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FIRE at 50 by Creating “FI Paychecks” That Fund My Early Retirement! | Life After FIRE

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Manage episode 474768025 series 2566047
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Would you delay your early retirement for years to feel safer and secure once you FIRE? That’s what Mark Trautman did, FIRE-ing before discovering the FIRE movement was even a thing. While he could have retired in his 40s, Mark pushed his retirement date to 50, retiring with a conservative withdrawal schedule that even beats the 4% rule. But, thanks to being invested throughout his retirement, Mark has blown past even his Fat FIRE dreams, spending what he wants, when he wants, without a worry!

But it wasn’t the money that made Mark thankful for FIRE. Mark was able to be right next to his wife and even his father during their last days, being fully dedicated to them and not worrying about a job or paycheck he had to go after. This is the TRUE point of FIRE, and living like Mark could have the same powerful impact on you.

Speaking of paychecks, Mark’s “FI paychecks” are fueling his retirement, so much so that he barely (if ever) needs to withdraw from his retirement portfolio. How is this completely passive cash flow funding his life? Copy Mark’s strategy, and you could be Fat FIRE by 50, too!

In This Episode We Cover

The “FI paychecks” you should set up once you’re near early retirement

Why FIRE is about MORE than money; it’s about time with the ones you love

Mark’s “Fun Bucket” for worry-free spending on life-changing experiences

Why delaying your early retirement could help you FIRE without money anxiety

The one inflation/market downturn hedge Mark uses that provides him with passive income

Early retirement healthcare and how Mark pays for health insurance without employment

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Follow BiggerPockets Money on Instagram

“Like” BiggerPockets Money on Facebook

Subscribe to the BiggerPockets Money YouTube Channel!

How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters

Mark’s Money Mind

EconoMe Conference

Get to FIRE Faster with “Set for Life”

Sign Up for the BiggerPockets Money Newsletter

Find an Investor-Friendly Agent in Your Area

How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters

(00:00) Intro

(00:53) FIRE at 50!

(04:37) Scared to Withdraw for Retirement?

(07:59) Super Conservative FI Strategy

(12:34) The FI "Paycheck"

(13:25) Spending in Early Retirement

(15:14) Time Freedom to Care For His Wife

(21:42) The "Fun" Bucket

(25:24) Market Corrections Are GOOD!

(29:41) Add Treasuries to Your FIRE Portfolio?

(32:09) FIRE Healthcare

(34:46) The FIRE Lifestyle

(37:52) Connect with Mark!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-624

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

659 episodes

Artwork
iconShare
 
Manage episode 474768025 series 2566047
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Would you delay your early retirement for years to feel safer and secure once you FIRE? That’s what Mark Trautman did, FIRE-ing before discovering the FIRE movement was even a thing. While he could have retired in his 40s, Mark pushed his retirement date to 50, retiring with a conservative withdrawal schedule that even beats the 4% rule. But, thanks to being invested throughout his retirement, Mark has blown past even his Fat FIRE dreams, spending what he wants, when he wants, without a worry!

But it wasn’t the money that made Mark thankful for FIRE. Mark was able to be right next to his wife and even his father during their last days, being fully dedicated to them and not worrying about a job or paycheck he had to go after. This is the TRUE point of FIRE, and living like Mark could have the same powerful impact on you.

Speaking of paychecks, Mark’s “FI paychecks” are fueling his retirement, so much so that he barely (if ever) needs to withdraw from his retirement portfolio. How is this completely passive cash flow funding his life? Copy Mark’s strategy, and you could be Fat FIRE by 50, too!

In This Episode We Cover

The “FI paychecks” you should set up once you’re near early retirement

Why FIRE is about MORE than money; it’s about time with the ones you love

Mark’s “Fun Bucket” for worry-free spending on life-changing experiences

Why delaying your early retirement could help you FIRE without money anxiety

The one inflation/market downturn hedge Mark uses that provides him with passive income

Early retirement healthcare and how Mark pays for health insurance without employment

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Follow BiggerPockets Money on Instagram

“Like” BiggerPockets Money on Facebook

Subscribe to the BiggerPockets Money YouTube Channel!

How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters

Mark’s Money Mind

EconoMe Conference

Get to FIRE Faster with “Set for Life”

Sign Up for the BiggerPockets Money Newsletter

Find an Investor-Friendly Agent in Your Area

How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters

(00:00) Intro

(00:53) FIRE at 50!

(04:37) Scared to Withdraw for Retirement?

(07:59) Super Conservative FI Strategy

(12:34) The FI "Paycheck"

(13:25) Spending in Early Retirement

(15:14) Time Freedom to Care For His Wife

(21:42) The "Fun" Bucket

(25:24) Market Corrections Are GOOD!

(29:41) Add Treasuries to Your FIRE Portfolio?

(32:09) FIRE Healthcare

(34:46) The FIRE Lifestyle

(37:52) Connect with Mark!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-624

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

659 episodes

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