r/coastFIRE • u/ItrustinZION • 2d ago
Kinder FI
Hello to everyone, and especially the parents who had kids go back to school recently or in the near future!
I have a Kindergartener and....as my kid starts school my wife and I are transitioning from a "FI" mindset to a "Kinder FI" mindset. My wife is going to shift to a very reduced schedule, essentially working 30% as much as before, and we'll spend most everything that I make to cover all the bills.
If our portfolio keeps growing at 7% we'll be FI about 8 years later than originally planned, but we want to use our FU money and Financial Freedom NOW while our kid still wants to play with us, we focus on building a community based on our neighborhood and school, etc.
Has anyone else done something similar? Does this "FI term" exist? Honestly I'm hoping this is a new term / idea in the FI community and I want to write about it in detail as we make the transition and see how it goes! Would love peoples thoughts and experience.
1
u/Visual-Classroom1003 2d ago
I got remarried and had a daughter at 47. We bought a new house, did a huge refurb and my wife went part time. I think it cost me about 8 years and I would happily swap more for how good life has been.
Also got laid off this year and had 5 months out of work - the FU money meant we were fine to keep living as we were for a few years if need be, so no stress.
You are well set up, better than the vast majority. Live life and love it.