Life After Hitting Financial Independence

[@TheFirstRealChewy]

This was a good one. His target retirement amount is lower than we'd be comfortable with, but I do like the fact that they had side hustles. What I want us to do is push really hard to see if we can get to a place where we are at least financially independent, then we can have piece of mind even if we don't retire. It might just be changing jobs to do whatever we feel like doing.

[@mg.1680]

It is really a matter of what kind of lifestyle you want to live. Also, working is also contributing your expertise to society. I don’t prefer to live in an RV and invested in real estate (5 multi buildings) while getting a W2. Can’t complain. FIRE for me is living a comfortable life and not just surviving. But that’s me. I’m 54, i can quit my job now but I choose not to. My FIRE is being able to do what I want to do. Maybe I should call it FIRA - Financial Independence Retire Anytime!

[@scottfrommaryland7658]

With a portable skill, self employment is a good way to escape the rat race and have a safety net. My Brother retired from his job but consults with his former employer and his former clients. Now he has gained power over his former employer and not talked down to. He gets asked "are you available" not told what to do. It's a great ego boost.

[@33Jenesis]

Retirement lifestyle is still age related. I am nearing retirement and currently living in a 55+ community. The 70/80 year old sets are content to stay home, not traveling blogging crafting vlogging. The 50/60 year old sets are more into traveling, side gigging, crafting, consulting, babysitting grandkids. Finding what works is up to each individual. For me who’s already feeling semi retired (work from home), i can happily spend my days revolving around swimming/yoga, music listening, cooking, crafting, and organizing/purging belongings (i just moved to this retirement community).

[@BK-dy8jk]

Well I’m having the time of my life retired and having such fun that if someone tells me they’re bored I think they’re nuts. I kayak I bike ride I jet ski I run I go to the beach and fish. I found a group of seniors to hang around with called critical mass. Having the time of my life!

[@mlambert1974]

You are awesome! Great presentation.

[@janefromthecountry1820]

Good podcast. I like both Courtney and Steve. Both nice people. Thanks for this podcast. 🚀

[@marstotalchaos4735]

The point where FIRE comes for me and the market takes a dip, I can always go work per diem as a CRNA (nurse anesthetist) anywhere in the world. So, make sure you have a skillset, training or hobbie that is highly sought after and that you could do part time or for a few months at a time as a buffer during periods of uncertainty.

[@Donkeyearsa]

There are other jobs anyone can get. A good example is getting your CDL and driving a semi truck for a time. Now there is a down side of getting your CDL. You would need to work for a few months every few years to be hireable by a trucking company. The fix for that is to get a job every year and work for 3 months and next year. Companies don't really care if people do that because trucking companies don't actually care for their drivers. All drivers are to them are meat in a seat. So hiring on for a few months is not a problem.

[@staceyo1723]

Gosh, thank you for the transparency. That’s very brave and helpful.

[@nohandlerequired3607]

I finally did this 50 yrs. Put away most of my cheques. Lived frugally, paid all my debt off. Saved and started the business. It flopped but began buying properties. When retire could likely live on any of them or whatever. I agree though, retiring early doesn't make happiness. Purpose does. I've been the happiest in life when I'm doing something I love! If restoring old houses floats your boat then do that, whatever has passion for you. That to me is only reason to retire ealrier if your passions aren't in your daily wages. Thanks.

[@RajeevJ859]

Great clarity in thoughts.. great content. Thanks guys

[@mos5734]

I am a big fan of the podcast. I listen to it every week expect Mindy's budget episodes. No offense but I can't relate to those. I didn't know that you guys had youtube channel. Very cool to see the faces. Finance Fridays are the best!

[@louis-philippeyargeau2497]

Wow! What a great video! Thank you so much. I'm a 44 years old french-canadian and boy o boy... This video should be watched by everyone who plan to retire someday, whatever the age.

[@6861Charley]

The greatest decision I made in my life was retiring at 60 years old after working 20 years in healthcare industry. With the money I saved and the 401 K , I invested all of it in stocks like Apple, Microsoft, Intel, Facebook, Netflix, Amazon and Celator and sold all of them at very good price. Since 2016 I took a risk and invested only on Nvidia. Right now it rewarded me with over 1000 percent return of my initial investment. I spend my time now on vacation to the Middle East and European countries twice a year. You should start planning your retirement on the first day of your regular job.

