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How Our Government Jobs Helped Us Reach FI | Our Rich Journey

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

FromFire Drill


How Our Government Jobs Helped Us Reach FI | Our Rich Journey

FromFire Drill

ratings:
Length:
37 minutes
Released:
Nov 6, 2019
Format:
Podcast episode

Description

Do you dream of retiring before your 40s?

Amon and Christina retired at age 39 and moved to Portugal with their two daughters. Thanks to their government jobs, they were able to achieve a very high savings rate of 70% and build a nest egg of 25 times their annual expenses in just 8 years. They've now been retired for 3 months and enjoy their time relaxing and spending more time with their girls.

You'll love that story.

We also chat about...

How they got started on their journey
Their FIRE numbers
Why they got government jobs
Their asset allocation
Dealing with health insurance abroad

Enjoy this chat with Amon and Christina, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Our Rich Journey
Our Rich Journey on Youtube and Instagram
Video: Top 5 Companies Always Hiring

Key takeaways from our chat with Amon and Christina
1 - The journey starts with the right mindset
Christina and Amon explain that the FIRE movement is a unique world where many people outside believe that reaching FI is not possible. But they argue that it is possible if you have the right mindset and keep a positive attitude. Their journey started by working on their mindset, and then they started saving money, investing in real estate and educating themselves about money management.
2 - How they were able to save 70% of their income
They attribute their high savings rate to having government jobs that paid for all their living expenses abroad. They worked in Japan and in Spain, and were able to live for 10 years mortgage and rent free. They also saved on insurance and transportation, and would travel for free with credit card hacks. They had the purpose of FI and kept putting that money into the stock market to be able to retire early. The good news: there are a lot of opportunities to work with the federal government and it's not hard to get a job with them overseas.
3 - Their lifestyle in Portugal
The couple describe their life as an extended European dream. Their days are extremely flexible and they have a 'semi-structured' life with their girls going to school everyday. They're in Portugal on a retirement visa and have decided to focus on building their children and spending as much as time as they can with them.
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Released:
Nov 6, 2019
Format:
Podcast episode

Titles in the series (97)

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.