I grew up poor and was always a good saver and against debt.
- Bought used cars and kept them a long while.
- Saved max RRSP(Canadian 401k)
- Bought a smaller house and made extra payments to get rid of mortgage in 10 years.
Then the house got paid and I suddenly had too much money while already maxing out retirement savings. At the time it did not occur to me to save outside of a tax sheltered account or that leaving the workforce earlier than 55 was even possible.
So for 2-3 years I bought expensive cars, lots of restaurants and expensive travels.
Now I am back on what I feel is my true path.
I could do more but changes I have made should already allow for FI at 50 and possibly a few complete summers of road trips with the family before that.
Maybe this is the path for me. Maybe I'll save even more next year and aim for FI at 45. To be continued...
