Giving thanks

Image by Avi Chomotovski from Pixabay

We don’t celebrate a Thanksgiving holiday in Australia.

As I understand it, the tradition in the US started as a celebration of a good harvest in 1621 by British colonists in Plymouth. It has evolved into a national holiday of spending time with family, eating turkey, watching football and the crazy shopping on Black Friday, the day after Thanksgiving.

I like the idea though that there is a time specifically set aside for giving thanks. A time for reflecting on what we are thankful for in the past year. A time set aside to express our gratitude.

It is now December as I write this. The craziness and chaos that is the lead up to Christmas has already begun. Black Friday madness is also prevalent in Australia and businesses are exhorting us to buy, buy, buy. Every night on the news, there is some data to suggest we are heading into a recession and that we must do our bit to help the economy by buying more stuff.

On a personal level, my December will be very full – a time to prepare for celebrations,  reconnect with friends and family and work ramping up a higher gear.

I want to take some time this weekend to reflect and give thanks for the many blessings in my life, nearly half a century of living.

A roof over my head

Growing up, we lived in houses owned by the oil company my parents worked for and it was always my mother’s dream to live in her own house. That dream was realised when we moved to Australia.

I inherited my mother’s longing for a place to call my own. And consequently bought my own humble abode a decade after starting work. Having paid off my mortgage, I am happy that I can truly call it my home. I am secure, in that no one can kick me out and I will always have a roof over my head.

I know not everyone is as fortunate as I am. In recent years, homelessness has been growing in Melbourne. According to Homelessness Australia which bases its statistics on data collected on Census night, Melbourne’s homeless increased by 11% in 2016 vs 2011. 

I feel for the women and children the most. Some have escaped domestic violence or fallen on hard times with unemployment or mental illness. This year, a colleague reminded me of an initiative from Share The Dignity, a charity dedicated to helping women in crisis. Until Dec 7, they are taking handbags filled with basic essential items such as sanitary pads/tampons, shampoo, soap, deodorant in their #itsinthebag campaign. Local Bunnings stores are drop off points. 

I am grateful that this year I have the mental space to participate. You are right in thinking it doesn’t take much to rummage through your wardrobe and donate a few handbags. But I was so stressed out and exhausted at this time last year that the mere thought of looking for handbags in my cluttered wardrobe was enough to send me over the edge.

I know donating a few handbags is not much but it’s a start. 

Enough food

I am thankful that I always have more than enough food to eat and to share with friends and family. In fact, my goal is to reduce food waste and eat my pantry. My health scare with elevated liver enzymes and cholesterol was a sharp reminder to eat healthier foods and cut down on non nutritional snacks.

Australia is a wealthy country. And yet, according to Foodbank Hunger Report 5 million Australians have experienced food insecurity in the past year. That is, 21% of Australians have run out of food and financially unable to buy more. 27% of women are affected vs 18% of men. 22% of food insecure Australians are children.

There are many ways to support Foodbank, Australia’s largest food relief organisation that provide food relief to 815 000 people per month. Support includes holding a food drive, donating money or food, volunteering and so on. This year I am donating money but will look at organising a food drive at my workplace in the future. 

Education

 

My Dad once said to me ‘You are lucky that I can afford to educate both my children. Otherwise, as a girl you would have missed out.” 

Indeed, I am thankful that my parents placed a high importance on education. I am very grateful they could afford to send me overseas to another country to study and gain a tertiary education. But I am more thankful that it has generated a life long appreciation of learning – be that as new skills, or increased knowledge.

I love supporting Kiva, an organisation that crowd funds loans to lend to people all over the world who don’t have access to bank loans. I can directly choose who to lend money to and choose causes close to my heart. And I can start with as little as US$25.

It is quite overwhelming when you first start scrolling through the various applicants. It helps when you apply filters and choose from various categories such as women, education, agriculture, arts etc,  I use Kiva mainly to support women and education in third world countries.

 

My job

I am immensely thankful that I have had continuous employment for more than 25 years. Yes, some of that caused a lot of stress in my life – sometimes I worked too hard. But it is a source of continuous income and I am very grateful. 

It means that I have had continuous employer contribution to my superannuation (retirement account) for more than 25 years. Together  with my own extra contribution on and off through the years, my retirement nest egg is growing.  

I am grateful that I was able to transition to a lower stress role earlier this year. And I am grateful for the FI way of life because it has helped me cope with the reduced income.

I grew up attending masses in the Catholic Church so St Vincent de Paul Society is no stranger. They support everyone in need and speak up about social injustice, in particular for the unemployed and under employed. Whenever I declutter, my unwanted things are donated to my local Vinnies shop.

Community - family, friends and online FI world

I grew up in a stable and loving family. Some of my friends that I am regularly in contact with have known me for most of my life. And now I am part of the online FIRE community, through Twitter and this blog. 

I am thankful for all the human connections in my life. As I age, I value them more and more. I witness social isolation in my work – especially among the elderly, when spouses may have died and children are busy with their own lives. Sometimes, we are their only human interactions.

