I agree with J.D. Our society focuses a lot on being productive and always doing something. If a person is STILL and takes time to do NOTHING and explore, its looked upon negatively. It should be ok to take time for you and do the things you enjoy. Other societies and cultures ENJOY life and a better quality of life. The rat race in the U.S. is real.
Agreed! I've spent my life being a hard worker and I know the moment I decide to "take a year off" my family will be questioning what I'm doing and why (endlessly). I think part of that is the saving vs. the non-saving mentality.
As a fellow human and psychoatherapist, I find that JD brings a much needed nuanced and balanced view to life, including an FI type of life. Making one's goals all about numbers and optimization is rarely, if ever, shown in data and research to be what we find most meaningful at the end of our lives. Yes, we obviously need to have a way to sustain ourselves but beyond that, in my view, it is important to take the time to reflect on what makes life meaningful to each of us and seek to support those aspects of our lives as much as possible. JD's own examples of creativity, health and mental health are prime examples but each of us will have our own areas that hold deep joy and/or meaning for us. Thank you for this lovely interview.
Good insights JD. I understand the concept about not wanting to "take your foot off the gas"while saving. I have taken a year off and it was the thing I could have done. I got sober and came back with a vengeance after finding this community. Thank you Mindy, Scott and JD.
My girlfriend and I (early 30s) are just wrapping up our 1-1.5 year of rest and travel. We did plan for her to quit her job maybe 1-2 years in advance to give some time to save up (both for the trip and just putting a big chunk into that FIRE goal). We certainly agree with JD that it's well worth it to take this time off and reflect and hopefully get some idea of what we want to do going forward.
Thanks for the insight. I am taking time off rn and i have guilt w not working and worrying whether its enough. NW of 1.1M at 47 single mom, nvr married. I appreciate you saying its ok.
Same here single mom 48 and I’m on a leave putting myself first, spiritual, mental, health physical health, reading and family. I was wrapped up in a 9-5 job and plus hours. I’m praying to be led to what’s next.
Thank you so much. My husband and I were late starters and have built a business that is now earning 10x what we had 10 years ago. We have continued to live on 30% and socked away quite a bit. We have one more year syndrome. This really helped me deal with some of my fears. Thank you.
Hi Courtney late starter here. I am thinking of starting a business myself. May I ask which area is your business in and did you build the business or buy?
@@PS-ic4bpHello there. I am a yoga therapist who had a trade school and taught workshops. My husband was a police officer who did decks, fences and roofs on the side and also owned a dojo. We grew the construction business while fazing out everything else over ten years. We now focus only on roofing. It’s been like a snowball growing from about 20 roofs a year to 120 to 200 a year. We did have to hire more crews to keep up. We stayed in a middle class lifestyle while saving the rest. Wishing you the best of luck.
I am closing on my 5th property, I’m 25. I could retire off cash flow if I paid all 5 off easy. I have been trying to think about the freedom I could have if I just focused on paying those off in the next 10 years, witch would be doable. And be free at 35. Or continue to scale and buy more. Great problems to have.
Wow congrats! Out of curiosity Were your parents also investors? I wish I would have had that kind of knowledge and ability at your age. Hell I still don't Own my own house. I finally fixed my post separation credit (beware of mixing finances and relationships) & no longer living paycheck to paycheck. Unfortunately, it's still not enough to finance a property. Many of us know real estate is a great way to build longterm wealth but how to start, especially in this market, is the question. This has to be the worst time to invest but those that had your mindset pre Covid really hit the jackpot. Terrible ordeal but it also made many people into millionaires. Anyway, just wanted to say how amazing your success is altho I'm sure you've heard it many times before.
@@LuLuLatelyjust get more education under your belt and you’ll see people still invest and find deals today , you need to change your mindset if you want to be investor Start with house hacking and watching TH-cam channels like One rental at the time and Dion talk financial freedom , it will show you it’s all possible and easier then you think today . Good luck
He is likely a though AS* because getting paid means being cruel towards people. I know b/c my mom's grandpa was "tough" and he was a business owner. Those people are nothing normally without using the law against others. Bad stuff all together. I have no issue with people in business where people have options but housing is a take it or die situation.
