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My 2021 Year in Review

Written by Adam on March 1, 2022. Updated January 8, 2023.
9 min read. Personal, adamfortuna. 2 Comments

For the last eleven years, I’ve written a “year in review” post. I highly recommend you try it. It’s a time capsule that lets you reflect on the past year, appreciate parts of it that were great, and develop a plan for the next year. You can view any of the past 10 years’ posts here: 2010,  2011,  2012,  2013,  2014,  2015,  2016,  2017,  2018, 2019, and 2020.

Marilyn and I celebrating her birthday

2021 felt weird. Coming off of the chaos that was 2020 and January 6th, much of the year felt like getting over one traumatic experience while still being in the middle of another one. The former president was out (and off Twitter) which was great for my mental health. However, I struggled to stay optimistic as other bad news or inaction continued through the year. I started to realize how much I had let the news impact my own mental health and took steps to try to stay informed without being overwhelmed.

That was a common theme of 2021 – trying to feel connected to the world without the usual methods available.

Every year I try to pick out a few personal themes as well. Things I spent a lot of my own energy on throughout the year. My themes for 2021 included Hardcover, training for a marathon, hiking the Highline trail, learning new programming techniques, improving communication with my wife, and attempting to balance enjoyment with safety.

Those all sound like a lot and includes some lifetime goals of mine. Stating them like this doesn’t share the full story.

Hardcover is still just a startup without many users. Maybe it will succeed, maybe not. We’re just launching to beta now (March 2, 2022 – National Reading Day).

My marathon time was 5 hours and 45 minutes after not training or preparing correctly, which left me with awful cramps after about mile 15. (Side note: My time for the half marathon was 2:20, and that was with some uphill sections).

Although I hiked almost 50 miles of the Highline Trail, I ended up tapping out after a toe injury (and other issues) made every step painful.

Some of the new programming techniques and ways of doing things ended up being a lot worse than the previous setup, which meant rewriting parts multiple times to get where I could have gotten to faster.

After a couples retreat where my wife and I learned some new techniques to communicate, we’ve sometimes struggled to keep consistent with the processes we learned.

In other words – these themes aren’t “wins” exactly. I see them more as areas of growth. In some cases (like marathon running) I realized it just wasn’t for me. My preferred long-distance run is the 10k, which is what I now limit my outings to. They feel better, fresher, and more enjoyable.

For hiking, I realized I enjoy it more when trips are limited to 2 nights in the wilderness at most. Being farther away from society (and help in general) adds a bit more worry than I’m currently comfortable with. Who knows, maybe more 2 and 3-night trips out will change that.

My 2021 Month By Month

Here’s a quick breakdown of what stands out from each month looking back.

January – Besides being glued to the news after a violent attempt to overthrow the elected government, I volunteered at the Sundance Film Festival doing online support. Since it was online we watched a bunch of movies at home. My favorites were Eight for Silver, Cryptozoo, and Land.

Indiana Jones and the Last Crusade on the big screen
Indiana Jones and the Last Crusade on the big screen

February – I became a regular at Snowbird, the local ski resort on the Ikonpass. It’s my favorite ski resort in SLC and has delicious Indian curry that tastes amazing in cold weather. I also launched the Minafi Platform Directory to showcase great places to invest (and which aren’t-so-great). Mrs. Minafi and I celebrated our 14-year anniversary by renting out a theater to watch Indiana Jones and the Last Crusade (it was our first movie theater experience since before lockdown).

March – Lily (our 13-year-old dog) went in for surgery. We mentally prepared for the worst but hoped for the best. She pulled through, recovered, and is now in much better shape than before! It was an emotional month.

Our dog lily in a scarf
Hipster Lily

April – Lots of running, some skiing, started thinking about this idea of building a Goodreads competitor out of spite for Amazon.

I'm considering making a Goodreads competitor (or more aptly a Letterboxd for books) out of spite for Amazon.

A "Spite Site" if you will.

— Adam Fortuna (@adamfortuna) April 23, 2021

May – Went 100% in on this Goodreads alternative, formed a team, started working on it. Also went on a vacation to a local resort in Park City to stay for a few nights for my birthday (complete with tasty food, new hikes, and swimming in a crater.

Swimming in a crater

June – We went to Colorado for a couples retreat to learn how to communicate better with each other. We learned a bunch and loved just hanging out with people and playing cards against humanity or Concept like the old days. It was cut short after Lily had an emergency that required us to drive home from Denver -> SLC a day early and left us stressed out for some of the retreat (the person taking care of her had given her peanut butter, and she reacted very badly to it).

July – I stepped up my running to the point I was doing 25 miles a week or so. Then on July 23rd, I ran the Pioneer Day Marathon here in SLC! It was a fun experience, although I don’t know if I’ll ever run another one.

August – Fully vaccinated and with declining COVID cases, we flew out to San Francisco to see family and extended our stay for Mrs. Minafi’s birthday with a few nights in Napa Valley. We went on winery tours, had delicious food, and had lots of family time.

Loved our stay at the Candlelight Inn

September – Two friends from Seattle came to visit us in SLC, which gave us the chance to be tour guides. We saw caves, went on hikes, and ate at some of our favorite places. The trip coincided with an Alanis Morissette, Garbage and Cat Power concert which was our first live music since COVID started. We also spent a few days in Vegas with them cautiously masked up and avoiding crowds as much as possible.

October – After a travel and activity heavy few months, October was mostly just relaxing and working on Hardcover.

November – More of the same from October, plus an amazing Friendsgiving with some of the most delicious food I had all year (plus some rock band of course). Also got a new Macbook Pro after 9 years!

December – After playing Stardew Valley with my niece and nephew, I decided to start my own farm. Somehow I’ve now put 170 hours into this game since then. 😅 (update: it’s a lot more now).

Yearly Favorites

Here are a few standouts from the year.

Favorite spot I visited: I think it’s a tossup between the Homestead Crater and being in the middle of nowhere in the High Uinta Mountains. The Homestead Crater is a fun, casual experience if you want to swim in a hot spring. Being so far away from people during my Highline hike gave me some new perspective on my own mortality that was humbling.

Favorite games I played: Stardew Valley takes the win for most hours and the most fun. That Aged Ancient Fruit Wine isn’t going to age itself! My wife and I also played a bunch of It Takes Two, which is a great coop game.

Favorite restaurant meal: After only getting takeout and delivery in 2020, we ate out a few times in 2021 after getting fully vaccinated and before Omicron. I loved Fireside Dining in Park City. It’s basically an Alps-themed buffet where you’re sitting in front of a fireplace with Racelette’s. Delicious and amazing experience. Getting the omakase at Momofuku Las Vegas was my favorite overall meal. Seriously delicious all the way through.

Favorite concert: Seeing Garbage live was my favorite of the year. Shirley Manson can still absolutely kill it. We saw Pink Martini for the 3rd time which was also fun. We attempted to go to a bunch of Red Butte outdoor concerts (in the garden), but the ones looked forward to most were called off (Counting Crows, Roger Daltrey). We ended up seeing Spoon live, which was also amazing.

Favorite live events: We only went to two (non-concert) live events: a live recording of Armchair Expert with Dax Shepard and a Hasan Minhaj show. Hasan’s standup blew me away – I loved it. Armchair expert was fun, but the big surprise was Portugal the Man doing an opening set just because he was attending the show as a guest and offered to play a song or two.

Favorite hike: 2020 was a hike-heavy year. After our 2-week national park trip at the end of 2020, and our inability to travel much, hiking was one of the only avenues I had to get out of the house safely. With more options in 2021, I ended up spending less time hiking. Of course, my favorite hike was The Highline Trail – a 120-mile trail across the peaks of the Uinta mountains. I made it about 50 miles in before an injury took me out.

Favorite movies: I rated 5 movies this year as 5 ⭐: Bo Burnham: Inside, Eight for Silver, Spider-Man: No Way Home, The Suicide Squad, The Orange Years: The Nickelodeon Story. I watched many other emotional and more serious movies, but I tended to want escapism rather than realism this year.

Favorite shows: Midnight Mass, The Expanse (watched it all from the start after so many people recommended it), Squid Game, Alice in Borderland, Dexter: New Blood, Invincible, Wandavision, Loki, What We Do In The Shadows, Only Murders in the Building, Mythic Quest, Ted Lasso, Kevin can F*** Himself. (Yeah, I might have watched a lot of TV this year…)

Favorite books: Wallet Activism, the Murderbot series, The Invisible Life of Addie LaRue, Project Hail Mary, Greenlights, Everybody Fights: So Why Not Get Better at It?, The Midnight Library, The Lifecycle of Software Objects (this is an amazing dystopian Tamagotchi story), Adult Children of Emotionally Immature Parents, Dark Matter, Uncanny Valley, Kill Switch: The Rise of the Modern Senate and the Crippling of American Democracy, The Burning God (The Poppy War, #3) and the entire Alice in Borderland manga.

