Afford Anything Ask Paula: We Make $300k. Why Are We NOT Financially Independent?
9 snips
Jun 28, 2023 AI Snips
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Transcript
Episode notes
Psychology vs. Logistics
- The emotional aspect of money outweighs the logistical side in achieving financial success.
- Behavioral economics demonstrates how our psychology significantly influences financial decisions.
Transition to FI
- Ease into financial independence by gradually reducing work hours instead of abruptly quitting.
- Part-time income can provide financial and psychological security during the transition.
Structured Retirement
- Create a structured daily routine in retirement, incorporating hobbies and social activities.
- Structure provides purpose and prevents the negative effects of an unstructured day.