This couple went from saving almost nothing to 70% of their income — but it was too extreme

Published: Feb 2, 2019 9:04 a.m. ET The tricks that work for Scott Rieckens and his wife Taylor as they seek financial indepedence Scott Rieckens and his wife Taylor were living what many people might consider a dream life: renting a house across the bay from San Diego, working hard but also playing hard, whether regularly hitting up hot new restaurants, joining the local boat club or enjoying flashy weekend trips. After their daughter Jovie was born in 2015, they hired a nanny for $2,500 a month. In 2016, the couple brought home $142,000 after taxes and saved just over $10,000. So Rieckens would hardly describe himself as frugal by nature. But when he happened to catch an interview with a blogger who calls himself Mr. Money Mustache (he’s really Pete Adeney) discussing how to become financially independent and retire early, also known as FIRE, the then-33-year-old entrepreneur pulled over in his car and kept listening. That moment in early 2017 launched his journey into the FIRE movement. Read more here >>>

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