FIRE vs FINE

How we spend our money says so much about us.  Are we generous to ourselves,  stingy to others?  Stingy to ourselves and others?  Buying others attention?  Spending more than we have? There are so many ways to live both within and outside of our means.

I've come across the FIRE system - Financial Independence,  Retire Early - quite a few times in my life.  Some of my clients have been fiercely dedicated to it.  Some have strained their marriages over it.  It's basically living way below your means and squirreling every spare penny away,  till you reach a magic number (different for every person) and then you can stop work and live very frugally on that.  

Conceptually it never worked for me.  I don't want to be that frugal and I didn't want to stop working at 40.  

But now a new acronym has emerged - FINE,  Financial Independence,  New Endeavor.  Which doesn't make you retire once you hit your personal magic number,  but allows/encourages you to shift to a new idea/endeavor.  This seems more appealing,  though you still have to be very frugal to get to your magic number, but once there, you embrace new ideas or doing part time work,  or lower paid but more emotionally satisfying work. 

I do think that for many of us,  living that much below our income implies that there is some fat in our income and that is far from always the case.   And getting your nails done once a month shouldn't be seen as a shameful luxury. 

So as with everything,  I advocate moderation.  Spend moderately,  but also save moderately.  Try to live within your means,  don't get the maximum mortgage,  see if you can find something cheaper a little further out,  give yourself some breathing room.  And take a holiday.  Holidays are joy. And if camping gives you joy,  go camping.  But if going to Paris gives you joy,  don't force yourself to camp and resent your choices. 

Finding new work

Did a reading for a woman who had drastically changed jobs (from high end finance to working in an art gallery,) only to discover that the new job did not suit her at all. 

Would she find better work?

She drew the Knight of Swords / Chariot  / 3 of pentacles

Right now she is angry, and riding with that anger but not going in the direction she wants.  However,  if she just lets her intellect guide her, and pull those opposing horses in the right direction,  she will get to creative and harmonious work.

I do love how the cards answer her question.  

Often when we take a risk,  we expect it to pay off immediately.  But the transition from high finance job to art gallery sales was too big a leap.  Also,  she focused on the word art,  but the job focused on the word sales,  and she found that she loves art but hates selling.   

So that's her Knight of swords,  she felt almost duped by the decision she had made.   However the Chariot is a card of strength of will,  where she pulls her will on her future and then she gets to what she wants.  The three of pentacles is an excellent outcome card around the area of work/career. 

We were both pleased by the outcome and I look forward to seeing how it all went,  when she comes for her next reading. 

(The readings are all real, and the cards drawn are all true,  but I change some identifying details to make sure that everyone's privacy is respected.) 

Three of Pentacles

It's funny, this is the card of harmonious work, and I'm having terrible technical difficulties with this post - first I couldn't get the images loaded, now I can't get the text... Not much harmony here!

However, when you get this card, it means that there is cooperation, harmony, similar goals and an understanding of how to get there. People love getting this card when they are looking for work because it means not only is work coming, but it will be fulfilling, interesting work - a career position not just a job.

When you draw this card you feel competent and part of the group. I like the skipping rope version which allows for a sense of play as well - but again, all three people are essential to this game and share in it equally.