Podcasts about coast fire

Every financial decision you make either moves your retirement closer or pushes it further away. Here is the exact math and plan to retire in 10 years or less.

What if your first three years as an attending decide whether you work three days a week in your 40s—or six days into your 60s? Dr. Jimmy Turner burned out early in his career—antidepressants, 1.3 FTE, the works—before discovering the fix: working less. He and Justin Harvey, CFP, break down Coast FIRE, your Wealth Accumulation Rate, and why the savings decisions you make right out of training set a trajectory you'll feel for decades. What you'll learn: Why a ~30% Wealth Accumulation Rate early on can buy you a 3-day clinical week later How Coast FIRE lets you save less down the road and still reach financial independence on time The two kinds of autonomy—personal and professional—that really drive physician burnout A smarter take on "live like a resident" so you can enjoy your income without losing the plot   Resources: Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability Want a free copy of The Physician Philosopher's Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

723: This episode originally aired in July 2025. Here's the thing about personal finance advice: what works when you have $10,000 won't work when you have $1 million.  Yet most financial guidance treats everyone the same, whether you're scraping together a $1,000 emergency fund or deciding whether to upgrade to business class. Nick Maggiulli, author of "The Wealth Ladder," joins us to break down how money strategies must evolve as your net worth grows. He's mapped out 6 distinct wealth levels, each requiring different approaches to spending, saving and investing. The levels start simple.  Level 1 covers anyone with less than $10,000 in net worth — that's 20 percent of American households. Here, bad luck gets amplified. A flat tire that costs $200 could spiral into job loss and debt if you can't afford the repair. Level 2 spans $10,000 to $100,000 in net worth. Maggiulli calls this "grocery freedom" — you can splurge on the nicer eggs without checking your bank balance.  Level 3, from $100,000 to $1 million, brings "restaurant freedom."  Level 4, the $1 million to $10 million range, unlocks "travel freedom." Getting beyond Level 4 — into the $10 million-plus territory — requires business ownership or extreme patience. Maggiulli calculates that even saving $100,000 annually after hitting $1 million takes 23 years to reach $10 million, assuming 5 percent annual returns. The data shows income matters more than frugality, especially in the early levels. The median household income in Level 1 is $32,000, but in Level 4 it's $197,000, and in Level 6 it reaches $4.3 million. We discuss why homeownership dominates wealth in Levels 2 and 3, how investment assets become crucial in higher levels, and why many people in Level 4 choose "Coast FIRE" over the grinding path to Level 5. Resource Mentioned: Nick's book: The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Introduction to wealth ladder concept (1:35) The 0.01% daily spending rule (3:43) Six wealth levels breakdown (7:35) Level 1 survival mode focus (11:21) Six levels population data (13:02) Level 1 bad luck amplification (15:08) Level 2 skills development priority (17:55) Income and wealth correlation data (25:28) Level 2 education strategies (28:05) Income opportunity heuristics discussion (32:24) Level 2 mobility statistics (36:38) Asset composition shifts by level (39:28) Level 3 to 4 progression (46:52) Level 3 and 4 similarities (50:14) Level 4 to 5 math (53:29) Business ownership requirements for Level 5 (56:07) Level 5 and 6 non-monetary focus (59:07) Wealth movement bidirectional data (1:04:09) Key takeaways summary begins For more information, visit the show notes at https://affordanything.com/episode629 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gestisci le finanze della tua attività in modo più semplice e intelligente con Qonto. Messaggio pubblicitario con finalità promozionale. Contenuto realizzato in collaborazione con Qonto.Scopri di più su https://legal.qonto.com/it.Utilizza il codice esclusivo "THEBULLX3". Il codice è valido solo per nuovi clienti e dà accesso a 3 mesi di prova gratuita di Qonto. L'apertura del conto è soggetta ad approvazione #adv Quanto serve davvero per vivere di rendita? La risposta breve è semplice: prendi quanto spendi ogni mese e moltiplicalo per 300. Ma per un investitore italiano la realtà è un po' più complicata. In questa puntata parliamo della Regola del 300, del rischio di sequenza, delle tasse, della pensione pubblica e degli errori più comuni quando si pianifica il FIRE: il capitale che, se investito bene, può permetterti di vivere di rendita. Quanto ti serve davvero per smettere di lavorare? Quanto vale la tua pensione futura? E sei sicuro di non aver già raggiunto il Coast FIRE senza saperlo? Un episodio pratico per chi vuole costruire un piano credibile verso la libertà finanziaria, senza illusioni e senza formule magiche. In più, ti lasciamo un tool gratuito, gentilmente realizzato da sua maestà Claude Code, che fa i conti per te: FIRE number, tasse, Coast FIRE e simulazione Monte Carlo: https://www.thebull.it/fire-calculator/ Prodotto e distribuito da Corax. 00:00 Quanto serve davvero per vivere di rendita? 01:55 La Regola del 300: il numero magico 08:04 Ogni spesa ha un prezzo nascosto 10:25 Stesso portafoglio, destini opposti 14:35 Perché il 4% può tradirti 19:10 La Regola del 345: il problema tasse 21:35 Il vantaggio italiano: la pensione pubblica 25:07 Coast FIRE: sei già più libero di quanto pensi? 27:04 Le strategie di prelievo 29:47 Tool gratuito: fai i conti da solo

What happens after you reach Coast FIRE? For years, you save aggressively, maximize retirement accounts, and build wealth with one goal in mind: hitting your investment goal. But once you arrive at Coast FIRE—Coast to Financial Independence and Relax Early—a new question emerges: Now what? In this episode, we answer a thoughtful listener question from Richard, who has built a seven-figure net worth with his wife but feels stuck in a sales career that's wearing him down. We discuss how to actually act on Coast FIRE, the four career paths available after reaching the milestone, and how to use the financial strength you've built to create more freedom and margin in your life today. Then, we welcome back retirement expert Jesse Cramer to discuss an important and often-overlooked topic: Social Security benefits after divorce. We cover how spousal and survivor benefits work, eligibility requirements, common misconceptions, and what divorced spouses need to know when planning for retirement. What Coast FIRE really means beyond the calculators Four career paths to consider after reaching Coast FIRE Why more money isn't always the answer How to use your wealth to create more time freedom Social Security spousal benefits explained Social Security survivor benefits explained Divorce and Social Security eligibility rules Common Social Security claiming strategies for married couples Retirement planning considerations for divorced spouses RESOURCES Own Your Time: https://marriagekidsandmoney.com/book Coast FIRE Calculator: https://marriagekidsandmoney.com/coast-fire-calculator Personal Finance for Long-Term Investors Podcast: https://bestinterest.blog/podcast Leave a Voicemail: https://marriagekidsandmoney.com/voicemail Instagram: @marriagekidsandmoney LinkedIn: @AndyHillMKM CREDITS Host: Andy Hill Editor: Johnny Sohl Podcast Support: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Ben Felix joins Mindy Jensen and Scott Trench on the BiggerPockets Money podcast to break down his thoughts on the FIRE movement, portfolio design, safe withdrawal rates, and long-term investing. We discuss how to build a FIRE portfolio that balances risk, flexibility, quality of life, and long-term sustainability — without falling into the trap of over-optimization or extreme frugality. Whether you're pursuing FIRE, early retirement, Coast FIRE, or simply trying to become a smarter long-term investor, this conversation offers an evidence-based framework for building wealth while still enjoying life along the way. Connect with Ben Felix! Website: https://www.pwlcapital.com/?ki-cf-botcl=1 YouTube: https://www.youtube.com/@BenFelixCSI Podcast: https://rationalreminder.ca/podcast Resources from today's episode: https://www.pm-research.com/content/iijretire/10/3/47 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4590406 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227132 https://www.youtube.com/watch?v=QGzgsSXdPjo https://www.youtube.com/watch?si=rHiFIykmOJJs8UKF&v=S9InNdQhFwc&feature=youtu.be https://research-tools.pwlcapital.com/research/risk-profile To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Money podcast hosts Mindy Jensen and Scott Trench break down the biggest portfolio mistakes people make on the path to financial independence. From holding too much cash and staying stuck in accumulation mode to ignoring tax optimization, estate planning, and withdrawal strategies, we cover the investing mistakes that can quietly derail long-term wealth building and FIRE success. Whether you're pursuing FIRE, Coast FIRE, or traditional retirement, this episode will help you avoid common portfolio mistakes and build a more resilient long-term financial plan. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Coast FIRE can be an incredible milestone, but what happens when the math, lifestyle, or motivation behind it starts to fall apart? In this episode, we talk with Bo Hanson, co-host of The Money Guy Show and partner/co-founder of Abound Wealth Management, about where Coast FIRE can go wrong and how families can avoid common mistakes. Bo shares why conservative assumptions matter, how lifestyle inflation can change your Coast FIRE numbers, and why it's important to know what you're actually moving toward before you take your foot off the gas. We also discuss marriage, kids, tax diversification, burnout, and how to build a financial plan that supports a fulfilling life today and tomorrow. RESOURCES The Money Guy Show – Free financial resources, calculators, and educational content from Bo Hanson and the Money Guy team. Marriage Kids and Money – Connect with Andy Hill and explore family finance resources. HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench break down the biggest mistakes people make when calculating their FIRE number and planning for financial independence. Many early retirement calculators rely on simplified assumptions like the 4% rule or current spending levels, but real-life retirement planning is far more complicated. This episode covers how healthcare costs, inflation, one-time expenses, and changing lifestyle spending can dramatically impact your true FI number and long-term retirement success. We also discuss safe withdrawal rates, stress testing your retirement plan flexible income streams, and why many FIRE investors underestimate future spending during early retirement. Whether you're pursuing FIRE, early retirement, Coast FIRE, or traditional financial independence, this episode will help you build a more realistic retirement strategy and avoid common mistakes that can derail long-term wealth and portfolio sustainability. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you reached Coast FIRE (Coast to Financial Independence and Relax Early)… but still can't bring yourself to slow down? Today's listener, Chris, is in that exact spot. At 36 years old with $860,000 invested, two young kids, and a strong financial foundation, he's done the math. He knows he's on track. But mentally, he can't shake the feeling that if he stops investing, he's falling behind. In this episode, we break down a 5-step approach to confidently step into Coast FIRE and start reclaiming your time today: • Why this isn't a math problem — it's a belief problem • How to validate your Coast FIRE number • The mindset shift from money investing → time investing • Why you don't have to stop… just step down • How to use your financial freedom to improve your family life now Then, in the second half of the episode, we are joined by financial planner and author Jamie Bosse to discuss how to raise financially confident kids: • When to start teaching kids about money • Simple ways to introduce investing to tweens and teens • The best account options for kids (UTMA, Roth IRA, 529s & more) • How to guide kids away from speculation and toward long-term investing If you've ever thought, “I know I have enough… but I can't slow down,” or you want to raise financially savvy kids — this episode is for you.

