TicTocLife - A Story of Financial Independence
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Risk & Money

By Chris

It's Giving Tuesday and we've been writing recently about risks we've taken to reach financial independence.
  1. The power of risk to sculpt your ideal life
  2. The benefits of switching to part-time work
  3. How FU money lets you negotiate from a position of strength
Those risks are what have enabled us to give with gratitude and be at peace with the life we lead.

We also executed our monthly giving grant after totaling your votes in our reader's choice FIRE fund. Are you able to give today to what matters to you?

What if you DIDN'T take a risk?

POST The Scary Cost of NOT Taking Risk in Life

In this post, I explore what life could be if you did NOT take the risks that formed you as the person you are today.

We explore:
  • How risk-taking is a necessary and unavoidable part of life
  • Good risk and bad risk
  • Why you should take risks in life
  • The cost of playing it safe
All with the backdrop of a little Jean-Luc Picard.
Picard's view on taking risk and how it offers potential for you to be better.
Your potential: to make yourself more than you are.
Taking risks is part of being human. The trick is in understanding and overcoming the fear that creates risk in your life so that you can become a better person.

The Scary Cost of NOT Taking Risk in Life

Voluntarily going part-time

POST How the Benefits of Working Part-Time Are Life-Changing

Jenni made the switch to part-time work back in May. Six months later, she's written about the benefits she's found in working part-time.

For her, it's been a life-changing experience.

She's attained:
  • Fewer hours with a flexible schedule
  • Narrowed work-related duties
  • More time for her needs and wants
  • Less stress and a happier self
But more than just her own experience, she explained the benefits of part-time work for those of you still on the fence and at the edge of FIRE.

Here are some of the benefits that you could potentially find by going part-time:
  1. As a part-time employee, you will be assigned fewer hours to do your specific job
  2. You may get to redefine your role as a part-time employee
  3. Discover your work has more meaning
  4. Daily management problems no longer fall into your realm of duties
  5. Strict working hours will create more concrete boundaries between your work-life and home-life
  6. Once you clock out, you can leave work at work
  7. Gain more time away from work
  8. So much time in your life that you may not know what to do with it
  9. A flexible schedule will let you fit your work into your life schedule
  10. Time will be become yours to do with what you want
  11. There is more time to share with those who matter to you
  12. Your to-do-list will actually become longer
  13. Part-time work can be less stressful
  14. A health benefit of part-time work is getting more sleep
  15. More time to dedicate to exercise
  16. More time to prepare healthier meals at home instead of eating out
  17. You may become more aware of your financial independence
Jenni runs through and expands upon every one of these points.
Part-time work offers the opportunity to do what you want with your day.
If you know someone that's thinking about dialing things back and going part-time, it's a great article to share with them.

How the Benefits of Working Part-Time Are Life-Changing

This is what FU money can do

POST This Is the Power of FU Money (and How I Was Escorted Out)

Back in 2010 at the ripe old age of 25, I used my F-you money for the first time in a professional setting.

It got me escorted out of the building.

But it was worth it!

I wrote a post about the dynamic between financial independence—the financial tool that lets you create a long term plan for life outside of work—and FU money—an instrument that levels the playing field in your day-to-day experiences of differing power dynamics.
How much is FU money? A graph that explains it.
The amount of money you need to qualify as "FU money" will differ for every person since having it is a subjective experience that removes the fear of financial risk in your decisions.
And of course, I told that story of how I said "no" at 25 and it changed my life.

This Is the Power of FU Money (and How I Was Escorted Out)


Many worthy charitable organizations are matching donations (via other generous donors) around the world today for GivingTuesday.

How can you make an impact?

Our charitable focus for the month of November was on world hunger relief. Our giving poll ended this morning.

The winning organization is:

Heifer International!

As part of GivingTuesday, another donor is matching with a 3-to-1 impact today for Heifer International. We put our donation through this morning from our Reader's Charitable FIRE Fund.
GivingTuesday Heifer International, TicTocLife Reader's Charitable Fund
Once we write our monthly FIRE budget review for November, we'll have a new charitable poll posted for December. That should be before the end of the week.

Personal Finance Favorites on the Web

Below are the articles we've read since the last newsletter that really struck a chord with either of us. Give them a read, check out the authors, expand your information sources with these quality creators.

  1. Is Early Retirement Selfish?
    1500 Days to Freedom
    FIRE proponents tend to account for and save every possible penny. Does that mean they're also stingy when it comes to giving, appreciation, and gratitude?
  2. Money Can’t Buy Happiness? It Can Buy Important Ingredients.
    Educator FI
    "Money can’t buy happiness? Maybe not, but lack of money makes happiness harder in our society. Most importantly, money can buy choice, and that matters. A lot. Let’s take a deeper look at this."
  3. Seeing Things Through A Different Lens
    Accidental FIRE
    One problem many early retirees face is feelings of inadequacy; of not having value in what they do after they're done with work. You might also underappreciate the positive effects you contribute back to society as Dave learned when looking at his contributions through a different lens.
  4. The True Cost of Car Ownership
    The Best Interest
    This is a deep dive on total car ownership costs, but it covers adjacent concerns. Should you repair an older used car or invest in a new one (along with statistics to back up the decision)? When does leasing make sense? And much more—it's a great overview of vehicle ownership.
  5. Why the FIRE Space is Full of Introverts
    Millennial Revolution
    Dopamine, money, and fun pseudoscience self-reflection. But also 4 strong points about why introverts manage the FIRE life quite well! INTJ checking in here!
  6. The Bumpy Ride Isn’t Over
    Mr. Tako Escapes
    With vaccines around the corner with potential >90% efficacy, are we near the end? Maybe, maybe not—but the stock market sure has a lot more wild rides in store for us.
  7. Everyone is using the 4% rule wrong
    Financial Success MD
    If you miss this key planning point when developing your FIRE number, you might burn through your retirement fund long before you're perpetually horizontal. It's not as simple as "25x expenses". Don't miss it!
  8. Bustin’ a Few Myths About the FIRE Movement
    Budgets Are Sexy
    6 myths about the FIRE movement reveal key points to focus on if you're thinking about sharing FIRE principles with friends and family. Are you ready for that holiday dinner conversation?
Happy GivingTuesday!

Thank you for giving us the most valuable thing in your life:

Your time.

Chris & Jenni

    See an article from our favorites a friend might like? Forward this newsletter onto them!

    Our Latest Posts

    Incase you missed one, here's our latest posts since our last newsletter:

    A Timely Letter to My Teenage Self (The True Cost of College)

    A message from the future warning me of the true cost of college may have changed the course of my financial life.

    By Jenni
    Discovering the true cost of college left me frustrated.

    The Architect Who Made Nothing

    A story about the architect who toiled and yet made nothing.
    Not every dollar is earned equally. Are you spending your least valuable dollars in such a way as to waste your most valuable resource, your time?

    By Chris

    How the 4 Expressions of Power Affect Your Wealth and Well-Being

    The 4 expressions of power can be the keys to building wealth and well-being in your life, or they can corrupt you through coercion and a lack of forgiveness.

    By Chris
    The Four Expressions of Power: Rulers exhibit the one you're most familiar with—power over.
    If you found an article we wrote that a friend might like, forward this newsletter to them!
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    Thanks again for subscribing to our infrequent newsletter. We both hope you're enjoying TicTocLife as much as we are. If you have feedback about this newsletter, you can reply directly or use our Contact form.

    Warm regards,
    Jenni & Chris