Justin retired 1 year ago today!
What did he do? How does he feel? Did the numbers work out as expected?
Luckily for you, he’s dropped all the answers to that in the show with the highlights below.
Read on for Justin’s notes:
Numerical Highlights from Year 1:
Averaged around $2500/mo or $30k/yr spendingNetworth increased by ~400k ($1.7M -> $2.1M)Continued to save money4% SWR + Passive Income = ~13k/mo or $156k/yr if I wantedRetirement Feelings Explained:
Relaxed: just being yourself and no corporate coating, Awkward: Realizing every American interaction with someone starts off with work followed by me trying to explain the situation and balancing the outward perception from to Proud: as someone who is often hard on themself for not sticking to things, financial independence took real commitment for ~9 years. Scared: that I’ll have great ideas I want to try, memories I want to make, relationships I want to strengthen, or things I want to discuss… but discover that those I want to do it with don’t want those things at allRelieved: After a year, I find similarities to the relief I felt over telling everyone I gave up alcohol. Saying aloud that I’ve done something that 99% of people will never do felt very weird at first, but then I adjusted to that 1% weirdo being my story, and the people who truly care about me let you be that 1% weirdo. And that exchange ends with a lot of relief. Responsible: I feel a responsibility to push the people I love the most to take ownership of their financial lives Satisfied: Not from a mentality that everything that needs to be accomplished is accomplished. My sense of satisfaction comes from knowing that the first year of retirement was worth every decision and delayed gratification even if it’s the only year of financial freedom I ever get. Detailed Breakdown of Year 1 Activities:
Hosted my niece for a week in AustinMade custom laser engraved gifts for my mom and good friendTried Franklins BBQ and Interstellar BBQ for the first timePlanned and purchased everything for a kitchen remodelSaw several moviesRedesigned ripped dip packagingAttended consumer product goods meetupsWent to the trail of lightsDid a baby kangaroo feeding experienceRedesigned my Dad’s upstairs to be a sudo apartment in MississippiRipped up old flooring and prepped concrete for staining Replaced all the windows in the flipSpent two weeks in MississippiEnjoyed Christmas with my familyTons of workoutsTwo weeks in MississippiSomeone hit and totaled my TeslaRedid Kitchen in Leslie’s family beach houseLots of other projects there like replacing all the hardware for the doorsSpent a week on the Texas coastSaw several moviesLots of cookingLots of workoutsDove into Ninja CreamisSpent two weeks on the Texas coastMore beach house remodelingWent to the Austin SymphonyTook the train to DallasCompleted the purchase of my New (to me) Tesla Model YSpent a couple of days with my best friend in DallasSpent a week in MississippiLots of remodeling on the flip houseAttended a RodeoTook my niece to a concert in NashvilleSpent two weeks in MississippiPlayed golfReplaced doors and painted the exterior of the flip houseDrove back to AustinTried a new boxing classDid my first Dexa scan (10.1% body fat)Spent a week in MiamiAttended Ultra music festivalWent to two additional concertsDrove back to Texas CoastMore remodeling on Texas beach houseFound outfits for our engagement (surprise to Leslie)Made pies/desserts for Leslie’s Brother’s 50th birthdaySpent two weeks in PortugalGot engagedA quick trip to ParisVolunteered for Preservation Austin home tourSpent a week in Puerto VallartaHosted my parents in AustinThrew an engagement partyAnother trip to the Texas CoastYoga wellness day tripDeadMau5 show in AustinSpent 10 days in ChicagoAttended Beyond Wonderland music festival in ChicagoTons of catching up with friends, sporting events, new restaurants, museums etc4 more days in ChicagoHouse sitting for Leslie’s brother10 days in MississippiMore work on the flip houseCookout for Father’s DayConsumer Product Goods eventSpent a week in AlaskaTook a private plane flight around the glaciers and mountainsSpent two weeks across Oregon/WashingtonOdesza concert at The Gorge on the 4th of JulyOregon Coast stayClammingExploring PortlandBerry PickingBeautiful hikesHighland cow experienceHouse sitting for Leslie’s BrotherWeek in Puerto RicoTraveled to southern MississippiAttended my Aunt’s weddingSpent a couple of days with my AuntSpent over two weeks in AfricaHiked KilimanjaroDid African SafariBoat day Lake AustinKnocked off some local Austin restaurants from the wishlistBegan planning our 6 month international tripStarted taking running more seriouslyMississippi State vs Texas football gameHosted friends from MississippiKygo concertF45 photoshootCelebrated Rhonda’s birthdayStaycation downtown AustinMaggie Rogers concertACLDomdolla concertBaking spree (first biscuits, high protein desserts)Started building cookbookVintage culture concertRide along in a rally carLeslie 10yr college reunionAustin Networking getaway weekendWedding ExpoHosted 5k / FriendsgivingSpent 11 days in Dallas with my best friendCreed concertHyrox race4 days in Mercury Texas for ThanksgivingWooli concertIt’s obvious that Justin didn’t get bored in retirement or feel as though he was just sitting around being worthless.
We hope you enjoyed this detailed breakdown and case study of what a real example of retirement looks like.
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Links from the Episode
Justin’s Retirement Announcement Episode$5,000,000 Net Worth and 2,000,000 Downloads EpisodeJoin the Community
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