Tina from Money Flamingo will reach semi-retirement in 863 days.
Money Flamingo is an Australian blog about Financial Independence and Retiring Early, also known as FIRE.
There are many FIRE bloggers on the internet, and I will have a Canadian one on the show in the near future, but Money Flamingo is a bit different and not just because Tina and her husband are Australian.
In May of 2018 they started Project 1000, which is their plan to build their nest egg to $500,000 in 1000 days, then quit their regular day jobs, work part-time for 10 years while their nest egg doubles to $1,000,000, which should provide them with financial independence and the option to stop working.
You won’t find Tina’s picture or last name on the episode cover, because, like most FIRE bloggers, she prefers to remain anonymous. If you had a plan to quit your job in less than 3 years, you might not want your employer to know about that either.
You can check out Tina’s progress at moneyflamingo.com and decide for yourself whether you think their plan is feasible. Many people have achieved early retirement, and there are many ways to get there, depending on various factors like how much you want to spend today and what you intend to need for funds when you do stop working.
But Tina and Mr. Flamingo only started focusing on early retirement recently. A lot had to happen in Tina’s life before she even realized financial independence was possible for her and her husband. Tina met up with me somewhere(it’s a secret!) in Sydney, Australia to tell her personal finance story.
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Thanks so much for listening to this episode of The Personal Finance Show.
Next week, my guest will be David Jenkins, founder of an investing intelligence website called theansweris.ca