Past Failure Does Not Define Future Success | Amy Minkley

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.8 • 5.2K Ratings

🗓️ 5 June 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Most successful super-savers eventually realize their strategies need to evolve — but Amy Minkley discovered hers were almost destroying her. After two decades of rigid financial discipline led her to burnout in Bangkok, she found the FI community at exactly the right moment. Brad sits down with Amy, who he met at the Economy Conference, to unpack her winding path from high-paying corporate job to international teacher to slow traveler in Bali. Amy's journey touches on leaving secure employment, teaching in Japan, mini-retirements, geo-arbitrage, breaking contracts, asking for jobs back, scarcity mindset, and eventually building a life in Bali. Her story illustrates how childhood money beliefs can shape decades of behavior, the power of fear setting to overcome barriers, and why slow travel offers something rushed tourism never can. Key Topics: The Value of Community in FI: Connecting with like-minded individuals at FI events fosters friendships and support. [00:03:03] "The FI movement's reach includes hundreds of ChooseFI local groups worldwide." Addressing Childhood Money Beliefs: Understanding how upbringing impacts financial behavior is crucial for growth. [00:10:22] "How have childhood beliefs about money affected your current mindset?" [00:13:06] "Super saving strategies that led to success became overwhelming over time." Fear Setting as a Tool: Practicing fear setting can help individuals confront their anxieties and embrace opportunities. [00:29:36] "Fear is a major barrier to our progress." Slow Travel & Intentional Living: Immersing oneself in a culture through slow travel can lead to profound personal growth. [00:49:59] "Slow travel offers deep, meaningful experiences." [00:49:00] "Deep reflection on values is challenging without adequate time away." Chapter Markers: [00:00:00] Introduction of Amy Minkley [00:01:34] Discussion on FI Events [00:04:34] Amy's Journey to FI [00:10:22] Childhood Beliefs and Money [00:29:36] Fear Settings and Overcoming Barriers [00:49:59] Slow Travel Insights [00:54:31] Closing Remarks Resources: Your Money or Your Life (book mentioned at [00:36:44]) Related episode: ChooseFI Episode 109 - International Teaching Insights

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to Choose a Phi. Today on the show we have my friend Amy Minkley who I recently met at the economy conference.
0:06.9	And Amy's story has a little bit of everything. I say that fairly often and it almost sounds right,
0:13.5	but this is the example of literally the story having everything.
0:18.0	And just the short list of topics that we could potentially talk about are leaving a high-paying job,
0:23.3	georbitrage, teaching in Japan, mini-retimerons, international teaching, slow travel, gap years,
0:28.8	Bali, one more year syndrome, finding Phi, and then going to every Phi in person event you could
0:34.7	possibly find. Breaking contracts, asking for jobs back, scarcity mindset, online teaching with kids
0:41.5	in California. I mean, literally we could have probably five to ten episodes here with Amy, so
0:47.2	this might be part one of N, but I think you're absolutely going to love Amy Minkley. Welcome to Choose a Phi.
1:01.2	Thanks, Fred. I'm super excited to be here. Oh, this is going to be great, Amy. And yeah, like I said,
1:07.1	I met you at economy. We became fast friends and we knew we had to do this episode, but more importantly,
1:12.8	yeah, it was just so wonderful to meet you. And you helped me with the one more year syndrome breakout
1:19.2	group, which wound up being a rousing success, though. I think we were a little worried about it at the
1:24.1	beginning, because what's so nice about these Phi events, and I think the power of in-person events,
1:31.0	whether they're choose a Phi local meetup groups to camp Phi's, to economies, to Shitakeweta,
1:37.1	your Phi freedom retreat, which is going to happen later this year, is people just become
1:43.3	these fast friends, right? And we have so much in common, and it really is about meeting other
1:49.6	people there, meeting friends as opposed to listening to a speaker necessarily. And I think you and I
1:55.3	realize that right away, just in that very one hour presentation. Yeah, definitely. I mean, I feel
2:01.0	like when we have the same values as far as money, so many other things fall into place. And we
2:07.4	think outside the box, people in the fire movement, we are living intentionally, we want to design our
2:12.8	life and really utilize our time and our energy to the best of our ability. And so I just find that
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.