Elizabeth Ayoola
👤 SpeakerAppearances Over Time
Podcast Appearances
Big congratulations.
Where were you living?
Oh, nice.
Okay.
So it sounds like you have a significant amount of money saved.
And I know you said you kind of just stumbled on coast fire.
But did you have in mind when you would like to stop saving for retirement and age?
Just to clarify, with CoastFi, it's different from the other types of FIRE because the main goal is usually not to retire early.
It's just to be able to stop saving for retirement and decide what else you want to do with that money, whether it's going on a beach vacation every year or buying investment properties or whatever it may be.
So I think the main part of your question was around the anxiousness when it comes to stop saving for retirement.
So can you talk to us a bit about that?
But if you've done the calculations and as you said, you may have at this point saved enough, then I guess it's written in bold statements that you kind of have enough money according to your calculations.
So have you explored maybe aside from running out of money, where else that anxiousness could come from?
Yeah, so sometimes we have what we call money stories or we have money fears.
So for some people, for example, they may have fears around running out of money, maybe because there was a time in their life where they didn't have enough money.
Or maybe they saw their parents go through situations where they experienced some kind of scarcity.
So there can be lots of deeper issues sometimes that are kind of creating those anxiousness and fears.
And something I find that can help sometimes when we have this anxiousness and this fear, let's say you do talk to a financial planner and again, everything looks good.
It looks like you're on track.
Is maybe focusing less on the fear and more on what you're hoping for the future, right?