An Unintentional Meander Up Grumpy Avenue (Part 3)

It’s OK to Fail

Americans abhor failure, or so we’ve been led to believe. I joined the U.S. military in the late 1990s and can remember the Zero Defect Mentality the post-Cold War peace dividend bred into our military leaders. While I would like to think the longest-running armed conflict in U.S. history (Afghanistan), and the most controversial since Viet Nam (Iraq), bled our military leadership dry of the Zero Defect Mentality, I’ve watched it slowly creep back into prominence since 2010.

My current Commanding Officer (CO) is an exception to that trend. He uses a term to describe his willingness to accept failure: Recoverable Training Failure. It essentially means he allows people to learn from their mistakes, as long as those failures are recoverable (i.e. no one died or was seriously injured). He’d rather people fail in a training environment, take the hard lessons learned, apply them, and succeed operationally when it matters most.  It’s a combat veteran’s mentality and is a good leadership philosophy in my opinion.

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3 Books + 2 Booklets + 1 Chapter = Financial Independence (FI)

The Three-Legged Stool of FI Knowledge

The two avid readers of this blog site (my parents —  Grumpus Maternus and Grumpus Paternus) might recall a mention in a previous post of my three-legged stool of financial independence (FI) knowledge.  They might also recall that I built that stable platform of knowledge through blogs, books, and podcasts. In the first leg, I discussed financial independence blogs.  In this post, I review financial independence books.

Form, function, and finances

I specifically review three books, two booklets, and one chapter that when taken together would allow a person to plot a course to FI.  The beauty with this list is that it includes a book for each stage in that journey.  From those simply needing the motivation to start, to those ready to write retirement plans, create spreadsheets, and make investment moves; there is a little bit of something in here for everyone. Continue reading