In this episode Mark discusses three phases of Financial Freedom: Financial Enlightenment, Financial Liberation, and Financial Independence.
Mark shares insights from conversations at recent financial events and episodes of the podcast, emphasizing the importance of financial education, strategic planning, and intentional living.
Listeners will learn about evolving concepts within the FI/RE community, exploring the benefits of 'Coast FI' and 'Slow FI' encouraging a balanced approach to achieving financial independence without sacrificing the present.
The episode wraps up with thoughts on creating meaningful experiences throughout the journey to Financial Independence.
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Episode Links:
The Simple Path to Wealth by JL Collins
The FIoneers blog post on CoastFI vs SlowFI
Investment Calculator
Taking Stock by Jordan Grumet
I Will Teach You to be Rich by Ramit Sethi
What is the 4% Rule for Withdrawals in Retirement
Early Retirement Now - The Safe Withdrawal Rate Series
Die With Zero by Bill Perkins
The Top Five Regrets of the Dying by Bronnie Ware
Timestamps:
00:27 Reflecting on CampFI and Financial Freedom Phases
00:56 Phase One: Financial Enlightenment
04:29 Phase Two: Financial Liberation
08:51 The Boring Middle and Financial Liberation
10:59 Finding Your Tribe and Community
13:46 Exploring Coast FI and Slow FI
19:54 Exploring Barista FI/RE
20:53 Value-Based Spending
23:43 Understanding the 4% Rule
26:06 Lean FI vs. Fat FI
31:09 Living a Life of Financial Independence
33:14 Creating Memory Dividends
35:34 Conclusion and Community Engagement
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