50% to 10%: Why We're Saving Less in our FIRE Journey
Рет қаралды 2,409
Күн бұрынRecently in our FIRE Journey, our family went from saving 50% of our income to saving 10%.
After becoming debt-free, mortgage-free and hitting Coast FIRE, we thought it was time to enjoy more life today.
Here’s what we’re doing with our money now.
RESOURCES
50% to 10%: Why We’re Happy Saving Less in our FIRE Journey (Blog Post): marriagekidsandmoney.com/podc...
Die With Zero (Bill Perkins): amzn.to/3GHU1ZF
Total Money Makeover (Dave Ramsey): amzn.to/3y7LUlI
Like what you heard? Buy me a coffee! www.buymeacoff.ee/andyhillmkm
✅ CONNECT WITH US
Instagram: / andyhillmkm
Twitter: / andyhillmkm
TikTok: / andyhillmkm
Facebook: / andyhillmkm
Blog: www.marriagekidsandmoney.com
Podcast: www.marriagekidsandmoney.com/...
Facebook Group: www.marriagekidsandmoney.com/...
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CHAPTERS
0:00 Intro
1:46 Responding to Comments
6:09 Vacation More!
7:41 Upgrade Our Home
8:34 Designing a New Lifestyle
#CoastFIRE #FIREJourney #DieWithZero #DaveRamsey #PersonalFinance
OTHER VIDEOS TO WATCH
We’re Coast FIRE! How We Saved $500k by 40: • We Achieved Coast FIRE...
How We Paid Off Our Mortgage in 5 Years: • How We Paid Off Our Mo...
Life After the Mortgage is Paid Off: • Life After the Mortgag...
MARRIAGE KIDS AND MONEY
This award-winning blog, podcast and KZfaq channel are dedicated to helping young families build wealth and thrive. Each week, Andy Hill interviews personal finance experts, families who've achieved financial independence and debt-free young parents. He also shares advice to help your family become debt free millionaires!
Subscribe to my KZfaq channel today to strengthen your family tree and live financially free!
DISCLAIMER
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Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Be sure to seek professional advice for your specific situation.
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@MarriageKidsandMoney 2 жыл бұрын
Where are you in your FIRE Journey?
@pb25193 2 ай бұрын
Has a very positive energy. His kids are mighty lucky
@MarriageKidsandMoney 2 ай бұрын
Thank you so much for that compliment!
@traceysherman-falcon9658 2 жыл бұрын
Hey! You do you! You’re happy and providing a great life for your family. Good on you! Health insurance in the US is forcing me personally to have to work until Medicare kicks in, but we’re saving money now so I can take a different job at 55 (making less) that doesn’t stress me out and take a toll on my body physically. Everyone’s journey is different. Keep doing what you do Andy!
@MarriageKidsandMoney 2 жыл бұрын
Thank you so much Tracy! I'm happy and this situation is great for my family's future together. I have to keep moving toward that. The health insurance situation is rough! Have you looked at options on HealthCare.Gov -- there was were decently affordable options for us, but this all depends on your situation of course.
@mikelee0072 3 ай бұрын
Spot on Andy. Well said.
@MarriageKidsandMoney 3 ай бұрын
Thank you Mike!
@OnmywaytoFI 2 жыл бұрын
Enjoy your content and agree 100%. We are 40 with three young kids and are fortunately in a similar situation where we have been in hyper accumulation mode the last 5 years or so. Still have a mortgage for the next 5 years but plan to slow down our savings significantly soon and enjoy more of the pie while we can. Keep the good content coming and take care!
@MarriageKidsandMoney 2 жыл бұрын
Glad to hear the message resonated with you! After you put in the work, life is for livin!!
@era-FP Жыл бұрын
Agree 100% - well wishes from the PH. I’m FiRE-ing by end of this year at 50 😊
@MarriageKidsandMoney 11 ай бұрын
Incredible! Way to go!
@gabesmith9171 Жыл бұрын
What an awesome way to honor your mother/in law’s inheritance $ good work man
@MarriageKidsandMoney Жыл бұрын
Thanks so much Gabe! We share great stories about her when we do her annual family dinner.
@carolannstevens5814 Жыл бұрын
I am in my early 60’s and I wish I would have done what you are doing. Build memories with your family. My kids are in their 20’s and 30. Time flies and you are so doing the right thing!
@MarriageKidsandMoney Жыл бұрын
I'm constantly learning still! I appreciate you watching and supporting our family biz!
