Semi-retirement means that you have already saved enough for a traditional retirement, but you still need to cover some or all of your daily expenses through active income. Since you are no longer in the “accumulation phase,” you can usually pursue things you are interested in often on a part-time, contract, or freelance basis. Michelle is a semi-retired woman in her mid-30s from South Australia. She’s focused her career in the arts and is an avid traveler. I am incredibly inspired by Michelle’s story, and I hope you will be too.
When Corey asked me to read Your Money or Your Life in a book swap, I begrudgingly agreed (and only because he was reading a book I recommended about women in the workplace). Because I wasn’t excited to read the book, I was skeptical at first. However, once I had read a few chapters, I was hooked.
The main narrative in the financial independence space says work as hard as you can now to achieve financial independence or early retirement as soon as possible. This narrative implies that upon reaching that goal, we will then be free to live our ideal lives. Some people are trying to push against the narrative.
Tanya Hester recently published her book “Work Optional.” After appreciating all of Tanya’s work at OurNextLife.com, I knew that I needed to read her book. I was not disappointed. The book provided a lot of helpful insights, made me think more deeply about my ideal life and the various options for how to get there. While there were a number of unique insights, I’m confident that this book would also be accessible to someone not familiar with personal finance or financial independence.
Since discovering financial independence, I have begun to redefine my life’s priorities, including expectations around the size of our home. Adjusting your perspective is never easy, and my expectation around our home size is no exception. A big part of this transformation has been applying the financial independence concept of “enough” to these deep-rooted expectations around our home. As part of this change, I have gone from always wanting more to now understanding our home as a mansion. We have more than enough.
I used to spend money without even thinking about it. When I was introduced to Financial Independence, I started to think about money in a different way. The concept that completely shifted my paradigm was that instead of using your money to buy stuff, you can use your money to buy back your time. This mindset shift changed everything for me.