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How to Retire Early When You Have Kids

Can you really retire early when you have kids?

Ever wonder if it’s possible to retire early when you still have kids? Today’s Queer Money will prove that the two aren’t mutually exclusive. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.

Retiring early when you have kids is possible

Think you can’t achieve FIRE and grow a family at the same time? The truth is, there’s no reason why you can’t reach financial independence and retire early with kids at home.

So, what if you stopped using your kids as an excuse and started to see them as inspiration to achieve FIRE faster?

Court is the Money Coach behind Modern FImily, a platform designed to help others achieve financial independence. Court and her partner Nic went from $110K in student loan debt to a net worth of $1M in nine years and hit FIRE while growing their family of four.

On this episode of Queer Money®, Court joins us to share her experience being home with Nic and their two young children and offer insight on how to reduce the cost of raising children. Court discusses how she leveraged stocks, house hacking and tax-advantaged accounts to achieve FIRE and describes her commitment to spend according to her FImily’s values. Listen in for Court’s advice around the added cost of having kids for LGBTQ families and learn how to approach FIRE while you build a family.

Listen to Court share her experience of retiring early with kids

Topics Covered

  • Court’s experience being at home with her partner and 2 young children
  • What a typical day looks like for Court and her family
  • Court’s insight on how to reduce the cost of raising a child
  • Why Court would rather spend time with her kids than work to afford expensive things
  • Court’s take on Lean vs. Fat FIRE and how much her family spends in a year
  • How Court is using parental leave to transition to early retirement
  • Why your mindset is just as important as saving toward your FIRE number
  • How Court leveraged stocks, house hacking and tax-advantaged accounts to achieve FIRE
  • The pros and cons of living in Canada (from a financial perspective)
  • Court’s commitment to spending according to her values
  • Finding creative ways to increase income and reduce expenses
  • Court’s advice around the added cost of having kids for LGBTQ families

 

 

Previous 3 Podcast Episodes

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Resources

Connect with David and John

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We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

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