The community typically has a situation where one spouse is “on fire” with getting to financial independence, but the other isn’t as easily convinced that this is the way to go, or how this might benefit/affect them. They will listen patiently to their spouse go on and on about effective tax strategies, paying off debt and high savings methods, but it doesn’t really sink in.
Maybe they pick up on the travel hacking early, because they see the benefit from that – and get a little excited. Still, even if you are sharing the rapidly accumulating savings, your prospective FIRE date, and count it down on a board, they just don’t get excited. They look at you with an amused smirk, pat you on the head and send you away.
Then something happens (bad day at work, a need to travel that they can’t meet do to a work commitment, etc.) and then they start asking questions. Are we really that close to retirement? How do you withdraw the money when we aren’t even 65 years old? How do we handle health care?
It is at this point that you know that it is starting to sink in – they are actually starting to envision a life where they don’t have to work, where they are financially free. It can be liberating, and it can be scary. If someone is just coming to the concept, they will be full of questions, and want justification for the answers (just like all of us FIRE true believers were at the beginning).
Well, the other night Mrs. 39 Months suddenly starting quizzing me on how you do a “ramp down” of your funds after you retire. I wasn’t sure if it was because of a bad day at work or if my comments had gotten through, but she was interested. After about 5 minutes of discussion, she seemed satisfied, though no exactly sure of the method. Still, I take it as a positive sign that she is coming to the realization that we are almost there.
So be patient with your significant other as you travel your road. It may take them a little longer, but they’ll catch up soon enough.
What have you and your partner discussed in your run up to financial independence?
Mr. 39 Months