CoastFI

#1: What is Coast FI? Exploring The Pros and Cons of This Alternative Path to FIRE.

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This episode is an introduction to CoastFI and a discussion about the pros and cons:

  • What is CoastFI?

  • What it could mean for you and your life?

  • Who CoastFI is right for?

  • CoastFI is a point where savings becomes optional.

  • You no longer need to save and invest to reach financial independence in the future.

  • You can just let your money grow and compound in the background while you work to cover living expenses.

  • You just need to be patient while your investments grow.

  • CoastFI makes financial independence much more attainable. 

    Pros of CoastFI:
    1. You can enjoy many of the benefits of FI now. 
    2. You can work on your terms.
    3. You leverage the power of compound interest.
    4. You can customize CoastFI to match your unique life.
    5. You can gradually transition to FI with no hard stop.
      6. Disadvantages of CoastFI:
      1. You still have to work.
      2. The future is uncertain. 
        3. Who is CoastFI right for?
        • Anyone who feels the time they have right now is uniquely valuable.
        • Young people with lots of time for their wealth to grow and compound.
        • Anyone who feels Traditional FIRE is unattainable.
          • ...more
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          CoastFIBy The Coast FI Guy
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