I’m pretty uncertain of what our exact path will be at this point. We’ve got two young kids, with the youngest at 7 months. Theoretically we could pull the trigger now, but I feel strongly that we should keep my income and cheap insurance at this point. Partly my reluctance is because my income has greatly increased the last few years and it’s sizable relative to net worth.

The very rough plan is:

Do a few more wish list home renovations
Finish front loading the kids’ 529s
Pay off the house

I’m thinking 3-5 years from now. That puts me in my early 40s and the kids in school. Hopefully by that point we’ll both have a better view on what “normal” looks like for expenses as well as have built a large financial buffer.

[–] [email protected] 4 points 1 year ago (1 children)

Are you already where you want to be, geographically? One of our limitations is that our kids are old enough that we don't want to relocate until they finish school, so that has us staying where we are for 5+ years. If we had been in the same position 10 years ago, they would have been young enough that we would have been willing to do an international move if we could work out the details. Learning a new language would be rough for them at this point of their education.

Ideally (for me), we would leave as soon as they graduate (or close to it) and they would come with us, then they could take a break to learn the language before going to college.

[–] [email protected] 3 points 1 year ago

Maybe I’m just too old or burnt out but right now just the idea sounds exhausting 😆. As things stand I don’t see us moving home base for the next 17 years and, if I’m honest, I doubt we’ll leave the country outside of vacation.

Sounds exciting for you all though!