from APurpleLife.com is retiring at the ripe old age of THIRTY!

Today, on her final day as a working stiff, a bunch of us are writing to celebrate Purple. We’re doing this all over our blogs and social media accounts, because Purple has been an incredible addition to our community, and even won a Plutus Award for the Best Personal Finance Article in 2019!

Here’s the links to other posts from the group celebrating Purple’s achievement today:

Jess from Financial Mechanic wrote this post about Purple’s journey and is linking to the other posts about Purple from our group: https://financialmechanic.com/this-woman-just-quit-her-job-at-age-30-after-saving-500000

Angela dedicated one of her Women’s Personal Finance Wednesday posts to Purple yesterday

Dillon from Dollar Revolution made this GIF

Darcy from We Want Guac wrote this A Purple Life blog review:

Ms. Mod from Modest Millionaires wrote this post congratulating Purple for retiring at 30:

Rich & Regular sat down with Purple and Momma Purple in this wonderful piece called “Conversations with A Purple Life”

Jessica from The Fioneers made her Purple tribute on Instagram:

View this post on Instagram

Want to know what today is? Today is the day that my girl, @apurplelife, retires early! ⠀ ⠀ Instead of just saying congratulations, I want to tell you all about how Purple has had an incredible impact on my life.⠀ ⠀ 1. Right when I was new to blogging, I was going through my severe anxiety episode, and I was struggling with the idea of going back to work. I had previously fully thrown myself into my work and neglected my own self-care and my needs. When I read a post by Purple about how the pursuit of FI has changed how she acted at work, a lightbulb went off in my head. I never saw work the same way again. I began to realize that financial freedom provided me with the ability to set boundaries, to say no, and to pursue what I actually wanted. ⠀ ⠀ 2. Yes, Purple is retiring at the age of 30, so you might think that is the antithesis of #SlowFI. However, it is NOT IMPOSSIBLE to design a life you love and still retire at 30 (as long as you have a high enough income to start). I've been continually impressed by Purple's approach to her work and her life. She specifically pursued a role that provided location flexibility, so that she could work from home 100% of the time. If she didn't enjoy what she was doing, she'd talk to her manager about it and get no new projects. She also didn't see work as the be-all-end-all. She's always prioritized having a fun and joyful life outside of work. Now she'll get to do those things with more of her time. ⠀ ⠀ 3. While I am a big proponent of Slow FI, the thing I care most about is that people are choosing their own life script. There are people who are pursuing the default path (work 40 years and maybe retire someday) and then flip to pursuing the default FIRE path without too much constructive thought about whether that's actually what they wanted. Purple does NOT fall into this camp. Purple has been incredibly reflective of her life and her pursuit of FIRE (including the retire early) was because she specifically wanted that for her life based on the unique things that she enjoys and wants to do. ⠀ ⠀ All this to say, CONGRATULATIONS Purple! I can't wait to see what the next few years bring! #apurplelife

A post shared by The Fioneers (@thefioneers) on

My post will be to share some of my favorite money and life lessons learned from Purple, complete with links to her blog articles so you can take a look at them, too.

Things won’t magically get better just because you land your dream job

Purple described searching for her perfect job, then landing it. But she came to the realization that:

“The perfect job equates in my mind to finding the most well decorated prison cell. It’s still a prison.”

It doesn’t matter if you get paid well, or you get to work from home, or have nice coworkers, or whatever. Your employer still lays claim to at least 40 hours of your time each week, plus the time it takes to get ready in the morning, commute to the workplace, your return commute home, and even some of your so-called “free time” as you think about work issues in the evening, as you lie awake restless at night, or on the weekends. Some even expect you to check your work emails during vacations, when you’re literally being paid NOT to work. It’s gotten ridiculous, friends.

Even those of us who are “lucky enough” to work from home, are now shouldering new burdens. My electric bill is higher, since I’m using my own air conditioning 24/7 plus paying for extra electricity for my work computer to run all day. If I didn’t already have it, I would need high-speed internet. I’m using my own bathroom all the time, which means more water use and using my own toilet paper instead of the scratchy stuff at my workplace.

My dream job a few years ago allowed me to work from home, have a company-issued vehicle, traveled frequently (both day-trips and overnights) and I got to explore new places in Florida that I’d never even heard of. I worked as part of a very cohesive team, and we implemented not one but two innovative new programs that were recognized throughout the country as effective new strategies to deliver services to our constituents. But it still wasn’t enough, because some micromanagement and some broken promises from management led our whole team to break apart and we all found new jobs that would compensate us for the knowledge and experience we brought to the table.

Jobs are Just Never-Ending Group Projects

For most of us high-achieving students, nothing struck a nerve quite like hearing the teacher/professor exclaim that this assignment will be a group project. You know the drill – small groups are formed, a project topic is provided, and then 1 or 2 kids are left shouldering the load for the whole group. Sometimes it’s laziness, sometimes it’s a lack of knowledge or skill, and sometimes there’s a perfectionist in the group that won’t let anyone else contribute. For all these reasons and more, Group Projects are The Worst!

Purple correctly points out that our grown-up jobs often require teamwork, which often looks just like those group projects of our school years.

“It’s the fact that the work I do involves teams – it’s all a group project. Instead of getting clear instructions and a set timeline like we did in school and setting off to complete the task on your own, we must coordinate between people, rely on them, bother them/remind them of their jobs and basically do what I had to do during group projects in school.”

I’m more of the “I trust myself to do my job and do it well” kind of employee, whereas plenty of other people on my “teams” have been the type to spend half the day standing around talking with other coworkers, taking 9 bathroom (or smoke) breaks a day, and just generally not getting their work done in the prescribed timeframes and hours expected. I would be quite happy to be a team of 1, reliant upon nobody else to get the work accomplished, and then all of the credit would be mine to claim, as well.

Knowing WHY she wants to retire

Purple’s answer is a lot more realistic than mine. She says:

“I want to see what I can get up to when my life is not a cycle of drain and recovery.”

For me, it’s to stop having anyone else lay a claim to my time and efforts. In a way, that’s similar to what Purple said, but I also want to be more clear about what I plan to do: I moved to Southwest Florida to live my dream retirement life now. I want to go to the beach, play golf year-round, and never worry about another blizzard again. In my retirement, I may wind up as a “snowbird” chasing an endless summer, but that will allow me to avoid Florida’s biggest drawback: Hurricanes.

I may find out that endless relaxation and leisure activities is not how I want to spend the rest of my life. And I may find that I come up with new ways to make money in my “retired” years, so I have no trouble saying that I won’t be done working for the rest of my life when I finally retire. But as I’ve heard from Tanja Hester, author of the Our Next Life blog and the book Work Optional, Financial Independence/Retire Early is how wimps strive for entrepreneurship. We build the nest egg we’ll need for the rest of our lives, and then it’s ok if some self-employment scheme or idea doesn’t pan out – because your retirement is still secure within your retirement and savings accounts.

Knowing your Why is so important on the journey to Financial Independence, and Purple has a great Why.

She lives the #SlugLife

Purple is obviously incredibly productive in her work hours (and extended hours since she writes a wildly-popular FIRE blog), but she also recognizes something very important.

“Busy does not equal productive…and productivity might be overrated.”

In this article, Purple claims she is an unproductivity advocate, because we all have different ways in which we recharge our bodies and minds.

In today’s face-paced society, life can feel like we’re constantly rushing to do something or go somewhere. There’s a reason McDonald’s now has double drive-thrus everywhere, we all want our stuff faster! Nevermind the fact that there’s still 1 payment window and they usually only serve from 1 serving window – having twice as many ordering boards makes us think it’s going faster!

But forget fast food, people are often rushing their kids around to different activities. They’re trying to rush up the corporate ladder, vying for promotions and raises, or job-hopping to take a marginal step up on a different ladder. Purple flips that on its head – do good work, but take time to relax, recharge, and enjoy the time that is yours.

