Applying for promotions, and working hard to receive raises and bonuses when available. To maximize income, we hustled and advanced our careers. We started out with less than $10,000 in student debt thanks to the affordability of Canadian universities, part-time work and generous families.įinancial independence is achieved by two means: maximizing income and minimizing spending. Amanda has a Chemical Engineering degree and Travis has an Information Systems degree. With this solid foundation, we each got university degrees and aggressively jumped into our careers making the big bucks. We were both lucky to have grown up in a wealthy, democratic country and have stable, loving families. The colorful, vibrant town of Guanajuato, Mexico On Autopilot: Working Hard and Saving Money All of these little things added up and we were well on our way to saving for our goal!
We used bikes to get around town whenever possible and tried to use public transportation for our commutes. In the winter we wore sweaters around the house instead of jacking up the thermostat. We hung our clothes out on the line instead of using the dryer. Eating at our favorite restaurants was saved for special occasions only, and instead we focused on making routine healthy meals at home. We moved our money to Vanguard and optimized our portfolio with the Lazy Portfolio recommendations from Bogleheads. Expenses were slashed and we ramped up our savings. We embraced the idea of mustachianism wholly and completely. Money Mustache‘s blog and were both hooked. If you don’t live in the most expensive cities, this amount can go a long way. Living on a 4% safe withdrawal rate would give us $40,000 per year to live on. Exactly how much money would we need to stop working, presuming we moved somewhere with a low cost of living? The answer ended up being $1,000,000. It was at this point that the financial numbers were furiously crunched. Sadly, after a couple months it all came to an end: he got another job.
I could now sleep in, work on personal projects, exercise, read books, hang out with my cat, enjoy some cannabis, listen to music and go for a wonderful bike ride around Oakland… life was great! I could have dinner ready for Amanda when she got home from work, and maybe even bake some chocolate chip cookies!” “Suddenly, instead of waking up early and going to work everyday, I could instead do whatever I wanted! Sure, I needed to hunt for a new job, but that task was only eating up 30 mins per day.
It all started a few years ago when Travis got laid off from his job in Berkeley, California: Cruising along a beautiful road near Oaxaca, Mexico The Taste of Freedom
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