Aug 27, 2019
Today we’re showing you how to create a FI (financial independence) plan even while you’re raising your kids!
Financial Independence and Family
In this final episode for the season, I want to go back to a question I asked at the beginning – is it possible to become financially independent while raising kids?
I had gone over some myths people have about the FI movement, including that you had to be high earners or that or that you need to be pinching pennies clipping coupons obsessively.
Today I want to lay out some strategies and ideas on how you can create a path to financial independence that reflects what you value.
Pace it so you’re also enjoying the journey.
To do that though, you need a plan.
Which is why I’m happy Catherine Bryant is here. She’s a Financial Advisor at Coastal Wealth Management.
She’s sharing some crucial things you need to consider when crafting a plan.
I’m also going to share some takeaways I got from speaking with an early retiree here in the Triangle area awhile back that has been incredibly helpful for us on our journey.
Through careful saving and planning, Justin and his wife managed to accumulate enough wealth to retire in their 30s, while raising three kids.
In this episode, we’ll look at:
- big wins to focus on with your budget
- Why your savings rate not income matters more with becoming financially independent
- Some ideas on investing so you can have that during early or otherwise
I don’t want you to put this off anymore.
Let’s get started!
Handy Resources to Start Investing and More
Here are some handy resources for your home renovation projects!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Free 401(k) Analysis: Blooom
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving: Qapital
- Jumpstart Your Marriage and Your Money
- How to Avoid 4 Bad Investing Habits That Can Destroy Your Nest Egg
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union!
If you live in the Triangle area of North Carolina and you’d like someone to work with you on your goals, you really want to check out Coastal’s Wealth Management team.
They’d love to help you start investing for retirement and more!
Support the Podcast!
Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
- Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit
Like the music in this episode? Music is by Lee Rosevere and Music for Makers.