Financial Independence Interview-FI Big Sky
Who are you and tell me about your reason for setting a goal of FI?
We’re Mr. and Mrs. FI (short for Financial Independence), a couple who lives in Montana (also known as Big Sky Country) with their super cute pup, Russell. We’ve set out on a path towards financial independence in hopes to start living our lives for ourselves and not our jobs. We want to someday wake up in the morning and work on things that matter to us like our home and community, as well as have time to spend with each other, our furry child (Russell) and our future (hopefully less furry) children. Our Financial Independence Day will come in the year 2025, unless we somehow get there sooner!
Who got you started and who motivates you on your Financial Independence journey?
A few years back, Mr. FI was searching on the world wide web for investing advice. He stumbled upon a blog called Brave New Life which led him to Mr. Money Mustache and many other bloggers in the FIRE blogosphere–he was hooked. Then, with the excitement of a little kid on Christmas, he began selling me on the idea of why we should start a journey of our own and pursue financial freedom by means of saving and purposeful living. And let me tell you, when Mr. FI finds something he’s interested in he applies both his knack of researching and his laser-like focus to that topic for the foreseeable future until he feels he’s exhausted his efforts and learned all he needs to know to jump in with both feet. This also means I get to hear about whatever “it” is for the
days weeks months he’s researching said topic. Long story short, it was Mr. FI who started us down this path of Financial Independence. After months of discussion and trial and error, we both continue to motivate the other daily on our journey to freedom from our jobs.
What or Who is your Why?
Beyond the obvious answers of saying each other is our “who” and having more time doing the things we love as our “why,” we don’t really have any other current who’s or why’s to retire for. There are, however, the just-in-case future people and scenarios that we hope will benefit from our currently “selfish” endeavors. These include the possibility of having kids, our parents needing more help/care in their old age, being able to have the time to volunteer more in the form of mission trips or something locally, etc. Honestly, there will always be who’s and why’s, so we don’t really put much thought into this on a daily basis.
Do you have any debt? If so do you have a plan to pay this off before FI?
We have a mortgage and what’s left our car lease (which is soon to be over, thank goodness) and that’s all. Luckily we were both able to get out of college with very little debt and have tried to live below our means even before starting this journey. We do plan to have all of our mortgage paid off by the time we reach FI.
What planned income streams are you working on towards FI and Early Retirement?
Right now we plan to live off of our investments. We plan to continue investing and maybe dabbling in real estate in some capacity. We also do peer to peer lending through Prosper.
What are your plans during early retirement? (Travel, special projects, part-time work)
We both love to travel, get outside, spend time with family and friends, etc. This, along with a list of other things, is what we hope to have more time for when we reach our goal of early retirement. We don’t plan to work, even part time, once we hit our ER goal. However, if it happens that we want to (or even need to) work at that time, both of us are willing to do so. We realize that even though we’re going to much greater lengths to plan our future than a lot of people we know, it’s impossible to know how it will all turn out.
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