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FIRE Within the LGBTQ Community | Queer FI

FIRE Within the LGBTQ Community | Queer FI

FromFire Drill


FIRE Within the LGBTQ Community | Queer FI

FromFire Drill

ratings:
Length:
20 minutes
Released:
Sep 26, 2018
Format:
Podcast episode

Description

Have you ever looked at FI through the lens of the LGBTQ community?

BBR and her partner are part of the community and have some extra hurdles to get through on their journey to FI. We touch on issues such as pregnancy, marriage, healthcare and multi-generational households.

You'll love the angle this story takes.

We also chat about...

How to save up for a pregnancy
The LGBTQ experience with healthcare
Sharing FIRE goals with your partner
Multi-generational households

Enjoy this chat with BBR, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

BBR's blog: Queer FI
Queer Eye TV show
BBR on Twitter

Key takeaways from our chat with BBR
1 - The LGBTQ community has extra obstacles when reaching FI
BBR tells us the different complications that arise when trying to reach FI as part of the LGBTQ community. The first issue is pregnancy; it costs $10-15,000 for an IVF and even an adoption is costly. Then to get married, you do have to plan to get two engagement rings instead of one!

The next one is healthcare. BBR says they haven't had too much of an issue, but she says in the Transgender community some people have been denied healthcare. BBR also mentions that LGBTQ adults might not have parents with a secure financial background to fall back on - caused by family issues.
2 - There isn't enough information out there
BBR struggles to find information for LGBTQ members  - whether their on a path to FI or not. IVF seems to be orientated more towards infertile women and there isn't much information on retirement for the queer community. It's also true that there aren't many members of the FI community that talk about LGBTQ issues, meaning BBR has to really research her information.
3 - FI with a multi-generational household?
Not many people talk about living in a multi-generational household, something that may not be as common in Western countries, but is common in Asia. Since BBR's partner is Asian, she is expecting her in-laws to be moving back with them in the future. This raises questions such as: healthcare for in-laws, larger vacations, paying rent or not, and other questions. A very interesting discussion that raises some pretty new questions. What do you think?
Questions? Like or dislike? Leave us a comment!
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Released:
Sep 26, 2018
Format:
Podcast episode

Titles in the series (97)

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.