What does it take to reach Coast FIRE by your mid-30s and actually enjoy the freedom that comes with it? In this episode, we sit down with personal finance educator Liz Enriquez from Ambitious Adulting to discuss how she and her husband reached Coast FIRE with nearly $1 million invested by age 35. We break down the habits, mindset, and income strategies that helped them build wealth over nearly two decades, starting with small contributions and growing into a powerful investing system. Liz shares how growing up in an immigrant household shaped her money mindset, why she focused on maintaining a high savings rate early on, and how multiple income streams accelerated their progress. We also dive into the Canadian investing landscape, including TFSAs, RRSPs, and how to think about diversification across accounts. Now that they've reached Coast FIRE, Liz opens up about the emotional side of slowing down, reducing their savings rate, and designing a more flexible lifestyle. From her husband leaving a high-stress job to work part-time at a pizza shop to prioritizing time with their son, this conversation highlights what life can look like when your investments are working for you. If you're working toward financial independence or wondering what happens after you hit your number, this episode will give you both the strategy and the perspective to keep going. Resources & Links Ambitious Adulting (Liz Enriquez): https://www.instagram.com/ambitiousadulting/Coast FIRE Calculator: https://marriagekidsandmoney.com/calculators/coast-fire/Own Your Time (Andy's Book): https://marriagekidsandmoney.com/book Credits Host: Andy Hill Editor: Johnny Sohl Podcast Support: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Money Vault, our new midweek show where we revisit classic, evergreen episodes from the Money to the Masses archives. The FIRE movement is a financial strategy focused on aggressive saving and investing, with the ultimate goal of retiring decades earlier than the traditional retirement age. In this episode, we explore 'Coast Fire', an alternative to the traditional FIRE movement (Financial Independence, Retire Early). 'Coast Fire' is a less aggressive and arguably more flexible alternative that leverages the power of compounding.Resources:Money to the Masses Investment CalculatorMoney to the Masses Pension CalculatorFollow Money to the Masses on social media:YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Tik Tok - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@moneytothemasses⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

When was the last time you felt truly in control of your time? Not your calendar, not your to-do list…your time? If the answer is "I can't remember," this episode is for you. Jean Chatzy is joined by Andy Hill, AFC, founder of Marriage, Kids, and Money, and author of Own Your Time: 10 Financial Steps to Put Your Family First and Escape the Corporate Grind. Together, they tackle your most pressing mailbag questions about the real tension so many of us are feeling right now: how do you balance saving aggressively for the future with actually enjoying your life today? In this episode: A 41-year-old high earner wants to know what to do with extra money beyond maxing out her accounts A 54-year-old asks whether her financial advisor is right that fully funding her 401 (k) won't make much difference.  A 52-year-old is stretched thin between her career and caring for her aging mom and wonders: Is it financially irresponsible to step back during her peak-earning years? Andy also shares how he and his wife hit their Coast FIRE number, redesigned their lives around a 20-hour workweek, and what the first move looks like if you want to do the same. Ready to make your money work harder so you don't have to? Join InvestingFixx and learn how to build a portfolio that buys back your time. Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it mean to reach Coast FIRE in your late 30s and how does it change your life? In this episode, we sit down with certified financial educator Suzy May to discuss how she and her husband reached Coast FIRE with $900,000 invested before age 40. We talk about how starting early, maintaining a strong savings rate, and investing consistently allowed their portfolio to grow to a point where they no longer need to aggressively contribute to retirement. Suzy shares how Coast FIRE has given their family the freedom to slow down, work less, and design a life filled with travel, flexibility, and meaningful time with their kids. We also discuss the emotional shift that happens when you move from wealth building to wealth enjoying and how families can define success beyond the numbers. If you've ever wondered what happens after you build a strong investment foundation, this conversation will give you a real-life look at how Coast FIRE can create more options for your family. Carpe Diem! Resources & Links Own Your Time (Andy's book): https://marriagekidsandmoney.com/book Suzy May Website: https://suzymaywander.com Wander World School Podcast: https://suzymaywander.com/podcast Monarch Money: https://marriagekidsandmoney.com/monarchmoney Credits Host: Andy Hill Editor: Johnny Sohl Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement isn't just the closing of one chapter — it's the opening of another.In this episode, I explore how shifting your mindset from retirement to ReFirement can dramatically improve both your financial outcomes and your overall fulfillment. Rather than viewing retirement as a period of rest and withdrawal, I discuss how intentional planning can turn it into a season of renewed purpose, contribution, and personal growth.You'll also learn about an increasingly popular early-retirement strategy known as Coast FIRE — and how it may provide more flexibility in your working years than you realize.In This Episode, I Discuss:

