Episode 387- Retiring at 30yrs Old & Living A Full Life On $20k A Year W/ Purple

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 14 August 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you didn’t have to work again for money, what would you really do with your time? We often hear about retiring early in the context of someone quitting their corporate job to work on their own business. But what if you truly didn’t have to work and could really live your life on your own terms?

On this episode of the Journey To Launch Podcast, we have a returning guest, Purple who shares her life after early retirement.

Purple retired from corporate America with a portfolio of $500k+ at the young age of 30 right before the 2020 pandemic. She explains what she does with her time now that she is no longer working, how she strives to live an intentional, purpose driven life, and how the pandemic was a catalyst for exiting the work-force.

In this episode, we discuss:

How fear during the pandemic pushed Purple to retire early
Realistically living off of $20,000 + what that lifestyle looks like
The nomad lifestyle + how it saves Purple money
Strategies for withdrawing money, what a Roth Conversion ladder is, + more

Transcript

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0:00.0	As I was going closer to my goal, I did find that I, not in a bad way, but in a good way,
0:10.1	cared a little bit less about work in a way that I could look at it objectively
0:15.4	instead of more emotionally when things would go wrong, which is very helpful because then
0:20.5	I could solve the problems instead of just freaking out.
0:23.0	Welcome to the Journey to Launch Podcast with your host,
0:28.0	Jamila Sufrant, as a muddy expert who walks her talk,
0:32.0	she helps brave journeyers like you, get out of debt, save, invest, and build real well.
0:39.0	Join her on the journey to launch to financial freedom in five four three two one.
0:52.0	Hey hey hey journeys welcome to the Journey's Launch Podcast. I hope you've been enjoying the summer
0:58.4	rewind series of episodes. These are episodes that were previously aired on the Journey to Launch
1:04.0	Podcast and they were also case studies mentioned in my book, Your Journey to Financial Freedom.
1:10.8	The last few episodes that aired before this one were based on people paying off debt.
1:16.0	So if you found yourself or find yourself in the cadet stage, the second stage of the five
1:21.0	junior stages where you are focused on paying off consumer debt.
1:24.0	Hopefully those episodes were useful and inspiring for you.
1:27.5	If you didn't listen to them, you can always listen to them after you listen to this one.
1:31.5	But this next batch of episodes are focused more on people who are
1:35.2	on the financial independence journey and they are starting from different various starting points.
1:40.6	Again, all of these episodes and interviewees were mentioned in my book,
1:45.0	Your Journey to Financial Freedom, a step-by-step guide to achieving wealth and happiness.
1:49.0	The book is available wherever books are sold, you can head over to your journey to financial freedom
1:54.8	dot com to get your copy and check it out now let's get into the episode
	...

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