My new Audible course on monetary independence and early retirement!

Nearly two years in the past, I acquired an uncommon electronic mail at an tackle I not often examine anymore. The creator wrote:

I’m writing to you in the present day as a result of The Great Courses in partnership with Audible is exploring the opportunity of making a high-quality collection on Financial Independence. We imagine that you could be be a wonderful candidate to show such a collection. I’ve learn many articles at Get Rich Slowly and I’m all the time impressed by your writing and the way a lot glorious content material you create.

At first, I assumed this was spam. Before I deleted the message, although, I checked the sender. Sure sufficient. The sender (and the message) was legit.

I wrote again:

Thank you for reaching out. I get a whole lot of requests for my time and sometimes flip them down. Not this one. I really feel like it is a terrific concept and well-worth exploring. I’m a long-time fan of each Audible and the Great Courses. I’m not joking.

I included display captures to show that I owned 72 Great Courses and almost 372 audiobooks from Audible. Those numbers have since grown, naturally.

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 May. And final month, in the end, How to Achieve Financial Independence and Retire Early made its means into the world!

FIRE in 40,000 Words

Writing a weblog about monetary independence and writing a course about monetary independence are two various things. A weblog is open-ended. It’s private. It’s casual. But a undertaking for Audible and The Great Courses? Well, that form of undertaking has constraints and requires a special tone.

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

In 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? Because 40,000 phrases is roughly 5 hours when learn aloud. Essentially, my job was to encapsulate an important 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’m not one of the best particular person 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 of us who had 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

In the top, I adopted the next define:

  • Lecture one — What is 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 means. But there are different methods to strategy private finance.
  • Lecture two — The energy of goal. Naturally, I then dive into my pet topic: discovering goal. If you have learn GRS for any size of time, you realize precisely what this lecture accommodates. This is my core message.
  • Lecture three — The energy of revenue. With the philosophy out of the way in which, I discover the numbers behind monetary independence and eaerly retirement. I speak about web price, saving price, and extra.
  • Lecture 4 — Spend much less. The fourth lecture explores frugality and the ability of saving on the massive stuff, reminiscent of housing and transportation.
  • Lecture 5 — Increase your revenue. After speaking about spending, I speak about revenue. While a lot of the materials on this course is new, this explicit lecture sticks intently to my regular speil about incomes extra. (But with extra sources included.)
  • Lecture six — Your wealth snowball. Once I’ve defined how the hole between incomes and spending creates a “profit”, I then share one of the best methods to utilize this revenue: a debt snowball (should 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, essentially the most tough to put in writing. How within the hell do you compress all of investing into 4000 phrases? It cannot be carried out — however I attempted. (And then I despatched folks to learn The Simple Path to Wealth by J.L. Collins haha.)
  • Lecture eight — How a lot is sufficient? Next, I discover the components that have an effect on how a lot it’s essential save for retirement, together with life expectancy, inflation, withdrawal charges, and extra.
  • Lecture 9 — Barriers on the street to monetary independence. I spend the ninth lecture addressing issues that folks encounter once they pursue monetary independence — and providing doable options to these issues.
  • Lecture ten — Building 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.

Because of the constraints of this undertaking, I could not cowl sure pet matters of the FIRE group: journey hacking (which truly has zero to do with FIRE anyhow), well being care (which is essential!), backdoor Roths, etcetera. Nor might I dive deep into any given matter. There simply wasn’t house.

In the top, although, I’m happy with the course I created. To my thoughts — and I do know I’m biased — this undertaking is one of the best introduction to monetary independence and early retirement out there. I’m not joking.

If you need to share this idea with mates or household, I imagine this course is an effective way to do it.

An Intro to FIRE

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

I’m a talkative fellow, however I’ve by no means needed to truly learn for hours on finish. It’s tougher than you would possibly count on. By the top of the second day, I felt like my mouth was stuffed 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 greatest concern was that folks would hate my “performance” of the stuff I’d written. Much to my shock, that hasn’t been the case. In truth, my efficiency is the highest-rated a part of the course. Whuh?!?

Current ratings for my course

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

Your Money: The Missing Manual was launched on 01 March 2010. In the eleven years since, the ebook has acquired 86 rankings at Amazon. How to Achieve Financial Independence and Retire Early was launched on 16 February 2021. In the 5 weeks since, the course has acquired 77 rankings at Audible.

What amuses me, although, is that the breakdown of those rankings is sort of equivalent. Take a glance:

Consistency!

Consistently, 5% of parents don’t love my large tasks. Another 5% discover them to be meh. And — thank god — 90% appear to love them.

Anyhow, my Audible course is out! I’m happy with it. I believe it is a wonderful 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 folks, I’d be remiss if I did not level out that I first explored these primary concepts in The Money Boss Manifesto, which stays out there as a free PDF. The Audible course is way more 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.