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with Evan Lawler, a full-time engineer and content creator, to break down his plan to reach Coast FIRE with $500,000 invested by age 30. Instead of pursuing traditional early retirement, Evan is building a disciplined, automated investment strategy that allows his portfolio to compound while he focuses on career growth and enjoying his 20s and 30s. Mindy and Scott unpack Evan's early start in personal finance, his frugal lifestyle choices, Roth account strategy, and approach to negotiating raises and increasing income. From optimizing housing costs in Philadelphia to building long-term flexibility and balance, this episode offers a practical blueprint for anyone interested in Coast FIRE, financial independence, and smart wealth-building in their 20s. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney Connect with Evan Lawler: Instagram: https://www.instagram.com/the_financialfoundation/ Email: The.FinancialFoundation00@gmail.com YouTube: https://www.youtube.com/@The_FinancialFoundation We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we talk with Jesse Cramer about his journey to reaching Coast FIRE, a milestone where existing investments can grow to fund retirement without additional contributions. We unpack how starting early and letting compound interest work over time can create long-term freedom. We also discuss the tension between saving and enjoying life today, especially while managing the realities of family expenses. Along the way, we highlight the importance of financial education and staying flexible as plans evolve. If you've ever wondered whether you're starting too late, unsure how to balance today's needs with tomorrow's goals, or questioning what financial independence really looks like, then this episode is for you. 00:00 The Importance of Saving and Compound Interest 02:58 Achieving Coast Fire: Jesse's Journey 06:02 Understanding Investments and Financial Education 09:01 Income Growth and Financial Decisions 11:57 Balancing Spending and Budgeting 14:57 Managing Family Expenses and Lifestyle Inflation 18:03 The Flexibility of Financial Planning 20:54 Generational Wealth and Parenting Perspectives 24:04 Future Goals and Family Focus 27:11 Key Takeaways for Financial Success Resources and Links

In this episode of "Money Meets Medicine," hosts Justin Harvey and Dr. Jimmy Turner explore the FIRE (Financial Independence Retire Early) movement's relevance for physicians. They discuss the psychological and practical challenges of pursuing FIRE, such as the importance of purpose beyond early retirement, the impact of extreme frugality on relationships, and the need to align financial goals with personal values. The hosts also highlight the critical role of disability insurance and stress viewing money as a tool for creating a meaningful, balanced life, rather than simply an escape from work.Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability Take one of our free personal finance classes at Medical Degree Financial University: https://moneymeetsmedicine.com/MDFUWant a free copy of The Physician Philosopher's Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Pete and Roger answer six listener questions covering Coast FIRE strategies with GIAs, US 401(k) tax implications in the UK, record keeping for IHT-exempt gifts, Australian pension taxation for UK residents, pension contributions to avoid the £100k tax trap, and managing a £2M portfolio as Power of Attorney. Shownotes: https://meaningfulmoney.tv/QA39    01:17  Question 1 Hi Pete and Roger, I'm 29 and working towards Coast FIRE within the next 2–3 years so I can begin a digital nomad lifestyle — working remotely while knowing my long-term retirement is taken care of. Right now, I've got: - £45k in a Stocks & Shares ISA - £25k in a workplace pension (via salary sacrifice) - A Lifetime ISA for a future house deposit (or later retirement) - A fully funded emergency fund I've already maxed out my ISA for this tax year and plan to continue doing that every year. But I have more money to invest now, and I know that to reach Coast FIRE on my timeline, I need to start using a General Investment Account (GIA). Here's where I'm stuck: I want to keep things simple and tax-efficient, but I feel a bit nervous about GIAs. I keep hearing about the "bed and ISA" strategy but don't really understand how it works in practice or how to implement it over time. Could you explain: - How best to use a GIA alongside an ISA when working towards FIRE? - How to manage capital gains and dividend tax efficiently? - And how the bed and ISA approach actually works — especially for someone trying to keep things simple? Thank you both so much — your podcast has been an incredible resource and a big part of why I've been able to take control of my finances. Warmly, Pauline 12:22  Question 2 Hello Pete & Roger I am very late convert to the podcast but have been ploughing through the Q&A for a few days now. I think I only have another 592 episodes to get through so should be up to date by the end of the week !! I am not sure whether this has been covered or not. I have a 401K plan that has been hibernating in the USA for 20 years. I have only recently started looking at it and now need to understand the tax implications. I have tried to read HMRC guidelines on tax treaties etc but get even more confused than before. My current belief is that the provider will pay this money out by means of US issued cheque (not a problem) but withhold 30% tax (a problem). How will HMRC treat this? The usual sources http://unbiased.co.uk for one run for the hills on finding information about this, is this an area you can provide guidance, but obviously not advice as I know you cannot through the podcast. Regards, Stephen 16:10  Question 3 Hi Pete & Roger, Like so many people I am really impressed, not just with your knowledge and great communication skills, but that you put out such life changing content. You're providing us with the means to help ourselves in this financial world as well as letting us know when to seek professional help. On to my question: we're (wife and I) retired (late-60s) and are lucky enough to have more than enough to comfortably live on, thanks to DB & state pensions, house price inflation etc. Not really through any financial planning but just having been born at the right time! So we do now have an IHT liability. We have a joint second death Whole Of Life policy (in trust) in place for potential IHT and have given help with house deposits for our children. We also are gifting to the kids out of our excess income and would like your thoughts on the type of record keeping needed for this. We have letters stating the intention to give the gifts, recording who to etc. We keep completed IHT403 forms which we update annually. We also have a monthly/annual spreadsheet of income/expenses which demonstrates our surplus and keep track of expenses with the MeMo transaction tracker (thanks for that). These are all in our 'WID' file (again thanks to you for that). What we're not sure about is any documentation that might be needed to evidence the figures. Income is straightforward with P60s, statements of interest/dividends. However, what is required for expenses? Can't really keep all supermarket receipts etc and even bank/credit card statements would be quite bulky over several years. Not sure if we're overthinking but don't want to leave a difficult task for our kids when we're gone. Thank you both again for all the good you are doing Simon 20:33 Question 4 Brian (in Australia) Thank you for all your podcasts and videos but I think I may have to sign up to the academy to fully get my head around all the UK rules. We are looking to move to the UK from Australia - we have no UK govt pension entitlements but are retired with personal Australian private superannuation account pensions. The pension income payments and withdrawals are all tax free in Australia but will the UK government apply a tax on these pension payments once we are UK residents?   Thanks again for all your useful information. Regards, Brian 22:55  Question 5 Hi Roger (and Pete), I had a question which is boiling my brain far more than it should and I was hoping you could include it in one of your Q&A episodes. I'm in the fortunate position of being caught by the £100k 'tax trap' due to being paid a bonus for the first time in a number of years. This particular first-world problem is being made all the worse because my daughter will start nursery next year so in addition to the 60% tax charge on my bonus, we would also lose the 30 free hours of childcare we currently have access to. I currently salary sacrifice roughly £5,000 of salary into my pension (which my employer matches) and this holds my income at £99,000. However there is no option for me to do any kind of 'bonus sacrifice'. My only choice is to receive the bonus payment net of tax & NI through PAYE and then make a payment into my personal pension (a Vanguard, low cost multi-asset fund, just like you taught us!). I think I'm right in saying my pension provider will claim back the basic rate tax automatically for me, and I can then claim back the other 20% via my tax return with HMRC paying this extra 20% back to me directly. So far so easy, but what I can't work out is just how much I have to pay in to my pension in order to take all of the bonus payment out of my taxable income. Presumably its not the net amount extra that gets paid into my bank account on the month my bonus is paid because this will also be net of NI, meaning I wouldn't have paid enough in to avoid the £100k trap. Assuming my bonus payment was £10,000 (I don't know the exact figure yet but its likely to be around this amount), could you talk through how to calculate the net payment I need to make into a personal pension to achieve the desired result? As a follow up to this, if HMRC send me a cheque (very 1990's) for say £2000 of refunded higher rate tax, do I need to pay this into my pension in the next tax year to avoid having it counted towards my taxable income in that financial year? Please keep up the great work that you both do, you've really helped me get my financial life in order after an extremely difficult period in my life. Thank you both! Jimmy 27:29  Question 6 Hi Pete and Rog, Firstly, a huge thank you for all the insight and support you continue to offer. The impact of the Meaningful Money Podcast is immense—I've personally benefited so much from your free content over the years. I'll keep this as brief as I can: My great aunt (now 84) has built a substantial portfolio over decades—about £2 million across ~60 individual company shares, with approx. £1.3 million in a GIA and the rest in S&S ISAs. She also holds £400k in fixed-term bonds, savings accounts, and premium bonds. Sadly, she was diagnosed last year with dementia and Alzheimer's and now resides in a care home. I am her Power of Attorney and want to act in her best interests—simplifying her affairs and ensuring tax efficiency, especially regarding her legacy. She has no spouse or children but wishes to leave money to nieces, nephews, and charities. Here's my working plan: - Offset gains in the GIA by selling loss-making investments (totalling £30k–£40k) alongside some of the profit making investments to reduce market exposure without incurring CGT costs.     - Liquidate all shares in her S&S ISAs and transfer funds into cash ISAs with decent interest rates - Leave most of the GIA portfolio untouched to benefit from the CGT uplift on death Am I broadly on the right track for tax efficiency and sensible financial planning? Should I seek formal advice to ensure I'm doing the best by her? Thanks again for all you do—it really matters. Best regards, Josh  

