On today’s episode of the BiggerPockets Money Podcast, Co-Host Scott Trench teams up with two personal finance superstars in Whitney Hansen and Doc G of Diversefi.com. Together, they hear four “life after FIRE” stories, each completely different, each extremely powerful. We talk with a business owner struggling with millions of dollars in debt who was able to sell his business, re-write his career (he is now a business coach), and get a new handle on his time. Another guest retired with her husband in 2012 and together, they took on adventures and traveled the world together. Financial independence made all the difference for them in allowing them to experience as much of the world as possible, as her husband passed away a few years following early retirement. A third couple left their high paying jobs at the height of their earning potential to travel the world together, and they could not be more thrilled with their decision or excited about life. And finally, we interview the CTO of ChooseFI, William, who was able to retire early, overcome the loss of his wife, and use his financial freedom to pursue the job of his dreams with a great company, and provide for his children. These stories highlight the importance of achieving Financial Independence and using it to make the most of our lives. In This Episode We Cover:
What their life looks like after FIRE and the challenges they faced
William's journey to financial independence
The advantage of being financially independent in the workplace
How they plan for caregiving
Tim's background
Financial Independence Rewired Early
The importance of having a clear second act
The difference between working on his business and working as a coach
The FIRE life
Tim's advice for anyone who's looking to pursue financial independence
Rachel and Paul's backgrounds
On their mission 50 by 50
Oma's background
On healthcare cost
Links:
Mr. Money Mustache
Mad Fienstist
The Money Nerds Podcast
What's Up Next Podcast
Altus Business Advisors
Tim's email
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