FI/RE Diaries: A 32 year old teacher living in as small town in the Midwest and FIRE-ing in 23 years with $1M

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Occupation: Elementary School Teacher

Industry: Public Education

Location: Midwest

Age: 32

Salary: $45k

FI/RE Number: $1M

Years Until FI/RE: 23 years

Current financial situation: Married, Single Income

Ethnicity: Caucasian

How did you first hear about FI/RE?

Instagram Debt Free Community #DFC

Why do you want to reach Financial Independence/Retire Early?

I don’t enjoy my job and would like to enjoy my time more.

What does FI/RE mean to you?

FI/RE would allow me to focus on the aspects of my life I enjoy, rather than simply having to work to earn an income.

What types of big expenses does your FI number include?

Mortgage payoff. My husband is currently in grad school, but we both received full rides to undergrad. The only consumer debt we have is my husband’s medical school. Cars were payed in cash!

How much do you spend per month? Save per month?

Spend $2,000 and save about $500

What is your % savings rate?

About 20% after taxes

Are you doing anything to achieve FI/RE faster? If yes, what?

Side gigs - DoorDash, Instagram, and VIPKid

Any advice you'd give to someone who has a similar FI/RE lifestyle as you, especially if it seemed hard or unattainable?

Start somewhere. Even when it feels like what you can do currently doesn’t matter, it all adds up.


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