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You can retire early when you have kids
Let go of any excuses and learn how you can retire early even when you have kids, on this week’s Queer Money®. Then kick start your financial independence journey by getting your free copy of the 7-Step Credit Card Debt Slasher.
How can you find creative ways to increase income and reduce expenses
Think you can’t achieve FIRE and grow a family at the same time? The truth is, there’s no reason why you can’t reach financial independence and retire early with kids at home.
So, what if you stopped using your kids as an excuse and started to see them as inspiration to achieve FIRE faster?
Court is the Money Coach behind Modern FImily, a platform designed to help others achieve financial independence. Court and her partner Nic went from $110K in student loan debt to a net worth of $1M in nine years and hit FIRE while growing their family of four.
On this episode of Queer Money®, Court joins us to share her experience being home with Nic and their two young children and offer insight on how to reduce the cost of raising children. Court discusses how she leveraged stocks, house hacking and tax-advantaged accounts to achieve FIRE and describes her commitment to spend according to her FImily’s values.
Listen in for Court’s advice around the added cost of having kids for LGBTQ families and learn how to approach FIRE while you build a family.
Listen to insights on how you can retire early when you have kids:
Topics covered on how to retire early when you have kids
- Court’s experience being at home with her partner and 2 young children
- What a typical day looks like for Court and her family
- Court’s insight on how to reduce the cost of raising a child
- Why Court would rather spend time with her kids than work to afford expensive things
- Court’s take on Lean vs. Fat FIRE and how much her family spends in a year
- How Court is using parental leave to transition to early retirement
- Why your mindset is just as important as saving toward your FIRE number
- How Court leveraged stocks, house hacking and tax-advantaged accounts to achieve FIRE
- The pros and cons of living in Canada (from a financial perspective)
- Court’s commitment to spending according to her values
- Finding creative ways to increase income and reduce expenses
- Court’s advice around the added cost of having kids for LGBTQ families
Connect with Court
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on YouTube
- 7-Step Credit Card Debt Slasher
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on iTunes
- Email [email protected]
Resources on how to retire early when you have kids
- Court on Queer Money® EP200
- ‘Raising a Middle-Class Child Will Likely Cost Almost $286,000, According to US Data’ on CNBC
- Varage Sale
- The Simple Path to Wealth: Your Roadmap to Financial Independence and a Rich, Free Life by JL Collins
- Canada Child Benefit
- Mr. Money Mustache
- CreditWise
Get more on how to retire early :
- Your SureFIRE 5-Step Early Retirement Plan
- 9 Steps to retire Fast(er)
- Reach Financial Independence & Retire Early
We’re David and John Auten-Schneider, the Debt Free Guys and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs, and 3) save and invest for retirement.