Would You Sell Everything to Travel the World?

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FIRECracker

FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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“Ultimately, we would not have quit our jobs, sold all of our stuff and became perpetual world travellers if not for the inspiration of Kristy and Bryce. I highly encourage this book to everyone that wants to regain financial control over the life. It has been life changing for us so will it be for you!” – Mr. NomadNumbers

After putting 2 years of work into writing Quit Like a Millionaire, getting reviews like this is my favourite part of book publishing. Sure, it’s exhilarating watching your book rocket up the Amazon charts and the crazy media frenzy, but that’s not why we write.

The reason why we write is because of feedback like the one above from Mr. NomadNumber, and e-mails from MRF.

Every day I wake up and I can’t believe this silly little blog has not only been read by people all over the world but has actually positively impacted their lives.

That being said, as a pragmatist, there’s always a part of me that worries when someone tells me they’ve sold everything and started travelling because of us.

What if they end up not liking it? Will they have the same mind-blowing experiences? Or is it a specific experience only to us? And what about costs? We found it easy to travel the world for less than staying at home by living like locals, but can other travellers replicate our budget?

Well, luckily, Mr. NomadNumbers agreed to come on the blog to give us an insider look!

First, a bit of background. We met Mr. and Mrs. NomadNumbers at a previous Chautauqua and back then they were working in expensive San Francisco. And since SF is one of the most expensive cities in the US, becoming FI while living there seemed like a pipe dream. Fortunately, Mrs. NomadNumbers held a position which enabled her to work remotely. During our discussion about how much they love to travel (especially in South America), we realized that since Mrs.NomadNumbers can work from anywhere, they don’t actually have to live in SF! What if they became nomadic and used geographic arbitrage to get to FI faster?

The thing I love about the Chautauquans is that they don’t just dream, they act. Which is why I think Chautauquans are special, and Mr. and Mrs. Nomad Numbers proved this fact by selling everything they owned and travelling! As a result, instead of paying over $2000 a month for rent in SF, that cost plummeted to a measly $800/month in Oaxaca, Mexico!

Mr & Mrs NomadNumbers in Oaxaca Mexico

And I’m happy to report, they’ve since reached financial independence and have quit their jobs to travel the world! They’ve even managed to travel on just $28,628 USD for the full year last year (which matches our yearly travel costs of $30K USD or $40K CAD!)

So without further ado, here’s Mr. NomadNumbers:

1) What did it feel like to quit your job?

It was a very different experience for the two of us. For me, it was easy and felt amazing. For Mrs. NN, it was a tough decision and the amazing feeling came later.

I was completely mentally prepared and ready to quit and had approached it with that attitude. In fact, we had already started planning our move and booked flights to Montreal so everything was already moving forward prior to giving notice.

I gave notice to my boss during our 1:1 and he was initially shocked and concerned. After I explained that I wanted to spend time with my new wife to take a year to travel the world, he went from surprised to really happy for me. He told me through the conversation that he thought I was going to leave for the competition (which is why most people quit). I gave the company 4 weeks notice to give plenty of transition time but I was prepared to leave right away if asked to.

Then the courage of being FI and having “FU money” (a la JL Collins) worked in my favour. My company asked me to stay for an additional 2 months so I negotiated to only work from home and only on one of the 4 projects I was managing. They were surprisingly cool with it and I was able to work remotely from Montreal with a reduced workload but with full salary and benefits, it was a win-win situation. It ended up being a smooth transition and once I had my last day at work, I was able to fully enjoy our new lifestyle.

For Mrs. NN, it was not quite as smooth because she was not as mentally prepared to quit. She had the fortune of working a remote job that allowed her to work from anywhere in the world so she was getting the best of both worlds – earning a salary and traveling the world. That was hard for her to let go but eventually a few stressful events at work plus seeing me fully enjoy FI life, helped her to take the leap and quit. She still had a lot of doubts and hesitations at the time of quitting but now she has no regrets!

2) Was it difficult selling everything and packing 2 carry-on bags for travel? How did you pick what to keep and what to get rid of?

