So I've spent the last 15 years working nine to five we actually sat down and did the math that's
31,200 hours or 1 million 872,000 minutes dreaming of a day that i would be financially independent
and be able to retire early two weeks ago that day finally arrived and i was able to retire early at
age 38. in this video we'll explain why i did this the good the bad and our future plans yeah okay
well this is gonna hurt like a mother
hey guys it's amber and jared here from holy city family our goal is to empower you to
achieve financial independence and to provide the best education for your children so that everyone
can pursue their dreams and ambitions if it's your first time here thank you for joining us
make sure to hit the subscribe button and the bell below to receive our weekly videos all of
our videos are for informational purposes only and do not constitute financial advice please do your
own research consult a certified and trusted financial planner who will put your interest
above their own before following any advice we may offer okay so first let's talk about the why
there are so many reasons that i wanted to do this it's hard to explain all those to you but here's
here's my best shot so number one is to spend time with my beautiful three children michaela finnegan
gwenevere and and just watch them grow up and right now they're all under five so they're just
at a very young age the greatest legacy that i can leave behind for my children is to spend proactive
quality time with them especially during these young years of their life also to spend time with
my parents now that they're also in retirement more freedom to pursue things that i'm passionate
about the ability to spend more meaningful time doing fun things for a long period of time instead
of just one week here and there on what we call vacation empowering others to achieve financial
independence and retire early or fire and we wanted to prove that this could be done on a 75
000 salary with three kids and by the age of 40. kevin o'leary said it best when he said a salary
is the drug they give you to make you forget about your dreams now let's talk about the good
the day i retired i instantly felt a weight off my shoulders from all the work related efforts
that i was doing my responsibilities project timelines i've definitely been able to focus
more on the more important aspects of my life that are truly important to me i'm really excited about
the time that i'll get to spend with the family in the future that we're going to have together
we were able to get better cheaper health care coverage believe it or not i've renewed my focus
on overall fitness and health something that i've been struggling with for the last few years
and i also now have a total have total control of my schedule which is nice another big advantage
of retiring early is that we're able to roll over our 401k into an ira and invest in a wide variety
of assets not just the handful of mutual funds that we had access to before we also have more
time to focus on diversifying our investments exploring new opportunities things like that
so for me the good that i see in jared now is that i can see an instant change in his daily mood
he seems rejuvenated from having that daily pressure lifted off of his shoulders
um there's actually more interactions throughout the day with the kids which
i know is like a very important thing for a male to have especially um that bonding
it's as simple as like just going on midday walks or early morning walks and not having
to run back to a meeting or going to the pool with us before lunch those just those simple
little moments that he's not missing out through the day um and then it's also an opportunity for
us to work together on just those daily routine tasks that um either i was taking or he was
taking and we're never able to really split it up and think about it yeah that's a good point
okay now let's talk about the bad so while there's a lot of great aspects to leaving your job leaving
your day job and retiring early there's also some negatives and and these are things that once once
i retired we realized quickly that there was just a different feel and it's something that you can't
simulate without actually doing it which is why we wanted to share it with you what happens is you
you all of a sudden feel like your income stream is less stable and you can feel that it's variable
and it's not such a sure thing as it was before so that's something that's definitely hit us in
the first two weeks just that realization also focusing on our budget and cost of living is has
become more critical it seems like in the past it was more like practice that we did but we always
knew that we had the income to cushion us if we went over on things but it's like now it's it's
for real right we actually need to stick to it and take it really seriously yeah and i think for me
in my mindset it's a it's a nervous feeling and scared of that unknown without having that
stable income like he said before um we've got to learn to sacrifice and take out some of those
extra things that aren't necessarily a necessity in our life and now that again like that budget
becomes a priority to us you know we talk about it in our videos but now it's like it's for real
um and that it's on now our money is being spent in the ways that add value to our life and enhance
our life that leads into being more strategic with our time and that money that we have yeah i agree
so now let's talk about our future plans one of the big things that we want to do
is build up holy city family this company this youtube channel and all the work that's going
into it we also want to diversify our investment portfolio and explore alternative assets vacation
rentals things like that and really dig into that and figure out what some other options would be
we also want to take a number of family trips just some off the top of our head or a nice trip
to disney world with the kids a cross-country rv trip a trip to canada and an african safari and
who knows what else probably some cruises whatever we can come up with more intentional about making
home videos with the kids and capturing those precious priceless moments uh like the first steps
first birthdays all those things that the kids are going through now we want to make sure that we
remember those document those and for us we want to homeschool our children together i think that
would be like a great opportunity to have both of us in that role for the kids and then spend
time learning new hobbies we're just thinking like fishing since now we live in charleston
and crabbing and expanding our garden knowledge and even like woodworking and building things we
used to we used to do that now it'd be nice to get back into that okay so let's recap now that we've
shared the start of our early retirement journey we want to hear from you guys please leave us a
comment below on your fire progress share any tips that you may have and let us know how we can help
we look forward to connecting with you and sharing our story through the ups and the downs
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