Our FIRE Movement & Debt Free Goals
All Things FIRE Movement We are on a mission for FIRE. Financial Independence Retire Early. We discuss many topics and techniques related to personal finance and financial independence. Our journey began because of debt and lack of time with each other. We found the FIRE movement and purchased our RV to pursue Geoarbitrage to achieve the basic FIRE principles of increasing your monthly income while decreasing your monthly expenses. With our RV, we can travel to many places, mostly rural to achieve Geoarbitrage. Geoarbitrage is the ability to maximize your earned income (usually a HCOL salary) and live and pay LCOL prices. This will allow us to achieve our dreams of financial independence before the age of 40.
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Still Climbing Our Financial Mountain
Most people want a “get rich quick scheme”, but few would ever consider a “sacrifice today to thrive tomorrow” option. The road to financial independence is intended to be a sacrifice, just like life. Those who dedicate themselves to the uncomfortable often find future success.
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Geoarbitrage FI/RE…FIRE Strategies Part 5
Many who pursue Geoarbitrage, typically rent (or in some cases buy) in areas where the cost of living is significantly less that allows them to maximize their income towards their savings rate. Savings rate is critical for financial independence. Most millionaires set aside more than 38% of their income every month.
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Finding the Balance for Work and Home Life
We’ve learned that success isn’t built from credit scores and having to work until we’re dead. We’ve learned that success is built on knowledge, changing your status quo, finding your balance, and owning YOUR time. Debt isn’t normal nor is it’s control over every fabric of our lives, it’s the toxin that taints our work/home life balance.
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Reaching New Heights
Each step of life is a climb. Reaching new heights are the milestones that make us feel alive. One might make it to space, but you’ll always look back down to remind yourself how far you’ve come.
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Smoking Diesel and Screaming Out Freedom
We love cars. But we don’t love what they cost. When we do decide to spend money on a vehicle, we typically keep them for a decade or more. Age and high mileage doesn’t deter us, especially if we are fortunate to buy a one-owner that took great care of it.
