Welcome to episode 5 of The Coast FI Podcast, where we'll explore the different options you have once you hit your Coast FI number.

In other words, what changes should you make, if any?

There are three distinct paths available to you when you reach Coast FI, and we'll discuss each one in detail.

We'll begin with the path of least resistance: just keep doing what you're doing.

For some, this is an ideal option since it allows you to accumulate even more wealth and reach financial independence sooner. However, it's critical to consider whether this option is a good fit for you both personally and professionally.

The second option is to downshift your work and enjoy more flexibility sooner. You can reduce your hours or find a job that is more fulfilling, even if it pays less. Downsizing your work can provide more control over your time, even if you haven't achieved full FI yet.

The third and final option is to repurpose your savings while continuing to work and earn the same amount. You could use the extra money to live a more lavish lifestyle, support important causes or set the next generation up for financial success.

It's essential to consider each of these options carefully and determine what is best for you in achieving your goals. In the end, it's possible that you can do everything you want and more while coasting to financial independence.

So there you have it, our discussion on the three different paths you can take once you've reached Coast FI.

Thank you for listening to The Coast FI Podcast, and we hope you gain inspiration and motivation towards achieving financial independence!

Links: 

• Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health

• What is Coast FI: Understanding The Pros and Cons of This FIRE Alternative

At some point on your journey to FIRE you'll cross your Coast FI milestone.

That's the point where if you never saved another dime, you'd still reach financial independence in the future.

In other words, saving is optional, and you're free to work flexibly while building a lifestyle you love.

But why would someone hop off the fast track to FIRE in exchange for the slow and steady Coast FI approach? In this episode I explain why as I try to highlight the key differences between the traditional path to FIRE and this alternative approach.

In a perfect world, we would design our CoastFI plans and execute them flawlessly.

But, the reality isn't so simple.

I've been coasting for around two and a half years and I recently broke my CoastFI plan by taking on more work than I needed and wanted.

But, I was able to fix it, get back on track, and takeaway some key lessons from the experience.