38: Pre-Financial Independence

Pre-Financial IndependenceDo you wish you could work a little bit less or go part-time, but worry about not being able to retire if you do so? This is one of the most common things I hear from the clients that I work with, and I find that what most people don’t know is that they can actually cut back a lot sooner than they think.

You might think your that retirement accounts must reach a magical number of financial independence to do so. There are many rules and calculations that go into reaching this number so that you don’t run out of money in retirement, but I want to offer today that you don’t have to wait until you get to that number to start cutting back. 

Join me this week as I introduce you to the concept of pre-financial independence, and share why I believe it’s better to focus on figuring out what this number might be for you, rather than trying to get to the mysterious finish line where you can finally quit medicine.

If you’re ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You’ll Learn from this Episode:

  • What the 4% rule means in the context of financial independence. 
  • Why I believe it’s better to focus on your pre-financial independence number rather than your financial independence number. 
  • How to calculate your pre-financial independence number.

Listen to the Full Episode:

Featured on the Show:


Get our guide

Sign up to learn the 5 Money Myths Keeping You From True Wealth — so you'll never fall for them again.