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Stop rushing to financial independence! Take time off before you FIRE forever; it’ll improve your work and personal life!
Today, we’re talking to Matt Smith, who started investing late in his career but still plans to retire in his mid-40s! This is AFTER taking six months off to explore Asia and Europe with his wife, “investing” in life experiences instead of grinding his way to FIRE. Now, with a little one in the picture, Matt isn’t looking at taking another long sabbatical any time soon, but he still says it was worth the money to pause along the path to FIRE.
Matt has a FI plan unlike many others. Instead of fully retiring, he plans to swap careers once he hits financial independence, then use his investment accounts and savings to “bridge” him over until he reaches traditional retirement age. After his sabbatical, he learned that working wasn’t the evil many people make it up to be; working and doing something you love and having financial (and time) freedom may be the best way to FIRE!
00:00 FI in 10 Years!
02:16 Matt’s FIRE Timeline
03:24 FIRE Investments
04:18 Income, Savings, and Expenses
06:26 Get Back Into Real Estate?
09:43 Current Net Worth
12:28 6-Month Sabbatical!
14:50 Coming Back to Work
15:35 How FIRE Changes You
17:44 Connect with Matt!