Favorite podcasts: Make Me Smart, The Art of Product, Indie Hackers, Social Software, How we Survive, You’re Wrong About, Our Opinions are Correct, Invisibilia, Hyped, Freakonomics, Opting Out with Cait Flanders, and many more.

Favorite new programming discovery: Two standouts that I seriously love in this one. The first is Hasura, which is an open-source API that sits in front of your Postgres database and provides an elaborate GraphQL API. The amount of time saved not needing to build out a full API is huuuuge. Every API request for Hardcover uses it. The other addition is Next.js, which is one of the most simple frameworks I’ve ever seen. It’s great for a fast front-end backed by React.

Favorite project: Hardcover, of course! It’s been exciting to just start a whole new project in a space I’m passionate about. A decade ago created a widget to list what I was reading on my old blog adamfortuna.com. I updated it over the years, switching from Angular to Ember to Vue to React – using it as a testing ground for new ideas. Once Goodreads decided to cut off access to their API (which I mentioned in my 2020 year in review post) I knew I’d need to find an alternative. There’s something about a good name that inspires me. When I settled on Minafi for this site, it gave me enough momentum to work on it for years. I feel the same way about Hardcover already.

What’s Next for 2022?

We’ve been reluctant to plan much for 2022. We’d love to travel again when it’s safe, but also don’t want to be stuck in another country isolating for weeks if we catch COVID (and leaving Lily alone!). We have a few trip ideas on the agenda though:

  • Visit DisneyLand in Los Angeles (February).
  • Spend a few weeks in Seattle with friends (April)
  • Get off the grid for my 40th birthday at a cabin in Sundance (May)
  • Go on a friends-trip to a cabin for a week (May)
  • Go Helihiking in Banff (August)

That’s already a lot and without an international trip penciled in. We still want to visit Taiwan and Korea – the trip we had planned for March 2020 was canceled.

Beyond that, I still want to post here on Minafi monthly or so. It’s been MONTHS since I updated any of my financial spreadsheets or tracking. I’ve gotten to the point lately where I’m outright neglecting my finances–which has been nice for my mental health to be honest. There have even been times I’ve freaked out thinking “did I transfer money into checking to pay credit cards?”.

I’m not sure what’ll be next for Minafi. I suspect it’ll be less about specific financial topics, and more just updates on my life – a peek at what “retired” life is like for someone who is constantly working on other projects. Minafi will continue to be one of those projects. The others: only time will tell.

Three Years of Early Retirement – Mindset Changes and Realizations

Written by Adam on December 30, 2021. Updated January 8, 2023.
15 min read. Personal, Mindfulness, Blog, Spotlight, Minafi, Canonical. 14 Comments

On December 14, 2018, I left my job of almost 8 years to retire early. That was three years ago this month. While a lot has happened in the world since then, our life has been surprisingly stable. I previously shared takeaways from first year of FIRE and my second years of FIRE about this. Going into 2021 suck at home and glued to the news, I wasn’t expecting it to be much different from the past two years. While that’s mostly true, it’s been interesting to see how a few mindset shifts can change everything.

October leaves in Salt Lake City

When I was working, and even since I stopped, one of my favorite types of blog posts are the “what I learned by retiring early” type. The Mad Fientist has done these each of his 5 years since he retired, Retire by 40 has 9 years (!) of updates, Root of Good has updated a bunch, Our Next Life shared reflections after multiple years, A Purple Life shared her first year of early retirement, Living a FI had an epic update after a 6-year blogging hiatus and Life Outside the Maze (who retired around the same time I did) recently posted about lessons from 3 years of early retirement.

There are honestly too many other posts to count and list. Some people prefer to update monthly, others yearly. If you’ve written a blog post (or multiple) with your experience, please share it in the comments of this post for other people to read!

What I enjoy most about these posts isn’t the life updates (although those are great too). It’s how their mindset has shifted given more time to reflect. Taking a break from work is often the pause needed to shift priorities in life. It’s why many life-changing decisions happen in the years after leaving a job. This focus on personal growth to understand what’s next has always intrigued me (it helps I kind of love future planning).

With that frame of mind, here’s a look at how this past year of time away from work has shaped my own view on early retirement, financial independence and my own outlook on life.

How I Got Here

For anyone who’s been following Minafi for the last few years feel free to skip this. Here’s a quick tl;dr of where the year started.

  • Retired at age 36 after a career in tech (programmer/product manager). I’m 39 now.
  • Was extremely lucky, coupled with having the right skills at the right time and putting in a lot of effort.
  • Had a $100k windfall when my mom passed away when I was 23, followed by selling the house I grew up in when I realized I didn’t want to be a landlord.
  • Joined a startup Code School, which was acquired by larger company (Pluralsight) which eventually went public.
  • Grew up in Florida, but moved to Salt Lake City, Utah about 4 years ago.
  • Live in an apartment with my wife and dog.
  • Living at about a 3.5% ~ 4% withdrawal rate on my very boring investments (mostly a three-fund portfolio).

For a graph of how I got here financially following FIRE path that puts it all in perspective.

How to read this:

  • The Y-axis is my savings rate for each year. An 80% savings rate means I was able to save 80% of my income that year. For some years this was only possible because I had a huge windfall (noted here). For other years I tried to save what I could based on my salary.
  • The X-axis is how much I had in total investments at that point in time based on my spending at that same time. For example, When I was 25, I was spending about $50,000 a year. Since my “savings multiple” was about 3.5x, that means I had about $150,000 in savings at that time.
  • The X-axis can go “back” for two reasons: my spending per year goes up, or the value of my investments goes down.
  • A -100% withdrawal rate would mean a 4% WR for that year from investments. Since my wife continued to work for my first year of retirement, our WR was less than 2% for my first year.

Ok, now that you know how I got here, here’s a look at what I’ve learned this last year.

#1 Retiring Early Isn’t for Everyone

Let’s start here.

This year has seen the rise in antiwork, unionization efforts and The Great Resignation. It’s obvious to anyone who’s not rich that capitalism without social programs here in the US (and anywhere, but especially here) is driving people to the point where they’re struggling to pay this months bills – never mind saving for retirement. FIRE for this group is as out of reach today as home ownership. It’s a dream like winning the lottery.

For those that do have well paying jobs, health care, stable housing and investments, you’re seeing your money grow at a rate that’s hard to fathom. The S&P 500 is up 29.71% in 2021 (!). Having a high income, having windfalls, making smart investment decisions and letting time do its thing could allow you to do what very few people in history have been able to: retire early.

But should you? Here’s my honest opinion: if work is your biggest hobby, you shouldn’t retire. You’re going to be bored. That’s why creatives thrive so much in early retirement – they finally have time to do what they’ve always wanted to!

I’ve talked to a bunch of people who say “I’ll never retire”. They tend to fall into a few different groups – all of which are completely valid opinions:

  • Work is my hobby – People who genuinely enjoy their work, get value out of it, grow as humans and don’t want to stop.
  • Stop working, but still be productive – People who would stop working at their job, but still do something “productive” for society. This is more semantics in my mind. It also sometimes negates creative projects, raising a family and community involvement as “not productive”.

Whatever you want to do and whatever you want to call it – you do you. I’m not here to police the terms you use to describe yourself.

In my case when I stopped working at my job, I immediately started working on side projects. I dove head first into Minafi and built out an Investment Bootcamp, a Fund Directory and an Investment Platforms directory. These were all fun projects that I enjoyed, but some people might actually consider this “work”. I don’t.

I'm considering making a Goodreads competitor (or more aptly a Letterboxd for books) out of spite for Amazon.

A "Spite Site" if you will.

— Adam Fortuna (@adamfortuna) April 23, 2021

In 2021 I shifted gears and spent most of the year working on a new bootstrapped startup called Hardcover. It started as a joke tweet and quickly sprang up into a 7-person startup with weekly meetings, roles based on peoples strengths, equity discussions and semi-formal practices in place. I’ve had to part ways with some people who have joined – even though we’re all working for free (well, for equity only).

At what point does working on this project mean I’m no longer “retired”? Is it when I spend more than 40 hours a week on it? Is it when it makes money? Does it need to make enough money to pay my bills?

I don’t think it’s any of these. The metric I go by to determine if I’m retired is simple: who controls my time. If I control my time, I’m retired. If a company controls my time, I’m not. Easy as that.

For working on this project, I’ve set it up to be flexible. Everyone works as much as we they want to and everyone helps the end product be a little better. There are some guidelines in place – people can’t just leave and continue to own equity – but for the most part it’s flexible. My hope is to build the kind of business I’d want to be involved in while continuing to be retired.

That will mean leaving money on the table, not putting in mad hours to hit deadlines and pick up the slack at times for others. It’ll also mean others sometimes picking up my slack as well – and that’s the important part. We’re all working together.

This is still new to me, but it’s been exciting to work on! If you’d like a sneak peak while we’re building it, you can join Hardcover today with invite code “minafi”. Just keep in mind it’s still very rough, and we have a few months to go before it’s a full replacement for Goodreads.

#2 Don’t Use the 4% Rule to Decide How Much You Need

Stock markets are up in both 2020 and 2021 – despite the biggest disruption to society and industry since the Vietnam War. Just look at $VTSAX, Vanguards Total US Stock Market index fund.