Think of how much more freedom you might have in retirement if you started building steady investment habits now—that's the idea behind Coast FIRE (Financial Independence Retire Early). Coast FIRE is a strategy where individuals save aggressively today so they can slowly move or "coast" towards part-time, then full retirement, all while letting compound growth do the work along the way. As more people rethink what early retirement could look like, Coast FIRE is becoming a compelling alternative, especially among do-it-yourself investors and busy professionals on a tight budget. But is it the right fit for all investors, and what does it really take to stay on track?Join Isabela Sagan, Manager, ETF Business Development, TD Asset Management Inc. (TDAM) and Benjamin Gossack , Managing Director, Portfolio Manager, TDAM as they examine the Coast FIRE path to retiring early.  Highlights include:1:30 What is Coast FIRE?8:15 How ETFs fit into the Coast FIRE retirement strategy11:25 What matters most: saving early or chasing higher returns?12:50 What are some mistakes people make when working towards Coast FIRE?    For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/podcast Email any questions or ideas for future episodes to: td.tdamtalks@td.comPlease follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Trevor and his wife reached a $1 million net worth by age 32 and are on track to achieve financial independence well before 40. In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench chat with Trevor about his unconventional journey involving strategic career moves, real estate investments, and leveraging corporate benefits. Learn how Trevor went from a $1,000 net worth after college to $1 million through smart financial decisions and opportunities. Trevor shares his experiences, challenges, and the importance of financial flexibility in achieving Coast Fire in his 30s. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources Subscribe on YouTube for even more content Connect with us on social media to join the other BiggerPockets Money listeners We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textCoast Fire with Kids: Balancing Financial Independence and Family LifeIn this episode of The Retire Early Retire Now podcast, Hunter Kelly, a certified financial planner and founder of Palm Valley Wealth Management, delves into the concept of Coast FIRE, specifically addressing the challenges and strategies for parents. Kelly emphasizes that while traditional FIRE advocates for aggressive saving and minimalist living to retire early, Coast FIRE offers a balanced approach. This allows parents to achieve financial growth without sacrificing their current lifestyle and family needs. Kelly discusses the importance of flexibility, recognizing different life seasons, and understanding trade-offs in financial planning. He offers practical advice for parents on how to manage their finances responsibly, ensuring that their money works to support a meaningful, fulfilling life. Kelly also invites listeners to reach out for personalized financial planning services through his firm.00:00 Welcome to The Retire Early Retire Now Podcast00:25 Introduction to Coast Fire with Kids00:50 Challenges of Coast Fire for Parents02:43 Defining Coast Fire for Parents04:29 Financial Realities of Parenting06:02 Avoiding Common Mistakes12:46 The Emotional Side of Coast Fire14:34 Evaluating Your Coast Fire Plan16:23 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

What if you could slow down on retirement savings and still be on track for the future?In this episode, I'm talking with my friend Andy Hill from Marriage Kids and Money. Andy and his wife reached Coast FIRE in their early 40s, which lets them work part time while their retirement accounts grow in the background.He explains Coast FIRE in simple terms and then walks me through my own numbers live. We dig into my husband's teacher pension, what we've already invested, and what it would take for our family to be work optional by the time our boys are in college.If you've ever wondered when you can stop putting so much toward retirement and start enjoying more time freedom, this conversation will give you new hope.Links mentioned:• Andy's book Own Your Time • Coast FIRE calculator • Marriage Kids and Money Podcast • @marriagekidsandmoney on InstagramYou Might Like: Get the FREE Goodbye Debt Tracker! Grab my FREE Budgeting Cheat Sheet. Get the Budget My Paycheck Spreadsheet. Follow Allison on Instagram! @inspiredbudget Check out Inspired Budget's blog. Take my FREE class on How to Budget to Build Wealth!

Owning your time is a goal we all share, and today's conversation is about giving you concrete steps you can take to reclaim some of that time. Andy Hill went from $50,000 in debt to mortgage-free multi-millionaire and now works a three-day work week. His new book is Own Your Time: 10 Financial Steps to Put Your Family First and Escape the Corporate Grind. From MarriageKidsandMoney.com, Andy Hill shares how he built financial independence through Coast FIRE, side hustle income, and intentional life design. Tune in to Episode 720 of the Side Hustle Show to learn: How Coast FIRE works in real life The exact financial sequence Andy used to go mortgage-free and reduce pressure before leaving corporate work How evergreen side-hustle income helped support a flexible 3-day workweek lifestyle Full Show Notes: From $50k in Debt to Mortgage-Free Millionaire and a 3-Day Workweek New to the Show? Get your personalized money-making playlist ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! Sponsors: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Indeed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quo (formerly OpenPhone)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get 20% off of your first 6 months! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Shopify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Sign up for a $1 per month trial! About The Side Hustle Show This is the entrepreneurship podcast you can actually apply! The award-winning small business show covers the best side hustles and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠side hustle ideas⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. We share how to start a business and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠make money online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and offline, including online business, side gigs, freelancing, marketing, sales funnels, investing, and much more. Join 100,000+ listeners and get legit business ideas and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠passive income⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ strategies straight to your earbuds. No BS, just actionable tips on how to start and grow your side hustle. Hosted by Nick Loper of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Side Hustle Nation⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

If you are a parent who is interested in FIRE, you should listen to Andy Hill's podcast, Marriage, Kids, & Money on Apple, Spotify, and wherever you listen to podcasts. It's a great show that talks about all the financial and parenting issues all mothers and fathers face. Andy also came out with a new book called, Own Your Time: 10 Financial Steps To Put Your Family First and Escape The Corporate Grind. Go check it out, it's a great book for parents looking to achieve financial independence.  On the podcast, talk about the merits of Coast FIRE, a type of FIRE that I've dubbed the most dangerous early retirement strategy to follow. But the older and more tired I get, the more I've come to accept Coast FIRE's merits. It's certainly beter than aimlessly grinding away at a job you don't love forever.  If you enjoy this podcast episode, please support my guest Andy, and please share the episode and leave a positive review. Every review means a lot as every podcast episode takes hours to produce. If you want to achieve financial freedom, you can also sign up for my free weekly newsletter here. 

In this episode of the Journey to Launch Podcast, I'm welcoming back Andy Hill, award-winning family finance coach and the voice behind Marriage, Kids & Money, and this conversation is all about what it truly means to own your time. Andy shares how he and his wife intentionally used money as a tool to gain flexibility, move away from the corporate grind, and design a life centered around family, health, and presence. We talk honestly about the financial moves that made this possible, the mistakes along the way, and how redefining "wealth" helped them build a life they actually enjoy living. What You'll Learn in This Episode How Andy and his wife aligned on shared values and used money to gain more time with their family Why paying off debt, reaching Coast FIRE, and lowering fixed expenses created real flexibility The emotional side of aggressive saving, marriage tension, and finding a healthier middle ground How building "FU money" made entrepreneurship and part-time work possible without panic & much more! What's New in the Paperback Edition of Your Journey to Financial Freedom: A bonus chapter: When Life Happens: Staying on the Path to Financial Freedom Through Setbacks, Shifts, and Uncertainty A book club and discussion guide with prompts, exercises, and action steps Updated corrections from the original hardcover Exclusive bonuses when you purchase the paperback, including: The Fire Starter Course The Find Your FIRE Number Worksheet Other related blog posts/links mentioned in this episode: Get your copy of Andy's book, Own Your Time: 10 Financial Steps to Put Your Family First and Escape the Corporate Grind Get your paperback edition of Your Journey To Financial Freedom if you haven't already. Apply to Share Your Journeyer Story, here. Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here! Join The Weekly Newsletter List to get updates, deals & more! Leave Your Journey To Financial Freedom a review! Get The Budget Bootcamp Check out my personal website here. Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with Andy: Website: Instagram: @MarriageKidsandMoney Facebook: @MarriageKidsandMoney Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide

Join the Free Master Your Money Workshop Join the community built to help you master your money, stay accountable, and reach financial freedom.

