SEATTLE - For some people, the American Dream has taken on new meaning.
Gone is the ideal of a big home and multiple cars. Instead, there’s a movement to downsize for a shot at financial freedom.
"We've been married a long time and haven't built out our savings. I guess we are trying to keep up with the Joneses. I was always taught growing up that real estate is it but that didn't work out so well," said Juliette Ricci Lagman.
Lagman and her husband Ron now dream of building a tiny home.
By streamlining their life they’re preparing to live in a new home that’s just a couple hundred feet.
The house will be a compact 200 square feet to be precise.
They estimate it cost them $20,000 and cost less than $10 a month in utilities.
And with the savings they say they’ll live a bigger life, full of more experiences and travel.
See our full video report here, on how they’re preparing for their new life and the regulation barriers they’re overcoming.