I remind myself to be patient and listen to their stories (and complaints). They may be lonely and just need someone to talk to. Our local council has a program – Seniors Coffee Connect – where they meet once a week at a cafe for a number of weeks. They have a chance to connect with each other and form new relationships.

Working hard and interacting with the public and my colleagues often sap my energy. As an introvert, it takes time for me to recharge my batteries. And as a consequence, I am not very good at inviting friends and family over on a casual basis on the weekends. Gatherings at my house is limited to bigger occasions or celebrations. I was better in 2019 but hope to improve further in 2020.

I am thankful for my online community who supports and encourages me on my FI journey. Through many examples, I am learning how to live an intentional life and to discover what it is that I value in life. Besides learning how to save and invest, how to be frugal, how to track my expenses, calculate my net worth etc – which is also important.   

I want to support others on this journey, especially those of us who start later in life – in our 40s, 50s and 60s. If you would like to share your story in my new series, Late starter to FI, please leave a comment below and I will be in touch.

Final thoughts

My journey to FI would look very different if my foundation were different. Your journey will likely look different to mine.

But thanks to having a roof over my head, enough food to eat, an education, a decent paying job and a supportive community around me, my path to FI is assured. With all these building blocks in place, I know I will get there eventually.

What are you thankful for?

Celebrating a milestone – Latestarterfire is 14 months old

I am crap at celebrating personal milestones.

Birthdays, anniversaries, (blogoversary?) – I am happy to let them slide by, without fanfare. 

Most of the time my friends are the ones who insist on celebrating my birthday. I am more than happy to celebrate others’ milestones, just not my own.

I don’t like being in the lime light and certainly do not want to be the centre of anyone’s attention.

Lately, there have been a rash of celebrations in the personal finance community. Lots of blogs I follow have turned one, two or more and quite a few bloggers celebrated birthdays.

I am conflicted as to whether I too should celebrate these milestones publicly. Aren’t people tired of reading another blog post about a blog turning one? Would non bloggers be interested? Is it self indulgent?

Upon reflection, I decide that I should at least acknowledge that  my blog is past the one year mark – yes we are now 14 months old! 

 

Image by Free-Photos from Pixabay

Why did I start a blog?

Here’s the truth … I did not read any blogs before May 2018. Sure, I have looked up the odd recipe online and been directed to someone’s blog.  

In May last year, I discovered FIRE while researching traditional retirement strategies and literally stumbled on the infamous blog post,  The Shockingly Simple Math Behind Early Retirement by Mr Money Mustache.

I rapidly went down the rabbit hole – from link to link – from blog to blog. When I found an article I liked, I would read previous posts as well. I suppose, much like when I discover a book author I like, I end up reading as much of their work as possible.

But a lot of these folks I read were young, some very young. Their life circumstances did not reflect my own. I am female, in my late forties, single and childless. I have a paid up home, no other debts but oh so anxious about not being able to retire well because I am starting so late.

So, my first ‘why’ of blogging is to add an ‘older’ voice into the mix. I figured if I struggled to find older voices, maybe others did too. Perhaps this is where I can add some value.

My second ‘why’ is that I want to encourage and support other late starters – others who start on the FIRE journey in our 40s and beyond. I have no idea if I can make it to retire earlyish; I certainly haven’t made it yet. We can all trundle along and learn from each other.

My hope was (and still is) that as I write about my struggles and wins along the way, maybe that will encourage one person in their 40s or beyond to take the plunge and take control of their finances. And to know it is never too late to start taking control. 

Now my third ‘why’ is more selfish – I want you to keep me accountable. I know myself pretty well. And was afraid I may quit my FI journey when the going gets tough.

know that the path to FI can be a long hard slog, particularly in the middle when the excitement wears off. When I think the hard decisions have been made, but really even in maintenance mode, I still need to make conscious decisions to spend less or be more mindful about my expenses.

First stage of blogging - Honeymoon

Remember when I said earlier that I didn’t read or follow blogs until May 2018? Three months later, I was writing my own blog. 

Did I know what I was doing?? Absolutely not!

But my ‘whys’ were important enough for me to try. So try I did.

I was so nervous as I clicked “Publish” – and just like that, the blog was born! Days after I turned 47 years old. 

The feeling of elation and achievement! I am technically challenged at the best of times ie not tech savvy at all. So the fact that I set up a website by myself and published a post was an incredible achievement. Especially when I have never ever done anything remotely similar.

I look back fondly on this period – it is bliss not knowing what I don’t know. I was just happy that I pressed Publish once a week. 

 

Second stage of blogging - Overwhelm

The honeymoon period lasted about 3 months. 

It was now November. Christmas was fast approaching. Traditionally it is the busiest period at work. And I knew I had family visiting from overseas soon. Plus all the craziness of preparing for Christmas – the baking, shopping etc.

My blogging is inextricably linked to my FI journey. 

At this time, I had just returned from a holiday in Uluru and was absolutely dreading tracking my expenses. Because I knew it was expensive. I was wrestling with wanting to be frugal and wanting to experience all that Uluru offered. 

Self doubt and impostor syndrome set in. How can I blog about being on the FIRE journey if I can’t even bring myself to record my expenses? After all, I’d written a post earlier, extolling the benefits of tracking my expenses.  

