BiggerPockets Money26 Mai 2023

415: Finance Friday: How to Achieve Your “Dream Life” Decades Before Retirement

Retirement is always some far-off goal. When you’re older and much more wealthy, you can live the golden years of your life without a care in the world. The problem? None of us know how much time we have left, how healthy we’ll be as we age, and whether or not these years are the best we’ll ever get. So, why wait to retire in your sixties when it’s possible to retire in your twenties, thirties, forties, or fifties? If you had the choice to live your ideal life NOW, wouldn’t you choose to do so?

On this Finance Friday episode, we talk to Sara, who had a recent wake-up call about waiting for retirement. While on a casual run, Sara suffered sudden cardiac arrest, prompting her to be put into a medically-induced coma. Without any signs of something like this happening, Sara started to ask whether or not she was living her life to the best of her ability and if waiting for retirement age was worth the risk.

With six figures in student debt from her husband but solid salaries to support their low-cost-of-living lifestyle, Sara wants to know how she can transition to part-time work while still saving and investing for early retirement. Thanks to smart decisions Sara has made, she’s in a phenomenal position to take her foot off the gas, but how can she do so without sacrificing her future?

In This Episode We Cover

Student loans and whether to pay off debt or invest for early retirement

Switching from full-time work to part-time hours while keeping benefits and saving your sanity

Planning your “ideal life” and why waiting until traditional retirement age could be a big mistake

Cash reserves and how much you should have when planning to leave a full-time salary

Building your investment plan based on what you (and your partner) really want out of life

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott's Instagram

Grab Scott’s Book, “Set for Life”

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

Money Moment

Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

How to Retire Early (From Someone Who Did at Age 27)

Should You Pay Off Debt or Invest?

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-415

Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(805)

Best of BiggerPockets Money: Aswath Damodaran on the $10 Trillion AI Bet

Is the massive investment in AI worth the cost? In this Best of BiggerPockets Money episode, Aswath Damodaran breaks down the trillions being poured into AI infrastructure, the revenue needed to justi...

15 Okt 28min

From $0 to Financial Independence: Where We'd Start at 25

What would we do if we were 25 years old and starting from $0? In this episode of BiggerPockets Money, Mindy Jensen and Evan Lawler break down a step-by-step plan to build wealth and reach financial i...

14 Okt 30min

The Boring Strategy that Allows Him to Retire at 54 (Median Income)

How do you build a $2 million portfolio and retire at 54 without earning an enormous salary? Mike shares how 25 years of consistent saving, basic investing, and real estate helped him reach financial ...

13 Okt 39min

Did Buying a House Ruin Her Path to Financial Independence?

What if you had $1 million invested for financial independence at just 36, but still worried that buying a home could derail your early retirement plans? Cheryl and her family have two young kids, a $...

9 Okt 46min

Best of BiggerPockets Money: Ben Felix on the 4% Rule

How much can you safely withdraw in early retirement, and is the 4% rule still a good guideline? Ben Felix breaks down portfolio risk, asset allocation, bonds vs. stocks, flexible spending, and the ps...

8 Okt 26min

Is House Hacking Dead in 2026? How to Find Deals That Still Work

Is house hacking still a good strategy for reaching financial independence in 2026? Scott Trench and Evan Lawler break down a real house-hacking opportunity, looking at mortgage costs, cash flow, mark...

7 Okt 31min

How Much Can You Safely Withdraw in Early Retirement? | Christine Benz

How much do you actually need to retire, and once you get there, how do you turn your portfolio into income without running out of money? In this episode, Christine Benz from Morningstar joins us to t...

6 Okt 46min

J Scott Explains Inflation, Interest Rates & the Economy

What is happening with inflation, interest rates, energy prices, and the economy, and what does it mean for investors? In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench...

2 Okt 54min