We Achieved Coast FIRE! How We Saved $500k by 40

👉 Find out if you’ve reached Coast FIRE with our free calculator: https://MarriageKidsandMoney.com/calculators/coast-fire What is Coast FIRE — and how much do you really need to reach it? In this video, I share how our family hit Coast FIRE with $500,000 at age 40, what that means for our financial independence journey, and how you can calculate your own Coast FIRE number. Coast FIRE happens when you’ve invested enough in retirement accounts that you can stop (or slow down) contributions and still retire comfortably in your 60s thanks to compound interest. I’ll explain how we reached this milestone, what life looks like after Coast FIRE, and the choices you can make when you no longer have to aggressively save for retirement. If you want to know whether you’re on track, check out our free Coast FIRE calculator here: https://MarriageKidsandMoney.com/calculators/coast-fire CHAPTERS 00:00 – What is Coast FIRE? 01:10 – How our family reached Coast FIRE by 40 02:15 – Projected growth of $550k at retirement 03:00 – Life after Coast FIRE: Options with your money 03:30 – Vacations and lifestyle upgrades 04:35 – Home and car upgrades 05:20 – Paying off the mortgage early 06:10 – Designing a new lifestyle and flexible work 06:50 – Giving more and prioritizing generosity 08:00 – How to know when you’ve reached Coast FIRE 08:40 – Annual expenses: Why they matter 09:10 – Retirement age and your Coast FIRE timeline 10:10 – Using calculators to test your Coast FIRE number 11:25 – Closing thoughts and next steps #CoastFIRE #FinancialIndependence #MarriageKidsAndMoney _____ MARRIAGE KIDS AND MONEY: This award-winning YouTube channel is dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and work optional parents to inspire you to do the same. BIO - ANDY HILL: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing in his hammock. ✅ CONNECT WITH US Pre-Order My Book "Own Your Time": https://marriagekidsandmoney.com/book Follow On Instagram: https://instagram.com/marriagekidsandmoney Read our Blog: https://marriagekidsandmoney.com Listen to our Podcast: https://marriagekidsandmoney.com/podcast-archive/ Subscribe to my YouTube channel today to strengthen your family tree and live financially free! HOW WE MAKE MONEY & DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Research & Writing: Andy Hill, AFC® Video Editing: Hinz Video Thumbnail: Ardi, The Thumbnail Wiz Channel Management: Kayli Groves