FIREdToBeExpat
Dryer sheet aficionado
- Joined
- Jun 23, 2013
- Messages
- 37
My wife and I are in our mid-30s, have two boys, age 9 and 1. We both worked for others early on in our career, but since 2012, we work from home managing our home-based consulting company. (The company, and LLC, was founded in and has been running since 2003 by my wife, and I joined full time in 2012) We are based in NY but we could be working from anywhere in the world as long as there is a reliable internet connection. Therefore, we plan to live overseas for a number of years starting this summer.
Our business has two parts; first is good old IT/Web consulting since my wife and I are both engineers with masters. The second part of our business involves the production of original online content (digital videos, sites, etc.) and it generates a six-figure income. We expect this trend to continue given the fact that we have signed syndication deals for our content with multiple companies.
As far as our personal finance is concerned, we don’t have any debt whatsoever; paid off home, car, etc. We have SEP IRA worth about $250k and our home + an investment apartment worth about $450k.
We have always lived below our means, regardless of how much we make. That doesn’t mean we are cheap, not at all, we do eat out a lot and love travel. We always pay our credit cards in full every month, and have never ever carried any credit card balance.
Given all these, should we consider ourselves Financially Independent and Early Retired?
Our business has two parts; first is good old IT/Web consulting since my wife and I are both engineers with masters. The second part of our business involves the production of original online content (digital videos, sites, etc.) and it generates a six-figure income. We expect this trend to continue given the fact that we have signed syndication deals for our content with multiple companies.
As far as our personal finance is concerned, we don’t have any debt whatsoever; paid off home, car, etc. We have SEP IRA worth about $250k and our home + an investment apartment worth about $450k.
We have always lived below our means, regardless of how much we make. That doesn’t mean we are cheap, not at all, we do eat out a lot and love travel. We always pay our credit cards in full every month, and have never ever carried any credit card balance.
Given all these, should we consider ourselves Financially Independent and Early Retired?