Your Three Year Experiment: Claudia from Two Cup House

Hi there! It’s Wednesday and time for another installment of Your Three Year Experiment, featuring people who are sharing their own three year experiments–their plans, goals, and dreams for the next three years. 

Your Three Year Experiment: Claudia from Two Cup House www.thethreeyearexperiment.com

Today’s post is from Claudia from Two Cup House. Claudia is a personal finance blogger, SEO consultant, and trainer who moved into a tiny house with her husband Garrett in order to get closer to financial independence. 

Claudia and her husband paid off six figures in debt in just a few years by downsizing to a tiny house and starting their own business. Now, they’re pursuing FI, but not RE (that’s financial independence, but not retiring early). Read on to find out:

  • how they were able to pay off $200,000 in a short time
  • how they’ll balance building their business with travel
  • the one place in their budget they’re not frugal

If you’d like to be featured in the series, send me a note! My contact info is on the Start Here page.

What’s your background? Early years, education, married, kids, jobs?

We grew up in different parts of Pennsylvania and have spent most of our lives here.  Unsurprisingly, we’re Penn State grads.

My husband, Garrett, and I live in a 500 sq ft house in Lancaster County, PA.  We don’t have kids (and don’t plan to have kids).

Today, we’re self-employed.  We run our own marketing consulting and training business.  

Two Cup House at the beach www.thethreeeyearexperiment.com
Claudia and Garrett at the beach, enjoying the fruits of being location independent.

 

Continue reading “Your Three Year Experiment: Claudia from Two Cup House”

Location Independent, International Jobs: Sarah

Today I have the pleasure to introduce Sarah. Sarah is a long-time reader of the blog, and first contacted me almost a year ago to share her desire to become location independent. She recently accepted a full-time remote job and is now proud to call her family LI! Sarah graciously agreed to answer some interview questions and will now join the ranks of Steve, Jaime, Moose, and more in the “Location Independent, International Jobs” series. Without further ado, here’s Sarah! 

Can you tell us a little bit about your background? Where you’re from, how long married, degrees, kids, ages, etc.

I’m Sarah and I live with my family near Sacramento, California.

I live with my husband of nearly 10 years, our two kids (ages 5 & 8), and two cats.  I have a master’s in library science and he has a PhD in the biological sciences.  We’ve lived in the Sacramento area for 2 years, having spent time in the Bay Area before that and over a decade in the Chicago suburbs before that.

hiking with family
Favorite frugal pastime: hiking in the beautiful California sunshine with my family

My family is from the Pacific Northwest, and my in-laws are in Chicago & San Francisco.  The majority of our family is on the west coast, so we’re able to see them a lot more than we did when we lived in Chicago.

How did you make the decision to work remotely?

Working remotely was actually suggested by my previous employer in late 2013 (after they’d denied the request in 2009), as we transferred from their Chicago office to San Francisco.  I absolutely jumped at the opportunity, since commuting was a huge factor keeping me from my kids.  I started looking for new remote work in early 2018 and accepted a new position in July.  I’m the librarian for a digital library at a relatively small company based in the Bay Area.

What’s the impetus for wanting to become location independent?

I was treated for depression and anxiety after our oldest was born; it was then that I came up hard against the realization that what I was “supposed to do”–work full time and see my baby for a few hours and be totally ok with that–was not actually working for me.
And so I cut down to part-time and began to radically change our spending, habits, and lifestyle, and really started to question everything.  I read blogs like The Minimalist Mom, Frugalwoods, Zen Habits and others, and we kept at it as our son grew and our daughter was born.   Then my husband lost his job and we moved to CA in the hopes that there would be work (there was!).
Between the 2-3 hours a day we spent commuting in Chicago, to this stressful time moving across the country for work and cramming into 900 sq ft so we could be closer to work in the Bay Area, my husband and I were unhappy with being tied to a workplace.
Enter our move to Sacramento and my finding The Three Year Experiment, and we started thinking about where we really wanted to be (still under discussion!).  I guess we chafe at the ideas of things we have to do, like work in the city, live in the suburbs, have a commute, buy a house, live paycheck-to-paycheck, and so this idea that we could set the terms around where we live and what we do was incredibly appealing.  For me, I’d been reading about Financial Independence for some time, but it was a bit nebulous without a really firm vision (we’re still working on that). Continue reading “Location Independent, International Jobs: Sarah”

Your Three Year Experiment: Scott and Caroline

Hi there! As promised last week, today I have a brand new series for you, featuring people who are sharing their three year experiments, that is, their plans, goals, and dreams for the next three years. 

Your Three Year Experiment: Scott and Caroline www.thethreeyearexperiment.com

Today I’m thrilled to introduce Scott and Caroline, who share their early retirement strategies at Costaricafire. In this interview, you’ll learn:

  • how they created a real estate portfolio to help them retire
  • the three income streams they’ll use to fund retirement
  • the first thing they’ll do when they’re fully location independent

If you’d like to be featured in the series, send me a note! My contact info is on the Start Here page.

Hello! Tell us about yourselves.

