Six Important Reasons to Reconsider Early Retirement

Today on episode 65 I’m revisiting a post published almost exactly two years ago. At the time of writing, I’d been away from my corporate job for eighteen months. I spent six months of that time living in a tiny A-frame camper with my wife and dog before resettling in the St. George, Utah area.

I was climbing a lot and working on this website, but I can now comfortably admit that I was in a bit of a low spot in terms of overall life satisfaction. The issue was one of expectations. In other words, I expected too much about a life without my career and I took for granted elements of my work life that enhanced life satisfaction. I was feeling stale with this project—I wouldn’t start the podcast until late summer—and despite having all the time in the world to dedicate to the craft of climbing, I was slowly coming to the realization that I’d used climbing as an attempt to fill a void that was not yet clearly defined or outlined.

Two years later, I’ve spent considerable time addressing each of the areas discussed in this post, to varying degrees of success. Stay tuned in the coming weeks and months for other changes still ongoing.

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Jeff and Priti Wright: You Might Need a Sabbatical

Today on episode 64 I’m excited to welcome Priti and Jeff Wright, two accomplished young professional alpinists from Seattle, WA. In 2020, Priti, a software developer, and Jeff, a mechanical engineer at Boeing, embarked on a year-long sabbatical to travel across the globe and climb alpine objectives in Patagonia, France, and Pakistan, finishing by the beach in Hawaii.

The trip was wildly successful, even amid the raging pandemic, including ascents of the Cerro Torre, the six classic North Faces of the Alps in a single season (including the Eiger North Face in winter), culminating in the first ascent of K6 Central and the third ascent of K6 West—both 7000+-meter peaks—in the Karakoram Range of Pakistan.

In contrast to early retirement, Priti and Jeff make the compelling case for a traditional career peppered with sabbaticals. This episode is filled with lifestyle and career philosophy, planning concepts, detailed financial considerations, and just a damn good time. And they are even planning their next sabbatical in 2024, which will look drastically different than their trip in 2020. You won’t want to miss this one.

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Heather Larsen: Risk And Reward In Outdoor Careers

Today on episode 61 I’m pleased to welcome Heather Larsen, pro slackliner and climber and lover of southern Utah’s desert heat. What is probably less known about Heather is that, following humble beginnings, she graduated at the height of the Great Recession with a double major in finance and economics.

In the intervening years, she struggled greatly to find work in her field, even competing for bank teller jobs with 20-year finance veterans. Out west she found work in seasonal park service positions, growing more and more fond of the outdoors, eventually discovering climbing and slacklining.

Heather could have easily fallen into a mindset of defeat. But with persistence, she was eventually able to secure a career in financial reporting, enabling her preferred lifestyle balance of elite outdoor adventure and self-made financial security.

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What You Need to Know About Financial Advisors with Chris Mamula

Today on episode 60 I’m pleased to welcome back Chris Mamula, who you may recall from episode 3. Chris is a writer, author, and partner at CanIRetireYet.com, who achieved financial independence at age 41 to pursue a life centered around family and the outdoors.

Beginning in early 2022, in search of a new challenge, Chris completed the education and exam necessary to become a Certified Financial Planner (CFP). Two questions emerge from this development:

  1. Why would someone who theoretically doesn’t need to work begin a new career?
  2.  How can someone who harbors admittedly dogmatic views against the financial advice industry find a comfortable home working in this field?

Today we discuss the different kinds of financial advisors, the nature of complex incentives in professional financial advice, Chris’s recommended approach to choosing a financial advisor, and so much more about behavior, psychology, and the tangled emotions of money management.

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Brent Barghahn: Real Estate Investing and the Future of Home Ownership

Today on episode 59 I’m pleased to host Brent Barghahn, a 29-year-old elite climber who used real estate investment as a way to effectively “retire” from his career as an engineer in the outdoor industry in his late twenties.

Brent and I discussed a fascinating reality on the idea of dream jobs, the growing trend of short-duration careers (and what that means for society), and of course many details on Brent’s path to financial strength and community building through his preferred method of real estate investment. Of course, though, I wanted to discuss the stark differences in today’s high interest rate and sky-high price environment, which has changed markedly in the last year. It begs the question: can someone still be successful as a real estate investor today? I have my concerns, so we aired out some of them in today’s episode.

