Fire Drill

Have you ever dreamed of quitting your job and blogging full-time? Probably.

But for most people...that thought is super scary.

Well, today's guest is Bobby from Millennial Money Man, and he did just that.

Bobby left a full-time job as a band director (only 2 years ago by the way), and now makes well over six figures a year blogging.

However, it wasn't quite as dreamy as it sounds. He actually admits it was more of an impulse decision, and not one he'd recommend for everyone.

Still, he's a brilliant, driven, FIRE-oriented blogger who has an incredible story. I'm sure you guys and gals will approve! He's amazing.

We talk...

How he first started blogging (and lessons learned)

Why you might NOT quit your full-time job just yet...

Freelancing to make end's meet

Healthcare costs when you've retired early

Life coaches....

Dealing with angry people that don't understand our FIRE desires.

Want a free book, on us?

We're giving away copies of Pat Flynn's incredible book Will It Fly? How to Test Your Next Business Idea So You Don't Waste Your Time and Money. We'll ship you one in exchange for an honest rating and review on iTunes!

Here's what you do:

Search for 'FIRE Drill podcast' in iTunes, click "write a review."

Screenshot your review

Email to us at [email protected]

Already left a review? Send us the screenshot already :)

 

Show notes and links from today's episode

Bobby's blog - Millennial Money Man

His Facebook Ads Course

The Green Swan - PF and FIRE blogger.

The Swan’s FIRE Prowess Gauge // Savings Rates Be Damned

Our Next Life - Early Retirement, Happiness, Adventure! VERY close to achieving FIRE.

Mr. Money Mustache - One of the OG FIRE bloggers

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss - Must-read for entrepreneurs and FIRE enthusiasts seeking freedom in their work.

Mr. Money Mustache's interview on the Tim Ferriss Podcast (really, really good!)

 

Key takeaways from our chat with Bobby at Millennial Money Man

1 - Why you should probably not quit your job to blog full-time

Bobby had a panic attack the first night after he quit. He struggled for the first several months of the transition (a transition which will be hard for everyone by the way).

In the U.S. especially, we are programmed from an early age to...

get good grades,

get into a good college,

get a good job,

work 40 years then retire.

Unlearning and un-programming ourselves for a more financially independent, no-job lifestyle is extremely, extremely difficult.

If you are under-prepared for quitting your job, it could cost you big time. Such a decision can eat into your savings, or force you back into a job (maybe even one worse than your previous job).

Full-time blogging (or any other jobless lifestyle) is a huge life decision that should be taken into extreme consideration and planning!

BUT...

Don't be discouraged...

 

2 - Still want to get out of your full-time job? Save up a cushion!

This is one of the core tenants of FIRE, of course...but even on a small scale (i.e. mini-retirements, pursing entrepreneurship ventures or part-time work)...you're going to need cash to live off of.

Bobby and his wife saved over a full-year of income.

Worst-case scenario, they were prepared to re-think their options after one year of full-time blogging.

But how does one save up a sizable cushion?

Have you ever dreamed of quitting your job and blogging full-time? Probably.

But for most people...that thought is super scary.

Well, today's guest is Bobby from Millennial Money Man, and he did just that.

Bobby left a full-time job as a band director (only 2 years ago by the way), and now makes well over six figures a year blogging.

However, it wasn't quite as dreamy as it sounds. He actually admits it was more of an impulse decision, and not one he'd recommend for everyone.

Still, he's a brilliant, driven, FIRE-oriented blogger who has an incredible story. I'm sure you guys and gals will approve! He's amazing.

We talk...

How he first started blogging (and lessons learned)

Why you might NOT quit your full-time job just yet...

Freelancing to make end's meet

Healthcare costs when you've retired early

Life coaches....

Dealing with angry people that don't understand our FIRE desires.

Want a free book, on us?

We're giving away copies of Pat Flynn's incredible book Will It Fly? How to Test Your Next Business Idea So You Don't Waste Your Time and Money. We'll ship you one in exchange for an honest rating and review on iTunes!

Here's what you do:

Search for 'FIRE Drill podcast' in iTunes, click "write a review."