It has grown 26% in the last year – and 20% annually over the last 3. With 16% growth over the last 10 years, it’s almost doubling its overall rate since inception. While a correction could happen anytime, that’s not what I’m referring to when I say “Don’t use the 4% rule”.

The 4% rule assumes you know everything about your current and future spending. That’s an impossible task. It’s not that it’s hard, it’s that it’s actually impossible.

Instead, what I recommend is calculating your financial independence with options number – your FIO number. This takes into account both what you’re spending today, as well as more potential futures. Even this isn’t a silver bullet.

One thing I realized this year is that I reallllly don’t want to go back to work. It’s to the point where I’d cut out almost any spending to avoid it and stay retired. This aversion to going back to work is one reason I’d recommend people stay in their jobs a little longer to reach a 3.5% WR, a 4% WR with your FIO number or even a bit more. Not because a 3% is “super-safe”, but because it’s hard to imagine what you’ll spend money on later and having that flexibility to spend more later is nice.

How difficult it would be for you to get a similar job when you stop working should be taken into account. If you’re going to lose your law or medical license when you stop working, then it makes sense to save up a bit more now for the future.

If you’re a person who enjoys making money online as a hobby, then you could retire with a little less (I’m looking at you Kitty). When you do you leave your job just assume it will be difficult to restart it. Maybe it won’t be and you’ll be pleasantly surprised.

#3 I Enjoy Slow Days More Than I Thought I Would

My wife left her job in January of 2020. We had big travels plans in mind. We didn’t need to plan around limited vacation time, arbitrary 2-week limits or syncing up calendars. We could just go.

Of course that didn’t actually happen. We scrapped our 3-week Taiwan and Seoul trip scheduled for April 2020 and got used to spending time in our apartment. At first I felt down about this. I finally had a chance to explore the world without time limits, but suddenly travel was off the table.

We switched from working out of coffee shops, going grocery shopping a few times a week and eating out to doing all of those things from our 2-bedroom apartment. We’re fortunate to live in Salt Lake City where there are hundreds of hiking trails within 30 minutes of us, so we were able to spend a lot of time outside. But when we were done it was just back to home.

Adam at Sunrise point in Bryce Canyon National Park
Adam at Sunrise point in Bryce Canyon National Park

We’ve taken a few trips since then – my favorite of which was a road trip around Utah & Arizona National Parks in December of 2020. Winter is an amazing time to go: fewer people and cooler weather.

Most of the last year hasn’t been nearly as glamourous. My days now typically look something like this:

  • Wake up between 8am and 10am without an alarm.
  • Have coffee and breakfast in bed while checking my phone or reading.
  • Take my dog on a long walk (my wife and I switch off).
  • Do some programming or play a game (I can’t neglect my Stardew Valley Farm).
  • Have lunch.
  • Do some tidying up around the apartment.
  • Go for a run 3x times a week. Usually a 5k with some uphill that’s equivalent to a 120 story building.
  • Do some programming or play a game (I can’t neglect my Stardew Valley Farm).
  • Make dinner or order delivery with enough leftovers for a few days.
  • Take my dog on another long walk (my wife and I switch off).
  • Cuddle up and watch a movie in bed.
  • Scroll through some social media.
  • Maybe make a cocktail, enjoy a beer and relax.

That’s a typical day. That’s assuming no errands, no social commitments, no emergencies, and no holiday preparation. It’s not all hiking around Salt Lake, hanging out with friends, or travel. Most of life is just this – staying at home and enjoying life.

And that’s what I’ve come to enjoy. The above day isn’t going to get a lot of likes on social media, but it’s been amazing. It’s a slower pace of life, with time to create, time to maintain, time to deepen relationships and time to build new ones.

Now I look forward to these days! I can hardly believe the schedule I used to follow:

  • [6am-7am]: Wake up at 6am and write on Minafi for an hour.
  • [7am-7:30am]: Walk our dog (we trade off).
  • [8am-9am]: Take public transit to work 8am-9am.
  • [9am-4:30pm]: Work.
  • [4:30pm-5pm]: Public transit to the gym.
  • [5pm-6pm]: CrossFit
  • [6pm-8pm]: Travel, walk our dog, shower, make and eat dinner.
  • [8pm-11pm]: A combination of relaxation, errands, new projects and everything else.

Looking at that now it’s insane. I have more free time before lunch than during the entire day!

It can be a little scary not knowing what you’ll spend all of your time doing, but give it a try. Maybe you’ll find new things you enjoy. Or maybe the slower pace will give you a chance to see things you missed.

#4 I Spend Even Less Time Optimizing My Investments

While working I tried to tweak my investments a lot more. A three-fund portfolio has made up 80%+ of my portfolio since I began investing. Earlier on I experimented more with that last 20%. I invested in some individual stocks, “tilted” my portfolio by including small cap or other mutual funds, and looked for ways to get that extra 1% a year.

While this was a great learning experience, I had one big takeaway: I was doing a lot of work for very little gain. Sometimes this would result in a larger than expected return due to speculative investments, but usually it wouldn’t impact the bottom line too much.

Basic diversification goes a long ways:

Since then I’ve returned to a basic 3-fund portfolio plus a little bit in REIT funds, some dividends from bonds and a slow transition from VTSAX to ESG funds by changing where dividends are reinvested. Now my focus is more on keeping it simple, holding long term and spending the least amount of time making changes.

#5 My Political and Social Views Have Polarized

I suspect this one is less about early retirement and more a reaction to events of the last few years. In just the past few years my views have migrated:

Liberal -> Democratic Socialist/Progressive – Think Finland, Swedan, Denmark. These countries are still capitalist, but try to level the playing field to make the game of life less dependent on who you’re born to. Caps on raising rent, providing basic necessities, protecting people from corporations, negotiating drug prices, providing infrastructure, making voting easy and so much more. I wouldn’t be surprised if at some point we move to one such country.

Van Gogh break

Bitcoin is neat -> Bitcoin is evil – I bought some bitcoin when it was around $1. I sold it as a few bucks. I’m not bitter about it though. 😅 I still think the blockchain is great, but the implementation of it for Bitcoin taking up as much power as Switzerland to provide only a tiny bit of the transaction volume that Visa offers is crazy to me. This at a time when global warming could reshape the world feels like having a bonfire on a sinking ship. I think there are great parts to the blockchain, web 3 and decentralized computing. Between high energy use, rampant speculation and hype a lot of it just sucks.

Landlording is a way to retire early -> landlording prevents upper mobility in renters – Ok, not all landlords are bad. I mean the concept of landlording as whole is generally bad for society the way it’s implemented here in the US. I’m not against renting – I’m a renter myself. I love not needing to worry about every little thing. What I’m referring to isn’t that. It’s the price of housing being so high that people need to rent. Between NIMBY communities, single-family home districting, foreign investors and the rise of Airbnb, the amount of housing just isn’t keeping up. Now I think both of these are true (way to retire early AND generally bad for society). I support candidates that help lower the prices of housing in any way.

Republicans have different opinions -> republicans are traitors – There are some republicans who I’d still count under the “have different opinions” group, but they’re few and far between. When most of the US house votes not to certify an election on a lie, or when not single senator and 210 out of 220 house representatives vote can’t vote for voting rights, it’s clear: these people are only there to stay in power and not to help people. There are democrats in the same camp who I also don’t support. But when 98% of one party is against free and fair elections that’s a big problem. I’ve had many conversations with republicans in the last year, including a bunch while volunteering before the last election. Some are up for having in depth discussions about our differences. Too many others have clearly declared they don’t care about other people (masks, vaccines, taking away rights, gerrymandering, etc) and I’m not going to waste my time on them other than opposition at every turn. (side note: I don’t need to hear comments from “good” republicans unless you’re contacting your representatives and holding them accountable).

Billionaires must have done something right -> billionaires shouldn’t exist – There are many reasons why the US doesn’t have social programs of other countries. We don’t have universal healthcare, maternity/paternity, free college, a minimum wage that’s kept pace with inflation (did you know the minimum wage would be $28 today if it had?). Billionaires aren’t the only players fault for this, but they’ve certainly drained resources that could have gone to people that actually need it.

While I’m generally not optimistic about the US taking steps towards a more fair and just society, the thought of not pursuing it – and just giving up – is far more depressing. As with all things, none of these are black and white. There’s always a case – theoretically or practically – that disproves the statements above.

#6 Have a Project to Devote Your Time

I mentioned this in Retiring Early Isn’t for Everyone. If I don’t have a project that can fill all of my available time then I go a little crazy.

This doesn’t need to be a long-term project like Minafi or Hardcover. It could be planning a trip, organizing a game night, or researching gear for hike. During 2021 one of my projects was to run a marathon – which I did in July after hundreds of hours of training.

Planning my Highline Trail hike was as fun as the hike itself

I love pointing to goal and figuring out how to get there. Many goals I give up on before I make it, but that doesn’t discount the effort put in. Although I might not ever become fluent in Japanese, spending a bunch of time learning kanji is something that I enjoyed a lot over the past 2 years.

