Published On: Tue, Feb 9th, 2016

A couple who retired in their 30s with ‘multi-millions’ explain how much they had to save



Business Insider reports about Jeremy Jacobson and Winnie Tseng whom 13 years ago decided to get serious about their savings goals.

“At that time we had this epiphany that the path we were on wasn’t going to be a long-term path to happiness, ” Jacobson told Farnoosh Torabi on her personal-finance podcast, “So Money.”

They changed their lifestyle immediately in order to accelerate their retirement track. Here is what they told her:

Millionaire’s Next Door week. Dedicating to people across the country, in some cases across the globe, who are millionaires and you wouldn’t really know it. They’re frugal, they save their money wisely, they don’t buy material things necessarily, they have sacred financial philosophies and we’re gonna learn all about it this week.

So excited to introduce today’s couple, we have a couple on So Money today. Jeremy Jacobson and Winnie Tseng. They run the personal finance blog They are two normal people from lower income families, chasing the American dream, until they realized, you know what? The chase wasn’t making them so happy.

They sold their house, they sold their car, and started saving 70%, or more than 70% of their combined income. And in a short 10 years, while still in their 30’s, they became financially independent and said “buh-bye” to the working world to then start a family and travel the world. Three years now into a hopefully 60 plus year journey, they’re living their own nomadic dream with their newborn son, Julian. The two have now multiple millions of dollars, they keep that money pretty much invested in index funds, they tell me. And they’re living off about $4, 000 a month and they are soon about to embark on their world wide journey. First stop, Mexico! Lots to learn from this couple, our millionaires next door.

Some takeaways from our conversation with Jeremy and Winnie:

  • How they saved 70% of their income to retire in their 30’s and pursue their love of travel and starting a family.
  • How going over seas helped them save dramatically on medical costs, especially when it came time to having the baby.
  • And how they pay $0, zero dollars in taxes! I took some notes during that part, let me tell you. And they do this legally, all of this information they capture on their blog, Interesting story about and why it’s called that.


If you would like to learn more about Jeremy Jacobson and Winnie Tseng, visit their website or follow them on Twitter@gocurrycracker.



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