I am 26 years old, married to a wonderful wife, and we are eagerly anticipating the birth of our first child (hopefully of many!) in late February 2014.
This past few months, I have been reading a lot of blogs mentioning the idea of financial independence (or FI, for short) – the idea that income from investments is enough to pay living expenses indefinitely – thus eliminating the need to work for money. Since I have been toying with the idea of becoming a deacon and devoting more time to service around the age of 40, this idea is incredibly appealing to me. My rough calculations show that I should reach this point around my early to mid 40s.
My reason for writing this blog is to approach the concept of reaching financial independence from the standpoint of someone who plans on having a large family (we’re hoping to have 4+ kids), since a lot of the FI blogs out there are written by couples who built their wealth with two incomes before having children. We are just getting started on our financial journey, and my wife plans to stay home to raise our children. I hope this blog is useful to someone, and at worst, it will be a fun way to track our progress, as well as our successes and struggles.