This isn’t a recommendation for everyone, but if you’re the kind of person who always needs to be working towards something (like me), then spend time deciding and planning out what your next project will be.

#7 Relationships Need Energy

For a lot of my life I’ve spent a lot of time on personal development. Journaling, self reflection, and planning have always been one way I’ve organized my thoughts. This results in lots of lists: goals, local bucket lists, my beliefs, and pretty much every post here that’s not all about investing.

This year marked a shift in that – from doing this entirely by myself to doing joint exercises with my wife. This started from a couples retreat my friend Gregg organized. We spent two days going through John Gottman’s “Art and Science of Love Workshop” with an instructor. Considering that we’ve never done any couples therapy (and I’ve only done ~80 hours of therapy my own), most of this was all new.

Not a bad setting for a retreat

We left this retreat with a bunch of things to try to deepen our relationship. The organized list side of me loved having concrete ways of handling complex situations. Two of these stuck with me and have helped communication between us a bunch:

Have a weekly “State of the Union” conversation with each other. This is a repeating chat to check in with each other. The format is simple:

  • Each person shares 5 things they appreciate about the other.
  • Each person talks about what’s going right in the relationship.
  • Talk through or process a regrettable incident using one of the conflict resolution frameworks.
  • Share how your partner can love you more in the next week.

Short and sweet. Processing a regrettable incident can take a while, but we’ve always felt so much better after those discussions.

The other framework that stuck with me is the “after the argument” discussion. The idea is for both people to share how they were feeling in the moment with a play by play of the argument. After each person shares, their partner repeats back what they heard. Next is a chance for discussion of what parts of the argument triggered memories of the past, taking ownership and discussing preventative planning.

Marilyn and I have been fortunate so far in our almost 16-year relationship. We don’t want to take that for granted by assuming everything will always be great.

Year 4?

The next year of early retirement looks a lot like the previous two. We renewed our apartment lease for another year, meaning we’ll be sticking around in SLC until at least January 2023. Thanks to COVID, our international travel plans are on hold still. If restrictions and cases decrease enough we might end up planning something (maybe for my 40th birthday – we’ll see).

We do have some things planned for 2022. We’re volunteering at the Sundance Film Festival, going to Disneyland, spending some time in Seattle with friends and possible getting a cabin together somewhere off the grid for a week away. It’s been a lot less stressful to plan events away from society that aren’t dependent on COVID fluctuations or shifting travel restrictions.

While I don’t plan to go back to “work” in the next year, I’ll keep spending time writing here on Minafi from time to time, building up Hardcover and spending time with friends and family. I’m sure I’ll do another recap next year too. 😉

My Doomed Adventure Hiking the Highline Trail

Written by Adam on October 24, 2021. Updated January 8, 2023.
19 min read. Minafi, Personal, Travel, Spotlight. 2 Comments

In July of 2021, a friend of mine reached out with a simple question: “I’m thinking of hiking the Highline Trail in August. Want to join?”. I immediately responded, “Yes! I’ve been wanting to hike it for years!”. At that time I absolutely did not know what I was getting myself into.

If you’re unfamiliar with the Highline Trail, you’re not alone. It’s less popular than the big three hiking trails in the US (The Appalachian Trail, The Pacific Crest Trail, and the Continental Divide Trail). The Highline Trail sits in eastern Utah and travels 101 miles across the highest parts of the Uinta Mountains. This mountain range is the only range in the US one to run east to west rather than north to south. The trail is only open from late June after the snow melts to October when it comes back. It’s best hiked in August/September after the bugs have died down.

I had a physical map as backup in case our phones failed.

The most unique thing about the trail is that it’s almost entirely at 10,000 ft elevation and higher. At this height bears, predators and insects are rare, but altitude sickness, dehydration, and sudden thunderstorms are the biggest risks. This is also a lightly traveled trail with few exit points and no cell service. If you run into an emergency, you’ll need to get yourself out of there on your own or use a satellite device to call for help.

The elevation gain for the trail on AllTrails says it is only 18,000 ft, but that feels like an extreme underestimate. Since the trail is typically hiked in 7 or 8 days, let’s just say the real elevation gain is somewhere between 2,000 ft and 5,000 ft gain a day over 12 trail miles (or 15-18 actual miles according to my tracker).

Having watched countless YouTube videos of people hiking long trails, this duration didn’t seem too bad – at least for a week. I’d be in pain sure, but it didn’t sound like anything I couldn’t handle. What I didn’t anticipate was how much the high elevation could play a factor. Here at home in Salt Lake City, we’re already at 4,500ft elevation in our apartment. How bad could another mile up be?

Why Hike The Highline Trail?

I grew up camping. We lived in Florida, and both of my parents had a “no camping in Florida” policy after a mosquito invasion during a trip to the Everglades. Our camping trips were over the summer when we’d load up our Ford Taurus and hit I-75 north out of the state. North Carolina and the Great Smokie Mountains were our most common stop, but we also camped in every state along the East coast, and even into Canada. Once we strapped a canoe to our roof and drove from Florida up to the waters north of Michigan for a week-long stay alone on a Canadian island with 5 people in a car.

As a kid under 10, I loved these trips. This was the late 80s and early 90s before The Internet was a thing to spend time on. My summers would have otherwise been spent playing with friends, replaying NES games or collecting baseball cards. Getting out and being able to explore around those campsites, or follow along a small river and see where it went was far more fun at that age than anything else.

Even though I spend more of my time indoors now than when I was a kid, there’s something about camping that still reminds me of those trips. Just being outside, building a fire, and dipping my hands in frozen creek water brings it all back.

One thing my parents instilled in me growing up was a fascination with exploring the area where we lived. That started with biking through every street in our neighborhood. Later on that became road trips around all of Florida’s coast – Panama Beach to Key West and back up to St. Augustine. When we finally left Florida, there was almost nothing in the state that I wanted to do but hadn’t (Side note: I still want to go on a bioluminescence tour, get pancakes at Sugar Mill and go snorkeling at Dry Tortugas National Park).

Since moving to Utah I started a local bucket list. This was a way to stay sane in 2020 when air travel wasn’t possible. Most of the things on this list – including hiking the Highline Trail – were still possible during a lockdown.

One of my top reasons for doing this hike was for the grant views from the mountains. From my research on this hike, much of it is above the tree line allowing for sprawling vistas so far away from society you can’t even see it.

Preparing for a Long Hike

Switching from car camping to backpacking was the next logical step to appreciate and explore more parts of the state that are otherwise inaccessible. Over the last 3 years I’ve slowly build up my backpacking gear. One of my favorite places to get gear is at REI’s yearly garage sale, where you can get great items 75% off if you’re there early.

The best way to test your gear is of course to actually go out backpacking on overnight trips. There are a few overnights here in Utah that I absolutely love and would recommend:

Three Divide Lakes Loop – An easy, short 5 mile total hike to a beautiful lake. With only 500ft elevation gain, this is a great introduction to backpacking.

Grove Greek to Battle Creek Loop – This is my favorite overnight hike. It’s under 10 miles, close to the city, a loop trail, has springs and a river, great views of the city and even has cell service at the camping spot!

Naturalist Basin Trail – This beautiful 15-mile trail in the Uinta Mountains is generally done as a 2-night hike. It starts with a hike up to a lake where you camp for the night. You can leave your tent there and explore the basin area on the second day before hiking out on day 3.

The point of all this is to test your gear and determine if you really want to go for a long hike. Going for a 5-month Appalachian trail hike takes a lot of working up to. In my case, a 2-night trip was good preparation for a week-long hike – or at least that was the thought.

Gear

Preparation will make or break your hike. You’ll need to carry all food and gear for the entire hike from the start. If you forget something you’re out of luck.

To help with planning, I’ve been actively reading the /r/ultralight subreddit for the last few years. This is a gold mine for hike preparation. Hikers post their gear lists and get feedback in order to dial in their gear and lower their weight. It gets to the point of obsessive – recommendations to drop a few ounces of weight here or there. For a short hike that weight won’t make much of a difference. For a long hike you’ll be happy with every ounce you cut.

I started planning out my gear for the trip and ended up organizing it on Lightpack, a super-useful site for helping plan out what to carry. I settled on a total bag weight of about 37 pounds – with 8 lbs of that being water for the first 15 miles where water is in short supply.

My gear for the Highline Trail

This seems like a lot, but it’s actually not. Almost all of this is a few big things: tent, sleeping system, food, stove and water. The rest has almost no weight, but is essential for having a good hike. Food too starts out at 9 pounds, but will be reduced by more than a pound a day.

Afternoon candy bars made every day better.

Looking at it all laid out, it doesn’t look like much for a week. Most of the table is food. I used some pre-packaged meals, some ramen, salami and cheese and a can of PB&J with thin sandwiches. The goal was to mx it up so I’m not eating food in bar form all day long.

My pack all loaded up.

After getting some feedback from other hikers we were ready to head out!