Selling everything was time consuming but relatively quick as we managed to sell 10+ years of stuff we’ve accumulated in about 6 weeks. It had to be quick because we still needed to use our things before our move so it was a tricky balance. We put everything in a spreadsheet that I shared with my coworkers (they probably bought more than half of my stuff), we did one garage sale on Craigslist and a “take our stuff” party with our friends. Anything left was donated to charity. We ended up having a lot more stuff than we thought and it was very liberating to get rid of it all except the essentials. We are now extra conscious and careful about what we accumulate moving forward.

Packing was challenging but thanks to blog posts like yours and others on the essentials of packing, we felt like we had a decent handle on it. I prioritized electronics that others may not choose to travel with like a drone so I had to make compromises on what to leave (less clothes!). Mrs. NN packs more clothes and self-care items like massage oil, a journal, and salts and herbs for cooking – she is often carrying unusual health food items like coconut flour, tiger nuts and a big bag of sea salt in her bag! But to take a lesson from the KonMari method, each item we pack ‘brings us joy’ and is a necessity because we are very aware that we have to carry it on our backs.

3) What did your friends and family think of your plan to quit and travel the world?

We shared the news at our wedding with our closest friends & family and most people were really supportive. Not surprisingly, our parents were concerned and didn’t fully understand how this lifestyle was possible. They didn’t understand why we would want to stop working and earn money while we were still young. They also didn’t understand our desire to travel the world rather than settling in one place and getting a home. Even though they don’t fully understand, they are supportive – especially if it means the flexibility to spend more time with them.

As for our friends, we naively thought that once we shared our plans that everyone would want to do the same! To us, it was a no-brainer and a dream come true but surprisingly, there wasn’t much interest in pursuing this lifestyle. Partially due to not believing they can financially do it and partially due to not being able to imagine a different lifestyle. However, they are all happy for us and hope to visit at some point along our journey.

4) Now that you’ve been FI and nomadic for 1 year, what are the 3 biggest lessons you’ve learned?

Lesson 1: We (especially Mrs. NN) were worried for no reason. The FI numbers made sense, we were well informed from blogs/podcasts/books and yet Mrs. NN was worried if it would truly work. It was more of a mindset shift than anything, everything logically made sense. Well a year into it, we are very comfortable in our new lifestyle and have seen firsthand that the FI and nomadic plan really works! We are funding our lifestyle with our savings and investments and we have been able to stay within our budget easily. Plus we’ve experienced that it would be really easy to apply geo-arbitrage and dial our expenses down by basing ourselves in cheaper cities. There’s also no sacrifice in staying in cheaper cities because we love spending time in those places.

Lesson 2: Sustaining and creating new relationships is much harder when nomadic. When we travel to California or France, we are able to spend a lot of quality time with friends and family thanks to our flexibility. However, it’s a different kind of scheduled catch up versus being integrated into each other’s lives. People we meet along our travels are so interesting and people we would love to hang out with but the reality is, we will be in a different country in a few weeks. We are doing our best to keep in touch regularly with friends and family at home and staying in contact with new friends, we also love meeting like-minded people virtually through our blog. This is something important to us and we want to get better at.

• Lesson 3: There’s no playbook for our lifestyle, we can define it how we like. We might be considered travellers, digital nomads, backpackers or flash-packers. Mostly we don’t know how to cleanly label ourselves and that’s ok because we are trying to figure it out along the way. Most people associate travel with a 2 week intensive vacation where they spend a lot of money and try to see everything. Although we knew we didn’t need to spend a lot of money, it took us more time to realize that we preferred spending our time doing normal everyday things than trying to see all of the touristy sights. It can be exhausting to try to do everything and we are in this for the long haul so we need to define a lifestyle that is sustainable and works for us.

5) Do you ever plan on settling down?

Yes and no. Yes in a sense that we want to have a home base in the next 4-5 years. We feel that this is the only way we can build a sustainable community and there are a lot of aspects of non-travel life that we enjoy. For example, we would love to have a garden one day.

