Financial Independence with Kids: Figuring Out Your Path

Most people would love to become financially independent and have work be optional, but it is that realistic? Today we're looking at the real scoop about FIRE and whether it's the path for you! Financial Independence with Kids: Is That Really Possible? And while we would say we're on the FI path, it's not our focus. It's more the how. But is financial independence the right direction for you and your family?  Helping me to dig into this is Jonah Kaufman. He's a financial advisor at Coastal Wealth Management.  And while he's not here for specific financial advice – that's something you need to do one on one since everyone has unique financial circumstances – we are going over some things to consider and talk about as a family. In this episode we'll discuss:  5 big myths and misconceptions people have about financial independence Two key numbers to keep an eye on for early retirement (and income is not one of them!) How you two can create a FIRE plan that fits you Hope you enjoy! Handy Tools to Stay on Top of Your Money If you're looking to get ahead with your finances as a family and look at pursuing financial independence, here are some resources to check out: Best Budget and Money Apps: Personal Capital, Tiller, Mint, Zeta Grow Your Stash Faster: High Yield Savings with CiT Bank Manage Your 401(k) Easily: blooom Automatic Saving: Qapital Jumpstart Your Marriage and Your Money If you'd like to chat more your money system, please join us in our private and free Facebook group – Thriving Families.  We're families looking to support and help one another out. Hope to see you there! Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union! If you're living in the Raleigh Durham area and looking to bank better, come check out Coastal today. Support the Podcast! Thank you so much for listening to the podcast! Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share. Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher. Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together! Music Credit Like the music in this episode? It's provided by Lee Rosevere.