Doug chats with Colorado resident Rusty about life after achieving financial independence. Rusty shares his journey from growing up debt-averse to his career as a lawyer and then retiring at a young age. He shares challenges with securing mortgages without traditional income, tackling healthcare, and the importance of learning new skills & staying active. Rusty also describes a unique withdrawal strategy called “Buy, Borrow, Then Die”.
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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0:00 Introduction
2:28 Discovering FIRE & Rusty’s background
9:19 Saving & debt-avoidance
14:44 Retirement & last working days
19:12 Moving to Colorado
26:34 Obtaining a mortgage in retirement
35:01 Buying a second property
39:19 Lifestyle changes & learning new skills
47:09 Healthcare
52:16 Buy, borrow, then die
1:03:28 Soundcheck – Home impressions
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Get MHFi Merch – It helps support the show. Get t-shirts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
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