Coast FIRE w/ $730k | Marko Zlatic (Whiteboard Finance)

[@MarriageKidsandMoney]

Special Offer from PocketGuard - 30 Day Free Trial: marriagekidsandmoney.com/pocketguard (sponsor) Big thanks to PocketGuard for supporting free financial education for all!

[@linberl]

The link goes to a page that says 7 day free trial, not 30?

[@MarriageKidsandMoney]

@@linberl PocketGuard has assured me you'll get a 30-day free trial. I've asked them to update the text on that site so it reads 30-days (not 7). I appreciate you commenting!

[@ScottSchramm]

I am interesting in trying this but the link goes to a 7 day trial which is way too short.

[@MarriageKidsandMoney]

@@ScottSchramm They told me the website is updating Monday so the words will say "30 day free trial" but rest assured the offer is 30 days

[@MarriageKidsandMoney]

​@@linberl Site is updated now to show 30 days - thanks for considering our sponsor!

[@WhiteBoardFinance]

Thanks for having me on Andy! It was a pleasure speaking with you!

[@MarriageKidsandMoney]

Back at you Marko!

[@rashadthewealthcoach]

Marko is definitely one of my favorite content creators. Great interview, Andy!

[@MarriageKidsandMoney]

@@rashadthewealthcoach I'm so glad I was able to connect with him!

[@cardinals677]

In the video you say you sacrifice a lot to shoot for FI. The thing you are missing is you are already planning to sacrifice ANOTHER 30,000+ hours working for 15+ years. Going FI you GET the 30,000 extra hours. I'm a bit biased, but I am pushing 3000-3500 hours a year for 3 years to save me 30x2,000 (60,000 hours) of work down the road. I will trade 3000-4500 hours for 60,000 hours anytime. That is crazy returns. Anyone would go for that return with money, but few people realize the amount of time we waste by working for 30-40 years!

[@PassiveEarnings]

Andy my man, the happiest financial podcast host ever…. Marko has been an inspiration. I am too planing to retire in 15-17 years! Worst case scenario is 20 years which will make me 55 when I retire.

[@MarriageKidsandMoney]

That's a great plan! Steve sounds like a cool guy too!

[@todd2456]

What a great collab!! Love Marko

[@MarriageKidsandMoney]

Glad you think so! I've learned a lot from him!

[@whatsitlike6392]

This was great seeing this side of Mr. Whiteboard. Thanks!

[@MarriageKidsandMoney]

Glad you enjoyed the conversation!

[@Mollyjaleighingram]

I love your interviews, short into the point.

[@MarriageKidsandMoney]

The best compliment! Thank you!

[@steveshow-tos5394]

I totally agree with the concept of targeting activities now that will decline over the years. My wife and I do our best to max out the 401k, HSA, & IRAs whilst paying down the house and trying to save some liquid cash on the sideline in a high yield savings account. But now that we’re in our 40’s, and hangovers are real and we realize that indulging on umbrella drinks at the all inclusive resort pool in Mexico will hit differently in each coming decade. Therefore, we don’t sacrifice everything to meet our goals because the holistic goal of all our saving/work is to live our best lives, now and later.

[@MarriageKidsandMoney]

Here's to now and later! Drinking booze has lost its appeal for me too over the last couple of years. I drink for camaraderie more than personal enjoyment lately.

[@OnmywaytoFI]

Great interview, Andy. Enjoy watching Marko on his channel.

[@MarriageKidsandMoney]

He has an admirable perspective on life.

[@kilsagonzalez553]

Love both channels

[@MarriageKidsandMoney]

Thank you for your support!

[@robertmorris2576]

That is way too awesome, Andy!

[@MarriageKidsandMoney]

Glad you enjoyed the conversation!

[@redsavedthegame451]

White Boy Finance! Enjoyed this episode!

[@vincentchuvc]

Lol

[@mandypdx]

Great video 💕

[@MarriageKidsandMoney]

Thank you!

[@Dadvestor]

Got me at the channel name 🤙🏽🔥

[@MarriageKidsandMoney]

Glad you're here!

[@AKHalex]

Damn, Andy, you remind me so much of the KZbinr Ssundee in his older videos. I feel like you look and sound similar, and have the same kind of happy, positive energy and laugh. I feel like I can only be in a good mood when watching your videos :)

[@MarriageKidsandMoney]

That is SO nice to hear! I appreciate you sending me these kind words on a Friday. You made my day.

[@gdelacruzjr]

Marko the 🐐

[@MarriageKidsandMoney]

you know it!

[@jamesbott3788]

Good video

[@MarriageKidsandMoney]

Thanks for watching!

[@pnc1358]

7:45 if u know, you know

[@JoeSmith-pu9hi]

Can you post exactly what he invested in from age 20 to 36 during his prefire period? Post fire portfolio given but not prefire portfolio.

[@MarriageKidsandMoney]

I'm honored that Marko was this open with us. I hope you learned something from our discussion!

[@fritzbert8395]

VTI

[@JoeSmith-pu9hi]

@@fritzbert8395 thanks. He said he invested in stocks, then etfs, then VTI today. Many FIRE people are on these total equity all in one etfs since they no longer need more aggressive growth to reach FIRE.

