Doug chats with Kristen Knapp about the principles of Coast FI and Slow FI. Going beyond mere definitions they explore the benefits of these strategies, including reduced stress & greater life satisfaction, along with insights into working part-time, investing strategies, lifestyle design, unexpected life events, and the significance of intentional spending & saving. They also answer a couple related questions from the Facebook group.
Questions:
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0:00 Introduction
6:53 Defining Coast FI
12:42 Working vs. passion projects
18:42 Coast FI calculations
25:18 Limitations of Coast FI
34:04 Question – Slow FI vs. regular retirement savings
38:29 Question – Sequence of Returns Risk & Coast FI
47:21 Lifestyle upgrade vs. delaying FI
50:48 Advice to younger selves
57:56 Financial role models
1:04:11 Soundcheck – Testing hobbies
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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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Doug and Carl answer questions from listeners. To submit your own question, send a note to Doug ([email protected]) or Carl ([email protected]). Rakesh asks about...