Screenshot your review

Email to us at [email protected]

Already left a review? Send us the screenshot already :)

 

Show notes and links from today's episode

Bobby's blog - Millennial Money Man

His Facebook Ads Course

The Green Swan - PF and FIRE blogger.

The Swan’s FIRE Prowess Gauge // Savings Rates Be Damned

Our Next Life - Early Retirement, Happiness, Adventure! VERY close to achieving FIRE.

Mr. Money Mustache - One of the OG FIRE bloggers

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss - Must-read for entrepreneurs and FIRE enthusiasts seeking freedom in their work.

Mr. Money Mustache's interview on the Tim Ferriss Podcast (really, really good!)

 

Key takeaways from our chat with Bobby at Millennial Money Man

1 - Why you should probably not quit your job to blog full-time

Bobby had a panic attack the first night after he quit. He struggled for the first several months of the transition (a transition which will be hard for everyone by the way).

In the U.S. especially, we are programmed from an early age to...

get good grades,

get into a good college,

get a good job,

work 40 years then retire.

Unlearning and un-programming ourselves for a more financially independent, no-job lifestyle is extremely, extremely difficult.

If you are under-prepared for quitting your job, it could cost you big time. Such a decision can eat into your savings, or force you back into a job (maybe even one worse than your previous job).

Full-time blogging (or any other jobless lifestyle) is a huge life decision that should be taken into extreme consideration and planning!

BUT...

Don't be discouraged...

 

2 - Still want to get out of your full-time job? Save up a cushion!

This is one of the core tenants of FIRE, of course...but even on a small scale (i.e. mini-retirements, pursing entrepreneurship ventures or part-time work)...you're going to need cash to live off of.

Bobby and his wife saved over a full-year of income.

Worst-case scenario, they were prepared to re-think their options after one year of full-time blogging.

But how does one save up a sizable cushion?

Have you ever dreamed of quitting your job and blogging full-time? Probably.

But for most people...that thought is super scary.

Well, today's guest is Bobby from Millennial Money Man, and he did just that.

Bobby left a full-time job as a band director (only 2 years ago by the way), and now makes well over six figures a year blogging.

However, it wasn't quite as dreamy as it sounds. He actually admits it was more of an impulse decision, and not one he'd recommend for everyone.

Still, he's a brilliant, driven, FIRE-oriented blogger who has an incredible story. I'm sure you guys and gals will approve! He's amazing.

We talk...

How he first started blogging (and lessons learned)

Why you might NOT quit your full-time job just yet...

Freelancing to make end's meet

Healthcare costs when you've retired early

Life coaches....

Dealing with angry people that don't understand our FIRE desires.

Want a free book, on us?

We're giving away copies of Pat Flynn's incredible book Will It Fly? How to Test Your Next Business Idea So You Don't Waste Your Time and Money. We'll ship you one in exchange for an honest rating and review on iTunes!

Here's what you do:

Search for 'FIRE Drill podcast' in iTunes, click "write a review."

Screenshot your review

Email to us at [email protected]

Already left a review? Send us the screenshot already :)

 

Show notes and links from today's episode

Bobby's blog - Millennial Money Man

His Facebook Ads Course

The Green Swan - PF and FIRE blogger.

The Swan’s FIRE Prowess Gauge // Savings Rates Be Damned

Our Next Life - Early Retirement, Happiness, Adventure! VERY close to achieving FIRE.

Mr. Money Mustache - One of the OG FIRE bloggers

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss - Must-read for entrepreneurs and FIRE enthusiasts seeking freedom in their work.

Mr. Money Mustache's interview on the Tim Ferriss Podcast (really, really good!)

 

Key takeaways from our chat with Bobby at Millennial Money Man

1 - Why you should probably not quit your job to blog full-time

Bobby had a panic attack the first night after he quit. He struggled for the first several months of the transition (a transition which will be hard for everyone by the way).

In the U.S. especially, we are programmed from an early age to...

get good grades,

get into a good college,

get a good job,

work 40 years then retire.

Unlearning and un-programming ourselves for a more financially independent, no-job lifestyle is extremely, extremely difficult.

