Learn how to retire early with the FIRE Method (Financial Independence Retire Early). Eric Richards of Nomad on Fire podcast explains how you can become financially and location-independent even if you're a big spender, new to investing or "bad" at math and budgeting.

You'll also find out the three most effective ways to save money, how to become financially independent while a location-independent digital nomad, the best travel credit cards, what the cost-of-living is in Bali and Medellín, and more.

TOPICS DISCUSSED:

• Bali reopening and cost-of-living
• What is the FIRE method and 4% rule?
• How much do you need to save to retire early?
• How long does it take to achieve FIRE?
• Different approaches to the FIRE method and passive income (cash flow or draw down approach)
• Quitting your corporate job
• Burnout and work-life balance
• How Eric saved money while a employed full-time
• How to avoid lifestyle inflation
• Geo-arbitrage
• How to balance your job and side hustle
• How to stay productive and organize your time when you work for yourself
• How to balance ambition with happiness
• How to figure out what you want from life
• Living in Medellin, Colombia and monthly cost-of-living
• Remote Year - is it worth it?
• What should you do once you have it "all?" What's next in life after achieving financial and location independence?

SHOW NOTES & RESOURCES

• FIRE Method
• Remote Year
• When is Bali Reopening?
• Which Countries Can Americans Travel To?:
  • Video: https://youtu.be/yfyLFJtKqsc
  • Podcast: https://www.travelingwithkristin.com/digital-nomad-podcast/where-can-americans-travel
  • Medium: https://medium.com/digital-nomad-digest/35-countries-americans-can-travel-to-right-now-dec44cacb30
• Related podcast episodes:
  • Ayodeji Awosika (F*k-you money)
  • Greg Caplan, Founder of Remote Year
  • Matt Bowles, Host of the Maverick Show
• Parkinson's Law
• Wealthfront Robo-Investor

CONNECT WITH ERIC

• Nomad on Fire Podcast
• Instagram
• Facebook

Show Notes: How To Retire Early on Traveling with Kristin.com

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