Two Sides of FI

Karsten "Big ERN" Jeske, a successful trader earning $80,000 annually, shares his insights on a straightforward SPX options trading strategy. He breaks down maximizing returns with S&P 500 options, likening it to casino dynamics for market liquidity. The discussion also delves into the challenges of one-day option trades, emphasizing timing and risk management. Karsten explains the evolving role of stop orders in trading and reflects on how strategic trading can energize paths to financial independence and early retirement.

Explore the transformative journey to early retirement through the lens of the 80/20 rule. Discover pivotal life decisions that shaped strategic, risk-taking pathways towards financial independence. The hosts share insights on navigating traditional employment and embracing self-directed careers. They reflect on critical conversations that sparked career shifts and highlight the balance between growth and financial planning. Misconceptions about high salaries and success are debunked, revealing the true paths to autonomy and informed financial choices.

A year later, Jason and Eric check in with their friend Erik, who retired early at 49 while his wife continues to work. In this follow-up episode, we find out how things are going and what important lessons he learned during his first year of early retirement. Show notes and our earlier chat with Erik - https://twosidesoffi.com/erik

In this conversation, Jason, a retiree who stepped away from work at 47, shares invaluable insights gained over four years of early retirement. He discusses the evolution of his financial mindset, moving from strict budgeting to a more balanced approach to spending. Jason touches on the complexities of healthcare planning, the emotional journey of self-discovery, and the shifts in personal relationships post-retirement. He also emphasizes the importance of building genuine connections and reflects on the challenges of maintaining community outside of work.

In this conversation, Eric, a savvy early retiree and finance enthusiast, shares how he utilizes a free online tool to strategically manage retirement finances. They delve into variable withdrawal strategies, effectively balancing cash flow through investments, and the significance of tracking financial health. The duo discusses navigating market conditions for safe withdrawal rates and the psychological aspects of spending in retirement. With practical insights and a touch of humor, Eric's tips could be a game-changer for anyone looking to enjoy their golden years worry-free.

In this engaging discussion, Jason, who balances a part-time job with his pursuit of passion, and Lorri, also embracing post-financial independence work, share their insights. They explore the joys of 'barista fire'—working for enjoyment rather than necessity. The conversation also delves into the value of time, the pleasure of turning hobbies into income, and how charitable pursuits enrich their lives. Listeners will find inspiration in their reflections on personal fulfillment and the social connections formed through passion projects.

Contempt, concern, surprise, envy, admiration, and support; just a few of the reactions Laura received when she announced she was retiring early, closing her biomedical research laboratory, and beginning a new phase of life beyond work. Some reactions were expected and some surprised her. In this episode, Eric and Laura unpack these interactions and chart their next steps as they prepare to leave work and step into early retirement. Show notes: https://twosidesoffi.com/unexpected

Two friends discuss recent life changes, early retirement plans, and a transformative hiking trip along the Camino Portuguese. They explore the joys of traveling post-FI, the benefits of solitude, navigating travel plans, home concerns, and the complexities of balancing business and personal challenges. The episode also delves into preparing for the college journey, culinary explorations, and connecting with the FI community.

Eric and Laura discuss their preparations as they near their FI number and Laura prepares to notify her employer that she's leaving. Recorded in the fall of 2023, this behind-the-scenes discussion was prepared for release on the week that Laura submits her resignation letter (which she did on Thursday!) They discuss their hesitations, changes of heart, and ready themselves for what's ahead. Show notes + resources: https://twosidesoffi.com/one-step-closer-to-fi

Have you considered living a life outside of your home country in retirement? Jeff went from broke at 38 to financially independent at 45 with six rental properties supporting them. He and his wife relocated to St Thomas, USVI for a few years, bought a rental property in Puerto Rico and now they’re preparing to relocate to Spain. So, if you’ve considered what a life outside the mainland US might look like, I think you’ll find his story interesting. Show notes: https://twosidesoffi.com/retirementality