[@joesph9748]

Excellent video from the perspective that precise numbers were revealed. Thanks for the transparency

[@C_oboe]

Disclaimer! I haven’t watched yet! But what if you had a really boring job you hated and was not stimulated by + no relationships with coworkers because of high turnover? Because for me the goal would be having the freedom to do actually impactful work, not stuck doing non impactful work because I need money to pay bills. But I will watch and see what is said here.

[@OnmywaytoFI]

Good episode. Enjoyed Steves videos on KZbin. Haven’t seen one published in a while. Glad to see they are doing well.

[@Rob-vx2fb]

Great episode. Really enjoyed this one.

[@MichelleFrancLee]

Really appreciate this podcast. Thank you!

[@anniealexander3402]

Am I the only person who gets tired of working but, within a couple of days, ready to go back to work? Also, I get sick of owning rental property but within a couple of months, I start making offers on investment homes. I decided to help my grown children with homes, instead of retiring early.

[@danaschoggin3214]

This was a great episode for me to hear. I need to figure out exactly what I want...... Steve on speed and Mindy on crack 🤣🤣🤣 I'm dead, so funny ☠

[@yestohappiness2721]

Loved this episode! Awesome questions and awesome answers :). Thank you so much - much appreciated!

[@chrisniner8772]

I have been offgrid since 1997 and I get by just great with 1250 watts of PV. Ironically I lived in an airstream while building my house. With the threat of losing my employment over the covid jab mandate, I may be forced to figure out how to stretch my savings to the max and somehow get medical insurance. These are scary times indeed.

[@shawnleary]

He's working the entire episode :)

[@ladyala7597]

Great episode

[@AmericanConstellation]

The key to doing this is not having kids. I had a son. I was so happy I did. I still retired early. I did invest in Cryptos and it really helped. Also, I am retired. I don't want to work anymore.

[@eolsons]

No Kids allows alot more life choices!

[@DaniDhonau]

And kids give you so much more than early retirement, keeping you busy from geting bord.

[@anniealexander3402]

Kids provide more experiences. They aren't babies forever.

[@abcmaelynn]

The bell curve @ 37:40 are so true

[@rontina8686]

Anyone know what Steve is doing for medical insurance?

[@situated4]

Not positive, but I think that he and Courtney addressed this at some point on their KZbin Airstreaming channel. They may be with the state exchange with an Obamacare plan.

[@Kindlelover88]

Actually I watched all of their KZbin channel videos for the last couple of years. And what they have is a co-op health insurance. I don’t know the name of it but many people pay into it and whoever needs to use it uses it so it’s there for you when you need it. It’s not the traditional Aetna, Health Net, Kaiser or ACA, it’s nothing like that. I believe a lot of other RV’ers out there are using the same co-op health insurance company that he and Courtney use. But I’m sure you can go to his channel and check out the playlist to find the video.

[@janefromthecountry1820]

Affordable Healthcare/ Obamacare

[@jordyvonarb8075]

During the “up” Years in the market and your spending has increased to 60k or more annually. How are you receiving the money. Selling stocks? Dividends? I know you mentioned 60k in cash for reserves for the lean years. But do you sell at all during the lean times as well? Just wondering what structure your doing to take the “cream” off the top to get the extra money rollin in and not hurting the actual investment. Hope this makes sense. Thanks

[@quadreehordge6273]

Great questions so helpful!!!

[@Donkeyearsa]

I had really badly broken my arm to where there was the question If my arm would need to be amputated in a horseback ridding accident. I was out of work on doctors orders for thirteen entire weeks letting my arm mend. By the time the three months was over I was begging my doctor to let me return to work because I was so board out of my skull.The doctor only agreed to let me return to work if I took it real easy on my arm. I have the ability to retire but an afraid to do so as I would become out right board out of my skull real quickly.

[@deborahanderson4211]

R-retieve, E-each, T-time, I-in, R-REST, E-ever!

[@xxBad_ROBOTxx]

Two professionals with no kids living in a mobile trailer….sorry bro, sounds miserable to be honest. 😂

[@Mr.tdiv14]

Please work until you can able to work. USA great again.

[@jonhooker8810]

this guy is insufferable

[@donniemoder1466]

Agree.

[@situated4]

He's a bit confident nerdy, yes, but a very good guy. He's admitted to many of his mistakes during his relatively young life. Check out his other KZbin channel with his wife, Courtney. I'm sure some people in your circle say the same about you, no? Of course they do.