How We Retired at Age 38 and 41, with Our Next Life | Afford Anything Podcast (Ep.
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- Опубліковано 30 вер 2024
- Tanja Hester and Mark Bunge used to have demanding but fulfilling careers as political and social cause consultants.
While they loved the mission behind their work, they grew tired of the exhausting hours and grueling travel. Their home felt like a weekend crash pad. They had no time or energy to pursue outside passions like skiing, biking and volunteering.
Six years ago, they read a book that changed the course of their lives.
The book, How to Retire Early, set the couple on the path of financial independence. They moved from pricey Los Angeles to the more affordable North Lake Tahoe. They started automatically saving and investing huge chunks of their paycheck. They crafted detailed spreadsheets, plotting precisely how much they'd need to save before they could comfortably quit their jobs.
Today, Tanja and Mark are newly-retired ... at the ages of 38 and 41.
How did they progress towards early retirement so quickly? And what lessons would they share with anyone else who wants to escape the 9-to-5 grind?
Find out in today's episode.
For more information, visit the show notes at affordanything....
#affordanything #financialindependence
two requirements to go this early:
no children
a monogamous partner who shares your life goals
I congratulate this couple!
And I bet no dogs, cats, pigs, turtles...😂😂😂
And a high paying income
Our Rich Journey did it with 2 children
Listen carefully to this video. It was a great message. Everyone can do it. The only thing that stops everyone is he or she doesn’t want to do it. After 20 years of working, I retired at the age of 45. I thought I was early. This couple is even better. They don’t need kids. It’s not only cost but lots of headaches and heartache when they grow up, especially in this type of society. Clear vision what you want and act on it!
Looking up the book now... I will say these two sound like they have much higher incomes than majority
yes, they had the second property
These guys are using similar principles to Mr.Moneymustache and Mad Fientist. I recommend them both and both of them are a little more accessible that how these nerds talked; they were great, but the principles are not that complicated. Please consider giving a look at www.mrmoneymustache.com/ (retired in 10 yrs at 30yrs old) Video interview clip here: ua-cam.com/video/vvJ4bwnAHnE/v-deo.html
The commercials during the interview are very annoying
Well, this is how the podcaster could earn a small amount of money for providing this valuable info to us ... completely reasonable to me.
This is definitely one of my top goals for my future husband and I. I want to have the ability to move abroad and travel freely.
Sounds like the 4% Rule. Good for them to be able to retire early. I think it's a lot harder when you have children and maybe a partner that isn't on the same page as you. Any can truly do this if you put your mind to it but you will sacrifice!
This is such a great story and example. A diffent level of consciousness and awareness drove them to financial independence.
How about health insurance? Nobody ever talked about how they deal with this cost after they retired early.
I've watched/listened/read many of these early retirement stories and very few have any meaningful discussion on health insurance which they should all talk about in detail. The best way I can see to make it work, is for one person of a couple to work part time just enough to get health coverage. There are still companies that provide health care for part time workers that work ~24hrs/week.
mizzmolly - Thanks. I heard the same for family. Do you know if it would be more or less for single persons? This info. Is good to have.
They have some blog posts about health insurance ournextlife.com/
Health insurance? That's the trap of the American way. As the only major Industrial country that doesn't care for it's most highly productive population segment. Work that hamster wheel till you drop, lest you have health insurance, we'll be sure to bankrupt you and your family on the way to your grave!
@mizzmolly HDHP? they seem healthy enough to get by.
I retired at 26. 😶
Dunno how I'm still alive. 😑
Huh? So they owned real estate in the most expensive place and sold it for millions and living off that. Not much of a plan
Not at all the case. Check out their blog at ournextlife.com/
They were smart and started much earlier than most young people. Most young people either reject or avoid planning for retirement or even working and party all through their twenties. Remarkable that we don’t show these kids they can live the life they want with a little planning and tracking.
Her voice sounds like Siri!
Sounds like they were already rich home in LA and Tahoe lol
Yeah, I finished watching this with more questions than answers. I also have a few homes, but NOT in LA and Lake Tahoe. That's some high-end early retirement stuff.
All of these retire early scenarios are always the same. No details. The main thing none of them ever mention is that they made huge money for a few years and invested probably 3/4 of it and now they're set.
