Considering a sailing adventure to Mexico? Just look at how engrossed that guy is in the book! Grab a copy of the Unauthorized Guide to Sailing in Mexico, and you too can find yourself sitting on a Mexican dock with an oversized (but very attractive) hat.

Unauthorized Guide to Sailing in Mexico

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Entries by Eric (392)

Tuesday
Mar132007

A watched pot never boils

I thought about it some more, and plenty of plans take multiple years. Heck, even college is 4-6 years for most people. I guess the problem is that I'm bad with multi years plan, not that everyone else is.

But I suppose the rough part is going to be staying disciplined and focused on something so far away. I've always been honest with people that a big reason I want to do this trip is to prove to myself that I can do it. Not just the sailing part, which not to say is the "easy part", but working in corporate America for six years and socking away money certainly isn't a cake walk by any stretch of the imagination.

I think what will really make this work for me is keeping busy, and focusing on fun stuff that we can do right now, and just keep the money saving aspect as a background process. Every now and then it can resurface, and it should, so that we can re-evaluate our progress. But just like a watched pot never boils, me looking with dismay at my present status isn't going to help, and in fact it's just going to make matters worse.

I've done a good job (I think) focusing on the financial savings aspect of things. I need to let it run its course, and relax about it. Big plans take a long time, and if a part of this is truly me proving to myself that I can do it, then I need to realize that "doing it" means not turning into a stress basket and sabotaging my own plans so early in the game.

Tuesday
Mar132007

the money saving part; part 4

Just a quick note that I wanted to reality check the $812K that would show up from my lower post ($80K in a 401K, growing at 7%, compounded annually for 31 years). According to a quick inflation calculator, it seems that $812K in 2043 (when I can "retire at age 65"), the buying power of that will be worth what is today $303K.

Which isn't chump change, but it's always worth considering inflation, an increased cost of living, and increased costs due to age (health care being paramount).

The disgusting part is that if it grew at 25%, instead of 7%, I'd be looking at $55 million, or a crummy $20 million considering inflation. If anyone can point me to a fund that will perform at 25% for 31 years (on average), I'll be your best friend.

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