Like most people, I grew up not having any personal finance education. The only lesson that my father gave me was never to spend more than I earn. I did that, but I never saved or invested. I believed you needed to have lots of money or know everything about the stock market to start investing.
Back in 2016, a friend of mine shared a Brazilian YouTube channel about personal finances. I was shocked when I calculated how much I was spending in a year. When I saw how much I was spending on restaurants and stuff that didn't bring any value to my life, I decided to change.
That's when I started budgeting and reevaluating my financial choices. I knew exactly how much I was spending and started investing in fixed-income assets in Brazil.
Once I got more comfortable with budgeting, saving, and the basics of investing, I started exploring the possibilities of optimising my finances even more.
Eventually, I came across this book called Early Retirement Extreme - A philosophical and practical guide to financial independence. Early Retirement Extreme is a way of simple living. You invest as much as you can to live off of your investments and retire, if you want, before turning 65 years old.
And that's when a whole new world of possibilities was unveiled to me.
My husband and I live in a very expensive city (Vancouver, BC). As software developers, we make a decent income from our jobs. However, it doesn't really matter how much we make. It's how much we save that matters most.
We both have friends that make more than us, but guess what: they also spend more than us. On the flip side, a couple of our friends make half of our income but also manage to save more than 60% of it. It's always a choice.
My husband and I started our FIRE journey in 2018. We plan to become financially independent before 2025. That means we will be able to leave our jobs and work only on what we want to, not because we have to.
We followed the steps from Jacob's book:
If you got here, I still have a few things to share that I wish I had realised sooner:
Over the past years, saving so much money gave me the choice of first working a 4-day work week and now resigning from my well-paid job to focus on my projects, which are the hexdevs podcast and The Plant-Based Diet Club. It can certainly take years, but there’s nothing like having the freedom of choice when you most need it.
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