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!
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