))
How much money do you need to quit? I debate with Nick Maggiulli (and rabbit holes: wealth > income, why COAST FIRE rocks, and more...)
Manage episode 495672530 series 3371574
In this episode, I'm pumped to welcome back Nick Maggiulli to the podcast (https://youtu.be/deMXbaI-Ir4). We dive into various topics about money and financial independence, with a focus on Nick's endorsement of the 'COAST Fire' strategy, something I accidentally embraced after quitting my job.
Nick shares his personal stories of financial challenges growing up and how these experiences shaped his approach to saving and spending. We debate the right time to take financial leaps and discuss how data-driven trends are making more Americans wealthier today. Nick introduces his wealth ladder concept and explains how it can help you live life on your terms.
His new book is here: https://www.amazon.com/Wealth-Ladder-Proven-Strategies-Financial/dp/0593854039
I loved his first book too: https://youtu.be/WWXPNK06r-k
Click here to watch a video of this episode.
- (00:00) - Introduction and Guest Reintroduction
- (02:11) - Diving into Personal Financial Stories
- (05:29) - Spending Rules and Financial Philosophies
- (11:54) - The Wealth Ladder Explained
- (19:48) - Navigating Career and Financial Growth
- (30:23) - The Impact of Wealth on Lifestyle
- (41:14) - Inflation Adjusted Wealth Levels
- (42:26) - Fears of Going Broke
- (43:04) - The 4% Rule and Retirement
- (46:14) - Coast Fire Explained
- (50:39) - The Emotions of Money
- (54:33) - Creative Paths and Financial Decisions
- (01:00:29) - The Future of Writing and Publishing
- (01:05:35) - The Impact of LLMs on Content Creation
- (01:08:49) - Reflections on Financial Advice
- (01:16:56) - Concluding Thoughts and Farewells
📘 GOOD WORK: LIVE! => Learn More
📕 Buy Paul’s Book (50k+ Sold): The Pathless Path
😁 Join Hundreds On Unconventional Paths: Pathless Path Community
📲Connect + Follow Paul
- Twitter: @p_millerd
- Instagram: @pathlesspaul
- Paul’s Newsletter: Subscribe to Pathless (23k+ People)
- Paul’s YouTube: Subscribe
🙏Further Ways To Support The Podcast:
- Accounting, Taxes, And Payroll For Your S-Corp (Ideal for $60k+ income): Collective
- Looking for alternatives to traditional health insurance in the US? Check out Crowdhealth
- I use Transistor to host this podcast. It rocks. Launch Yours Here
- I record high-quality videos using Riverside: Sign Up Here
195 episodes
Share
