Before pursuing financial independence or early retirement, it is crucial to understand your motivations and goals. Define why you are pursuing this path and what you aim to achieve post-retirement. Consider how you want to spend your time and ensure it aligns with your budget. Take time to try out your retirement lifestyle before fully committing to ensure it suits your needs and desires.
Imagine hitting your FI number, retiring early, and discovering you hate it? In this episode we discuss four examples of such an outcome: from quitting the perfect job and regretting it, to feelings of depression and lack of purpose. Some are unable to find motivation without financial incentives, while others realize they haven't budgeted enough to do things they enjoy in life.
This is part 2 of our How NOT to FI/RE series for part 1 and the PRE FI/RE examples, be sure to check out that video here: https://youtu.be/Jb438jvebd0
The full text of each of the Reddit posts we discussed is posted in the show notes at: https://twosidesoffi.com/how-not-to-fire-2