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Transitioning from a Saving to a Spending Mindset: Finding Your 'Enough' Number

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses the challenging shift from a saving to a spending mindset. After years of disciplined saving and investing, many high earners and perfectionists struggle to enjoy the wealth they've built without the fear of running out of money. Kelly delves into finding your 'freedom number,' the amount at which your investments can reliably support your desired lifestyle. He introduces strategies like creating a paycheck from your portfolio, test-driving financial freedom through sabbaticals, and spending on purpose to bridge the gap between saving and living. The episode also emphasizes tax-efficient withdrawal plans and maintaining flexibility through optionality. Kelly concludes by identifying signs that indicate readiness for this transition and encourages listeners to reassess their plans not just to save more, but to start living more fully. Listeners are invited to book a consultation to find their own financial freedom number.

00:00 Introduction to the Podcast
00:10 Shifting from Saving to Spending
01:12 Understanding Your Financial Freedom Number
01:48 Mindset Shift: From Accumulation to Enjoyment
04:22 Calculating Your Freedom Number
07:29 Building a Sustainable Withdrawal Plan
14:04 Signs You're Ready for Financial Freedom
17:43 Conclusion and Final Thoughts

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