#2: Ten Reasons Why Coast FI is The Best FI

In this episode I cover:

• My money background: from the early days as an electrician to my pivot to financial services.
• How I heard about FIRE and became a "Dave Ramsey Graduate."
• I didn't love my work and I wanted out.
• My life changed when my daughter was born and I had just heard about CoastFI from Jessica from The Fioneers.
• CoastFI is reaching a point where savings becomes optional.
• This can give you a lot of freedom and flexibility in your life.
• I realized that I had already reached CoastFI.
• I could downshift my work, and lean into a flexible and intentional lifestyle.

Ten Reasons Why Coast FI is The Best FI:

1. You can reach Coast FI much quicker than other forms of Financial Independence.

2. It's a more sustainable and balanced approach to FIRE.

3. You continue working, which can have many benefits.

4. Most people will continue working after reaching FIRE anyways.

5. Young people can reach their coasting number much easier.

6. Coasting lets your money do the majority of the heavy lifting.

7. It's incredibly flexible and scalable—you can coast for a bit, then pivot back.

8. There are fewer risks of depression and social isolation.

9. You will increase your Social Security Benefit.

10. You don't have to wait to work on your terms.

In the end, CoastFI is a simple reframe: you don't have to go all-out to reach FIRE. You can work towards FI in a slow and balanced way.