Our Next Life - Retiring to a Life in the Mountains

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 27 February 2017

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Later this year, at the ages of 38 and 41, the couple behind OurNextLife.com will be quitting the stressful, time-consuming jobs that they’ve held for most of their adult lives and will be retiring to a life in the mountains.

This is particularly interesting to me because one of my dreams is to live on the side of the mountain and get a part-time ski patrol job. Because really, what could be better than waking up early after a big snowfall, grabbing a cup of coffee with your buddies, then strapping on your skis and heading up the mountain to throw bombs and trigger avalanches?

Join me for a Financial Independence Podcast interview with Ms. ONL to hear all about this exciting transition to the mountains and to find out what their next life has in store for them!

Highlights:

What to do if you’re not naturally frugal
Why you should gradually trim your expenses if your spending is high
The risk of losing your identity when leaving a long-term, time-consuming job
Finding meaning after early retirement
Using your money to help out your family
What it’s like living in a ski town
The additional costs of mountain life
How to transition from the big city to the mountains
Preparing for the two phases of early retirement

Transcript

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0:00.0	I'm blind, if you were true, finance.
0:05.0	Hey, what's up everybody.
0:07.0	Welcome to the Financial Independence Podcast, the podcast
0:09.0	where I get inside the brains of some of the best and brightest in the personal finance
0:12.0	space to find out how they achieved financial independence.
0:14.0	Before we dive into today's episode, I just want to let you know that I released version 2.0 of the
0:19.8	Credit Card search tool I created for travel hackers. You may remember a few years ago I wrote
0:25.1	a web application to help travel hackers find the best credit card sign-up bonuses. Well, I got
0:31.0	a lot of feedback from you, so thanks a lot for that, and I've implemented a lot of new features.
0:35.6	So if you want to check it out, just head over to cards.madfiantist.com.
0:40.9	And I also created a short video just describing why I think it's the best card search tool for travel hacking.
0:47.0	So I'll put a link to that in the show notes if you want to check that out too.
0:51.0	Today I'm excited to introduce my guest. It's Ms.
0:54.0	O'NL from Our Next Life. Ms. O'N. has a sensitive employment
0:58.6	situation so she wants to remain completely anonymous until she quits later this year, so I completely respect that, so that's why she will be referred to as Ms. O&L for the rest of the episode.
1:09.4	But she is living one of my early retirement dreams actually and she put herself in this position with her husband
1:17.6	before hitting financial independence and I am
1:21.0	Excited to talk to her about it because it's something that my wife and I are considering as well.
1:26.0	She currently lives in the mountains and is just enjoying all the fantastic things that come with living in the mountains, like skiing hiking and it's it sounds like a really exciting existence and I think that may be one of our next steps as well is moving to somewhere like that so we can just enjoy all the free things that the mountains have to offer.
1:45.2	So I'm excited to talk to her about that and I'm excited to see what her next life looks like because
1:50.0	she's going to start it at some point in 2017.
1:52.6	So without further delay, Ms. O'Anel,
	...

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