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How Purple Achieved Financial Independence and Retired at 30 | APurpleLife
Manage episode 421805589 series 3437208
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#73: In this episode of Money Noticias podcast, Sunem and Israel interview “Purple” from APurpleLife.com retired at 30 in 2020. She's a black woman who worked in marketing and started writing about her journey to financial independence in 2015. She was able achieve her goal quickly by tripling her income through job hopping and halving her spending with domestic geo-arbitrage while increasing her standard of living. She’s currently traveling the world while living a nomadic life and enjoying hobbies such as birdwatching, stargazing and writing.
Episode Takeaways:
- Financial independence is about having enough money to not have to work again if you don't want to, and it's important to figure out how much you need to be happy and safe.
- Job hopping and increasing income can significantly impact your journey to financial independence, allowing you to retire earlier.
- Retirement doesn't have to be boring; exploring hobbies, traveling, and living a nomadic lifestyle can bring fulfillment and joy.
- It's essential to find a balance between saving aggressively and enjoying life to avoid feeling deprived or burnt out.
- Being open to change and living in the present can lead to unexpected opportunities and experiences in the future.
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