Our family strives for financial independence with no debt at the earliest possible date while we continue using the ‘min/max’ approach to funding life’s experiences – minimizing expenses for those things that don’t matter to us and maximizing those that do.
To achieve this goal, we will continue to save over 50% of our income and look to obtain a 7% return on our investments year over year.
We’ll pack up our boys and move to Spain for at least 2 years where they will go to school to crystallize their fluency in Spanish and I will be able to cross off one of the largest items from our bucket list.
An extended recession or change in our dual income employment status – but these are ongoing risks and are no greater than they’ve been since we entered the workforce. The good news is that if any of these derail our plans, we’re young enough where we could simply extend our working careers a bit longer until our magic number is realized.