The Race to FIRE - Financial Independence, Retire Early

About Me

I’d never even heard about FIRE (Financial Independence, Retire Early) until a few years ago. The year was 2014 and my husband decided he would like to join me in early retirement. I had left the workforce years earlier to be a full-time stay-at-home mom. At the time, we were still 20 years away from the normal retirement age in America and although we’d done all the right things, like maxing out savings in 401(k) plans, starting 529 plans for our children and living within our means, we were nowhere near ready to go from an income of one to none.

We had grown to a family of 5 (with 2 teens and a tween) when we devised our 6-year plan. That would give us enough time to hopefully grow our wealth so that my husband’s paycheck was not needed to maintain our current lifestyle.

We’re now less than 3 years away from total FIRE (summer of 2020) and so far, thanks to a great bull market in which a rising tide lifts all boats, we’re on track. In this blog, I’ll post the details of some of our successes (like investing in the Dogs of the Dow strategy) and some of our failures (like picking individual stocks – how could anyone lose money in this market?) Plus, I’ll post about our ventures into peer to peer lending, rental properties and other sources of income, as we work toward our target of complete financial freedom.

Oh, and one more thing. We’re American citizens living in Canada. We moved to the Great White North for an awesome career opportunity for my husband. That was back in 2011, long before it was trendy to move to Canada to escape the current political environment in the US. I’ll also be posting about what Canadian healthcare is really like, from the perspective of a very active family (think many broken bones and a couple of surgeries). I’ll share thoughts on the many differences (and similarities) between the two countries. And since we have assets we’ll need for retirement in both countries, I’ll also be writing about monetary differences, such as Forex (Foreign Exchange or currency trading), and the privilege of paying income taxes in 2 countries (she says sarcastically).

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