The Race to FIRE - Financial Independence, Retire Early

American Life in Canada

You may be wondering why American Life in Canada is appearing on a personal finance blog. Well, that’s because we are American citizens living in Canada. No, we didn’t move to Canada to escape crazy US politics. In fact, long before the latest presidential election, our family moved to Canada for a great job opportunity for my husband. It’s been a cool adjustment (no pun intended), to say the least.

But no matter where you live, if you are interested in achieving financial independence and retiring early, the formula is the same: win the lottery or more realistically, live below your means, save and invest. No matter your income, your education or your environment, living below your means is the key to retiring sooner rather than later.

Since most of our retirement savings are in the US, we’ve got investments on both sides of the border. Plus, we have the joy of filing income taxes in BOTH countries. We’ve adjusted to VERY high-income taxes (at least by US standards). We’re still adapting to socialized medicine (BTW, no one in Canada really likes it if you call it that). Americans sometimes call it single-payer healthcare (BTW, no one in Canada even knows what that term means). For a firsthand comparison of the healthcare systems of the US and Canada, check out this post, Single-Payer Healthcare – Painful or Painless?

Our goal is to be completely financially independent by the year 2020. The purpose of this site is to chronicle our race to FIRE (Financial Independence, Retire Early) and help and learn from others, with a similar goal, along the way. When we reach our goal, currently on track for the summer of 2020, we plan to build a small home on a lake and wait for visits from the grandkids. Since we’re planning on retiring early we still won’t have grandkids (hopefully). But as we patiently wait for them, we’ll be enjoying the prize of a race well run.


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