Controls her spending

Living in a city that most of us would consider expensive, Purple has lived in Seattle the past several years spending less than $18,000 per year. Spending so little certainly allows her to save and invest more, and it also requires a lot less for her to need to cover in her many decades of retirement. She doesn’t have a car, which is an $8-10,000 expense every year for most Americans. She splits her apartment rent with her partner, immediately cutting in half one of the largest expenses most people have every month. She travel hacks some amazing international trips, meaning that the airfare and accommodations are covered by credit card points/miles instead of paying the full cash price.

I’m a homeowner in a very suburban area, so I have to have a car to get around and I currently live alone so my guest room is available for friends and family to come stay with me on vacations. Doing those two things keep my annual spending artificially high, since I have to pay all mortgage payments and utility bills on my own, and I have to keep my car in good working order, insured, and filled up with gas to complete my nearly 2-hour round-trip daily commute. I do my fair share of travel hacking too, but I still spend quite a bit parking said car at the airport, or paying for nicer hotel accommodations when an Airbnb would probably work out just as well. In 2019, I spent $20,016 combined on housing, utilities, car, and travel, while Purple spent $17,896 on her WHOLE LIFE in 2019, living in Seattle. I could definitely learn some things from the cost-conscious Purple.

She’s an incredible friend

But more than being a job-hating, early-retirement-obsessed, #Sluglife, penny-pinching miser (which she is NONE OF THOSE THINGS), she’s an awesome friend. I had the pleasure of hanging out with her in Washington DC and in Seattle in 2019, and she’s such an excitable, hilarious, and yes colorful young woman, set on living her best life after her required working life is out of the picture.

I’m so proud of you, Purple. You did it!

And now she starts her best chapter. I can’t wait to follow along.

Me, with Angela (Tread Lightly, Retire Early) and Purple (shown here as a purple Unicorn)
Me, with Angela (Tread Lightly, Retire Early) and Purple (shown here as a purple Unicorn)
Featured

Superfan

It was 22 years ago, during the annual high school basketball County Tourney. I was a freshman in high school, trying to sit with the cool kids in the student section, with one eye on the basketball games and one eye on the cheerleaders. Back in middle school, I’d been on the basketball teams in 6th and 7th grades. But I didn’t get a lot of playing time, and my seat back in those days was at the far end of the bench. Partially obscured by the cheerleaders.

It was in middle school that I learned all the cheers. I can’t spell the word “aggressive” to this day without chanting “Be Aggressive, B-E Aggressive” to myself inside my own head. And I’d always had school spirit and a booming voice, so during that high school tournament, I was there all 4 nights, cheering on our girls and boys basketball teams, myself being louder than some of the other teams’ whole cheering sections.

At the conclusion of the tournament, the cheerleading coaches came up to me. Our school was a small farm school, so we definitely didn’t have a co-ed squad. I was perplexed, wondering why they wanted to talk to little ol’ freshman Josh. They would congratulate me on my enthusiasm and unbridled school spirit. They wanted me to be a part of the squad – as the school mascot!

My sister and I posing for a picture during my Junior year of high school, the year our team played in the State Championship

I wound up accepting their offer and was the school mascot for basketball games during my Freshman, Sophomore and Junior seasons. The boys team would go on to play in the State Championship game during my Junior year, which meant I got to be on the floor of Conseco Fieldhouse, where the Indiana Pacers play! This, despite me being the tallest kid in the school. Our MASCOT was the same height as our starting Center! 😊

And so began a lifetime of being a superfan. Please don’t get me wrong, I do not put this out there to make anyone think I’m a “fanatic” about things. I try to be supportive, cheerful, and encouraging. I become known for being the guy who is always there to support my team, my friends.

I’ve written quite a bit about being a fan of the work from others in the personal finance and Financial Independence community. I’ve listened to every episode of ChooseFI, Afford Anything, Bigger Pockets Money, Fire Drill, The FI Show, and many other podcasts. And since these shows are hosted by some people I consider my friends, and they often interview other people that are my friends, I continue to listen to every one, each week.

I was a huge superfan of the Playing With FIRE documentary, traveling to screenings in San Diego, Atlanta, Tampa, Richmond Virginia, and caught another one during FinCon in Washington DC. I was a Kickstarter backer, listened to the audiobook, and read the accompanying paperback that Scott Rieckens signed for me at the San Diego premiere. I had a chance to talk with Scott and his wife Taylor after the showing in San Diego, at an after-party in Atlanta, saw Scott again in Richmond, and talked with them both at FinCon. I joined the FI community after the bulk of the film was recorded, but I like to think I am a part of the film since so many of my friends are shown in it!

And I have become a superfan for courses and conferences that my friends are involved with hosting. Even though I don’t need some of the introductory courses in investing and personal finance at this stage in my life, I am so incredibly happy to support my friends by buying a seat or a coaching slot and allowing them to give those to a stranger. They win, another person wins, and I get to have a huge smile on my face knowing I made a difference. I’ll never attend some of these conferences for women or minorities, but someone will get to go because I’ve supported the amazing friends who make these possible.

I did get to take advantage of being the superfan for FinCon 2019 in Washington DC. I’d signed up to volunteer for four 2-hour slots during FinCon in Orlando, but wound up working 8 of them. When FinCon organizers reached out about speakers, I thought maybe there was another way I could get involved, more along the lines of being Volunteer Coordinator, and that was exactly what they’d had in mind for me. This gave me an opportunity to get my ticket price refunded, have my lodging covered, and get paid for my time during the conference. And that, in turn, allowed me to give back even further – supporting the Plutus Foundation by sponsoring an award category, and being a VIP donor for the ChooseFI International Foundation kickoff event.

Earlier this year, I attended CampFI SE Week 2, near Gainesville Florida in January. I’d attended the same weekend last year, and knew a couple people already from attending FinCon in Orlando (Brad Barrett, Jillian Johnsrud, Nick True, and had briefly met Chad Carson). This time around, I knew almost half of the attendees, and even more of them knew me (or knew OF ME) which seems ridiculous to say out loud. 9 of us returned from CampFI SE Week 2 2019, 3 others came from the 30 attendees at Adventures to FI Retreat in Montana, plus friends from FinCon, personal finance Twitter, and local meetups in Florida. Being a superfan and supporting this community had made me a known commodity in the FI world. And I could not be more excited to continue to be a part of it.

Featured

A Primer on Flood Insurance

Originally written on October 14, 2018

Updated August 27, 2020 on the day that another Category 4, Hurricane Laura impacted the Louisiana/Texas Coast.

Today, Louisiana and Texas were battered by Hurricane Laura, a Category 4 hurricane with over 140mph winds. 2 years ago, Hurricane Michael struck the Florida Panhandle with over 160 mile per hour winds as a Category 5 hurricane and brought with it an estimated storm surge of 14 feet. Since 2017, the US has been hit by three other Category 4 Hurricanes with Harvey in Houston (perhaps the wettest storm in history, dropping over 60” of rain in some locations), Irma in the Florida Keys and Southwest Florida, and Maria which decimated the US territories of Puerto Rico and the Virgin Islands. Untold millions of lives were disrupted by these 5 storms and their impacts across the coastal states of the Southeast US.

In 2018, Hurricane Florence weakened from Category 4 to Category 1 near landfall, but still became the wettest storm to ever impact the Carolinas, dumping more than 24” of rain in some areas. This heavy rainfall led to weeks of flooding as the inland rainfall flooded rivers all over North and South Carolina, and that water in the rivers had to make its way back down to the Atlantic Ocean by rushing down through watersheds throughout the area.

Unfortunately, most of the people impacted by these storms, and the others that have ravaged this country in the past several years, do not carry flood insurance. Many people incorrectly assume that their homeowner’s insurance covers them from all perils, including flooding, but homeowner’s insurance very rarely covers flooding, which is the most common natural disaster in the United State. The term “flood” is defined as a general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more properties.1 A flood does not mean a burst pipe, or an overflowing bathtub, both of which may be covered by your homeowner’s insurance policy.

