Is FIRE Right For You? Special Guest Lacey Filipich
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What is the FIRE movement and how does it relate to financial independence?
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Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance.
Hi, Lacey. Thank you so much for joining us on the Australian Finance Podcast today.
Thanks so much for having me, Kate. Looking forward to it.
Now, you just stuck with me today. There's no Owen here because he's had a bit of a run with the microphone recently. So hopefully I can do us both justice.
I'm sure you will. I'm looking forward to it.
Wonderful. Well, I wanted to get you on the podcast because you've talked a lot recently about the concept of financial independence through your book, Money School, and your business as well, and a really awesome conference you've got coming up in the next week or so. So I really, I was so excited to get you on so we could actually talk a bit about your own financial independence journey, and a little bit about how could someone work out if the goal of financial independence and potentially retiring early is for them?
Yeah, well, they're great topics. And obviously, I love talking about them. So yeah, very excited to be chatting through those.
Awesome. So I thought we could kick it off with a little bit of a background on your own personal journey to financial independence, how you discovered the concept of financial independence and some of the things that motivated you to pursue that goal.
Well, I think a lot of people probably listening to this podcast have heard the term FIRE before. the financial independence retiring early. And I actually didn't hear that term until I got to it, which was pretty funny. So I think the concept of financial independence needs to be separated out somewhat from the retiring early to talk about. Because I think financial independence really reiterates for a lot of people what they've probably heard from mum and dad and from their grandparents over those years. And it's that idea of putting your money to work for you so that you build up enough assets that they can pay you and then work becomes optional. And of course, in the olden days, it used to be that you worked for a company and they paid you a pension.
That's what you got for your lifetime of servitude.
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Chapters
8 chapters
1
What is the FIRE movement and how does it relate to financial independence?
0:00–4:40
2
How did Lacey Filipich achieve financial independence?
4:40–8:24
3
What are the challenges of pursuing financial independence with a family?
8:24–12:20
4
How can you determine if financial independence is right for you?
12:20–17:04
5
What are the common misconceptions about financial independence?
17:04–22:35
6
How does having children impact financial independence goals?
22:35–26:09
7
What role does critical thinking play in financial decisions?
26:09–29:34
8
Where can listeners find more resources on financial independence?
29:34–48:41
Speakers
3 identifiedMore from Australian Finance Podcast
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