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Thanks! Such a great point. Do you have any advice for others to know when enough is enough?

Absolutely 👏 there’s only so much time that we all have. Why waste it at a job if we don’t have to.

Wow! It sounds like it ended up working out in the end, and am glad you are staying busy. How are you spending your time in retirement?

@@Fioneers I work at my wife's women's clothing boutique 3-4 days per week 😃

Nice! 👍 such an opportunity to be able to work with your partner.

Great question. The value of your investments.

Yes, Coast FI is how much you’d need invested today. Although, your question provided clarity to me for the first time in years that our calculator is primarily for a stock market investor as opposed to a real estate investor. There are easy ways to calculate (full) FI with real estate investing (or even a combo of RE and stock market), and that is often looking at the cash flow of RE as opposed to the value or even equity of the property. Theoretically you should be able to determine if your coast Fi as a real estate investor, but I’m not sure I have an easy way to do that. I need to spend a little more time thinking on this. If you’re interested, and you want to send me a few more details to my email, I could review them and maybe even incorporate the numbers into a future video as an example as I tease this out: Corey [at] thefioneers.com

Aha yay! Thank you for clarify the calculator is for stock and the offer to take a look at the RE question. I will send you an email 😊

Are you saying you’d rather work the night shift 😂 or just to be paid for sleeping? Have you been able to find such a job?

@@Fioneers I do sleep research.

Ahh, nice! That makes sense. 😀

It can feel scary or intimidating to reduce your income. Coming from someone who has made multiple changes over the past 6 years, I think the freedom and flexibility is worth it. Take it one step at a time. Good luck with your transition to part time and the life situation that is making that happen. It sounds like it’s not the best of news that is bringing part time to you. ❤️

Thank you! Thats amazing! I love to take advantage of activities during the middle of the week and am so glad to hear of others doing that too.

You’re welcome, and yes, the coupon should still be good 👍

A good question. I think it depends on priorities and resources. I personally am excited to switch to an electric vehicle in the coming years for many reasons.

@@Fioneers Yes, I would also be interested in seeing a shift from what can save you the most over an individual lifetime to contributing to local communities long-term. Sometimes the most pro-social things are more expensive (buying local, eating local, initial EV cost, etc) but still very much worth doing if you can.

I agree that they are worth doing!

Amazing! Do you do something new with each break, or the same thing every time?

@@Fioneers I do. I have gone back to school, moved towns, traveled, opened my own businesses, or worked jobs I was curious about.

Would you ever take a mini retirement even if your job did not permit it, and it would mean finding a new job after?

Such a great idea 💡 we were actually just talking through examples of mini retirements for a future video idea, and the AT is on the list. What would it take for you to take 6 months off to do it?

I would need to save enough to continue to make mortgage payments while I was not working for 6 months or else have my mortgage paid off already. The housing expense usually is where the bulk of our paychecks go :o)

Amazing. How are you using your time? Travel? Recovery from burnout?

Thank you! Amazing! Glad to hear you’re taking full advantage of the time.

Good for you for taking the time, especially when you can do it together. What do you have planned for the year (if anything yet)? Many of us, including us, worry about money to some degree. That is natural and there are ways to work through those emotions.

I am really lucky. I have a cousin who flys for American. She is taking me to Greece in a few weeks. My husband and I are going to take our dog and hope to hit the Redwood Forests, Bryce Canyon and the Utah National Parks, and Yellowstone. Those are some of the tentative plans.

Amazing! Glad to hear you have some plans, but enough space in there to recover. We loved southern Utah, and are going to the Redwoods NP soon. We just hit up Humboldt Redwoods state park which was magnificent.

Yes, I’ve heard this as well, but there are ways to work around this if a break is really important to you. Someone could work with their employer to take a mini retirement as a leave of absence, so that they could return to the same job. Alternatively, in preparing for a break, they could also increase their savings to prepare for a longer time to get a new job. I do think difficulty in getting a new job will depend on your experience and industry.

Amazing! Glad to hear you took advantage of the time. How did you use the time? Recovery, or some adventure?

That sounds like a great plan. 👍 your parent is lucky to have you.

Thank you. It's been ten years so far since I have had a vacation. My own bucket list is onhold!!

That’s a long time to go without a vacation. Remember to take care of yourself on this journey.

Thanks for the video idea 💡 we’ll add that to the list.

And yes, there’s a huge advantage to having money in a taxable brokerage account for the flexibility

That’s fair, and yes, we agree that teachers are underpaid, some states more than others. Do you feel like you have any other options?

@@Fioneers Other than teaching? Yes, I left teaching in order to have that regular office job that pays better and is less stressful.

Oh, I read that as “I would gladly give up…” 😂 I’m glad to hear that! 👏

Thanks so much! We really appreciate it

Thank you! That means a lot!

That’s amazing! What do you and your wife do for work? Sometimes there’s not really a distinction between a coast fi lifestyle and semi retirement.

@@Fioneers I'm a pastor and my wife homeschooled our children for 20 years and is now teaching at a local school

It really is! Thank you.

Thanks for sharing your experience! So glad to hear it’s living up to the hype for you.

Two really great additions. I am not advocating people withdraw from their 401k early, but to use their taxable account initially. With Obamacare, it is easier than ever to get health insurance outside of an employer sponsored plan, but important to consider the costs as you say.

The Coast FI number is a future value calculation using your current spending and both safe withdrawal rate and assumed average growth rate as assumptions. Essentially, it determines how much you need when you retire and then determines how much you would need today based on how many years you have left until you reach retirement and an assumed growth rate. We have a couple of videos that go into more detail that may be helpful.

Yup! It’s a great reminder that we don’t have to put up with something that is harmful to us.

Such a great point about income tax. Thanks for that addition.

There is always the risk of withdrawing assets too soon, but it’s hard to argue with the results with seeing people do it and still work towards financial independence. If there were a huge market correction, semi retired folks have the option of increasing their active income too.

I think there are a number of ways to get to full retirement in someone’s 40s, but I agree with you that semi retirement is much more approachable for most people.

It's doable. Easy mode if you stay single as a well paid corporate drone, even. I shifted to part time work at 33. Hit 1 million at 35. I'm past my FIRE number, but remote part timing is comfy enough to not pull the trigger on becoming unemployed for now. But I'll be surprised if I'm still doing this job at 40.

@OrdinaryHuman, thanks for adding your experience! Don’t you just love part time work?!

@@Fioneers Yup, part time is pretty great.

It's all dependent on your spend. If you live on $20k/year, you can retire on $500k, which is easier to accumulate with a low spend like that

Thank you! Yeah, it sure does!

Sounds like a great option. What type of work would you want to do full time if you could semi retire?

Plan 1 is a good plan. Yup, adjusting down your hours and incurring more costs is very nuanced. I do like how you can do it a little bit at a time. Many employers also still consider a certain % as full time for benefits purposes. I’ve seen 60-80 percent as the threshold where benefits are still provided and they pay the same % of the premiums.

Haha! Thanks for confirming for us. 🙂

Thank you! Amazing, that sounds like a great plan. Good luck launching your practice 👍

Yup, that is one of my favorite quotes too. Don’t wait to live and design the life that you love.

Well said! Thank you!