Coast FI is an interesting concept. Unfortunately, to Mindy’s surprise, “coast FI” doesn’t mean having enough money to live by the coast. But, just like living down by the beach, the coast FI lifestyle is far more enjoyable than most. We constantly hear from online personal finance bloggers about how you need to save as much as you can, eat at home every night, and never take a vacation. While this does allow you to hit financial independence faster, it makes the journey a highly stressful one at worst and a barely bearable one at best.

What about a different way to reach financial independence? What about still eating out and taking trips, all while working to retire early? This is the path that Jessica from “The Fioneers” has chosen to take. She and her husband learned about the financial independence movement while they were making just $30,000 per year combined. As their income grew, so did their savings rate. But, Jessica realized that the stress of climbing the corporate ladder wasn’t worth it when she ended up taking a six-month mental health break from her work.

Jessica never ended up going back to work, but she did start working for herself. Now, she’s on the path to coast FI, or as she also likes to call it, “slow FI.” She still takes trips and lives comfortably, but she does so with full autonomy of her time and a plan to retire in her early 50s. She is living proof that you don’t need to burn yourself out to hit financial freedom, and you definitely don’t need to do so just to reach retirement.

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Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
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Check Out Our Episode with Doc G on Enjoying the Financial Freedom Journey:
https://www.biggerpockets.com/blog/money-319?utm_source=youtube&utm_medium=description&utm_campaign=none
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Is Your FI Number Overly-Conservative?
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-184-kristine?utm_source=youtube&utm_medium=description&utm_campaign=none
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How Much of Your Income Do You Need to Save to Reach Financial Independence:
https://www.biggerpockets.com/blog/financial-independence-savings-rate?utm_source=youtube&utm_medium=description&utm_campaign=none
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My Death March to Financial Independence:
https://www.1500days.com/death-march-financial-independence/
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Connect with Jessica and The Fioneers:
Website: https://thefioneers.com/
Instagram: https://www.instagram.com/thefioneers/
Facebook Group: https://www.facebook.com/groups/531780934295233/
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with David and Mindy on BiggerPockets:
David: https://www.biggerpockets.com/users/usmc3140?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 323

Show notes at: https://www.biggerpockets.com/blog/money-323?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:29 Cruising onto Coast FI
09:31 Discovering Financial Independence
27:16 Making the Financial Journey Enjoyable
35:08 Part-Time Work, Full-Time FI
48:26 Enjoying Work at Coast-FI Levels
53:33 Famous Four
58:13 Ready to Hit Slow FI?

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