In this episode of the Mark's Money Mind show, host Mark Trautman, along with co-host Kevin Sebesta, speak live from CampFI Rocky Mountain about various aspects of the Financial Independence / Retire Early (FIRE) journey.
They welcome guests from different stages of the FI process, including Alison, who is in the discovery stage, and Camille and Daryl, who are in the mindful middle of their journey. Additionally, Darren and Jolene, who have graduated past the FI finish line, discuss how they manage their finances post-retirement, specifically focusing on strategies like the 72T distribution.
The episode underscores the importance of community support, planning, and adaptability in achieving financial independence and designing a fulfilling post-retirement life.
Episode Links:
Mark’s Money Mind YouTube Channel
The Mindful Middle | Episode 018
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy By Thomas J. Stanley & William D. Danko
The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom By Craig Curelop
Timestamps:
- 00:00 Welcome to Mark's Money Mind Show
- 00:50 Introducing Co-Host Kevin Sebesta
- 02:15 Guest Spotlight: Alison's FI/RE Journey
- 02:29 Discovering Financial Independence
- 08:48 Reselling as a Side Hustle
- 11:44 The Mindful Middle: Camille and Daryl's Story
- 13:18 Navigating the FI Journey
- 15:33 House Hacking and Financial Strategies
- 24:50 Balancing Saving and Enjoying Life
- 31:20 Team Effort in Financial Planning
- 33:12 First Impressions of the Event
- 36:05 The Graduates: Darren and Jolene
- 37:17 Accessing Retirement Funds Early
- 42:53 Roth Conversion Ladder Strategy
- 44:15 72(t) Rule Explained
- 50:31 Planning and Adjusting for Early Retirement
- 58:50 Final Thoughts
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