Comments on: Our First Year of Early Retirement: Reflections & Numbers Breakdown https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/?utm_source=rss&utm_medium=rss&utm_campaign=our-first-year-of-early-retirement-expenses-breakdown Helping other families and individuals reach financially Independence Fri, 18 Aug 2023 13:30:06 +0000 hourly 1 https://wordpress.org/?v=6.5.3 By: Court and Nic https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6151 Fri, 18 Aug 2023 13:30:06 +0000 https://modernfimily.com/?p=4901#comment-6151 In reply to Sheryl Moroziuk.

Thank you Sheryl and you’re welcome, I still don’t really believe all the numbers myself! It’s wild to see the numbers grow while we are no longer employed. I knew our withdrawal rate would be low but I definitely was not thinking it would be under 2%!

]]> By: Court and Nic https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6150 Fri, 18 Aug 2023 13:27:16 +0000 https://modernfimily.com/?p=4901#comment-6150 In reply to Emily.

Thank you Emily and you’re welcome! We’re hoping our transparency helps to motivate others along the way.

]]> By: Court and Nic https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6149 Fri, 18 Aug 2023 13:21:54 +0000 https://modernfimily.com/?p=4901#comment-6149 In reply to Vanessa.

Hey Vanessa,

Reading this makes my heart so happy! That is SO wonderful that you’re able to go back on a part time basis vs full time to allow yourself quality time with your kiddos while they are young 🙂 This is the power of FI and your story highlights that you don’t have to be FI yet but you can still implement positive lifestyle changes along the way. Being able to make these choices of what you value is so powerful – most people don’t have the time to think about how they can make changes to their lifestyle and continue on with the weekly 40+ hour grind. Congrats and thank you for the note!

]]> By: Vanessa https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6148 Thu, 17 Aug 2023 22:28:30 +0000 https://modernfimily.com/?p=4901#comment-6148 Hi Court,

I love reading you FIRE updates and what you and your family have been up to. I have a family of 4 as well with two young boys (1 and almost 4) so I can relate to so much of your parenting journey. I also took 18 months leave after I had my second baby and am due to go back to work in two weeks. BUT, because of diving into the FI journey over the last 3 years I will only be going back on a part-time basis. I have worked full time for the same company for the last 15 years so scaling things back is going to feel amazing. Especially with having young kids at home as well.

Cheers,
Vanessa

]]> By: Court https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6146 Wed, 16 Aug 2023 14:47:48 +0000 https://modernfimily.com/?p=4901#comment-6146 In reply to Chrissy @ Eat Sleep Breathe FI.

We too were so shocked with these numbers! I didn’t start pulling it all together until about 6 months in and couldn’t believe it!

Definitely will be toning things down this next year but totally OK with that!

]]> By: Court https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6145 Wed, 16 Aug 2023 14:45:51 +0000 https://modernfimily.com/?p=4901#comment-6145 In reply to Maria @ Handful of Thoughts.

Thank you Maria! I definitely thought we’d get trapped with “One More Year Syndrome” but I’m sooo glad we didn’t!

]]> By: Chrissy @ Eat Sleep Breathe FI https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6140 Mon, 14 Aug 2023 04:45:24 +0000 https://modernfimily.com/?p=4901#comment-6140 It’s crazy to see the amount of income that came into your life over the year! I’m especially impressed with how much you earned from consulting and affiliate income. That’s fantastic! Here’s to another happy, successful year in retirement. 🙂

]]> By: Maria @ Handful of Thoughts https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6131 Fri, 11 Aug 2023 15:23:17 +0000 https://modernfimily.com/?p=4901#comment-6131 Great update Court. It’s great to see that even with you both being retired your portfolio is actually gaining. It’s so easy to get caught in the one more year syndrome and so many people (probably myself included) end up over saving.

]]> By: Emily https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6128 Thu, 10 Aug 2023 15:11:35 +0000 https://modernfimily.com/?p=4901#comment-6128 Loved reading this. Very inspiring and gives me a little boost in motivation to keep building our portfolio to do an early retirement too. Thanks for sharing:)

]]> By: Court https://modernfimily.com/our-first-year-of-early-retirement-expenses-breakdown/#comment-6123 Wed, 09 Aug 2023 21:59:56 +0000 https://modernfimily.com/?p=4901#comment-6123 In reply to Chris.

We’re all about transparency and hoping that by sharing all these numbers it gives some insight as to how it doesn’t necessarily go from full time income to $0.

Canada really is amazing and we totally agree re the tax system. The freedoms and supports that have come are way are more than we expected.

Good point re the trailer being paid for from a 2 month road trip and renting our place out while using it!

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