No because even if we have this base, we see ourselves still traveling for at least half of the year to keep exploring the world… slowly. And that takes time 🙂

Will we ever settle down permanently? We would never have thought 10 years ago that we would be FI and nomadic, so anything is possible! We are sure travel will always be a passion and major part of our life in some way. The beauty of being FI is that we are in control of what our lifestyle looks like and we don’t have to adhere to any one location or one schedule.

6) Are there any challenges with spending 24/7 with your spouse?

Finding our space. Mrs. NN was working remotely full-time for the first 8 months of our nomadic journey. So that helped us to divide our time and space naturally because we were on different schedules.

After we both weren’t working, it got more challenging because we had to set our own boundaries for personal time and project time. Since we mostly don’t have other friends and family around, we quite literally with each other 24/7 and that can be great but it can also lead to unpleasant moments!

We have gotten into a much better rhythm now, we usually spend half of the week on our personal projects and the other half exploring the cities we are in. For example, I spend time on photography and video editing for the blog while Mrs. NN studies nutrition. We found this schedule was a good balance and what works well for us. Traveling and living with someone 24/7 is challenging but makes your relationship stronger!

7) What’s your favourite country you’ve visited so far and why?

We have a couple of favourites for different reasons:

• As a place we could live in: Spain. Specifically the Costa Brava area which we recently visited this summer. The food is amazing, the beaches are beautiful and it’s a very relaxing place. Europe is also very appealing because of the short distances to travel to many countries.

• As a place to visit: Aruba. It was never a destination that we thought we could spend a month in but we did (and it was still cheaper than staying at home!). The weather is perfect and the Caribbean waters are just stunning. We went swimming in the ocean everyday and couldn’t believe that this was our life, we were living in paradise.

• Since we travel slowly, we’ve only been to 5 countries in our first year of travel so we are looking forward to seeing more of this beautiful world. We are really excited to visit Southeast Asia at the end of this year and have a feeling we will be adding to our list of favourites.

8) What is your favourite thing about travel? What’s your least favourite thing?

Favourite: constantly having new experiences and exposing ourselves to different cultures and ways of living. There’s nothing like travel to give you a whole new perspective on life and appreciate the beauty that exists in the world. We love the feeling of going to a new place for the first time and seeing what it has in store for us.

Least favourite: packing & planning. When you are nomadic, the packing and planning is constant and it can get tiring. We travel slowly in order to limit the amount of logistics but it’s still one of those things you just have to do. That’s another motivation to pack light, it helps to limit the amount of packing needed.

9) Do you have any regrets?

Honestly we don’t have any at this point. Maybe we could have done it sooner but I think we needed the time to mentally be ready even if we were financially ready.

10) What would you like to tell other readers on their way to FI?

Focus on the journey and not the destination. For me, I didn’t know what FI was until the past couple of years and all of my decisions were for my own interest. For example, moving overseas from France to the US to explore a new country and changing jobs to learn new skills. I might not have taken these risks if I was laser focused on a FI goal but it ended up resulting in great experiences that I would never trade.

So keep your goals in the direction of FI but make decisions for a journey that you would enjoy and love because it is a long period of your life.

***

Thanks, Mr .NN for the fantastic tips and life lessons you’ve shared with us! 

If you want to find more about this exceptional couple, check out their NomadNumbers.com

You can get the low down on:

• Their detailed travel expenses

• How they pack

• The ups and downs of being a nomad

• All their amazing drone travel videos!

 

What do you think? Would you ever sell everything to travel the world after FI?


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44 thoughts on “Would You Sell Everything to Travel the World?”

  1. I’d do it tomorrow but for one thing; what about when all the money is gone? I don’t have an online job. I have a cube. When I leave the cube I leave the job. No job = no money.

    So quit the job, sell everything, travel for about four years (I’ve done the math) then…??? I’m broke, 49, and have IT skills that haven’t been used in four years.

    If I can stretch it out to six or seven years…same scenario.

    If I dip into retirement savings then I’m broke, 57, no health care, pretty much unemployable, and have 8 years to wait till Social Security kicks in.

