Brad Barrett, retired at 35, shares insights on financial independence and common mistakes among early retirees. He emphasizes the need for planning post-retirement life, not just financial goals. Barrett points out that many focus solely on reaching a financial target without considering how they will fill their time. He asserts that achieving financial independence means gaining control over one's time and finding meaningful pursuits. Barrett's podcast, ChooseFI, offers guidance to avoid these pitfalls, underlining the importance of a fulfilling retirement experience beyond financial success.
"One broad category of mistakes I see involves people simply not having ideas of what they want to do in their post-work life. In the 2013-2017 timeframe, FI was about getting to a number as quickly as possible, and little else mattered."
"It's all about financial independence - reaching a point where we can control the only thing that matters in life, which is our time."
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