@nathanbawolek2990 2 жыл бұрын
Absolutely a fantastic video. Most people just talk about how to save/invest/build wealth- i'm glad you talk about the whole purpose of FIRE... to retire early so you can enjoy life. Congrats on everything you have accomplished so far!! Enjoy all your hard work and enjoy the next stage of your journey!
@MarriageKidsandMoney 2 жыл бұрын
Thank you! The numbers of FIRE can be sexy, but I LOVE the enjoyment side. And it can happen a lot sooner than "traditional FIRE" for sure.
@NolanGouveia 2 жыл бұрын
Love your WHY!! 🙌🙌
@MarriageKidsandMoney 2 жыл бұрын
It's all about the WHY!
@Alex_Kozora 2 жыл бұрын
Thanks for the video!
@MarriageKidsandMoney 2 жыл бұрын
Absolutely! Thanks for watching!
@AlexanderJKenji 2 жыл бұрын
No one stays the same for 50 years. People are changing, goals are changing, priorities and all that stuff and I guess it´s OK. Is right to live your life, how you want to, not by the others. Others got their own priorities and goals, their way. Find your own way on your journey, that´s the key.
@MarriageKidsandMoney 2 жыл бұрын
Change is healthy! I appreciate this perspective Alexander!
@amygarza1571 2 жыл бұрын
Great video. One of my favorites so far. I think it’s important to see the execution of the different stages of financial independence. Strong work!
@MarriageKidsandMoney 2 жыл бұрын
Thank you Amy! I really appreciate this feedback
@carlosospina7921 2 жыл бұрын
In my book you guys are doing a great job!
@MarriageKidsandMoney 2 жыл бұрын
Thank you so much Carlos! We appreciate your support as always.
@susanlewis1953 2 жыл бұрын
Good video. Your life, u choice. You have worked hard to get where u are today. Thanks Sue 😀
@MarriageKidsandMoney 2 жыл бұрын
Thank you for your support Sue!
@michellemorales401 2 жыл бұрын
Goals change. Perspectives change. Life activities change. You can't take it when you go. I agree 1000% to live your life to the fullest and fully enjoy one another. What's the point in constantly building if you cannot enjoy it?!
@MarriageKidsandMoney 2 жыл бұрын
We're in alignment here!
@jacontre76 2 жыл бұрын
nice!
@favored4life 2 жыл бұрын
Great video! Our journeys are very similar; just subscribed.
@MarriageKidsandMoney 2 жыл бұрын
Thank you for subscribing! I'll work hard to create fun new content in the new year!
@mwashe 2 жыл бұрын
Still working on paying off house but also might be moving and going backwards in that goal a bit. That book die with zero great book for any high savers
@MarriageKidsandMoney 2 жыл бұрын
YES! Die With Zero was an eye-opener for me for sure! Good luck on your next financial goal Matthew.
@TheTaytay198 2 жыл бұрын
Curious on your thoughts about leaving a legacy to your kids which means dying with a lot of money but helping secure your kids future. My dad who is 78 has a goal of leaving my sister and I 1mm each and today it would exceed that. I don’t need it but my dumb sister will need every penny and will keep her comfortable in retirement. I’m concerned about how the tax and spend approach in this odd administration will impact my only child’s future and I’d want to leave him a very nice Easter egg of 1mm like my parents will do for me but in a trust with boundaries so he still will need to work and not spend it all Charlie Sheen style. Your thoughts?
@MarriageKidsandMoney 2 жыл бұрын
Your plan for a Trust is a smart one in my opinion based on your goals. Although we're going to do our best to "Die With Zero", we have an estate plan to help our kids if we die earlier than expected. A big part of our "enjoyment" will be making time to take care of our health so we can live a long time too. That's not always in our hands, but as much as we can control, we will.
@csnelson85 2 жыл бұрын
Great video as always. But why not a Tesla?!
@jastorino 2 жыл бұрын
Because #detroit duh ; )
@MarriageKidsandMoney 2 жыл бұрын
I want an SUV for the kids … and I like the look of that Ford Mach E :)
@CyrusMurphy 2 жыл бұрын
@@MarriageKidsandMoney Model Y is just as much SUV as Mach E. If subjective looks matter more than safety, range, charging network, tech advantage, battery track record/longevity, self-driving tech... then Mach E is a good choice ;)
@sgist7824 2 жыл бұрын
@@CyrusMurphy true, well worth thinking very carefully about Mach E before committing
@MarriageKidsandMoney 2 жыл бұрын
@@CyrusMurphy Good points! I have a long way to go before I have enough for either one. I'll definitely do my research beforehand.
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