Mini-Retirements: Test Driving Financial Independence | Ep 561 | ChooseFI Podcast

Brad Barrett welcomes Jillian Johnsrud, author of Retire Often, as they delve into the transformative concept of mini retirements. Jillian shares her insights on how taking intentional breaks from work can enrich life experiences, enhance personal growth, and help individuals navigate transitions on their journey towards financial independence.

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Key Topics Discussed:

1. Introduction to Mini Retirements

   • Overview of the concept and its significance within the financial independence community.

2. What is a Mini Retirement? 00:02:43

   • Jillian defines mini retirements as intentional breaks of one month or longer focused on meaningful activities.

3. The Importance of Seasons of Life 00:06:01

   • Discussion on recognizing and embracing life's unpredictable seasons and their relation to experiences.

4. Practicing Early Retirement 00:17:34

   • The necessity of practicing life beyond work before transitioning into full retirement to build confidence.

5. Overcoming the Fear of Retirement 00:25:36

   • Exploring common fears related to stepping away from work and how to leverage the fear of regret as motivation.

6. Finding Balance in Life Experiences 00:35:53

   • Tips on focusing on one to two meaningful goals during a mini retirement to create a fulfilling experience.

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Key Quotes:

• "Mini retirements are intentional breaks to enrich life experiences." 00:03:39
• "Embrace life's unpredictability; seize the moment for experiences now." 00:05:10
• "Practice mini retirements to master the art of living beyond work." 00:45:44

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Actionable Takeaways:

• Attempt a mini retirement for a month to discover personal interests and break from routine. 00:03:39
• Focus on one or two meaningful goals during your mini retirement for a fulfilling experience. 00:35:53

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Discussion Questions:

• What experiences resonate with you when thinking about a mini retirement? 00:36:46
• How does understanding life's seasons impact your financial journey? 00:06:01

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Resources Mentioned:

• Retire Often Book - Jillian Johnsrud's guide on incorporating mini retirements into life. 00:48:42
• Retire Often Group Coaching - A supportive resources for individuals seeking guidance on financial independence and lifestyle design. 00:48:42

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Related Episodes:

• Episode 451: Exploring Mini Retirements with Jillian Johnsrud
• Episode 472: Cure for the Boring Middle