I love this guy. Do you think he'd be willing to mentor me? I know I'm critical of some of your episodes but this was great. He makes me want to start a blog. Probably call it Stay Poor Slowly. Mindy, I'm expecting you to do a book report soon!
I don't help others because I'm putting them first. I help others because deep inside, it feels rewarding and satisfying to my ego. That feeling inside is enough gratification that I don't expect the people I helped to help me back when I'm in need. This means I won't feel cheated or bitter if they don't help me, and I'll feel infinitely grateful when they do (because I dont feel they owe me)
When you financially on an up!! This type conversation is inspiring.. but when you out here still on the grind your need or want perspective is different..no matter how many books TH-cam videos I watch I still haven't been able to repeat non of these property investments no trucking start up no mutaul funds stocks...all that ish require money to make money... but hopefully one day I can have these testimonies
I've been doing that since I'm 30 :-) not necessarily one year off at a time. But I applied the frugalness of FIRE to pay for yearly mini retirements between 1-6 mo. Exception has been COVID where I was working 2000 hrs a year (6 -8 mo a year), which helped me play catch up in my accounts
@@meg8358 im an engineering consultant in a volatile market (mining projects, sometimes in emergent markets). At first though as an office engineer I'd just ask for a few weeks off w/o pay tacked onto vacation during our "low season" , Dec - January.
Sorry JD...but Scott has the responsibility of a newborn. Comparing the day of a new father and that of someone with a lifestyle like JD is like comparing a Martian to a Venetian. It's great that JD can focus only on himself, but many (most) people can't because they have responsibilities outside themselves.
Actually you only die once, you can live for a long time in retirement and you don't want your 70's and 80s to be eating cat food and shuffling around a park for fun.
The host was in ramit’ podcast despite her expressing to agreeing with the interviewee in reality her and her husband do not operate in line with it. My point is that you can have the mindset, lnow the theory and what you should do but operationalise it, practising it as a diff matter. Theory and agreeing with an approach doesn’t mean you are ready to apply it in your life.
I live in a 1 million dollar house, feel like washing, should cash out and add to my 1.5 million investment and retire., but we still want to work because jobs.
I agree with J.D. Our society focuses a lot on being productive and always doing something. If a person is STILL and takes time to do NOTHING and explore, its looked upon negatively. It should be ok to take time for you and do the things you enjoy. Other societies and cultures ENJOY life and a better quality of life. The rat race in the U.S. is real.
Hyper Capitalism
lol, the USA is the reason the other countries can "take it easy"
Agreed! I've spent my life being a hard worker and I know the moment I decide to "take a year off" my family will be questioning what I'm doing and why (endlessly). I think part of that is the saving vs. the non-saving mentality.
As a fellow human and psychoatherapist, I find that JD brings a much needed nuanced and balanced view to life, including an FI type of life. Making one's goals all about numbers and optimization is rarely, if ever, shown in data and research to be what we find most meaningful at the end of our lives. Yes, we obviously need to have a way to sustain ourselves but beyond that, in my view, it is important to take the time to reflect on what makes life meaningful to each of us and seek to support those aspects of our lives as much as possible. JD's own examples of creativity, health and mental health are prime examples but each of us will have our own areas that hold deep joy and/or meaning for us. Thank you for this lovely interview.
Good insights JD. I understand the concept about not wanting to "take your foot off the gas"while saving. I have taken a year off and it was the thing I could have done. I got sober and came back with a vengeance after finding this community.
Thank you Mindy, Scott and JD.
My girlfriend and I (early 30s) are just wrapping up our 1-1.5 year of rest and travel. We did plan for her to quit her job maybe 1-2 years in advance to give some time to save up (both for the trip and just putting a big chunk into that FIRE goal). We certainly agree with JD that it's well worth it to take this time off and reflect and hopefully get some idea of what we want to do going forward.
