Have you ever taken a prepaid vacation? Maybe you went to an all-inclusive resort, a cruise, or a tour vacation. By prepaying before you go on the trip, you cover the cost of lodging, food, transportation, and oftentimes gratuities and incidentals like phone calls. We just got back from a prepaid Disney vacation, and I am convinced it’s the best way to enjoy Disney World.
Our family got back from our epic week-long Disney trip two weeks ago. It was the very first trip Mr. ThreeYear, Junior Three Year, and Little Three Year had ever taken to Disney World. I’ve been several times throughout my life, but we were never interested in making a trip with the boys until now.
First of all, my brother-in-law is a big Disney fan. He and my sister have gone multiple times since they’ve been married six years ago, and they invited us to go with them about a year ago when they started planning the trip. Second, they agreed to plan 100% of the trip for us. If you’ve ever been to Disney, you know that to get the best experience requires some major planning. And my brother-in-law was more than up to the task.
He read Disney blogs, researched the ways to get the best deals on places to stay, reserved our fast passes exactly sixty days before we left so we could get the best ones, and even filled out our online Disney Destinations profiles for us. All we had to do was pay for the trip and show up.
Disney World is very expensive, unfortunately, especially when it comes to food, so we made the decision to go all-out on this trip, which will be our one and only Disney trip while the boys are young.
Travel with kids can be a scary concept for some people. Just thinking about flying with your baby can inspire terror in the most stoic of travelers.
And while I admit that flying with our youngest was the reason that we have two, rather than three, kids today, traveling with kids can be done in a way that creates good memories for the whole family. Yesterday our story was featured on Millennial Money Man‘s blog and in it, I shared some tips we’ve gathered during the past few years for traveling with kids and sticking to your budget.
Bobby is the millennial behind Millennial Money Man and his story is pretty cool. He used to be a high school band director, but after paying off $40,000 in debt on his teacher’s salary, he started a blog, and then decided he was going to turn the blog into a business. He shares his monthly blog income reports and he’s been pretty successful so far. While our family is obviously far from the millennial category (although my sister tells me I am now officially a millennial because they’ve decided to include ’79ers), I know there are a lot of people with kids, or thinking about having kids (like Bobby and his wife Coral) and they’re wondering how to fit kids into their travel plans.
While I didn’t include details about how to survive the plane rides (drug your kids), I did include other tips about making travel work with limited travel dollars. So read on! (And I’m kidding about the drugs–sort of).
Slow travel is a lot cheaper than rapid travel. When you’re forced to cram a week in Florida into your kids’ Spring Break schedule, you’re going to pay through the nose for airfare, battle higher prices at hotels, have more crowds, and feel compelled to spend more since you only have a few short days of vacation.
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”
We got back from a weekend trip to Montreal, Quebec, yesterday. We’ve been wanting to take Junior and Little ThreeYear for ages, and we finally bit the bullet and put a weekend trip together (here’s my philosophy on travel spending).
We normally travel for longer periods of time, but once in a while, maybe one or two times a year, we’ll go on a weekend adventure. These short trips are usually expensive, since we tend to eat most of our meals out and stay in more expensive lodgings, but we pack a lot of sightseeing into a few days and make lots of memories.
This was the boys’ first trip ever to Canada, which is sort of embarrassing to admit since we’ve lived two hours from the Canadian border for eight years, but I definitely subscribe to the adage “better late than never.” We drove up to Montreal, three hours from our house, on Friday afternoon. It’s a beautiful drive through the mountains of Vermont, which then give way to the glacial plains of Upstate New York around Lake Champlain. Continue reading “A Weekend in Montreal”
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?
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.
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”
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 practice location arbitrage, as is the case with today’s guest poster.
Today you’ll hear from Moose, who blogs about FI at MSoLife. It isn’t everyday that you meet a fellow Carolinian with ties to Chile who speaks Spanish fluently. We’ve had fun ribbing each other in Spanish over email. I couldn’t wait to hear more about his plans for the future once he reaches FI in a few years.
This interview will cover:
Where Moose plans to move to live more cheaply once his family has reached FI
Who geoarbitrage is right for, and who it isn’t right for
How a mini-retirement can fit into your FI goals
For the complete story of how Moose plans to retire to South America, read on.
Can you tell us a little bit about your background?
I was born in France and have lived in Mexico, the UK, the USA, and
Germany, so it’s hard to say where I’m from, but I currently live in Los
Angeles, California and am from Charlotte, NC. I’ve been married for a
little over five years and we have one daughter, who’s two years old. I was
an Army officer for six years before going to business school and I’ve
worked in investment banking (for a short time and it sucked) and investment research for private equity and hedge funds.
Our family is currently on a three year experiment to double our net worth and become location independent. While we’re not there yet, we’ve learned a lot on this journey.
If you’re thinking about cutting the ties and becoming location independent, here are a few things we’ve learned (some, the hard way):
Kill the Debt
First things first, get rid of your debt. There is nothing more binding than owing someone or some entity money. Pay off your credit card balances, student loans, and car loans as fast as you can. Consider selling your house to rent. When you owe money to a person or an institution, not only are you beholden to that person or entity, you’re stuck working long hours, in order to pay your fixed expenses and pay back your debt, as well.