In this episode of the Marriage Kids and Money podcast, we break down Coast FIRE, a financial approach that lets you “coast” to retirement once your investments can grow on their own, without needing to keep pouring money in. I'm joined by Mike English, who shares his real-life path to reaching Coast FIRE in his 30s and what that decision changed about his life and priorities. Plus, my son Calvin hops on the mic with me for a fun and meaningful conversation about why investing early actually matters. We talk investment strategies, financial independence, and how to think long-term about building wealth that lasts. If you've ever wondered whether you're saving enough, questioned the pressure to grind forever, or thought about what kind of money story you want your kids to grow up with, this episode might shift how you think about the road to financial freedom. Chapters

Most financial goals sound reasonable, but "socially acceptable" goals are often too polite, and they can quietly sabotage the life you actually want. We dig into how to uncover honest, motivating goals, why Coast FIRE sneaks up on more people than they realize, and how student loans don't have to delay living a meaningful life. If your goals feel safe but uninspiring, this one's for you. Key moments: (03:53) The hidden signs you might already be at Coast FIRE (07:57) What you'd really change if money stress disappeared tomorrow (08:44) Identifying coping habits that block the life you actually want (14:06) Replacing safe goals with honest ones Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts  Subscribe to the newsletter Join SLP Insiders for student loan loopholes, SLP app and member community Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!  

What if you didn't have to save 70% of your income to retire early? What if you could hit a number in your 30s, ease off the gas, and still reach financial independence—without sacrificing your present life? That's Coast FIRE, and today's guest Andy Hill is the perfect example of how it works in real life. Andy hit his Coast FIRE number in his late thirties, left his corporate job at 40, and now runs a successful part-time business that supports his family of four while giving him total control over his time. In this conversation, Andy breaks down his journey from W2 employee to entrepreneur, the specific Coast FIRE calculations that gave him confidence to leave, and how he built a business that prioritizes family first, income second. This Episode Covers: What Coast FIRE actually is and how it's different from traditional FIRE Andy's path from corporate employee to hitting his Coast FIRE number in his late 30s How Andy built the confidence to leave his W2 job at 40 Transitioning from employee to entrepreneur while supporting a family of four Building a part-time business that generates enough income without the corporate grind How Coast FIRE allows you to prioritize family and lifestyle now (not just in retirement) Key lessons from Andy's book 'Own Your Time' How to structure your life around what matters most If traditional FIRE feels too extreme or you're tired of delaying life for decades, Coast FIRE might be the strategy you've been looking for. Andy's story proves you can have financial independence AND a life you love today. Connect with Andy Hill: Social: https://www.instagram.com/marriagekidsandmoney Website: https://marriagekidsandmoney.com/ Pre-Order ‘Own Your Time' Now: https://marriagekidsandmoney.com/book/ Subscribe to our Weekly Newsletter: www.biggerpocketsmoney.com Follow BiggerPockets Money on Social: Facebook: https://www.facebook.com/groups/BPMoney Instagram: https://www.instagram.com/biggerpocketsmoney/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Danielle is a 33-year-old self-employed sign language interpreter earning $110,000 annually in the DC area. After building an impressive $181,000 net worth in just four years, she's experiencing severe savings whiplash, dropping from a 60% savings rate during COVID down to just 8% today. Inspired by the book Die with Zero and the Coast FIRE movement, Danielle wants to work less by age 37 and fully retire by 60 without leaving a large inheritance since she doesn't plan to have children. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

What if there was a third option between grinding it out in corporate life and chasing extreme early retirement? What if you could work less, be more present with your family, and still feel confident about your financial future? In today's episode, I join Paula Pant on her top-ranked podcast, Afford Anything, to talk about the middle ground between traditional employment and full FIRE. We dive into Coast FIRE, part-time work, and what it really takes to own your time while raising kids. I share how my wife and I structured our lives to both work part time, stay involved with our kids, and still build long term wealth without burning out. This conversation is part of our Best of MKM series and was originally recorded live at FinCon in Portland. Paula and I walk through my 10-step framework for owning your time, including how to reduce financial anxiety, eliminate debt, invest with intention, and design a three-day work week that supports your family and your health. We also talk candidly about parenting, identity, lifestyle tradeoffs, and how to model a life of freedom and generosity for your kids. If you are tired of living for the weekend and want a realistic path to more time freedom, this conversation will open your eyes to what is possible. CHAPTERS

Nick Maggiulli's latest article in Of Dollars & Data challenges one of the core ideas that drives personal finance blogs, podcasts, and even some of our own thinking — the belief that financial independence should be the ultimate goal. We explore the surprising downsides of chasing early retirement, the difference between financial independence and financial freedom, and why something called "Coast FIRE" might be the real goal worth aiming for. I also answer a listener question: What can retirees do to fight back against inflation? One listener asks how to protect their buying power as costs keep rising. We go over several practical, actionable ways to stretch your dollars and build an inflation-resistant retirement. Resource: Article by Nick Maggiulli in Of Dollars & Data: Why Financial Independence is Overrated Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Work with Benjamin: https://retirementstartstoday.com/start Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement  

What if you could reach a point where your investments were doing the heavy lifting and you could finally slow down without falling behind? Would you keep pushing forward, or would you take the exit and design a life that fits right now? In today's episode, Anders Skagerberg shares how he and his wife reached Coast FIRE in their early thirties and made the intentional decision to downshift. Instead of continuing to save aggressively, they chose to prioritize time, flexibility, and family while letting compound growth work in the background. Anders explains what Coast FIRE really looks like in real life and how it gave his family options instead of pressure. This episode is part of our Best of MKM series and was originally recorded in 2023. A short clip from this conversation took off on YouTube, so we decided to bring you the full story. Anders breaks down his Coast FIRE numbers, the accounts he uses, how he and his wife communicate about money, and why taking the Coast FIRE exit does not have to be permanent. If you are Coast FIRE curious or wondering whether you can have both freedom today and security tomorrow, this conversation will help you think differently about what is possible. CHAPTERS

See what 2026's housing costs and mortgage rates might mean for your homebuying plans and learn when you can safely coast on retirement savings. How is the housing market reshaping homebuying going into 2026? When can you stop saving for retirement and still feel confident about your future? Hosts Sean Pyles and Elizabeth Ayoola discuss Coast FI and long-term retirement planning to help you understand when “enough” might truly be enough. But first, senior news writer Anna Helhoski joins Sean and Elizabeth to discuss the year in housing with mortgage writers Holden Lewis and Kate Wood. They review how ultra-low pandemic mortgage rates helped fuel today's affordability crisis, why rising climate risks are driving up home insurance and escrow costs for owners, and how shifting trends like older first-time buyers and fewer buyers with kids are changing what “normal” looks like in the housing market. Then, Sean and Elizabeth discuss Coast FI with listener Paul, who wonders if his roughly $3 million nest egg means he can finally ease off saving for retirement. They discuss how Coast FI differs from traditional FIRE (Financial Independence, Retire Early), ways to manage retirement anxiety even when the math says you're on track, and how a certified financial planner can use tools like Monte Carlo simulations to pressure-test a plan. They also explore balancing long-term security with near-term goals like travel, buying a home, or upgrading a car, strategies for diversifying investments and accounts for tax efficiency, and how to gently transition from aggressive saving to actually enjoying more of your money today. NerdWallet Wealth Partners is a fiduciary online financial advisor, offering low-cost, comprehensive financial advice and investment management: https://nerdwalletwealthpartners.com/  Inspired to navigate your finances with an advisor? Use NerdWallet Advisors Match to find vetted professionals today at https://www.nerdwalletadvisors.com/match  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: housing market 2026 forecast, housing affordability crisis, mortgage rates 2026, climate change home insurance, rising home insurance premiums, escrow costs increase, home buying budget, when to buy a house, renting vs buying a home, age of first time homebuyer, delaying homeownership, property taxes and insurance costs, Coast FIRE, how much is enough to retire, retirement anxiety, financial independence, living below your means, high savings rate, couples financial planning, Monte Carlo simulation retirement, certified financial planner, balancing saving and spending, money fears, money stories, currency risk in retirement, travel in retirement, and multiple savings goals. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wondered what would change in your life if you finally reached the point where your investments could grow on autopilot even if you stopped contributing? What kind of freedom would that give your family? And what possibilities might open up if you did not have to hustle at 110 percent forever? In today's episode, Marko Zlatic from Whiteboard Finance shares how he and his wife reached Coast FIRE in their mid-thirties with over $730,000 invested. Marco breaks down the exact moves that got them there, from early investing habits to their simple index fund strategy to building a life that blends ambition with balance. He also opens up about parenting, marriage, culture, and why he believes Coast Fire is the most realistic financial independence path for families. This Best of MKM episode earned more than 40,000 YouTube views when it first aired, and for good reason. It is transparent, motivating, and packed with actionable takeaways for anyone aiming to build wealth while still enjoying life today. CHAPTERS

