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Author: thefamilyfire

I’m so FIRE-ed up!

I’m so FIRE-ed up!

I just finished a 10-hour binge reading session of FIRE blogs and I’m ready to pull the trigger. I estimate I can retire in 10 ½ years, financially independent. All I have to do is increase my savings rate to 65% by cutting my expenses and increasing my income. The expenses will be easy. My biggest expense is housing, which I can almost completely eliminate. If I sell my house and move in with a friend, Boom!, huge savings. Also,…

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My Roadmap to FI

My Roadmap to FI

In order to reach FI, many FIRE bloggers recommend setting aside a sum of investable assets equal to 25 times your expected annual expenses. That way, you can use the 4 % rule to provide the income you need for your anticipated expenses. There is some debate as to whether the 4% rule is an advisable strategy, especially for those seeking early “retirement.” But simply put, the 4% rule states that you can withdraw 4% of assets (adding inflation each…

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The Family Fire? Who are these people?

The Family Fire? Who are these people?

My name is Jed, my wife’s name is Melissa, and we are the Pritchett family. We have two daughters, age 6 and 3, and a 1-year old son. We are a military family currently stationed north of Seattle, Washington. Both Melissa and I grew up in Ohio and met while attending college. After graduation in 2005, I was commissioned in the Navy and moved to Pensacola, FL to begin flight training. Melissa and I dated long distance for a year…

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