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ChooseFI | Financial Independence Podcast

Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Investing, Business

4.8 • 5.2K Ratings

🗓️ 21 August 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

Most people think you need to wait until retirement to finally live the life you want. Jillian Johnsrud proved otherwise by spending eight months traveling with her husband, five kids, and multiple pets in a 26-foot camper—and she did it while building a career. Jillian shares the framework her family created to ensure everyone (including parents) actually has fun during extended travel. She breaks down what qualifies as a mini retirement—stepping away from your main job for a month or longer to focus on what truly matters—and why waiting until you hit financial independence to pursue these experiences is a mistake. Key Topics Discussed: Introduction of Jillian Johnsrud [00:00:00] Jillian's Family Travel Experience [00:01:10] Eight months traveling in a camper with five kids Lessons learned and experiences gained Creating Fun Rules for Family Travel [00:05:25] Establishing family communication frameworks to ensure everyone enjoys trips "Creating family fun is for everyone, not just the kids." Understanding Mini Retirements [00:13:49] Definition: Stepping away from your main job for a month or longer to focus on personal priorities "Hitting financial independence doesn't automatically bring happiness." The high failure rate of trying new things and why that's part of the process Negotiating Mini Retirements at Work [00:36:48] Strategies for discussing extended time off with employers Emphasizing mutual benefits and the cost of employee replacement Preparing structured, fair proposals Key Insights: Intentionality Matters: Document your intentions for mini retirements to ensure they align with your values and avoid letting time slip away [00:46:05] Active Rest: Engage in activities that recharge you while remaining purposeful [00:21:03] Support Systems: Finding a community to navigate these transitions is crucial [00:25:35] Local Entertainment: Season passes to local attractions can maximize enjoyment while reducing costs [00:08:04] Resources: Retire Often Podcast: RetireOften.com [00:51:24]

Transcript

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0:00.0

Hello and welcome to Choose a Phi.

0:01.9

Today on the show, we have our good friend,

0:03.4

Jillian Johns-Rude back.

0:04.9

And we're going to talk all things, many retirements.

0:08.5

Now, there's a whole lot to discuss here,

0:10.9

because this is a topic that is really top of mind

0:13.8

with a lot of people in the Phi community

0:15.7

who are thinking about how can they organize their lives

0:19.0

around things they value?

0:20.3

And how can they spend their time as they see fit

0:23.1

and not wish away the 10 or 15 years to Phi?

0:27.1

How can you rethink that?

0:28.9

How can you have other possibilities?

0:30.8

And Jillian is quite literally writing the book on this,

0:34.1

and she has a ton of information.

0:36.9

And this is just going to be a really free flowing conversation

0:39.8

about, like I said, all things, many retirements,

0:42.0

but also a lot into what Jillian's been up to in her own life.

0:45.7

And I think you're going to find this a really great interest.

0:48.7

So with that, welcome to Choose a Phi.

0:51.0

Jillian, welcome back to Choose a Phi.

1:00.2

It's always good to see you.

...

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