How a NYC Couple Achieved Financial Freedom by Defying Spending Norms
A New York City couple has achieved financial independence in their 40s by rejecting conventional spending habits. Chang and Nathanson focused on simple investments, early mortgage repayment, and avoiding unnecessary upgrades. Their approach now allows them to prioritise life experiences over endless wealth accumulation.
Before working with a financial planner, the couple saved money without a clear plan. They followed basic advice, like maximising their 401(k) contributions, but lacked a structured strategy. A turning point came when they decided against moving to a larger apartment, recognising how 'lifestyle inflation' could derail their goals.
Their current financial plan centres on a minimalist investment portfolio. It includes just three low-cost index funds: a total U.S. stock market fund, a total international stock market fund, and a total bond market fund. They avoid riskier options like individual stocks or cryptocurrencies, preferring stability over speculation.
The couple's mindset aligns with the 'Die With Zero' philosophy, which encourages spending on meaningful experiences rather than hoarding wealth. Their decision not to have children also shaped their priorities, as they have no plans to leave a large inheritance. Instead, they focus on intentional spending that reflects their values.
By paying off their mortgage early and resisting societal pressures to upgrade their lifestyle, they maintain financial freedom. Their approach emphasises conscious choices over automatic decisions, allowing them to live comfortably in one of the world's most expensive cities.
Chang and Nathanson's story highlights how deliberate financial planning can lead to independence, even in high-cost areas. Their strategy—simple investments, controlled spending, and avoiding unnecessary risks—lets them enjoy life without financial stress. The couple now advises others to define their own priorities rather than following societal expectations blindly.
