Imagine that you have a well paying job but otherwise it sucks and you wish you could leave. And now imagine that an amazing opportunity comes along for you to start your dream business- that thing you’ve always wanted to do, but the problem is that you know you won’t be able to pay yourself for a solid year. What you need is peace out money to keep you afloat! Or maybe some family or health issues have come up and you want to be able to spend time with family, or maybe you just want to take some time off and road trip it for 6 months. Either way, the answer is peace out money! We’re defining this as having enough money on hand to leave situations or jobs where you could technically stay, but you’re choosing not to because you’d rather do something else. You have that peace out money to bridge you to the next job or opportunity that you really want to pursue. Listen to the full episode to hear the additional benefits of peace out money, how it’s different than reaching financial independence, and then finally the steps you can take to make sure you have your own peace out money set and ready for when you need it.
Additional links we mentioned in this episode:
- Learn all about our friend Scott’s documentary – Playing with FIRE. It’s out in select theaters now so check and see if it’s playing near you!
- That Mr. Money Mustache article on FU money. (turns out Joel and I both had the numbers wrong but 4k a month is still a TON)
- Here’s the article that Joel was referencing about military security clearance and debt.
And during this episode we enjoyed a 2014 Oud Bruin by yEast Atlanta Brewers- a big thanks to our friend John for brewing, aging, and donating this beer! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts- we’d love to hear from you!
Best friends out!