I’d never heard about FIRE (Financial Independence, Retire Early) until a few years ago. The year was 2014 and we were still 20 years away from the normal retirement age in America when we joined the race to financial independence. I left the workforce years earlier to be a full-time stay-at-home mom. Although we’d done all the right things, like maxing out our savings in 401(k) plans, starting 529 plans for our children and living within our means, we were nowhere near ready to go from an income of one to none.
We had grown to a family of five (with two teens and a tween) when we devised our six-year plan to financial independence. That would give us enough time to hopefully grow our wealth so that my husband’s paycheck was not needed to maintain our current lifestyle.
We’re now less than two years away from FIRE (summer of 2020) and so far we’re on track. On this site, I’ll post the details of our successes as well as our missteps along the way.
Oh, and one more thing. We’re American citizens living in Canada. We moved to the Great White North for an awesome career opportunity for my husband. That was back in 2011, long before it was trendy to move to Canada to escape American politics. Some of my posts will focus on the many differences (and similarities) between the two countries.