Author: Mr and Mrs DDU.
Most people know what the acronym FIRE stands for. Financial Independence, Retire Early. Lots of people are aiming to retire as early as possible so that more of their lives can be spent doing things they want to do, rather than working.
Retiring early is a noble goal and one that we’d encourage everyone who wants to achieve that to strive for it.
Everyone has their reasons for wanting to retire early, perhaps most want to FIRE because their work or commuting is such a drain on life.
Plenty more people are just aiming for financial independence, the kind where one’s wealth and finances are big enough where the money can last the person hopefully forever, but not necessarily retire early, just be in a strong financial position.
Plenty of bloggers out there launched blogs in the hope of building up enough income to work from home.
For a long time we have been aiming for both financial independence and retiring early. Commuting for 2 hours each day into the city and back for Mr DDU takes a long time, though public transport is nice and easy. Plus the costs of annual commuting.
Our FIRE has always been to make the most of lives as much as we can as soon as we can whilst enjoying the present.
The goalposts didn’t change much when Baby DDU came along, we wanted our lives for ourselves even more. In-fact, one of the first things that Mr DDU said to Baby DDU in the hospital was that he would try to spend as much time as he could with her. We did not know quite how hard or how soon we would work to achieve that goal.
Within a few months of Baby DDU’s birth, Mr DDU talked to his boss and the result is that Mr DDU now essentially works from home with very flexible hours.
This means a huge amount to us as a family.
She will never be this small again. She will learn her first words with Mr DDU around. She will first learn to crawl with Mr DDU around. She will learn to read and count with Mr DDU around. Those are things that many thousands of dollars can’t replace and are not worth missing.
The DDU family is extremely happy with this new set up, so a huge anonymous thanks to Mr DDU’s boss for making this possible.
Of course, there is a FIRE side to this too. Aside from working during the week, we have the lifestyle that we could want. We have an extra 2 hours to our day together (assuming working 9 to 5 hours) and close to $2k more for our budget.
Just over 2 years and 3 months ago we started this blog in the hopes of sharing our journey towards having an IVF baby and reaching FIRE. We have our baby and now we pretty much have the simple FIRE lifestyle we pictured, just without the large wealth balance. In some ways, we have achieved what we set out to do.
Don’t worry, we are going to keep blogging!
We began the blog with life goals, uncertain if we would ever be able to achieve them. Now we are faced with the purely financial goals of buying a house and growing our passive income to more than our desired expenses.
It does raise some interesting questions for our money now. Should we spend a bit more and really enjoy our life now? Perhaps we will. That’s something we will explore on the blog in the future and in real life. If we can boost our normal earnings as time goes on and spend a bit more it would create a wonderful lifestyle.
Baby DDU is loving interacting with Mr DDU lots and this has been one of the best things we’ve ever changed about our lives.
It’s hard to put exactly into words how content, comfortable and happy we feel from having achieved this, hopefully the previous 700 words conveys that.
Thanks for reading this article about our life journey Down Under.
Onwards and upwards!