Some people incorrectly assume they will be eligible for free money from FEMA if their house is damaged by flooding or a hurricane. While FEMA does have programs that give cash payments to survivors of certain storms, these typically require the storm to have impacted a large area and have done widespread damage, enough to meet the damage thresholds required under the Stafford Act for a Presidential Damage Declaration. If the storm is not sufficiently damaging to a large area or a high enough total cost of damages, many of the elements triggered by a Presidential Damage Declaration will not become available. Even when programs like FEMA’s “Individual Assistance” (IA) program are activated, the average IA payment from recent storms have been $5,000-6,000, compared to the average National Flood Insurance Program (NFIP) flood insurance payment of $90,000+.

Other available programs include the Small Business Administration, which offers low-interest loans to people and businesses needing to rebuild, but these loans must be paid back. Long after the storm, mitigation assistance funding becomes available through the Hazard Mitigation Grant Program, but a homeowner typically needs to have already been working with their local government on a plan to mitigate or buy-out their property for the community to prepare a grant application and submit to their State or FEMA for HMGP or other mitigation funding.

Flood Insurance

By now, I hope you are seeing that Flood Insurance is the best option to protect the largest investment most people ever make in their lives – their home. Did you know that over the course of a 30-year mortgage, homes in the “Special Flood Hazard Area” or ‘flood zone’ has a 26% chance of flooding from a 1% annual chance flood (commonly referred to as a 100-year storm)? That’s about twice as likely as suffering a house fire, yet we all carry insurance that covers fire.

Flood insurance is most often sold through your typical flood insurance companies, on behalf of the NFIP, which assumes the flood risk. Flood insurance is available to homeowners, renters, and businesses. For residential properties, the maximum structural coverage is $250,000, with a maximum of $100,000 in contents coverage. Renters don’t need to carry the structural coverage to be able to purchase up to $100,000 in coverage for their belongings. Non-residential properties can purchase up to $500,000 in structure coverage, as well as $500,000 in contents coverage, since many businesses have expensive equipment necessary to run their business.

The private insurance market is small but growing in this country. Many private insurers may have similar coverage limits as the NFIP policies, while some have their own underwriting standards and coverage limitations. A hybrid approach is also available, with coverage up to the maximum of the NFIP coverage limits, and then a policy with a private insurer for “surplus lines” in excess of the NFIP limits. This is advantageous to the private companies because the NFIP flood insurance fund is on the hook for the first $250,000 in structural damage and the first $100,000 in contents. The surplus lines coverage would not have to pay out unless/until a major disaster wiped out at least a quarter million in the home’s value.

Some reasons that flood insurance may be cheaper through private insurance companies because NFIP premiums are collected into the National Flood Insurance Fund, which pays out flood insurance claims, flood insurance studies and mapping for participating communities, and for hazard mitigation programs such as Flood Mitigation Assistance and Pre-Disaster Mitigation grant programs. In addition, the Flood Insurance Fund is paying interest on money borrowed from the US Treasury to cover past claims, especially Hurricanes Katrina (mostly forgiven by Congress in 2018), Sandy, Harvey, Irma and Maria. Furthermore, FEMA has been tasked with building a reserve fund to pay future claims without borrowing from the Treasury. FEMA also has purchased “reinsurance” from large global insurance companies for the past 2 years to help spread the NFIP’s risk exposure.

Higher standards and a discount program

The NFIP makes flood insurance available in over 22,000 participating communities nationwide that have agreed to adopt and enforce development standards in their identified floodplain areas. Among these 22,000+ communities, approximately 1,500 communities have joined the voluntary Community Rating System that awards flood insurance premium discounts to policies in those communities for adopting higher standards than the minimum, and for other public education, outreach and other floodplain management-related activities. The three goals of the Community Rating System (CRS) are to:

  1. Reduce and avoid flood damage to insurable property
  2. Strengthen and support the insurance aspects of the NFIP
  3. Foster comprehensive floodplain management.

The CRS program is a points-based program, offering a 5% discount for every 500 points that a community earns from 19 Activities and 92 specific elements, subject to certain prerequisites. Discounts range from 5% for many beginner communities in the CRS program, up to 45% for 1 community in California that has earned the required 4,500 points to earn the highest rating of Class 1. These discounts are applied automatically to NFIP policies in the CRS-participating communities, so be sure to check your “declarations page” for a CRS discount. While “only” about 1,500 communities participate in CRS, those communities represent over 70% of the policies in the nation. This make sense, as the largest communities and areas with the highest rates of flood insurance coverage stand to gain the most by documenting their efforts to reduce and avoid flood damage in their communities.

If your property is not in a “Special Flood Hazard Area” or if you have been recently mapped into the SFHA, check with your insurance agent about receiving a Preferred Risk Policy. These typically can be had for a few hundred dollars per year, rather than the full-risk rate which may cost $1,000 or more, depending on the specific flood zone and/or the elevation of the finished floor of the home. The only way for an insurance company to properly rate a policy is with an Elevation Certificate prepared by a licensed surveyor. This will show information such as the community name and community ID number (to properly apply any potential CRS discount), the flood zone and required Base Flood Elevation, the elevation of the finished floor of the home or structure, the elevation of any attached garage or enclosure, and the elevation of any machinery or equipment servicing the building. All these factors are factored into the rate that each policyholder will pay for their unique flood risk on their property.

To recap:

  • Your homeowner’s insurance does not cover flood damage.
  • Flooding is more frequent than ever and has affected all 50 states since the year 2000.
  • Individual Assistance from FEMA averages $5k-$6k, while flood insurance pays out an average of nearly $90,000.
  • Your community is probably already working hard to earn you a discounted premium. If they are not, ask them to join the CRS to save their residents and property owners money on their flood insurance.
  • If your home is flood-prone, there may be mitigation grant money available to buyout or elevate the home.

Please feel free to reach out to me with any questions, as I have been a Certified Floodplain Manager since 2012, with experience in coastal and riverine communities, and previously worked 3.5 years in the State Floodplain Management Office in Florida. I currently serve as the Chair of the Florida Floodplain Managers Association, and I have presented at the Association of State Floodplain Managers national conference. I can be reached at Josh.Overmyer@gmail.com.

1 FloodSmart.gov, the official website of the National Flood Insurance Program (NFIP).

Featured

Lessons from Adventures to FI

In October 2019, I attended the inaugural Adventures to FI Retreat in Whitefish, Montana, where nearly 50 FI-seekers from around the US and Canada got together for a weekend of thoughtful interaction and deep thinking. While I have never been good at taking notes in school or in meetings at work, I knew that this weekend was going to be an important turning point in my life, and I wanted to have some hand-written notes of things that caught my attention. I even left my laptop at home in Florida so I would have to write things into my notebook.

There were several things that were mentioned by the panelists (Mr. Money Mustache, Ed from ChooseFI Foundation and Kerry Ann from The Best Chapter) that caused me to nod in agreement, tear up, or laugh aloud. I won’t cover all of them here, but I wanted to write about a few of them and how I’ve tried to put them into action in the few weeks since I’ve been home.

MVIMG_20191018_101845

The first came from Kerry Ann, and she encouraged all of us to “Fall back in love with being a beginner.” She admits that being a beginner isn’t easy. It can be really hard to try new things! But when you’re brand new to something, there’s no expectation that you’ll be perfect at it. There’s no expectation that you won’t make mistake after mistake, but you will learn and grow through those mistakes. Plus there’s the excitement of trying new things, making progress and building new skill sets.

Along those lines, another lesson from Jillian was the concept of “dipping your toe in” versus “the cannonball” method. We can all be dainty little flowers and creep ever so slowly into a new task, or we can jump in with reckless abandon and fully immerse ourselves in that endeavor.

