April 21, 2016
If you’re reading this, odds are decently good that I’m actually still alive. However, if you know me well enough to have been told that I’ve died, I hope life finds you well and happy…and thanks for stopping by.
This post is obviously a touch on the morbid side, but I feel that it is something that needs to be written. A guide, if you will, for my surviving friends and family. It’s also somewhat of a boot-in-the-ass to get mine and my wife’s last will hammered out, which we have been putting off for the past 6-ish months since deciding that we needed to do so. Last summer, while visiting our best friends in Texas, we asked them if they would do us the honor of being our son’s God-parents and take custody of him in the event of our untimely deaths. They lovingly agreed and we have informed our families of our wishes; however, this hasn’t been legally set in stone so we really need to get it done to avoid any potential issues that could arise, as well as the undue suffering of any parties involved. We are currently in the underwriting process of obtaining new life insurance and, once finalized, we will get the will hammered out. I’ve been researching and I think we are going to go the do-it-yourself route through Legal Zoom.
Dear Cheyenne aka Lovebug [unless you died with me :)] Rowan, Mom, Dad, Jeremy, Kyleigh, DeDe, Grandmas, Grandpas, Matt, Chelle, and every one of my other surviving family and friends,
To begin, I love you all. Secondly, this one post will (hopefully) serve as an extremely simple, straightforward, one-stop-shop for our wishes regarding your handling of our amazing son and finances upon my/our death. May you study and learn from my blog, the fellow bloggers around my site, and the bloggers that I am about to list below, as they were who got me started down this path to attaining financial independence. This path, if you so choose to take as well, will result in the most stress-free living, bringing you closer together with your loved ones than you have ever thought possible.
The following blogs provided me with the foundation of knowledge to pursue financial independence and, likewise, placed within me the strongest and most burning desire to reach that pinnacle and retire early, thereby allowing me the opportunity and privilege to live life on my own terms and schedule, as opposed to continuing the chase of the almighty dollar, as a hamster in his never-ending wheel, so that I may continue floundering in debt and servitude, trading the minutes and hours of my life for things. This pursuit of stuff does nothing more than rob me of those precious minutes that would be better spent with my loved ones.
Here they are to get your started on your own journey:
- Mr. Money Mustache
- Root of Good
- Go Curry Cracker
- 1500 Days
- Rockstar Finance / Budgets are Sexy
Don’t stop there! Branch out, read, and take in every thing you can!
As for Rowan’s inheritance, invest the money in the following way: place the money in an account with Vanguard and invest 100% in the Total Stock Market Index Fund (VTSAX) – for further information on this, check out Vanguard and check out jlcollinsnh’s explanation on this strategy, as well. Don’t waste any percentage of his inheritance paying someone else to manage the money because this will be a simple setup with the purchase of the index fund. Invest it, leave it alone, and ignore the ups and downs of the market. If you actually want to waste money paying someone else to manage the investment account, and therefore make me die even a little more, just take that percentage out (literally THOUSANDS of dollars each year) in cash, light it on fire, and sprinkle the ashes over my grave.
As Rowan grows, teach and encourage him to begin his own research into these topics on personal finance so that he may successfully manage his inheritance in such a way (i.e. learn about the 4% rule and the concepts of frugality) that he never HAS to rely on the financial aspects of working a single day in his life, thereby affording him the opportunity to follow whatever passion he may develop and nurture.
In a nutshell, that’s it. Simple, free of frills and bullshit.
Thank you for being a part of my life. May you continue to live happily and healthy. Give my son a squeeze every single day and tell him that his mommy and dadoo will be forever proud of him and that we love him more than words could ever describe.
With all my love,