How kids can speed along your goal of arriving at FI
No, really! It’s pretty common knowledge that kids are expensive – and if you want to be financially independent you need to live well below your means and save much and early. So kids and FIRE don’t seem to go together, but I have found some ways in which my kids are actually helping me get to my FI goals sooner.
First, I’m super motivated to stick to my goals because I’m totally exhausted by taking care of three kids!! Truth! I don’t want to continue working full-time while caretaking for them and my other family and friends who need me, so that’s a definite motivation! Also, the things my kids love are the absolute cheapest things in the world to do for fun– at least at the ages where they are now : my seven-year-old lives and breathes soccer so as long as there is a ball and a patch of grass he is happy; my ten-year-old loves to cook so we eat a lot at home, and my 13-year-old is a nature lover and is constantly trying to get me to do more hiking and camping. I’m up for all of these activities, although camping is not my idea of a good time. I agree with Erma Bombeck who famously wrote that her idea of roughing it is when ‘you have to have an extension cord for your electric blanket’.
One simple trip we take two or three times a year is a ride on our local commuter train – kids under 10 ride free, the ride downtown takes 20 minutes (just long enough to be interesting, not long enough for them to get antsy), and we always get a ‘treat’ when we arrive (more motivation for good behavior!). We have taken the train to the airport, to the county fairgrounds, to the downtown waterfront (and free summertime splashing fountains), and to a couple of local parks for hikes. It’s a wonderful adventure for them, and a cheap alternative to staying home-bound for me! It’s just one example and I would love to hear from you as to how kids are helping you get to FI.
I am a Nurse Practitioner and single mom on a journey to financial independence - here to share my thoughts and hear yours!
I've been a NP for 20 years - I have worked all over the world and settled here on the East Coast where I work with immigrant families from Latin America. In all these years, through all the experiences I have had, my one constant has been a feeling of gratitude for what I have been offered : great jobs, good health and a supportive family. I am happy with what I have, and hold a view of the future as one in which I will continue to have happiness, abundance and adventures.
I am also someone who grew up in a frugal household run by a single mother. I worked my way through undergraduate and graduate school, experienced serious health issues during my three pregnancies, and faced adversity in a complicated marriage which ended in divorce. I continue to struggle with my role as a single mom, full-time nurse, caregiver for many family members - and how to balance all of that. And yet, I see Financial Independence (FI) as a way to order my life, focusing on a future in which I will have the freedom to continue my caregiving and also feel personally fulfilled. My hope is that by sharing this journey to FI, I can discuss strategies and thoughts along the way, hearing from other Nurses/ Nurse Practitioners (NPs) who have a similar vision - and how you are planning to get there!
What this blog is : my attempt to create a community. I want this to be a place where we nurses can learn from each other, we single parents can share strategies about FI, and where all of us caregivers can find support and inspiration on our journey to FI. I will share personal FI experiences such as : nursing as an awesome career to achieve FI and be super happy in general, my investment strategies, how kids influence my journey to financial freedom, the psychology behind FI.... And would like to create a community of other Nurses/NPs to share/discuss their ideas about FI.
What this blog is not : a how-to guide for how to achieve FIRE as there are so many amazing blogs, websites, books, and podcasts already doing that. I will link to helpful resources already available in the community, but apart from sharing my personal journey, I will leave the details to the experts. This is also not a place to discuss medical conditions (except for my own psychological angst and anxiety about money!).
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