One day in January, I chose the cannonball method at my Toastmasters meeting at work. I had been doing the “dip my toe in” method for several months, and had moderate success only participating during the “table topics” portion where I get a random prompt and have to stand and speak for 1-2 minutes without preparation. But in November, our Toastmaster (leader of the meeting) volunteered me to give an impromptu speech. I had the option to decline, but I decided to embrace the proverbial cannonball and jump right in for a minimum of a 4 minute speech.

After some nervousness and a shaky start, I had to quickly wrap up my speech because I had reached 5 minutes and 43 seconds, where 6 minutes was the maximum deadline (technically 6:30, but the red card goes up to say “STOP” at 6 minutes). And I got lots of good feedback, telling me I did a good job, to slow down when I talk, and they want to hear more. I even got multiple suggestions to give a prepared speech soon on the topic of Travel Hacking – one of my favorite topics. I guess they could see me light up with excitement as I introduced the basics!

And the third lesson I want to touch on is a much broader one: “I want to make a dent in the Universe,” again from Kerry Ann. I often feel like what I do is not important – personally or professionally. Sure, I know that by regulating development in floodplains, I am protecting some future occupant from drowning or sustaining massive flood damage from some future flooding event that could be decades and decades away from now. And personally, I just share some of my investing mistakes or random thoughts around the concepts of money. But I am more than that. I’m a friend, a homeowner, a philanthropist, a safe ride home, a free hug anytime you need one, a fan, and an investor. How can I share my unique gifts and talents to make this world a better place, even for just one person? That’s what I want to continue to explore as I plot out my next steps on the road to FI.

Featured

Adventures to FI Retreat

Joe Dirt famously said “Life’s a garden. Dig it!” But what happens when you neglect your garden? Your chosen plants wilt and die, quickly replaced by weeds. If your life is indeed a garden, and you neglect the parts that make it fun and enjoyable, you’ll get overrun by weeds.

Jillian Johnsrud reminded us that we need to be intentional about our lives and choices. She pointed out that life isn’t a race to the FI finish line, where you’ll start out with a barren plot of land to make a garden at that point. If you get there and have nothing to focus on, your plot of land will either be a patch of weeds in no time or maybe the dirt will dry out and get caked up as it does in a drought. She encouraged us to plant 1,000 seeds, to get ideas started germinating, which could be hobbies, business ideas, or friendships.

That is my (poor) retelling of the final classroom session at the inaugural Adventures to FI Retreat in October 2019. 50 FI-seeking individuals from around the US and Canada converged on Whitefish, Montana for a weekend of fun, learning and thinking about our paths to Financial Independence and beyond. Jillian also invited 3 special guests to join us and help lead discussions and sit on a Q&A panel, who have all already achieved FI: Pete Adeney (AKA Mr. Money Mustache), Ed from the ChooseFI International Foundation, and Kerry Ann Rockquemore (who has an audacious goal of giving away a million dollars).

IMG_-xm22jg

The event was held at The Lodge at Whitefish Lake, a picturesque ski lodge sitting on the banks of Whitefish Lake, complete with a Boat Club, pools and hot tubs (both indoor and outdoor), and a conference facility. Jillian also rented a large luxury home in an adjacent neighborhood for the group to mingle and share meals in a more relaxed setting.

00000PORTRAIT_00000_BURST20191020081309742IMG_20191017_135410

We mostly arrived on Thursday afternoon/evening and made our way to the luxury house for some drinks and ice breakers/introductions. The event began in earnest on Friday morning (after a plentiful breakfast) where we heard from Jillian about finding happiness all along the route to FI. You don’t just wake up one day with a enough money in your accounts that you have a permanent smile on your face from that point on… it takes deliberate steps to build happiness into your daily life and routines. After Jillian’s talk, we had the Q&A with our esteemed panel, including some questions from Jillian to seed the conversation, along with audience questions. By the end of the morning, we had breakout sessions where people chose to talk to others about topics of interest to them; I chose Mindfulness and then skipped over to the Real Estate table before we stopped for our afternoon break.

20191019_093350

Whitefish Montana is near Glacier National Park, so a lot of folks headed out onto nearby trails or to catch the famous Red Bus Tours. I stayed behind and walked into town with Peter from outside of Toronto Canada. He heard me say I was going to check out a barbecue restaurant, and since they don’t get good barbecue in Canada, he was happy to join me. I also lucked out that he had some American Dollars that he “needed to get rid of” so he picked up the tab for our delicious lunch. He headed back to the lodge to get some work done on his laptop, but I continued into town to check out the cute little shops and restaurants in Whitefish. After a JobSpotting for a little while, I was starting to get a little chilly and walked back to the lodge to sit by the fire.

IMG_20191017_135602

The evening session on Friday was back at the luxury home but was really just a meal and more conversations. Jillian posted in the event Facebook page that she was hanging out drinking tea by the fire in the big house, and that anyone was welcome to stop by early if they weren’t out exploring. I headed over right away to chill out on the oversized couch and catch up with my friend Jillian, who I really didn’t get to see a whole lot during FinCon only about 6 weeks earlier in Washington DC. It was just the two of us for probably 30-45 minutes, and that was so nice to just sit and chat with a friend!

SBP_8058

Saturday started with another big breakfast, then each breakfast table became a 10-person mastermind session for an hour. Each person had 7 minutes to ask a question or state a scenario, and the other 9 people would provide suggestions, ideas, or questions meant to help each person think through the options of the situation they described.

IMG_20191019_105507

At my table, a lot of the questions centered around finding different career tracks, without completely abandoning the knowledge and skills we’ve developed along the way. Some people were interested in getting started in real estate, and although I have not invested in any rental real estate to date, I have studied quite a bit and regularly listen to podcasts covering that material, so I had a lot of useful info to provide in that segment (thanks Coach Carson, Rethink the Rat Race, Bigger Pockets, etc).

FB_IMG_1571945025789

Then we went outside the lodge to take the group photo above, before heading inside for 1 more breakout session on a topic of your choosing. This time I sat down with 7-8 other single people on the path to FI, where Jennifer Mah led us through a lot of considerations she’s been thinking about because there are a lot more things to worry about and deal with as a single person, without a partner or children to make decisions for you in the case you become temporarily or permanently incapacitated. It wasn’t all depressing though, as the conversation eventually came around to dating, with questions such as “would you date a person with debt?” and “would your partner have to be on the path to FI?” with various responses to those scenarios. Generally, we all said we’d be ok with debt if there was either good reason for it (student loans to finance an education for a professional career) or they were actively working to pay off the debt. But the path to FI question definitely had us split – I said I would want her to be interested in reaching FI and joining me in traveling, while others didn’t seem quite as concerned with that situation, although they weren’t all necessarily happy with traveling the world as a solo woman.

For many of the attendees, this was their first FI-related event that was longer than a couple hour meetup. But there were some familiar faces from CampFI SE in Gainesville in January 2019, or FinCon, and/or a Playing with FIRE showing. In all, I knew 9 attendees/panelists before arriving, so I came away from the event with 40 new friends. 5 of us even wound up on the same plane to Seattle on Sunday, so the conversations kept going in the shuttle to the airport and during the 90-ish minute wait to board the plane!

After I arrived in Seattle, knowing I had 7.5 hours until my red-eye flight to Philadelphia, I hopped on the Link light rail into downtown Seattle to join up with Angela from Tread Lightly Retire Early and Purple from A Purple Life. We’ve been friends on Twitter for a year or two by now, but I had finally met them in person during FinCon in DC, so it was very cool of them to meet me downtown on an abnormally rainy October day to hang out and help pass the time. We grabbed edible cookie dough, then checked out the Seattle Central Library, walked through a park I had been to in 2003 but neither of them knew existed(!), and we went to a Mexican restaurant for tacos.

