Yearly financial, mental, and other checkup: A path to FIRE (financial independence retire early)
Benjamin Franklin: “Beware of little expenses; a small leak will sink a great ship.” During my wife and myself’s journey of FIRE (financial independence retire early), one of the most important things we did together was to sit down at the end of the year to see how we did the previous year. Did we manage to put away decent amount of money towards our retirement? Did we manage to make extra payments towards our mortgage? What about credit card bills and debt? Sometimes it’s easy to lose sight of what you’re doing when you’re living through hectic day/week/month. I mean who has time to sit down and to think these days in our crazy, internet fueled world we’re all living in? Well, the short answer is, you must sit down, to think, to reassess, and to reaffirm your plans once in awhile. There is no better time to do that than at the end of the year (or the beginning of the year). End of the year is a great time for several reasons: You can clearly see the amount of contributions