The Hike

On Saturday, August 21 2021 Mrs. Minafi drove my hiking partner Max and I four and half hours out to the trailhead! We decided to hike the trail from east to west – starting lower and ending higher elevation wise. This seemed to be the most common route to go.

Along the way there are a few different trail markers to help you stay on course. Sometimes the trail is obvious, but often there are no signs for miles. The three most common markers were the orange diamond, cairns and the letter “i” carved into a side of a tree.

In the densely wooded areas the trail is well established. Above the tree line it’s less clear, with cairns as the only markers. I’m used to looking at AllTrails nonstop to make sure I’m still on trail, but that wasn’t an option here if I wanted to keep my battery alive for 8 days. I often tried to see how far I could go before glancing down at my map to make sure we were still on course.

Day 1: Trailhead to Lonely Meadow (11 miles)

We started around noon and wanted to see how far we could get. At the 4-mile mark we reached the East Park Reservoir – the last chance to get water for 15 miles. We hunkered down for lunch here (Salmon, salami, cheese and Twix) before continuing on.

East Park Reservoir

If I were to do this hike again, I’d camp here for the first night for a few reasons. It’s close to water, it allows more time for altitude acclimatization and it wouldn’t tax our body quite as much.

But at this time we were still fresh and excited to hike! We kept going another 7 miles.

A well worn area of the trail
A slim trail through a meadow.
My camping setup for the first night
My camping setup for the first night
The meadow we camped in the first night.

After 11 miles we were tired, but not exhausted. We crossed our fingers and hoped to find some water in the meadow. We found some, but it was standing water that many animals were using as a water source. To play it safe we stuck to filtered water that we carried in.

During this first day we didn’t see a single other person. We were still relatively low altitude wise – between 8,000 and 9,500 feet.

That first night was rough. Between heavy wind and rain we realized it wasn’t a great camping spot. We’d picked a spot just off the meadow behind some trees. Unfortunately the entire meadow became a wind tunnel at night and the trees didn’t help. Next time we’d move farther away and camp in the forest.

Day 2: Lonely Meadow to Leidy Peak (18 miles)

When we woke up it was cold. It dropped down to the 20s at night. The last thing I wanted to do was get out of my sleeping bag and take down our camp. We decided to wait until sunrise (7am) and get up then. It was a later start than we planned, but we were able to get going by 9am.

A few miles in we ran into our first hikers – a pair of guys in their 60s who were moving fast and passed us. Over the next few days we’d go back and forth passing each other.

Our lunch spot – starting to gain some elevation

After lunchtime we made it to the next meadow – one that we hoped would have water. We walked down to the lowest point and ran into a couple hammock camping. They assured us there was flowing water hidden farther down in the meadow. While we were filling up our water we ran into 4 bow-hunters on the lookout for elk that surprised us out of nowhere.

Water in the 3rd meadow.
The larger 3rd meadow was filled with cattle

As we continued on we were passed by a few other hikers – a couple in their 20s that flew in from Connecticut, a solo woman in her early 20s going solo and trying to speed hike.

We setup camp just before Leidy Peak close to a river. Leidy peak is the first time you get to 12,000 ft elevation on the trail and we knew that there wouldn’t be a chance to camp for a while after that.

Hiking 18 miles in no joke. It took us 10 hours, with a bunch of stops along the way. I was winded, but knew I had a bunch more energy in me. We’d often take a break for 5 or 10 minutes, strip off our shoes and socks and sit in a position where our feet were above our heads. This helped my feet feel refreshed – at least for a few minutes.

Half way through day two the problem started. I had a small blister on left pinky toe, but nothing to be concerned about. I wrapped up with some tape and kept on hiking. It hurt, but it was just a blister, right?

Once we reached camp and I got my shoes off I took a look at my toe. It was bad. Like horror movie, emergency room bad – at least that was my gut reaction. The tape I’d placed on my toe had somehow led the entire toe to become a one way street where blood was getting into it, but not back out. It had grown in size and now looked like a small blood balloon (aren’t you thankful I didn’t take a picture?).

I disinfected and heated up a small safety pin and drained it – hoping things would be better tomorrow.

Day 3: Leidy Peak to Chepeta Lake (16 miles)

This was the first full day of real alpine hiking. Much of the day was above the tree line with beautiful vistas in every direction. We left by 8 AM because we knew this was going to be a long day.

The first 5 miles or so were a struggle. Leidy Peak has 4 different trails around it, which makes it difficult to navigate. We ended up doubling back, taking a different trail, then going back to the original one – a decision that cost us a few miles and a lot of morale. If we were doing this trail again, we’d take the route north of Leidy peak instead. The older hikers started that trail after us and got past the peak before us.

Soon after though, we were rewarded with some of the most beautiful sights I’ve ever seen. These pictures don’t do the views justice.

Looking out after Leidy Peak
Hiking downhill to the lake… then back up.

Immediately after the peak, we headed back downhill to the next lake. We could already tell we were walking into a dead end and there’d be a steep climb in our future to get over it.

Luckily we spotted some snow melt coming down which gave us a chance to top up on water.

Most of the rest of the day was more up and down. We’d spend an hour getting over a pass, an hour back down – repeat.

When we finally got back down to the forest we were happy to give our feet a break from the rocks. That’s something I didn’t think about going into this. You’re mostly walking on rocks at high elevation. That means the forces on your feet aren’t going to be uniform or cushioned.

After a tasty lunch lakeside, we started approaching Chepeta Lake. We knew were close because we saw an actual road – the most established one yet!

Chepeta Lake itself was… a bit of a let down. Due to lower snow levels over the past few years, the lakes water level wasn’t what it once was. We found a beautiful campsite right by the lake and hunkered down there for the night.

Chepeta Lake
Chepeta Lake

As we settled down for the night we were both exhausted. 11.5 hours of hiking and 16 miles is a long hike any day, but 16 miles at 10,000+ ft elevation and over 5,000 ft of elevation gain while carrying 30+ pound packs is no joke.

When we finally got our tents setup and had dinner I was feeling OK. My toe was in pain, but it wasn’t much more than yesterday. I’d also developed some chaffing between my thighs which made every step uncomfortable. Add to that choosing underwear without enough ventilation and things weren’t very comfortable down there.

My hiking partner Max was feeling a lot worse. He had some blisters which were causing him trouble while also suffering from stage 1 altitude sickness. Looking back we both were even though I didn’t know it at the time.

That night was rough. I’d gotten 5-6 hours of sleep for nights 1 & 2, but this night I barely got 1 hour. I had a headache, I was cold, my thighs hurt, my toe was getting hot and I could feel every heartbeat through it. Add to that needing to use the “forest” in the middle of the night in 30 degree weather and it was more about making it through than anything else.

Day 4: Chepeta Lake to Salt Lake City

At about 1 AM while lying awake and uncomfortable I had a realization – what if I leave tomorrow? Can I do that?

There are very few places to leave The Highline Trail – East Lake Reservoir, Leidy Peak and Chepeta Lake were the only 3 “roads” in. I say road in quotes because it’s a 2 hour drive from the closest town up a rough mountain trail that requires vehicles with high clearance.

I pulled up my phone and checked out Google Maps. I’d downloaded offline maps for most of Utah, and checked how far the drive was from our apartment to the Chepeta Lake trailhead. Turns out it would be a 5 hour drive – with the last 2 hours being unpaved mountain roads without cell service.

After tossing and turning with the decision, I eventually was honest with myself: I don’t think I should continue. Aside from altitude sickness and a growing thigh friction rash, my toe was getting worse. It was as if when my toe filled with blood it became a cocoon. Once drained everything ended up different places – included a detached toenail and a swollen toe. It wasn’t a flashy painful injury, but it was enough to make every step for the next week more complicated.

This was one of the hardest decisions I’ve ever made. I felt like I was letting down my hiking partner, and myself all because of a single toe. Looking back on this decision it was so much more than that. Hiking another 55 miles in that pain would not have been a fun or enjoyable hike. What’s the point of doing this hike if I’m going to be in pain every day?

Max had brought a Garmin InReach Mini – a bright orange satellite device which allowed us to send text messages back to our families. As soon as the sun was up I used it to contact Mrs. Minafi and see if she could pick me up.

The Extraction

Within a few hours she had rescheduled her plans for the day and dropped everything to drive 10 hours (total) to come and pick me up. That’s like driving from Boston down to North Carolina – it’s a long drive. It would take her about 5 hours to get here, which left me with a lot of time to just wait around, dry my gear and contemplate my decisions in life. 😅

The next big question? Will my hiking partner go with me or continue on? There would still be at least 5 more days of hiking to reach the end of the trail. In that time there would be one more extraction point (via car), but it’d be over a few mountain passes – meaning that in order to even make it to those spots they’d need to have the stamina to go up and back down.

Over the next hour or so I tried lightly to convince him to join me in heading home today. Although he’d been feeling down the night before, he woke up in good spirits and ready to continue the hike.

After an hour of thinking about it, he decided to keep going – with the intention of leaving at the next trailhead if something went wrong. I offered to carry anything he wanted to shed, and gave him a some of my Ibuprofin and other first-aid that I had leftover.