This is the best podcast experience I’ve listened on your platform. It’s so light 🇬🇧🇬🇧
This was the best speaker I've ever heard on your vlog. He must've been in my head.
Great episode! Really appreciated J.D.'s insight, transparency and willingness to share his journey during this session.
Thanks for the insight. I am taking time off rn and i have guilt w not working and worrying whether its enough. NW of 1.1M at 47 single mom, nvr married. I appreciate you saying its ok.
Same here single mom 48 and I’m on a leave putting myself first, spiritual, mental, health physical health, reading and family. I was wrapped up in a 9-5 job and plus hours. I’m praying to be led to what’s next.
Thank you so much. My husband and I were late starters and have built a business that is now earning 10x what we had 10 years ago. We have continued to live on 30% and socked away quite a bit. We have one more year syndrome. This really helped me deal with some of my fears. Thank you.
Hi Courtney late starter here. I am thinking of starting a business myself. May I ask which area is your business in and did you build the business or buy?
@@PS-ic4bpHello there. I am a yoga therapist who had a trade school and taught workshops. My husband was a police officer who did decks, fences and roofs on the side and also owned a dojo. We grew the construction business while fazing out everything else over ten years. We now focus only on roofing. It’s been like a snowball growing from about 20 roofs a year to 120 to 200 a year. We did have to hire more crews to keep up. We stayed in a middle class lifestyle while saving the rest. Wishing you the best of luck.
@@CourtneyRobinson Fantastic- now I remember I saw you on the podcast. Very impressive. Very happy to hear your story.
@@PS-ic4bp thank you.
Problem is that with most jobs you can’t take off a week or weekend much less a year.
Quit, then find a new job afterwards.
@@grasmi not that easy with certain jobs
What kind of job won't allow you to take a week off? Oh, that's called 'slavery'
@@FIRED13 I was a police/fire/ems dispatcher with min # of people required no matter what.
I would love to experience traveling in an RV. That is one of the items on my bucket list that I haven't done yet. 😊😊
A little peek into the mind of a comic book reader: I’m enlarging the video so I can judge the content of this man’s bookshelf. Good stuff.
I am closing on my 5th property, I’m 25. I could retire off cash flow if I paid all 5 off easy. I have been trying to think about the freedom I could have if I just focused on paying those off in the next 10 years, witch would be doable. And be free at 35. Or continue to scale and buy more. Great problems to have.
That’s great! I’m 25 and just closed on my 3rd! Would u like to connect?
Wow congrats!
Out of curiosity Were your parents also investors?
I wish I would have had that kind of knowledge and ability at your age.
Hell I still don't Own my own house.
I finally fixed my post separation credit (beware of mixing finances and relationships) & no longer living paycheck to paycheck. Unfortunately, it's still not enough to finance a property.
Many of us know real estate is a great way to build longterm wealth but how to start, especially in this market, is the question.
This has to be the worst time to invest but those that had your mindset pre Covid really hit the jackpot. Terrible ordeal but it also made many people into millionaires.
Anyway, just wanted to say how amazing your success is altho I'm sure you've heard it many times before.
AMAZING WORK!! You’re soooooo far ahead! Keep doing your thing, you’ll be insanely successful if you just stay on your path
@@LuLuLatelyjust get more education under your belt and you’ll see people still invest and find deals today , you need to change your mindset if you want to be investor
Start with house hacking and watching TH-cam channels like One rental at the time and Dion talk financial freedom , it will show you it’s all possible and easier then you think today . Good luck
He is likely a though AS* because getting paid means being cruel towards people. I know b/c my mom's grandpa was "tough" and he was a business owner. Those people are nothing normally without using the law against others. Bad stuff all together. I have no issue with people in business where people have options but housing is a take it or die situation.
Taking a year off on a spirtual retreat in thailand is definitely my schedule as i plan my early retirement to thailand in 7 years in my forties.
Hi, can you share more about the spiritual retreat for a year? I’m interested in doing something similar.
