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Tired of spending money on rent? How about living in an RV!
Joe and his wife have lived in an RV for over 4 years now and are loving every minute of it. They have also been working towards their path to FI, continuously accumulating FU money and allowing them to go travelling, to survive a lay off and for Joe’s wife to start her own business.
You’ll love how inspiring his story is.
We also chat about…
- Building FU money
- Living in an RV for over 4 years
- Joe’s layoff
- His future FI goals
- The struggle of not knowing when to quit
Enjoy this chat with Joe, and please subscribe to us in iTunes if you enjoyed it!
Show notes and links from today’s episode
- OnTrajectory tool
- Joe on Instagram and Twitter
- Book: The Girl of the Sea of Cortez
- Book: Stuck on an island
- Book: Sailing the Golden Sea
Key takeaways from our chat with Joe
1 – The path to FI has its advantages
Thanks to having FU money, Joe was able to survive his lay off even though his wife’s business wasn’t really making an income yet. He took advantage of his time off to go travelling and help his wife with her business. They had been saving for a few years and this allowed Joe to have more options – even though the lay off came as a surprise! This goes to show how FI is really not just about the number, but really about the journey.
2 – It’s all about having your finances in order
Joe tells us that companies need to make a profit, and sometimes that means letting employees go – there’s not much you can do about it. The only thing you can do is have your finances in order and be ready if something happens. He says this FI lifestyle will give you the flexibility to do whatever works best for you, without having to depend too much on external circumstances.
3 – The ‘one more year’ struggle
Joe could quit his job now if he wanted to and would essentially be Lean FIRE. However, he explains that he is comfortable at his job and is enjoying what he’s doing at the moment, and so would rather continue working and accumulate more money just. He talks about how difficult it is leave your comfort zone and quit your job. All this into account, his job gives him a lot of flexibility and allows him to travel and achieve his dreams of hiking and exploring. Once again, if you’re enjoying the journey, there’s no rush to reach FI sooner 😉
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