IMG_zh92nb

About 24 hours after I boarded that plane at Glacier Park International airport, I finally reached home. I’ve been meaning to sit down at think through all of the terrific advice I received from my mastermind group, and try to figure out what my next steps will be as I try to grow a better version of my life’s garden, filled with the kind of work and people I love.

In 2019, that meant a lot of travel to these FI events like CampFI, FinCon, Playing with FIRE documentary showings, and a trip to Cabooselandia. But the trips are always so well worth it to me, and the Adventures to FI Retreat in Whitefish Montana was no exception!

Featured

March 2020 – EconoMe Conference

March 2020 was the last time most people were able to travel, due to the Covid-19 pandemic, and it caused an abrupt end to my 2020 travel plans as well.

It was a trip I’d been looking forward to since September 2019, when I first heard about the new EconoMe Conference on the What’s Up Next podcast. I’d met Diania Merriam, the founder, at FinCon that same week, and was excited to see how her creation would turn out. I knew most of the speakers, either from past FinCons or on Twitter, so I was excited to see my friends, if nothing else.

As time passed, the event grew larger. While she’d hoped for around 700 attendees, over 250 showed up, from all over the country, although most of the contingent was from the Midwest.

I stayed in the Hyatt Regency downtown Cincinnati, for 8,000 Ultimate Rewards points per night, transferred to World of Hyatt. My flights were a basic cash purchase from Allegiant, since I needed to fly out right after work on Friday afternoon, and back on Sunday to go to work Monday morning.

On the morning of Econome, I woke up early due to excitement about the event. After getting up and getting ready, I decided to set out on foot, and walk towards the campus. I searched for available Uber or Lyft rides, but they were all 25-28 minutes away, and I figured I would keep walking closer to campus and check again later. By the time I found myself halfway(?) up Bellevue Hill, I was almost out of breath, sweating profusely, and by the way, it was only 35° outside. I’m definitely a flat-lander.

The event was all day on Saturday March 7th, on the University of Cincinnati campus. We had a morning reception/coffee break to get to know other Economeists, buy FI-related books from the campus bookstore, and get settled in for a fun day of FI talks and breakout sessions.

After a rousing welcome from Diania,  the first speaker was Julien Saunders, from rich & Regular, and then Natalie Torres-Haddad from Financial Savvy Latina.

Travis Hornsby from Student Loan Planner gave an awesome talk about the different strategies to achieve FI, even while carrying student loan debt. Rose Lounsbury is a minimalism coach and talked us through finding our own “enough”.

Then we had a lunch break, so we all scurried away to get some food and refuel for the afternoon activities. I got to go to lunch with my Twitter/Instagram friends Kelly Gagnon and Brenda Olmos, plus Emilie Cleaver (from the rebranded WiseMindMoney, now EmilieCleaver.com) and 4-5 other attendees.

When we got back to campus, it was time for break-out sessions, with many of my friends going to see Playing with FIRE documentary (which I’ve seen 10 times), so I opted to go to the Travel Hacking session, which some people mistakenly believed I was leading 😊

The travel hacking session went really well, even though most of us were at different levels of experience with the hobby. Most of my experience was with Chase cards, although I had a few mistake cards in my history from opening up a Delta Gold card with a really low sign-up bonus, and the former SPG card from Amex being devalued down to not worthy of being used. Kelly had recently opened several cards, for both personal and business use, which allowed her to earn the Southwest Companion Pass (even at the increased 125,000 point requirement) that she is not going to get to use due to Covid. BJ Beard is a long-time service member who has taken advantage of the ability to get high-end premium credit cards with all annual fees waived for active-duty service members. He knew a lot about Amex Platinum and other premium cards, including some fabulous redemptions that have taken him and his wife around the world.

After the breakout sessions, Jillian Johnsrud gave a talk, followed by Michael Robinson from Uncommon Dream. I got to hang out with Jillian and Michael when they both presented at CampFI SE in 2019, so it was great to see them both on stage again. After Michael was Lynn Frair, who talked about the 8 types of Capital. Jackie Cummings Koski is a recent early retiree, quitting forever in December 2019, and she walked us through her numbers and her journey to get there. And the one and only Doc G from What’s Up Next/Earn and Invest podcast wrapped up the show with 3 vignettes, including a final Rap performance. I told you, he rapped up the conference. 😊

Afterwards, we had some time to hang out and talk with the speakers, but then we all shuffled off to dinner. I was able to go out with my friends Jillian, Peter Gallant and AJ Wolfe, who I became friends with at Jillian’s Adventures to FI retreat. We almost met up with Cheryl Anne Woehr and Lucy (a Brit working in DC) and we had pizza at a non-profit shop that helps developmentally disabled adults learn job skills. It took quite a while to get our food, but it tasted pretty good and we were all happy to support the cause.

After dinner, we rushed back to the Woodward Theater, a refurbished theater from the 1920s for the EconoMe after-party.

I realized quickly that I’ve become an old man, because I was exhausted from carrying my backpack all day (it had my laptop and podcast mic, in case either became useful at the conference), along with a change of clothes, and from standing on my feet for hours. I grabbed an Uber back to the hotel, where I crashed and couldn’t get out of bed for nearly 12 hours. Fortunately, I was aware this was the night of ‘Spring Forward’ on our clocks, and I had a 4:30PM flight, so I requested a late checkout when I’d arrived Friday night.

After checking out around noon on Sunday, I explored the Cincinnati waterfront on foot. I walked past the Bengals and Reds stadiums, then grabbed a quick appetizer at the Yard House nearby. After that, I walked across the John Roebling Suspension Bridge across the Ohio River into Covington, Kentucky. I wandered around for a while, grabbed a late lunch at LaRosa’s Pizza (which I’d enjoyed as a kid at King’s Island), then grabbed another Lyft back to the CVG airport.

After some mild harassment from TSA, I made my way to the Club at CVG, where I eventually ran into 3 names previously mentioned: Cheryl Anne, Lucy and Travis. My flight was on time, but Cheryl Anne and Lucy had a several hour delay getting back to DC. In fact, I landed in Florida before they even began boarding their delayed flight.

I had another great time, but it came at the expense of some worry. Covid-19 was really beginning to spread throughout the US, and my flights were at least ¼-1/3 empty in both directions. I was super thankful that we were able to have such an awesome gathering of FI folks, where I finally met amazing friends like Brenda, Jackie, Rose, and others. But it is sad to look back and think that only 7.5 weeks ago, we were still able to meet and hang out with friends from around the country, and who knows when it will be safe to do that again.

Featured

Chase Shutdown

As you may know, I have been a big proponent of travel hacking for the past several years. I started in 2016, back when I was working a job with no paid time off (no vacation, no sick, no paid holidays), so my goal was to just get started slowly, earn a few bonuses, and start socking away points that would go towards some unplanned future travel. Sure, I would take a few flights back “home” to Indiana for the holidays and such, but I didn’t really have a plan for opening, closing, or redeeming my points.

Fairly quickly, I learned that Chase offered some of the best cards in the travel hacking world. Between the Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Freedom and Freedom Unlimited, and their co-branded cards with Southwest, United, Hyatt and IHG (Holiday Inn, Crown Plaza, Intercontinental), Chase cards were 6 of my first 8 cards I opened over 2.5 years. (Yes, I listed 8 different cards above – I never opened a United card and I also downgraded my Sapphire Preferred to Freedom when the first annual fee came due after 12 months).

Chase also has one of the more restrictive policies for opening cards. It’s called 5/24, which means 5 card openings in the past 24 months WITH ANY CARD ISSUER! Because I had opened a Delta Gold card by American Express, then later a JetBlue Plus card from Barclays, by the time I learned about my eligibility for business credit cards, I was well past 5/24 (somewhere around 13/24 at my highest point). So I slowed down considerably, and I waited 13 months until I dropped back down below 5 cards in the most recent 24 months, and I was finally able to get the Chase Ink (Business) Preferred card and then the Ink Unlimited a few months later.