What happened next was a lot of waiting. He took off for the day and continued hiking, while I waited around at the trailhead. In some ways this was the hardest part of the entire hike. He had the satellite device to contact the outside world. That left me at a the trailhead cutoff from society.

Fortunately, I wasn’t always alone. The trailhead had a single outhouse, and a parking lot. During the hours I was there about 10 cars came or left – mostly hunters out for the day bow-hunting. A bunch of Highline Trail hikers – I’d guess about 15 over the course of the day – came through as well. For each I offered to carry out their trash, which ended up making people smile in a way it’s hard to describe for someone who’s never carried their own trash for 100 miles.

A beautiful waiting room

The area around the trailhead was still absolutely beautiful. I spent a bunch of that time listening to the river flow, filtering and drinking water and eating some of the extra candy bars I’d brought with me.

The most gut wrenching part of the wait was that if my wife ran into any car trouble making it up here I wouldn’t know. She wouldn’t be able to contact me beyond a point, and I wouldn’t be able to receive any contact for the hours waiting.

According to Google Maps it should take her 5 hours to get here if she left when she said. That would mean she should get to me by 2pm. The future-worrier in my already started planning out worst case scenarios. If she’s not here by 3pm what should I do? 5pm? Should I camp here tonight if she doesn’t show? Or should I try to hitchhike back to town? Maybe I’d see her on the road up broken down.

All of that worry ended up being useless. She showed up at 2:05pm – just 5 minutes after offline Google Maps predicted. I was at the exact spot I said I’d be, which also helped relieve her after an odyssey to get here that I’d soon learn about.

Mrs. Minafi and I at Chepeta Lake

Turns out the road up is not great. The last 2 hours are rocky dirt roads along cliffs. When I commented on how had the road was, she mentioned that this was still the “good” part.

She’d mapped directions to a local urgent care in a small town, and we headed straight there. This was my first time at any kind of medical facility since before COVID. Looking back, I’m extremely glad we went to a small town place rather than the busy hospitals in SLC.

Within a few minutes we were checked in, evaluated, my toe was cleaned up (I’ll skip the details, but a scalpel was involved), bandaged with some special gauze that never gets dry, given an antibiotic to take home and we were ready to drive home. The entire visit took under an hour.

Mrs. Minafi drove the rest of the trip home, with only a stop by In-n-Out burger to pick up dinner before returning home. The entire time I was feeling guilty about inconveniencing her with this emergency extraction – something she very kindly and repeatedly reassured me was no trouble and that she was just happy I was OK.

It was one of those moments when I realized when I asked for help as a kid my mom would often make my feel guilty about it. Just one of those fun adult realizations from reading books like Adult Children of Emotionally Immature Parents.

We made it home safe, had one of the best showers in my life and slept for the next week.

What About My Hiking Partner?

His story is his own. I will say he made it back safely to Salt Lake City. He continued on for another few days but eventually altitude sickness hit him hard. That was difficult to anticipate and realize at the time. I was expecting altitude sickness would feel much more obvious. For him it got to the point of feeling lightheaded just walking around – which is a big red flag to get the hell out of there. He did, and he made it home safely to his wife.

What Would I Change?

Even though I didn’t complete the entire trail, I’m still glad I did it. I managed to hike about 45 miles out of 101, while my hiking partner made it closer to 65 miles.

Cut More Weight 🎒

At 30lbs base weight, I thought I’d cut my weight enough. Honestly I should have tried to bring it down to 20lbs. That might have meant replacing a few things: switching from a sleeping bag to a quilt, trimming weight from my cooking setup, not bringing 2 batteries, optimizing my food and a few other things. Less weight means less calories to eat, less wear on your feet and a less effort each day. Even if you’re feeling strong at the start, when you’re climbing over rocks at 12,000 ft all day you’ll wish the pack was lighter.

Simple Food 🥫

I tried to bring food I liked that would give a bunch of variety. During the hike though, I honestly didn’t care what I ate so long as it provided calories. Knowing that, I’d reduce my food options and focus on caloric density. Get more meal replacement bars for lunch. Switch to 1,000 calorie pre-packaged camping meals. But still keep the candy bars, because those were 🔥.

Better Shoes 🥾

The one that did me in. The hiking shoes I wore I’d been using for 3 seasons. They weren’t the most comfortable, but they’d served me well on a half dozen backpacking trips. On some of those trips I’d had small blisters but nothing serious. The thing is though, if shoes give you a small blister on an overnight hike, they’re going to give you 10x that on a longer hike. It’s best to get to the point where you’ve worn in your shoes, and you’ve confirmed they’re not giving you any blisters.

Set a Start and End Time Each Day 🕐

In order to complete the hike in the timeframe we planned, we needed to hike around 15 miles a day. That meant that we were going longer and farther than our bodies wanted to go. Leaving camp at 8am and setting up camp at 7pm wasn’t sustainable for me given all of the other variables (altitude, elevation, feet). A better approach would have been to set start and end times for each day. For example: we’ll leave camp by 7:30am and start looking for a place to camp at 3:00pm. Wherever we are at that time is where we’ll camp.

Would I Complete the Hike?

Probably not. I wouldn’t rule it out if I was with a larger group of hikers I trusted and were around a similar fitness level as me. When I got back from the hike I did realize that I don’t enjoy long periods away hiking.

As much as I love the wilderness, and can enjoy seeing someone share their hiking journey on social media, I prefer the 1 or 2-night backpacking trip instead. It still allows for getting out into nature, appreciating nature and disconnecting from society. I can do that without needing to push my body to its limits, or need to be rescued.

I’d consider going back to hike Kings Peak as a standalone hike. Kings Peak is the highest point in Utah, with it’s peak just 0.5 miles off the Highline Trail. It can also be hiked as an overnight trek from a trailhead. Doing that one next year sounds exciting.

But for the rest of the Highline trail itself? I’m OK with not completing it. This hike helped me realize the kind of hiking and camping I do like. It’s 1 or 2-night trips with friends, where we can hang around the campsite, build a fire and enjoy each others companies. It’s the kid where we can slowly watch the sunset over a lake with some hot chocolate we packed up. It’s the kind that reminds me of camping as a kid. That’s the kind of camping trips I’ll be doing more of in the future.

Startup FIRE

Written by Adam on September 11, 2021. Updated January 8, 2023.
7 min read. Personal, Financial Independence, Minafi. 11 Comments

When I left my job almost 3 years ago, I had a bunch of things lined up to do. I had a list of goals, I had Minafi to continue working on, and a whole new state to explore (Utah).

What I didn’t realize at the time was how much I longed to use the skillset I’d developed during my career. The difference was I wanted more control of what I spent my time working on. As a software developer turned product manager who also loves to create content, I tended to eschew mastery in favor of being a jack of trades. I very much prefer being able to take a single idea to completion than to require coordinating multiple people to get there.

[Read more…] about Startup FIRE

Minafi Summer Break, Life & Goals Updates for Q2 2021

Written by Adam on July 4, 2021. Updated January 8, 2023.
11 min read. Canonical, Personal, Goals, Travel, Blog, Minafi. 9 Comments

You can tell I’m not optimizing this post for SEO by the amazing title. ? Instead this is more of a life update. At the beginning of this year (and every year) I decided to set a few goals and themes for 2021. This is an update on how these are going and everything else I’ve been up to lately.

Me waking up to snow during a hike (more on that later)

One of the reasons I write these is to share what a FIRE lifestyle can look like. If you’re new here, we’re an upper-middle class couple (no kids) who retired early at 36 spending roughly $80k a year. We live in an apartment with a lovable pup that just turned 13 years old last month.

With that out of the way, let’s take a look at what I’ve been up to!

Minafi Summer Break

Let’s start with the big one. You may have noticed I haven’t exactly been actively posting lately. Back in late April I decided to take 3 months off from Minafi, planning to come back in August.

Big news: I'm taking a summer break from Minafi! ☀️

I've been programming a bunch recently and it's reminded me how much I love getting pulled into code and completely losing track of time.

As for what I'll be doing (thread) ?

— Adam @ Minafi (@minafiblog) April 29, 2021

Because I just can’t help but work on something, this pause was so I could put 100% of my mental energy into a new problem. In this case it was starting a new startup – one that I’d been thinking about for more than a decade.

The startup? Hardcover. An alternative to Goodreads that allows you to track and discover new books that’s not related to Amazon. I read or listen to over 100 books a year (ok, mostly listen), and Goodreads has been essential in tracking, understanding my habits and helping me learn my own preferences. There’s something to looking back and seeing what books I’ve loved that help me more accurately find new favorites.

