206. How to Save, Invest, and Retire Early

After four years and 210 episodes, Sammie and Michelle have decided to close out the Build A Wealthy Spirit podcast. In this episode, they reflect on the past four years, sharing their favorite memories and the deep gratitude they feel for all of you and everyone who has supported the podcast along the way. It's the end of an era in a beautiful way. Thank you to all of you who have listened to the podcast and joined us for different parts of this journey! Show Notes:Thank you to our podcast mentors! Joe Saul Sehy & Jordan “Doc G” GrumetInterviews mentioned: Areeb, Andrew Johnson, Oz Chen, Nick Gray, Paul Millerd (and Michelle on Paul’s podcast!), Jess, Harris, Rychelle, Debt Free Guys, Doc G#18: FOMO, YOLO and Other Bad Reasons To InvestTop Five Episodes:2: How to Make New Friends as an Adult111. The Great Debate: Sabbatical vs FIRE (Financial Independence Retire Early)112. Deprogramming from a Corporate Mindset105. The Pathless Path with Paul Millerd122. The Art of Planning A SabbaticalBonus - 1: What is Status Post Adulting? Rethink the Status QuoFavorite Personality Tests:The Four TendenciesSparketype AssessmentPersonal ValuesThe Five Love LanguagesMichelle's Writing CoachingFind more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

Show NotesUS Department of Health and Human Services on Surgeon General Dr. Vivek Murthy’s Advisory on the Devastating Impact of the Epidemic of Loneliness and Isolation in the United StatesDr. Vivek Murthy’s discussion regarding the Loneliness Epidemic at Yale School of ManagementFind your local death cafeMeetup.comBumble for FriendsThe 2-Hour Cocktail Party: How to Build Big Relationships with Small Gatherings by Nick GrayNick Gray discussing The 2-Hour Cocktail Party on Build a Wealthy Spirit episode 120Build a Wealthy Spirit’s example of a friend database template on Notion. If you would like your own copy, just click the “duplicate” button in the top right-hand corner of the browser. You will need to have created a notion account to create a duplicate.Build a Wealthy Spirit’s step-by-step guide on How to Build a CommunityCommunity ShoutoutThank you Kendall, Clay and TJ for listening to our episode with Jordan Grumet author of The Purpose Code. You will be receiving a free copy of The Purpose CodeThank you Lucca, Becky, Marina, Paul and Harris for your thoughts on our episode about The Four Tendencies. Speaking of Lucca! If you love creative storytelling, bold ideas, and a touch of daring inspiration, subscribe to Lucca’s new newsletter The Tattooed Ghost. It’s a newsletter packed with unique insights, captivating segments, and a serialized story you won’t want to miss!Thank you Raina for listening to the podcast!Thank you Masha for your thoughts on Deprogramming From the Corporate Mindset. Richa Vadini Singh thank you for listening and your thoughts on our Death Clock Episode!. Michelle's writing coaching: https://personalwritingcoach.com/How Can I Help:Gentle but firm accountability to help you write consistently which includes support in knowing when to push and when to pauseFeedback on your essay drafts included developmental edits and a final polish for each draft Strategies for growing your audience on Substack Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

If you've ever wondered how you can better motivate yourself, this episode about The Four Tendencies is for you! Sammie and Michelle are big fans of The Four Tendencies.  Sammie is an Upholder and is the go to person to get things done, for herself and for anyone in her life. Michelle is a Rebel. She does not like to be told what to do, whether that's from the outside or even listening to herself. They also cover Questioners (needing to know the why) and Obligers (better at meeting outer expectations) in this episode. Sammie and Michelle found that understanding their tendency was a huge key in unlocking their own success.  Take Gretchen Rubin's The Four Tendencies Quiz: https://gretchenrubin.com/quiz/the-four-tendencies-quiz/Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

Jordan "Doc G" Grumet joins Sammie and Michelle to discuss the surprisingly anxiety producing question, "how to find your purpose" and the better way to reframe this whole idea. To Learn More About Jordan "Doc G" Grumet:Jordan’s WebsiteThe Purpose Code by Jordan GrumetTaking Stock by Jordan Grumet Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

