We are new to the idea of early retirement, but my hubs and I have already been living frugally and love the simple life - we have no children yet.
Earnings: 50-55k (after taxes, health insurance, and retirement contributions.)
Expenses: (including our mortgage- fixed 3.5%-160k/29 years left to go) $2500 monthly
Debt: nothing but the house
We intend to start a business this year or next year that would generate additional income, but there are a few lose ends to tie up before we can do that.
Should we focus on paying off our house at this point? Or should we invest? What can we do to start heading towards freedom?