• The Struggle is Real: Work Toward Financial Independence and Still Enjoy the Present

  • 著者: Justin Lee Peters
  • ポッドキャスト

The Struggle is Real: Work Toward Financial Independence and Still Enjoy the Present

著者: Justin Lee Peters
  • サマリー

  • This show is for 20-somethings who don't want to spend their whole life worrying about money. Have you ever asked yourself, “If money wasn’t an issue, what would I do with my life?” If not, think about it because you’ll need an answer sooner than you think, but my guess is, you have. You’ve thought about an alternative career path, starting your own business, or spending more time developing your hobbies but the major factor holding you back is money. I want to solve that problem for you. On the show, we’ll answer questions like: *What are the best investment strategies for early retirement? *How much money do I need to retire early? *How do I negotiate a higher salary or raise at my current job? *What are some profitable side hustle ideas I can start today? *What are the best strategies for budgeting and managing my money? *What frugal life hacks can make everyday purchases more affordable? *How can I withdraw funds from retirement accounts penalty-free before the traditional retirement age? *What are some long-term strategies for building wealth and financial security?
    Copyright 2020 All rights reserved.
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あらすじ・解説

This show is for 20-somethings who don't want to spend their whole life worrying about money. Have you ever asked yourself, “If money wasn’t an issue, what would I do with my life?” If not, think about it because you’ll need an answer sooner than you think, but my guess is, you have. You’ve thought about an alternative career path, starting your own business, or spending more time developing your hobbies but the major factor holding you back is money. I want to solve that problem for you. On the show, we’ll answer questions like: *What are the best investment strategies for early retirement? *How much money do I need to retire early? *How do I negotiate a higher salary or raise at my current job? *What are some profitable side hustle ideas I can start today? *What are the best strategies for budgeting and managing my money? *What frugal life hacks can make everyday purchases more affordable? *How can I withdraw funds from retirement accounts penalty-free before the traditional retirement age? *What are some long-term strategies for building wealth and financial security?
Copyright 2020 All rights reserved.
エピソード
  • When You Can Afford to Leave Your Job But You’re Afraid to Quit | E153 Tess Waresmith & Nicole Franklin
    2024/11/06

    There will be a point in your FI journey when a stable salary will become less important to you. You’ve built up your savings and investments to a place where you are comfortable. The freedom and flexibility over your time are more valuable than that regular paycheck.

    The thought of leaving your job has you nervous though. Even after running the numbers and knowing you have enough, there are still a lot of emotions tied up in financial insecurity. “Do I really have enough? Maybe I should work for one more year.” On top of that, maybe you enjoy your job, don’t want to leave your team down a member during a busy period of work, or unsure what life will feel like without a regular 9-to-5 job.

    Setting all of that aside, deep down you know it is the right thing to do, you just can’t seem to pull the trigger. That is why I wanted to chat with my friends Tess Waresmith and Nicole Franklin. Both recently left their careers to pursue something else.

    If you listened to episode 138, you know Tess is a financial educator and money coach for women. Nicole Franklin and her husband Tyler are the creators behind the blog, Not Your Ordinary Plan, where they document their journey traveling the world while coasting to FI.

    In this episode, both Tess and Nicole share a ton of practical knowledge such as a checklist to prepare for your leave, how to tell your employer you’re quitting, and what to do about that pesky medical insurance. We also get into the mindset side of things such as how to feel confident this is the right decision and embrace the serendipity of a job-free life.

    If quitting is something you’ve been working towards, this is the episode for you. I hope you enjoy my conversation with world travelers and early retirees…Tess Waresmith and Nicole Franklin.

