Coast FIRE w/ $380k by 40 in Arizona | Kathryn Hanna
10,263
Published 2024-05-15
Coast FIRE Calculator (free): marriagekidsandmoney.com/calculators/coast-fire/
Kathryn Hanna (website): www.makingyourmoneymatter.com/
CHAPTERS
00:00 - Intro - Coast FIRE by 40 w/ $380k
00:59 - Coast FIRE 5
04:15 - What drew you to the FIRE community?
05:15 - Feelings living abroad
06:17 - When Coast FIRE was achieved
07:20 - What makes up the $380K?
08:17 - Taxable brokerage accounts
09:37 - Financial stability after divorce
11:20 - Discussing finances with your spouse
13:33 - Managing household finances
14:52 - Conversations about money with the kids
15:35 - Pausing contributions once Coast FIRE is reached
16:40 - Michigan home and future plans
17:45 - One step to reaching Coast FIRE
18:40 - Finding your goals
21:07 - Coast FIRE Calculator
#CoastFIRE #CoastFI #FIRECommunity #FamilyFinance #personalfinance
GUEST BIO - Kathryn Hanna
Kathryn Hanna is a finance expert and advocate for sustainable investing. She founded MakingYourMoneyMatter.com, a platform dedicated to educating individuals on aligning their financial goals with their values.
Through her insightful articles and guides, Kathryn empowers people to make informed decisions that benefit both their portfolios and the world around them. As a speaker and thought leader, she champions the principles of conscious capitalism, reshaping the financial industry for positive social and environmental impact.
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Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
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When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing in his hammock.
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CREDITS
Research & Writing: Andy Hill
Video Editing: EditVideo.io
Thumbnail: Ardi, The Thumbnail Wiz
Channel Management: Nev Mara
All Comments (11)
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Access our free Coast FIRE Calculator here: marriagekidsandmoney.com/calculators/coast-fire/
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Maybe I did the math wrong but $380k coast fire at age 39, 7% growth doesn't work. 10% with 3% inflation meets her expected 1.5 mil at age 60.
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She says she is a CFP but she has a financial planner for her retirement accounts? Also, she says she's 80/20 in funds and that is aggressive for her age? Does she get alimony? What other income streams does she have currently? How is she supporting 3 kids as a single mom? Personally, for me, $380k at 39 is not enough without factoring inflation, kids going to college, etc. I would still be contributing, instead of coasting. She also talks about priorities in life, seems to me that one of her main priorities is making 'herself' happy.
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Recommend book “The Sun Always Pierces Through” On healing forward from divorce ☀️
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What does she do for healthcare?
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Real return of 7% is not conservative at all.. given today's valuations I would estimate 2-3% real over the next 20 years... assuming 5-6% nominal with 3% inflation
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Hope yoy enjoyed Korea durinf expat time! (as a Korean who live in NJ now) Curious why you have financial advisor manage your funds when you're CFP yourself
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How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards
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I wish I could file for divorce and get my bills paid from the ex. Not throwing shade on this video in particular. Just the court system and having testicles.
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$380K invested by age 40 to coast fire? Is a 7% rate of return after adjusting for inflation considered conservative? If so I'm ultra conservative because I'm using 2-3% for my estimates. That said, if I fo get 7% and can retire early then that's a nice bonus.
