Slow Living Encore Series: Know Your Number -- FIRE Movement

Jan 9, 2023

Dive into the intriguing world of financial independence with a focus on determining your FIRE number. Discover how saving can be more crucial than just earning, as you map out your financial goals. Learn about achieving financial peace through literacy and stability, especially for those on single incomes. The conversation also touches on smart strategies for navigating business opportunities without upfront costs, all while embracing a community-centric approach to slow living.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Personal Journey to FIRE Goal

Stephanie O'Dea learned about the FIRE movement 20 years ago and has used spreadsheets to track her financial goals.
Having an agreed-upon number brought clarity and purpose to their financial journey.

ADVICE

Determine Your FIRE Number

Calculate your FIRE number by multiplying your yearly expenses by 25 to know what to save for financial independence.
Start working toward your number now regardless of your age or financial situation.

ANECDOTE

Silicon Valley Wealth Observations

In Silicon Valley, people often focus on making as much money as possible, not just saving.
Stephanie observed that many affluent people live modestly, counter to flashy stereotypes.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Slow Living Podcast with Host Stephanie O'Dea

Episode 66 - Know Your Number -- FIRE Movement

see all podcast notes at stephanieodea.com/podcastnotes

Today we need to do some Mathing.

even if Math isn’t your strong suit.

It most certainly isn’t mine — I was an English major and married Adam so I could put math away for good.

Or so I thought.

Today’s encore episode is about figuring out your FIRE number — your financial independence and retirement age number.

You’ve got to know what you’re working towards — otherwise you’ll just be on a perpetual hamster wheel.

I get asked, sometimes, what is the best gift to give to children —

and this is the answer:

Knowing that you are going to be all set in your retirement and they don’t have to worry about you.

REALLY.

not a trip to Disney.

or Europe.

or a paid for college “experience” —

but instead, give them the ability to learn how to Adult and take care of themselves and their future so they don’t need to worry about taking care of you.

I hope you enjoy this episode — and AS ALWAYS — if you have any questions or comments, shoot me an email or tag me @stephanieodea

on Instagram or Facebook or record a voicemail question.

Overview

I love helping listeners embark upon their own journey to Slow Down, and live the life they’ve always dreamt about: one filled with peace, purpose, and abundance.

I understand how you’re feeling when you are rushing around trying to do “all the things,” always playing catch up and finding time to get things done.

I know because I’m a mom too.

It’s okay to stop and breathe. My philosophy isn’t about cramming more and more into an already over-packed schedule, instead I offer realistic tips and plans to get things done quickly and efficiently so you can do things you want to do.

Show Links

Simple Shortcuts to Peace - https://stephanieodea.com/peace

New You - https://stephanieodea.com/newyou

Masterclass - https://stephanieodea.com/masterclass/

Simple Shortcuts to Peace - https://stephanieodea.com/peace/

Website - https://stephanieodea.com

Blog - https://stephanieodea.com/blog/

Podcast Page - https://stephanieodea.com/podcast

Speaking Opportunities - https://stephanieodea.com/speaking/

Coaching Opportunities - https://stephanieodea.com/coaching/

Courses - https://stephanieodea.com/courses/

Contact - stephanieodea.com/contact/

Stephanie's Story

I know what it feels like to want to live a calm, peaceful, and harmonious life but you feel like you can’t because there is simply too much to do. I believe that if we are lucky, life is long. You are not behind, and you don’t need to rush around, trying to catch up. My philosophy isn’t about cramming more and more into an already over-packed schedule.

Instead, I want to you to stop. Breathe. It’s all going to be okay.

I want you to live out the life you’ve always dreamt about — the one that gets you excited to get up in the morning and puts a goofy grin on your face.

Because the laundry, chores, soccer practice, meal planning, and litter box scooping? That’s not WHO you are; that’s not your identity. Those are the things you HAVE TO do.

So let’s make a realistic plan to get them over & done with, quickly & efficiently so you can finally be the person you’ve always wanted to be, and do the things you actually WANT TO do.

I am here to support you.

Ship It Studios

Website: https://www.shipitstudios.com

Podcast Page - https://www.shipitstudios.com/slowliving

Podcast Network - https://www.shipitstudios.com/podcast-network

Description: We are Cinephiles. We are Gamers. We are Marks. We are Ultras. We are the 12th Man. We are Ship It Studios.

It's become our mission to seek out the most fun and creative ways to revisit your favorite fandoms. Join us as we revisit all of our favorite things through live coverage, reviews, debates, power rankings, and fantasy drafts.