Description

Today’s guest is KT, who speaks on how she was able to retire at the age of 54.

She was inspired to retire early only a decade prior. It wasn’t an easy road, but it was absolutely worth it.

Listen in as KT describes her unique retirement journey and the money mindset transformation that she had to undergo to reach her goals. She shares her favorite books and other resources that armed her with valuable knowledge along the way, as well as how her efforts to increase her financial intelligence impacted her own kids’ view toward money for the better.

Key Topics:

• Why did KT decide to retire early? (2:30)
• “You found something to retire to rather than retire from.” (7:09)
• KT’s inspirations for investing her way to retirement. (9:00)
• “I started being really thoughtful about how I spent all of my money.” (11:00)
• Getting your kids on board with your financial strategy for retirement. (12:21)
• Defining the “FIRE movement.” (15:55)
• Considerations around the Four Percent Rule. (18:38)
• Pivoting away from the bank and investing on your own terms. (20:21)
• KT’s advice for women who want to go down a similar path to hers. (23:05)
• How KT established a tax strategy to bring her closer to early retirement. (25:28)
• What KT likes to splurge on. (29:48)
• Stephanie and Kevin’s biggest takeaways. (32:57)

Resources mentioned:

• Your Money or Your Life (book by Vicki Robin)
• The Simple Path to Wealth (book by JL Collins)
• I Will Teach You to be Rich – SECOND EDITION (book by Ramit Sethi)
• Taxes Made Simple (book by Mike Piper)
• The Millionaire Next Door (book by Thomas Stanley & William Danko)
• Money Moustache (blog by Peter Jonathan Adeney)
• Take Back Retirement Episode 19: You Want to Retire Before Age 65? Here’s What You Need to Know (episode that Kevin references at 1:25)
• Take Back Retirement Episode 22: Why You Spend The Way You Do with Maggie Klokkenga (episode that KT references at 28:45)

If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com

You can find the transcript and more information about this episode at www.takebackretirement.com.

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