This chapter covers the speakers' journey towards financial independence by paying off their mortgage, reflecting on the impact on their mindset and financial decisions. They discuss mistakes made, such as overlooking tax responsibilities and uncertain income projections, and reflect on missed opportunities versus financial regrets. The chapter also explores differing spending habits, the importance of optionality in decision-making, and debates on the financial aspects of weddings.
We all make mistakes on the path to financial independence. Learn from ours as we chronicle the poor choices, bad habits, and missteps we’ve made on the road to FI. In this episode we talk about big ticket items like cars, student loans, and mortgages. Mistakes made in these areas can certainly have a large impact on your FI journey! Join us as we explore these topics and more in this second episode in a series documenting our financial mistakes and missteps on the path to FIRE.
For show notes and resources please check out our website: https://twosidesoffi.com/