I love this guy. Do you think he'd be willing to mentor me? I know I'm critical of some of your episodes but this was great.
He makes me want to start a blog. Probably call it Stay Poor Slowly.
Mindy, I'm expecting you to do a book report soon!
What does JD do for health insurance?
I also have a monkey mind. I relate to this story a lot !!! Thank you J.D. or sharing your wisdom.
Same!
I took a six year sabbatical with a young daughter, lived in my house that is now rented and brings me income. I left the USA so it could be paid off.
I don't help others because I'm putting them first.
I help others because deep inside, it feels rewarding and satisfying to my ego.
That feeling inside is enough gratification that I don't expect the people I helped to help me back when I'm in need.
This means I won't feel cheated or bitter if they don't help me, and I'll feel infinitely grateful when they do (because I dont feel they owe me)
When you financially on an up!! This type conversation is inspiring.. but when you out here still on the grind your need or want perspective is different..no matter how many books TH-cam videos I watch I still haven't been able to repeat non of these property investments no trucking start up no mutaul funds stocks...all that ish require money to make money... but hopefully one day I can have these testimonies
First, learn how to talk
13:15 hmmmm if your NW stays flat, then considering inflation it’s actually declining.
Yeah they didn’t get a goof guest on this one
I've been doing that since I'm 30 :-) not necessarily one year off at a time. But I applied the frugalness of FIRE to pay for yearly mini retirements between 1-6 mo. Exception has been COVID where I was working 2000 hrs a year (6 -8 mo a year), which helped me play catch up in my accounts
What type of career allows you to be able to do that?
@@meg8358Hopefully she'll weigh in, but it sounds like contract/travel nursing
@@meg8358 im an engineering consultant in a volatile market (mining projects, sometimes in emergent markets). At first though as an office engineer I'd just ask for a few weeks off w/o pay tacked onto vacation during our "low season" , Dec - January.
You all should do floating sensory deprivation tanks.
😂😂😂😂I just realized I got the monkey mind 😂😂😂😂 love this episode… thank you!!!
33:11
Solid listen!
What kind of health insurance coverage for something like JD can have in Oregon that is affordable for retiree at such a young age?
Sorry JD...but Scott has the responsibility of a newborn. Comparing the day of a new father and that of someone with a lifestyle like JD is like comparing a Martian to a Venetian.
It's great that JD can focus only on himself, but many (most) people can't because they have responsibilities outside themselves.
JD has zero kids right?
Yes rush to retirement..life is only one..Stop listening to Banks and Investors..
Actually you only die once, you can live for a long time in retirement and you don't want your 70's and 80s to be eating cat food and shuffling around a park for fun.
The host was in ramit’ podcast despite her expressing to agreeing with the interviewee in reality her and her husband do not operate in line with it. My point is that you can have the mindset, lnow the theory and what you should do but operationalise it, practising it as a diff matter. Theory and agreeing with an approach doesn’t mean you are ready to apply it in your life.
👋👋 & thank you🙏 😊
I've been doing the 3 day rule for years actually I do 1 to 2 weeks
Kim’s new boyfriend brings her on vacation with him 😂
❤❤❤
I live in a 1 million dollar house, feel like washing, should cash out and add to my 1.5 million investment and retire., but we still want to work because jobs.
No numbers provided. Useless.
🤘🏻
Get out of my head, JD! You seem to be the male version of me.
People should retire at 40 by law .
I am one of those imnvestor in my mid forties i am done with the wage market.And off to thailand.
Dumb comment
For god's sake, Mindy, Can you pump the brakes on the enthusiasm? You would come accross as a lot more credible. Try to mirror your co-host.
Jackie....100% agreed. Mindy is such a pain in the arse to listen to. IN EVERY EPISODE. Overkill enthusiasm, dumb questions.
Scott is awesome
What a bad episode, this guy is ao cringe in everything he says.
Wow that mic or the settings sound horrible ! i couldn't even watch the video
Keep promoting trying to "get rich" based on worthless fiat money. ..when it end?
Who's supposed to change what we use as money? ...