This PhD's Path to FIRE Has Evolved with Lifestyle Design and Having Children

MAR 18, 202447 MIN
Personal Finance for PhDs

This PhD's Path to FIRE Has Evolved with Lifestyle Design and Having Children

MAR 18, 202447 MIN

Description

In this episode, Emily interviews Dr. Amanda, a prior podcast guest who is on the path to FIRE. Since our last interview, Amanda and her husband moved to the Twin Cities and had two children. Amanda recounts the exciting start to her FIRE journey when she was a postdoc and contrasts it with the boring middle of pursuing FIRE now with long-term jobs and a growing family. Amanda and Emily discuss the extra expenses that come with children—and those that don't have to—and how emergencies and other expensive projects mean that the progress made toward FIRE is different each and every year. Amanda and Emily conclude that pursuing FIRE really is more about the journey than the destination and all the benefits you experience along the way.