Coast FI or Slow FI - Best Way to Retire Early - Kristen Knapp | MHFI 247

Doug chats with Kristen Knapp about the principles of Coast FI and Slow FI.  Going beyond mere definitions they explore the benefits of these strategies, including reduced stress & greater life satisfaction, along with insights into working part-time, investing strategies, lifestyle design, unexpected life events, and the significance of intentional spending & saving.  They also answer a couple related questions from the Facebook group. Questions: Melanie – What’s the difference between SlowFI and just saving for retirement like a Regular Joe? David – I do have a question about Coast FI. When someone says they have saved enough to retire at a certain age in the future, does the sequence of returns risk from that moment hit them harder or softer? Retirees can reduce their spending to help themselves in the first few years of retirement if the market turns down. But if you’re drawing no money, I guess I don’t understand if that makes it safer or more risky. This episode is brought to you by GhostBed.  Doug has the GhostBed Luxe Mattress and loves it!  Take the 3 minute sleep quiz to see which mattress is right for you.  Save 50% site-wide on your new mattress, bed frame, pillow, and bedding over at GhostBed (coupon code: MILEHIGHFI) Save With Mint Mobile! (https://milehighfi.com/mint) New customers can get 3 months of unlimited premium wireless for $15/mo.  Doug’s phone bill went from $1440/yr to $360/yr for him and his wife.  It’s super easy to switch and you can use your existing phone.  If you use the MHFI link, it won’t cost you extra and it helps support the show. Buy 2 months, get 1 month free limited time offer available until January 2, 2025 at 11:59pm PST for new customers and at select channels only. “One month free” applied as $15 discount at checkout on 3-month 5GB plan only – upfront payment of $30 required, w/taxes & fees extra. One-time discount applied for first 3 months only. Not combinable/available with certain other promotions/offers. Looking for help with your estate plan?  Trust & Will provides online tools for creating, you guessed it… trusts and wills.  For those who don’t have any estate planning documents in place, this could be a good option to get started.  We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/trustandwill Need a fee only advisor?  Nectarine is a network of financial advisors where you just pay for investing & planning advice.  Advisors don’t manage your money, sell products, or earn commissions. We’re affiliates so we can earn a commission if you sign up.  Thanks for the support. https://milehighfi.com/nectarine Help Doug pay for his new e-bike by providing support at Buy Me A Coffee. Links (*Some affiliate links so we might earn a commission if you buy something) Connect with Kristen Email: [email protected] FI Friends Travel website Kennel Enrichment Program (Humane Society) MHFI Facebook group