Has your shrinking retirement portfolio left you considering part-time work to ease your anxiety? Inspired by a blog post from Go Curry Cracker, we discuss BaristaFIRE, time freedom, what it means to be “unemployable”, and what work we might consider post-retirement. Be sure to see the links below for the show notes and to the blog post referenced in the video.
Show notes may be found below the video
- Never heard of BaristaFIRE before? Check out one of our earlier episodes, “So What’s Your Financial Independence (FI) Number?”. In this video, we talk about the different flavors of FIRE, decode the math used to calculate our FI numbers, and discuss where our FI numbers fall on the FIRE spectrum.
- This isn’t the first time we’ve tackled the idea of working post-RE on the show. In “Financial Independence, Retire Early…Go Back to Work?”, we talked about an enticing job prospect that provided a lot of temptation for Jason. One of our temporal check-in episodes, we also discussed Eric’s strong focus on saving to achieve FI, how “vacation time” is different post-RE, as well as some recommended podcasts and books.
- How has Jason’s post-RE experience changed over time? To learn more, you won’t want to miss our three milestone episodes. The first is about his first year post-RE, “What I Learned in My First Year of ‘Early Retirement’ ” (our most viewed episode to date). “My New Life: Two Years After Early Retirement”, covers Jason’s second year and Eric’s trip to California to chronicle his experience. Lastly, we recently released “Finding My Way in Early Retirement: A 30 Month Check-In”.
Failing at Early Retirement, a Go Curry Cracker blog post, was the inspiration for this episode. As we discussed in the video, in the article you’ll learn how author Jeremy took on some seasonal part-time work as a UPS driver, and what he learned from the experience.
We talked a lot about BaristaFIRE in today’s episode. The linked post from Financial Samurai is a comprehensive look at this path, and is a good primer for those seeking more information. In addition to the financial calculations provided in the article, there are numerous supporting tools available online including this BaristaFIRE calculator from Walletburst.
Volunteer Income Tax Assistance (VITA) is a great IRS program for US taxpayers who qualify for free federal tax preparation. If you’d like information on VITA including how you can volunteer like Jason is doing, be sure to see the IRS Tax Volunteers page.
You can find information on the tools we mention in each episode along with additional information in the Resources section of this site.