I also started getting referrals from my friends in the blogosphere that know how much I am into the travel hacking world. In the last few months, I referred 4 other members of personal finance Twitter to different Chase cards, earning a referral bonus from Chase, and my friends got the top bonus offer on each of those cards from Chase.

And then, suddenly, I was trying to buy lunch on March 18th and my Sapphire Reserve card got declined. No worries, they probably suspected fraud and shut down the card. So I tried to swipe my Freedom card; also declined. I almost never carry cash on me, but I had $10 that day, and I was able to pay cash for my food.

I immediately dialed the number on the back of my Sapphire Reserve card and tried to figure out what was going on. The customer service rep was nice, but clueless as to what was going on. He asked to put me on hold for a minute, and after 10 minutes he came back to say he didn’t know the reason, but they would be sending me a letter on all 6 personal credit cards and both business credit cards. They had all been closed that day.

*insert sunken feeling*

Not only was I having my favorite credit cards closed without warning and without explanation, these were some of my oldest credit cards, most of my highest limit cards, and we were on the brink of a recession amid a global pandemic. Chase was freezing out a small business owner by eliminating all lines of credit. And to top it off, they weren’t going to tell me why.

The next day, I checked my online account to see PDF versions of the letter that would arrive over a week later. “This account and/or other associated accounts have been closed at the request of the bank. Account not used as intended.” Talk about vague! I never participated in the practice of “manufactured spending” because it feels too much like money laundering to me. Every dime spent on those 8 cards in the past 4 years was for legitimate personal or business expenses, and were paid back on time and in full each month. Furthermore, I had hardly used any of the valuable Chase Ultimate Rewards points, because I was saving them for future travel that I didn’t even have planned yet. At the 2.0c per point valuation provided by The Points Guy, I was sitting on over $8,800 of future travel in my Ultimate Rewards balance. Now, I was given 30 days to redeem the points, or lose them forever.

After the initial shock wore off, I scrounged up some of my credit cards that are issued by other institutions. I fell back into a rhythm of using my Schwab Card from American Express for 1.5c per dollar spent and my JetBlue Plus card from Barclays for grocery purchases for 2x points.

I went to the local Chase branch to try and talk with a Banker, but they were booked solid for the entire day I had taken off from work. Instead, I walked up to the Teller and requested a Cashier’s Check for the full amount of my balance, and for her to close the account. I told her about what happened to my cards, and she was as shocked as I felt 2 days before.

Later that afternoon, I called the number on the back of 5 of the Chase cards. The 5 I called about each have annual fees, and it seemed to me that if the bank had closed the accounts I had paid for, they owed me at least a partial refund of the fee since I wasn’t getting those card benefits anymore. A couple of the cards had fees paid more than 6 months ago, and they refused to honor my request for even a partial refund. But I was fortunate to receive a full refund on my $450 Sapphire Reserve, $149 on Southwest Priority, and $95 on World of Hyatt cards, for a total of $694 back in my pocket within a couple weeks. It took 1-2 business days for the credit to show up on my account, and then I had to call back and request a check for the balance.

This all happened in mid-March, and I only had 30 days to redeem my Ultimate Rewards balance. I started out by redeeming 1c per point for my remaining balances, because I decided that Chase was never going to get another penny of my money ever again. That took care of about 85,000 points. Then in mid-April, I transferred 34,000 points to Southwest Airlines to top up my Rapid Rewards account along with 50,000 points to World of Hyatt for some future hotel stays. This left me with 301,000 points to either transfer or cash out, and because of the current economic climate, I cashed them out to add $3,000 to my emergency fund.

In sum, it just sucks. I would caution anyone who is interested in travel hacking to not rely so much upon one card issuer for your future travel plans. There are so many programs available besides Chase Ultimate Rewards, including American Express Membership Rewards, Citi ThankYou Points, US Bank FlexPerks, and the various hotel and airline cards. Cashback cards can also be a valuable part of your strategy.

Featured

My DIY bathroom remodel

I bought my townhouse in April 2006 from a husband and wife duo; she was a Realtor and he was a contractor. They would buy properties together and flip them. This property was one they initially bought for their 19-year-old daughter to live on her own for the first time, but that only lasted a few months. Rather than taking their time to get all the upgrades right, they rushed through it and basically put “lipstick on a pig.” Perhaps the biggest offender was my master bathroom.

The master bathroom is actually two small rooms, one 5’ by 5’ that contains a walk-in shower and a toilet. The other small room is only about 43” wide and 5’ deep, but is sort of an offset from the bedroom, without a door, and leads into the shower room and my 5’ by 5’ walk-in-closet.

The shower had been hastily refurbished, with cheap 4” x 4” tiles and a frosted glass shower door on a chrome track. Somewhere along the line, water started seeping into the walls from cracks in the tile/grout, and mold started to form behind the walls. After a while, the drywall became flimsy and crumbled, leaving small holes at the base of the wall behind my toilet.

This was a project I’d wanted to do a year earlier, but job uncertainty at the beginning of 2018 delayed me out of budgetary concerns. This time, with the help of my early-retired dad (he left the factory 1 day before his 63rd birthday), we tore into the bathroom. My parents live in Indiana, and I live in Florida, so he has spent about a month each of the past 3 winters down here with me to escape the cold and snow, since he no longer MUST be there for his job.

Demolition began on his first full day here, the Saturday of MLK Day weekend. Since I work in government, this gave us 3 full days to get started by demolishing all of the old bathroom materials, planning what we would replace everything with, and buying some of the materials he would need to get some work done while I was at my day job on Tuesday-Friday that week. It took the full 3 days to demolish the bathroom, especially since this is an upstairs bathroom. We had to put everything in contractors trash bags and I personally hauled it all down the stairs and out the front door. We tore everything down to the studs and bare concrete floor.

After ripping the walls out, we cleaned out all the mold, double-bagged it, and cleaned the 2x4s behind the mess. Then we replaced the missing drywall with a waterproof cement board called GoBoard that came in 3’ x 5’ panels that felt like they were lighter than air. They were the perfect size for the shower room, since the shower was exactly 5’ wide and just under 3’ in depth, and they were small enough that dad could handle them by himself, versus a 4’ x 8’ drywall product that is just too bulky to try handle on his own.

My house was built in 1981, so the bathroom left a lot to be desired. The tile floor was basic 12” x 12” terracotta tile, there was no cubby hole for shampoo bottles or a shelf of any kind inside the shower, and the finishes all just seemed cheap and out-of-date. I decided I wanted to include a shampoo niche and some more stylish tile and fixtures.

Pic from later in the project, showing the shampoo niche installed

I selected the floor tile for inside the shower first. These gray penny tiles were an easy solution for trying to create the proper slope of the shower floor (the drain wasn’t centered within the space, so we couldn’t buy an off-the-shelf solution), and they gave me plenty of opportunity to mix & match with other tiles for the walls and floor outside the shower.

A nice, simple gray penny tile

Up next was the wall tile, which is a Carrera marble-looking porcelain tile, mostly white background with some gray streaks. It looks awesome, but the biggest problem with it was the tiles measured 16” x 32” which made it bulky to handle and difficult to cut. Looking back, I would have chosen something much smaller, or even a simple subway tile.

16″ x 32″ wall tile – heavy, but few cuts needed to cover the walls

The floors were kind of a combination of the two other tiles. The gray shower floor had some blue hues mixed in, so we went with a 12” x 24” ceramic tile with gradients of blue, gray and some light tan – it feels very beachy.

The walls outside of the shower also got the tile treatment, with the same 16” x 32” tiles that are inside the shower, but only to a height of about 30 inches up from the floor. On top of the wall tiles are some decorative tiles in a basket-weave pattern to give it a finished edge. Speaking of finished edges, the shampoo box and the outer edges of the shower got a brushed nickel trim piece to cover the exposed edges of the tile.

