Our family is on a three-year journey to double our net worth, sell our house, and become location independent–in other words, to cut the cord and travel.
If you haven’t read our complete story, it was just featured on the blog 99to1Percent.
99 to 1 Percent
Here’s a sample:
Have you ever woken up to a truly terrible winter day, with snow and sleet pouring down, gray clouds and cold everywhere, and thought, “Get me out of here! I want to live somewhere warm and tropical!” before you pulled the covers back over your head?
We currently live in the American Northeast, in snowy New Hampshire. It’s a lovely state and a great place to raise kids. Winter just lasts a long, long time. November to April long. No Spring long. Summer starts in July long.
More importantly, we left our families scattered between two continents, nowhere near New Hampshire. My family’s in the South, and my husband’s is way South, in Chile.
One day, just over a year ago, around my birthday, my husband asked me what I wanted. “What I really, really want?” I asked. “I really, really want to spend half the year with your family in Chile and half with mine in the Carolinas.”
Once I spoke those words aloud, a dream was born. One I couldn’t unsay or unthink. “What if,” I asked my husband, “we could somehow double our net worth before I turn 40—that’s three years from now—and then that would allow us to take on jobs that pay less and we could be location independent?”
That conversation turned into our family’s wild and crazy plan to become location independent in just three years, which we document on our blog. We’ve spent the last year sharing our plans to double our net worth, sell our house, and transition to remote and/or international jobs over the next few years.
To read rest of the post, and for ideas on how you can cut the cord on your 9-to-5 job, click here.
I am so thrilled to be featured on 99 to 1 Percent‘s blog. Tina and Max are two 36-year-old professionals who came to Canada and the US as immigrants and have worked really hard to create financial independence for themselves and their daughter.
They graduated college without any student loan debt (because they worked it off before or just after graduating). Both got jobs in the corporate world and immediately started to adopt the easy-spending life of “big spenders” (making $60K and $90K each). Over the next few years, however, through a series of unhappy (or happy?) accidents, both realized they were being seriously underpaid relative to their colleagues, so they found higher-paying jobs and started a consulting business.
They’ve increased their income to $400,000 from $160,000 and plan to double it again in the next five years.
They keep their expenses to around $56,000 so they can save and build their net worth, currently at around $1.6M US.
And they plan to pay off their mortgage in the next five years, with tips they share on how to do that.
Hope you’ll visit 99 to 1 Percent and read our story!
We’ll be back on Monday with more financial and location independence stories!