Review of: ‘Quit Like a Millionaire’
I heard about Kristy Shen’s book “Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required” on a podcast called “ChooseFI | Financial Independence Podcast” last week and immediately fell in love with her writing style. She tells her personal story from growing up in poverty to retiring at the age of 31. Her book literally gives you step-by-step instructions on how she and her husband retired. Yes, they did it in about 6 years but depending on your own personal level of income and adaptability, you can still do it before the “official” retirement age.
What is even more wonderful is that in some of her tips, she actually requires travel to cut living expenses. Living in a 2 bedroom house with a swimming pool for under $300 USD a month (in Thailand)? A dinner out with your significant other for under $10? Health insurance for around $150 a month? Working a side hustle in all of your spare time just for fun? Yes, these are things.
I kind of obsessed over her book. Like usual, I downloaded the audio book from my library app. Then wanting to see the detailed charts, I downloaded the eBook. Now, I want the actual ‘Quit Like a Millionaire‘ book in my hands to make it easier for me to create my own guide so of course, I ordered it. The brilliance is that her plan is replaceable. It was not based on buying Google stock when it was at $20 per share or creating tax shelters in foreign countries. It was simple math, broken down into a way to be easily understood.
If I can learn how to retire early and set myself up for financial security for the rest of my life from ‘Quit Like a Millionaire’, I am going to do it. If I only have to rely on myself to be financially secure for the rest of my life, I am going to do it. If I can show others a way to be financially secure for the rest of their lives, I am going to do it.
Now, I am probably not going to up and move to Singapore tomorrow but the insight that this book revealed was truly remarkable. I will definitely take pieces of her plan and integrate it into my own.
Click here to check out her book on Amazon.
From two leaders of the FIRE (Financial Independence, Retire Early) movement, a bold, contrarian guide to retiring at any age, with a reproducible formula to financial independence.
Kristy Shen retired with a million dollars at the age of thirty-one, and she did it without hitting a home run on the stock market, starting the next Snapchat in her garage, or investing in hot real estate. Learn how to cut down on spending without decreasing your quality of life, build a million-dollar portfolio, fortify your investments to survive bear markets and black-swan events, and use the 4 percent rule and the Yield Shield–so you can quit the rat race forever. Not everyone can become an entrepreneur or a real estate baron; the rest of us need Shen’s mathematically proven approach to retire decades before sixty-five.