    Key Takeaways:

    • How to know when it is time to leave your corporate job?
    • Understanding money dysmorphia
    • Test-driving retirement
    • What to do before you tell your employer?
    • How to let your employer know you’re quitting
    • Embracing whitespace and serendipity of a job-free life


    Mentions:

    Die With Zero: Getting All You Can from Your Money and Your Life

    Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life


    More of Tess & Nicole:

    Instagram: @wealthwithtess and @notyourordinaryplan_

    Tess’s Free Course: https://www.wealthwithtess.com/fi

    Nicole’s blog: https://notyourordinaryplan.com/start-here/


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

    Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

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    49 分
  • Ignoring the Rules and Paving Your Own Path to FIRE | E152 Diania Merriam
    2024/10/23

    I love FI because it allows me to break the rules and live outside the norm. Like, no one has time for 40 years of traditional employment. But little did I realize I left one set of rules only to get caught up in another - the rules of personal finance.

    For example, let's look at one popular idea, “spend less than you earn and invest the difference.” My friend Jeremy Schneider says this all the time and for the most part, he’s right. This is a great principle and one of the pillars of building wealth. But where we go wrong is when we get too fixated on a rule and let it box us in. Do we have to spend less than we earn…every year? No, we realize that is a silly idea. If you want to plan a year of travel, take off time to raise a newborn, or work on launching a business, that might be a year you spend more than you make…and that’s okay.

    I’m not saying Jeremy hasn’t had a year where he’s spent more than he’s earned. Knowing him, I’m guessing he’s had a couple but sometimes these general guidelines create a limited mindset. Another example is the 4% rule. This one boxed me in for years making me think I needed to reach my FIRE number before I could retire.

    I’ve been rethinking that a lot recently and one person who has impacted me is Diania Merriam. Through her 20s and early 30s, Diania worked in sales. In the midst of one of her peak earning years, she decided to take a 2-month sabbatical to walk 500 miles across northern Spain. A few years later, she quit that job entirely and retired from her corporate career at 33. Diania then founded the EconoMe Conference, a party about money. The conference wasn’t profitable the first few years but Diania didn’t care because she felt like organizing this event was her calling. She is the definition of rewriting the rule book which is why I wanted to have her on the show.

    I’m hoping through her story, you identify a personal finance rule that might be limiting your thinking. We get into topics like how to get your employer to say yes to a sabbatical, getting comfortable leaving a high-paying job, right-sizing work, and more.

    Key Takeaways:

    • How to get your employer to say yes to a sabbatical
    • Getting comfortable leaving a high-paying job
    • Embracing an abundance mindset
    • How to right-size your work
    • Finding FI-lexbility


    More of Diania:

    EconoMe Conference: ​​https://economeconference.com/

    Optimal Finance Daily: https://oldpodcast.com/optimal-finance-daily-podcast/


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

    Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

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    51 分
  • When She Makes More Than You…in a Culture that Hasn’t Normalized Breadwinning Women | E151 Ed Coambs
    2024/10/09

    While we still have a lot of work to do, I’m really glad we’ve made strides in closing the gender pay gap. Women's increased incomes have led to significant changes in household dynamics. More women are becoming the primary or even sole breadwinner for their family.

    This change is great and has led to many positives for both men and women. However, our culture is still caught up in traditional gender roles, especially when it comes to money. Many people expect a man to be the primary breadwinner in a relationship. This leads to awkwardness, confusion and tension.

    In today’s episode, we are going to talk about those feelings, especially from the lens of men. There is no better person to have this conversation with then my friend Ed Coambs. Ed is a financial therapist and has over 20 years of experience working with individuals, couples, and families experiencing a wide range of money-related distress.

    In this conversation, we dive into topics such as overcoming your internal feelings about contributing less financially, managing money with your partner without feeding resentment, and responding to friends when they joke about the income disparity in your relationship.

    A lot of juicy topics, so if you’re ready for it, I hope you enjoy my conversation with firefighter turned certified financial therapist…Ed Coambs.

    Key Takeaways:

    • What happens when your partner is making more than you
    • Handling resentment when one partner makes significantly more money
    • Managing your internal emotions when your significant other has the career spot light
    • Understanding your money origin story
    • Societal messaging about gender norms and money
    • Responding to your friends make jokes


    More of Ed:

    www.healthyloveandmoney.com


    More of The Struggle is Real:

    Find show notes and more at https://www.tsirpodcast.com/

    Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

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    45 分

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