How to Quit Like a Millionaire
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 5 September 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required, is a no-nonsense free guide to growing your wealth, retiring early, and living life on your own terms.
Kristy Shen and Bryce Leung retired with a million dollars in their early 30s, and did it without hitting a home run on the stock market, starting the next Snapchat in a garage, or investing in hot real estate.
Learn how to cut down on spending without decreasing your quality of life, build a million-dollar portfolio, fortify your investments to survive bear markets and black-swan events, and use the 4 percent rule and the Yield Shield, so you can quit the rat race forever.
Not everyone can become an entrepreneur or a real estate baron; the rest of us need the mathematically proven approach to retire decades before 65.
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https://www.linkedin.com/in/jillonmoney/ https://www.stitcher.com/podcast/jill-on-money"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Hi it's Jill Schlesinger on this episode of Jill on Money, we're talking fire. |
| 0:08.0 | It is definitely very very hard to walk away from that status quo path, but I absolutely do not regret it and I don't know what I was so afraid of |
| 0:16.4 | Welcome to the Jill on Money podcast. We are presented by Marcus by Goldman Sachs |
| 0:21.2 | For those of you who have been listening for a while, |
| 0:24.2 | you know that I'm a little bit obsessed with the fire movement. |
| 0:27.6 | Financial independence retire early. |
| 0:30.4 | So we've had a couple of episodes that have been devoted to this. I loved this couple because it was the first time I had live in studio |
| 0:38.5 | Two folks married couple who had done it |
| 0:41.6 | Christy Shen and Bryce Long, who wrote a book called Quit Like a Millionaire. |
| 0:48.0 | No Gimmicks, Luck or Trust Fund required. |
| 0:51.0 | So here is our interview with Christie and Bryce. |
| 0:55.0 | You're listening to Jill on Money with Jill Schlesinger. |
| 0:59.0 | Okay, so here we go. We start the program with a very easy question the question is |
| 1:04.3 | Bryce what is the best financial or career decision you've ever made best |
| 1:11.2 | financial decision I ever made? |
| 1:12.6 | I think it was to not buy that overpriced house. |
| 1:16.2 | So I mean, we started going into, like we started this whole journey just like everybody else. We trying to work save up money and then do the adult thing and then buy a |
| 1:27.4 | an overprice house going to a lot of debt and this kind of stuff and I know like we're in New York right now so whatever we were feeling back in our home town of Toronto, |
| 1:35.4 | it's like it's even more intense here, right? |
| 1:37.2 | Where everything, every apartment costs like a million dollars and this kind of stuff. |
| 1:41.0 | So the pressure that we felt on that was intense because it felt like every time we ended up making progress towards our down payment fund, the house prices would just run away from us. |
| 1:50.0 | So we would save like $100,000 and the houses would have gone up $100, dollars and we just felt like it was |
... |
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