December Freedom Fund Update: We Are Very Close to Declaring Financial Independence

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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6 Responses

  1. EL says:

    Hey congrats on reaching 94% of FI. What side hustles will you consider next year when you reach the goal? Will you move after also, when you officially resign? I have a longer way to go to reach my goal, but its good to see others accomplishing it. I think Ill be able to reach FI in 8 years. IF the DOW goes to 100K ill join you sooner. Good Luck.

    • Thanks! We’re not thinking of resigning next year since we want to save some more for a house in the future and have extra funds to help our parents. I can see us working for another 1-2 years after we become FI. It will depend on our circumstances but it’s a great feeling to know that we can pull the plug anytime after we reach our FI goal and do side hustles if we want to accumulate more for the other priorities listed above.

      I’ve been giving a lot of thought of what we would do after we officially resign. I’m trying to stay focused on things that I want to do without money being in the equation. We’ll continue to blog because we enjoy it even if it doesn’t bring a penny in profits. I’ve been getting back to piano lessons (on my own) so maybe I get good enough to play at piano bars! 🙂 Who knows? I might be known as a PF blogger and musician over the next 20 years.

      We’ll be moving after we resign since our location is best for work but not for the activities that we truly enjoy.

      Congrats on your FI goal as well. 8 years is not bad at all. If the DOW gets to 100k soon, don’t quit your day job!

  2. SO CLOSE!! I’m sure you can taste it right now. You have the right attitude, you don’t have to suddenly stop everything you are doing, but with FF, you have the freedom to do what you want when you want. That’s the ticket right there!

    I don’t know if you are a fan of the office, but I picture declaring financial independence much like how he declared bankruptcy (heres the link


  3. Congrats! We’re far from as close as you guys but it’s awesome to see someone so close to independence! When you’re there do you plan on quitting your jobs right away or tapering down? I’m in the unusual but fortunate position where I actually really like what I do and don’t plan on necessarily quitting when I’ve hit FI, but I’m curious to hear what you’ll do.

    • Hi Jackie,
      It’s good to be in that situation where you don’t need to quit your job after becoming FI because of dislike.
      We just reached our FI goal last month but are staying put for a little longer. Since we’re planning on moving abroad after retirement we can’t just pick up and go due to our obligations in the States. So we’re giving ourselves between now and next fall to clear our plates from these obligations. While that happens, we’ll continue to save to build a house abroad. Thanks for dropping the congratulatory note! 🙂

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