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How Our Government Jobs Helped Us Reach FI | Our Rich Journey

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

Released Wednesday, 6th November 2019
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How Our Government Jobs Helped Us Reach FI | Our Rich Journey

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

Wednesday, 6th November 2019
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Do you dream of retiring before your 40s?Amon and Christina retired at age 39 and moved to Portugal with their two daughters. Thanks to their government jobs, they were able to achieve a very high savings rate of 70% and build a nest egg of 25 times their annual expenses in just 8 years. They've now been retired for 3 months and enjoy their time relaxing and spending more time with their girls.You'll love that story.We also chat about...How they got started on their journeyTheir FIRE numbersWhy they got government jobsTheir asset allocationDealing with health insurance abroadEnjoy this chat with Amon and Christina, and please subscribe to us in iTunes if you enjoyed it!Show notes and links from today's episodeBlog: Our Rich JourneyOur Rich Journey on Youtube and InstagramVideo: Top 5 Companies Always HiringKey takeaways from our chat with Amon and Christina1 - The journey starts with the right mindsetChristina and Amon explain that the FIRE movement is a unique world where many people outside believe that reaching FI is not possible. But they argue that it is possible if you have the right mindset and keep a positive attitude. Their journey started by working on their mindset, and then they started saving money, investing in real estate and educating themselves about money management.2 - How they were able to save 70% of their incomeThey attribute their high savings rate to having government jobs that paid for all their living expenses abroad. They worked in Japan and in Spain, and were able to live for 10 years mortgage and rent free. They also saved on insurance and transportation, and would travel for free with credit card hacks. They had the purpose of FI and kept putting that money into the stock market to be able to retire early. The good news: there are a lot of opportunities to work with the federal government and it's not hard to get a job with them overseas.3 - Their lifestyle in PortugalThe couple describe their life as an extended European dream. Their days are extremely flexible and they have a 'semi-structured' life with their girls going to school everyday. They're in Portugal on a retirement visa and have decided to focus on building their children and spending as much as time as they can with them.Questions? Like or dislike? Leave us a comment!Want to support the podcast? Here are three things you can do.1. Start tracking your net worth with Personal Capital using our link. It's free.2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.3. Join our Facebook group and connect with other members of the FI community.
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