FIRE or PE? What does freedom look like for you?

In my research about how to become independent from employment slavery, I frequently come across articles about FIRE. I was told that if I have not heard of FIRE I must be living under a rock. I actually live on a rock but that is a whole other story. Apparently FIRE is all the rage now it stands for Financial Independence / Retire Early. At first glance I thought, yes that is what I am looking for. But is it really? Looking at Financial Independence literally it means having all the money you need without doing anything more to get it. For example, retiring with a big pension, being the beneficiary of a trust fund, saving and investing boatloads of money or winning the lottery.
This is the dream of many, retire early and start living the good life. For many people in my age group, living in the fourth quarter, if you don’t already have at least a couple million dollars in the bank it’s probably too late to save for true lasting financial independence and early retirement. To be realistic in my personal plans, I am working towards an independent lifestyle where I can earn enough through entrepreneurial endeavors to live comfortably and be able to enjoy a retirement like lifestyle while I am young and healthy enough to enjoy it. Rather than retiring from working; I am working toward breaking away from confining clock in and clock out employment and going independent, working on my own terms through entrepreneurial pursuits. That is what I call PE or perpetual entrepreneurship ; the idea is to develop the independent income streams through entrepreneurial endeavors to the point where they are generating steady income while personal involvement to work at it lessens with time. Ideally to have a business that can be run by employees while you take a cut of the profit to live off of. Or build it up to the point to where it is marketable to sell the business at a good price and live off the proceeds.
Currently I have an e-commerce business and I am expanding my business to meet a need that I see in my community. The very notion of entrepreneurship is finding a need and building a business that fills that need. Catalina island is a resort island off the coast of Southern California. The only town or city is Avalon; 2.9 square miles with a population of approximately 4000. Avalon is a beautiful hamlet that is well marketed as a weekend escape vacation destination therefore the primary revenue to the island is through tourism. During the busy summer season there will be hundreds of temporary workers that will move in and work for 4 to 6 months. One of the challenges for temporary residents on an isolated island is getting mail and packages. Avalon has no mail delivery, the only way to get mail is through a USPS provided PO Box and only full time year around residents are allowed to have one. Temporary residents can receive mail addressed to their name , General delivery, Avalon, CA. 90704. Then they can pick up mail at the window. That works to a point, but they can not order things online because most online retailers will not send product to a general delivery address. Plus some online retailers ship via UPS or Fed Ex. In Avalon a local company delivers parcels from those major carriers but temporary workers often live in bunkhouse type of workforce housing complexes and that creates challenges for receiving their parcels. Therefore I am working on opening a mailbox rental company similar to mailboxes etc. or the UPS store. Anybody, year around residents and temporary residents will be able to rent a mailbox and receive their mail and parcels securely and reliably at Avalon PASS. I looked into buying a franchise but they are very expensive and I would have to pay for services that the franchise requires that is not necessary  in our small community like big advertising and marketing campaigns. If you live an a large town or city on the mainland a franchise may be a good option for this type of business.
Avalon Packaging and Shipping services aka Avalon PASS is being modeled after a UPS store or mailboxes etc., but I am building it from scratch. Avalon PASS will fill another need in our community; packaging and shipping. Often visitors overpack or over shop and end up with too much stuff to carry home with them, so we can ship it for them. Hotels, restaurants and tour operators find items that guests leave behind. Most will be happy to send the lost item to its rightful owner but that is time consuming so Avalon PASS takes care of packaging and shipping items or merchandise for them. We have all the packaging materials and facilities to pack and ship easily and efficiently as I am already operating an e-commerce business and I ship product daily. There are many other income streams that will be included in the business including various business services for local businesses and travelers alike. I have been operating the business on a small scale with only a few clients for over a year now and I am gearing up to launch it full scale by the beginning of 2019.
I will make regular blog posts to document the progress. I hope my readers will find it informative and encouraging to anyone who has an entrepreneurial drive to start a business. Perhaps following my development of the business will be useful to anyone who dreams of starting any business weather it be pack and ship or something else. Years ago I built a successful vending business from scratch so this isn’t my first rodeo. Look for my blog about starting a vending business coming soon. Please follow my blog and feel free to comment, ask questions and share.

Follow on Facebook too: AvalonPASS or click the Facebook link on my blog sight.

What is the Fourth Quarter?

