Radical Personal Finance 1031-Friday Q&A: FIRE at 35, Failed Residency Match after Med School, Regret Whole Life Insurance, Preventive Health Screening, etc.
Jun 28, 2024
On this podcast, they discuss achieving financial independence by 35, dealing with not matching for medical residency, regretting whole life insurance, men working while women stay home, preventive health screenings, and family planning decisions.
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Prioritize Life Design over FIRE
- Calculate your FIRE date using the 4% rule with current trajectory.
- Build a life you don't want to retire from, focusing on freedom over independence.
Flexibility in FIRE Planning
- Arbitrary FIRE dates are useful mental exercises, but real-life planning needs flexibility.
- Prioritize aligning your career with desired lifestyle attributes over hitting a specific retirement age.
Staying Focused on Primary Goals
- Focus on the primary goal and avoid distractions if you're determined about your career path.
- Address every reason for past setbacks to demonstrate resilience and determination.