Running In China: Update 3

It’s been an eventful week of news about the coronavirus. Currently, Shenzhen has 31 cases of coronavirus and 0 deaths. The province health department has implemented a mandatory rule that any one in public must wear a surgical mask. I hope this helps stop the spread of the virus. The Chinese New Year holiday has also been extended an additional 3 days. I can only assume this is to limit in unnesscary travel while the
All of this new information is very frightening and has limited me to running only on a treadmill in my apartment building. Even with this little set back I’ve been able to keep up with my daily running routine.
So here is a recap of my week:

1. Miles this Week: 26.2 Miles

My mileage is down 1.7 miles because my Garmin watch measures distances differently on treadmill runs compared to outdoor runs. The outdoor runs are more accurate because they use GPS technology, while the indoor runs use a pedometer (step counter)

2. Number of Runs: 6 Runs

The same number of runs as last week. I switched from running first thing in the morning to running the last thing at night. I can see that it will be harder to keep up with my running schedule if I continue to run at night. It is hard to run after being awake all day. Even if you entire day was spent with low amounts of activity.

3. Miles this Month: 94.3 Miles

The month isn’t even over and I’ve already ran 3.5 more miles than December 2019. Overall more miles is a good thing, because its getting me conditioned for 26.2 miles.
Overall my running goal of finishing a marathon is getting closer to be completed. I apologize for this being a short post this week, but not too much changed on the running front.
If you are a runner and have ANY advice that will help me out, or if you would like to know more about what its like to run in China, please comment below. Thank you for reading this post.

February 2019 – Net Worth Update

February 2019 – Net Worth Update

February was another positive month for the net worth. We celebrated our first Chinese New Year in Shenzhen. Unfortunately, the city was completely empty, because Chinese nationals all migrate to their hometowns during the holiday. Since Shenzhen is a relatively new city (Less than 40 Years old) it doesn’t have many “townies”. So rather than celebrating Valentines Day (Thank God), we spent most of our time exploring the deserted city and Continue reading “February 2019 – Net Worth Update”

Why I Can’t Travel Hack & You Shouldn’t Either

Travel Hacking is becoming extremely popular in the Financial Independence (FI) Community. For those of you who don’t know, travel hacking is taking advantage of credit card sign up bonuses by hitting the minimum spend and canceling the card. If someone completes this cycle multiple times again they can accumulate large amounts of credit card reward points. Those points can be used to purchase travel (Aka: expensive plane tickets), book hotels, and even rent cars. Travel Hacking is a great way to save money on travel, but unfortunately it is not for me. Therefore, I will not recommend it to anyone else.

Continue reading “Why I Can’t Travel Hack & You Shouldn’t Either”

January 2019 – Net Worth Update

January 2019 – Net Worth Update

January 2019 was a good month, both personally and financially. My girlfriend and I started a 21 day fast of Video Media (YouTube, Netflix, Hulu, etc), fast food, alcohol, meat, unhealthy snacks. We were pretty disciplined and stuck to our sacrifices, even though we had with a few slip-ups along Continue reading “January 2019 – Net Worth Update”

Currency Risk (Exchange Rate Risk) & Teaching English in China

In November of 2018, I packed my bags and moved to Shenzhen, China. Unfortunately, this happened to be in the midst of blistering political drama and trade tensions between the World’s largest economies, China & the United States (US). I worried how this would affect me, my salary, and my future. I realized that I my new salary was going to be paid in ChineseRMBand I was now exposed to a new, well new to me, risk: currency risk. Continue reading “Currency Risk (Exchange Rate Risk) & Teaching English in China”

Degrees with Debt: How I paid off $27,000 in Student Loans in 2 years

After high school, I never REALLY knew what I wanted to be or do. Does anyone, really? I did know one thing. I was going to college! My older sister was the first person in my immediate family to receive a bachelor’s degree, and later a Masters Degree.  Being the competitive little brother I am, I went out and chased the same goal. Fast forward a few years, I’m walking across Continue reading “Degrees with Debt: How I paid off $27,000 in Student Loans in 2 years”

December 2018 – Net Worth Update

Hello W-T-Fiers! This is my first Net Worth Update of the blog. I want to use these post to track my progress towards FI, and to determine what my key objectives or “Action Items” are moving into the future. All values arelisted in USD ($). I hope you enjoy! Continue reading “December 2018 – Net Worth Update”

Welcome W-T-Fi’ers

Welcome W-T-Fi’ers. I’m a 25 year-old millennial from Atlanta, GA. After 3 years with a “real” job, I quit, moved to Shenzhen, China (aka the “Silicon Valley of Hardware”) and began to teach English as a Second Language (ESL).  (Did I mention I’m a millennial?) One thing I haven’t changed is my coveted goal of reaching Financial Independence (FI). This blog is about my path to reach FI, and maybe a few travel and expat experiences along the way. Enjoy!   

Goal

My goal is to reach FI in ten years (2029). With annual expenses of $24,000 (USD) per year. Using the basic rule of 25x times your annual expenses, I will need approximately $600,000 (USD) to never have to trade my time for money again.  

History

 I first discovered the FI “rabbit hole” when I was 16 years old. I was working a summer internship at my local water department.  The internship went well but, I spent most of my time surveying old pipes in bad parts of town. Fortunately, I made friends with the construction crews. One day, one of said crew members, “Big Mike”, introduced me to Dave Ramsey while we were eating lunch in the truck.  I heard a loud-mouthed, big personality, radio guru who preaches about the benefits of living a life with no debt. This was my first exposure to personal finance. I was hooked! I spent every free moment absorbing personal finance blogs, podcasts, and books. Unfortunately, even with this knowledge, I managed to accumulate more than 40k (USD) in student loan debt. I was so disappointed in myself that when I graduated college and got my first “real” job, I paid off 30k of my debt. And I won’t stop there.

Thank you for taking the time to join me on my path.  Feel free to comment and give me ANY feedback, suggestions, or encouragement to reaching my goal. 

-Mr. W-T-FI

Hello from Shenzhen, China