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Our Journey

Dad Spent Too Much Time With Me

May 25, 2017 By Kevin

Paying for your child’s college seems generous, but if you had to spend large portions of his childhood working overtime to pay for it, the costs on his emotional health may not be worth it.

“When I was a kid, my dad spent too much time with me.  I wish he would have worked more so that I could have had fancier vacations, and spent more time at daycare.”  If I had a penny for every time I heard a phrase like this I would be… penniless.  One of the biggest motivations for me to quit my job was the fact that I had never heard anyone say this or anything remotely similar to this.  On the other hand, I have witnessed the opposite sentiment many times over.  That is, people who grow up resentful that their father seemed to prioritize his career over his family.  

I have also spoken with fathers who wished they had spent more time with their kids and less time with their job.  They realized, too late, that their kids were happiest, not with the biggest house or the fanciest vacations, but when spending time with people who cared for them.  Apparently, not spending enough time with kids is a common regret among parents, with this study finding that spending too much time at work while their children were young was the number one regret of parents.

So, why are we, as parents, so focused on work instead of our families?  Do we prefer filling out long reports to playing at the park?  I don’t think so.  In fact, I think we have the best intentions for our kids, and generally make what we consider to be the best choice available.  The problem is that that choice, to focus on financial security and consumption, is often detrimental to our kids.

There are many reasons we tend to focus more on providing our families with greater financial resources instead of our physical and emotional presence.

[Read more…] about Dad Spent Too Much Time With Me

Filed Under: Incentives, Our Journey

We Are Terrible at Evaluating Risk-Financial and Otherwise

April 4, 2017 By Kevin

Risk, and our miscalculation of it, is a topic that has interested me for many years.  This is the first of a few articles that I will write on the topic.
Risk mitigation? What fun is that?

You are taking bigger risks in life than I.

I have received feedback from people worrying about how much risk I have taken on by quitting my job while having a family to care for.  These people mean well, but their worries are completely misplaced.  Not only is my lifestyle relatively safe, but I actually argue that you, Mr. Average American, are leading a far riskier life than I.

In many cases, what we perceive as risky and what is actually risky are completely different.  For example, flying in an airplane feels much riskier than driving in a car.  Many people who are afraid to fly don’t hesitate to drive or walk in a crowded city.  The statistics are quite clear, however.  Driving and even walking are significantly more dangerous modes of transportation.  

A few years ago, I met a woman who told me of her upcoming mission trip to El Salvador.  She explained that the group had planned on a trip to central Mexico, but with Mexico becoming so dangerous, the organization agreed to go to El Salvador instead.  Amazed, I asked if they knew what the murder rate of El Salvador was.  She had no idea, but with their trip just days away, I didn’t have the heart to tell her that it was four times as high as Mexico’s.  

So, why do we do such a poor job of evaluating risk?  I think there are three main elements that hurt our ability to properly evaluate risk. [Read more…] about We Are Terrible at Evaluating Risk-Financial and Otherwise

Filed Under: Our Journey, Saving and Investing

How My Family Wins Free Vacations Every Year

January 21, 2017 By Kevin

 

In my young and single days, luxurious vacations meant hitchhiking, train hopping, couchsurfing, sleeping in ditches or working as a Mexican farm laborer in exchange for beans and rice.  Surprisingly, my wife and son have a different, more commonly held definition of luxury.  Luckily, there is a way for us to continue traveling in true luxury but on the same hobo budget.

The actual flier I made for my wife to get her pumped up for our last free vacation.

[Read more…] about How My Family Wins Free Vacations Every Year

Filed Under: Our Journey, Saving and Investing

Why I Think Investing in Depreciating Assets is a Great Idea

November 2, 2016 By Kevin

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When I tell people that I have been unusually busy lately because I bought a mobile home, the most common response is, “Don’t you know that mobile homes depreciate?”  Well, yes.  Everybody knows that.  That is exactly why I started looking that direction for financial opportunities.  What? You are thinking.  Why on earth would I decide to spend my time, energy, and money on what everyone knows are depreciating assets?

In general, when everybody says that something is a bad idea or a bad investment, I think extra hard about doing it, or investing in it.  Because if everyone collectively writes something off as a bad idea, even without researching it, there is probably an opportunity to be had there, and the competition will likely be thin.  

One of those opportunities is mobile homes. [Read more…] about Why I Think Investing in Depreciating Assets is a Great Idea

Filed Under: Our Journey, Saving and Investing

Why Now and How

August 8, 2016 By Kevin

Why would we quit our jobs, especially right now as we are just beginning our family?
Sam on Dad
Hold on for the ride!

For my wife, the plan was always to stay at home while little ones were around.  For me, it is a little more complicated.  Independence and autonomy have always been important to me, and in some ways, it is surprising I lasted as a teacher in a mainstream school for so long.  I was attracted to the idea that a teacher could be creative in what he teaches.  As the years passed, it became apparent that creativity and freedom are not well tolerated in a system where conformity and standardization are enforced.

I always thought my traditional teaching career would be shorter than a full length “typical” teaching career.  It’s not that I didn’t enjoy teaching – I did.  I just knew that I wanted some more freedom at some point in the future.  I have also seen many teachers, exhausted and burnt out after years of teaching, yet feeling trapped in their jobs, dependent on a pension that required them to stay in education for a full career.  I have always said I would leave before I became a burnout, I just didn’t know how soon that would be.   [Read more…] about Why Now and How

Filed Under: Our Journey

I Quit and I’m Free!

August 1, 2016 By Kevin

14 thousand feet above wage slavery
14,000 feet above wage slavery

I Quit!  I didn’t retire early.  I don’t have another job lined up nor do I plan on looking for one.  I am not sure where all my future income is going to come from, but I do know that I have escaped wage slavery!  Now for the adventure of maintaining a relatively high standard of living without a boss and without a full time job. [Read more…] about I Quit and I’m Free!

Filed Under: Our Journey

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  • The Structure of Teacher Compensation Creates Bitter Teachers and Bored Kids
  • Hitchhiking and Train Hopping Denver to Seattle
  • Dad Spent Too Much Time With Me
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