Tile is nearly finished

The final touches were to install the shower door kit from Delta. This was a very interesting kit, since you could pick out an option for the shower door track in Step 1, the glass doors in Step 2, and handles in Step 3. The hardest part of the install was getting those big, heavy doors up the stairs.

Shower door kit from Delta

We tore out the existing vanity and built it up by constructing a frame of 2x4s underneath it. I’m 6’5” tall, so this has been a nice upgrade for me, so I don’t have to bend over quite so much to use the sink. We also built it out from the wall a couple more inches to give me some more precious counter space. The countertop got the same treatment as the floors, so it’s the 12” x 24” tiles that are on the floor of the same room, which looks good against the existing white cabinet and white sink. A new faucet completed this small space (for now).

Vanity area

We had already installed a new light fixture and quiet fan in the shower room last fall, and a new toilet a couple years ago, so those were cost-saving measures. I initially reused my existing shower head, a cheapo that I bought in September 2018 after the water heater debacle caused a bunch of sludge and grime in the pipes to render the old one useless. Well, the cheapo didn’t do the trick, so a couple weeks after “finishing” the bathroom remodel, I went to Lowe’s and popped for another one, which is MUCH more to my liking. Now the bathroom truly feels like the spa retreat that I was hoping for!

A final look
Finishing touches

Total cost of all the tools and materials needed for this job, aside from the actual power tools my dad brought down from Indiana with him, came to $2,614.95. We saved several thousands of dollars by doing it ourselves, and my dad’s perfectionism only cost us a few extra bucks in materials (when something wasn’t cut quite right) and probably some delay in time (took 26 days from start to finish). There’s still a bit of touch-up to do, which he will knock out in no time flat once he gets here later this month for a week. Things like spackling nail holes in the new door trim (we removed the doors altogether and put up new jambs), and touching up paint where I scuffed it carrying the big heavy tiles (19.2 lbs a piece, and did I mention bulky?)

This was a very worthwhile project and I am so happy it is done. I’m also ecstatic about the several thousands of dollars I saved and the huge improvement to my mood by starting each day in a shower I enjoy. Special thanks to my dad for all of his hard work!

My dad and I at the Colts vs. Jags game in Jacksonville, FL December 2018
Featured

Drank the Emergency Fund

There is a widely-cited statistic that 40% of Americans cannot pay an unexpected $400 emergency.

Are you one of these people without an Emergency Fund capable of footing that bill?

Have you ever stopped to think that maybe you drank it?

So before everyone criticizes me for being crass, this is really just another take on examining your spending. I recently realized that almost 30% of my spending at restaurants is related to my choice of beverages; soda, tax and tip for a usual lunch, and possibly much higher if I order a beer or other alcoholic beverage at dinner or in a bar. On my previous blog, I wrote how I don’t buy lattes or other coffee-based beverages, but I still go to Starbucks when it is cold outside so I can get a hot chocolate or a caramel apple spice.

So let’s break this down. Not every restaurant sells soda for $1 like McDonald’s… some sit-down restaurants are $2.50-$3.00 easily. Then you add sales tax of 5-7% (maybe more, maybe less if you’re in a state without sales tax) and then tip your wait staff as well. That bubbly, sugary soft drink might tack on $4 to an individual restaurant bill.

Do you ever go out to bars? Beers are one of the cheaper options, but can still be around $4-$8 depending on the style, size, and type. And you probably don’t drink just one. Cocktails and shots can really rack up too, and so does your bar tab. Even everyone’s favorite frugal grandma Penny has admitted to buying $12 shots of Patron in her younger days:

To round out the list, we have wine. Glasses and bottles (or boxes, I won’t judge) can range from Two Buck Chuck to $20 very easily, and a whole lot more if you have fancy taste.

So why do we continue to spend good money on all these drink choices with minimal nutritional value and lots of empty calories?

What if we switched half of our liquid libations to nature’s perfect potion: H2O.

Wouldn’t our waistlines and wallets welcome that? How long would it take to stockpile sawbucks that could save us from small or sizeable squeezes?

I’m not begrudging anyone their beverage of choice, but am suggesting we could all be more mindful when deciding what to drink. And such a simple change might add up to a whole lot of change when it comes to saving for that starter emergency fund.

Featured

My site is gone

In an attempt to transfer my hosting from WordPress to BlueHost, I lost my whole site. At first, I was distraught – over two years of blogging and over 26,000 page views lost in an unfortunate accident. But as I’ve thought about it for the past 3 weeks, it is a blessing.

Much of what I’ve written about the past few years is no longer true for me:
Travel hacking, especially with such a devotion to Chase-issued cards, will never be the same.
FinCon, where I’ve been able to meet so many of my blogging heroes and best friends, will never be the same.
In the age of Covid-19 and the resulting insanity from people too ignorant or too selfish, our world will never be the same.

So in that lens, I will be combing through old drafts to see if anything can be salvaged. “Evergreen” posts will be revamped. The rest will be forgotten.

And I’m set up on this host for the next 2 years and 11 months, so I won’t be losing anything again for a while 😉

Save money at restaurants

This isn’t going to be telling you to order water to save $3, although I already covered that in Drank the Emergency Fund. These tips were ones I came up with in a pitch to a freelance writer friend about a year and a half ago, and I’m not sure they were ever published, so here’s a quick 5:

1. Use a restaurant.com gift card. You can buy them for 40% of their face value (aka $4 for $10 off) but they do have stipulations as to how much the total bill must be ($20 in this example). But be sure to still tip on the full face-value of the menu price. You can save money without stiffing the wait staff!

2. Sign up for the dining rewards programs with your favorite hotel or airline. You could earn points for nights or flights when you dine out. Most of them offer a bonus 1,000 miles for spending $25 in a participating restaurant and writing a review within your first 30 days in the program.

3. I haven’t used either of these in a while, but some spending at restaurants qualifies to earn points in apps like Drop or Dosh, and then you can redeem points for cash or gift cards.

4. The Bumped app allows you to earn fractional shares of stock from certain “loyalties” that you select – For example, I got $0.33 back in stock for a recent $33 fill up at Shell). Obviously Shell isn’t a place you consider a restaurant, but I earn 1% cash back in stock from Dunkin’ (could be Starbucks instead), McDonald’s (other options are Burger King, Chipotle, Domino’s, Jack in the Box, Taco Bell and Wendy’s).

Recent 1% rewards for purchasing gas from my selected gas station loyalty

5. Pay with a cash-back credit card or a travel card giving 2x, 3x or higher in travel points for your restaurant purchases.

A few of those sound like a lot of work and don’t add up to a whole lot, but I try to get as many free points as I can, since I’m spending the money anyway.

What favorite tips do you have for saving money at restaurants?

Pelagic birds and flying fish

On my Eastern Caribbean cruise vacation last week, I had the benefit of having a balcony cabin. Since the weather was a perfect 27°C/81°F nearly every day of the voyage, I spent a considerable amount of time on my balcony, especially on sea days. From my vantage point on the 10th deck, the water below me felt a mile away and very close at the same time (it was probably 80 feet down). I was far enough away to avoid most of the spray when we’d crash into large waves, but I got enough salt water in my hair, eyes and face to constantly remember that we were at sea.

Which is why it seemed weird to me when I would look over the balcony railing to see birds flying alongside the ship. There were no land masses to be seen (and yes, I walked to the other side of the ship to confirm there was nothing on my blind side, either). Where were these birds coming from, and what were they doing out that far over water?

You can see one over the whitewater and two in the upper portion of the frame over blue water

Turns out, these were pelagic birds. Pelagic birds are seabirds that spend most of their time (except when they are nesting) on the ocean away from land. Examples of pelagic birds include albatross, petrels, shearwaters, storm-petrels, skuas, jaegers, tropicbirds, and certain terns. I’m not a birder like my friend Purple, but I think I have identified the ones I saw most commonly as a Brown Noddy. Pelagic birds have an ability to dive into and under the surface of the water to catch their prey.