[@XxChuyoxX]

I like his outlook regarding the brokerage account. Very flexible and underrated but also true that it's probably better suited for those with solid income. Most should be maxing out their Roth IRA and get the company match first.

[@sameersmerchant]

Sweet

[@MarriageKidsandMoney]

Thanks for watching!

[@edungdivinefavour6977]

How are you always so happy man

[@MarriageKidsandMoney]

Life is good.

[@misssophiamae]

No exclamation point, I see… 😜

[@MarriageKidsandMoney]

@@misssophiamae depends on the time of day. I don't think I had my coffee yet :)

[@funfive6]

Two of my fav dudes - on the same podcast...shud up & take my $$$ 🤑🤑

[@MarriageKidsandMoney]

we're here for ya

[@ChillwithDre]

How can I submit information to be on the show? I have a unique story that may be inspirational to many. Thanks.

[@MarriageKidsandMoney]

Reach out to us! marriagekidsandmoney.com/contact/

[@darrendent8288]

Aye, Marko is a believer. I KNEW IT!

[@brandonpartee8277]

Why even be alive 😂. Best statement ever!

[@pro7videos]

Is the 50-75k in retirement in present or future value? I would assume you would need closer to 3 million in retirement to sustain the same purchasing power of 50-75k in today's standards.

[@MarriageKidsandMoney]

You are correct that the $50k-$75k is future value. These calculations typically factor in inflation over time (2-3% on average). They are not perfect calculations. And no one knows what the future will hold with stock market growth. Finding the numbers that work best for your beliefs about the future of the market and inflation is important. Here's a free Coast FIRE calculator if you want to play around with it. I don't ask for your email or anything, I make money through banner ads on my site: www.marriagekidsandmoney.com/calculators/coast-fire/

[@herpaderpy888]

Using a 5% average growth is a conservative value for pricing in inflation. Raw growth has averaged 8-10+%, and inflation of. 2-4%. I use 6% to price in and he was using 5.

[@SeekingVirtueA]

I go with the figures from PWL Capital/ Ben Felix. Roughly expecting 6.75% nominal return from equities. If it’s better, great! If less good, will just work a little longer.

[@xote316]

What is coast fire

[@MarriageKidsandMoney]

Check out this video to learn more about Coast FIRE: kzbin.info/www/bejne/oGLce4ChrZukkNEsi=4ElXWq_3E_c-p9gM

[@xote316]

@MarriageKidsandMoney I'm watching it now and this must not assume the rising cost of the kids you already have- or the rise in what you would like to get paid as the parents? This isn't enough money to retire on. Please elaborate and I haven't come to argue. I really don't know this version of fire. Does it assume you will keep working somewhere?

[@xote316]

@MarriageKidsandMoney I'm watching it now and this must not assume the rising cost of the kids you already have- or the rise in what you would like to get paid as the parents? This isn't enough money to retire on. Please elaborate and I haven't come to argue. I really don't know this version of fire. Does it assume you will keep working somewhere?

[@usflin]

You keep working to pay for daily life but you can let off the gas on investing for retirement due to compounding interest and time.

[@MarriageKidsandMoney]

Yes, Coast FIRE assumes you continue working. Since you don't need to contribute any more money to hit your retirement goals (based on the projected growth of your portfolio), you can choose to work less. For example, I have $700k invested at 42 years old. If I let time and compound interest do it's thing (without any further contributions), my portfolio at 62 could be around $3 million. This factors in inflation over time as well. With that realization, my wife and I have chosen a life of part-time work instead of full-time work. We can spend more time with our kids, take care of our health and our portfolio continues to grow. Does that answer your question? I'm happy to help because I believe that this concept can be quite freeing for a lot of people.

[@gardonsmith1095]

No shade, thought he'd have more 🤷

[@micuzzu]

can hear that midwest accent lol

[@MarriageKidsandMoney]

Two guys from the midwest for sure

[@rebeltheharem7028]

hmm. I have 850K. I guess I can coast fire, as a single man....

[@MarriageKidsandMoney]

Check out our free calculator to find out! marriagekidsandmoney.com/calculators/coast-fire/

[@Imtiredofthisgrandpa]

If you move outside of the US and EU, you can live very well on 3k a month

[@paquesepas6696]

Get kids, would be the best thing you've ever done

[@lauriechan2966]

I think it's a TERRIBLE idea to marry your opposite... That's a cop-out. It's a way for a person to never grow or learn in areas where they're struggling. That leads to a co-dependent relationship.

[@Consultant22]

A lot of assumptions in this statement, but thank you for your opinion

[@lauriechan2966]

@@Consultant22 You're welcome. We'll agree to disagree. 🙂 Opposites attract, but they never stay together long term. There's a reason for this.

[@XxChuyoxX]

@@lauriechan2966"opposites" can mean a lot of different things. It's vague to say either is good or bad but in this situation, marko and his wife agree on how to live/invest which is a green flag.

[@SeekingVirtueA]

I wonder if core values being shared is key, while different personality flavours help the dynamic. Eg you both want to be responsible stewards of your wealth but have a different emphasis on enjoying a good life now vs only focusing on the future, which can balance out. Communication is crucial either way.