Avoid debt. Don’t buy a new car with a 48 month loan. Don’t buy a house. Don’t get a high limit credit card. All these things work against your ability to live the lifestyle he describes.
So if you already have the debt, sell what you can, aggressively pay off the rest, and stop adding more.
Next, don’t fall in love with someone who isn’t of similar travel mentality. Otherwise you are torn between wanting travel and not wanting to leave your partner.
> Leverage and debt is the quickest way to supercharge your Investments and increase your net worth.
It's also the quickest way to lose your shirt in a downturn. The only widely accepted healthy debt is a primary home mortgage, because the alternative is to lose money. Any other type of debt has to be actively managed, which may not be something many people care for.
Having a family increases the risk factors too. Kids can incur significant medical expenses which a more traditional job at a big company might be able to cover.
Children always change the whole situation. It is simple for an adult or even two adults to live a minimalist lifestyle and take risks and cut back when they have to.
Once you have children, most people then have a goal of providing them with the best footing they can afford, which means stretching yourself thin on the house in the best possible neighborhood with the best possible schools and equipping the kids to do the best possible activities to maximize their chances of reaching the next level.
Avoid debt. Don’t buy a new car with a 48 month loan. Don’t buy a house. Don’t get a high limit credit card. All these things work against your ability to live the lifestyle he describes.
So if you already have the debt, sell what you can, aggressively pay off the rest, and stop adding more.
Next, don’t fall in love with someone who isn’t of similar travel mentality. Otherwise you are torn between wanting travel and not wanting to leave your partner.