Mile High FI Podcast

Coast FI or Slow FI - Best Way to Retire Early - Kristen Knapp | MHFI 247


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Doug chats with Kristen Knapp about the principles of Coast FI and Slow FI.  Going beyond mere definitions they explore the benefits of these strategies, including reduced stress & greater life satisfaction, along with insights into working part-time, investing strategies, lifestyle design, unexpected life events, and the significance of intentional spending & saving.  They also answer a couple related questions from the Facebook group.

Questions:

  • Melanie – What’s the difference between SlowFI and just saving for retirement like a Regular Joe?
  • David – I do have a question about Coast FI. When someone says they have saved enough to retire at a certain age in the future, does the sequence of returns risk from that moment hit them harder or softer? Retirees can reduce their spending to help themselves in the first few years of retirement if the market turns down. But if you’re drawing no money, I guess I don’t understand if that makes it safer or more risky.
  • This episode is brought to you by GhostBed.  Doug has the GhostBed Luxe Mattress and loves it!  Take the 3 minute sleep quiz to see which mattress is right for you.  Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI)

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    Buy 2 months, get 1 month free limited time offer available until January 2, 2025 at 11:59pm PST for new customers and at select channels only. “One month free” applied as $15 discount at checkout on 3-month 5GB plan only – upfront payment of $30 required, w/taxes & fees extra. One-time discount applied for first 3 months only. Not combinable/available with certain other promotions/offers.

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    https://milehighfi.com/nectarine

    Help Doug pay for his new e-bike by providing support at Buy Me A Coffee.

    Links

    (*Some affiliate links so we might earn a commission if you buy something)

    • Connect with Kristen
      • FI Friends Travel website
      • Kennel Enrichment Program (Humane Society)
      • MHFI Facebook group
      • EconoMe Conference
      • CampFI
      • Carl Jensen
      • ChooseFI Local Groups
      • Bill Perkins, “Die With Zero”
        • Kindle
        • Hardcover
        • Paperback
        • Audiobook
        • JL Collins, “Simple Path to Wealth”
          • Kindle
          • Hardcover
          • Paperback
          • Audiobook
          • Dave Ramsey, “The Total Money Makeover”
            • Kindle
            • Hardcover
            • Paperback
            • Audiobook
            • Pete Adeney/Mr. Money Mustache
            • Get Rich Slowly
            • Doug’s site
            • Check out Producer Chris’s new blog: Epic Financial Journey
            • Join the Mile High FI Club – It’s the email list!

              Get MHFi Merch – It helps support the show. Get t-shirts & more

              **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

              Brought To You By:

              The Doug Show, aka Affiliate Marketing & Side Hustles

              Email the show: [email protected]

              0:00 Introduction

              6:53 Defining Coast FI

              12:42 Working vs. passion projects

              18:42 Coast FI calculations

              25:18 Limitations of Coast FI

              34:04 Question – Slow FI vs. regular retirement savings

              38:29 Question – Sequence of Returns Risk & Coast FI

              47:21 Lifestyle upgrade vs. delaying FI

              50:48 Advice to younger selves

              57:56 Financial role models

              1:04:11 Soundcheck – Testing hobbies

              ...more
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              Mile High FI PodcastBy Doug Cunnington & Carl Jensen

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