If you are under-prepared for quitting your job, it could cost you big time. Such a decision can eat into your savings, or force you back into a job (maybe even one worse than your previous job).

Full-time blogging (or any other jobless lifestyle) is a huge life decision that should be taken into extreme consideration and planning!

BUT...

Don't be discouraged...

 

2 - Still want to get out of your full-time job? Save up a cushion!

This is one of the core tenants of FIRE, of course...but even on a small scale (i.e. mini-retirements, pursing entrepreneurship ventures or part-time work)...you're going to need cash to live off of.

Bobby and his wife saved over a full-year of income.

Worst-case scenario, they were prepared to re-think their options after one year of full-time blogging.

But how does one save up a sizable cushion?

Miss Mazuma is a flight attendant on the way to Financial Independence. This is one story you don't want to miss. Everything was going well until quite suddenly she woke up in the middle of a divorce, underwater on most of her rental properties, and struggling to make sense of how it all went wrong.

Miss Mazuma is proof FIRE is attainable for everyone if you're willing to make the sacrifices. Today she is living a life she once thought she might not get to have.

How Bianca pivoted after divorce and real estate failure to pursue financial independence by 40

In this episode you will learn:

The series of unfortunate events that led to losing her properties

What it's like to hike the Camino de Santiago

The value of introspection

A discussion on the challenges of going for FIRE at different ages and stages of life

Miss Mazuma's current and future plans

Show Notes:

The Rise and Fall of My Empire

Hiking the Camino de Santiago

Wild

Contact:

Website

Twitter

Instagram

Join our private Facebook group to continue the discussion. It's invite only, but click the link below to join for the low, low price of free!

Get the invite here!

 

Want to support the podcast? Here are three things you can do.

1. Start tracking your net worth with Personal Capital using our link. It's free.

2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.

3. Join our Facebook group and connect with other members of the FI community.

Miss Mazuma is a flight attendant on the way to Financial Independence. This is one story you don't want to miss. Everything was going well until quite suddenly she woke up in the middle of a divorce, underwater on most of her rental properties, and struggling to make sense of how it all went wrong. Miss Mazuma is proof FIRE is attainable for everyone if you're willing to make the sacrifices. Today she is living a life she once thought she might not get to have.

In this episode you will learn:

The series of unfortunate events that led to losing her properties

What it's like to hike the Camino de Santiago

The value of introspection

A discussion on the challenges of going for FIRE at different ages and stages of life

Miss Mazuma's current and future plans

Show Notes

The Rise and Fall of My Empire

Hiking the Camino de Santiago

Wild

Website

Twitter

Instagram

Join our private Facebook group to continue the discussion. It's invite only, but click the link below to join for the low, low price of free!

Get the invite here!

Miss Mazuma is a flight attendant on the way to Financial Independence. This is one story you don't want to miss. Everything was going well until quite suddenly she woke up in the middle of a divorce, underwater on most of her rental properties, and struggling to make sense of how it all went wrong.

Miss Mazuma is proof FIRE is attainable for everyone if you're willing to make the sacrifices. Today she is living a life she once thought she might not get to have.

How Bianca pivoted after divorce and real estate failure to pursue financial independence by 40

In this episode you will learn:

The series of unfortunate events that led to losing her properties

What it's like to hike the Camino de Santiago

The value of introspection

A discussion on the challenges of going for FIRE at different ages and stages of life

Miss Mazuma's current and future plans

Show Notes:

The Rise and Fall of My Empire

Hiking the Camino de Santiago

Wild

Contact:

Website

Twitter

Instagram

Join our private Facebook group to continue the discussion. It's invite only, but click the link below to join for the low, low price of free!

Get the invite here!

Early Retirement Dude retired from the workforce over 12 years ago in the middle of a successful career in banking. His portfolio survived 2008 and he's proof that early retirement is sustainable.

In this episode we talk about crazy Wolf of Wall Street type banking stories, what it was liking pursuing financial independence before Mr. Money Mustache, what he's been up to the past decade including the details behind being a reddit moderator, and why early retirement was so important for his family.

