Things have changed: attitudes, spending habits, withdrawal rates, what we’ve chosen to reveal to family and friends. In this episode, we discuss how our early FI goals and calculations underestimated today’s needs and move beyond the math of financial independence to discuss the psychological aspects, including important conversations with family and friends. These discussions can be challenging and touch on deep-seated ideas about money, entitlement, and often guilt. It’s common to overlook the importance of these conversations and this side of FIRE when you’re focused on the financial side. Join us as we explore these areas and more in this second episode focused on the math of financial independence.
A few months after posting this episode, Jason wrote a blog post on one aspect of this show – talking about the “RE” part of FIRE and what retirement actually means. The inspiration for the article was a chance encounter at a winery tasting room. What was discussed there and how did it inform his thinking? Read on to find out why we at Two Sides of FI think “retirement” is a word that is perhaps overdue to be redefined!
You can find information on the tools we mention in the episode along with additional information in the Resources section of this site. To navigate to this material at any time, just click the menu button at the top of any page on the site.