I’ve recently started using Twitter. Re-started, rather. I was an early adopter but eventually found it a strange combination of information overload and dull, and gave it up. What I’ve come to realise is I just hadn’t found my tribe. I’ve partially done that now, by following a bunch of really smart, inspiring people in the financial independence community, as well as the expat community. It’s become one of the top sources of new content for me. I love reading content by, and interacting with, people who are so immersed in the subjects I care about.
On the financial independence side, one of the things I value is the diversity of the stories there, how people are all taking their own unique paths in pursuit of their goals, and how many of us share a common goal of greater freedom over our lives and our time. One recent post that spoke to that was this guest post on Millennial Money Man’s excellent blog.
I was delighted to read it, as it echoes many of my own thoughts on the subject of financial independence. It was so gratifying. Here was someone else who valued freedom as highly as I do, and was taking steps to get there! I wasn’t the only one!
Before I started following blogs like that, I didn’t know there was this big, supportive community of weirdos like me. What I did know was that the unspoken rule in our culture is: you don’t talk about money. And I picked up on the fact that, understandably, many people wouldn’t want to talk about early retirement when they could be uncertain whether they’ll ever be able to retire at all, full stop. And so I added financial independence to the list of things that I was interested in, that most people just wouldn’t relate to. I was used to having such a list, was used to being a bit of an outlier.
I suspect that most of us in the FIRE community learn to pick our audience carefully, around the sensitive topic of personal finance. Probably there are other aspects of our lives that we selectively share, not out of secrecy but more out of a desire not to bore (or worse, alienate) people with our sometimes nerdy pursuits. I suppose I’ve always been an outlier of sorts, even though I try to “pass” for normal in polite society… with varying degrees of success ;). But I think there are some perks to being an outlier, even if you sometimes feel as though you live a double life of sorts.
There are a few different, but overlapping and, I think, complementary, aspects to being an outlier that work in our favour.
Here are some things that make us weird, in a good way, and how I think that ultimately gets us closer to our goals, financial or otherwise.
Immigrant mindset – “Put yourself in a place where you are the different one“
One thing that will definitely make you aware of being different is being a foreigner. You’re weird by definition, and it’s so freeing. It’s a great, eye-opening experience that I have come to love. I recently watched a great TEDx talk by Tayo Rockson, who is a seriously inspiring thinker on the subject of global mindset (he also runs one of my favourite podcasts). His talk included the above line which really resonated with me. It’s what we as immigrants, expats, and digital nomads do regularly, and it’s so beneficial. We’re in places where we’re the different ones, in one way or another.
Having an immigrant mindset changes the way you look at the world and you ultimately become culturally bilingual, which is a huge asset. If you can understand not just the culture you grew up in, but another one as well, you’re at a massive advantage. That’s two (or more) sets of wisdom and “common sense” for you to draw from (and question, as we’ll see below). Part of what’s so powerful about this is you learn that conventional wisdom isn’t universal, and that there are diverse ways of knowing and being.
You also learn to code-switch, much in the same way those of us in the FIRE community learn how and when to talk about our goals for financial independence. There’s no better, faster, or harsher, lesson in the importance of picking your audience. Immigrants get this. Immigrants also hustle hard.
Self-experimentation – The Tim Ferriss Effect
It seems like there’s a significant overlap between the FIRE community and what I’ve come to think of as the “Tim Ferriss Effect.” I think Tim brought a lot of new ideas into the collective consciousness in a way that hadn’t been done before, or at least not as effectively. For those of us who had always been prone to being outliers, reading his work lit a spark and made us aware that self-experimentation, and thinking differently, wasn’t something to be ashamed of, but celebrated. And that it could be beneficial, even profitable. As I continue to learn from others in this space, I see his name pop up over and over as an early inspiration for a lot of people. I’d count myself in that group, in my own small way.
Looking back, it was kettlebells that proved to be my gateway drug. See, I’d believed the gospel of women’s magazines that long hours of steady-state cardio was the One True Path to the body I wanted, and yet strangely enough, all that time on the treadmill wasn’t getting me the results I sought. I genuinely hadn’t considered that there might be a better way, until I read Tim’s book, the 4 Hour Body.
Then, when I began to see results from trying something different, from doing a little independent research, from going against the conventional wisdom, it’s like it gave me permission to start questioning everything. I started reading up on lifestyle design, and while it took a few years for me to really action any of what I was reading so voraciously, that first step of shifting my mindset was crucial. The mindset shift that acknowledges it’s ok to do something different, even if it’s different from what the “experts” recommend.
If we can challenge the conventional wisdom of the literal treadmill, we can challenge the conventional wisdom of the figurative treadmill of high-spending/low-savings/40 year working life. We can challenge the idea that the place you were born is the place you should stay. We can demand something more, something better, something different.
Question everything – Not following the herd
Once you feel you have “permission” to question everything, and a good many badass people don’t require even that, you have the keys to the kingdom. From self-experimentation, the natural progression is self-education. We learn we don’t need to rely on authorities, we learn that conventional wisdom is often plain wrong. And we learn how to find the information we need. Or if it’s not out there, to create it ourselves.
The blogging community does this so incredibly well. There’s detailed information available now that simply didn’t exist a few years ago. One great example is the now-classic and oft-cited FIRE tax strategy known as the Roth Conversion Ladder. Thanks to outliers like the MadFIentist, it’s now out there for anyone to discover.
The way I see it, the future belongs to the outliers, to those who embrace being the different one, who get out in front of the herd. And I think we can all do this, not just in the realms of personal finance or global mobility, but in whatever areas we’re passionate about. And by doing so, we not only reach our goals faster, we bring others along on the journey.