Can I Afford to Work Part-Time?

Can you afford to work part-time? And how do you know when you’ve saved enough for retirement?

In this episode, we answer two listener questions that get to the heart of what financial freedom can actually look like for families.

First, we hear from Sarah, who is expecting her first child and considering moving from full-time work to part-time. We walk through four questions families can use to decide whether working less is financially realistic, including understanding your true monthly expenses, evaluating your financial foundation, accounting for benefits and healthcare, and deciding what that extra time is worth to your family.

We also share how we gradually moved toward part-time work in our own family and why financial independence doesn’t necessarily have to come before you start owning more of your time.

Then, we hear from Matt, who has spent years aggressively investing for retirement but is wondering when enough is actually enough.

We discuss how to define a comfortable retirement lifestyle, use Coast FIRE projections to understand whether you’re on track, and recognize the opportunity cost of continuing to invest every available dollar for future you.

Because building wealth matters. But so does using the wealth you’ve already built to create a better life today.

Resources:

Boldin Retirement Planner:https://marriagekidsandmoney.com/boldinBuild your retirement plan, test different scenarios and see whether you’re on track. Try Boldin for free. (Affiliate partner)

Coast FIRE Calculator:https://marriagekidsandmoney.com/calculators/coast-fire/

Own Your Time:https://marriagekidsandmoney.com/book

Leave Us a Voicemail:https://marriagekidsandmoney.com/voicemail

Credits:

Host: Andy HillEditor: Johnny SohlPodcast Support: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices