Coast FIRE with $1M by 35 in New York | Jesse Cramer

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 18 February 2026

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we talk with Jesse Cramer about his journey to reaching Coast FIRE, a milestone where existing investments can grow to fund retirement without additional contributions. We unpack how starting early and letting compound interest work over time can create long-term freedom. We also discuss the tension between saving and enjoying life today, especially while managing the realities of family expenses. Along the way, we highlight the importance of financial education and staying flexible as plans evolve. If you’ve ever wondered whether you’re starting too late, unsure how to balance today’s needs with tomorrow’s goals, or questioning what financial independence really looks like, then this episode is for you. 00:00 The Importance of Saving and Compound Interest 02:58 Achieving Coast Fire: Jesse's Journey 06:02 Understanding Investments and Financial Education 09:01 Income Growth and Financial Decisions 11:57 Balancing Spending and Budgeting 14:57 Managing Family Expenses and Lifestyle Inflation 18:03 The Flexibility of Financial Planning 20:54 Generational Wealth and Parenting Perspectives 24:04 Future Goals and Family Focus 27:11 Key Takeaways for Financial Success Resources and Links 📚 📖My new book, "Own Your Time" https://marriagekidsandmoney.com/book 🎙️ Jesse Cramer's podcast: Personal Finance for Long Term Investors 💻 Jesse Cramer's blog: ⁠Best Interest Blog⁠ 💻 Sponsors and Additional Resources https://marriagekidsandmoney.com/resources 📞Voicemail for Questions: Leave a voicemail at marriagekidsmoney.com/voicemail to have your question answered on the show! 👉Connect with me on social media: LinkedIn: Andy Hill, MKM Instagram and Facebook: MarriageKidsAndMoney Credits Editor: Johnny Sohl Podcast Artwork: Kayli Johnson 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.
0:03.0	I wrote it for parents who are doing everything right on paper, but still feel stretched
0:07.1	thin.
0:07.9	Own your time gives you a clear path to take back control of your money, your work, and
0:12.4	your family time.
0:13.7	Find it on Amazon or Barnes & Noble.
0:16.0	Own Your Time by Andy Hill.
0:19.4	The difference between spending 70% of your income and 80% and 90% and 100% of your income,
0:25.8	it's going to make a really big difference on the savings and how much you spend there.
0:29.8	And then you look back 10, 20, 30 years later and boy, does that compound in a big way.
0:33.9	So I would say focus on those things you can control and do it for a long time.
0:49.4	Investing for retirement takes time, patience, and consistency. Eventually, you'll reach a point where you don't need to contribute any more money to hit your retirement goals. And that's
0:53.5	what we call Coast Fire.
0:54.9	On our Coast Fire segment today, we're going to interview Jesse Kramer from New York
0:58.8	and the popular personal finance for long-term investors podcast.
1:03.9	Jesse and his wife Kelly recently hit this Coast Fire milestone in their 30s.
1:08.3	Today we're going to learn how they accomplish this family financial goal and how this affects their journey going forward. Welcome to the show, Jesse. Andy, thank you for being here. It's an honor. And I was just telling you off air, you know, YouTube's a little new for me. So hopefully the microphone is good. But if my video effects aren't perfect, it's a work in progress. We'll add some cool transitions in there. Like every time you say
1:28.0	something cool to go, something like that. We'll make it look great. Well, I appreciate you doing
1:33.9	this and sharing your transparent story. I like to start this off with the Coast Fire 5. These are
1:39.6	quick, short answers to help people understand your Coast Fire situation. So let's start off with number one.
1:45.3	How much have you invested for retirement? Well, I can tell you that our kind of retirement balances
1:50.2	are just north of a million dollars. Wow, that's awesome. You know, it's funny though when you think
	...

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