My new Audible course on monetary independence and early retirement!

Practically two years in the past, I obtained an uncommon e mail at an handle I not often test anymore. The creator wrote:

I'm writing to you at this time as a result of The Nice Programs in partnership with Audible is exploring the opportunity of making a high-quality sequence on Monetary Independence. We imagine that you could be be a superb candidate to show such a sequence. I've learn many articles at Get Wealthy Slowly and I am at all times impressed by your writing and the way a lot wonderful content material you create.

At first, I believed this was spam. Earlier than I deleted the message, although, I checked the sender. Certain sufficient. The sender (and the message) was legit.

I wrote again:

Thanks for reaching out. I get a variety of requests for my time and usually flip them down. Not this one. I really feel like this can be a terrific thought and well-worth exploring. I'm a long-time fan of each Audible and the Nice Programs. I am not joking.

I included display screen captures to show that I owned 72 Nice Programs and almost 372 audiobooks from Audible. These numbers have since grown, naturally.

My library of audio learning

Discussions ensued, a contract was created, and in December 2019, I started the work of making a five-hour, ten-part course on monetary independence and early retirement. I completed that course final April. I recorded it in Might. And final month, in the end, Easy methods to Obtain Monetary Independence and Retire Early made its approach into the world!

FIRE in 40,000 Phrases

Writing a weblog about monetary independence and writing a course about monetary independence are two various things. A weblog is open-ended. It is private. It is casual. However a undertaking for Audible and The Nice Programs? Effectively, that type of undertaking has constraints and requires a distinct tone.

You people all know that I'm on a personal-finance journey. You all know that I am continually studying about cash, and that my understanding and opinions have a tendency to vary with time. With this type of undertaking, although, I've to current myself as an knowledgeable. The information I present must be self-contained in a single neat little package deal.

On this case, I had some very particular parameters.

The course needed to be roughly 40,000 phrases in size, and the entire needed to be divided into ten smaller “chapters”. Why 40,000 phrases? As a result of 40,000 phrases is roughly 5 hours when learn aloud. Basically, my process was to encapsulate crucial sides of economic independence in ten half-hour (4000-word) lectures. So, that is what I did.

I additionally needed to resolve who the course was for. Was this meant for people who already knew about FIRE (monetary independence and early retirement)? I am not the very best individual to supply deep, technical recommendation (as you effectively know), so I made a decision in opposition to that. I made a decision to focus on people who have been FI-curious: those that has heard concerning the ideas however wanted a crash course in what FIRE entails.

How to Achieve Financial Independence and Retire Early

Ultimately, I adopted the next define:

  • Lecture one — What's monetary independence? I begin the course by discussing the distinction between monetary independence and early retirement. I additionally spend a while speaking about how society has programmed most individuals to consider cash in just one approach. However there are different methods to strategy private finance.
  • Lecture two — The facility of function. Naturally, I then dive into my pet topic: discovering function. If you happen to've learn GRS for any size of time, you recognize precisely what this lecture comprises. That is my core message.
  • Lecture three — The facility of revenue. With the philosophy out of the best way, I discover the numbers behind monetary independence and eaerly retirement. I speak about internet price, saving fee, and extra.
  • Lecture 4 — Spend much less. The fourth lecture explores frugality and the facility of saving on the massive stuff, similar to housing and transportation.
  • Lecture 5 — Improve your earnings. After speaking about spending, I speak about earnings. Whereas a lot of the materials on this course is new, this explicit lecture sticks intently to my ordinary speil about incomes extra. (However with extra sources included.)
  • Lecture six — Your wealth snowball. As soon as I've defined how the hole between incomes and spending creates a “revenue”, I then share the very best methods to utilize this revenue: a debt snowball (in the event you're in debt) and a wealth snowball (as soon as your debt is gone).
  • Lecture seven — Investing for early retirement. The seventh lecture was, by far, probably the most troublesome to jot down. How within the hell do you compress all of investing into 4000 phrases? It might't be completed — however I attempted. (After which I despatched individuals to learn The Easy Path to Wealth by J.L. Collins haha.)
  • Lecture eight — How a lot is sufficient? Subsequent, I discover the elements that have an effect on how a lot it's worthwhile to save for retirement, together with life expectancy, inflation, withdrawal charges, and extra.
  • Lecture 9 — Limitations on the highway to monetary independence. I spend the ninth lecture addressing issues that individuals encounter after they pursue monetary independence — and providing doable options to these issues.
  • Lecture ten — Constructing a wealthy life. Lastly, I discover what occurs when you obtain monetary independence and/or early retirement. I urge listeners to construct a wealthy life.

As I stated, I did my finest to cowl the core ideas of the FIRE motion. I made a deliberate determination to maintain the course as non-technical as doable, which most likely comes as no shock. And, when doable, I explored the psychological and philosophical implications of wealth.

Due to the restrictions of this undertaking, I could not cowl sure pet subjects of the FIRE neighborhood: journey hacking (which truly has zero to do with FIRE anyhow), well being care (which is essential!), backdoor Roths, etcetera. Nor may I dive deep into any given matter. There simply wasn't house.

Ultimately, although, I am pleased with the course I created. To my thoughts — and I do know I am biased — this undertaking is the very best introduction to monetary independence and early retirement obtainable. I am not joking.

If you wish to share this idea with buddies or household, I imagine this course is a good way to do it.

An Intro to FIRE

Essentially the most troublesome a part of creating this course was recording it. Early final Might — whereas uncertainty about COVID nonetheless raged — I spent two days at an area recording studio, studying my phrases aloud. It was powerful!

I am a talkative fellow, however I've by no means needed to truly learn for hours on finish. It is harder than you may anticipate. By the top of the second day, I felt like my mouth was filled with marbles. Plus, I fearful and fearful and fearful that my supply was horrible. (And, within the months since I recorded the course, I've had second ideas about two sentences that I remorse together with haha.)

So, my largest concern was that individuals would hate my “efficiency” of the stuff I might written. A lot to my shock, that hasn't been the case. Actually, my efficiency is the highest-rated a part of the course. Whuh?!?

Current ratings for my course

Prepared for some math nerdery? Good, as a result of you are going to get it.

Your Cash: The Lacking Guide was launched on 01 March 2010. Within the eleven years since, the e-book has obtained 86 rankings at Amazon. Easy methods to Obtain Monetary Independence and Retire Early was launched on 16 February 2021. Within the 5 weeks since, the course has obtained 77 rankings at Audible.

What amuses me, although, is that the breakdown of those rankings is almost equivalent. Have a look:


Constantly, 5% of oldsters do not like my massive tasks. One other 5% discover them to be meh. And — thank god — 90% appear to love them.

Anyhow, my Audible course is out! I am pleased with it. I believe it is a superb intro to the core ideas of the monetary independence and early retirement motion. I hope it proves helpful for many individuals.

As proud as I'm of this course, and as a lot as I hope it helps individuals, I might be remiss if I did not level out that I first explored these primary concepts in The Cash Boss Manifesto, which stays obtainable as a free PDF. The Audible course is a lot extra complete and options my newest ideas on every topic, in fact, however that free PDF is an effective useful resource for people who cannot (or do not need to) purchase the course.