Episode 289- Retiring at 30yrs Old & Living A Full Life On $20k A Year W/ Purple
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 28 September 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
If you didn't have to work again for money, what would you really do with your time? We often hear about retiring early in the context of someone quitting their corporate job to work on their own business. But what if you truly didn't have to work and could really live your life on your own terms?
On this episode of the Journey To Launch Podcast, we have a returning guest, Purple who shares her life after early retirement.
Purple retired from corporate America with a portfolio of $500k+ at the young age of 30 right before the 2020 pandemic. She explains what she does with her time now that she is no longer working, how she strives to live an intentional, purpose driven life, and how the pandemic was a catalyst for exiting the work-force.
In this episode, we discuss:
- How fear during the pandemic pushed Purple to retire early
- Realistically living off of $20,000 + what that lifestyle looks like
- The nomad lifestyle + how it saves Purple money
- Strategies for withdrawing money, what a Roth Conversion ladder is, + more
What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!
Transcript
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| 0:00.0 | As I was going closer to my goal, I did find that I, not in a bad way, but in a good |
| 0:10.0 | way, cared a little bit less about work in a way that I could like look at it objectively |
| 0:15.4 | instead of more emotionally when things would go wrong, which is very helpful because |
| 0:20.4 | I could solve the problems instead of just freaking out. |
| 0:26.4 | Welcome to the Journey to Launch Podcast, with your host, Janila Sufront, as a money expert |
| 0:31.8 | who rocks her top. She helps brave juniors like you, get out of debt, save, invest, and |
| 0:38.4 | build real well. Join her on the Journey to Launch to Financial Freedom in 5-on-4-3-2-1. |
| 0:51.4 | Journey to Launch is supported by First Republic Bank. Who does it want the best of both |
| 0:57.4 | worlds? Like, being able to stay at a 5 star resort, but pay two star prices, or the dream |
| 1:04.4 | I'm living now, working for myself, and bringing an income to support my family. What if a |
| 1:10.4 | bank could give you the best of both worlds, too? With a secure banking app that allows you to |
| 1:15.4 | work from anywhere, anytime, and a dedicated personal banker when you need one-on-one service, |
| 1:21.4 | First Republic is uniquely positioned to offer the best of both worlds. I love that I can reach |
| 1:27.0 | out to my personal banker, Linda, if I have any questions and that I can quickly access |
| 1:31.7 | all of my account information and pay bills through the app. With this combination of personal |
| 1:36.8 | attention and convenience, it's no wonder that First Republic Bank has a client satisfaction |
| 1:42.3 | rating two times the industry average. So, whether you're starting on your financial |
| 1:47.9 | journey, or planning for your future, you can count on First Republic to be there for |
| 1:52.8 | you every step of the way. Visit FirstRepublic.com today to learn more. That's FirstRepublic.com member |
| 2:01.8 | FDIC, Equal Housing, Linda. If you want the episode show notes for this episode, go |
| 2:08.2 | to journeytolange.com or click the description of wherever you're listening to this episode. |
| 2:14.2 | In the show notes, you'll get the transcribed version of the conversation, the links that |
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