Are you a millennial who is a little overwhelmed and depressed about the idea of working for the next 40 years, while saving 50% of your income before you can retire?
Are you a young parent who wants to spend every single second of the day with your children, but you have to work to pay for their stuff?
Are you a recent college grad concerned about how you are going to achieve financial security?
Are you a high school student questioning whether you need to go to college or not?
If you answered yes to any of those questions, you may be in the right place.
If you are at all interested in living your own life, all the time and right now (or soon at least!), not after a 40 year long career, this blog might just help you out.
Let me start by telling you what this blog is not.
- This blog is not a crazy story about how to pay off $48,000 of student loan debt in 3 months. I think that’s so inspirational, but we have never had debt, so that is not our story to tell.
- This blog will not tell you to stop getting lattes from Starbucks. I have an addiction that I’m not willing to give up quite yet – I try and practice what I preach.
- This blog will not outline how I spend 18 hours every week making our own bread, beans, and lentils. I’m not that great of a cook.
Most personal finance or even lifestyle blogs share stories of people working at good paying software engineer jobs or something like that, who can afford to save thousands of dollars a month in the stock market. Eventually, those people have enough money saved up to retire and live off of the interest.
We are not those people. I stay home with our 2 crazy kids and we live in an expensive city. We don’t spend money on things we don’t need, but still do not have the ability to save thousands of dollars a month. This isn’t stopping us from pursuing the life we want though. We have come up with a plan to retire early, despite not being able to save lots of money. And that plan is investing in real estate.
Life of Our Own outlines the story of how my husband and I are going after financial independence, with an average salary. We are not sitting on a beach right now living off income from a huge pile of stocks. We are living the journey to financial independence right now and want to share it with you. We don’t have all the answers (if you do, reach out, want to guest post?!), but we have some and we want to share them with you and share our journey with you.
Here at Life of Our Own, you can expect posts on investing in real estate, being a millennial in the world today, and most importantly, on living life on your own terms.
Oh, and sarcasm. Lots and lots of sarcasm.
How Did We Get Here?
After graduating college, we moved to Our Nation’s Capital and started down the “typical career” path. We took the HR people seriously at our jobs and starting saving a lot of money into our 401(k)s, without a second thought. We spent about 2 years saving a modest amount of money and living in one of the coolest (and most expensive) cities in the nation.
Since then, we have had 2 awesome children, and have experienced first hand how difficult it is to live a comfortable life on one salary. We have had to rethink our long term plans. As a one salary family, we simply don’t have the income to support a savings rate that would allow Luke to quit working at a normal age. It’s ok though. Because we are millennials, we are creative, and we can solve this problem!
Right now, we are “house-hacking” in the Denver area and are ready to start seriously pursuing our own life and taking hold of our future. We have some goals that we have published here, as a way to keep ourselves more accountable and on track
Our goal for this blog is to document this experience, because we’ve met so many people our age wishing for something more. Not everyone, especially not every millennial, can invest thousands of dollars a month in the stock market. But not many millennials have considered real estate investing either. Our goal for this blog is to inspire young people to consider this and to take the first steps. Because honestly, if we can do it, you certainly can.
We got started on this journey by reading about other people’s’ experiences through their blogs and have realized that everyone’s journey to financial independence is different. Everyone has a different flavor. Stick around, try our flavor out and see if it resonates with you.