Ep. 010: Reach Financial Independence and Retire Early (F.I.R.E)

Have you heard of Financial Independence Retire Early (F.I.R.E.) movement? It’s the concept that you don’t have to wait until 65 to retire; by following the 4% rule you may be able to reach financial independence much earlier.

Listen to this episode with FIRE expert, Michael Quan to learn about the basics of FIRE and how to cultivate an abundance mindset. We also talk about different money philosophies including concepts like die with zero, how to raise kids, and the difference between being financially irresponsible or abundant. This episode is rich with inspiration and actionable advice for anyone looking to attain financial freedom and live a fulfilling life.

ABOUT MICHAEL QUAN:

Michael Quan is a personal finance educator, financial/business coach, and speaker based in San Diego, California. He's on a mission to help others achieve financial freedom, while ensuring they find joy in the journey.

Michael achieved F.I.R.E. (Financial Independence, Retirement Early) at the age of 36 through a combination of saving & investing, entrepreneurship, and real estate investing. He has been featured in media outlets such as Good Morning America, Business Insider, MarketWatch, Yahoo Finance, MSN, and The Huffington Post.

Michael has spent a decade working with teens through the Tony Robbins Foundation and is the co-founder of Y.E.S. (Youth Entrepreneur Summit).

When not helping others, he enjoys spending quality time with his wife and two children. He is an avid fisherman, tennis player, world traveler, foodie, and tech junkie.

TIME STAMPS:

01:06 Meet Michael Quan: Financial Independence Expert
08:47 Understanding Financial Independence Retire Early (FIRE)
10:32 Michael's Journey to FIRE and Personal Development
15:05 Practical Steps to Achieve FIRE
24:46 The Power of Mindset in Financial Success
30:08 Michael's Advice for Financial Independence
34:05 Upcoming Bootcamp Announcement
35:29 Join the Happily Hired Formula
35:51 Investing in the Long Run
36:21 Multiple Ways to Reach FIRE
37:29 Building Your Own Business
39:54 Understanding the 4% Rule
44:52 Different Types of FIRE
48:04 Balancing Financial Responsibility and Abundance
01:03:13 Leveraging Technology for Financial Growth
01:07:44 Final Thoughts and Resources

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