We are Scott and Caroline, 40-something parents of two daughters from New York City. Caroline has been operating her own Career Coaching business for over 10 years after a career in finance, consulting and recruiting, and Scott has recently stepped away from a 23-year IT career to focus on our real estate investments and IT consulting.

Scott and Caroline in Tamarindo, Costa Rica, one of the towns they plan to live in during retirement.

What’s your background? Early years, education, married, kids, jobs?

Continue reading “Your Three Year Experiment: Scott and Caroline”

What’s Next for the Three Year Experiment?

In July of 2016, I turned 37. My husband and I lived in New England, far from both sides of our family, because of his job. I longed to be able to live in a place with milder winters, see my family more, and travel for extended periods of time. I longed to be able to visit Chile and see his side of the family, more than once every three years.

What's Next for the Three Year Experiment? www.thethreeyearexperiment.com

So when he asked me what I wished for on that birthday, I voiced my crazy wish, “I want to be able to spend half the year in Chile with your family and half in the Carolinas with mine.” At the time, it was impossible. His job kept him in New Hampshire, our kids were in school there, and we were far from financial independence. Yes, we’d spent the last eight years growing our net worth, first by paying off our $38,000 of consumer debt in 2008 and then slowly growing our net worth from there, but we were no where near the amount needed to quit work. Continue reading “What’s Next for the Three Year Experiment?”

June Net Worth Update

Hi! I missed you last week. First, we had a joint work conference for Mr. ThreeYear, then we spent one day loading the moving truck, then one day cleaning the house, two days traveling from New Hampshire to North Carolina, and one day prepping for our close. By the time you’re reading this, we’ll be homeowners once again, this time in North Carolina.

June Net Worth Update www.thethreeyearexperiment.com

I wanted to blog so much but it wasn’t happening.

I’ve never been so tired. Maybe after having the kids. Definitely after having the kids. But man, this is a close second. Moving is hard. Of course, we know it will be amazing once we get moved in and settled down, but for now, not knowing where my pjs are, or Mr. ThreeYear’s iPad, or pretty much anything, is disconcerting. Throw a mandatory joint work conference, an 8-year-old birthday party, and a graduate class with tons of work into the mix, and I was fried.

Charlotte sign www.thethreeyearexperiment.com
Seeing that sign after two full days in a car felt very good.

Also, yesterday, my sister thought she’d speed up my transition into North Carolina living, by taking me to a yoga class on someone’s back porch in 88 degree weather. Ten minutes into class, there was a puddle of sweat on my mat. And I think (ok, I know!) I belong in the beginner yoga class. These ladies were popping up into headstands on a dime. It’s a really good thing there’s no picture of that.

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent. Since we’ve achieved the latter goal, we’ll be primarily focused on the former in each of these reports going forward. Each month, I record our progress on our net worth and our spending. Last year, we increased our net worth by 32% over the year before. This year, we’re trying to increase it by more than 65% from where we started in December 2016. Given the wild ride the market’s likely to take us on this year, I’m not sure it’s doable. But we’re going to try.

This month’s net worth report will be a little strange. It will take into account the (massive) loss of equity in our net worth from the move. We paid for realtors’ fees, closing costs, repairs, the move itself, attorneys’ fees, hotel stays, eating out, and the other myriad costs to move. Was it worth it? 100%! We’re living our dream of location independence (very firmly in one location, but hey, that’s what we want). It is a little hard to write down in black and white, though. Continue reading “June Net Worth Update”

Our Location Independence: Your Questions Answered

After I posted our news that we’re moving to North Carolina this summer and will officially be location independent, some of you had questions. I thought I’d publish a follow up post to answer those questions and hopefully shed a bit more light on some of the decisions we made.

But first, make sure you read this post that details that plan. It contains a lot of information about where we’ll be and what we’ll be doing!

Okay, on to your questions!

The Numbers

Jalpan from Passive Engineering asks, “My question would be on the numbers. How did you decide your original number  and how did you reach the conviction that you’ll still be okay even though you’ve not hit it?”

Great question, Jalpan. When we first decided the net worth number we wanted to hit, we knew it wasn’t the same as our FI number. In order to be completely financially independent, we’d need to save up more than our double net worth goal. But, we assumed that during location independence we’d either:

  • be working full time or
  • be traveling for a short amount of time, like a year

Continue reading “Our Location Independence: Your Questions Answered”

The Big News

Mr. ThreeYear and I have some news to share. I’ve been waiting to tell you for awhile, but I wanted to wait until everything was finalized first.

The Big News www.thethreeyearexperiment.com

This summer, we’re going to be location independent!

That’s right, we’re doing it a full year and a half earlier than our plan. Needless to say, we’re pretty excited.

No, we haven’t reached our goal of doubling our net worth (we’ll keep working on that). And no, we aren’t going to take off on an around-the-world trip (yet!). But we are going to be able to move wherever we’d like.

We’ve sold our house in New Hampshire. We’re just waiting until the end of the month to close and move. I’ll be sure to write about all the details of our house sale and move later this summer.

And, we’ve found a place to live in a small community in a lake town of North Carolina.

How Did This Happen?