    What about health care (I’m a Yankee)?

    I’m really asking…how do you get around these limitations? It seems like this whole thing is predicated on having an online, work-from-home job or $1m in the bank?

    1. A half hour spent on google would show that not only can this be done but many people do this, including families. It’s not difficult it just requires the right mix of personality and skills.

      One point you are correct on, as an American, healthcare is a big issue. Considering the number of families that go bankrupt each year. It would mean living in a place where healthcare is cheaper and paying for it out of pocket.

      1. I am around the same age as you. Except I have no debt including mortgage. I have about 300k in savings and investments and one rental property (small mortgage but rent pays the mortgage on that house). I am semi retired meaning sometimes I may work (online or brick and mortar) 3-6 months a year. Because I am debt free, between rental income and part time income, I am able to sustain my lifestyle. I have started an online business that hopefully will generate a decent monthly income. But until that happens, I may work part time on temp jobs.

        I think being debt free especially for older people like myself is extremely important as we are reaching an age where we may not be able to generate income as easily. It’s much easier to live off of investments when you are debt free.

        I am what some would consider lean Fire or Barista Fire where we may still need to pull in some income and for me that’s okay. I actually enjoy going to work now…..lol. The key is I am no longer trapped in corporate America and I have freedom beyond belief even though I am not rich. I can travel and really enjoy life because I am not stuck in a 9-5 job. I am actually thinking of become an expat and renting out my paid off home. That would give me more rental income to live off of. Being debt free with a healthy savings and investment portilio gives you so many options. Sometimes I think I gave myself to many options……lol.

        If at all possible get rid of all your debt and your savings will last a really long time. My expenses are less than a 1k a month (single, no kids) and I can easily get by on my rental property, part time gigs and online business without ever having to touch any of my savings or investments.

    2. “I’m really asking…how do you get around these limitations? It seems like this whole thing is predicated on having an online, work-from-home job or $1m in the bank?”

      You got it! Fortunately, you are on a website that explain how to get that money in the bank.

      Spoiler alert, It includes being able to live under your means and investing in index fund.

    3. Hi Tree Zombie, I reread my last post and it feel a little more passive agressive than what I intend. The downside of the spread of the FI movement is that you often have people without plan and an inclination to calculate and lot of debt that pop and ask you how to be FI next year…

      I intend to be a little more constructive in this post.

      As you said, you need an IT job or money in the bank to travel like that. Fortunately, if you ain’t in IT or good at building sources of income, you can buy on the stock exchange the result of others people building sources of income.

      And with the power of compounding working in your favor, it can go pretty fast to accumulate wealth if you are displined. The famous Trinity studies examined the return on investment and conclude that on average, a conservative 50% bonds and 50% equity portfolio on the stock market give 7-8% a year. Considering inflation and the volatility of the market, you could withdraw 4% a year of the portfolio and be able to live 30 year on it. That 4% withrawal mean that if you have 25x in the bank your spending, you could live on them nearly forever. For example, for Firecracker and Wanderer and the nomads, they spend 30k USD a year, which means they need 750k USD.
      https://www.millennial-revolution.com/invest/how-much-is-enough/

      As for how to invest in the stock market? Firecracker and Wanderer build a series of tutorial on how to do it.
      https://www.millennial-revolution.com/investworkshop/

      Once you know the recipe, it ain’t rocket science. It just need discipline, a willingness to step outside your comfort zone to control your spending and the patience do to some basic math in a spreadsheet.

      This website is full of example of people turning their spending habits 180 degree and taking charge of their financial live. If this future interest you, I suggest that you spend a little bit of time reading on this website and that you start here :
      https://www.millennial-revolution.com/start-here/

  2. The cost for our first year of nomad living ended up being $28,628 for 12 months (or 373 days to be exact). This is about half of our cost of living in San Francisco while staying home!

    But 4 months was staying rent free in SF with family.
    This is something that teenagers do staying at youth hostels not productive adults with responsibilities. Lesson #1 for being a “nomad” is having many family and friends who pay for your shelter and don’t mind being sponged off.

