About this episode
Carl chats with Doug and his wife Elizabeth who recently left her career and retired early. Elizabeth discusses her introduction to Financial Independence and some of the skepticism she initially had while also walking through some of the specifics about actually leaving her job (making the decision, having a solid financial plan in place, and describing her last day at work). She goes on to share insights on adjusting to retirement, staying mentally active, societal perceptions of retiring early, the importance of finding joy outside work, and the importance of having a purpose post-retirement. Save 50% site-wide on your new mattress, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI ) Are you an early retiree looking for something to fill your time or to provide purpose? If so, come over to Buy Me A Coffee and hang out with us. Links Mr. Money Mustache Bogleheads forum Tim Ferriss podcast, “Mr. Money Mustache — Living Beautifully on $25-27K Per Year (#221)” BiggerPockets Money podcast, Episode 153 with Bill Bengen CampFI EconoMe Conference Mile High FI Facebook Group Doug’s site Carl’s blog: 1500 Days — Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shirts & more **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals. ** Brought To You By: The Doug Show, aka Affiliate Marketing & Side Hustles 1500 Days, Carl’s Blog about Early Retirement Email us here: doug@milehighfi.com or carl@milehighfi.com 0:00 Introduction 1:58 Discovering FIRE 7:48 Good financial habits, tools, & practices 13:19 FIRE skepticism 18:49 Overcoming uncertainty & leaving work 23:34 Debate on the 4% rule 29:41 Working again after retirement 36:23 Pulling the trigger to actually quit 43:51 Single point of success 49:44 Last day of work & what happens next 54:48 Retirement worries 1:00:38 Telling friends & family about retirement 1:08:48 FI events & the perfect day 1:16:27 Soundcheck – Envelopes