Episode #644
Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus!
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For many of us, FI (financial independence) isn’t just about having the biggest bank account. Growing wealth is one thing, but getting rich isn’t the goal. Freedom, time with loved ones, and giving back to your community are. So, when he reached the millionaire mark and achieved Coast FI, Ryan Brennan knew it was time to leave his new director role and focus on something that fueled his FIRE in a non-financial way.
But, how did he get to a seven-figure net worth in his mid-30s anyway? A few very savvy (and repeatable) money moves catapulted Ryan’s net worth, allowing him to reach a level of financial freedom three decades before traditional retirement age. Through smart investing, unconventional living, and using his money to multiply his investments, Ryan secured the financial runway to enjoy a long sabbatical, doing what he truly loves—service work.
After multiple volunteering trips, Ryan started the FI Service Corps, a group for those on their way to (or at) FI to give back to the community and help others in less fortunate positions. Ryan and his FI Service friends have helped build houses for qualifying low-income families, laid floors, and painted for Habitat for Humanity, and done it all while staying on track for early retirement. Want to give back, too? Join Ryan on a FI Service Corps volunteer trip!
00:00 The Perfect Tuesday
03:31 Massive Money Moves Early On
13:20 Conservative Cash Flow
19:38 Net Worth and Investments
22:36 Leaving His W2 (Sabbatical)
29:44 Giving Back During FI
39:12 Return to Work?
42:07 SLOW FI!
44:28 Start Giving Back!
46:29 Join FI Service Corps!