{"id":59,"date":"2021-09-22T08:04:00","date_gmt":"2021-09-22T08:04:00","guid":{"rendered":"http:\/\/hb-themes.com\/themes\/highend\/simple-blog\/?p=59"},"modified":"2021-09-22T13:11:22","modified_gmt":"2021-09-22T13:11:22","slug":"build-bridges-not-walls","status":"publish","type":"post","link":"https:\/\/rideorfi.com\/?p=59","title":{"rendered":"An Interview With 2 Debt-Free Couples on the Road to Financial Independence"},"content":{"rendered":"<h1>Interview No. 1: The Couple @ForBetterorWorth<\/h1>\n<h2>What do you do?<\/h2>\n<p>Higher education<br \/>\nRisk management at a bank<\/p>\n<h2>Ages?<\/h2>\n<p>37 and 34 years old<\/p>\n<h2>Where do you live?<\/h2>\n<p>Georgia<\/p>\n<h2>Salary?<\/h2>\n<p>$255,000 annually (combined)<\/p>\n<h2>When did you learn about FIRE? (If you don&#8217;t know what FIRE is, <a href=\"https:\/\/rideorfi.com\/?p=57\">read more here<\/a>)<\/h2>\n<p>We learned about it 4 or 5 years ago just by reading different articles and blogs. It wasn&#8217;t until we joined Instagram that we saw how large the community really is and that really made the difference for us. What&#8217;s funny is I only recently considered us FIRE (Financial Independence\/Retire Early). Before that, I just thought we were saving and investing more than the average couple!<\/p>\n<h2>Why do you want to reach financial independence?<\/h2>\n<p>1. To live life on our terms.<\/p>\n<p>2. To give our daughters a life we could only dream of.<\/p>\n<p>3. Give back and serve our community.<\/p>\n<h2>How do you currently have your money allocated?<\/h2>\n<p>We have about 85% in index funds (a large part of our investments are with <a href=\"https:\/\/investor.vanguard.com\/etf\/profile\/VTI\">VTI)<\/a>, 5% in tech stocks, 5% in a REIT ETF, 3% in crypto and 2%\u00a0 in cannabis.<\/p>\n<h2>Average savings rate?<\/h2>\n<p>We aim for 40% but it&#8217;s probably 30 to 40% consistently.<\/p>\n<h2>What has been the most difficult part in this journey?<\/h2>\n<p>Honestly getting started and trusting the process. It&#8217;s slow at first and it&#8217;s hard to get the momentum going. But once you start to trust the process and stick to it, you will start to see real gains.<\/p>\n<h2>If you could offer someone a piece of advice to help them on their path to FI, what it would be?<\/h2>\n<p>Ignore what others around you think.\u00a0 If you&#8217;ve done the math and come up with a plan and can execute, then go for it! Others will try and project their fears and insecurities on to you. Don&#8217;t let them!!!<\/p>\n<h2>If others want to follow your FIRE journey, where can they find you?<\/h2>\n<p>Follow us on Instagram @ForBetterOrWorth<\/p>\n<h1>Interview No. 2: Brennan and Erin @budgetdog<\/h1>\n<h2>What do you do?<\/h2>\n<p>A CPA offering personal finance products, courses and services to anyone and everyone<br \/>\nDesign sales<\/p>\n<h2>Ages?<\/h2>\n<p>29 and 30 years old<\/p>\n<h2>Where do you live?<\/h2>\n<p>Cincinnati, Ohio<\/p>\n<h2>When did you learn about FIRE?<\/h2>\n<p>I learned about FIRE when I was 23 years old.<\/p>\n<h2>Why do you want to reach financial independence (FI)?<\/h2>\n<p>Family and time.<\/p>\n<h2>How do you currently have your money allocated?<\/h2>\n<p>We currently have our money in the following allocations:<\/p>\n<ul>\n<li><a href=\"https:\/\/investor.vanguard.com\/mutual-funds\/profile\/vtsax\">VTSAX<\/a> 63%<\/li>\n<li><a href=\"https:\/\/investor.vanguard.com\/mutual-funds\/profile\/vtiax\">VTIAX<\/a> 28%<\/li>\n<li><a href=\"https:\/\/investor.vanguard.com\/mutual-funds\/profile\/overview\/vemax\">VEMAX<\/a> 6%<\/li>\n<li><a href=\"https:\/\/investor.vanguard.com\/mutual-funds\/profile\/VIIIX\">VIIIX<\/a> 2%<\/li>\n<li>Crypto 1%<\/li>\n<\/ul>\n<h2>What&#8217;s your average savings rate?<\/h2>\n<p>We are currently saving 65% of our income.<\/p>\n<h2>What has been the most difficult part of this journey?<\/h2>\n<p>The most difficult part has been remaining consistent.<\/p>\n<h2>If you could offer someone a piece of advice to help them on their path to financial independence, what would it be?<\/h2>\n<p>Get on a detailed and written plan as soon as possible and make sure to discuss finances with your spouse!<\/p>\n<h3>If others want to follow your FIRE journey, where can they find you?<\/h3>\n<p>Follow us on Instagram @budgetdog and check out our <a href=\"https:\/\/linktr.ee\/budgetdog\">resources here.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interview No. 1: The Couple @ForBetterorWorth What do you do? Higher education Risk management at a bank Ages? 37 and 34 years old Where do you live? Georgia Salary? $255,000 annually (combined) When did you learn about FIRE? (If you don&#8217;t know what FIRE is, read more here) We learned about it 4 or 5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_mo_disable_npp":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[28,26,49,39,48,30,29,31,32],"class_list":["post-59","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-and-marriage","tag-financial-independence","tag-fire","tag-investing","tag-marriage","tag-millionaires","tag-money","tag-retire-early","tag-saving","tag-wealth"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/rideorfi.com\/wp-content\/uploads\/2015\/01\/priscilla-du-preez-xM4wUnvbCKk-unsplash-1.jpg?fit=640%2C960&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/posts\/59","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rideorfi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59"}],"version-history":[{"count":5,"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/posts\/59\/revisions"}],"predecessor-version":[{"id":479,"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/posts\/59\/revisions\/479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rideorfi.com\/index.php?rest_route=\/wp\/v2\/media\/474"}],"wp:attachment":[{"href":"https:\/\/rideorfi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rideorfi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rideorfi.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}