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Kristy Shen and Bryce Leung are the dynamic duo behind the Millennial Revolution blog and movement. In this insightful episode, Kristy and Bryce discuss their journey from house-hunting to achieving Financial Independence (FI) and retiring in their early 30s. They delve into why they chose to reject traditional housing and career advice, their innovative 'POT Score' (Pay Over Tuition) method for evaluating education costs, and how they handle investments to maintain their FI lifestyle—despite new challenges like parenting. Discover their interesting perspectives on scarcity vs. abundance mindset, and how the FIRE approach has impacted their personal lives, relationships, and travel adventures. This episode is packed with financial wisdom and real-life experiences that will inspire late starters and aspiring FI enthusiasts alike.

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🕒 Time stamps:                     

00:00 The Unexpected Path to Financial Independence

00:24 Challenging Traditional Financial Advice

02:20 Introduction to the Guests: Christy Shen and Bryce Leung

04:53 Parenting and Financial Independence

05:52 Financial Strategies for Raising a Child

07:19 The Importance of Geographic Arbitrage

09:42 The Pay Over Tuition (POT) Score Explained

12:14 Balancing Financial Independence with Family Priorities

17:36 The Impact of FIRE on Personal Relationships

19:08 Scarcity Mindset as a Superpower

25:52 Overcoming the Fear of Investing

28:15 Investment Strategies for Canadians

34:07 Mitigating Sequence of Return Risk

36:32 Navigating Early Retirement Challenges

38:50 Understanding Yield Shield Components

45:57 Philosophy on Housing and FIRE

50:46 The Rule of 150 for Housing Costs

56:09 Adapting and Overcoming Challenges

01:00:19 Diversity in Books and Personal Finance

01:03:14 Final Thoughts and Reflections

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.