Freedom Before FI | Life Design, Purpose, Sabbaticals, Coast FI & Financial Independence (FIRE)

Scott joins us again to talk about his journey to creating more time freedom through part time consulting, where he works only part of the year. This frees him up to work on things that are meaningful to him, like more time with his partner, passion projects, travel and of course writing. Scott is based in Melbourne Australia, he left full time work and a six figure salary in 2023 to work part of the year and he runs the Scott on Fire blog where he writes about his FI philosophy and how to live a good life. Things you’ll learn:About his part time consulting workThe Melbourne local FIRE communityHis FIRE Goal: to make work optional by 40His investment portfolio and his fun moneyThe 4 ETFs he’s investing inThe debt recycling strategy (in Australia)His investing journey from 2018His 50% savings rate for 7 yearsHow he was able to save 75% in one yearHis career journey from 2018: Studied accountingHis first job: data entry as payroll officerOn never getting promotions, just positive ‘side steps’How he got into consultingQuitting full time work in 2023The challenges of having freedomQuick-fire round questions at the end:Something he wished they done 10 years agoHis daily habits that helped him in lifeHis most important lesson in lifeHis book recommendations1-2 small things listeners can do this week to get startedScott on Fire Links:Website & Blog: https://scottonfire.com/ X: https://x.com/ScottOnFireFacebook: https://www.facebook.com/ScottOnFireDotCom Substack: https://scottonfire.substack.com/ Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Linktree (all links): https://linktr.ee/freedombeforefi Listen to FBF on Apple Podcasts:https://podcasts.apple.com/ph/podcast/freedom-before-fi-life-design-purpose-sabbaticals-coast/id1740083285Listen to FBF on Spotify:https://open.spotify.com/show/0XxPgEeuGayTqaEwUE19mk?si=cc8639ad8c28474eDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice

As I turn 40 this month, I reflect on some of the life lessons throughout the years that have helped me on my Financial Independence journey so far. Some of these lessons I wish I knew earlier and I hope they can help you on your journey as well. This episode is Part 1 and I discuss six of the twelve life lessons, Part 2 will showcase the remaining six lessons.Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Youtube: https://www.youtube.com/@FreedomBeforeFI Linktree (all links): https://linktr.ee/freedombeforefiDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Nicole and Tylor are the awesome writers behind the Not Your Ordinary Plan blog, they are travel and FIRE movement enthusiasts which is what their blog is all about. They have been on their FI journey for a number of years paying off student loan debt initially then building up their nest egg whilst hitting a number of FI milestones on the way. They recently decided to take advantage of the flexibility that FI gives them and have embarked on a long term mini-retirement (or what their calling their retirement ‘test-drive’) by slow travelling around the world - currently around Asia - and have been dong so for over a year so far.Things you’ll learn:Where they are in the world on their current retirement test driveHow they both metHow they work as a team on the FI pathHow they paid of 90k of student loans in 2 yearsTheir 8 year Financial Independence journey to dateHow their love for travel startedHitting Coast FI and taking 3 month sabbaticalAchieving Lean FIREThe car accident that changed their livesTheir FI number target and how far along they areSaving and investing strategyAnnual expenses and salaries during investment periodGetting there Masters DegreesTheir why of FITravel expensesWhy they decided to go on retirement test-driveWhat they have done so far on retirement test-drive and plan afterAbout their Not Your Ordinary Plan blogQuick-fire round questions at the end:Something they wished they done 10 years agoTheir daily habits that helped them in lifeTheir most important lesson in lifeTheir book recommendations1-2 small things listeners can do this week to get started Nicole & Tylor (Links):Blog: https://notyourordinaryplan.com/ Instagram: https://www.instagram.com/notyourordinaryplan_/ Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Linktree (all links): https://linktr.ee/freedombeforefi Listen to FBF on Apple Podcasts:https://podcasts.apple.com/ph/podcast/freedom-before-fi-life-design-purpose-sabbaticals-coast/id1740083285Listen to FBF on Spotify:https://open.spotify.com/show/0XxPgEeuGayTqaEwUE19mk?si=cc8639ad8c28474eDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Being semi-retired is a transition period between working full time and being retired. It typically involves working on a part-time basis to cover your expenses. The FIRE milestone Barista FI is considered to be under semi-retirement and it too consists of working part time to help cover a portion of your living costs. The part time job in semi-retirement is usually a slower paced role with less stress. So what jobs can you actually do part time in semi-retirement? In this episode, I discuss 18 part time jobs ideas, I’ll also share 4 part time jobs I’ve done in the past and also 2 key things to consider before scaling down to part time.Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Youtube: https://www.youtube.com/@FreedomBeforeFI Linktree (all links): https://linktr.ee/freedombeforefiDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice

Barista FI is a milestone you can use along your Financial Independence journey to free up more time earlier on to do the things that you enjoy in life. This is a strategy you can utilise before reaching full FI, and it gives you time freedom and can help reduce your stress. On todays episode I’ll be giving an example of how you can achieve Barista FI with an average salary.Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Youtube: https://www.youtube.com/@FreedomBeforeFI Linktree (all links): https://linktr.ee/freedombeforefiDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice

I share 3 money mistakes I made when I was in my 20’s, some of which I’m literally still paying for to this day. Hopefully you can learn from them on your journey to FI or share them with your younger friends or family members so they are aware of them too.Freedom Before FI Links:Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ worksheet at: https://freedombeforefi.com/free-guides/Website: Check out our resources and services at www.freedombeforefi.comEmail: If you want to connect, send me a note at [email protected]: or send a DM at Instagram Link Youtube: https://www.youtube.com/@FreedomBeforeFI Linktree (all links): https://linktr.ee/freedombeforefiDisclaimer: This podcast is for informational purposes only and should not be considered as financial advice