About 8 months ago, after a tumultuous year — moving to Texas, buying a house, starting new jobs, and adding baby #2 to the family — we realized we needed a plan. A plan for money. With the new baby and new house, we were rapidly tumbling down a slippery financial slope – buying new furniture, house décor, and multitudes of adorable outfits that immediately got spit-up upon and stained. Something about this didn’t feel right to me. From birth I’ve been frugal, if not outright cheap, so credit card bills in the mid four figures were painful to look at, let alone pay! Even with the superfluous spending, there was some extra money around… so I quickly started researching how to get all this spending under control! Quickly, I stumbled upon countless websites discussing retiring early, financial independence, and living more frugally. After a few hours of voracious reading, I rapidly realized (with the aid of my handy Excel spreadsheet) we could retire in our mid-40s! SAY WHAT? The thought of retiring early was always in my mind – and I always thought it was theoretically possible, but then we had kids, and I figured we were in for more typical length careers.
After a heart-to-heart with my husband, we decided to keep lifestyle inflation in check, and even dial it back a little bit. So, for the last year, personal finance has become my hobby… you would not be out of line to say that I am obsessed with FIRE (Financial Independence and Early Retirement). Mr. SSC on the other hand, wasn’t born with my budget-sense, resulting in some interesting struggles on our path to say good-bye to the 9 to 5 (or in our case the 6-4). This is our story… and in the next few weeks we plan to discuss more details on our background, our thought process, our pretirement* dreams and plans.
I’m looking forward to learning from all of you, and hoping our stories and experiences help some of you buy some freedom back and escape even just a little bit earlier from the 9 to 5 lifestyle.
*pretirement – our phrase for our pre (before 60)-retirement from our 9 to 5 jobs. We may work some fun part-time jobs, we may not. We don’t feel right calling it retirement, because at least in my type-A personality, I am 99% sure I’ll be working a job of some sort… just might be for minimum wage, and only working for as long as it feels fun.