“For a long time I was following the path society laid out, only I was following a script that I didn’t write,” Jacobson, who is from Seattle, Washington said. “The workaholicism was hiding a desire to … have a life. When you take away that 60-to- 80 hour-a-week commitment, it opens up the opportunity to regain that childlike state and explore new opportunities.”
So, he and his wife, Winnie, a project manager at a computer company, plotted their escape by saving more than 70% of their annual take-home pay, which was about, $100,000. They did so for about 10 years, by making drastic cuts to their spending. They got to a point where they were living on just $24,000 per year, popping the rest of their earnings into interest-bearing savings and investments.
The couple calculated they’d need 25 times their annual spending to invest to fund their lifestyle forever, Jacobson said. They also factored in anticipated expenses such as their now five-month-old son and his college fund.
Today, the Jacobsons live in places like Thailand, Mexico and Taiwan, where Winnie, 33, is from, and they spend the majority of the year travelling, renting houses and apartments as they go. When their son is old enough, they plan to home school him and continue travelling.
Retire by 30, the millionaire way
Since retiring in September, 30-year-old Brenton Hayden has idled his time watching American football and having leisurely lunches with his wife.