For our Family FI segment this month, we’re talking about achieving financial independence with kids. A lot of people out there think that you have to choose one or the other. “You can’t have financial independence if you want to have kids” or “you can’t have kids if you want to have financial independence”.
My guest today completely disagrees with that sentiment because he’s walking, talking proof that you CAN have both.
Jim White from Route to Retire is my guest today. He’s a father, husband and recently he left his 9-5 job after becoming a millionaire and reaching financial independence at the age of 43.
Have you ever thought to yourself, “Well, yeah, I could definitely save a lot more if everything wasn’t so freakin’ expensive?!”
Our newest inductee to the Young Millionaire Club thought the same thing and decided to do something about it. Anand from Rebirth at 45 decided to move his family overseas for a few years and use the power of geoarbitrage so he could save 80% of his income. By banking that income, he’s accelerated his path to financial independence and he’s become a millionaire.