There are three things I like about this story:
- These guys set themselves a very demanding and clearly defined savings goal and stuck to it.
- Secondly, they worked out that home ownership was not the answer and are lifetime renters.
- Thirdly, and this is the most impressive thing, once they reached their savings goal they were actually brave enough to follow through by resigning from their jobs and then step on a plane. This by far, is the hardest step.
I do believe that what this couple has done is possible for many people. At Ifamax Wealth Management we have helped many couples work towards an early retirement. Actually retirement is not a word I like very much, financial independence and freedom sounds a lot better.
About 13 years ago, Jeremy Jacobson and Winnie Tseng decided to get serious about their savings goals. "At that time we had this epiphany that the path we were on wasn't going to be a long-term path to happiness," Jacobson told Farnoosh Torabi on her personal-finance podcast, "So Money." They changed their lifestyle immediately in order to accelerate their retirement track.