Reaching Financial Independence With Kids

With the FIRE (financial independence/retire early) movement growing, many families are wondering if it's an option for them. Today we look at the key numbers parents need to consider when pursuing financial independence while raising kids! 

What choices do we need to make as a family now to become financially independent?

Helping me to dig into this is Jonah Kaufman. He’s a financial advisor at Coastal Wealth Management. 

And while he’s not here for specific financial advice – that’s something you need to do one on one since everyone has unique financial circumstances – we are going over some things to consider and talk about as a family.

In this episode we’ll discuss: 

• 5 big myths and misconceptions people have about financial independence
• Two key numbers to keep an eye on for early retirement (and income is not one of them!)
• How you two can create a FIRE plan that fits you

Hope you enjoy!

Handy Tools to Start Your FI Journey

If you’re looking to get ahead with your finances as a family by pursuing financial independence, here are some resources to check out:

• Best Budget and Money Apps: Personal Capital, Tiller, Mint, Zeta
• Grow Your Stash Faster: High Yield Savings with CiT Bank
• Manage Your 401(k) Easily: blooom
• Automatic Saving: Qapital
• Jumpstart Your Marriage and Your Money
• Is Financial Independence with Kids Possible?

FI Community

Too many to number, but here are just a few of my favorites!

• Marriage, Kids, and Money
• Root of Good
• Rich and Regular
• ChooseFI
• City Frugal
• The Fioneers
• Financial Panther
• WalkingtoFIRE

If you’d like to chat more your money system, please join us in our private and free Facebook group – Thriving Families. 

We’re families looking to support and help one another out.

Hope to see you there!

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you want to be better prepared financially for retirement, please check out Coastal’s Retirement Planning options! 

Support the Podcast!

Thank you so much for listening to the podcast!

• Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
• Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
• Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? It’s provided by Lee Rosevere.