Discussing our FI Numbers : Changing our minds, talking to family

Things have changed: attitudes, spending habits, withdrawal rates, what we’ve chosen to reveal to family and friends. In this episode, we discuss how our early FI goals and calculations underestimated today’s needs and move beyond the math of financial independence to discuss the psychological aspects, including important conversations with family and friends. These discussions can be challenging and touch on deep-seated ideas about money, entitlement, and often guilt. It's common to overlook the importance of these conversations and this side of FIRE when you're focused on the financial side. Join us as we explore these areas and more in this second episode focused on the math of financial independence.

Timestamps:
00:00 Talking to your family about FIRE can be really difficult
01:30 How do you get comfortable with a lower "paycheck" post-FIRE?
04:02 Do you need to think about cost after financial independence?
08:28 Our FIRE targets changed a lot over time!
13:36 Going back to work post FI
17:22 How to pick your withdrawal rate
22:21 Discussing FIRE with family and friends
27:28 Feeling guilty about success

**Tools, resources + information: http://twosidesoffi.com
**Our podcast: https://twosidesoffi.com/podcast/

**Jason’s FI Blog: https://thenextphaseisnow.com/
**Eric’s business: 30X40 Design Workshop: http://thirtybyforty.com
**Eric’s YouTube Channel: http://thirtybyforty.com/youtube

#twosidesoffi #financialindependence #firemovement