Jesse sits down with Andy Hill—personal finance educator, podcast host, and creator of Marriage, Kids, and Money—for a candid conversation about building wealth while building a life you actually enjoy. Andy shares how a mix of financial discipline, intentional goal-setting, and family-centered values helped him and his wife pay off their mortgage by age 35 and achieve financial independence on their own terms. Together, they unpack why traditional FIRE goals often miss the human side of money, how to define "enough," and why generosity and purpose are essential parts of financial freedom. Andy also opens up about the shift from chasing net worth to focusing on net happiness, revealing the moment he realized money was no longer the main goal—but a tool for creating the life and impact he wanted most. Throughout, Jesse and Andy remind listeners that real wealth isn't about numbers—it's about freedom, joy, and using money to live aligned with what truly matters. Key Takeaways:• Financial freedom isn't just about money—it's about creating the life and relationships you truly want. • Family alignment around financial goals strengthens relationships and ensures everyone is moving in the same direction. • Andy's shift from "net worth" to "net happiness" redefined how he measures success and balance. • Andy emphasizes financial independence on your own terms, not a one-size-fits-all version of FIRE. • Clarity creates motivation—when your goals align with personal meaning, saving and investing feel purposeful. • Sustainability matters more than intensity—consistent, realistic habits lead to long-term financial wellness. Key Timestamps:(00:44) – The Value of Time in Financial Planning (05:16) – The Importance of Buying Back Your Time (08:31) – Interview with Andy Hill: Owning Your Time (14:33) – Exploring the Concept of Coast FIRE (18:51) – Dreaming of a Three-Day Work Week (22:18) – The Value of Relationships (25:05) – Practical Tips for Transitioning to a Three-Day Work Week (29:45) – Involving Kids in Financial Planning (34:27) – Diversifying Your Identity Key Topics Discussed:The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions:Website: https://marriagekidsandmoney.com/  LinkedIn: https://www.linkedin.com/in/andyhillmkm/ Get your pre-copy of Andy's new book here:  https://amzn.to/4phCgqF "Own Your Time: 10 Financial Steps to Put Your Family First and Escape the Corporate Grind" by Andy Hill More of The Best Interest:Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at https://bestinterest.blog/work/ The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

In today's episode, we explore the power of generosity and the traditions that can help our kids grow into grateful and giving adults. We walk through five simple and meaningful family giving ideas, including Big Tip Tuesday, the Big Give, glovebox giving, and volunteer habits that bring families closer. Then we sit down with Angela Rozmyn from Women's Personal Finance to learn how she and her husband reached Coast Fire in their thirties and how intentional living shaped their journey. Angela shares transparent details about their investing, lifestyle choices, and the trade-offs that helped them create more time freedom as parents. We close with a heartwarming Good Word story featuring Calvin and a Today.com piece about a baker who delivers free birthday cakes to his neighbors experiencing homelessness. It is a powerful reminder that even small acts of kindness can make a big difference. If you want more margin to live generously, check out Own Your Time at https://marriagekidsandmoney.com/ownyourtimeamazon Chapters 0:00 Welcome to the show 0:24 Five family giving traditions 9:05 Coast Fire Couple interview with Angela Rozmyn 38:30 Where to find Angela online 39:02 The Good Word with Calvin 40:55 Today.com good news story 43:45 Final thoughts Resources and Links Women's Personal Finance (Angela Rozmyn)https://womenspersonalfinance.org/ Baker delivers free birthday cakes to homeless peoplehttps://www.today.com/food/people/baker-delivers-free-birthday-cakes-to-homeless-people-rcna235965 Own Your Time - New book: https://marriagekidsandmoney.com/ownyourtimeamazon Crew: https://marriagekidsandmoney.com/crew Sponsors and additional resourceshttps://marriagekidsandmoney.com/sponsors Disclaimer This show is for entertainment purposes only. Be sure to seek out a professional for your specific financial situation. As an Amazon Associate, I earn from qualifying purchases. Credits Editor: Johnny Sohl Podcast Artwork: Kayli Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

We're Debt Free. Now What? After years of paying off debt, many families wonder what to do next. In this episode, we answer a question from Brian in Michigan, who just became debt-free with his wife and wants to know how to make the most of their extra $1,000 per month. We share five time freedom moves to help families use that money wisely, from building an emergency fund and reassessing insurance coverage to investing for Coast FIRE and starting a 529 plan for their new baby's future. We also discuss how to avoid lifestyle inflation and use money to buy time, not things. Then, in our Be The Change segment, we talk with Keith Wargo, President and CEO of Autism Speaks, about financial planning for families with special needs children and how their organization supports parents navigating the system. Finally, we wrap up with a fun Money Quiz featuring Calvin Hill, testing his financial knowledge on debt, giving, and net worth. PODCAST CHAPTERS 00:00 – Use money to buy time, not things 00:22 – Welcome and episode overview 01:00 – Question of the month from Brian in Michigan 02:10 – Step 1: Build savings and your safety net 03:40 – Step 2: Reassess insurance coverage 05:00 – The power of protecting your family 06:20 – Step 3: Invest for Coast FIRE 07:30 – Our Coast FIRE journey and growth 09:00 – Step 4: Start a 529 plan for your child's future 10:00 – Lump sum investing and early start benefits 11:00 – Step 5: Focus on time freedom, not lifestyle inflation 14:00 – Be The Change with Autism Speaks 15:00 – Financial planning for special needs families 16:45 – ABLE accounts and special needs trusts 23:00 – How to get started with financial planning 25:30 – How to support Autism Speaks 28:20 – Money Quiz with Calvin Hill 34:20 – Closing message: time, freedom, and family RESOURCES & NOTES

You're doing everything right—buying a house, maxing out your 401(k), investing in real estate—but what if these "smart" money moves are actually trapping you in your job? It's the paradox plaguing the FIRE community: you could be a millionaire on paper but can't afford to retire because all your wealth is locked up. Welcome to the BiggerPockets Money podcast! In this episode learn what the middle class “trap” is, why it happens, and most importantly, how to escape it. Scott and Mindy use the example of 'Sam,' a diligent saver, to explain the practical strategies for achieving financial independence, whether through Coast FIRE, Roth conversion ladders, 72(t) distributions, or more aggressive frugality and saving. They also address both the critiques and supporters of this notion, providing actionable advice for anyone feeling financially stuck despite their best efforts. 00:00 Are You in the Middle Class Trap? 00:30 What is the Middle Class Trap? 00:57 The “Ideal” Retirement Portfolio 05:12 The Controversy of the Middle Class Trap 08:53 Strategies to Escape the Trap 18:26 Advanced Financial Strategies 28:06 Mindy and Scott's Early Retirement Roadmap 34:31 Share YOUR portfolio Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the grueling pace of your job fueling your desire for FIRE (Financial Independence, Retire Early)? This week on Check Your Balances, Ross and Dan tackle the reality that for many, burnout is the primary driver of the movement, not just aspiration. We discuss how to re-evaluate your aggressive savings strategy, explore more balanced options like Coast FIRE, and ensure your pursuit of freedom doesn't cost you your current well-being. Stop letting the corporate grind dictate your financial plan—it's time to find a path to independence that's sustainable.#FIREMovement #Burnout #FinancialIndependence #CheckYourBalances #CoastFIRESend us a textSend your questions for upcoming show to checkyourbalances@outlook.com @checkyourbalances on Instagram