So in April I posted on Reddit looking for a UI/UX designer to work on this idea with. We formed a team and started researching out the idea! The progress of the site has gone something like this:

  1. Form a team. We started with a team of 5, went down to 4 and are now up to 6 people.
  2. Create a hypothesis. Decide what type of user we’re attempting to connect with.
  3. Talk to those users. We talked to about 15 users to understand how they’re using Goodreads, and if they have issues with it (which most did).
  4. Create a prototype. Based on the common problems users brought up, create a prototype that solves those while taking into account their most common use cases.
  5. Discuss the prototype with users. Go through this prototype with users! This is one of the most fun steps to be honest. It’s sooo nice doing this with a prototype because I’m not attached to the solution. If it doesn’t work, we can still change things before programming it.
  6. Build it. This can be started at the beginning – creating a login system, loading in books, etc – but the building of the individual pages can’t happen until we understand how users interact and respond to our prototype.

This is the process that I followed for years in some way or another as a developer, but then much more dogmatically as a product manager in the last 5 years of my career.

In high school and middle school I was always the quiet, introverted kid. I wasn’t one to start conversations and honestly didn’t have much to say. It was only when I switched to Product Management that I realized I love to talk! It just depends on what we’re talking about. Talking to someone about something I’m passionate about? I can go all day. Books are one topic like that for me, while FIRE and investing are others I can go all day about.

In talking to potential users initially, we found that people tend to use Goodreads foremost for two things – looking up books when someone mentions them and tracking what they want to read. Other features like reading reviews, seeing what their friends are reading and tracking what they read were up there as well. That left about 8,355 other features on Goodreads that weren’t mentioned once.

Not all ideas we had were gems from the start. We had an idea for an upvote/downvote system for each book if you liked it – similar to Netflix and Youtube. This makes algorithms easier. When we showed this to potential users they hated it.

We quickly realized we’d need something more for people to be able to represent how much they enjoy a book (and why it all comes back to rating systems). We’re getting ready to test a new idea that uses both. Something that allows readers to communicate a lot more information about how they feel about this book and have it impact future recommendations in a way different from the traditional approach.

An example I’ve been using for this is “The Diary of Anne Frank”. I still remember how emotional and impactful that book was even though I read it in high school. I’d no doubt rate it 5 stars. But do I really want my recommendations to have more books like that? Probably not. I’d rather seek out those emotional journeys on my own. In that case I’d say I don’t want more books like it.

We’re still experimenting with this idea, but I’m seriously excited about it.

This project is still in the early stages, but I’ve been programming away on it most days when I’m not doing user interviews (side note: thanks to A Purple Life for being the very first user interviewed both for the voice of customer and the prototype chats!). There’s a lot more we want to do, but I’ve been blogging over on the Hardcover blog with progress along the way.

If you’re a reader or audiobook listener interested in book tracking or discovery, I’d love to talk to you! Whenever we’re looking for people to talk to we first reach out on the Hardcover mailing list. Or if you’d rather reach out I’m adam at hardcover.app.

Vaccinations & Trips!

I can barely believe that it’s only been in the last 3 months that we got vaccinated and began traveling again. We got our shots as soon as we could schedule them here in Utah – even though that meant driving 45 minutes away to a more rural Fresh Market.

COVID Vaccination

Both shots were uneventful. We sat in the very tiny pharmacy section of a grocery store, got our jabs and then headed home. The second Moderna shot was the exception. I developed a fever, aches and pains for a few days and didn’t want to do much of anything. It resolved as quickly as it came on.

Now that we were finally vaccinated, we realized we can actually go out in public again and feel (mostly) safe. We continue to use our masks if we’re in communal indoor places. We ate inside at a restaurant for the first time in mid-May for my birthday. It felt fun but I was exhausted by the overwhelming noise and activity. That’ll take some getting used to.

We ended up taking 3 trips (!) during this time. None of them are what I’d call “high risk”.

Park City Birthday Trip

The first was a 3-night birthday getaway to Montage Deer Valley near Park City for my birthday. Imagine the place from The Shining, but not creepy. It’s a beautiful mountain getaway. We enjoyed delicious meals there, local hikes, room service and even snorkeling in a hot springs inside a crater! Since it was close by and most of our activities were outside, we felt like this was the perfect reintroduction to travel.

Breakfast in our room!
Swimming in a crater hot springs

I’m still on my 3-month summer break from Minafi (working on @HardcoverApp with a few people during that time), but this bday week has been neither!

We had our first post-vaccination maskless outing – snorkeling in a natural hot springs in a CRATER! I’m constantly amazed w/Utah. pic.twitter.com/aWJhG7TR4G

— Adam @ Minafi (@minafiblog) May 19, 2021

Friends Backpacking Trip

The second outing was a 3-person overnight backpacking trip to Grove Creek and Battle Creek. This is the 3rd time I’ve done this loop with friends, and it remains my favorite backpacking trail on the Wasatch front. As an added bonus, you can even get cell service for most of the hike!

For this hike I was able to try out a new tent (The Two from Gossamer Gear) and a new pack (their Gorilla 50L Ultralight). I’ve been trying to cut weight to make backpacking more fun. I can confirm – the hike is a LOT more fun when carrying 15 lbs compared to carrying 30 lbs.

View on the way up
My campsite
One of the best fires we’ve ever had

The first day was beautiful! 70 degree weather, clouds to block out some of the sun and a clear day. This trip was on May 22, 2021. Then we woke up to this. It had

View from my tent
The little tent that could
My sitting log for snow reference
About 8″ of snow

Let’s just say it was a cold night. I was completely warm in my tent and even managed to stay dry. Throughout the night the tent was covered in snow and I needed to shove it off. That left a bunch of extra snow at the edges of my tent weighing it down. Next time I’d like to create some kind of a shovel or have a rock for clearing it out that I can use to clear that area in the middle of the night and prevent it from piling up too high.

The hike back down was magical though.

The hike back looked like a winter wonderland

The Art and Science of Love Couples Retreat

The 3rd trip was an unexpected one. A former coworker of mine invite Mrs. Minafi and I out to Colorado for a couples retreat. We would stay in the mountains outside the city and go through The Art and Science of Love training with an instructor. With only 4 couples there, it would be an intimate environment where we could also focus on our relationships and make them even stronger. Honestly, being able to do this with other friends and couples was one of the best gifts I can think of. I mean, just look at the view from this place.

Mrs. Minafi and I haven’t previously done any couples training, but this felt like an excellent foundation. It gave us language and structure for approaching a bunch of different conversations that are hard to have, but essential for a strong relationship. It also was a good reminder to not skimp on continuing to build our friendship deeper and make intentional time to do just that.

I hadn’t heard of the Gottman method for this before, but after learning the basics, I’m a fan.

Being able to do this with friends, hanging out in a hot tub, playing Card Against Humanity and Concept at night and watching deer through the dining room window is something I’ll never forget.

There was a small herd of 5 deer nearby

Goals Updates

A lined up a bunch of goals at the beginning of this year, annndddd I kind of dropped off on a lot of this this quarter.

My Goals spreadsheet

A few of these are subjective. There’s no measure of what a “values based life” means – and that’s OK. It’s more of a feeling on if I’m trying too hard or just letting life happen (which I’m trying to do more of).

The “local first” one is a measure of how much I’m spending locally. I haven’t run the numbers on this, or on Minafi’s income during the last few months. Since switching over to Hardcover I really haven’t been looking at my finances at all. That’s been a welcomed respite! It feels nice to know those parts of my life are on track from the systems I’ve set up, even if I’m not constantly tracking them. I’ll likely fill these in eventually, but I’m not in any rush to keep them up to date.

“Avoid big tech” went in an unexpected direction: instead of just switching off Goodreads, trying to create a full replacement for it. I didn’t expect this when I set this goal, but it felt like the natural next step.

Running – I’ve struggled to run lately since the temperature has been exceeding 100 degree lately. I want to run more in the mornings, but that means actually setting an alarm and waking up. I’m still aiming to run a marathon in July, so I’m trying to train more to make that goal. After that I’ll probably ease off running for a bit.

Learn Japanese – This one has been on pause lately. I still love the idea and the language, but I’ve switched to learning other things lately (more on that later).

Skiing at Snowbird

Skiing – My last ski trip of this year was April 14th at Snowbird. There was so much snow that I couldn’t see anything at times. On one or two runs the I saw nothing but white in all directions. Following someone down was one of the only ways I knew where to go. I quickly realized I don’t enjoy that type of skiing.

Create an iOS Application – This one has some movement! Hardcover is being developed using React with the intention to use React Native to build an iOS and Android application for it later. Although I’m not actively working on an iOS application yet, the APIs I’m building for the website can be used for the iOS app later.

Minafi to $1,000 a month – I had this idea at the beginning of the year to try to turn Minafi into a business. I launched the Platforms directory as a way to move towards this while providing real value to people who are trying to figure out where to invest. At this point Minafi is making enough money to cover all it’s expenses with some room to spare, which is good enough for me. For the last 3 months it made roughly $200 a month. Not too bad considering it was making $0 last year. I’m most excited that this means that keeping Minafi running doesn’t eat into our savings. I don’t think it’ll reach the level where it’s funding my lifestyle, but I’m OK with that. For now I like the idea that Minafi is a place to write, learn and share more than anything else.