If you’re thinking about traveling, living internationally, or taking on a job that allows you to live anywhere, I highly recommend paying off your debt first. There’s an inherent unpredictability that can come with location independence, especially if it involves living in an international location or traveling for long stretches, and being out from under the burden of debt payments is freeing.
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 Kara‘s story. Kara is a mom of 4, married 22 years to her college sweetheart, and a simple living blogger. I asked her to tell me her story after I kept seeing her amazing Instagram accounts of her European trips.
This interview will cover:
how Kara and her husband TJ are able to travel around Europe for a month at a time
how frugal living has allowed them to pursue their love of travel, even while raising four kids
how they keep their spending low, even in a HCOL area and with kids at home and in college
best tips for low-cost travel
For the complete story of how Kara and her husband take month-long trips to Europe, read on!
Can you tell us a little bit about your background?
I don’t consider myself an expert in travel, money or simple living. My blog is a space to have conversations about ideas that can add value to life. Sometimes I talk about money, and other times the topic is growing vegetables. It’s really about all the activities that are necessary to live well; food, exercise, money, goals, self-investment, travel, gardening, minimalism and lots of other things. Habits can have a big impact on our quality of life; everything really is related. Working toward financial freedom and living frugally doesn’t have to mean operating from a place of scarcity. I’ve been so inspired by others’ stories and it brings me joy to pass it along to someone else. I hope in sharing my thoughts and experiences, I can encourage others to find their version of happy too.
I grew up in the Midwest, married my high school sweetheart at nineteen, and had four children. We’ve been married for twenty-two years.
Our oldest daughter is twenty-one and works as a gas turbine engineer in the Navy. We have three boys, aged 19, 17, and 16. Our oldest son is studying software in college and shares an apartment with roommates. Only our two youngest boys live at home now and will both be graduated from high school in two years. Since we started out so young, it seems like we’re on the verge of life 2.0 and it’s exciting! We’ve got big ambitions!
I studied respiratory therapy and worked in that capacity in the hospital setting. When we moved to Colorado, I was ready for a change and went back to school to study science, a field I’ve always loved. I have four more classes left to complete my degree in molecular biology. In order to earn some extra money and keep developing my skills, I’ve done some work part-time as a teaching assistant for the writing department at the university I attend.
My husband TJ manages a product development group for an AV company based in Orange County, California. He works out of their smaller Colorado office and travels to the California office often. He loves the creativity and flexibility of his profession.
We’ve always been frugal and have saved money as we could over the years. A little over two years ago, I began reading more about finance and learned how we could be leveraging our money more effectively. Paying off consumer debt, downsizing our lifestyle, fully utilizing saving vehicles such as 401k, IRA, HSA and after-tax investment accounts has significantly increased our savings rate and brought us peace of mind.
In order to accomplish this, we live modestly. We own a 2-bedroom townhome and try to minimize our possessions more each year; following a minimalist lifestyle has freed up so much time, space and money. We have one car, a Toyota Corolla; we drive only when necessary. Instead, we bike whenever possible, even to the grocery store. We plan our meals, shop sales, eat leftovers, pack lunches, rarely eat out, and use our chest-freezer to minimize food waste. We use a clothesline to dry most of our laundry. We have Netflix instead of cable TV. We have a wide range of interests and entertain ourselves at home with cooking, hiking, listening to music, reading, and gardening. Rather than a miserly or spartan life, it’s full of life! And sprinkled in between is travel to interesting places. The goal is to invest in and improve ourselves along the way.
“Travel makes one modest. You see what a tiny place you occupy in the world.” – Gustave Flaubert
I was recently chatting with a friend who’s considering spending a few months in another country with her family. It’s a big decision and she’s not sure if it’s the right one.
Couldn’t their travel bug be cured by a road trip within the country? There are a lot of unknowns and what-ifs about up and moving to a totally different country and culture, especially if you don’t know the language!
A few years ago, when Mr. ThreeYear and I were planning an anniversary trip to Southeast Asia, several of my parents’ friends, who have all spent their entire lives in the same region of the US, asked why in the world we’d choose… Asia. My mom asked me over the phone one day, “What should I tell them? Why do y’all want to go to Southeast Asia?”
Sometimes, new opportunities can seem amazing. Becoming location independent, traveling the world, taking a job in a foreign country.
But let’s face it. Those opportunities can also be terrifying. How do you leave a place where you’ve lived, maybe for years? How do you take your kids out of the only school they’ve ever known? How do you leave your family behind?
With exciting new opportunities come LOTS of feelings. Mr. ThreeYear and I have wrestled with lots of these feelings and emotions during our three year experiment. And it turns out, we’re not the only ones.
Jaime, who runs the blog Keep Thrifty with her husband Chris, is facing the same daunting challenges of leaving what she knows and loves to face the great unknown as her family debates taking another year of mini-retirement, going back to traditional corporate jobs, or moving somewhere new.
Like us, Chris and Jaime are contemplating moving somewhere new or possibly, extended travel. They have lived their entire married lives in Madison, Wisconsin, and are surrounded by their extended families, whom they and their three girls see regularly. They’re facing the uncertainty and guilt of leaving behind their families in the face of a really strong pull towards adventure. Continue reading “When You Want to Move, But You’re Scared”