How Early Retirement Dude Walked Away from His Banking Career and Never Looked Back

In this episode you will learn:

Proof that early retirement is possible

What it's really like being a Reddit moderator for the financial independence subreddit

Crazy stories about what it was like working in the financial industry pre-2008

What life can be like once you hit financial independence

How to deal with fear of missing out with coworkers after your retirement

How early retirement can help you cope with unexpected personal family issues

**disclaimer: his opinions on being a Reddit mod are his and his alone**

Show Notes

Daniel Suelo

Financial Independence subreddit

FatFIRE subreddit

FIREY Femmes subreddit

LeanFIRE subreddit

FinCon

Contact:

Website: Early Retirement Dude

Email: [email protected]

Reddit

Join our private Facebook group to continue the discussion. It's invite only.

Get the invite here

 

Want to support the podcast? Here are three things you can do.

1. Start tracking your net worth with Personal Capital using our link. It's free.

2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.

3. Join our Facebook group and connect with other members of the FI community.

Early Retirement Dude retired from the workforce over 12 years ago in the middle of a successful career in banking. His portfolio survived 2008 and he's proof that early retirement is sustainable. In this episode we talk about crazy Wolf of Wall Street type banking stories, what it was liking pursuing financial independence before Mr. Money Mustache, what he's been up to the past decade including the details behind being a reddit moderator, and why early retirement was so important for his family.

In this episode you will learn:

Proof that early retirement is possible

What it's really like being a Reddit moderator for the financial independence subreddit

Crazy stories about what it was like working in the financial industry pre-2008

What life can be like once you hit financial independence

How to deal with fear of missing out with coworkers after your retirement

How early retirement can help you cope with unexpected personal family issues

**disclaimer: his opinions on being a Reddit mod are his and his alone**

Show Notes

Daniel Suelo

Financial Independence subreddit

FatFIRE subreddit

FIREY Femmes subreddit

LeanFIRE subreddit

FinCon

 

Website: Early Retirement Dude

Email: [email protected]

Reddit

Join our private Facebook group to continue the discussion. It's invite only.

Get the invite here

Early Retirement Dude retired from the workforce over 12 years ago in the middle of a successful career in banking. His portfolio survived 2008 and he's proof that early retirement is sustainable.

In this episode we talk about crazy Wolf of Wall Street type banking stories, what it was liking pursuing financial independence before Mr. Money Mustache, what he's been up to the past decade including the details behind being a reddit moderator, and why early retirement was so important for his family.

How Early Retirement Dude Walked Away from His Banking Career and Never Looked Back

In this episode you will learn:

Proof that early retirement is possible

What it's really like being a Reddit moderator for the financial independence subreddit

Crazy stories about what it was like working in the financial industry pre-2008

What life can be like once you hit financial independence

How to deal with fear of missing out with coworkers after your retirement

How early retirement can help you cope with unexpected personal family issues

**disclaimer: his opinions on being a Reddit mod are his and his alone**

Show Notes

Daniel Suelo

Financial Independence subreddit

FatFIRE subreddit

FIREY Femmes subreddit

LeanFIRE subreddit

FinCon

Contact:

Website: Early Retirement Dude

Email: [email protected]

Reddit

Join our private Facebook group to continue the discussion. It's invite only.

Get the invite here

In this episode, we talk to a young professional FIRE seeker about working abroad as a method to get to FIRE more quickly, married finances, children, travel and her goals.

You will learn in this episode:

How working abroad could accelerate your path to financial independence

How two real couples manage their finances

The arguments for and against waiting until FI to have children

How she started a scholarship fund and asked for donations in lieu of a wedding registry

How to Manage Money as a Couple Pursuing Financial Independence Without Conflict

Listen to the episode using the media player above or subscribe to our podcast in iTunes.

Show Notes

Mr. Money Mustache

Afford Anything

 

Continue the discussion of this episode in our private Facebook group for Fire Drill Podcast Community members:

Request to join the Facebook group HERE

 

Want to support the podcast? Here are three things you can do.

1. Start tracking your net worth with Personal Capital using our link. It's free.

2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.

3. Join our Facebook group and connect with other members of the FI community.