E63 – Jim from Route to Retire

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Jim from Route to Retire is an aspiring early retiree with plans to take his family to move to Panama once he is retired from his IT job.

Jim鈥檚 posts have been featured on sites such as Rockstar Finance and Modest Money- Top Finance Blogs. Welcome!

[4:0]聽Tell us something we don鈥檛 know about you
路聽聽聽聽聽聽 Can walk on hands

[4:37]聽So you chose Panama but where would have been your second choice?
路聽聽聽聽聽聽 Panama has a lot of characteristics we are looking for
路聽聽聽聽聽聽 Costa Rica or Tennessee

[5:25]聽So most early retirees we have spoken to don鈥檛 have kids- has having a family made your FIRE goals harder to achieve?
路聽聽聽聽聽聽 Misconception about kids and FIRE
路聽聽聽聽聽聽 Family needs to decide on priorities

[9:6]聽So you are going to retire, but what about Mrs. R2R?
路聽聽聽聽聽聽 She will be done working in the near future

[9:50]聽After you retire, what will be a goal that you want to accomplish?
路聽聽聽聽聽聽 Spend more time on blog
路聽聽聽聽聽聽 Write some more books
路聽聽聽聽聽聽 Try out new things I haven鈥檛 had time for

[11:12]聽What topic do you think needs to be addressed more often in the personal finance space?
路聽聽聽聽聽聽 Focus is always on money side
路聽聽聽聽聽聽 Post retirement side of things
路聽聽聽聽聽聽 People need to retire to something

[17:42]聽What advice would you give someone in their 20s-30s who also wants to be an early retiree?
路聽聽聽聽聽聽 First, get out of debt ASAP
路聽聽聽聽聽聽 Make changes accordingly- stop buying crap
路聽聽聽聽聽聽 Invest in low- cost mutual funds
路聽聽聽聽聽聽 Start a side hustle


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[19:13]聽Why do you think people fail at achieving their dreams?
路聽聽聽聽聽聽 When you run into a hurdle, people seem to quit

[21:20]聽What other books or podcasts do you recommend?
路聽聽聽聽聽聽 Podcasts: ChooseFI Podcast, Afford Anything
路聽聽聽聽聽聽 Books: Rich Dad, Poor Dad; Cash flow Quadrant, Millionaire Next Door

[24:20]聽Do you have a favorite quote?
路聽聽聽聽聽聽 You鈥檙e not going to master the rest of your life in one day, just relax, master the day and just keep on doing that.

[24:49]聽Any last advice?
路聽聽聽聽聽聽 Don鈥檛 trade today鈥檚 happiness for tomorrow鈥檚

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