BiggerPockets Money Podcast

Teacher Retires Early at 45 Thanks to Strategic Living (FIRE in Paradise!)

27 snips
Feb 25, 2025
Guest
Amy Minkley
Amy Minkley, a former international teacher, achieved financial independence and retired at 45, leveraging her unique experiences abroad. She discusses the perks of teaching internationally, like free housing and subsidized travel, which allowed for aggressive saving. Amy shares her journey of overcoming burnout and financial trauma to embrace a life of freedom in Bali. Listeners learn about investing strategies while living overseas, the importance of community support, and how strategic living can lead to fulfilling personal and financial goals.
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ANECDOTE

Childhood Financial Insecurity

  • Amy Minkley's father left the family when she was 12, causing financial insecurity.
  • This led to her taking on more financial responsibility and developing a scarcity mindset.
ADVICE

Teaching Abroad

  • Consider teaching abroad, especially in Asia, for higher salaries and benefits.
  • International schools often offer free housing, flights home, and retirement contributions.
ANECDOTE

Investing While Abroad

  • Amy invested in index funds while living abroad, primarily through Vanguard.
  • She couldn't utilize 401ks or Roth IRAs due to tax implications of foreign earned income.
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