How to retire early with kids (and not go broke), with Michael Quan
#45: Early retirement must be executed differently, and very intentionally, with kids. There are no easy, silver-bullet solutions.
I think about this topic often. And, ever since my kiddo popped out a few years ago, I’ve made real changes to my financial planning in response – from building larger, stronger passive income streams to doing very detailed financial analysis of kid costs that, in turn, have influenced our planning decisions.
This week, I invited to the podcast Michael Quan, an early retiree (now blogger) with 2 kids who founded and ran an IT services company for a decade before selling it (and not for “FU money” btw) and retiring. I ask about Michael’s mindset, actions, and challenges he faced when early retiring with kids.
We discuss:
What resonated with you from Michael’s story? What seemed less relevant to your own situation? Let me know by leaving a comment when you’re done.
Also: I want to bring on more guests who have FIRE’d with kids.
Michael’s is one story, and hopefully you got good nuggets of insight from it, but it’s not the only story. If you know a good potential guest (early retiree family with unique story), tell me about them. I’d love to reach out.
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Links mentioned in this episode:
Intro/Outro: Old Bossa by Twin Musicom.
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