Bloggers on FIRE – Frugasaurus
In our Bloggers on FIRE series, we interview European FI bloggers to find out what makes them tick. Our aim is to build up a “who’s who” directory for the European FI blogging world. We hope you enjoy the series and discover some new blogs to follow. You can find a full list of our Bloggers on FIRE interviews here.
Please briefly introduce yourself to FIREhub.eu readers
Hi there! I am Kristine over at Frugasaurus.com. Half of a geeky couple born the late 80s/early 90s and living in Norway. I currently work a full-time job to support us while Mr. Frugasaurus is building his freelance and ebook-writing empire. The plan is that I will quit my job and start establishing my own passive income stream once Mr. Frugasaurus earns enough from his writing to support us both. We are married, but have no kids.
What’s your backstory?
In 2014, I graduated with top grades in environmental analytical chemistry. When I applied for the Msc, I was told it was highly sought after and protecting the environment to boot!
Reality didn’t really pan out like that. The oil crisis hit Norway and thousands of people were laid off and flooded the job market. Fresh grads were easy to pass over. I spent three years surviving on temporary contracts. Finally I landed a longer 4 year contract, but the damage had already been done. I could no longer trust the job market to provide, and me and my husband actively started looking for ways to earn money without depending on the mercy of an employer.
Why do you want to reach Financial Independence?
I want to reach financial independence in order to live the life I really want. To buy a small house with land where I can grow a lot of our own food and regenerate the land. I have decided I want to attend organic farming school, and we are saving towards that.
Being financially independent would allow us to move anywhere and work from home if need be. We intend to pay off our dream home when we find it and dial our expenses down, making it easy to earn enough to sustain us.
Not having to work full time in an office will allow me to visit friends more, volunteer more and go for long walks on the beach, preferably with a trashbag to pick plastic in. I want to spend my summers outside in the garden and with nature, and winters inside reading and writing.
How much is your “enough“?
We are working on growing our sidehustles. We expect to reach employer independence through sidehustles and “passive” income, far earlier than by saving for a traditional 4% withdrawal early retirement. We want to keep working and generating income, just on our own terms, so saving for full FI before pulling the plug didn’t make a lot of sense to us.
Our first lean FI goal is to generate about 20 000 NOK/£2000/€2100 per month after taxes to cover our basic food, mortgage, student loans, internet, electricity, etc. (Norway’s living costs makes it difficult to go much lower). If we reach that reliably, everything will be gravy from there.
Where are you on the road to Financial Independence?
We still feel like we are just getting started. I discovered the FIRE movement in the summer of 2017, so it’s only been 1.5 years at the time of writing this. We are still building our emergency funds and fattening up our investment accounts. Within a year or two, we hope Mr. Frugasaurus has a high enough passive income to sustain us both, meaning I can pull the plug on my own job and start trying to build sidehustles in earnest as well.
What do you want to do with your life once you reach Financial Independence?
Grow food in our garden and share it with friends. Spend lots of time in the forest and visiting friends we haven’t seen in years. Volunteer for environmental preservation, make things, pick up plastic from the sea. It’ll be amazing.
What is your strategy for reaching Financial Independence?
We are primarily working on building passive income streams, with investments and savings accounts as a safety cushion.
What was your biggest financial mistake?
Probably going to university without knowing what I wanted to do with my life. Although that is also difficult, because I met many amazing people and grew up in a way I most certainly wouldn’t have if I had stayed in my home town.
What advice you would give to your younger self?
Trust yourself. Start writing stories and make creative products for sale online. There is a market for it, the internet will open more doors than you could ever dream about. Don’t just spend all your teenage years playing computer games, young Kristine.
What’s your wildest dream?
To encourage enough people to plant trees that we eventually offset our carbon emissions (which are going down at this point) and that I will live to see us push the Earth Overshoot day back to the end of the year.
What’s your favourite just-for-fun activity that brings you joy?
Probably watching a seed spring to life and into a full-fledged plant/tree in one of the many pots lining our windowsills. That and foraging for wild foods in the forest.