Of course, if these birds spend most of their life on the ocean, they must be out there looking for something – in this case, they were hunting flying fish.

image from Wikipedia entry for Flying Fish – but this is what I was seeing from 80 feet up

Let’s let that sink in for a second – these birds that can swim were hunting fish that can fly.

Both are a little out of their natural element, just doing what they have to do to survive. The birds would hover and strike when opportunity presented itself; they didn’t go chasing forever. Oftentimes, they would fail quickly, with the flying fish escaping underwater or flying off in a different direction than the bird was flying.

“Fail fast, fail forward” is something I have heard a lot the past few years, and it makes a lot of sense. We don’t need to pursue every opportunity; we need to wait for the right ones to come along so we can be in position to pounce.

Rest is absolutely key in between periods of hustle, but you also can’t give up trying. The bird would die, you would stagnate and your life would not improve.

Getting real with you

You may or may not know that I’ve been blogging intermittently for over 5.5 years. My first blog was super unsuccessful, not surprisingly, since the web address was soyouwanttobefinanciallyindependent.wordpress.com. I wrote under a nom de plume, a nickname from college, and I quickly got bored writing a few things here and there but not being completely honest with my reader(s). Not sure if I should even make that word plural. Haha!

Then in 2018, I started writing more and more about my own financial journey. Mostly the things that did not go well, so I could help others avoid my mistakes. Sometimes I’d share a useful travel tool or a credit card hacking success, but it was my own minor contributions to the personal finance world and I was proud to put my name on those posts, no matter how poorly written, at joshovermyer.com

But there is a big part of my story that I have not felt comfortable sharing for the past 5+ years that I am finally coming to terms with as I prepare to step away from my day job… I’ve been pursuing Financial Independence Retire Early since I heard about it in 2014. I never felt safe sharing the words in that sentence publicly since I knew it could jeopardize my employment situation.

My FIRE journey

For the past several years, I have saved about 58 cents of every dollar I have earned. I automate my 457 contributions, max out my Roth IRA early in the year (time in the market beats timing the market), and I save in taxable brokerages and High Yield Savings Accounts. I used to buy all sorts of tech gadgets, video games, DVDs (ok, I’m aging myself here), and I played golf every weekend at moderately expensive courses in Fort Myers and Naples Florida, but for the past several years, there’s not been much I want to buy that makes me happier than adding to my stockpile of stocks and index funds.

My initial plans were to stick with my current line of work, keep maxing out accounts and hit my FIRE number before I turned 43. But some things have happened to change that plan. First, I left my previous job and got a nice bump in pay, which of course sped up my pace. I also got excellent performance reviews and have achieved 4.5-5% raises after each of my annual evaluations. Third, stocks have been on a terrific run for most of this period, especially in 2020 after the Covid Crash and I’m sitting at a net worth that I didn’t expect to see for another 2 years.

But it wasn’t all rosy, because things just kept getting busier at work the past year or more. I often found myself exhausted by the end of the day and I’d crash into bed for a nap before I could even leave my bedroom/office at the end of the workday. I’ve been working in the building department of a local government, and we were issuing nearly twice as many new construction single family building permits today than we did 3 years ago when I started this job. And I have touchpoints on more than 50 permits each day, plus phone calls and emails from a couple dozen members of the public (residents, prospective purchasers of property, realtors, insurance agents, etc.) every day at irregular intervals. It’s often maddening trying to get anything accomplished because there will be 3-5 interruptions during a 15-20 minute period. Come to think of it, a few weeks ago, I had 7 phone calls in 17 minutes and I wanted to scream every time I hung up the phone.

man wearing brown suit jacket mocking on white telephone
Hint, don’t scream until you hang up the phone. Photo by Moose Photos on Pexels.com

So it is for these reasons that I switched up the plans. I have more money than I expected to have, and I have a worse working experience than I projected to have, so I will not be grinding out the next few years just so I can hit my FIRE number and call it quits. I’ve actually always thought I would probably find something that winds up paying me for my time, knowledge or experience in the future, so I’m OK with pulling the plug early. I am aware that this is not me calling it a career at age 38, but I’m not in a rush to find the next paying gig, either.

A decade of draining jobs

My past 10 years have included a period of unemployment in my tiny hometown in Indiana, but at the time I had a negative net worth. After that, I landed a job back down in Florida, but the negotiated salary wound up being 10% less than what had been offered when I initially applied. I moved from that toxic place to what I thought would be a much better position with the State of Florida, which had some perks like traveling around the state and spending 70+ nights per year in a hotel (sometimes on the beach), but I spent 3.5 years as a full-time temporary employee, with no benefits like a pension, vacation/sick time or holidays. I am ending this 10 year period having spent 3 years back in local government. From the beginning, I knew they were leaning a little too hard on my knowledge and expertise (I had just been an expert for the State, after all), but as other experienced people left, I kept losing the little bits of help I had previously had from admin staff to long-timers who’ve been in floodplain management longer than I’ve been out of high school.

person on a bridge near a lake
This looks like a good way to relax. Photo by S Migaj on Pexels.com

I plan to take the next year or so to fully decompress. Included in these plans will be leisure time with my parents and 3 living grandparents back in my hometown in Indiana. I also plan to road-trip around the country, since most of my traveling throughout my life has been back-and-forth from Indiana to Florida, Florida to Indiana, and a smattering of flights around the country the past couple years (thanks, travel hacking). I got my National Parks Pass, I picked up my CampFI Rock Mountain and EconoMe Conference tickets, and I have few other concrete plans for the next 12+ months. I want to play golf on weekdays with the old men at my hometown golf course. I want to walk all around my hometown and hike through the National Parks and Monuments that I’ve only seen on TV or in the movies. I want to visit with friends all around the country as I pass through their communities, stopping and chatting with them instead of just texting “hey, thought of you as I pass through _____ today.”

And I want to flip the switch in my head that has been accumulating/hoarding cash and investments the past 10 years and start to live off of my investments and savings. It’s not going to be any good to me if I drop dead at my desk from a heart attack or a stroke, and I’m still my frugal self so I won’t be tempted to spend it all. But I would like to find a balance after a while, so I can make a little bit of income to support my plans and goals, more along the lines of BaristaFI now that I’m past CoastFI. A little consulting work, an odd job here and there, or flipping items could provide enough spending cash to cover my low fixed costs of living, and then I can choose to spend more freely from my savings.

The unfair advantage of local government retirement plans

Speaking of savings, I do want to mention that I have been incredibly lucky in the past 6.5 years to have access to a 457 account. You might think of it as the local/state government version of the 401k, but many municipal workers like police and firefighters retire well before traditional retirement ages like 55 or 65, so the rules are a little different. Those funds can be accessed any time, penalty-free, AFTER separation from service. Since I already left the State of Florida, I can access those funds now, if I wanted, and I’m getting ready to leave this local government job, so those funds will be available to me, too. I don’t plan to blow up my retirement by raiding these funds early, but I have the option to do so, which is as good as money in the bank to me, if the need arises. I also have plenty of Roth IRA contributions and conversions that have “seasoned” the requisite 5 years, so those funds could be withdrawn tax and penalty free. Add in funds held in taxable brokerages and High Yield Savings Accounts, and I have access to enough money that I could make this a 10-12 year long break, if that’s what I really wanted to do.

I have a feeling that something will pop up long before then, which is likely because I’ve already had 4 job opportunities crop up in the past 3 weeks, even though I am definitely not looking to take on something new at this time. I want to take this break to really focus on what matters in life, and what sorts of BS I can avoid now that I no longer “HAVE TO” have a job.

What would you do if you had a year off from work? Any sights that are a must-see or places I should visit? Let me know in the comments if you want me to stop by when I am in your area!