Why a Mini Retirement Can Change Your Life
transcript
show notes
You do not have to wait until 65 to actually use your money. There is a version of retirement you can take at 35, at 40, at 45, and Andrew breaks down exactly what it costs, who should not do it, and the step-by-step plan to fund one without derailing your future.
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What You'll Learn in This Episode
- The difference between a sabbatical and a mini retirement, and why one gives you more leverage
- Four red flags that mean you are not ready to take one yet
- What pausing your contributions actually costs you over 20 and 30 years
- How to calculate your number, including the reentry cushion most people forget
- How to solve healthcare before you leave, and the limits of COBRA
- The exact way to pitch this to your boss without torching your career
- Four real case studies, from a Coast FIRE engineer to a burned-out ER nurse
Start Here
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Resource/s
- Car Insurance https://secure.money.com/pr/gc43ce394da5
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- Stock Brokerage Accounts https://secure.money.com/pr/v8d06f8de92c
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Tool/s Mentioned
- Compound Interest Calculator https://expert-hustler-605.kit.com/aefaaad27e
- Investment Calculator https://mastermoneyresources.com/investment-calculator-page
Book/s Mentioned
- Die With Zero by Bill Perkins
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss
Watch Next
- Roth vs. Traditional, Dividend ETFs, and Catching Up in Your 40s (Money Q&A) https://youtu.be/jtITtSd6vjI
- 5 Side Hustles That Can Turn Into a Full Time Income (Part 4) https://youtu.be/DPQwY_U3lKY
- Why Your Healthcare Costs Keep Rising with Dr. Jordan Grumet https://youtu.be/daPVY9WCCAw
- The System to Pay Cash For Cars (and NEVER Have a Payment Again!) https://youtu.be/kgmjjQEN3Xs
- Reset Your Money Mindset, Get Out of Debt, Save for a House & Understand Credit Scores (Money Q&A) https://youtu.be/JGoKB92rddo
Connect with Andrew
- Website → https://mastermoney.co
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- LinkedIn → https://www.linkedin.com/in/andrew-giancola-45027b340
- YouTube → https://www.youtube.com/@mastermoneyco/
Question for you:
What year are you targeting for your mini retirement? Put the number in the comments and make it real.
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