Episode Summary:
In this week’s episode, we talk with Court from the Modern FImily. Court and her wife Nic are a married couple who lived significantly below their means, paid off their debt, started investing, and were able to retire in their 30s to raise their two young kids in Canada. Court shared how she grew up financially and how she first learned about financial independence. We then cover a range of topics from how they live below their means, finding a community of people, her best frugal tips and life hacks, how to have a meaningful life without spending a lot, the importance of downtime, and being a valuist.
Episode Notes:
Court and Nic are a married couple with two beautiful children, living retired in Canada on about $30K a year. We discuss a wide range of topics with Court from Modern FImily:
- How she was raised financially
- How she first learned about financial independence
- Paying off $65K in loans dring 2.5 years
- Finding your people and community and how it leads to further optimizations
- Her frugal lifestyle and some of her approaches and tips for saving money
- How to save money while still socializing and making connections with friends
- How to continue to cut costs while not depriving yourself along the way
- How they save on the top three expense categories; housing, transportation, and food
- How they spend less than $30K a year as a family
- How to hack your life to save money
- The excitement and pleasure of finding a good deal versus spending money
- Questioning why we’re all working so hard to buy fancy things just to have to keep working a grind for 30 or 40 years
- How to have a meaningful life without having to break the bank on it
- The power of compounding interest
- The difference between frugal and cheap
- The importance of downtime
- Being a valuist – figuring out what brings value to you and your life and then cutting out the rest and the fluff. Being a valuist is getting your spending in line with what you value.
- How they make friends in their early retirement lifestyle
- Her billboard sign: Prioritize your most precious resource, time!
Show References