FI Family of Six

Why I’m Not Writing My Kids a Blank Check For College

Mrs. FIF — Mon, 30 Oct 2023 21:14:38 +0000

Hey there, fellow financial explorers! Let’s dive into a topic that’s as important as it is fascinating – college funding. Specifically, I want to talk about why I’m planning to fund 75% of my kids’ college education instead of the whole enchilada. And not 75% of their dream school, 75% of an in-state school. Now, […]

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So Come On and Let Me FIRE

Mrs. FIF — Sat, 26 Nov 2022 18:36:12 +0000

I did it. After so much consternation over the status of the market and my own preparedness for leaving an admittedly good job, I made the decision to join my husband in Early Retirement. Though sometimes I still tell myself that it could be a sabbatical if it needed to be. I’m not sure if […]

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If I Go There May be Trouble

Mrs. FIF — Fri, 03 Jun 2022 21:52:22 +0000

It feels ironic that my last post began talking about how the bull market has rocketed me to my FI number faster than expected. Between that post and now, my investments are down around 10%. Beyond that, I had some unexpected expenses this year (dentist recommending ¾ kids get orthodontics), mother-in-law needing assisted living, and […]

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Should I Stay or Should I Go Now?

Mrs. FIF — Sat, 29 Jan 2022 16:36:13 +0000

As the markets have continued to do well during the pre-coronavirus bull market and the incredible recovery from the “coronavirus crash,” it is no surprise that many stories are floating around the Internet about people hitting their FIRE number earlier than they thought they would. We are no different. As our investments continue to climb […]

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The Best Way to Account for the Mortgage in Retirement

Mrs. FIF — Sat, 15 May 2021 22:17:34 +0000

To pay off the mortgage or not, the essential question all early retirees (except renters) must ask themselves. The folks that want to pay off their mortgage argue that no early retiree ever regretted NOT having a mortgage. I love the idea of not having a mortgage. And who wants to pay the extra hundreds […]

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Living Life 4% at a Time: Financial Independence

Mrs. FIF — Sat, 24 Apr 2021 15:48:24 +0000

The golden rule in the financial independence/retire early (FIRE) space is to amass investable assets worth 25 times your annual expenses, that is, you live off 4% of your investments, adjusted for inflation. So, during the first year of retirement, you withdraw 4%, during the second year, 3% plus the amount needed to cover inflation, […]

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No Spend September Has Us Selling All The Things

Mrs. FIF — Thu, 12 Nov 2020 05:37:12 +0000

Let’s be honest… I spend a lot of money. And I don’t even mean “my family”. I mean I spend a lot of money. Mr. FIF spends very little. He’s picked up our grocery shopping task (to lower the bill because I spend too much) and he does the home improvement spending as well. Not the best way […]

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The Money Experiences That Shape Us

Mrs. FIF — Thu, 12 Nov 2020 05:00:31 +0000

I was raised by a solidly middle-class couple. They were living the American dream. They bought a house, both worked, and had 2.5 kids (ok just 2). I remember always having whatever I needed, never feeling like there wasn’t enough – true privilege. My mom handled the finances for the family and credit cards were […]

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