The pressure was just mounting up. I was really time poor and mental exhaustion set in. 

I was not coping with posting once a week on the blog. It takes me ages to write one post – I am not a natural writer. So I reduced it to posting once a fortnight. Kudos to those who can write 3 posts a week!!

Among all this turmoil, it dawns on me that blogging is not as easy as some big bloggers make it out to be. No one was reading my posts. I had no idea how to promote them, let alone find readers or my ‘tribe’.

I was happy (in the honeymoon phase) to just be able to publish.

But now the expectation is that somebody should be reading my posts. Where are all of you?

Enter doyouevenblog – Pete is a lifesaver! I enrolled in his courses and he suggested I join Twitter as that is where the personal finance community lives. He was not wrong! The thriving community there welcomed me. And suddenly I felt I wasn’t so alone on the blogging and FIRE journey.

Third stage of blogging - There is so much I don't know how to do but apparently I must do

As I engage on Twitter, I discover lots and lots of people to follow (and some even follow back!). There is so much awesome content every day from new bloggers and some that I never knew existed. Down the rabbit hole I go again. I can barely keep up. I am not on social media in my personal life so all this is very new to me.

This stage is overwhelming too. I learn there is so much I should be doing – SEO, Pinterest, Facebook groups, attending conferences, guest posting, email lists and so on and so on. So I dabble in some, encounter roadblocks in others and just plain give up on others.

I read of bloggers who do their tasks in batches, who can write a post in two hours and who seem so effortless in reaching out and engaging with their community. 

Me? Not so much. My biggest task is still to produce weekly posts. And attempt to write faster. Besides all the technical stuff I must learn ….

 

Photo by Ryan Wallace on Unsplash

Glimpses of light at the end of the tunnel

This is where I am at now.

I accept that every blogger is different and that just like being on the FIRE journey, we all start from a different place and have different resources, talents and skillsets. Everyone’s milestones occur at different stages of their journey.

What keeps me going is that every now and then, I glimpse a light far away. I am rejuvenated when I receive an email from a reader thanking me for ‘putting myself out there’; another telling me that they resonate with my posts. These emails mean a lot to me – thank you for taking the time to give me feedback, support and encouragement.

And a big thank you to all the curation sites and other blogs that have featured my posts. It is such a thrill when I open an email and see my article featured that day. I appreciate all your support.

Be kind to yourself this Christmas seasonRockstar Finance

Why 40s is the PERFECT time to pursue FIRECamp F.I.R.E. Finance

How I reduce my electricity bill – by installing solar panelsRockstar Finance and Tread Lightly Retire Early

Is being a self confessed foodie compatible with achieving FIRE?Tread Lightly Retire Early

The frugal gene bypassed me – my struggle with frugalityWomen Who Money

 

You can’t enjoy your money if you are deadPersonal Finance Blogs

Working 9.30 to 6 is blissCollecting Wisdom

 

I also wrote a guest post for The $76k Project’s Finance After 40s series – FIREstarting after 40 – Latestarter – thank you for sharing my story. 

And I must thank Michelle from Frugality and Freedom for asking me to be a guest curator for her weekly newsletter, Australian FI Weekly, which showcases 4 Aussie posts and 4 International articles. 

 

What did I learn from blogging?

Blogging is therapeutic. I would never have guessed that this is a benefit of blogging. Or that I would enjoy the process of writing. It is easier to find clarity as I write, mulling over concepts or ideas or problems. 

You can argue that perhaps I should write a journal instead. I do. Sporadically. Not very consistent.

Blogging teaches me discipline. And consistency. And accountability. I have to ‘show up’ and ‘do the work’. Real life does get in the way 🙂 I apologise if I haven’t kept to a posting schedule consistently.

 

Blogging can be lonely. You can feel like you are just typing away and releasing your work into silence. Once again, I am especially grateful to those readers who have commented on posts or emailed me directly; or connected through Twitter and Facebook. Being part of a community is what sustains me. And encourages me to keep going. Thank you for your support.

This brings me to resilience – ‘the capacity to recover quickly from difficulties; toughness’. Blogging teaches me to be resilient – that there are ups and downs but nothing that you cannot recover from. Tasks that seem insurmountable can be broken down into smaller steps and tackled. 

Blogging’s steep learning curve satisfies my need to learn new things – teaches me that I can figure things out, that I can still learn new skills. Skills I didn’t realise existed. Or that I needed, haha!

Final thoughts

I am not one to set goals. 

I knew my ‘whys’ when I began writing this blog.

But I did not set specific goals of achieving anything in a certain timeframe. I had no idea what was achievable, what metrics to measure and did not want to set myself up to fail. 

Because quite frankly, I have always been afraid to fail.

And finally, blogging teaches me to face this fear – each time I press ‘Publish’, releasing my work into the silence.

 

A heartfelt thank you to all who have supported me in the last 14 months. I appreciate all your comments and feedback - please continue below 🙂 And I'd love to keep in touch - the easiest way is to subscribe to my email list. Love you all!

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