4.1 • 650 Ratings
🗓️ 25 July 2022
⏱️ 11 minutes
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0:00.0 | Welcome to a special bonus episode of the This Is Money podcast. |
0:06.0 | Not with me, Georgie Frost, but with editor Simon Lambert and Barney Weiter. |
0:11.0 | Following on from last week's episode about the fire movement, Financial Independence and Retiring Early, |
0:16.0 | our Simon went off to find out more. He spoke to Barney, who has done just that. He paid off |
0:21.9 | his mortgage at 32, built up an investment portfolio, and then quit his job in 2014 at the |
0:28.4 | age of 43, all whilst supporting a family with three kids. No lottery wins, inheritance or |
0:34.1 | illegal activity involved. Barney now helps others do the same in his blog, The Escape Artist. |
0:40.5 | Barney, welcome to the This Is Money podcast. |
0:43.0 | So I guess I kick off by asking, what does financial independence mean to you? |
0:49.3 | And are you financially independent? |
0:52.2 | Yeah. |
0:52.7 | So to me, financial independence is synonymous with financial freedom. |
0:59.0 | So to me, it's about freedom, it's about choices, and it's about having the option, whether to work, |
1:07.0 | and if you do choose to work, you know, what sort of work you do, what hours you do, what sort of |
1:12.7 | people you work with, etc. So to me, it's all about optionality. I'm financially independent. I used to |
1:20.8 | work as an accountant and I quit that in 2013. So I've been essentially financially independent for the last, whatever, eight years or so. |
1:33.0 | And have you continued to work in that time? |
1:35.7 | Yes, I, there's always a period, I call it the decompression period. |
1:40.1 | So after I quit, you know, there was a period I didn't want to do anything. |
1:43.6 | I just wanted to kind of chill, relax, you know, throw away the alarm clock, wake up naturally. |
1:48.6 | But after a while, you look for things to do. |
1:51.5 | And so, you know, since then I've been writing my blog, the escape artist. |
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