50% to 10%: Why We're Saving Less in our FIRE Journey

[@MarriageKidsandMoney]

Where are you in your FIRE Journey?

[@yellowcarbb]

If you’ve saved 50% of your income for 10 straight years, cleared out debt, and paid off your home, slowing down is a no brainer. My wife and I are on 2 years straight of saving 50%. Still grinding in the messy middle. But this will be worth it. Thanks for your content as always!

[@MarriageKidsandMoney]

@@yellowcarbb your hard work will definitely pay off!

[@pb25193]

Has a very positive energy. His kids are mighty lucky

[@MarriageKidsandMoney]

Thank you so much for that compliment!

[@johnmaddern3519]

I have saved 10% for a few decades and enjoyed a high quality of life including nice holidays and have been able to pay Cash for a nice Country Cottage. I swear by The Richest Man in Babylon principles which allow you to enjoy the whole journey without feeling deprived

[@MarriageKidsandMoney]

That's a great book!

[@carolannstevens5814]

I am in my early 60’s and I wish I would have done what you are doing. Build memories with your family. My kids are in their 20’s and 30. Time flies and you are so doing the right thing!

[@MarriageKidsandMoney]

I'm constantly learning still! I appreciate you watching and supporting our family biz!

[@mikelee0072]

Spot on Andy. Well said.

[@MarriageKidsandMoney]

Thank you Mike!

[@traceysherman-falcon9658]

Hey! You do you! You’re happy and providing a great life for your family. Good on you! Health insurance in the US is forcing me personally to have to work until Medicare kicks in, but we’re saving money now so I can take a different job at 55 (making less) that doesn’t stress me out and take a toll on my body physically. Everyone’s journey is different. Keep doing what you do Andy!

[@MarriageKidsandMoney]

Thank you so much Tracy! I'm happy and this situation is great for my family's future together. I have to keep moving toward that. The health insurance situation is rough! Have you looked at options on HealthCare.Gov -- there was were decently affordable options for us, but this all depends on your situation of course.

[@OnmywaytoFI]

Enjoy your content and agree 100%. We are 40 with three young kids and are fortunately in a similar situation where we have been in hyper accumulation mode the last 5 years or so. Still have a mortgage for the next 5 years but plan to slow down our savings significantly soon and enjoy more of the pie while we can. Keep the good content coming and take care!

[@MarriageKidsandMoney]

Glad to hear the message resonated with you! After you put in the work, life is for livin!!

[@nathanbawolek2990]

Absolutely a fantastic video. Most people just talk about how to save/invest/build wealth- i'm glad you talk about the whole purpose of FIRE... to retire early so you can enjoy life. Congrats on everything you have accomplished so far!! Enjoy all your hard work and enjoy the next stage of your journey!

[@MarriageKidsandMoney]

Thank you! The numbers of FIRE can be sexy, but I LOVE the enjoyment side. And it can happen a lot sooner than "traditional FIRE" for sure.

[@era-FP]

Agree 100% - well wishes from the PH. I’m FiRE-ing by end of this year at 50 😊

[@MarriageKidsandMoney]

Incredible! Way to go!

[@AlexanderJKenji]

No one stays the same for 50 years. People are changing, goals are changing, priorities and all that stuff and I guess it´s OK. Is right to live your life, how you want to, not by the others. Others got their own priorities and goals, their way. Find your own way on your journey, that´s the key.

[@MarriageKidsandMoney]

Change is healthy! I appreciate this perspective Alexander!

[@gabesmith9171]

What an awesome way to honor your mother/in law’s inheritance $ good work man

[@MarriageKidsandMoney]

Thanks so much Gabe! We share great stories about her when we do her annual family dinner.

[@NolanGouveia]

Love your WHY!! 🙌🙌

[@MarriageKidsandMoney]

It's all about the WHY!

[@michellemorales401]

Goals change. Perspectives change. Life activities change. You can't take it when you go. I agree 1000% to live your life to the fullest and fully enjoy one another. What's the point in constantly building if you cannot enjoy it?!

[@MarriageKidsandMoney]

We're in alignment here!

[@amygarza1571]

Great video. One of my favorites so far. I think it’s important to see the execution of the different stages of financial independence. Strong work!

[@MarriageKidsandMoney]

Thank you Amy! I really appreciate this feedback

[@carlosospina7921]

In my book you guys are doing a great job!

[@MarriageKidsandMoney]

Thank you so much Carlos! We appreciate your support as always.

[@susanlewis1953]

Good video. Your life, u choice. You have worked hard to get where u are today. Thanks Sue 😀

[@MarriageKidsandMoney]

Thank you for your support Sue!

[@Alex_Kozora]

Thanks for the video!

[@MarriageKidsandMoney]

Absolutely! Thanks for watching!

[@favored4life]

Great video! Our journeys are very similar; just subscribed.

[@MarriageKidsandMoney]

Thank you for subscribing! I'll work hard to create fun new content in the new year!

[@mwashe]

Still working on paying off house but also might be moving and going backwards in that goal a bit. That book die with zero great book for any high savers

[@MarriageKidsandMoney]

YES! Die With Zero was an eye-opener for me for sure! Good luck on your next financial goal Matthew.

[@jacontre76]

nice!

[@csnelson85]

Great video as always. But why not a Tesla?!

[@jastorino]

Because #detroit duh ; )

[@MarriageKidsandMoney]

I want an SUV for the kids … and I like the look of that Ford Mach E :)

[@CyrusMurphy]

@@MarriageKidsandMoney Model Y is just as much SUV as Mach E. If subjective looks matter more than safety, range, charging network, tech advantage, battery track record/longevity, self-driving tech... then Mach E is a good choice ;)

[@sgist7824]

@@CyrusMurphy true, well worth thinking very carefully about Mach E before committing

[@MarriageKidsandMoney]

@@CyrusMurphy Good points! I have a long way to go before I have enough for either one. I'll definitely do my research beforehand.

[@TheTaytay198]

Curious on your thoughts about leaving a legacy to your kids which means dying with a lot of money but helping secure your kids future. My dad who is 78 has a goal of leaving my sister and I 1mm each and today it would exceed that. I don’t need it but my dumb sister will need every penny and will keep her comfortable in retirement. I’m concerned about how the tax and spend approach in this odd administration will impact my only child’s future and I’d want to leave him a very nice Easter egg of 1mm like my parents will do for me but in a trust with boundaries so he still will need to work and not spend it all Charlie Sheen style. Your thoughts?

[@MarriageKidsandMoney]

Your plan for a Trust is a smart one in my opinion based on your goals. Although we're going to do our best to "Die With Zero", we have an estate plan to help our kids if we die earlier than expected. A big part of our "enjoyment" will be making time to take care of our health so we can live a long time too. That's not always in our hands, but as much as we can control, we will.