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377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

FromBiggerPockets Money Podcast


377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

FromBiggerPockets Money Podcast

ratings:
Length:
77 minutes
Released:
Jan 23, 2023
Format:
Podcast episode

Description

Mr. Money Mustache is the internet’s poster child for early retirement. At age thirty, Pete Adeney was able to leave a lucrative job as a software engineer to focus on building a financially free life. He brought the FIRE movement to the mainstream by teaching others online how simple spending skills could allow them to quit their corporate jobs, keep more money while working less, and live a life centered around passion, not a paycheck. His popular blog has garnered millions of visits, as early versions of himself flock to the financially-freeing wisdom so rarely talked about in average American society.Pete has been retired for nearly twenty years now, meaning he’s been FIRE more than double the amount of time he spent in the working world. So, how does he spend his days? What keeps him going? Does he still have enough money?And how can someone repeat his system? Scott and Mindy spend this episode asking the “life after FI” questions, so you can know exactly what you’re getting into when you retire early. Pete’s answers shed light on often untouched topics that most of the money community can’t answer.We’ll go deep into planning for financial independence, developing “spending skills” that can bring early retirement decades sooner, and the right way to quit your job and wean off work. Pete also shows what the day in the life of an early retiree looks like and how today’s stock market crash has affected his portfolio. Want to retire early? Strap in—we’ve got the man who brought FI to the masses on today’s show!In This Episode We CoverPete’s repeatable plan for FI and the simple steps that can lead to financial freedomQuitting your 9-5 and why leaving work all at once could be a big mistakeWhy most early retirees never touch their nest egg (and why you probably won't either)Whether or not early retirement truly lives up to the hypeThe 2022 stock market crash and how it’s affected Pete’s portfolio and investing mentalityStocks vs. bonds and why someone who’s chasing early retirement should choose one over the otherAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingMindy's TwitterScott's InstagramListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetMr. Money MustacheThe Surprising (Scientific) Truth Behind What Makes You SuccessfulMultpl.comCfiresim calculatorEarly Retirement ExtremeClick here to check the full show notes: https://www.biggerpockets.com/blog/money-377Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 23, 2023
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.