Our Summer Road Trip

Summer’s here! At least it is for the Junior ThreeYears and me. All three of us are out of school for the next nine weeks. So, what better time to whet our appetites for location independence than a summer road trip?

Last year, the three of us hopped in the trusty Prius and drove all the way from Northern New England more than 14 hours to North Carolina, to stay with my sister and her family, and then South Carolina, to stay with my parents. We spent four glorious weeks with no agenda and no plans except to spend time with our family and enjoy the summer.

Summer Road Trip--www.thethreeyearexperiment.com

This year, we’re going to repeat the experience. We’re currently busy preparing for our departure. How did we decide to spend a month “down South” and how did we make it happen? Continue reading “Our Summer Road Trip”

Location Independent, International Jobs: Steve of Think, Save, Retire

Hi folks! Welcome to the second post in my Wednesday series. These are real stories from people who have become location independent, work internationally, and/or continuously travel. They’ll be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now. 

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved the life, so we can learn more.  

Today, I’d like to introduce you to Steve, from the blog Think, Save, Retire.  Steve very kindly agreed to share his story when I reached out to bloggers on the Rockstar Finance Forums (check them out! Tons of financial nerd types like myself discussing all aspects of financial independence!).  

Steve retired at age 35 and he and his wife Courtney currently travel the United States in their Airstream (a.k.a. my dad’s dream mode of transportation). Steve has given up traditional employment and now blogs about how he and his wife created a life that freed them up to do more of what they really value the most–namely, travel. 

Without further ado, take it away, Steve!!

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

I’m 35 and recently retired from full-time work. I worked in the information technology industry for my entire career doing things from computer programming and database administration to being the Director of Information Technology at a not-for-profit organization. I was born on the East Coast, but I’m definitely more of a West Coast kind of person, so I moved out here in 2007 after starting my first real job in Virginia. I’ve been married for almost three years, and my wife and I live in our 30′ Airstream Classic with our two rescued dogs, Patti and Penny.

Steve of Think, Save, Retire--www.thethreeyearexperiment.com
Steve and Courtney enjoying the good life!

I don’t consider myself to be a “smart cookie.” No prestigious degree (I have a degree in Information Technology from a no-name school in Colorado). I’m not published in journals. My ideas haven’t been studied by industry experts. I’m a normal person just like anyone else. The main difference is I chose a very different life for myself. Continue reading “Location Independent, International Jobs: Steve of Think, Save, Retire”

Location Independent, International Jobs: Mavis

Hi folks! Today I am absolutely delighted to share a new series with you. I’ll be featuring people who are either location independent, have gotten international jobs, and/or who continuously travel. They’ll be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances. 

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved the life, so we can learn more.  

Today, I’d like to introduce you to the first person featured in this new series. Mavis is a reader who reached out to me because, as she said, “You guys are on the same path that we are, but opposite! I’m an international teacher, and have worked in Bolivia, Honduras and now Saudi Arabia with my husband and two boys. We have taught overseas for several years and are hoping to achieve FI in the near future so that we can have location permanence for a while.” Mavis and her husband are both teachers, and have taught at international schools all over the world. She’s already been a great resources to me, pointing me in the right direction of the best recruiters and asking any questions I have about teaching internationally. 

I asked if she would share her fascinating story, and I know you’ll be as inspired as I was. So, without further ado, Mavis’s story! 

How International Teaching Has Provided My Family a Strong Foundation for FI

My husband and I turned to international teaching when we were fresh out of graduate school.  We were young, certified teachers, underemployed, adventurous, and ready to travel and experience the world.  We were introduced to the idea through a passing conversation with a colleague who had taught at a school in Taiwan.  Instantly, the scheming and planning began.

Location Independent, International Jobs Interview 1--www.thethreeyearexperiment.com
Mavis, her husband, and their two boys on a recent trip to Ireland.

After attending the AASSA Recruiting Fair, we found jobs at the American International School in Tegucigalpa, Honduras. Our original plan was to teach in Honduras for two years, travel, and come home to Canada to settle into our lives.  After these two years finished, there were still no teaching jobs available in Ontario near our family and friends, and we were not thrilled about the idea of moving back in with our parents as a married 28 year old couple.  We decided to do two more years abroad, this time in Saudi Arabia, in order to save money, gain more experience and see a different part of the world.  Two years soon became three, and now, after a few great job opportunities and adding two new little boys to our family, we have now been in Saudi Arabia for six years.  In total, we have been teaching overseas for eight years, and have stopped making future promises of returning home to our families 😉 Continue reading “Location Independent, International Jobs: Mavis”

Why Location Independence Might Make Sense Even if You Don’t Want to Travel

Lots of people, including our family, talk about location independence. What does it mean, exactly?

In the broadest definition of the phrase, location independence means being able to live wherever you’d like in the world. People achieve this in different ways.

Why Location Independence Might Make Sense Even if You Don't Want to Travel--www.thethreeyearexperiment.com

If you’re financially independent, and have enough assets or investments to live off indefinitely, you can probably become location independent without too much trouble. If you keep your cost of living the same, you can probably pull from your investments from anywhere around the globe. Yes, you might have some hoops to jump through to get there, like health insurance, but if you’re no longer working to pay your bills, chances are you have the freedom to move from place to place. Continue reading “Why Location Independence Might Make Sense Even if You Don’t Want to Travel”

The History of Our Side Hustles

In last week’s post, I laid out several streams of income that Mr. ThreeYear and I expect to utilize during early retirement. That led me to remember all the times we’ve had side hustles during our fifteen years together.

