In the personal finance world, lots of people talk about achieving FI — that is financial independence. Yet the stereotype of those pursuing it — often a young, single guy keeping expenses low because hey, there’s only one person — doesn’t look like a lot of us.
Enter Harmony Smith. This blogger (behind Creating My Kaleidoscope) has been writing for the past decade (under a “nom de blog”) about her family’s financial journey. They paid off significant debt while having five kids, and then they bought a homestead while aiming for “semi financial independence.” In this week’s episode of Best of Both Worlds, she talks about life as a lawyer, and the steps she’s taken to make work and life fit together as her family’s primary (and for a while, only) breadwinner. Hear about her family’s month-long RV trip, her forays into craft fairs, and how the family drives a decommissioned school bus (sounds more roomy than my mini-van!).
In the Q&A, Sarah and I address a question from a listener about how to keep track of and deal with life administration without feeling overwhelmed.
Please give the episode a listen, and please consider joining our Patreon community! We have great discussions on the forum (3-4 threads a week, often with 30+ comments). We will be hosting our (Zoom) book club discussion on Virginia Sole-Smith’s Fat Talk on November 28th, and then on December 12th, Sarah will be leading us in her annual goal-setting workshop. Given that membership is only $9/month, this is an inexpensive way to get a taste of Best Laid Plans Academy content. Plus we have a lot of fun! Hope to see you there.
In the meantime, do you have a target age for retiring? Has this changed over the years? I can’t see myself retiring per se as I like what I do. We shall see.