My wife, TB boy 1, and TB boy 2 are embarking on the next exciting chapter of our FIRE (financially independent, retired early) adventure.
We are downsizing our home, selling for $475,000 and buying a new home in Bend for $395,000. In the process, we're eliminating our mortgage and will be purchasing this (hopefully) forever home with CASH!
This will leave our investment portfolio of $440,000 the main priority (previously we were focusing on paying off our mortgage). With frugality and consistency we hope to grow this to $850,000 to support an annual budget of $34,000 and allow us (me... my wife is a stay at home mommy) to retire early. Currently we are 30 years old, so with an annual contribution to this portfolio of around $20,000 at first and hopefully increasing over time... my calculations put us at a FIRE date of approximately 40 years old, or 10 more years.
This blog has been a fun project where I've both shared knowledge with you unknown people on the internet at very little charge to myself (yes, I PAY to have this blog... not earn... !) but it brings me joy, so I'll keep going. Click on one of the ads on my site in case you'd like to support!
Moving forward, I'll share perspectives on retirement planning, updates on my personal net worth and spending, as well as write about any other topics that come to mind. Thank you for reading!
Net worth 2/7/18: $840,000 (no debt).