Coast FIRE Mistakes That Could Ruin Your Plan (w/ Bo Hanson from The Money Guy Show)

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 12 May 2026

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Coast FIRE can be an incredible milestone, but what happens when the math, lifestyle, or motivation behind it starts to fall apart? In this episode, we talk with Bo Hanson, co-host of The Money Guy Show and partner/co-founder of Abound Wealth Management, about where Coast FIRE can go wrong and how families can avoid common mistakes. Bo shares why conservative assumptions matter, how lifestyle inflation can change your Coast FIRE numbers, and why it’s important to know what you’re actually moving toward before you take your foot off the gas. We also discuss marriage, kids, tax diversification, burnout, and how to build a financial plan that supports a fulfilling life today and tomorrow. RESOURCES The Money Guy Show – Free financial resources, calculators, and educational content from Bo Hanson and the Money Guy team. Marriage Kids and Money – Connect with Andy Hill and explore family finance resources. 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: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is sponsored by my new book, Own Your Time.
0:02.9	I wrote it for parents who are doing everything right on paper, but still feel stretched thin.
0:07.8	Own Your Time gives you a clear path to take back control of your money, your work, and your family time.
0:13.5	Find it on Amazon or Barnes & Noble.
0:15.8	Own Your Time by Andy Hill.
0:18.8	You have this big pot of money,
0:22.8	but if you don't know what you're going to do with your time and what brings you fulfillment
0:24.0	and what you value and who you are,
0:26.6	you're going to find that the dollars are empty,
0:29.7	the status is empty,
0:31.3	the ability to walk away is empty.
0:34.4	You really have to crystallize.
0:35.9	What is it that I'm ultimately moving towards?
0:44.0	This show is dedicated to helping you, strengthen your family tree and live financially free.
0:49.2	Welcome to the Marriage Kids of Money podcast, everybody. This is Andy Hill. And today we're
0:53.1	talking about where Coastfire can go wrong.
0:56.0	As a lot of you know, I've been singing the praises of Coastfire for the past five years or so.
1:01.6	I believe hitting this milestone allows you to focus less on wealth building and more on life satisfaction in the here and now.
1:09.8	But there are pros and cons to everything in life, and Coastfire is no different.
1:15.6	To help us get another perspective on this Coastfire concept, and what could go wrong with it?
1:19.6	I've invited Bo Hansen on the show today.
1:22.6	Bo is the co-host of the Money Guy Show and partner and co-founder of Abound Wealth Management,
	...

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