Tim & Amy Rutherford talk about early retirement, living with lower expenses and a busier schedule of fun, free activities, and what life changes they made to get there.
What you’ll hear in this episode:
- How did Amy and Tim meet and what were their spending habits at the time?
- What did “frugal” look like for Amy and Tim initially?
- With enough money in the bank, cutting their spending gave them an opportunity to retire almost as soon as they became aware of financial independence.
- Managing spending is equally as important as replacing income when it comes to reaching financial independence.
- Optimizing life is one of the most enjoyable things Amy & Tim ever did.
- What factors did Tim & Amy consider prior to leaving the workforce?
- Physical health
- Mental health
- How did a chart help Amy get excited about saving?
- “What’s tracked and measured can be improved.”
- There are fun, free activities in every part of the world.
- How do Tim & Amy fill up their days now that they’re retired?
- Walking
- Inviting friends for dinner
- Finding local activities
- Who are Tim & Amy’s “tribe” and how do they find them in new cities?
- What does it look like for Tim & Amy to be house sitters?
- They watch houses and pets, for free, with a place to stay for free.
- How much are Tim & Amy spending now, and how did they get there from $115k?
- Tim & Amy are actually living below their current budget – they aren’t missing out on things they wish they weren’t.
- “I want to walk the world while I still can.”
- How do Tim & Amy describe their retirement?
- Would Tim & Amy consider selling their house and traveling full time?
- How would people get started with house sitting?
- House Sitting Magazine
- House Sitting World
- Tim & Amy buy experiences instead of things.
Listen to Brad and Jonathan’s thoughts about this episode here.
Links to resources mentioned in this episode:
Mr. Money Mustache: What Does Your Work Truck Say About You?
Mad Fientist: Retire Even Earlier With Earning More or Spending Less
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