So often we hear from those who have already walked the path. We hear about their challenges and the changes they made after they have gone into effect. However, it can be hard to reconstruct exactly what they did on their path to a new life.
Troy and Lindsey are married with one child and recently paid off $88,000 in debt but are unsure of what to do next to set themselves up for the future. They both still enjoy their jobs but want to reach financial independence so that they don’t have to work.
Carol is 56 years old with just $300 in a retirement account. Due to her late start, her goal is to retire without having to worry that she can’t support herself.
Vivian is a single mom earning a high income, but is also fighting breast cancer and in the midst of a custody battle. Her parents have no retirement savings of their own, so Vivian is including them in her planning. Her ultimate goal is to spend more time with her daughter, family, and friends.
Matthew and Megan are a dual military couple, though he is in the British Royal Navy and she is in the United States Navy causing them to be geographically separated. Their goal is to be FI by the age of 40 and live off their military pensions taking advantage of international geo-arbitrage.
Martin and Ayesha are natural savers living in Chicago with their 2 children. Their goals are to develop a financial plan for their children’s education, decrease their taxable income, and increase their savings rate to 65%, with the ultimate goal of retiring 10 years.
Corrine is a 32-year-old accountant living in Gainesville, Florida who never had an interest in personal finance until this year. She is looking to become more intentional with budgeting and saving, prioritize what’s important to her, and build the life she wants.
Kristi is a single mom with a daughter living in Minnesota. She was introduced to financial independence right as she was finishing her MBA and was concerned about facing life after meeting her education goals. Since finding ChooseFI, she has been cutting expenses and increasing savings. She wants her daughter to develop a healthy understanding and attitude toward money as well as build a robust plan for her own future.
Zach and Marilyn love the outdoors and flipping homes. Living in Cedar City, Utah with their two children on a modest income, they managed to pay off $50,000 in debt and have been saving money in a lot of different buckets. They would like to purchase a dream home, increase their savings rate to 50%, increase their income, and maybe even house hack.