Welcome to Boston Fire Couple and really welcome to our world! We were inspired to create a blog for a number of reasons, but at its core, we want to create a place to track our journey to financial independence. That’s right, we aren’t a couple who’s already made it, we are a work in progress so you will join us on our journey through our mistakes, lessons, and everything in between. And our mission is for you to walk away with a lesson or maybe even a kernel of a lesson that makes you feel empowered financially and within your life.
For starters, what is FIRE?
FIRE stands for financial independence, retire early.
I think everyone out there is every day trying to make the decisions that are best for them financially. That’s right, I firmly believe that every day folks are out there making the best financial decisions they can based on the information they have, and even if you don’t consciously have a financial philosophy, your lack of a philosophy is a philosophy. After college I was laser-focused on paying off my student loans and as I’ve gotten those student loans down, I’ve carved a space in my life to think about my other financial goals. And one thing that hits me to my core is my goal to get to a place where I don’t feel pressure to stay in a job that isn’t right for me or doesn’t make me fulfilled. That seems generic, but hear me out. I’ve witnessed folks in my immediate life, against a wall due to fear of losing a pension or their job. If they lost their job it would be catastrophic. That’s a strong word, but it’s catastrophic in the sense that if they lost their job they aren’t certain they would be able to pay their bills, their mortgage, and provide. My goal is to be in a place where I have financial security and financial independence to make the choices in my life that I want to make.
I’m so fortunate to have found a partner who allowed me to see a world where I have control and that’s where Nick comes in.
Money equals freedom. It’s really as simple as that: your ability to afford the life that you want has a huge impact on your happiness and wellbeing. A lot of people think that financial independence means being rich. That’s not what it’s about. It’s about being thoughtful about the life that you want to live— what truly makes you happy and fulfilled— and being able to afford that. Money is a large part of it, it’s a necessary ingredient, but spending is the other half.
If you’ve read other financial independence blogs, or heard about it, you might think FIRE is about not spending any money at all. There are definitely some people who are more focused on the RE (retire early), and so saving is a priority for them, but ultimately FIRE is about determining what your goals in life are, and how to best orient your life toward them, primarily through the lens of financial wellbeing. Because that’s often what we try to sweep under the rug: your financial wellbeing has a huge impact on your life and your ability to live it the way that you want to.
We’re not sharing our journey with you to show you how to spend less or save more money. We’re sharing our journey with you because we think a lot of people, particularly young people, aren’t thinking about their spending, saving, and earning habits as a means to live the life they want to live— as if their future was divorced from the decisions of today. We want to share ideas that will help you reflect on your relationship with money, and hopefully help you better orient your saving, spending, and earning habits toward the life you want to live.
And we’re sharing our journey together because too often financial independence is discussed as a personal journey, when no one lives their lives alone. We’re all heavily reliant on relationships, and there’s nothing wrong with that— we’re social animals after all. We want to fill the gap in the conversation around financial independence with something that we call financial intimacy: the idea that we need to be having the same conversations with the people closest to us that we do with ourselves as we’re figuring out how best to live our lives. It’s brutally sad that one of the biggest reasons for divorce is money, and that’s why we think we need to further the conversation around financial intimacy. The partner you choose to live your life with is the biggest financial decision of your life— it might not sound romantic, but it’s true.
So for me, I’m on a journey toward financial independence because I want to maximize my freedom. I want to continuously reflect on my life and how my thinking around money either furthers or hinders my goals. And I want to surround myself with people (like Hannah) who are aligned in that thinking.
Thanks all for reading this first post. We can’t wait for you to see the rest of the content we have planned, and if there is anything specific you want to learn about, email us at [email protected] We want to hear from you!