We should encourage that not the spend spend spend mentality we have today.
Why advertising? Would've like it better without sale advertising
16 times your annual expenses saved, that's incredible and inspiring
What is Tanja’s podcast?
Thank you for this interview. I really enjoyed it Paula.
Paula, how does one go about playing catch up with 401K?
Brenda Story
At 50 years old.
That's it.
Hmmm....I must go find this Brenda Story. I'm 49 and have no retirement funds.
I love this interview. I did not notice how long the talk was. Thank u for sharing
3 million dollars? Yeah I could make that work.
Hi,would be great to hear your thoughts in 2030.
I remember my last job before I arrived at FI. It was basically a job that had to bridge the gap between a job I lost because the owners surprised us with their retirement and the date my wife and I had set for us to embark on our "second life." About the only good thing about the job was it was close to home. This "gap" job was not pleasant especially because the accounting/inventory system never seemed to work properly and the man in charge of it was my boss who didn't appreciate advice or criticism. After a year, I would enter the company's 401k plan, something I really didn't want to do in light of my secret plans to quit working. On the one year date, I was called into my boss's office. I was told he was not happy with my performance and that he wanted to let me go but he would appreciate it if I stayed around until he found my replacement. I would of course not be allowed to enter the company 401k plan. I think my normal inclination would have been to walk out. But I smiled inwardly and said, "I'm sorry I haven't met your expectations, but thank you just the same for the opportunity and I'll stay for as long as you need me." Well, month after month went by, and there was no sign I was being replaced. My co-workers were surprised at how positive my mood was and that I hadn't left my job to get another one. In the meantime, my wife and I sold our house and put the closing date out far enough to give us plenty of time to get rid of our things. Finally, the day came. I walked into my boss's office and told him I was giving two weeks notice. He was thunderstruck and begged me not to go, he thought we had been getting on so wonderfully, he made me feel pretty bad... Then I remembered. "Not letting me enter the company 401(k) plan really was a low blow..." I lied to him.
Stuart M. He lied to you about finding a replacement.
Can't afford a device to film with.
Go figure!
Good video but don't know why you use a voice changer
Pretty impressive!
I wanna follow there lead
Hope you talk to your wife better than that
I'm soooo surprise that they seem to purposely skipping over talking about kids and families which is the norm for most couples (I hope). At least just acknowledge it and say something like "The intented audience for this interview is for couples who does not have kids to provider for nor aging parents to care for..."
Great Video. Thank you for posting.
This is awesome!
Waste of my time since they don't discuss actual numbers so can't understand context. Too Easy questions by the interviewer.
Impressive-☆☆☆☆
Didn't watch the whole thing, but I'll bet, no kids! Duh, that's a great way to retire early. Thanks for helping "retire" your gene pool.
Preparing to work on Monday?
Humans are going to be extinct in a few generations anyways. :s
Good point, but I bet they would have only had to work a bit longer to compensate if they had maybe one child.
This comment makes me laugh. Everybody doesnt need to have a kid. If you want to continue ur 9-5 so that you can raise another human being, go for it. Im sure they are happy living the way THEY want
I just want to know how much money their parents gave them honestly. It starts out ten years ago when they got married and they made the right real estate choice and then it got really boring.
Any one with no children should have no trouble doing this but once you've got the ball and chain, well good luck Sunshine, it's unlikely to happen for most of us.
Lost arrow exactly! Too many of these financial freedom videos are about childless adults. I almost feel how can one not be financial free without kids
Having children, when to have them, how many to have, or who to have them with is a choice that should be very carefully considered as it's a life changing decision. Unfortunately most people give it little introspective thought, some give it very little and just think "kids are cute, let's have some". This couple decided not to have them for whatever reason, other people are free to make the same choice or not. People need to own their decisions and all the ramifications they come with (unless they were overtly cheated/defrauded/misled).
Gotta get into politics
Now if they have two kids and retire this early, that would truly be inspiring. They are missing out on a huge chunk of life experience. Travel and volunteer work will get old. They will have an amazingly beautiful home in their later years, full of tasteful art and prized furnishings from their travels... but no grandchildren to break them :-(
Or grandchildren who end up being mass shooters? Grandchildren who end up dying due to cancer? Grandchildren who killed in drunk driving. Etc... No one really knows....