In this conversation, Jillian and Doug discuss the concept of mini retirements and how they can lead to a fulfilling lifestyle while pursuing financial independence. Doug shares his personal experiences with mini retirements throughout his career, emphasizing the importance of taking breaks, traveling, and spending quality time with family.

They explore the challenges and benefits of unconventional choices, the gradual transition to early retirement, and the value of practicing mini retirements to prepare for a fulfilling post-work life.

Doug’s Links:

Niche Site Project: http://nichesiteproject.com
YouTube: https://www.youtube.com/@DougCunnington
Doug.Show Podcast: https://doug.show
Mile High FI Podcast: https://milehighfi.com
Homebase: https://dougcunnington.com
Instagram: https://instagram.com/dougcunnington

Mitch shares his journey towards a mini-retirement, discussing the challenges of decoupling his identity from work, the role of therapy in his transition, and the planning involved in their adventure. He reflects on the joy of spending quality time with family while traveling and the unexpected return to work with a new perspective.

Mitch offers encouragement for others considering a similar path, emphasizing the importance of self-evaluation and planning for a fulfilling life beyond traditional work.

Takeaways

• Mitch and his wife were both working demanding jobs before considering a mini-retirement
• The financial independence community inspired Mitch to rethink his career path
• Decoupling identity from work is crucial for a successful transition
• Therapy played a significant role in helping Mitch understand his feelings about work
• Planning their mini-retirement adventure was essential to ensure they followed through
• Living in a camper for 11 weeks brought the family closer together
  Returning to work allowed Mitch to coach and guide others rather than manage

Links:
• myFIcapsule Episode #23: Our Big Trip Explained!
• EverdayFI Episode #33: Mitch & Meg’s Money Musings

Jillian discusses the concept of mini-retirements, exploring how much one needs to save to enjoy these experiences throughout life. She emphasizes the importance of planning, budgeting, and finding ways to increase income or reduce expenses to make mini-retirements feasible. Jillian provides practical calculations and strategies for saving, encouraging listeners to think creatively about financing their adventures and maximizing their experiences.

Takeaways

• How saving an additional 6.5% of your income can fund mini-retirements.
• Finding ways to increase income or reduce expenses is key to financial freedom.
• Postponing small luxuries can lead to greater experiences later.