Closet-to-Bathroom Conversion

Part of our family’s plan for becoming location independent in the next three years is to sell our house and convert the equity into equities (excuse my bad finance joke there). We bought a short sale in 2012 and have lived in the house for five years. By the time we’re ready to move, we will have lived here for seven and a half years. Which is exactly half the length of our 15-year mortgage. (If only that meant half of the house would be paid off…. But I digress…).

closet to bathroom conversion--www.thethreeyearexperiment.com

Since we were fortunate enough to buy an undervalued property, we’re hoping to sell the house for quite a bit more than we paid for it, but to do so will mean some strategic investments. Continue reading “Closet-to-Bathroom Conversion”

Combatting the Mid-Winter Blues

Midwinter is always the time of year that gets to me in New England. It’s March and, despite being teased with some 50-degree days in February, we’ve been staring down -4 for the past week. A blizzard with 18 inches of snow is coming tomorrow.

This time of year causes certain problems.

One, I find it almost impossible to drag myself out of bed for a run if the temps are below 15 degrees F (if that sounds horrible to you, believe me, it does to me too). I do not take running lightly. It is critical to my being tolerable to the rest of the human race, so imagine how fun I am to be around in the winter. Two, Spring feels forever away. And I need the hope of Spring.

bleak midwinter--www.thethreeyearexperiment.com
In the bleak midwinter…

Most of the time, I really dig the weather here, Continue reading “Combatting the Mid-Winter Blues”

Why Location Independence is Important for Us

Our family is on a journey to become location independent in the next three years. Currently, our plan is for either Mr. ThreeYear or me to take a job, since we won’t quite be ready to retire. If I take a job with an international American school, I will see if I can negotiate my boys attending as part of my compensation package.

What Does Location Independence Mean, Anyway?

Location independent means different things to different people. Some families, Continue reading “Why Location Independence is Important for Us”

How to Run Your Own Race

“To be beautiful means to be yourself.” 

― Thich Nhat Hanh

About three years ago, I was talking to a friend about training for a half marathon. “I would really love to finally run a sub-two (13.1 miles in under 2 hours),” I told him, “like [our other running friends.] But I’m just so slow!” “You have to run your own race,” he told me.

corn husks--www.thethreeyearexperiment.com
Life is beautiful.

Those words have stuck with me, probably because I struggle mightily with comparisons. I know, intellectually, that comparing yourself to Continue reading “How to Run Your Own Race”

February Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. (Wow, that is scary to type all those goals out in one place). In January, we made some solid progress toward those goals, and got 7% of the way to doubling our net worth.

crazy snow--www.thethreeyearexperiment.com
This all melted a week later. No lie.

Ah, February. Month of heavy snowfall and rampant sickness Continue reading “February Net Worth Update”

A Year of Good Habits: Tomorrow’s Top Three

I’m going to spend each month of this year focused on building one new good habit to help our family achieve our goal of location independence, doubling our net worth, and moving abroad in three short years. This month, I’ll be focused on setting tomorrow’s top three goals.

Tomorrows top three--www.thethreeyearexperiment.com
Some of my top three from a couple of months ago.

Habits are the building blocks of our daily life, and I believe that focusing on replacing any bad or even “meh” financial and daily habits Continue reading “A Year of Good Habits: Tomorrow’s Top Three”

Ski on the Cheap

Our family lives in Northern New England, so we have lots of ski slopes very close by our house. Unfortunately, skiing is very expensive and can work against our ability to save, so if we want to ski, we have to be smart about it.

little shredder--www.thethreeyearexperiment.com
Ready to shred!

Admittedly, skiing on the cheap is very difficult. Skiing is an expensive hobby, with expensive equipment, clothing, and lift tickets. But our family gets around a lot of those expenses by utilizing some of the following “tricks”: Continue reading “Ski on the Cheap”

Semi-Minimalist Kids

Somehow, having kids seems to bring, at least in Western households, so many toys, books, clothes, and activities. Our family is working towards location independence at the end of three years and so, in preparation, have begun helping our kids adopt minimalist principles in our home to lessen their dependence on stuff.

Three Years drawing--www.thethreeyearexperiment.com
The Three Year Family (we’re minimalists because we don’t have arms).

Our society has definitely bought into the philosophy that more is better. Ironically, though, especially for our kids, more stuff turns out to be worse.

The Best Parenting Book

Simplicity Parenting, written by Continue reading “Semi-Minimalist Kids”

Let’s Move to: Singapore

My family is on a journey to become location independent in three years. We plan to leave New England and give our family the opportunity to travel together. I can teach English while we’re there, which would give us health insurance and free schooling for the kids, or we might find remote jobs. So today, let’s contemplate moving to Singapore!

Singapore botanical garden--www.thethreeyearexperiment.com
View of Singapore’s Botanical Garden from our hotel room

The City-State

When my friend moved to Singapore a few years ago, I admit to not even knowing where it was, or that it was both a city and a country. Continue reading “Let’s Move to: Singapore”

The Story of How Two Average Joes Got Out of Debt and Got on the Road to Financial Independence: Part II

Does getting out of debt, saving more, or building net worth seem hopeless? Fear not. You can make lots of mistakes, start late, and still create financial independence.

boy swimming never give up--www.thethreeyearexperiment.com
Never give up!

Part I of this post details the beginning of Mr. ThreeYear’s and my financial story. Continue reading “The Story of How Two Average Joes Got Out of Debt and Got on the Road to Financial Independence: Part II”