Freedom Before FI | Life Design, Purpose, Sabbaticals, Coast FI & Financial Independence (FIRE)

The 4% rule has been one of the pillars of the FIRE community. It represents how much we can safely withdraw from our investment portfolio in retirement and It’s how we’ve calculated our FIRE number (or Nest Egg). It’s a great starting point to get into FIRE. The person who came up with the rule in 1994, Bill Bengan has now updated the rule to 4.7%. This now brings a lot of positives, one of them being we might be able to retire sooner than we originally thought. On this episode I discuss this amongst other pros and cons of the new update.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Being semi-retired is a transition period between working full time and being retired. It typically involves working on a part-time basis to cover your expenses. The FIRE milestone Barista FI is considered to be under semi-retirement and it too consists of working part time to help cover a portion of your living costs. The part time job in semi-retirement is usually a slower paced role with less stress. So what jobs can you actually do part time in semi-retirement? In this episode, I discuss 18 part time jobs ideas, I’ll also share 4 part time jobs I’ve done in the past and also 2 key things to consider before scaling down to part time.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Coast FI and Barista FI are both milestones on the Financial Independence journey. Both have pros and cons and on this episode I discuss some of the differences to think about when choosing which strategy is best for you. I’ll discuss the differences around 4 perspectives consisting of time, financial, work and risk. I also discuss some of the similarities too.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Barista FI is a milestone you can use along your Financial Independence journey to free up more time earlier on to do the things that you enjoy in life. This is a strategy you can utilise before reaching full FI, and it gives you time freedom and can help reduce your stress. On todays episode I’ll be giving an example of how you can achieve Barista FI with an average salary.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Continuing the money mistakes theme, I share 3 purchases I’ve made in the past that I’ve kinda regretted and hopefully you can learn from them on your journey to FI, or share them with your younger friends or family members so they’re aware of them too.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

I share 3 money mistakes I made when I was in my 20’s, some of which I’m literally still paying for to this day. Hopefully you can learn from them on your journey to FI or share them with your younger friends or family members so they are aware of them too.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

One of our main aims on the journey to Financial Independence is finding our life purpose. Today we delve into the wrong way to find purpose and an alternative approach that helps you find it the right way. This episode is inspired by the book The Purpose Code by Jordan Grumet.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

We dive into case study stories from amazing early retirees and highlight some of the the key lessons they have learnt in their first few years of early retirement. As this show focuses on enjoying our journey to Financial Independence it's useful for us to be aware of any pitfalls or downsides to FI so we can plan around them in advance.

Case studies on this episode:

• Youtuber Jean Voronkova
• Alan and Katie Donegan (a.k.a The Donegan’s) from Rebel Finance School

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

In part 2, we dive into more case study stories from amazing early retirees and highlight some of the the key lessons they have learnt in their first few years of early retirement. As this show focuses on enjoying our journey to Financial Independence it's useful for us to be aware of any pitfalls or downsides to FI so we can plan around them in advance.

Case studies on this episode:

• Richard & Jackie from Early Retirement Wanderlust
• Joel Hart from the Camp FI Community

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

We dive into case study stories from amazing early retirees and highlight some of the the key lessons they have learnt in their first few years of early retirement. As this show focuses on enjoying our journey to Financial Independence it's useful for us to be aware of any pitfalls to FI so we can plan around them in advance.

Case studies mentioned on this episode:

• Maggie from the awesome Inside Out Money Podcast and platform
• Amon and Christina from the awesome Our Rich Journey finance platform.

Freedom Before FI Links:

• Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/
• Website: Check out our resources and services at www.freedombeforefi.com
• Email: If you want to connect, send me a note at [email protected]
• Instagram: or send a DM at Instagram Link 
• Youtube: https://www.youtube.com/@FreedomBeforeFI 
• Linktree (all links): https://linktr.ee/freedombeforefi

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice