Can Coast FIRE Survive This Market Downturn?

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Parenting, Kids & Family, Business, Investing

4.9 • 605 Ratings

🗓️ 6 May 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Coast FIRE is when you've front-loaded enough investments to simply coast to retirement without any further contributions. But with this stock market downturn as of late, is the idea of Coast FIRE dead? We'll share how our portfolio is holding up and discuss what to do to keep our Coast FIRE dreams alive. Second, we’re back with our Net Worth Win segment. This month, we’re featuring Michelle Onaka from Intentional Money Life. Michelle has grown her net worth to $900k by 37 years old. We’ll learn how she did it and how this helps her family travel more. Last, my son Calvin will be reading the month's review and I’ll quiz him with some money questions. We're talking about recessions, investing, and going on our first cruise! EPISODE RESOURCES: Sponsors + Partners + Deals Michelle Onaka (website): https://Intentionalmoneylife.com CHAPTERS 00:00 - Intro01:30 - Coast FIRE Amid Market Turmoil02:46 - Revisiting 2021 Coast FIRE Numbers04:17 - Impact of Market Downturn on Retirement Outlook05:03 - 6 Ways We're Keeping Coast FIRE Alive11:46 - Interview: Michelle Onaka’s $900K Net Worth Journey13:19 - Motivation Behind Michelle’s Wealth Building15:55 - From Low Income to Six Figures18:16 - Smart Saving and Investing Habits20:18 - What’s in Michelle’s $1M+ Asset Portfolio22:37 - Liabilities and Mortgage Strategy23:58 - Teaching Kids About Generational Wealth25:51 - Why Their Kids’ Accounts Are in Their Names27:36 - The Future: More Travel, Less Work29:30 - How to Connect with Michelle Onaka33:31 - Calvin’s 3-Question Money Quiz37:17 - Social Shout-Out & Book Giveaway38:10 - Final Thoughts MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, this is Ava from Vanta.
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0:21.5	or a growing enterprise managing vendor risk, Banta makes it quick, easy, and scalable,
0:26.4	and I'm not to say that because I work here. Get started today at banta.com.
0:31.7	It's incumbent on us to make our own pension. That's what Coastfire is to us. As long-term investors, I believe we'll be just
0:39.8	fine over the next 20 years as we make our way to retirement. Continuing to buy and hold
0:46.3	is going to be our plan, and I believe it's going to pay off in the long run.
0:56.1	This show is dedicated to helping you, strengthen your family tree, and live financially
1:01.1	free.
1:01.6	Welcome to the Marriage Kids and Money podcast, everybody.
1:03.7	This is Andy Hill.
1:05.2	And today we're doing three things.
1:07.5	First, I'm going over whether or not our family has still achieved coastfire after this recent market downturn.
1:17.0	Second, we're back with our net worth win segment. This month, we're featuring Michelle O'Naca from Intentional Money Life.
1:24.1	Michelle has grown her net worth to over $800,000 by age 37. We're going to learn how she
1:29.5	did it and what her plans are for the future. And last but not least, we're back with another
1:34.3	money quiz. My son Calvin is going to be reading the review of the month and I'm going to be
1:38.7	quizzing him with some fun money questions. We'll test his knowledge so he can keep growing his
	...

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