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How one family is sending 13 kids to college, living debt free and still plans to retire early
Key Excerpts from Article on Website of Washington Post
Posted: September 5th, 2016
https://www.washingtonpost.com/lifestyle/magazine/13-kids-13...
Rob and Sam Fatzinger, lifelong residents of Bowie, Md., lead a single-income family in one of the countrys most expensive regions. Robs income never topped $50,000 until he was 40; hes now 51 and earns just north of $100,000 as a software tester. They have 13 children. Which means they require things like a seven-bedroom house and a 15-passenger van. Four children have graduated from college, three are undergrads and six are on the runway. Yet they paid off their mortgage early four years ago. They have no debt - never have, besides mortgages. And Rob is on track to retire by 62. This family is the Einstein of economical. These days, frugality is not about clipping coupons. Its about rethinking your finances, and maybe your life. Robs philosophy: Spend money on what makes you truly happy and on what you enjoy. We dont feel deprived or poor. We pick and choose carefully. Until a couple of years ago, Rob Fatzinger had a blog called Sardonic Catholic Dad, focusing on family, faith and frugality. Two of his hits: College on the Cheap How the Sardonic Family Does It and How to Retire Early With 13 Kids. Frugalism is often about math, determination and thinking a bit differently. A few key principles: How much you save, as a percentage of your paycheck, will foretell when youll be able to build your own business or retire. Small financial changes can make a big impact. And its not really about your income; its about your savings.
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