Welcome to Episode 34 of the Rational Reminder Podcast. Today on the show we are joined by Jonathan Chevreau who is the founder of Independence Hub. He has authored and co-authored many books and has contributed to The Globe and Mail, The Financial Mail, and Money Sense. Jonathan is here today to talk about financial independence and having that “findependence” while still being extremely engaged in things that you enjoy doing. He also shares with us why your aim shouldn’t be retirement and what he means by a victory lap. We also dive into the role that media plays in investor behaviors and exactly what Jonathan defines as a success life. Jonathan’s insights on financial independence alone are incredibly valuable, and anything on top of that is simply a bonus! So, for an incredible conversation, be sure to join us!

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Key Points From This Episode:

• How the perception of retirement is changing. [0:02:20.9]
• Understanding The Victory Lap Retirement. [0:04:13.2]
• Why financial independence and retirement aren’t the same thing. [0:04:40.0]
• When it is time to consider the full stop retirement. [0:06:47.0]
• Jon’s views on the FIRE movement (Financial Independence, retire early). [0:07:52.0]
• The importance being on the same page as your spouse. [0:12:02.0]
• How paying off his mortgage early on was highly beneficial for Jon. [0:14:53.0]
• Investing in real estate as a source of income. [0:16:20.0]
• Where annuities should fit into your long term plan. [0:18:08.0]
• ETF’s and how they have affected the way people manage their investments. [0:22:20.0]
• Being aware of inflation during your victory lap phase. [0:24:09.0]
• Hear more about the role of media in investor behavior. [0:26:20.0]
• Jonathan’s definition of success in his life. [0:29:12.0]
• And much more!

Tweetables:

“It’s not about the money, it’s about routine, structure, purpose, having a vision, having dreams.” — @JonChevreau [0:10:00.1]

“The activities may be the same, you just no longer obsessed with cutting invoices.” — @JonChevreau [0:11:50.1]

“Money alone is not enough.” — @JonChevreau [0:30:44.1]

Links From Today’s Episode:

Rational Reminder Website 

Jonathan Chevreau – http://findependencehub.com/ – Twitter –  LinkedIn 

Moneysense — https://www.moneysense.ca/
Findependence Day — http://www.findependenceday.com/cms/
Victory Lap Retirement — http://victorylapretirement.com/
Encore by Michael Freedman — https://encore.org/
Fire hub — https://firehub.eu/
Howard Shultz — https://www.howardschultz.com/
David Chilton’s famous book, The Wealthy Barber — https://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116
David Pax — https://davidpaxauthor.com/
Unconventional Success — https://www.amazon.com/Unconventional-Success-Fundamental-Approach-Investment/dp/0743228383
iShares — https://www.blackrock.com/corporate/ishares-global
Enough by John Bogle — https://www.amazon.com/Enough-True-Measures-Money-Business/dp/0470524235

Download the transcript of this episode:  The Rational Reminder Podcast Ep.35 – Transcript