Some may say Jillian Johnsrud has a frugal lifestyle, but, if you ask her, she’d say she’s living the dream.
The couple wanted to buy a home, but they wanted to pay for it in cash, so they bought a small, “disgusting” home for $50,000. The basement had flooded, so the previous owners dropped the price by $20,000, and the Johnsruds spent two days pulling the basement apart to renovate it. But it was worth it: It allowed them to save up and buy a rental property a few months later.
“We love to travel, but we do it at a fraction of the price,” Johnsrud said. They also rent out their home for weeks or months at a time while they’re away, which will offset, if not pay for, their trip. When the kids ask to do expensive after-school activities, they’ll discuss the pros and cons of each decision, and ask them to weigh which they’d rather have: the activities or a family Disney trip.
The FIRE lifestyle — especially that of the Johnsruds — may not be for everyone. “The biggest motivation was really focusing on our biggest dreams and our biggest goals, and knowing that these sacrifices were for a bigger purpose,” she said. She and her husband wanted to travel, to pay for a house in cash, to adopt, which made this balancing act worth it.
Two major problems for old people: Long winters, and two hours from the nearest Emergency Room.
It is their right to do so according to the charter
Stupid article and title
Good for them. They totally get it. It's not about your new car, new phone, what you wear etc...it's about the important things in life. And they've chosen family. Good story on how they watch what they spend, don't go into debt and are financially free. Thanks for sharing it
Those in credit card or student debt need to read this!
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