How are we slowing our pursuit of financial independence? Read below for a few areas where we have made intentional decisions to slow our pursuit of financial independence.
We have decided to prioritize family and time spent together over our pursuit of FI. Don’t get me wrong, we still have a high bar set for our financial goals, just not at the expense of things that are really important.
Giving has always been something that is important to our family. There are so many less fortunate than we are and it’s a privilege to be able to give back to people or organizations that truly need help.
Nothing can replace the memories we’ve created on these trips with our young children. It doesn’t make any sense to put off these experiences to later in life when our kids will only be this age once. Pretty soon they’ll be teenagers and we’ll have to drag them on family vacations instead of having them willing and excited to go.
Our approach is referred to as the anti-budget (credit Paula Pant at Afford Anything). The anti-budget involves automating your finances to pay yourself first (save, invest, and give), then pay your bills, then spend anything left on whatever you want.
During the off-season hours are lost to league meetings, recruiting new players, finding fields, fundraising, and more. During the season many weekends are spent on the field playing games. This time could easily be spent on an income generating side hustle that would accelerate our pursuit of financial independence.