How this sailor created her own financial freedom

How this sailor created her own financial freedom

It’s Tuesday, which means it’s another instalment of how Darcy created her own brand of financial freedom. Here’s Darcy: The saving, the income and especially the investing – changed our lives. It happened so slowly that we didn’t even notice it. At first, we had enough in savings to handle any minor expense – a surprise vehicle repair, a doctor bill. Later, we had enough to keep us floating for six months, maybe a year! The peace of mind is indescribable. Either of us could have been fired from our jobs, we could have lost our apartment, we could survive any number of disasters without asking “how are we going to be able to afford this?!” I wish that each of you reading this could know that peace. Even if you just have a few thousand dollars in the bank, those savings are saving you a mountain of stress when that next unexpected expense comes up. I think women, especially, get left behind if they let a spouse handle all the finances. I take care of finances, but I make sure Kyle knows where our money is and why it’s there. I’ve read too many awful stories of women who have to start from nothing after a divorce, because they did not take an active role in their own financial management.

Eventually, we’d reduced our expenses so much and increased our income so much that we could live on one person’s income. If you’ve ever had such a bad day at work that you think you just can’t do it anymore, imagine what a relief it is to know that you have the freedom to quit. You might never act on it, but just knowing the option is there is incredibly liberating.

Somewhere along the way, our net worth increased more than we’d dreamed possible. Instead of taking a few years off work, we dared to discuss the idea of early retirement. Apparently there’s an equation. You can calculate the number, the quantity of money that you need to live on for the rest of your life. The day of that discovery was mind blowing. All it would cost us was another couple years of work…*to be continued next week ⛵️ @teal.tales

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