Setting up your 401 (k) can feel overwhelming, especially when you are faced with a long list of investment options. To make it easier, we welcome Zina Kumok, financial advisor and money expert, to explain how to choose wisely. Zina covers the importance of the employer match, diversification, and automation so your retirement savings can grow without stress. In the second half, we sit down with Jessica and Corey Fick of The Fioneers, who reached Coast FIRE in their early 30s. They share how they built a million-dollar portfolio, left corporate jobs that no longer fit their lives, and created a business that supports the lifestyle they truly want. If you are just starting out with your 401k or aiming for Coast FIRE, this episode will give you both the tactical steps and the long-term inspiration to succeed. RESOURCES⁠Sponsors, Deals, and Partners that Support the Show Sponsors, Deals & Partners – See all current offers in one place. MKM RESOURCES Own Your Time – Pre-order my first book today! MKM Coaching – Get 1-on-1 support with your family finance journey. Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator – See how fast you can become mortgage free. YouTube – Subscribe for free to watch videos of episodes and interviews. RECOMMENDED RESOURCES (SPONSORS & AFFILIATES) Monarch Money – Best budget app for families & couples. Empower – Free portfolio tracker. Crew – HYSA banking built for families (Get an extra 0.5% APY with my partner link). Ethos – Affordable term life insurance. Trust & Will – Convenient estate planning made easy. Podcast Chapters 00:00 – Why your 401k match is part of your compensation 00:28 – Welcome and overview of today's episode 01:00 – Introduction to Zina Kumok 02:15 – What a 401k is and why it matters 03:30 – Understanding employer matches 05:00 – Choosing investments in your 401k 06:30 – Risk tolerance and diversification explained 08:30 – Automating your 401k contributions 09:20 – Alternatives to a 401k (IRA, HSA, brokerage) 13:00 – The importance of capturing your employer match 14:30 – Where to connect with Zina Kumok 15:17 – Coast FIRE couple spotlight: Jessica and Corey Fick 16:20 – The Coast FIRE Five 18:00 – Their journey from early investing to Coast FIRE 22:30 – How burnout pushed them to redesign their lives 25:00 – Reaching Coast FIRE and slowing contributions 27:00 – What their portfolio looks like today 29:30 – Household income range over 15 years 31:30 – Growing investments without new contributions 33:30 – How they control expenses in New England 35:20 – Advice for others pursuing Coast FIRE 37:10 – Why Coast FIRE is more approachable than full FIRE 40:00 – Where to learn more from The Fioneers HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices

#646: Picture this: your 11-year-old son comes home from a friend's house and asks why you don't have a basketball court in your basement like his buddy's family. Instead of just saying "we can't afford it," you explain that having one would mean dad goes back to working 60-hour weeks and traveling constantly. Your son thinks for a moment and says, "No thanks, I'd rather spend time with you." Andy Hill found himself having exactly this conversation with his son — and it perfectly captures the philosophy that led him and his wife to redesign their entire approach to work and family life. By age 40, Andy and his wife Nicole had built a $500,000 investment portfolio and paid off their house completely. But instead of continuing the corporate grind toward traditional retirement, they made a radical choice: They both switched to part-time work, roughly 20 to 25 hours per week each. Andy joins us to share a 10-step plan for anyone who wants to also switch to a model in which BOTH parents work part-time. We discuss the concept of Coast FIRE – the point where you've invested enough that your money will grow to a comfortable retirement without any additional contributions. Think of it as eliminating your biggest monthly "bill" – retirement savings. Once Andy and his wife hit this milestone, they could afford to earn less and live more. The conversation covers Andy's 10-step framework for achieving this lifestyle, from dreaming about what you actually want to eliminating debt to building what he calls "FU money" — the cash cushion that gives you confidence to make bold career moves. Resources mentioned: Andy Hill's book on Amazon: Own Your Time Marriage, Kids, and Money Podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

Retirement planning just got a lot more flexible. In this episode, Andy Hill breaks down the new 5% rule, based on his interview with Bill Bengen, the creator of the original 4% rule. Learn how this updated strategy can help you withdraw more from your portfolio, reach Coast FIRE faster, and enjoy life while you are still healthy. We also hear the inspiring net worth journey of John and David Auten-Schneider, hosts of the Queer Money Podcast, who grew their wealth from $51,000 of credit card debt to $1.6 million in their early 50s. Finally, Andy and his son Calvin dive into “The Good Word,” where they celebrate positive financial news and explore how investing can grow wealth over time. RESOURCES⁠Sponsors, Deals, and Partners that Support the Show Sponsors, Deals & Partners – See all current offers in one place. MKM RESOURCES Own Your Time – Pre-order my first book today! MKM Coaching – Get 1-on-1 support with your family finance journey. Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator – See how fast you can become mortgage free. YouTube – Subscribe for free to watch videos of episodes and interviews. RECOMMENDED RESOURCES (SPONSORS & AFFILIATES) Monarch Money – Best budget app for families & couples. Empower – Free portfolio tracker. Crew – HYSA banking built for families (Get an extra 0.5% APY with my partner link). Ethos – Affordable term life insurance. Trust & Will – Convenient estate planning made easy. Podcast Chapters 00:00 – Bill Bengen on enjoying life while spending safely 00:18 – Welcome and today's 3 segments 01:00 – The 4% rule explained 02:20 – How Bill Bengen created the 4% rule 04:10 – Why diversification allows for a higher withdrawal rate 05:30 – Introducing the 5% rule 06:05 – Retirement math examples ($1M and $2M portfolios) 06:45 – FIRE and Coast FIRE implications (20x vs. 25x expenses) 07:50 – Conservative vs. aggressive expert takes (Orman, Ramsey, Vanguard) 09:00 – Why flexibility matters in retirement withdrawals 10:00 – Andy's personal perspective on the 5% rule 10:15 – Net Worth Win: John and David Auten-Schneider (Queer Money Podcast) 13:00 – Their early struggles with $51,000 of credit card debt 15:30 – From debt payoff to Coast FIRE 18:00 – Breaking down their $1.6M net worth 21:00 – Navigating income dips and financial resilience 26:00 – Considering Roth conversions and tapping retirement accounts 32:00 – Future plans: Moving to Mexico and geo-liberation 37:30 – Their advice for others starting the wealth-building journey 39:00 – The power of house hacking and frugal car choices 40:20 – Where to find John and David online 40:23 – The Good Word with Calvin Hill 42:49 – Stock market hits all-time high and Calvin's investing progress HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices

