The Realities of Retiring Early
b"The point of money is to make life easier. To give you security, comfort, and the ability to do the things that make you happy.\\nSo if you\\u2019ve made enough to take care of that for life, you can just stop making more\\u2026 right?\\nRetiring early is a dream for many, but what happens when you actually do it?\\nIn this episode we explore the story of two guests who did just that, though they came about it in different ways.\\nOur first guest, \\u201cRyan\\u201d, made over $20 million after selling his business, then decided to step away from working and enjoy his money. \\u201cJeff\\u201d however, made his money in a series of smaller sales and soon realized he had accumulated enough where his investments outperformed his work income.\\nSince retiring, both \\u201cRyan\\u201d and \\u201cJeff\\u201d have gone through similar stages of appreciation, loss, and rediscovering purpose in their lives.\\xa0\\nIn this episode, we explore the ups and downs of retiring early, how much money they have that allows them to live off their investments and what they do with it. They\\u2019ll tell us about the external pressure to start something new, how they dealt with the feelings of loss, and what they do with their time now.\\nCheck out Ryan\\u2019s blog After The Exit.\\nThis is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits.\\nWho is Sam Parr?\\nSam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022.\\nThis podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups.\\n\\nChapters:\\nHow Ryan and Jeff made their money (3:30)\\nWhy they decided to step away (8:13)\\nThe feeling of loss (11:25)\\nFacing the \\u201cwhat\\u2019s next\\u201d pressure (16:50)\\nThe importance of finding a new passion (18:45)\\nRyan\\u2019s take on financial advisors (21:50)\\nStock market anxiety (26:25)\\nWill they go back to work in the future? (30:19)\\n\\nThis podcast was produced in partnership with Lower Street and distributed by Morning Brew.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"