Finally, we take an interesting look at the realities of full-time climbing and why Brent has found he needs more. Also, Brent and I admittedly harbor negative sentiments on the world of social media, especially in climbing. What narratives and stories are being missed by the modern form of shallow media consumption?

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Lean Out: The Achievement Paradox with Dawn Baker

Today on episode 57 I’m pleased to welcome Dawn Baker, a board-certified anesthesiologist, wife, mother, climber, coach, and now the author of a new book about the perils of, as she puts it, an intense need to achieve. And Dawn has walked the walk. After years of hard-driving pursuit of linear improvement in both career and climbing, she suffered crushing fatigue and malaise, and ultimately faced a major health crisis during her residency. If that wasn’t enough, she was then plagued with infertility problems. The result was expensive and demoralizing rounds of in-vitro fertilization, an approach that ultimately proved successful and led to the birth of her daughter.

The need for achievement and success is so pervasive in our culture. And this interview is not just for downtown or medical center careerists. This is as much a discussion of climbing and our hobbies, which can so often derail into something quite different from our original healthy and recreational pursuits.

Today, Dawn’s life with her husband and daughter is so different. Through evaluation of her core values, married with a strong financial position, she now works “very part time,” and has moved with her family to a homestead in the high plateaus of southern Utah. But in choosing to step away, or lean out, as Dawn says, we risk our position and standing in the social hierarchy. This is much a discussion of status as it is of lifestyle.

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Five Lessons from Three Years of Financial Independence

One evening, circa 2011, I sat over dinner with my future wife in our small and sweaty Houston, TX rented bungalow. I was and still am an occasional cheap bastard, so the air conditioning was almost certainly set to engage on an “as-needed” basis, far from anything resembling comfort. The concept of financial independence wasn’t on the radar.

During downtime at work—I told you I was distracted—I was scouring numerous free WordPress blogs documenting the travels of zealous climbing dirtbags. They were camping and climbing and making whatever money they needed along the way. People were even starting to live and travel in vans, something I associated with sixties and seventies surfer culture. I wanted that life.

At this point in my late twenties, I was maybe barely a year into my career as a geologist in the oil and gas industry. But I could see the writing on the wall—this would not and could not be my career for the next 35-40 years. In fact, at that moment, I couldn’t see myself lasting my target three to five years until I expected to return to school for a career in academia. And there was a new problem: I’d kind of grown obsessed with this new hobby of rock climbing.

Twelve years later, I finally found a very different path to a life of freedom, if such a thing even exists. After three years of financial independence, what follows are some key lessons I’ve learned along the way.

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Darrow Kirkpatrick: Beyond Doubt on the Colorado Trail

Today on episode 55 I’m honored to welcome Darrow Kirkpatrick, former engineer, climber, investor, author, and the creator of the popular blog CanIRetireYet.com. Darrow began serious saving and investing in his mid-30s and retired at age 50 in 2011 from a career in software engineering.

In this wide-ranging interview, we explore why Darrow stepped away from personal finance writing after creating a popular blog, his adventures on the Colorado Trail and the inspiration for a memoir, and the journey and struggle to finding meaning and purpose at any stage in life.

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The Power of the Four-Hour Work Day (even in retirement)

We live in a distracted world where depth of investigation is discouraged. Despite increases in scientific spending, the number of publications, or the amount of PhDs being awarded, major discoveries in science and engineering have declined significantly in recent decades. The new-music market is shrinking, and old hits are dominating. We are working more days and longer hours, but US productivity growth is way down. A society that produces meaningful output is a healthy society, but meaningful output is arguably on the decline in many fields.

I argue that distraction and “noise” are key inhibitors to a healthy and progressing society. In the nearly three years since I quit my job, I’ve been forced to examine my strong tendency toward distraction. What follows is a discussion of methods that I’ve found incredibly useful in retraining my brain for deep and focused work and why that matters so much today. Our peak potential resides in no more than four hours per day.

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Lee Cujes: No Free Lunch on the Life We Really Want

Today on episode 53 I’m pleased to welcome back Lee Cujes, this time as a podcast guest. Some of you may recall the written interview with Lee back in late 2020. Lee is an elite Australian climber and route developer, with multiple 5.13+ and 5.14 first ascents to his name. But most importantly as it relates to this platform, Lee has managed to climb and develop routes continuously while carving a unique career niche and embracing a long-term investing strategy, an approach that provides the ultimate work and life balance.

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