    1. Hi John, you’re right we were fortunate to stay rent free with family for 4 months! But it was circumstantial this year (immigration fun), plus we want to allocate family time every year now that we have the time to anyways.

      If we were away and paid for accommodation every month like we plan for, our total expenses would have been closer to $34K. Still comfortably below our $40K spend goal! Don’t let that deter you from considering this lifestyle, the gift of flexibility means you can allocate your time where you’d like and how you’d like.

  3. I am reading your posts with great interest, however; I think that traveling the world like this would not work for someone who receive CPP and other pensions. As much as I would love to sell everything and live in Spain and other great locations year around I don’t think it is workable for a couple like us who will be receiving CPP and OAS and so on by the time I retire. I will retire at 61 so not a problem for me for about 4 years but my wife is already drawing on her CPP. I don’t think there is a way around the residency issue. I would think this way of life is more suited to people who rely only on personal investments instead of Defined Benefit Pension Plans and CPP and so on. But it is nice to see younger people living the life and being financially independent.

    1. Hey Joseph

      You can live anywhere in the world and collect CPP and OAS (but not GIS) as long as you have a local bank account the Government of Canada will direct deposit it for you.

      The real issue isn’t pension but residency and healthcare. If you’re gone from Canada more than 180 days you risk losing your healthcare coverage. If you have a European passport you can live anywhere in the EU and get free healthcare!

      Rob

      1. Nicely said, Rob!

        “If you have a European passport you can live anywhere in the EU and get free healthcare!” -> This is why we are waiting for Estonia’s digital nomad visa 🙂 Need to find a way to get a EU passport.

        1. I’m not sure where you heard that, but that is not true.
          Free?! LOL

          If you go to the hospital/doctor you need to pay, every time. A small fee in this case.
          Now image you need to stay there for a few days…. you need to keep paying for the room and the treatment.

          Of course, it’s cheap but for sure isn’t free. And the quality is what is pay for.
          That’s why in so many countries, like Portugal or Spain, people use private insurances just to go to the doctor… because sometimes is almost impossible to get an appointment in the public hospital and the quality is much better in the private.
          Many need to wait one year for an appointment and for operations and procedures it can take years.

    2. Actually we met Canadians (from Edmonton) in their 60s in Cambodia and Panama, living abroad and collecting CPP. There are also many Canadians “snowbirding” it in the U.S after retirement, so no, you are bound to Canada after retirement. Also, you can split your time and spend 7 months abroad and 5 months in Canada to get better weather and keep your residency for OHIP purposes.

      I would highly recommend researching retiree/expat forums to get more info. You are not bound to Canada just because you rely on CPPs and pensions. In fact, it’s actually to Canada’s benefit for you to live aboard, because you’re not using their services.

  4. We felt extremely lucky to have met you at Chautauqua for all the insights & inspiration you provided us at a time we were figuring out if both financial independence and our love for travel was something that could work.

    We would not have been where we are today without following the path of trailblazers like you that ultimately give us the nudge we needed to design the life we really wanted for ourselves.

    Now that we are in the other side and have seen the light (sort to speak) we want to give back by inspiring others to follow a similar path through sharing our journey, tips and learnings on our blog.

    By having you share our story with your readers today you are getting us closer to this goal. So from the bottom of our hearts we wanted thank you for everything you are doing!

  5. So after they quit their job and travel the world , then what ?

    Live in Mexico the rest of their lives? No kids …are cats okay or too expensive

    What is happening to people? I understand you profit from this site , but good grief

    1. Read some more posts. Kristy and Bryce arrived here from not following the status quo. Perhaps they may enjoy a different “rest of their lives” to the norm too. I do hate this about life in 2019; everyone complains about the world, how it operates and how awful and demoralising life’s journey is and when someone offers an alternative, we poke holes and scoff rather than wish them luck.

      What is happening to people? They are starting to put themselves first and think outside the box is what. Not necessarily a bad thing, in my book.

