125 : Retiring Early with Coast FI and Slow FI with Diania Merriman
In this episode: Money as a Tool, Retirement and Autonomy, Awareness and Choice, Community and Belonging, Coast FI and Slow FI with Diania Merriam
Note from Adam
I hope you are well. I know I've been MIA for the last few weeks, without any new episodes.
I've had some incredible things happening in my life, all thanks to envisioning. I can't wait to share them with you and share a resource I'm creating for you to think BIG about your own life and vision, so you can create similar amazing results for yourself. If you'd like to get early access to that, click here and sign up.
Episode Summary:
In this episode, Diania Merriam discusses her journey to financial independence and early retirement. She shares how she discovered the FIRE (Financial Independence, Retire Early) movement and how it transformed her relationship with money.
Diania explains the concept of "Coast FI" and "Slow FI" and how she retired from her corporate career at the age of 33.
She also talks about the importance of clarity and comfort in managing finances and how financial independence allows for greater creativity and time abundance.
Connect with Diania Merriam
About our guest, Diania:
Diania Merriam is a retired corporate professional and the host of a daily podcast about money. She is passionate about helping others achieve financial independence and creating a life they never want to retire from. Diania is also the founder of The Econome Conference, a gathering for like-minded individuals in the FIRE community.
Key Takeaways:
- Money is a tool, not a goal. It should be used to create time and space in your life.
- Retirement is not about not working, but about separating your finances from your work and having full autonomy over how, when, and where you work.
- Awareness and choice are essential in achieving financial independence. Understand your income, expenses, and the gap between them.
- Community and a sense of belonging are important for overall well-being, especially in the FIRE movement.
- "Coast FI" involves front-loading retirement savings and allowing compound interest to grow your investments over time.
- "Slow FI" is about reimagining your financial journey and being open to different paths and approaches to financial independence.
Resources & Books Mentioned:
- Mr. Money Mustache blog
- "The 4-Hour Workweek" by Tim Ferriss
Whenever you are ready, here are 3 ways I can help you:
1. Book a 30 free clarity call with me. If you are nearing FI and want help answering the question "What do you actually want?", let's chat!
2. Complete my Free Envisioning Guide to dream up a BIG vision for your life.
3. Connect with me LinkedIn where I post about crafting a life you love & making work optional using mindfulness, envisioning & financial independence.