Cashing Out, the new book by Kiersten and Julien Sanders from Rich and Regular, is a MUST read. Their approach to FI goes beyond the traditional FIRE narrative by acknowledging that achieving FIRE is both harder for certain groups of people and why it’s even more imperative than ever.
Throughout her career, Kim built up a variety of income streams, such as working as a contractor, building up her own business, teaching craft classes, and cultivating her garlic crop to sell commercially. Building up multiple income streams has given Kim both peace of mind and tons of flexibility!
As an adult, it can be a huge challenge to dream big. After needing to figure out how to manage finances and make ends meet, our dreams get put on hold for a period of time (or forever). This is why we need to put concrete effort into relearning to dream big. This post walks you through how to do that.
When we first got married in 2009, we had very low salaries in a HCOL area. But, we still wanted to go on vacation. So, we went camping and realized we loved it. In this post, I share everything you need to know to go camping for a cheap long weekend.
Soon after his daughter was born, Anders learned about Coast FI. Upon calculating his number and realizing he’d already reached it, he decided to work less. He quit his job and starting working part-time as a freelance writer and seasonally as a tax preparer. He now feel like he has the benefits of the FI lifestyle without waiting to retire early.
With so many flavors of financial independence, it can be difficult to keep track of them all. People often confused Coast FI with Slow FI. The point of this post is to make a distinction between these two flavors of FIRE.
Living in a high cost of living area or urban environment can be very expensive. But it does not have to be. If you are intentional, you can enjoy all of the perks of the great location without sacrificing your long-term aspirations. We’re on our way to achieving financial independence and our location has actually played a big part in that. We believe that living in a high cost of living area has actually allowed us to fast track our journey to FI.
About 10 years ago, Kari came across the term “lifestyle entrepreneurship,” which referred to building a business that provided the flexibility to live the life you want. Kari’s dream was to be location independent so she could be a snowbird in the winter. It took time to put this lifestyle in place, but she took her first snowbird excursion in February of 2021.
It’s important that we not only focus on our big vision for the future. Why? Because, even if we achieve it, our daily lives still won’t be full of joy and fulfillment. We’ll still be living for the next big milestone or adventure.