{"id":36553,"date":"2019-10-24T11:16:53","date_gmt":"2019-10-24T10:16:53","guid":{"rendered":"https:\/\/ourtour.co.uk\/home\/?p=36553"},"modified":"2021-06-26T15:44:17","modified_gmt":"2021-06-26T14:44:17","slug":"into-our-fifth-year-of-financial-independence","status":"publish","type":"post","link":"https:\/\/ourtour.co.uk\/home\/into-our-fifth-year-of-financial-independence\/","title":{"rendered":"Into Our Fifth Year of Financial Independence"},"content":{"rendered":"\n

We’re now into our fifth year of being financially-free, having retired from the corporate workforce back when we were age 43 (we recorded this video at the time<\/a>). We’ve written about how we did this a few times before, so we’ll only quickly summarize our approach in this post, and instead focus on how things have gone over those four years and what we plan to do next. The aim of this post is to help anyone thinking of making a similar lifestyle choice.<\/p>\n\n\n\n

What Does Our Life Look Like?<\/h2>\n\n\n\n

We’re both 47 now, and we’ve been free of the need to swap our time for money for over four years. We do still occasionally work, but we have no boss, no deadlines, no office politics, no need to commute and we don’t argue over money. Instead we’ve the choice to do whatever we please, within our means, which for us entails mixing up months of travel with life at home in the UK, where we share our house with tenants.<\/p>\n\n\n\n

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How We Retired at 43<\/h2>\n\n\n\n

Many of us associate retirement with pensions, which aren’t legally accessible in the UK until at least age 55. If you want to get yourself free of the shackles of employment before then, you need another life-funding approach. Some folks opt to rent out their family home and live in their motorhome (this and a few other approaches are described here<\/a>). We did this for our first two years of travel, but as the rent alone didn’t cover our outgoings, when we returned to the UK we decided we needed to gear up our finances to support us long-term, without us having to live in our motorhome (here’s why we don’t full-time<\/a>). <\/p>\n\n\n\n

Through a meandering path we’ve ended up with a combination of types of asset, which generate enough income for us to live from long-term. Our motorhome touring also significantly helped us by demonstrating how we can live happy and fulfilled with fewer possessions and a (fairly) low expenditure<\/a>, which dramatically reduces the amount of assets we need to own. That in turn cut a decade or two from our working lives. There’s more detail in our short Funding Freedom free eBook (no need to give any details, just download it<\/a>, or get it on your Kindle here<\/a>).<\/p>\n\n\n\n

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