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Speaker 1: This is the Fits In with Kate Richie podcast.

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Speaker 2: Interesting article that was in The Australian recently. The headline

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Speaker 2: is the growing trend of retiring early and dying with zero.

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Speaker 2: First of all, the timing to do that. I mean,

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Speaker 2: it gets me down a little bit when you do

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Speaker 2: hear stories like that. But you know what, there if

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Speaker 2: it's your life, this is the thing. A lot of

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Speaker 2: people out there don't have children. What a lot of

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Speaker 2: people out there that don't want to pass anything down

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Speaker 2: to their children. But there are it seems to be

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Speaker 2: in Australia that there's a lot more people Kate that

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Speaker 2: are retiring early, doing the things that they want and

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Speaker 2: dying with nothing in the bank.

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Speaker 3: Yeah. But I also think there's I was talking to

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Speaker 3: someone about this recently. I think some people are retiring

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Speaker 3: early against their will, getting sacked, kind of being made

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Speaker 3: to retire.

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Speaker 1: Well the older people can't find work. Yeah, seeing fits

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Speaker 1: a lot of and I quite like this idea families

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Speaker 1: getting together and saying, okay, well in ten years time,

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Speaker 1: mom and dad, you're probably going to die, so we're

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Speaker 1: going to get your cash. So as a family, why

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Speaker 1: don't we spend that inheritance? Now? Why don't we with

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Speaker 1: whatever's coming do something together which is special for everybody

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Speaker 1: right here right now.

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Speaker 3: For so that's if you've got extra cash, ye it is, Well.

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Speaker 2: This is the thing. It's a big call, and it's

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Speaker 2: it's not like you've got a Heber money up your.

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Speaker 1: Sleep or your super may have come through and you've

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Speaker 1: got a little bit in the tank. You've worked your

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Speaker 1: bum off all those years.

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Speaker 2: But that's what you're supers for. Your supers is to

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Speaker 2: see your last few years of your life out.

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Speaker 1: But they're saying instead of leaving anything, let's just get

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Speaker 1: on together and burn it as we go.

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Speaker 2: What what are you talking about? This is I worry

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Speaker 2: for my parents because this is the thing that they've

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Speaker 2: got their super now. But the fire movement as it's called,

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Speaker 2: which is financial independence retire early, is really coming into

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Speaker 2: play and the people out there that are going, I

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Speaker 2: think the biggest thing. You've actually got to sit down

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Speaker 2: and think to yourself. If I retired right now, what

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Speaker 2: do I have to live on a day to get

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Speaker 2: through to the end of my life? And what sort

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Speaker 2: of age are you looking at here, Kate? Are you

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Speaker 2: looking in your eighties or your nineties?

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Speaker 3: When are you going to I know you'd like to

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Speaker 3: think that you might live to one hundred, but it

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Speaker 3: can all end tomorrow, and if you're not well, perhaps

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Speaker 3: you don't want to go on that far.

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Speaker 1: Do you know? The thing is too like when you

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Speaker 1: get older and you'll go to your doctor and the

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Speaker 1: doctor will say, hey, mate. The number one thing that

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Speaker 1: you can do to keep yourself alive is stay active

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Speaker 1: and busy and interested because the minute you switch that off,

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Speaker 1: your brain starts to slow down and you will decline rapidly.

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Speaker 1: You must remain interested.

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Speaker 2: You could travel, You could buy yourself a caravan, sell

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Speaker 2: the family home and buy caravan and travel around Australia,

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Speaker 2: or you could do any of that. Thing. The scary

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Speaker 2: thing is, I think for a lot of people, is

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Speaker 2: that you can't time it and you things go wrong.

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Speaker 2: There could be you don't have your insurance anymore, or

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Speaker 2: you know, something might get burnt down. Imagine if you

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Speaker 2: got to the age of seventy five and you burnt

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Speaker 2: through all your money. It's not like you can go

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Speaker 2: and get another job to keep yourself going.

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Speaker 1: I mean, I don't know about if Kate's aware of

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Speaker 1: this fits, but you've actually got a condition called Graves disease. Now,

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Speaker 1: I've never heard of a worse name disease in my life.

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Speaker 1: No fits, he's got Graves disease.

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Speaker 2: I don't anymore. Great, I did have it, which is

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Speaker 2: your thyroid? And it was and the doctor that discovered

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Speaker 2: it was doctor Graves, was it? And unfortunate name. We

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Speaker 2: did this the other day.

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Speaker 3: Sorry, the guy that discovered it years ago not discovered

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Speaker 3: your version.

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Speaker 2: Not no, no, no, no, pete no. Peter Graves was

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Speaker 2: not not a mate of mine. I just you know,

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Speaker 2: you thought about getting your thyroid check out?

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Speaker 1: Hey, Andrew in PARAMOUNTA, thanks for calling. What do you think?

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Speaker 1: Do you want to retire early or spend the cash

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Speaker 1: with the family or.

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Speaker 3: Oh, I'm definitely.

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Speaker 2: Retiring early and it's news that money in trouble with

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Speaker 2: my family? Make memories what I'm alive? So, Andrew, have

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Speaker 2: you picked an age?

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Speaker 1: Is there?

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Speaker 2: What are you thinking?

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Speaker 3: I'm thinking fifty fifty? Yeah, you must have worked your

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Speaker 3: way into a nice position though.

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Speaker 2: In twenty nine? Are you're twenty nine? But you you're

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Speaker 2: is that you're going to work your butt off until

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Speaker 2: fifty and then you're going to you sort of you've

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Speaker 2: worked it out that you'll be able to survive for

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Speaker 2: the rest of your life. Andrew. Yeah, that's my plan.

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Speaker 3: Yeah, that's that's what ten years away.

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Speaker 1: I think that's good because it's different. It's so different

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Speaker 1: these days. And Andrew's young, and he's going to have

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Speaker 1: all sorts of hustles on the go. He won't have

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Speaker 1: a full time job, and he'll make more money than

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Speaker 1: anybody with his hustles. I've got a guy. I got

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Speaker 1: a fourteen year old kid down the street who's gurning

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Speaker 1: my driveway today for a hunjie. See yeah, it's just

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Speaker 1: it's just got a side hustle what.

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Speaker 2: I've got a quote for. And it was awesome paying

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Speaker 2: a kid one hundred bucks to gurney your drive I

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Speaker 2: think it's your kids to do it.

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Speaker 1: No, that's you're missing the point. He's created a side

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Speaker 1: hustle and I want to support him.

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Speaker 3: It's kind of cool.

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Speaker 1: He's door knocking for work, like, good on him a crack.

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Speaker 1: I mean, if he doesn't do a good job, I

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Speaker 1: won't pay him. He misses the edges, sorry, mate.

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Speaker 3: You could give him your books, but you'll.

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Speaker 1: Get an education there now. Ten dollars at the far

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Speaker 1: two personal trainer dot com. It's Whipper with Kate Ritchie

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Speaker 1: is a Nova podcast walk great shows like this. Download

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