I remember when I was very young, there was a family friend who retired from his job where he worked for decades. He went to a party, got a gold watch and never worked again. Day after day there he was, sitting in his easy chair watching TV as if he had been waiting his whole life for the day he could sit and watch TV all day long and not work. He obviously had a pension, he did not seem to want for money. I saw that after he retired he started to look and act so old, he walked so slow and hunched over. He died at the age that is not too far away from where I am now. It seemed to me from the perspective of a young person that people were supposed to retire at 65 and that was the beginning of the end for them.
The thought of working my whole life, retiring and dying seemed so dreadful.

These are different times however, we know more about health and fitness than they did in the 1960’s. Seniors are living very active and healthier lifestyles with ambition to continue to better themselves. Work culture has changed too. Back then it was very common for people to get one job when they got out of school and / or military service and keep that job until they retire. During my working lifetime it slowly became normal for people to change jobs frequently and that is what I did my whole life. Changing jobs and learning new skills, continuously building a strong resume and a variety of skills is what I thought of as a good investment for my retirement years. I have also always had a side business, some sort of entrepreneurial hobby and I have always planned on breaking free from employment and going totally independent. I succeeded in that once but a nasty divorce knocked me back to square one so I had to start all over again from scratch at age 40.

My blog is directed at people like me who are late to the party, with very little in the way of savings or pensions and who know that social security payouts alone will not cut it.  At the same time, we want to have the feeling of being retired early; work less, travel, golf, fish or whatever we find joy in doing a lot of. Since people are living longer and we have so many things we want to experience, retirement savings needs to last so much longer. Nobody wants the money to run out before we complete our bucket list. I am promoting the idea of building sustainable retirement income through entrepreneurial endeavors and smart investments. I want to encourage and help people who are working for what I am working for and in doing so I can gain encouragement and knowledge from what I research and write about in my blog. I will be reviewing a wide variety of casual employment opportunities, part time business opportunities, financial investments and personal investments; ways to better ourselves in order to fully enjoy our retirement years to the full.

My blog is also a journal of my progress in building a business and good investments that will help finance my fourth quarter, and my dream of taking my business on the road and traveling around to all lower 48 states and to as many points of interest as my wife and I can. I hope my experiences and advice will inspire and benefit people who want to live a more casual and free lifestyle.

As of this writing, I am on a 5 year sprint to reach my goal of becoming free from employment with the ability to maintain independent income while being mobile, free to roam, for both my wife and I. I think of my goal as, rather than working for retirement, I am working for independence from employment. The fourth quarter for me is not only these final five years before independence, but it is for the rest of my life as I reap the benefits of my work and investments.

Please comment, share and follow me on Facebook, Twitter, instagram, LinkedIn and you tube.

The Journey Begins

Introduction

Ever since I was a young boy I had an entrepreneurial spirit. I was careful with money; I collected and saved things that I thought I could profit from later. I found ways to make money by non traditional methods. The concept of Financial Independence came to me naturally. However,  I am a workaholic who doesn’t want to “go to work” so to speak. I once read that the definition of entrepreneur is a person who is willing to work 80 hours per week to avoid working a 40 hour 9 to 5 workweek. That describes me perfectly.
Now that i am at the point in my life that I am calling The Fourth Quarter; I am quickly moving toward an age where most people would expect to retire. My life however has had some unfortunate twists, I have been divorced twice and am now married a third time. I finally got it right this time by the way. But on account of my divorces I had to start all over again from scratch to invest and save for retirement at age 40.

My blog is about my journey; working toward a satisfying retirement on what will be a pretty low retirement income. I strongly believe I have it all worked out, I have been thinking, dreaming and planning for this my whole life. I want to share with you what I have learned along the way with the hope that you could benefit from it as you plan for your retirement.

Please follow my blog and see how my plan is going. Let’s learn together what new tricks and strategies we can use to help us on the way to being able to enjoy retirement to the full. Feel free to chime in and share your ideas and experiences too. Open communication will benefit everyone who follows my blog.

I will be covering a wide variety of topics relating to my theme including:

• Investments
• Health care
• Working while retired
• Traveling while retired
• RV living
• Financial contentment
• Financial security and independence
• Increase income by downsizing and simplifying
• Living within your means; a retirement budget plan
I accept that some of my ideas plans and strategies may not work for everyone. However I am confident that many of the principles that I will promote will help many to shape their own successful retirement plan. Each person has their own set of life experiences, skill sets and circumstances, but we all want the same thing; a life of independence and contentment while we enjoy our life in the Fourth Quarter.
Follow me on Twitter, Facebook LinkedIn Instagram.

Good company in a journey makes the way seem shorter. — Izaak Walton

post