TRL 088: From Financial Independence & Early Retirement to Digital Nomad with Eric Richard
Today on the podcast I am joined by Eric Richard, the founder and host of Nomad on FIRE a podcast focused on the intersection of the digital nomad and FIRE (or Financial Independence, Retire Early) movements. Eric first heard about the concept of FIRE in 2015 and by July 2015 achieved what is referred to in the space as leanFIRE.
After achieving FIRE Eric decided to sell all his possessions and get rid of his apartment in order to live as a digital nomad. In this interview, Eric and I talked about what exactly FIRE is and how he was able to achieve it in 4 years earning a regular salary when it takes most people decades to reach financial independence. We also discussed his experience living as a digital nomad and his advice for nomads who want to reach financial independence.
What You’ll Learn
What does financial independence mean?
The difference between “lean” FIRE and “fat” FIRE.
How Eric achieved FIRE in just 3 short years
- Why Eric decided to become a digital nomad after achieving FIRE
Good tools or systems for managing finances?
Eric’s thoughts on Crypto currency
Resources
- Nomad On Fire podcast
- “The 4 Hour Workweek” by Tim Ferriss
- “I Will Teach You To Be Rich” by Ramit Sethi
- Ramit Sethi Money Dials Concept
- Personal Capital
- Mint
- Listen Money Matters podcast
- Wealthfront
- Betterment
- Eric on Instagram
- Choose FI Podcast
- FIRE Drill Podcast
- The Mad FIantist Podcast
- Mr. Money Mustache Blog
- Millennial Revolution Blog
- Mr. Free at 33 Blog
- Nomad Numbers
Thanks for Listening!
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