      1. Thanks for the vote of confidence, Cormac. Actually, I just find the haters amusing at this point. After 4 years in retirement and spending more and more time with awesome people like Chautauquans and travellers, I realized that the only people who hate other people with lives different from theirs are miserable people. Happy people just want you to be happy. Miserable people want to drag you down with them.

        Lucky for us, I’m perfectly happy. Sad people who refuse to change will continue being sad. That’s fine. More happiness for the rest of us!

    2. The difference between people here and commenters who only want to criticize anything that they don’t follow, is that people on here actually do something about their problems.

      1. Yup. I don’t give a shit about what people say, I only care about what people do. Complainers only complain. They never give solutions.

        Run, don’t walk, away from those people! Their only objective is to drag you down with them.

    3. Someone who’s never been to Mexico, shitting on a country they’ve never been to.

      Awesome. Please stay out of Mexico, so we can enjoy it without you 🙂

  6. I absolutely loved the honesty about life after FIRE, especially the sentence below:

    “Mostly we don’t know how to cleanly label ourselves and that’s ok because we are trying to figure it out along the way.”

    Many people are too scared to try this out even after achieving FI. Its easy to mathematically be FI, but to be emotionally ready is a different matter. Thanks for touching upon the ‘readiness’ to be FI.

  7. Unusually there are a few naysayers on this thread!

    I think what is missed in the ‘complainypants’ (apologies to MMM) above is that FI gives you choice. Don’t like travel, that’s fine, stay home and do something else. As for living in low cost of living country and not having kids or whatever, I think that’s fine too if your up for it. No one says it has to be for ever. GoCurryCracker slow travelled on the cheap for a few years before starting a family and basing themselves in Taiwan (while still travelling extensively and running their blog). Hell, if you get bored, you can start an online business, blog or even *gasp* go back into the workforce – all things which are easier when you don’t need the paycheck.

    My wife and I spent a year (no work) travelling before we had kids and absolutely loved it, although we were both happy to return home afterwards to our little lake cottage where I joked I was ‘too busy to work’ until inevitably the money (deferred leave) ran out and we had to go back to the daily grind. Now I’m working on FIRE so I can run the scenario again…without ever having to go back to work!

    1. Agreed – naysayers can sum up their contribution with “I cannot ever accomplish what all these people can so instead I will diminish their achievement so that I can justify doing nothing with my life”

      I wish this blog had like buttons for its comments because you’d be getting an uptick from me.

      1. “I cannot ever accomplish what all these people can so instead I will diminish their achievement so that I can justify doing nothing with my life”

        This sums it up perfectly, Cormac! It’s so much easier to put other people down than to do anything. We used to have so many of those people in our lives. Not anymore! Another advantage of becoming FI–you’re not forced to work with negative people, so you can surround yourself with as many positive people as you like!

  8. Nice interview! I gotta say, I’m a bit surprised that planning is one of your least favorite parts, considering that it’s constant for full time travelers like us. It’s actually one of the things I enjoy the most. Since you guys are so much under budget, maybe you want to outsource that to me for a nominal fee? Wait, then I might not be retired anymore. Scratch that. lol

    1. YAY! So excited that we’ll be able to work on passion projects alongside each other all over the world! You are the best!

  9. Firecracker and crew—love the blog and honesty. We’re way older than most of the folks on this thread and have already lived a lot of life. We can say that the thoughts here are life changing. A few years ago we realized if we didn’t keep inflating our lifestyle (buying a bigger house with every raise, and then a second home and a boat and RV and…) my partner could quit work (we called it ‘taking a break’ so people wouldn’t freak out) and spend time with her ailing Mom.. the five years she was able to regularly visit and spend more than a few days at a time with her Mom were unbelievably important , especially looking back on them after her Mom died.. so now we’re going take our little nest egg and I’m going to stop working as well.. I’ll be 56, but if we live reasonably we should have enough to last us until after I’m long gone.. Understand, we were never MMM or super frugal and we wasted money doing all kinds of things that we wanted to do, including traveling the world for weeks every year—but we never tied ourselves into big houses, boats, etc.. and now we can walk away and live as we choose… lots of folks will talk about everything that can go wrong, but so what? If the market crashes 75% and the world falls off a cliff economically, I’m pretty sure none of our jobs will be secure either.. Keep up the great work and thanks for inspiring old folks like us..

