Summary: Today's guest has an amazing story.<br> <br> Graduated college with a positive net worth? Check. Traveled the world on $50/day? Has helped people pay off over $1M+ in student debt? Check and check.<br> <br> Travis from Student Loan Planner (and Millennial Moola) started like many of us; in the corporate rat race throughout his early 20's, but has since gone on to "retire" early (you'll see why the quotes are there) and start a lucrative and inspiring student loan business.<br> <br> We chat about...<br> <br> How Travis traveled the world for $16k/year<br> The benefits of working corporate (at least for a while...)<br> The ultimate motivation behind Travis's success (hint: he didn't want to go back to full-time work)<br> <br> He drops an insane amount of knowledge bombs throughout the show. Enjoy!!<br> <br> <br> Show notes and links from today's episode<br> <br> Travis's blog(s) - Student Loan Planner and Millennial Moola<br> Mr. Money Mustache - We might actually be referencing this blog every episode. :)<br> Physician on Fire and White Coat Investor - Two great finance blogs for high-earning professionals, specifically in the healthcare arena.<br> <br> Key takeaways from our chat with Travis<br> There were a metric-ton of takeaways from this interview, so bear with us!<br> 1 - Early retirement doesn't have to last forever.<br> When we asked Travis about how he retired at age 25, he made it a point to explain he had only saved up enough money to "not work" for 10 years.<br> <br> Not forever, just 10 years.<br> <br> For those of us considering a career change (or dropout), the question is this: Could we get back to where we are today, should our sabbatical/RE force us to?<br> <br> Most likely, yes.<br> <br> There's a 93.5% chance most of us could jump back into the workforce if we *needed* to. If that's the case, what are we waiting for?<br> <br> (Please don't go rage-quit your day-job tomorrow by the way. It's still an important decision requiring thought, planning, and execution. We're just suggesting a potential reframing of what "retirement" looks like.)<br> <br> Travis on "How to Retire in Your 20s"<br> <br> 2 - Maybe just quit your job for a year?<br> Directly related to the point above...what if you could execute a temporary retirement? This could bring several benefits:<br> <br> It might reveal whether or not true retirement is what you actually want<br> It'd be fun (hopefully?)<br> It'd be easier than ever to return to full-time work if you desired/needed to<br> It'd actually look good on a resume (maybe)<br> <br> You can likely get another job. It might take effort, but you probably could, yes?<br> <br> A one-year mini retirement could be a lot more manageable than full FIRE as well.<br> 3 - Travis's unique budget mindset for full-time travel<br> Spend less than $50 a day. Simple.<br> <br> While staying in areas that cost a bit more, Travis would make up for it by staying longer in cheaper areas (averaging it out). For whatever reason, this seems like a smart way to approach budgeting for long-term travel (relative to your income of course).<br> 4 - Life has opportunity cost as well<br> Would you take this offer?<br> <br> I'll give you a million dollars, but on a 30-year vesting schedule. You're required to work at XYZ company the entire time, and you get $0 if you ever quit.<br> <br> Would you take that deal? Not likely.<br> <br> It doesn't sound appealing in that long-term context, but we opt-in for this every day. It's roughly $33k a year at a "normal" job (simplified of course).<br> <br> According to Travis, we should all think of *life* having an opportunity cost as well: "If you're spending 8-10 hours a day at work unhappy, that's time you never get back."<br> <br> That's powerful,
