451 | Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud
Aug 21, 2023
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Jillian Johnsrud, an expert in mini-retirements, joins the podcast to discuss strategies for achieving financial independence through mini-retirements. The episode covers topics such as building fun into your life, negotiating mini-retirements with employers, accelerating the path to FI, and the importance of clear intentions. Gillian also shares insights on fairness and reciprocity in employee-employer relationships, as well as information about her upcoming book and podcast focused on mini-retirements.
Mini-retirements allow individuals to pursue new hobbies and interests while working towards financial independence.
Planning and structuring mini-retirements is crucial to maintain momentum and find a supportive community.
Negotiating mini-retirements with employers requires fairness, highlighting mutual benefits, and addressing concerns effectively.
Deep dives
The Importance of Many Retirements
Many retirements are a topic of discussion in the fi community. It allows individuals to organize their lives around their values and spend their time as they see fit. Gillian Johns Rude, the guest on the podcast episode, is writing a book on the subject. The conversation covers the benefits and possibilities of many retirements, as well as Gillian's own experiences in her life.
Embracing Fun and Reflection in Many Retirements
One of the key aspects of many retirements is the focus on fun and reflection. Gillian shares her own experiences of traveling with her family and engaging in activities that bring joy and pleasure. She emphasizes the importance of relearning how to have fun and be present in the moment, as well as exploring new hobbies and interests.
Overcoming Challenges and Navigating Many Retirements
Gillian addresses the challenges that individuals may face during a many retirement, such as the fear of losing momentum in their career or the lack of support from friends and family. She highlights the importance of planning and structuring the time during a many retirement, setting clear intentions, and finding a supportive community that understands the journey.
Negotiating Many Retirements with Employers
The podcast explores strategies for negotiating many retirements with employers. Gillian advises approaching the conversation with fairness in mind and highlighting the benefits for both parties. Discussing potential solutions and compromises can lead to a mutually beneficial outcome. She also emphasizes the need for preparation and understanding the employer's perspective in order to address any concerns or objections.
Planning and Maximizing Many Retirements
Gillian suggests considering the intention and purpose of each many retirement and focusing on the seasons of life that may have an expiration date. She encourages individuals to start with more budget-friendly options and gradually upgrade as financial freedom increases. Gillian also discusses the importance of iterations and learning from each many retirement experience to create a fulfilling and meaningful life.
In this episode: mini-retirements, building fun into your life, structuring and planning mini-retirements, negotiating, and gaining momentum.
When pursuing your FI goal, it can feel like you are on a set trajectory, and picking up new habits or hobbies can seem overwhelming because you don’t have the time to focus on them. However, you should never feel held back from starting something new! This week we are joined by Jillian Johnsrud to define and discuss the mini-retirement strategy, and how taking a break to recover, relax, and re-strategize can propel you towards your FI goals! Sometimes the thought of taking a break can seem scary, or even the thought of relaxing can be more stressful than it's meant to be. But, taking the time and space away from your usual structure can allow you the space and bandwidth to pursue other avenues that you are passionate about! While the thought of a mini-retirement can leave you feeling unstructured from your usual 9-5, it can usher in more time for hobbies, side hustles, or even new jobs! So, while your journey to FI may be filled with rules and guidelines set in place to help you reach your FI goal, remember that there is no harm in taking an active rest in order to restructure your goals and re-motivate you!