Tag: self employed

March 2020 Financial Update

Published on by RV-on-FIRE.com2 Comments

Deep breath………………Ok here we go.

Let’s just get the obvious out of the way. March was a disaster for the markets, the country and the world. People are losing their jobs, their savings, their friends and their family members. It has been a pretty dire situation for the last month as we all try to cope with this reality. Bottom line, it sucks!

One thing I love about our country is that we tend to pull together during big events and do what’s best for the greater good. I think MMM hit the nail on the head with his write up about the situation. You can read it here. For the most part people are doing what needs to be done to get us past this horrific moment in history and back on track as a society. This is encouraging to see and we will be successful. Continue reading “March 2020 Financial Update” →

Mid-Month Update

Published on by RV-on-FIRE.com1 Comment

I’ve started and stopped blog posts a few times this month. Mostly because these are unusual times and what more can I lend to the conversation that hasn’t already been said.

Looking back at our February update I have to say that I severely underestimated the impact and fallout from the Coronavirus. Past viruses came and went with little to no economic impact. The Coronavirus has spread rapidly and forced society as we know it to come to a screeching halt. This in turn is leading to a global economic shutdown and the financial markets reacting wildly due to the unlimited uncertainty. Continue reading “Mid-Month Update” →

February 2020 Financial Update

Published on by RV-on-FIRE.com2 Comments

Oh where to begin on this one? In our January update we talked about the end of the month impact on the financial markets from the Coronavirus. At that time we had some panic selling that turned the markets negative for the month and wiped out some nice gains. I was tempted to buy into the market, but ultimately decided to hold off which turned out to be a good decision.

Then came February and the panic took full hold with massive irrational moves to the downside. For me, it was time to move once we passed the 10% correction threshold. I half jokingly tweeted on Friday the 28th as the market closed that I thought we were near the bottom. Continue reading “February 2020 Financial Update” →

Full-Time RV Finances

Published on by RV-on-FIRE.com2 Comments

In our last blog I discussed that we are moving forward with going full time in our RV later this year. As you will recall we didn’t expect to have to make plans so far in advance, but it became quickly apparent after a visit to one of the resorts that we were actually almost too late. Since then we put down deposits for November and December to reserve a space.

While this is a current unexpected expense, it is refundable if we don’t meet our timeframe goal and need to cancel. It also gives us some much needed flexibility by booking two months instead of one. Additionally if we do meet our November 1st goal, the deposits go toward the space and the out of pocket cost will be lower at that time. So there really is no risk of losing any money by making this move and it gives us peace of mind. Continue reading “Full-Time RV Finances” →

Reality Bites

Published on by RV-on-FIRE.com3 Comments

As we inch closer to March it has quickly become clear that we need to start making some plans and decisions.

We were at our favorite campground recently and stopped by the office to inquire about their extended stay rates for when we decide to go full time in our RV. They gave us the rate, which is just below our budgeted amount 👍🏻, and then the young lady said we had better book it soon as October is already getting full. Wait, what? October is getting full already? Are you kidding me?

This comment thrusted us into a situation of needing to better understand how this whole process works as we were not planning on making a decision until after the College Road Trip 2020 in August/September. It turns out now there is no way we can wait that long if we hope to have a place to live after our house sells. What we thought would be a smooth glide until the second half of the year is now turning out to be a sprint to a goal date. Continue reading “Reality Bites” →

January 2020 Financial Update

Published on by RV-on-FIRE.com3 Comments

As goes January so goes the year. Well, that’s the old Wall St. adage at least. If that holds true we are in for a down year I guess. But wait, wasn’t January was flying high until the dreaded Coronavirus started spreading across the globe. So are we now saying a week of panic selling is now indicative of the entire month and in turn the entirety of 2020? You see how ridiculous old adages and knee jerk panic selling and buying can be. Continue reading “January 2020 Financial Update” →

Healthy Life, Happy FI

Published on by RV-on-FIRE.com9 Comments

It’s been a couple of weeks since I posted our last blog. I didn’t know if it was writer block, burnout or just sheer laziness. But I didn’t feel like writing or doing much of anything for that matter.

It’s interesting because just when things are going well and excitement for our future plans should be building, I seemed to have hit a funk. Business has been great, the markets have been great and we have a couple of small weekend trips booked. We also started mapping out our college road trip and even have a preliminary itinerary for getting to the university on time. Planning these trips is one of my favorite things to do, but I’m finding it hard to enjoy it this time. What the heck is going on? Continue reading “Healthy Life, Happy FI” →