An introduction to Mr. A – path to Financial Independence

Hello Friend!
Hike near Park City, Utah - This makes me think of my path to financial independence.
Hike near Park City, Utah – this can be your view when you have achieved financial independence.

You must have stumbled upon my website SavedCapital. I am sharing my journey through FI (Financial Independence) or FIRE (Financially Independent Retire(d) Early) to hopefully encourage you to start doing things in your own life so that you can join me on this path.

I have a passion for optimizing everything, including personal finance, taxes, spending, saving and so forth, and I would love to share my knowledge with you so you can benefit as well! This means there will be some tips, tricks, and recommendations coming up on the blog. I am also hoping that you can help me provide better content for you.

I have already made progress on this journey to FIRE and now I am really buckling down and getting serious. Hopefully this blog provides you a taste of my experience. I intend to stay Mr. A on this site as long as possible as I still have a while to go on my journey. Well, lets get started!

Let me properly introduce myself. I am in my 20s, married and I love trying out new things–like writing this blog. My wife and I currently live in Utah but we are not from here originally. I love technology and I am an absolute believer in using technology to make your life easier and more convenient. I am casually athletic as I enjoy working out, hiking, camping, doing yoga,

Colosseum in Rome, Italy
Colosseum in Rome, Italy

riding a bicycle, playing tennis or playing basketball. Traveling with family and friends is another hobby of mine. Mrs. A and I own our home (+ mortage) and I find it fun to work on house projects over the weekends. Gardening is fun too! I have lots of interests and I truly love learning something new. Except cooking. I am terrible with that.. maybe one day. LOL.

Financial Independence + Minimalism

I learned about the concept of Financial Independence (FI) a couple years back when I graduated from college and back then I did not really know what I wanted from life. I still have my doubts but at minimum I believe that FI gives you a direction to move towards to that you can set for yourself. It can be at a pace that you are comfortable with. For me it is hopefully approximately 10 years from now. I discovered over the years that I don’t truly get enjoyment out of material goods that might make you feel like they bring happiness at a point in time (Yay, a new SUV!). I value my own time and freedom and I aim to spend my hard earned money on something much more valuable to me – buying my financial freedom.

The reason FI is so important to me is because I view it as an opportunity to be able to spend time with my children when they are young, being able to travel, to visit family during holidays or important events, being able to take care of my own well being such as emotional and physical health. Or start my own business and not worry about financial resources. So it is selfish as well. Often times I feel that I work so hard that I forget to remind myself to take care of my needs. For example drinking water. Has this ever happened to you where you go almost all day without drinking water because you were extremely busy? Basically, being FI gives you an opportunity to view the world from a different angle and live a life that has less stress and more fun. Much more fun.

Why am I writing this blog?

I have recently been struggling a bit with juggling several responsibilities in my personal and professional life. Time management is key and I keep learning more about it. Even when working long days over weeks, months, years, I remind myself that this is just temporary. Some days I am not sure if the direction I am heading in my career is correct or if I should be even at my position at work. Regardless, I keep pushing forward and making progress with FI. I have been prioritizing learning about personal finance and taxes, leveraging technology, saving, and DIY to help make progress towards my ultimate goal of FI. I hope to help others pursue their financial goals.

Financial Independence (FI) vs Financial Independence Retire(d) Early (FIRE)

You might ask, what is the difference between FI and FIRE? In short, FI or Financial Independence means you are financially free, have sufficient financial resources so that you are comfortable walking away from a job to change your lifestyle. Perhaps you can pick up a fun hobby that brings excitement and some income. It also means you are leaving your current job. FIRE or Financially Independent Retired Early is a more extreme version of FI where you would be OK never working again, but if you do, then it is just cherry on the top.

Giraffe with mom at the zoo
Giraffe with mom at the zoo

If you have done FIRE then this means that you must rely on your portfolio for rest of your life at least until Social Security kicks in. In this case I am making an assumption that you are retiring early. Of course, you can start the path of FIRE and then realize that you want to be involved with something else. You can always call it FIRE and still work on something you love.

For FIRE to work, of course there has to be a lot of planning. I had my doubts when I first started with saving for FI/FIRE as it meant putting a large portion of my income in various types of retirement vehicles that I may not see for decades. I probably planned for approximately 6 months before I even started with any saving for that purpose. And once I started, I started small, so the process has been very natural to me over the years. I can truly say that I am so happy that I started working towards FI a couple of years ago. I have a less stressful life than if I would have blown my money on random things like the newest iPhone, a laptop, a car, a brand new house, etc. These are all nice possessions to have, but are not always compatible with the dream of FI/FIRE.

Saving capital… or SavedCapital 🙂

As you can imagine, I am a pretty frugal person–a quality which has helped me with savings–most likely because I did not come from a wealthy family. Throughout college I worked while attending school, with the exception of the freshman year. I was very fortunate to have a scholarship to cover my tuition and I ended up getting a few smaller scholarships based my on grades that covered most of my fees + books. This allowed me to graduate without student loans which provided a great advantage. I was also really careful with expenses throughout college, despite making my fair share of mistakes. This early practice of saving my earnings has helped me to start building up capital and I am hoping to use all of my saved capital for FI/FIRE down the line.

Hopefully, now you have a better understanding of me as an individual. My goal is to keep writing content and see what you think of it. Check out other posts if you want to know how you can speed up your progress towards financial independence. I am confident you will learn more about me and get ideas to help get you started or continue your path on FI/FIRE. Please provide any suggestions and feedback you have to improve your experience as I would love to hear from you.

Hope to see you soon,

Mr. A