How To Retire Before 40 (Even If You Have a High Cost-of-Living) with Stephanie and Gillian of Our Freedom Years
After feeling stuck in high-stress corporate jobs, Canadian couple, Stephane and Gillian left Toronto for Singapore, where they lived for the next 7 years. After experiencing burnout again, however, they decided to retire early using the FIRE method - saving up enough money to quit their jobs (again) after just a few years.
Today, they are slow-traveling the world living on passive income as fully-retired digital nomads!
Like our guest last week, Eric Richards of Nomad on Fire podcast, Stephanie and Gillian retired before age 40 using the FIRE system.
In today's episode, they explain exactly how they did it and how you can do it too!
Enjoy this extra perspective on how a different couple with a different life situation was able to achieve the same outcome of financial freedom and location independence. They also share a lot of practical tips on long-term travel and living as expats in Southeast Asia, Europe, and more.
TOPICS DISCUSSED:
- How to quit your corporate job
- How to create multiple income streams remotely
- Advice for people who are just starting out in entrepreneurship, saving money, investing, or the digital nomad lifestyle
- How to learn new skills later in life
EXPAT LIFE:
- Cost-of-living in Singapore
- How to find jobs in Singapore with no previous experience or connections
- Explain what the honeymoon period was like for you as expats in Singapore and when did that stop?
- Best and worst parts of living in Singapore as expats
TRAVEL:
- Top 3 favorite digital nomad destinations
- How to travel with pets (two dogs)
- Cost-of-living in Poland
- Favorite digital nomad destinations
- Airbnb prices during the coronavirus pandemic
- What living in Athens, Greece is like during COVID-19
- Challenges of traveling together as a couple
RETIRING EARLY:
- How long does it take to save up enough money to retire early on FIRE?
- How to reduce your cost of living in a place like Singapore - one of the most expensive countries in the world?
- Where does their passive income come from?
- What is the #1 most effective way to save money for retirement?
LIGHTNING ROUND:
- Best money-saving travel hack
- Best travel app
- Digital bank account
- Favorite remote work tool
- Best tip for meeting people abroad
- Book recommendation for learning how to retire early
SHOW NOTES & RESOURCES
- FIRE Method
- Get $65 Off Your First Booking on Airbnb
- Which Countries Can Americans Travel To?:
- "You Need a Budget" Expenses App
- HSBC World Elite Mastercard
- "Our Next Life" Blog (FIRE Lifestyle Inspiration)
- Get started with the FIRE System
CONNECT WITH OUR FREEDOM YEARS
Related Episode: How To Retire Early on Fire with Eric Richards of Nomad on Fire
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