Monthly journaling – I’ve dropped the ball on this. For a while I was doing a weekly journaling exercise. This helped set an intention for the next week and keep me focused. You can see from the chart above that as soon as I stopped doing this I also stopped a bunch of other things (Japanese, tracking spending, etc).

One other way of journaling that I enjoy is writing up detailed reports of trips I’ve been on. I enjoy being able to look back at these and revisit the trip again. I published one for our first trip to Japan a few years ago here on Minafi. I wrote this years ago, but wanted to make sure it lived on.

Happiness >= 8 – June has been a rough month. Lily ended up in the doctors office once and the emergency room once (while we were traveling no less). The rest of the month has been great. The only downside is me being down on myself for not doing more.

What Next?

There’s a lot happening in July. I initially set a goal of 3-months of work on Hardcover and would evaluate how it’s going after that. I’m two months in now and have been absolutely loving it. The downside? It’s going to take a lot more than 3-months. After writing a Hardcover roadmap, it looks like it’ll be closer to 7 months (so 5 more months) to get to a solid release.

One of the big things for me to figure out is how I split my time between Hardcover and Minafi. I no longer plan to write on here every week like I used to, but I do want to keep writing here. That’ll mean finding a new cadence for writing. I’m leaning towards writing once a month – but trying to make it something more impactful and thought out. Let’s face it: a bunch of posts are more filler. I’d rather post less frequently, but better.

We also have two trips planned for the next 3 months – one to Napa Valley/SF to see family (and try some wine) and another one to Las Vegas in September. I’m still concerned about that one if I’m honest. Either way we’ll be mask-on for these trips. It’ll also be the first flight since COVID. More than anything I’m excited to see family and spend more time with friends again.

What about you? Are you open to traveling again? Is there a limit to where you’d feel safe?

My Biggest Investment Mistake and the Lessons I’ve Learned

Written by Adam on May 5, 2021. Updated May 8, 2021.
6 min read. Spotlight, Invest. 1 Comment

With Minafi is on break for 3 months, I’m highlighting stories by a few Minafi readers and friends of mine. Todays article comes from Mia Wilson, a financial advisor who wanted to share her story.

2 years back then, I became a victim of my worst investment mistake and lost $30,000 in one day. It was a heart-wrenching day because 90% of the stock was down the drain. I was shattered and flabbergasted by how this might have taken place as I had two partners collaborating in my projects. 

Being a business graduate and a professional investment analyst, I was sure that I am running my investment business strategically. I quarreled with my two partners as I was unaware of how I lost thousands of dollars in a day. It took me months to recover from the loss of my business being severely crashed in a day. I had to liquidate one of my companies and reduce my shares in the stock market. After pondering over the cause of the investment failure, I was unimpressed by the fact that my carelessness drowned me. 

Let’s dig into the story of my biggest investment failure

I won’t completely blame my partners because they were my sincere friends but maybe the envy took over. I trusted my partners blindly for all my shares, companies, small business, and major investments. One of my partners asked me to invest in a newly launched company with a fiscal market capitalization of less than $200 million. On his suggestion and without researching the progress of the company, I invested a significant amount of my money in the company. Being a professional investor, I was happy about my new investment and upcoming profits. The first three months went fine with 30% profits and a surge in shares.

The next 4th month was a disastrous time as 70% of the company’s stock lost their value. I was furious and speechless as my investment image in the market was eroded. Concluding my biggest investing mistake, in a nutshell, make a thorough and deep analysis of a project or company before investment. Also, never blindly trust your partners, employees, and shareholders.

I worked hard tirelessly in my initial days to become a renowned investor in my country. I was about to reach that position but because of my own investment blunder. It took months to recover mentally and financially. This investment mistake taught me multiple financial and investments that I would like to share with my peers.

Lesson#1 when everything turns upside down, focus on the good

I had the dream of becoming a domain expert in my country. This dream of mine kept my identity, other talents, and a complete life hidden for years. 

The moment I lost my thousands of dollars in a day, that moment made me realize how unrealistically I was running after my dream. That failure made me explore other dimensions of career and investment. I diverged my interest in entrepreneurship and startups. I found it an exciting and impressive way to fulfill my dream of being an investor and businessman in parallel. 

Warren Buffet quotes, “There should be more than one source of income otherwise you will fail miserably.” 

On the personal side, losing investment in such a short span of time forced me to adopt some saving habits. I have set a saving goal for 2021 just so I could make up for some of the lost investment.

Tip: There’s a way to turn your worst investment mistake into a good thing? You
just need to answer the following questions.

Question #1: what was the flow in your investment strategy? Take self-responsibility and don’t put the blame on your colleagues, improper investment advice, and poor market conditions. 

Question #2: How are you going to cover the loss to prevent it from becoming more dominant and how quick is it going to be? What will be your coping mechanism?

Question #3: What changes are you going to make in your investment strategy and is it going to be impactful in the future?

Question #4: how are you going to ensure that your new investment strategy is worthwhile? Verify your research, studies, and market history to evaluate its scope in the future?

Answering these questions may take a while and require you to do some soul searching but it will be all worth it in the end. 

Lesson #2: Utilize technology and make independent decisions

Without doing my research and using my instincts, I followed the lead of my friend and invested my hard-earned money in a scam. It was my money and it was supposed to be wisely invested. One should be independent and mature when it comes to financial management and investment. With this, there’s no harm in utilizing technology. While I am someone who likes to do things the old ways, it’s never ideal to ignore some of the gifts modern technology has to offer. 

New technologies such as big data are helping not only businesses save money but also investors in identifying trends and reducing uncertainty in investment decisions. Anyone that looks past these modern innovations is bound to repeat my mistake.

Lesson #3: Turn your mistakes into a fee 

Life is an exam and you pay the fees of it by surviving the hardships. Likewise, I took my failure and loss of dollars as a fee not a fine. I convinced myself that life has always blessed me with uncountable blessings in the form of successful investments. Why am I not able to accept one of my failures? 

The words fees give a positive impression on the mindset of the person in times of financial strains. My graduation and master’s in the business domain cost me ten times more than the loss I faced in one mistake. Rather than focusing on my one investment mistake, I should shuffle that mistake in a form of a fee for my investment journey. Investing your money, efforts, and feelings in anything will always give you endless benefits on the larger side. Just be positive and move on. 

The most important thing in life is not to capitalize on your gains. Any fool can do that. The really important thing is to profit from your losses. That requires intelligence, and it makes the difference between a man of sense and a fool.

William Bolitho

Lesson #4: Understand the significance of financial consultations

Although I was an investment analyst, yet I made a terrible career mistake. Maybe my successes made me arrogant and over-confidence. Would I have failed if I had a financial advisor with me at that time? It’s a smart move to ask for opinions, bits of advice, and to consult before investing your money and any other commodities.

Adam says: I still firmly believe most investors likely don’t need a financial advisor. But if you’re on the fence and would like a second opinion, a fee-only financial advisor can help gut check your decisions before they become solo failures.

Warren Buffet is a real-life example of how to turn failure into fix-its. In 2020, he announced that he made a humongous mistake investing in an airline of North America. It cost him a loss of approximately $US 50 billion for shareholders. He is a well-known personality in the pavilion of investors. If such a successful investor can make a mistake after years of his career, it’s normal for every one of us to move on from our financial mishandlings.

Lesson #5: Risk management and financial management run in parallel

Risk management protocols and strategies are necessary tools to protect your investments from failing. Being an investment expert, I knew the importance of risk management, yet I did not apply it in my career. It, basically, sets alarm protocols when there is a chance of potential loss. It automatically guides the investor to take appropriate actions under the risk objectives and tolerance. I am using my present investments and it has significantly helped in analysis, identifications, and acceptance of any investment hazard. 

Adam says: This has a lot of names, but it’s also called a investment policy statement. We discuss how to write one in the last lesson of my free course, The Minimal Investor.

The pay off

Sometimes in life, a single financial strain can shape your whole life and career into something innovative. The mistake I made taught me an uncountable lesson and valuable experience that would help me in my upcoming entrepreneurial startups. I imagined myself gearing up an entrepreneurial business if I wouldn’t have lost thousands of dollars. 

Everyone’s famous investor Charlie Munger shares a legendary saying: “Envy is the stupidest of the 7 deadly sins because it’s the only one you could never possibly have any fun at.”

About Mia: Mia Wilson is a financial consultant. Her focus is on small investments, managing debts, smart online shipping and finding alternate sources of income. Mia is also mother to two Persian cats.

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Adam at Megacon

Hey, and Welcome! I’m Adam and I help millennials invest to reach financial independence sooner than they ever thought possible. Want to see what you could do to reach FI sooner? You’re in the right place!

Adam at Megacon

Hey, and Welcome! I’m Adam and I help millennials invest to reach financial independence sooner than they ever thought possible. Want to see what you could do to reach FI sooner? You’re in the right place!

Hi, I’m Adam!

Adam at Megacon

Hey, and Welcome! I’m Adam and I help millennials invest to reach financial independence sooner than they ever thought possible. Want to see what you could do to reach FI sooner? You’re in the right place!

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