How to Retire Early with the F.I.R.E. System (Financial Independence, Retire Early)
With Guest, Eric Richards, of Nomad on Fire
Learn how to retire early with the FIRE Method (Financial Independence Retire Early). Eric Richards of Nomad on Fire podcast explains how you can become financially and location-independent even if you're a big spender, new to investing or "bad" at math and budgeting.
You'll also find out the three most effective ways to save money, how to become financially independent while a location-independent digital nomad, the best travel credit cards, what the cost-of-living is in Bali and Medellín, and more.
⚡️TOPICS DISCUSSED: THE FIRE METHOD ⚡️
Bali reopening and cost-of-living
What is the FIRE method and 4% rule?
How much do you need to save to retire early?
How long does it take to achieve FIRE?
Different approaches to the FIRE method and passive income (cash flow or draw down approach)
Quitting your corporate job
Burnout and work-life balance
How Eric saved money while a employed full-time
How to avoid lifestyle inflation
Geo-arbitrage
How to balance your job and side hustle
How to stay productive and organize your time when you work for yourself
How to balance ambition with happiness
How to figure out what you want from life
Living in Medellin, Colombia and monthly cost-of-living
Remote Year - is it worth it?
What should you do once you have it "all?" What’s next in life after achieving financial and location independence?
CONNECT WITH ERIC OF NOMAD ON FIRE
📝 EPISODE RESOURCES & SHOW NOTES
Which Countries Can Americans Travel To?:
Related podcast episodes:
Ayodeji Awosika (F*k-you money)
Greg Caplan, Founder of Remote Year
Matt Bowles, Host of the Maverick Show
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