E172- Andrew Fichter from Shift Upwards

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Andrew is constantly thinking, talking, or writing about his never-ending pursuit of a better life & career through personal experiments, lessons learned, and smart money habits. In 2017, he took a detour off the path towards financial independence and embarked on a one-year mini-retirement. Now he is using the insights gained from a year off to reframe his goals and ambitions for decades to come.

 

Welcome Back!

 

[2:48] So Andrew took a mini retirement, when he was last on the show he was in the middle of it, now we have a chance to catch up with him and see how it went. First off, how did you plan for your mini retirement? Was there a dollar figure you needed to save up?

  • Spoke last right at the beginning of his mini retirement, it wasn’t planned but it evolved over time, the plan was to travel the world, their number figure was $40,000 each.
  • There was a lot of stuff that happened in their personal lives that changed their plans- Andrew’s wife got diagnosed with Thyroid cancer.
  • Andrew was also completely burned out at work and got a lot of time to think about things

[8:20] Looking back, did your mini retirement go according to plan? With your spending goals?

  • Andrew was obsessive about his money and definitely had a number in mind and wanted to make sure he kept strong tabs on spending money.
  • Ended up spending the less of any year since they started tracking their expenses
  • Ended up trying to beat his goals and only spent about $30,000 in the whole year

[8:30] Are there some things you weren’t expecting from your mini retirement? Like finding stuff to keep you busy etc?

  • Andrew did a lot better job of his time keeping himself busy
  • Coming up with a long list of things to do was important and gave him clarity
  • Taking things one small piece at a time is really important, read Bird by Bird.

[18:37] You took a break off your FI route, would you say your mini retirement set you back? And if you could go back, would you do it again?

  • Yes Andrew would do it again, even with some of the more difficult parts of it.
  • It didn’t make that much of a dent in their FI journey

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[20:32] What is your savings or retirement plan?

  • Stayed the same after mini retirement, lifestyle expenses have been in check
  • Baseline spending and save the rest

[23:17] Do you have a favorite book?

  • Millennial Money
  • Retire Early Not the Penny Pinching Way

[25:18] Favorite quote you like to live by?

  • “Bird by bird” – focusing on one thing at a time

[26:3] Any other parting piece of guidance?

  • Focus on more than just the money, having a magic money is great but there’s more to life than that

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Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

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