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Money Guy Show

Her Coast FIRE Plan Has Some MAJOR Holes | Making a Millionaire

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 5 January 2026

⏱️ 57 minutes

🧾️ Download transcript

Summary

Danielle is a 33-year-old self-employed sign language interpreter earning $110,000 annually in the DC area. After building an impressive $181,000 net worth in just four years, she's experiencing severe savings whiplash, dropping from a 60% savings rate during COVID down to just 8% today. Inspired by the book Die with Zero and the Coast FIRE movement, Danielle wants to work less by age 37 and fully retire by 60 without leaving a large inheritance since she doesn't plan to have children. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

To succeed in the future of work, forward thinkers use AI to deliver measurable results.

0:05.0

Workday is the AI platform for HR and finance that frees you from the mundane so you can focus on more meaningful work.

0:12.0

Workday, moving business forever forward.

0:15.0

So so far, we've seen you operating in two realms.

0:18.0

Yeah, 3,000, 750.

0:20.0

Maximum capacity or now, I mean, if you do 9,000? Yeah. Maximum capacity.

0:21.3

Or now, I mean, if you do 9,000 into 110, that's an 8% savings rate.

0:25.8

So going from like killing the savings rate, like 30, 40% to 8%.

0:30.0

It seems just as a casual bystander, there might be some middle ground.

0:35.0

Yeah.

0:35.3

That might be more sustainable and more fruitful over the long term.

0:45.6

What is it you do professionally?

0:47.2

I'm a sign language interpreter.

0:48.7

So I do a lot of the business corporate.

0:52.4

It is actually mostly federal government more than private business,

0:55.8

because it's the DMV, the DC, Maryland, Virginia area. So all of the federal agencies are right

1:02.8

there. And they hire a lot of deaf people and they have interpreters all day, every day.

1:08.5

I do a lot of work for one agency. It's, you know, eight hours of work. I have an hourly rate. So I do a lot of that. I do some medical and then some other just random. Are you employed by the agency? Or you're like a medical contractor? I'm self-employed. So when I say agency, I mean like the federal agency, but there are interpreting agencies. When you are an interpreter, you just reach out to them and say, hey, I'm an interpreter. They either just like, yeah, we'll add you to our list to get emails with work, or here's the portal to sign in to look for work, or they want to screen you and they record you interpreting to make sure you're good enough. And there's just a list, and you can just like opt. Like, hey, I'm available this day. I probably get like 200 emails a day of just work. Oh, wow. Like available work.

1:47.3

This is, because I remember. And there's just a list and you can just like opt. Like, hey, I'm available this day. Yeah, I probably get like 200 emails a day of just work.

1:45.8

Oh, wow.

1:46.5

Like available work. This is because I realized in my own journey, I was a finance major and I was like, man, after I took my first class and I was like, there's not going to be a job in this because it's too easy. Everybody can do this. That's why I switched to accounting

1:59.5

because you're pretty much guaranteed a job.

...

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