The Plan

Disclaimer: "The Plan" will evolve with time.

-Mr.LIJ

Step 1: Reach Financial Independence

Our goal for Financial Independence is to acquire a liquid asset net worth of 30X our annual spending. I feel this should give us a good buffer if the 4% rule is a little too aggressive in the future or we want to increase our spending a bit. The 5 rules we follow that will get us there

  1. Stay debt free
  2. Track spending
  3. Track net worth
  4. Invest simple and often
  5. Maintain a high savings rate

As of April 2017, we estimate that we’ll hit our goal of FI roughly 5 years from now depending on the market, our earnings, and of course our spending. If we meet the current goals, we’ll be 39 years old when we can declare financial independence.

Step 2: Quit!

The idea here is to quit our 9-5 jobs. I am sure we will continue to work, trying jobs that actually interest us – you may find me on the golf course at 6am mowing the greens in exchange for a free membership and a small paycheck… or working the ski slopes in Big Sky.

Step 3: Travel Like Nomads

Slow travel to explore the world. Every time we have left a place that we’ve loved, we always say “I could have stayed another 2 weeks”. We want to actually immerse ourselves in the culture, and it takes time to even begin to understand the customs and basic languages. This is part of the concept of freedom: staying in a place as long, or as short as we feel like.

Hit List (in no particular order):

  1. Northern Thailand
  2. Vietnam
  3. Denmark
  4. France
  5. Italy
  6. New Zealand
  7. Japan
  8. Ireland
  9. Norway
  10. Sweden
  11. Nicaragua
  12. Panama
  13. Roatan

 

Rome