Our 2017 Household Spending: Reaching FIRE Without Feeling Deprived

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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4 Responses

  1. LW says:

    I absolutely LOVE your commitment to charitable giving. One of the things I see lacking in so many FI budgets is charitable giving. Time is a great gift, but money is what organizations and families need to keep operating. If we retire early with zillions of dollars, but don’t contribute to the greater good, then what’s it all really for? Thank you for your generosity and example of that generosity in a very public forum.

    • Hey LW,
      Thanks for your nice comment! Even after we retire we’ll still be committed to charitable giving. Besides helping others, it makes us feel really good as well. One thing that I realized about 7 years ago is that if I don’t start helping today when will I? I always had an excuse to not give such as a bill to pay and other responsibilities but once I started to eliminate debt and make room for other expenses I made sure to include donations and helping loved ones in there. My wife feels the same way about it so we do what we can.

      We also want to be more personally involved with charitable projects after we retire. We’re not making money off this blog since it’s just a hobby but if we do, in the future, we’ll most likely donate a percentage to charity and document it here. There are so many possibilities to continue helping. It’s the kind of projects that we’ll keep us motivated in early retirement.

    • Thanks, My Early Retirement Journey! I’ve always been really good with paying off my credit cards each month, so I was excited to learn that I could take advantage of the travel hacking approach. It’s not for everyone, and I only recommend it to people who are always on time and pay in full. It’s nice to be rewarded for being organized. 🙂 Are you doing any travel hacking? I’m always looking for new tips!

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