Let's talk about financial independence and all the details around saving, investing and retiring early. We believe personal finance should be easy, straightforward and want to help you sort through all the noise out there when it comes to learning how to manage your money. Show Notes:Everyday Millionaires by Chris HoganThe Trinity Study about the 4% RuleThe 4% Rule: The Easy Answer to “How Much Do I Need for Retirement?” by Mr. Money Mustasche List of Index Funds- Charles Schwab Vs. Vanguard Vs. Fidelity: How These Total Stock Market Index Funds CompareVanguard Funds: VTI vs VTSAX Comparison GuideCommunity Shout Outs:Thanks, India for your compliments on our sabbatical episode!Thank you Arul for listening we are excited to hear about your manifestation app and future podcast!Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

Show Notes:Visit the original post for this episode here: 112. Deprogramming From The Corporate MindsetReferenced Piece: Why You Should Take More Time Off from Work by Emma SeppalaCommunity Shout Outs:Thank you Sam for your compliments on our recent episode on A.C.T. The Writing Coaching Program with Michelle 1:1 CoachingWeekly 1 hour sessions to develop your writing strategy, refine your voice, discuss distribution ideas and overcome creative blocks.Writing FeedbackDetailed feedback on 1-5 drafts per month (up to 2500 words each) to strengthen your writing.Growth StrategyActionable tactics to grow your audience across newsletters and social media.Community SupportI'll create a WhatsApp group with everyone who joins so that there is an opportunity to connect with a tight knit group of writers supporting each other's journey.Monthly Group CallsLearn from peers, share wins, and get answers to your writing questions.Ready to transform your writing? Click here Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

Show Notes:Tony Robbins: I Am Not Your GuruHow to calculate FI number and CoastFI number: 165. How Financially Free Are You? The 4 Numbers You Need to Know“Trinity Study” - Retirement Savings: Choosing a Withdrawal Rate That Is SustainableCommunity Shout Outs:Thank you Sam for your compliments on our recent episode on A.C.T. Level Up Your Writing With Michelle Ready to transform your writing? Click here How Can I Help:Gentle but firm accountability to help you write consistently - support in knowing when to push and when to pauseCritical and supportive draft feedback for your essays Strategies to build your online audience authentically 1:1 Coaching: Weekly 1 hour sessions to develop your writing strategy, refine your voice, discuss distribution ideas and overcome creative blocks.Writing Feedback: Detailed feedback on your essay drafts each month (up to 2500 words each) to strengthen your writing.Growth Strategy: Actionable tactics to grow your audience across newsletters and social media.Ready to transform your writing? Click here Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.substack.com

Sammie and Michelle have one mantra that they go to in any time of stuckness and that's A.C.T - action changes things! Even though that's easy to hear and digest as important, it's harder to internalize and put into practice. They dive into the real unexpected benefits of taking action and why you should consider adding it to your own list of mantras. Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

If you ever find yourself anxious about how you are spending your money, this episode is for you! Sammie and Michelle believe tracking your spending is one of the best first steps in taking control of your finances. They will be the first to admit, sometimes they stop the habit and feel the familiar pressure that can come with the uncertainty around where your money is going. They dive deep into how to track your spending, the benefits and why it's actually sexy. Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/

It's giving thanks! Ok, could not resist. This episode, Sammie and Michelle dive into a different take on gratitude through writing a thank you letter to their past self. There are a lot of benefits to a gratitude practice, but we can often forget the person who's done the most for us, ourselves! Our past selves have weathered and grown through tough times. They've created happy moments for us. Sammie and Michelle discuss ways to approach a thank you letter to yourself and share themes from their own letters. You should do the exercise as well! When you do, let us know if something stuck out to you after writing your thank you letter. You can follow our podcast newsletter and leave a comment at buildawealthyspirit.comShow Notes:thank u, next by Ariana GrandeCommunity Shout Outs:Thank you Matt Cyr for your kind words about our podcast and we’re happy to hear you are trying AirHelp out (though not happy to hear you had flying trouble!) Thank you Masha for sharing with us your favorite uses for tools like ChatGPT. We love that you tested out the prompt to ask ChatGPT about your values! Thank you Paul and Harris for sharing your love languages with us! We appreciate all the emails and comments we receive for each episode and love sharing them in the Community Time section of our podcast. Find more show notes and interact with the Build A Wealthy Spirit community at https://buildawealthyspirit.substack.com/