We felt very good about our timeline of becoming location independent by the end of 2019, and were working hard to save up and make decisions about how we’d make our location independent lifestyle look (if you read earlier posts, you’ll see we’ve changed our minds on that a lot over this past year and a half). But, this January, I had a fateful conversation. Continue reading “The Big News”

Location Independent, International Jobs: Jaime from Keep Thrifty

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent or work internationally.

Today you’ll hear from Jaime from Keep Thrifty. Jaime and her husband Chris write about exploring the location independent lifestyle over the last year . I’m amazed at how brave and out-of-the-box they are in the decisions they make for their family. They refuse to take the road that they’re “supposed to,” and instead make the decisions that are right for their family.
This interview will cover:
  • How to take a mini-retirement
  • Financing a traveling lifestyle
  • The downside of location independence
For the complete story of how Jaime and Chris have made a mini-retirement (and trial location independence) work for their family, read on.
Can you tell us a little bit about your background?
Family on a Hawaii beach www.thethreeyearexperiment.com
Chris, Jaime, and their girls in Hawaii this year. 
My husband and I met while in college at UW-Madison. Before Chris graduated, he was offered a full time job at GE where he had his co-op. This allowed him to stay in Madison since I had two more years before I graduated. After I finished school, I worked as a personal trainer, we bought a house, got married, Chris got his MBA, and we had our first baby, N.

We were settled and content, but under it all we longed for more. Then I found out I was pregnant with twin girls, had a tough pregnancy, prayed for my babies, and at 37 weeks welcomed A & B into the world. A had surgery right away and spent a month in the NICU. Our life was at once overwhelming, but it was the push we needed to move past contentment and start working on our dreams.

Jaime in the hospital with twins location independence www.thethreeyearexperiment.com
After the birth of their twins

Your Complete Guide to Location Independence for Families

Have you ever dreamed of having the freedom to live wherever you’d like? Have you thought about moving to a warmer/cheaper/bigger/smaller town or city? Have you dreamed of being able to travel for longer than two weeks a year with your entire family?

Your Complete Guide to Location Independence for Families www.thethreeyearexperiment.com

Our family is pursuing a dream to become location independent, in order to be able to be closer to our families who live on two different continents, enjoy warmer weather than we currently do in New Hampshire, and travel for longer stretches of time.

For the last year and a half, we’ve been exploring ways to make that dream come true. We’re investigating overseas employment options. We’re saving and investing in order to double our net worth. We’re looking into non-traditional work arrangements.

What is location independence?

Location independence is a term used to describe a lifestyle in which you’re not tied to one location. You are free to travel for long stretches of time, if you so desire. You’re not tied to a place because of your job. You don’t have work obligations that mean you need to report to an office each day. You may live in one city, but you’re free to choose that city. You’re able to practice geographical arbitrage, and live in a region of your country or the world that costs less.

It’s generally a term that’s used when people are still working, and haven’t yet reached financial independence, but because of the way they’ve structured their lives, they’re able to work from anywhere, or almost anywhere. Location independence for families is building a lifestyle where your entire family can come with you. Whether you’re a family of 2, 5, or 25, location independence can work for a family, but extra planning IS required.  Continue reading “Your Complete Guide to Location Independence for Families”

Location Independent, International Jobs: Dana Leigh Lyons of Alchemist Eating

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel.

In today’s interview, you’ll hear Dana’s story. Dana is a Doctor of Oriental Medicine, teaches at a Chinese Medicine college, and runs her own coaching business: Alchemist Eating.  As a long-distance eating and lifestyle coach, Dana helps people eat in a way that’s healthy, intuitive and uncomplicated. Her work combines eating, medicine and minimalism.
This interview will cover:
  • how Dana created a location independent career in an unlikely field
  • why it can make sense to change careers in your 30s
  • tips to eat well for less, including the foods you should buy
For the complete story of how Dana has made a location independent life, read on. 
Can you tell us a little bit about your background?

I come from a small, rural town in Maryland but lived abroad on-and-off throughout adulthood.

Dana Leigh Lyons www.thethreeyearexperiment.com
Dana Leigh Lyons of Alchemist Eating. (Photo credit: Bobbi Barbarich)

I’m now in my 40s but in my 20s and 30s worked as a location-independent translator, editor and writer. In that “past life,” my homes included Washington, DC, (where I completed my Master’s degree), Egypt, Thailand, and many super-temporary spots (China, Ethiopia, Lebanon and Mongolia, to name a few!).

Dana Leigh Lyons--www.thethreeyearexperiment.com
Dana meditating with her cat by her side. (Photo credit: Bobbi Barbarich)

I tended to change homes (and continents) every few years during my 20s, but then moved to Nelson, British Columbia, for Chinese Medicine school. The doctor program here is 5 years, which meant staying put! Thereafter, I spent time in Florida and Colorado, where I’m licensed as a doctor and started my own business. Until… the Chinese Medicine school invited me back to teach. I was thrilled to return to my “true home” of Nelson, where I now teach acupuncture, herbs and food therapy. I’m also helping develop the college’s upcoming nutrition program.

Continue reading “Location Independent, International Jobs: Dana Leigh Lyons of Alchemist Eating”