011- Rejecting Homeownership, Traveling the World & Retiring by 31 Years Old
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 20 September 2017
⏱️ 51 minutes
🧾️ Download transcript
Summary
Meet Krysti Chen & Bryce Leung, two millennials that decided to invest and retire early rather than buy a home in their high cost of living area, Toronto, Canada. They retired from their jobs at the age of 31 years old by working hard, prioritizing their spending and making smart investments and now they are traveling the world and sharing their experience with us.
Krysti and Bryce decided to figure out a lifestyle that would work best for them and made their dreams of early retirement come true. In this interview, we discuss the following:
- The actual steps they took to retire at 31
- What gave them the motivation to start saving and cutting back on their "spendy" lifestyle and how they continued to keep their expenses in check while growing their income
- Why they don't believe home ownership is for everyone and dismantling the thought of homeownership as part of the "dream"
- How they deal with operating in a society where we are conditioned to believe that what we do for a living equals our worth
- How they manage to travel the world on a moderate budget plus much more!
Other related blog posts/links mentioned in this episode:
Visit Krysti & Bryce's site- Millennial-revolution.com
Blog Posts - Would We Be Richer If We'd Bought A House, How They Got Here Series Part 1,
YNAB - You can try it free for 34 days and after that its $5 a month or $50 a year. I recommend you at least sign up for the free trial. If you don’t want to continue after the trial, you will have at least practiced active budgeting for a month. If you sign up beyond the 34-day free trial using my referral link, you’ll get a month free and I’ll get a month free, seems like a win-win to me!
Connect with Krysti & Bryce:
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to episode 11 of the Journey to Launch Podcast, |
| 0:04.2 | rejecting home ownership and traveling the world. |
| 0:07.6 | How Christie and Bryce retired by 31 years old. |
| 0:11.2 | T-min minus 10 seconds. |
| 0:14.0 | Welcome to the Journey to Launch Podcast |
| 0:16.0 | with your host, |
| 0:17.0 | Jamila Sufrant, as a muddy expert who walks her talk. |
| 0:21.0 | She helps brave journeyers like you you get out of debt, save, invest, and build real well. |
| 0:28.0 | Join her on the journey to launch to financial freedom in... |
| 0:32.0 | Five, four, three, three, two... to financial freedom in five four three two one. |
| 0:41.0 | Hey hey guys I am so excited to be back with you guys, giving you another great |
| 0:46.9 | episode of the Journey to Launch Podcast. And I'm so excited to have our guest on, Christy Shen and Bryce Lung. They are living my dream. |
| 0:59.4 | They are retired. They retired by 31 and they're now traveling the world and they walk through the |
| 1:06.7 | steps that they did to become financially independent F I and I can't wait for you |
| 1:12.4 | to hear this conversation because as you all know my goal is to |
| 1:16.0 | retire in six years I know a lot of you listening want to retire early and |
| 1:19.9 | maybe you guys don't want to retire in five years or four years or ten years. |
| 1:26.0 | Maybe you just want to retire wealthy by the time you reach 59. |
| 1:31.0 | It doesn't matter. You will learn something, you will get some insight, you will be inspired by hearing |
| 1:36.8 | Christie and Bryce's story about how they did it. And we talk about so much here in this episode that I really I'm just excited because I know a lot of the episodes I've had so far has been a lot of the basics a lot of the mind shift the mind work that comes with being able to improve your finances. |
| 1:55.6 | So it's great that we get to talk to someone, talk to people who have actually done it, |
| 2:00.7 | who have retired, who have reached financial independence. |
... |
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