This week we welcome, The Dude. No, not The Big Lebowski but of equal reverence, The Early Retirement Dude. ER Dude shares the secrets behind how he retired 12-years ago at the age of 36 and never looked back. Mastering financial independence isn’t easy, but with the right plan, he believes almost anyone can repeat his formula for success. You won’t even need a special blend of 13 secret spices. You just need to:
- Clearly define your purpose: why do I want to retire early and if I succeed at my plan, what will I do in retirement (to overcome the inevitable boredom)?
- Decide whether you really want to retire, or do you just need a different career field that actually motivates you?
- How many of your current costs are fixed versus would be avoided or lowered if you worked from home?
- Are your financial goals and lifestyle more aligned withLean FIRE or Fat FIRE retirement saving goals?
- Health IQ – An insurance company that helps health-conscious people get lower rates on life insurance. Go here to support the show and see if you qualify.
References Mentioned in this Show
- The “Early Retirement Dude”
- Investopedia – The 4-Percent Rule Explained
- PB59: Kids Cost What?!
- PB73: Mastering Financial Independence and Student Loans with Robert Farrington
- PB Blog: How Much Home, Car, and Debt You Can Afford on a 30, 50, and $100,000 Salary
- PB Blog: Living on 90% of Your Salary Can Help You Save 1x Your Income by 30 and 3x by 40
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