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Optimal Finance Daily - Financial Independence and Money Advice

1078: 6 Steps to a Debt-Free Retirement by Craig Stephens of Retire Before Dad on Financial Independence & Retiring

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.51.3K Ratings

🗓️ 21 February 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Craig Stephens of Retire Before Dad shares 6 steps to a debt-free retirement. Episode 1078: 6 Steps to a Debt-Free Retirement by Craig Stephens of Retire Before Dad on Financial Independence & Retiring Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age 55, one year before his Dad retired. He writes about how to build income streams so you can explore the unusual. His first love is his beautiful wife and three kids. His second love is travel. Combining both in early retirement is the ultimate goal and his primary motivation for financial independence. The original post is located here: https://www.retirebeforedad.com/steps-debt-free-retirement/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Have you ever had an instant connection with someone? You see them and you just know.

0:04.6

Butterflies in your stomach, wedding bells ringing, the whole enchilada.

0:08.8

It's more than just compatibility. It's a special connection.

0:13.2

They're the one.

0:14.4

The yin to your yang, the ketchup to your chips, the gravy to your Sunday roast.

0:18.9

The Samsung Galaxy Buds FE to your Samsung phone. New Galaxy Bud's FE, the perfect match for your

0:26.4

phone. Discover in store and online at Curries.

0:30.4

This is optimal Finance, episode 1078, six steps to a debt-free retirement by Craig

0:37.2

Stevens of Retire Before Dad.com.

0:40.7

And I'm Dan, I am your host here on Optimal Finance Daily, and I'm here every single day reading to you from some of the best personal finance blogs on the planet.

0:48.0

Hope you're having a happy Friday, hope you have some fun weekend plans as well well and thanks so much for listening in.

0:54.6

And hey if you didn't know we give away books on Instagram pretty frequently so if you're not

0:59.1

following us there yet you can find us at Old Podcast.

1:02.8

But for now, let's get to today's post as we optimize your life.

1:07.0

Six Steps to a Debt Free Retirement by Craig Stevens of Retire Before Dad.com

1:17.0

Imagine a life free of obligations to anyone. Sounds great, right? That may never come true when it comes to family, friends, and work life,

1:27.0

but you can choose to be free of obligations to banks and lenders by being debt-free.

1:32.0

The temptation to borrow is ever present in our society.

1:35.0

Some retirees choose to be completely debt-free as they enter their golden years.

1:40.0

There's a unique comfort in paying off all your debts before you retire.

1:43.7

Debt can cause anxiety that detracts from happiness.

1:47.1

In retirement, you want to optimize happiness and your limited income,

...

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