Ep 0059 Creating a Successful Early Retirement Plan with Fritz Gilbert

Creating a Successful Early Retirement Plan

Money Learnings: Fritz was fortunate to have a great role model in his father. He grew up middle class in a family that lived frugally and enjoyed life. He learned by watching actions versus direct conversations. Fritz has been intentional with raising his 23 year old daughter. They focus on building memories versus material goods. He has set up an automated savings plan for his daughter.
Take away: It’s okay to spend money creating memories.
Action step: Start researching into a part of your life you want to see change.

Fritz is the founder of The Retirement Manifesto, the 4th fastest growing personal finance blog in the world.  The site is dedicated to helping people achieve a great retirement.  He’s planning on retiring in 2018 at the age of 55 with his wife in a cabin in the Southern Appalachian mountains.  He’s had a diverse career during 30+ years in Corporate America, and currently works as a commodity trader negotiating international trade deals.


Show Notes: 

Highlights from this episode:
  • The power of automatic investing and starting early.
  • Spend less than you make and do it for a long time!
  • Balancing frugality versus spending today.
  • Be careful on the big obligations – housing and cars.
  • Fritz is retiring to something – Retirement is a starting line not a finish line.
  • The longevity risk of retirement balanced against retiring while you are healthy.
  • Physical fitness as part of a retirement plan.
  • The importance of the softer side of life (non financial) in retirement planning.
  • How we choose to think and react determines our outcomes in life.
  • The things we think are most important are probably irrelevant.
  • The power of baby steps.
  • Is it hard to let go of work?
  • The story of starting saving at 50 and still able to retire at 65
  • And much more!


Harvard Grant study – book (Amazon affiliate link)




Music: https://www.bensound.com

Check out this episode!

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