SPECIAL: The Little Known World of FatFIRE

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 26 July 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode Sam (@theSamParr) shares what he's learned from one of his favorite subreddits, FatFIRE. FatFIRE is about the pursuit of financial independence/early retirement with an upper-middle class lifestyle. Do you like these special episodes? Tweet your feedback to Sam (@theSamParr) & let him know what you think. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:07) Meet FatFIRE * (6:53) What Sam has learned from FatFIRE * (7:15) 1 - The safety withdrawal rate * (8:36) 2 - Asset backed loans * (10:38) 3 - They keep working after they retire * (11:50) 4 - It's easy to spend a lot of money * (13:05) 5 - But you don't have to * (13:50) 6 - You have a number * (15:04) 7 - On wealth advisors * (16:05) 8 - You don't have to start a business * (18:25) 9 - Live your life * (20:23) A redditor on different levels of wealth --------- Links: https://www.reddit.com/r/fatFIRE/ https://fatfireindex.com/

Transcript

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0:00.0	All right, QuickBag to tell you about another podcast that we're interested in right now.
0:04.4	Hosepot just launched a Shark Tank rewatch podcast called Another Bite.
0:08.9	Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty
0:13.1	Potty, to the Mention a Bench, to Ring Doorbell, and they break down why these pitches were
0:18.6	winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.
0:24.2	Basically, all the things you want to know about how to survive the tank and scale your
0:28.4	company on your own.
0:29.6	If you want to give it a listen, you can find another bite on whatever podcast I've
0:32.9	been listening to, like Apple or Spotify, or whatever you're using right now.
0:36.2	All right, back to the show.
0:38.2	This episode is sponsored by The Hubspot Podcast Network.
0:41.9	The Hubspot Podcast Network is the audio destination for business professionals who seek the best
0:46.4	education and inspiration on how to grow a business.
0:49.8	Whether you're looking for marketing, sales, service, or operational guidance, The Hubspot
0:54.3	Podcast Network hosts have your back.
0:57.0	Listen, learn and grow with The Hubspot Podcast Network.
1:00.8	Go to hubspot.com slash podcast network.
1:04.2	All right, what's happened to New Heathens?
1:06.1	A lot of you are watching this YouTube channel and listening to this podcast because you
1:09.4	want to do one thing, you want to get wealthy.
1:11.6	Of course, you want to live a good life.
1:12.9	You want to start great businesses.
	...

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