    1. Thanks for sharing your story, JM! I’m sorry to hear about your partner’s mom’s passing. But as you said, at least she got to spend time with her. Those are hours you’ll never get back, and wasting that time at work isn’t worth that.

      Glad the blog has been inspiring and kudos for prioritizing your freedom over life inflation!

  10. Financial Independence is the detachment from other people money – their money can no longer enslave you.

    Financial Freedom is the freedom from money itself – money plays no role in the true meaning of your life. This is where all passions are rooted.

    The math for FI is very simple: Annual Living Expenses ÷ 0.04 = Financial Independence Target.

    If you passed the FI marker, you are more financially secured than the 52 States financial budget.

    Having targeted net net worth that can generate passive income for life is more important than a high salary – the first critial component to FI.

    The second critical component to FI Annual Life Style Expenses.

    99 percents of the readers on this site will have many more years before the crossing of the FI mile marker because of the Annual Life Style Expenses – ALSE prevents many you from crossing over the high net worth barrier.

    On the average and with diligent, most people will achieve FI in 10 to 35 years. All your efforts will be governed by the mathematical equation above.

    If you crossed the FI mile marker before the age of 45, it is time to think about Financial Freedom. This is much harder to implement because many deployed Financial Independence strategies are now work against passion.

    This is why many FIRE achievers found themselves in the uncharted territory beyond the FI mile marker.

    Passion spawns progress. Life feeds on progress. Without progress, life will wither and drain out of existence.

  11. Such a cool story! I love the idea of geoarbitrage (have a little of that going for us as my team is in MN and I work from home in AZ). And the idea of traveling full time, while probably not in the cards for us, still sounds really cool.

    Thanks for featuring this one, Kristy & Bryce.

    1. Thanks for dropping by, Db40! Very cool that you get to work remotely. Especially helpful now that you can have extra time to spend with your little one 😉

      Travelling full time isn’t for everyone and it might be temporary for Mr and Mrs. NN but it sure is an amazing learning experience 🙂

  12. Dear FC,

    We are Hongkongers, in order to raise more international awareness regarding the current protest, we want to explain what is happening in Hong Kong in different languages so that people whose first language isn’t English or Chinese can comprehend our situation easier.

    As an online influencer, we believe that you can help in a powerful way. Please help to promote the album “What’s Happenig in Hong Kong” (link: https://bit.ly/2MKmbMl) and encourage people to download and share it on social media with their friends around the globe. No credit is needed. We really need more people to care and sign the petition to save our beloved home — Hong Kong.

    English, Chinese, Spanish, German, Japanese, Korean, Swedish, Portugese versions are now available and we are still eagerly working on other languages. Meanwhile we are also looking for volunteers who can write in other language(s) to offer assistance to the translation.

    Stand for human rights. Stand with Hong Kong. Let’s stay united to pull through this though and heart broken period. Thanks for your help!

  13. This lifestyle would sound great to me if I was 25. It still sounds pretty good, but not something I could do permanently. My wife wants a home base. For that reason alone, we won’t sell everything to travel the world.
    At least, I’ll try to travel for a year or two before coming back. After that, we’ll probably stay at our home base and only travel occasionally. Traveling was a lot more fun when we were young.

    1. Lots of travellers have a home base, so that does make sense 🙂 It’s definitely a bit extreme to sell everything and travel out of 2 backpack–though I recently heard about another couple who’ve been nomadic and FI for the past 26 years!

      Travel has to be tailored to whatever fits your lifestyle. Looks like you guys have set it up just right for your situation.

      Thanks for dropping by, Joe!

  14. We don’t plan to be quite that nomadic but being 30 months away from pulling the plug, we definitely start thinking about what our life will be like.

    Just ordered your book, so we are looking forward to learning about your story in more details!

    Greetings from Poland!

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