This is the latest in a series of interviews with fellow personal finance bloggers. Today’s guest is Ruby from A Journey We Love.
Who is Ruby?
Ruby: I’m an eccentric person who loves animals, traveling, and of course, money! I’m the other half of A Journey We Love, which is a blog we’ve set up to chronicle our travels and our journey through financial freedom.
Why did you start your blog?
Ruby: I’ve been blogging since 2007 on a free platform, but that was mostly about my thoughts and experiences. Now that I’m married, my husband thought it will be a good idea to share travel hacking ideas, our trips, and our journey through financial freedom on a new website so he bought a domain and hosting and that’s how it started. We intend to travel full-time once we’re fully financially independent, and we thought it would be good to look back through our posts and see what we’ve been up to.
What are your favorite Blogs?
Ruby: Go Curry Cracker! – their ideas are great for tax harvesting, and the way they write is so useful and unique
Travel is Free – a great travel hacker and I get a lot of information on trips and how to get the most for my miles/points from him
Doctor Of Credit – great for looking at deals for manufactured spending, higher bank account interest rates, and bonuses for opening bank accounts.
When did you first become financially literate?
Ruby: I would say late 2007 – I decided to be more interested in travel and make it happen than accumulating a lot of stuff. I’ve gone through the “woohoo I now have a job and I’m free to do what I want with my money” phase fairly quickly (I think that lasted less than a year)! I then started reading more travel and personal finance related books and then made goals on what I want to do to achieve financial freedom!
What was the last item you regretted purchasing or did not any value to your life?
Ruby: A BB-8 toy I bought for $150 in December 2015 thinking I can flip it and make more money from it. I never did get to flip it for a higher amount, and I only played with the toy a couple of times. It was a good lesson though so I still kept the toy.
If you died today, would your family be okay from a financial stand point?
Ruby: Probably – but I don’t really want to leave a lot of money to my family anyway. I would prefer for them to make it on their own. I’m sure my husband can support himself from a financial stand point right now through his job, but without me I don’t really know how he’ll do with finding more focus on side hustles and managing our businesses.
What are you teaching (or will you teach) your kids about money?
Ruby: That they will need to learn how to make money work for them! In the first few years they may have to work a normal job just to accumulate enough but I would tell them to invest in assets that will grow in the long run, and will generate enough income for them to live on so they won’t need to work if they didn’t want to.
What’s your dream job?
Ruby: Professional travel writer/traveler, a librarian, or something to do with helping animals.
Are you perusing financial independence? (FIRE) If not, what’s your take on the FIRE concept?
Ruby: Yes, definitely! We have a goal to reach FI in the next 15 years. We say it conservatively because that’s when the loans for the mortgages will be paid off on average, and we’ll get more cash flow from our income generating assets for us to live on independently without going to a cubicle job.
I wish I could go talk to myself when I was younger, and then I would have told myself to save more money, and invest in real estate. Who knows, maybe I would have been a bit more closer to Financial Independence than at the current state I’m in right now.
So far, our quest is to reach financial independence during our early 40s, as we only fully started taking FIRE seriously when we were 30. Coming from a third world country and moving to a first world country, it seems like it is so easy to just spend more just because we are making more. However, after reading blogs and books about the topic, we decided that we’d rather have the freedom and have enough money to tide us over in our early retirement as we pursue our passion, which is to travel full time, and to pursue other hobbies as well. While we are still working full time, it won’t let us stop chasing our dreams of travel- we travel a lot using different travel hacking techniques to save on costs, and not hit our FI bottom line goal.
**We have a short introduction post on our blog, A Journey We Love.