Our guest on the podcast today is Bill Yount. Bill is a practicing emergency physician. He’s also co-host of a podcast called Catching Up to Fi, where he and Jackie Cummings Koski discuss pursuing financial independence later in life. Bill received his bachelor’s degree from Duke University, his doctor of medicine degree from the University of North Carolina at Chapel Hill, and completed his residency in emergency medicine at Northwestern University.

Episode Highlights

00:00:00 From a Scarcity Mindset to the Hedonic Treadmill

00:10:04 The Wake-Up Call: Burnout, Lawsuits, and Turning 50

00:11:05 Finding FIRE Late: Catching Up to Financial Independence

00:13:44 Budgeting, Downsizing, and Boosting Savings Rates

00:20:56 Landmarks on the Way to Financial Independence

00:25:50 Life Planning, Risk Parity, and Calibrating Safe Withdrawals

00:34:51 Achieving FI and Knowing When It’s Time to Retire

00:43:44 Building Generational Wealth, Giving Early, and Advice to Late Starters

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If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com.

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Bill Yount: How Late Starters Can Find Financial Independence

The Long View

Bill Yount: How Late Starters Can Find Financial Independence