Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

How this guy is taking a year off work


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Scott is the creator of the blog I Dream of FIRE- a personal finance blog dedicated to his journey down the road of financial independence and early retirement. Scott has recently started a mini-retirement in April and is working on creating amazing content for his blog.

Welcome!

[3:20] So you are new to a mini-retirement, what has been your biggest adjustment?
·       Epic birthday this year
[4:47] How do your days look now?
·       Breaking out of being a secret blogger
[10:5] Were you nervous at all about quitting your job?
·       Started to feel stagnant about work
·       Felt ready for a change
·       Ran through numbers on the spreadsheet
·       Was not a quick decision
·       Wife said to just pick a date- settled on birthday
[12:20] You are on a mini-retirement, does that mean you plan to go back to work at some point?
·       Means different things for everyone
·       Going to spend time looking to do something different
·       Not financially independent
[15:24] So you tell about how you thought that you had a ton of money in your retirement fund, and then realized you didn’t. How did you turn that situation around?
·       Switched careers in 2013
·       Shifted to higher education
·       2013 the market had recovered- but the money was not growing
·       Realized his needed to track his own money
[18:24] What advice do you tell others to avoid being in that same situation?
·       Tells everyone that story
·       Happens to people very often
·       Do your own research
[28:16] What inspired you to create your blog?
·       Started talking to friends
·       Had some amazing conversions
·       Shared what was read on blogs
[29:16] What has been your favorite post?
·       Highly effective money management matrix
·       Video collaboration- 12 days of Christmas
·       Guest post for J$
[33:39] What are some goals that you have for your retirement or your blog?
·       Have a bunch of book recommendations to read
·       Try some new environments
·       Volunteering
·       Dad stuff
[35:33] If you could go back and tell a younger version of yourself something, what would it be?
·       Start travel hacking

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Value Link Round (VLR)

[37:0] Why do you think people struggle to achieve their dreams?
·       Might have too many priorities
[38:2] Do you have any podcast or book recommendations?
·       Podcast: ChooseFI, countdown to Fi, Fire Hoppy, 99 Percent invisible
[38:59] What is your favorite quote?
·       I never make the mistake of arguing with people for whose opinions I don’t respect
[39:32] Any last advice?
·       Start wherever you are



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