Laura (34) and Cameron (38) earn over $200,000 a year and save thousands each month, yet every decision feels like a crisis. Laura, a first-generation Mexican American, grew up in financial chaos and now enforces strict rules, from tracking every purchase in YNAB to keeping Cameron on an allowance. Her dream is to hit Coast FIRE in five years. Cameron, meanwhile, just wants to enjoy life today—take a trip, fix the car, maybe even expand their family. Their daughter is four, and the question of whether to have another child looms large. Can Ramit help them break free from fear, build shared goals, and find a balance between saving for tomorrow and living fully now? A special thanks to DeleteMe for sponsoring this episode. If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. In this episode we uncover: • Why Laura enforces strict financial rules yet still feels unsafe despite saving half their income • How Cameron's “passenger” role with money leaves Laura carrying the weight • Why their $228,000 household income doesn't feel like “enough” in an affluent Chicago neighborhood • How childhood experiences shaped Laura's scarcity mindset • The emotional toll of living as if they are still poor, even with nearly half a million dollars in net worth • How FIRE gave Laura a sense of control and safety—but at the cost of enjoying life today • How chasing control keeps them feeling perpetually “behind” and unable to thrive • The stark contrast between Laura's authoritarian role and Cameron's passivity • How they can move beyond survival mode and start thriving by defining a shared Rich Life vision Chapters: (00:00:00) “I keep my husband on an allowance” (00:09:58) Ramit breaks down their numbers (00:25:05) “We feel poor… on $228,000 a year” (00:41:37) “My parents racked up debt in my name without me knowing” (00:54:48) “I keep us living small” (01:10:21) “CoastFi says we're fine—so why doesn't it feel real?” (01:24:06) “What would make the next 10 years magical?” (01:33:54) Where are they now? Laura and Cameron's follow-ups This episode is brought to you by: Wildgrain | Get $30 off the first box - PLUS free Croissants in every box at https://wildgrain.com/ramit ZocDoc | Download the ZocDoc app for FREE at https://zocdoc.com/ramit then find and book a top-rated doctor today #sponsored SonderMind | Go to https://sondermind.com to get matched with the right therapist in less than a week Facet | Facet is waiving their $250 enrollment fee for new annual members, and for my audience, Facet is offering $300 into your brokerage account if you invest and maintain $5,000 within your first 90 days. Head to https://facet.com/ramit to learn more about which membership option is best for you Links mentioned in this episode • Get tickets for my next live event—September 26 in Los Angeles—at iwt.com/events Connect with Ramit • Get my new book, Money For Couples • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Listen to my book—now on Audible • Get my New York Times best-selling book • Get my no-numbers journal • Other episodes • Instagram • Twitter • YouTube If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.

Fear that early retirement is out of the question because you have too much debt? It's not game over. Whether you're debt-free or still chipping away at your student loans, today's guest is proof that FIRE is never too far out of reach—even when life throws you a curveball that leaves you with $90,000 in debt! Welcome back to the "BiggerPockets Money" podcast! Aubrey Williams thought his financial world was crumbling when his divorce was finalized, leaving him staring down $90,000 in debt. Most would assume this spells doom for financial independence, but Aubrey knew he could dig his way out by increasing his income, cutting costs, and staying laser-focused on his goals. In just eight years, he snowballed out of debt and toward his long-term goal—achieving financial independence at 45. Now that he's turned his financial ship around, he's focused on building wealth for the future. Tune in to learn how he transformed his finances into a comeback story, why he refuses to let setbacks define his dreams, and what his path to FIRE looks like after starting over! 01:05 FI After 90k in Debt 04:32 How to Fast Track FI 05:51 The Path to Savings 14:21 Financial Pillars 19:47 Career Shifts During FI 32:45 The Value of Financial Planning 42:39 Entrepreneurial Journey and Lessons Learned 47:16 Connect with Aubrey Learn more about your ad choices. Visit megaphone.fm/adchoices

Tired of the extreme saving grind? What if there was a way to front-load your retirement savings and then "coast" to financial independence without the stress? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench break down Coast FI - the strategy that lets you stop aggressive saving in your 30s while still retiring comfortably at 65. Coast FI isn't about retiring early - it's about retiring the anxiety around retirement savings. Once you hit your Coast FI number, compound interest does the heavy lifting while you focus on living your life. This approach offers the perfect middle ground between traditional retirement planning and extreme FIRE strategies. This Episode Will Cover: How to calculate your personal Coast FI number Investment strategies that maximize compound growth The psychological freedom that comes with hitting Coast FI Real examples of Coast FI timelines and scenarios Why this might be the perfect FIRE strategy for most people And SO much more! 00:38 What is Coast FIRE 02:16 How to Achieve Coast FI 05:56 Calculate Your Coast FI Number 07:54 Coast Fire by Age 09:21 Passive Income and Coast Fire 19:52 Investment Strategies for Coast Fire 22:40 Investment Order of Operations 28:15 Connect with Scott and Mindy Learn more about your ad choices. Visit megaphone.fm/adchoices

#629: Here's the thing about personal finance advice: what works when you have $10,000 won't work when you have $1 million.  Yet most financial guidance treats everyone the same, whether you're scraping together a $1,000 emergency fund or deciding whether to upgrade to business class. Nick Maggiulli, author of "The Wealth Ladder," joins us to break down how money strategies must evolve as your net worth grows. He's mapped out 6 distinct wealth levels, each requiring different approaches to spending, saving and investing. The levels start simple.  Level 1 covers anyone with less than $10,000 in net worth — that's 20 percent of American households. Here, bad luck gets amplified. A flat tire that costs $200 could spiral into job loss and debt if you can't afford the repair. Level 2 spans $10,000 to $100,000 in net worth. Maggiulli calls this "grocery freedom" — you can splurge on the nicer eggs without checking your bank balance.  Level 3, from $100,000 to $1 million, brings "restaurant freedom."  Level 4, the $1 million to $10 million range, unlocks "travel freedom." Getting beyond Level 4 — into the $10 million-plus territory — requires business ownership or extreme patience. Maggiulli calculates that even saving $100,000 annually after hitting $1 million takes 23 years to reach $10 million, assuming 5 percent annual returns. The data shows income matters more than frugality, especially in the early levels. The median household income in Level 1 is $32,000, but in Level 4 it's $197,000, and in Level 6 it reaches $4.3 million. We discuss why homeownership dominates wealth in Levels 2 and 3, how investment assets become crucial in higher levels, and why many people in Level 4 choose "Coast FIRE" over the grinding path to Level 5. Resource Mentioned: Nick's book: The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life Learn more about your ad choices. Visit podcastchoices.com/adchoices

You've heard the advice that to build wealth, you need to earn more, spend less, and invest consistently. But what if there was a clearer way to understand exactly where you stand financially — and what steps you should take to reach the next level?My guest, Nick Maggiulli, offers just such a framework. Nick is the creator of the Of Dollars And Data blog, the Chief Operating Officer at Ritholtz Wealth Management, and the author of The Wealth Ladder. Today on the show, he unpacks the Wealth Ladder concept, taking the complex, often overwhelming concept of personal finance and distilling it into six easy-to-understand wealth levels, each tied to specific net-worth milestones and financial freedoms.Nick walks us through each rung of the Wealth Ladder, from getting out of financial instability to achieving restaurant and travel freedom, and eventually reaching upper levels of significant financial independence. We discuss the distinct strategies you should utilize on each rung to make the most of that level and move on to the next. And we get into why your spending decisions should be based on your net worth rather than your income, how wealth allocation changes dramatically as you climb the ladder, and why increasing your earning potential becomes more important than penny-pinching as you progress.Whether you're just getting started or well on your financial journey, this episode provides actionable insights and practical wisdom for climbing the Wealth Ladder and securing a life of greater freedom and fulfillment.Resources Related to the PodcastNick's previous appearance on the AoM podcast: Episode #836 — Data-Backed Answers to Personal Finance ControversiesNick's previous book: Just Keep Buying: Proven Ways to Save Money and Build Your WealthNick's article: What is Coast FIRE? The Ultimate Guide to Semi-RetirementThe Missing Billionaires: A Guide to Better Financial DecisionsConnect With Nick MaggiulliOf Dollars and Data blogNick on XNick on LinkedInNick on IG

Coast FIRE is a strategy where you save and invest enough early in life so that your retirement nest egg can grow on its own through compounding, allowing you to stop making new retirement contributions.Today's Stocks & Topics: GPN - Global Payments Inc. (NYS), BRKB - Berkshire Hathaway Inc. Cl B (NYS), AKAM - Akamai Technologies Inc. (NAS), PANW - Palo Alto Networks Inc. (NAS), NVO - Novo Nordisk A/S ADR (NYS), a listener question about 'trailing stops', questions from our YouTube channel viewers: HPE - Hewlett Packard Enterprise Co. (NYS) vs. CARR - Carrier Global Corp. (NYS), NEM - Newmont Corp. (NYS); plus Justin's market wrap, and Justin's talking point: 'Purchasing Power Parity'Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Ka'Chava and use my code INVEST for a great deal: https://www.kachava.com* Check out Mint Mobile: https://mintmobile.com/INVESTTALK* Check out Progressive: https://www.progressive.comAdvertising Inquiries: https://redcircle.com/brands