Hoooooo, weeeeeee!!! I type this from Omaha where I’m at the end of a little road trip. First, I drove from Colorado to Chicago with a pit stop in Wisconsin. I spent the week in the Windy City doing actual work (shudder). On Thursday, I jumped back in the Honda Element and headed west. I stopped here in Omaha where I met Mrs. 1500 to attend the Berkshire Hathaway annual meeting. Other friends attending included Income Surfer, Even Steven and the Penny Planters.
Berkshire Hathaway is Warren Buffett’s little holding company and the shareholder weekend is always a blast. On Saturday, we attended the actual meeting followed by a Mr. Money Mustache meetup.
I made a horrible mistake when I formally committed to the Berkshire 5K by paying the $50 entry fee. No backing out after I parted with the money.
On Sunday, the day of the 5K, I woke up to horrible weather. It was cold and raining. I am a poor athlete to begin with, so I dreaded the 5k and now it would be even worse. It was all downhill from there (except the actual 5K, which was mostly uphill). A couple minutes before we departed, I realized that I didn’t pack my knee brace that holds the IT band syndrome at bay. Shit!
Mrs. PoP, the Fiery Millennial and I trudged down to the starting line. I surveyed the crowd with trepidation while I waited for the
torture test race to begin. In the meantime, I took at least 10 hits from the asthma inhaler. I’d sure have a sore knee, but at least I’d be able to breathe. A couple minutes later, we were off.
The race went off OK. The first half was mostly uphill, so I panted like a madman. The good news is that I was faster than these guys:
Near the halfway point, the IT band in my left knee decided it was going to do it’s best to sabotage my efforts. It hurt like hell, but I focused my mind on other things and pushed through the pain. While I finished with a pathetic time of around 34 minutes, at least I never walked. Wait til’ next year. And IT band, why oh why must you do this to me??? I hate you.
In better news, I’m pretty sure that Even Steven and his wife promised me nothing less than a nacatamale buffet next time I meet up with them. Of course, I could have dreamt it or misheard Even, but I don’t think so.
What is a nacatamale you ask? I don’t really know, but it looks delicious and is going straight into my mouth should I ever come across one.
Last week’s question
I’m mostly a paranoid worrier, so all kinds of nutty things are always going through my head. Maybe I should be medicated or drink more beer.
Anyway, the thing that worries me most about my FI dreams is a nasty event like a terrorist attack kicking my portfolio down to a fraction of what it is now. Here is what you had to say:
Wise words from Mr. PIE:
Today is the tomorrow you worried about yesterday. Was it worth it?
I love Reader grbkeb’s (real name) comment:
I 100% concur with Warren’s sentiments on this subject. It is also the reason why I think you should achieve FI as soon as humanly possible and live a life that you want on your terms. I’ve built a huge nest egg, and I tell myself that the only way that my conservative life plan can fail is (1) if I develop a drug or gambling habit (2) I fall for a crazy woman who takes me for everything (3) World event on an order of magnitude greater than a 911 or the Financial meltdown of ’08.
…Can you imagine working until 65 years old saved multiple millions of dollars, finally ready buy that sailboat to cruise the Caribbean and boom (no pun intended), the world changes and its all gone…
Chad Carson remind us all that it’s pointless to worry about since you can’t do much about it:
I don’t think there is an investment strategy that adequately addresses this risk.
And I’ll leave off with Reader Chadnudj:
But I also refuse to let fear run my life. I have real fears, but I have neither the time nor the inclination to let the imaginary/distant fears (think: global catastrophe, random crime/violence, complete and total accidents) ruin things.
Bottom line: I need to stop thinking about all of this crazy crap because there is absolutely nothing I can do to mitigate the consequences. Like Reader grbkeb said, the best thing to do is to aggressively pursue FI so you can make the most of your time. Onward!
What are you reading?
I love to read. I’d give up TV in a second. Books, never. I like to read for both pleasure (Stephen King) and to learn. Here is some of what I’ve been reading lately:
- Wait But Why: I just learned about this blog (thanks Nate!) and: It. Is. Awesome. Urban’s posts are smart, rational, thorough and entertaining. I’m slowly making my way through the Elon Musk series which is a must read if you’re a fanboy like I am.
- Seeking Wisdom: I’ve heard a lot about this book, so I finally pulled the trigger. I hope the book helps me use by brain a bit better.
So tell me Reader, what is something good that you’ve read recently?
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