Mr. ThreeYear and I have always had an entrepreneurial spirit that runs through our collective veins.

Side Hustles--www.thethreeyearexperiment.com

I grew up as the daughter of a small-business owner. Although my dad was a pediatrician, he was also the owner and operator of his practice, and I grew up listening to him talk about managing his business for ultimate profitability. He was great at utilizing available resources to help him grow his practice in an extremely poor region of the country (rural South Carolina). Seventy-five percent of his patients received Medicaid, and despite the very low payout rates for those patients, he applied for government subsidies and programs to not only allow his business to survive, but to thrive. When he sold his practice a few years ago, he had over 14,000 pediatric patients in a town of only 4,600 inhabitants! Continue reading “The History of Our Side Hustles”

Letters of Intent

Mr. ThreeYear has been after me for a couple of weeks. “When are you going to contact international schools? When are you sending letters of intent?”

Our family is on a three-year journey to double our net worth and move abroad. One possibility for our move involves me getting a job as an ESOL Teacher in an international location.

Letters of Intent--www.thethreeyearexperiment.com

Why would I continue to work when we move abroad? Wouldn’t that limit our location independence? First of all, our plan is to move to one specific international location for a couple of years. We’d really like to expose our kids to new cultures, languages, and parts of the world. We do want to enroll them in a formal school, however. A teaching position gives us many of the benefits we’re looking for.  Continue reading “Letters of Intent”

Planing Our Way to Frugality

When Mr. ThreeYear and I decided to turn our financial lives around in 2008, we had a lot to learn. When we first started to budget, we wasted tons of money on what we now consider unnecessary expenses (things like alarm systems, cable, and yard service).

Planing Our Way to Frugality--www.thethreeyearexperiment.com

We were living in Atlanta at the time, and the dominant culture in that city can be a bit… showy. Since public transportation is limited there, as it’s one of the most spread-out metropolitan areas in the country, cars are a must. And one of the most popular Atlanta pastimes seems to be car one-upmanship. There was even a Lexus Lot at Turner Field, so that Lexus owners could park their cars in an exclusive lot much closer to the field. We were driving a BMW and an Acura at the time (although they were both very used), even though we had debt.

Then we moved to New England and we were exposed to a completely different culture. In the rural New England hamlet where we live, people like to say that they’re of hardy stock. After all, you have to be tough to brave seven months of snow, mud season, and the fierce weather that characterizes the very northeastern-most region of the country. Natives of this region are often seen in January in nothing more than plaid shirts, jeans, and boots, with temperatures in the teens (that’s roughly -10 for you users of Celsius). Continue reading “Planing Our Way to Frugality”

How to Become Location Independent When You’re Not Yet Financially Independent

In today’s world, thanks to globalization, fast modems, and cheap airfare, it’s increasingly possible to live anywhere. So why don’t we? Mr. ThreeYear and I live in New Hampshire because of his job. We live in the US because it’s an English-speaking country where I was born and raised.

It’s been a dream for some time, though, to become location independent, not to be tied down by employment to one particular city or town,  so that we can move abroad, or even split our year between Chile, where his family lives, or the Carolinas, where my family is.

santiago graffiti--www.thethreeyearexperiment.com
Mr. ThreeYear and the boys in front of some prime Santiago graffiti

Dreams are fun, and they inspire you to think big and imagine. They can also inspire a certain amount of dissatisfaction with your life, if you let them. When I was always dreaming about moving abroad, but felt it was impossible, it was very frustrating. Continue reading “How to Become Location Independent When You’re Not Yet Financially Independent”

Updating Our Pendant Lights

Hi! If you’re new here, I’m Laurie and my family and I are on a three-year journey to location independence by doubling our net worth so we can move abroad.

pendant lights--www.thethreeyearexperiment.com

During our three year experiment, one of our goals is to get our house ready for sale. To that end, we asked a realtor to visit last month and give her opinion of what needs to be done to make the house ready. It turns out, a lot. But the good news is, we have time to tackle all of these projects slowly, so we’ll be able to do a lot of the work ourselves.

Mr. ThreeYear and I are not DIYers. And we’re not especially detail-oriented. But we are committed to amplifying our skill set and learning in order to get the house ready. Continue reading “Updating Our Pendant Lights”

Are You the 1%?

Last night, my son asked me to replay a video I’d shown him last year.  It’s called If the World Were 100 People. Maybe you’ve seen it. One of my professors in a TESOL (that’s Teaching English to Speakers of Other Languages if you’re new here) Master’s course had introduced me to the video last Spring.

World 100 People--www.thethreeyearexperiment.com

If you’ve got two and a half minutes, it’s a great watch.

The company that developed the video, GOOD Magazine, used research from the Central Intelligence Agency’s World Factbook to give us an idea of what our world would look like if its 7.5 billion inhabitants were reduced to a mere 100 people. 100 is a number we can wrap our brains around fairly easily. We all know 100 people. We’re probably friends with 100 people. Continue reading “Are You the 1%?”