In this episode, we talk with Jesse Cramer about his journey to reaching Coast FIRE, a milestone where existing investments can grow to fund retirement without additional contributions. We unpack how starting early and letting compound interest work over time can create long-term freedom. We also discuss the tension between saving and enjoying life today, especially while managing the realities of family expenses. Along the way, we highlight the importance of financial education and staying flexible as plans evolve. If you’ve ever wondered whether you’re starting too late, unsure how to balance today’s needs with tomorrow’s goals, or questioning what financial independence really looks like, then this episode is for you. 00:00 The Importance of Saving and Compound Interest 02:58 Achieving Coast Fire: Jesse's Journey 06:02 Understanding Investments and Financial Education 09:01 Income Growth and Financial Decisions 11:57 Balancing Spending and Budgeting 14:57 Managing Family Expenses and Lifestyle Inflation 18:03 The Flexibility of Financial Planning 20:54 Generational Wealth and Parenting Perspectives 24:04 Future Goals and Family Focus 27:11 Key Takeaways for Financial Success Resources and Links 📚 📖My new book, "Own Your Time" https://marriagekidsandmoney.com/book 🎙️ Jesse Cramer's podcast: Personal Finance for Long Term Investors 💻 Jesse Cramer's blog: Best Interest Blog 💻 Sponsors and Additional Resources https://marriagekidsandmoney.com/resources 📞Voicemail for Questions: Leave a voicemail at marriagekidsmoney.com/voicemail to have your question answered on the show! 👉Connect with me on social media: LinkedIn: Andy Hill, MKM Instagram and Facebook: MarriageKidsAndMoney Credits Editor: Johnny Sohl Podcast Artwork: Kayli Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices