How we choose to live is an expression of our beliefs.
We decided to focus on freedom from the rat race.
The first idea we tried was ERE-FI/RE, an early retirement concept that involved saving lots of money.
Let me start from the beginning:
1. Leaving The Rat Race Behind
Years ago, I found myself in a soul destroying job. It made my life miserable and I felt absolutely stuck.
We had just purchased our first home and the mortgage, bills and furniture costs, left us with little at the end of the month.
2. Living With Debt
The 2008 recession came and did its thing. It made us all poorer, and many of us debtors.
We had managed to save a little money, but it was wiped away by this new debt. -Our small first home was worth a lot less than we paid for it.
If we wanted to move, we’d need to take ourselves out of negative equity, and then save a new deposit.
It was during this period of time that we implemented Extreme Frugal Living.
I’ve made a list of our best frugal living tips, here.
Meanwhile, work wasn’t getting any better. I still hated my job.
Thankfully, we discovered the idea that would eventually free us from the rat race: Starting an online business.
3. Freedom To Try
We lived frugally, saving as much money as possible.
I continued to work while my wife focused on starting a crafts business.
Living frugally meant we could easily afford to survive off one wage.
After a few months of work, the first business failed.
We re-grouped, and my wife started another.
That one stuck.
Within a year it was producing part-time wages.
Soon I was part-time at my own job.
The following year, the small crafts business could pay all the bills and I was able to quit my job.
A Frugal Life
Our frugality created the breathing space we needed to start a business.
This blog is primarily about sharing information that helped us escape the rat race.
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