Is Coasting to Financial Freedom Truly Liberating?

Imagine waking up without the dread of grinding through a nine-to-five job. Sounds dreamy, right? This is what many people within the financial independence community strive for when they aim for coast FIRE.

Let's explore what reaching this state might actually feel like. Is life really that different when you no longer have to worry about saving for retirement after hitting this milestone?

Understanding Coast FIRE

First, let's define coast FIRE. It essentially means you've done the heavy lifting early in your career and built up enough savings and investments that they can grow on their own until you retire — all without additional contributions. Your future retirement is financially secure. Now, you only need to cover your current living expenses.

The Emotional Impact of Coasting

The transition to coasting can be liberating and terrifying at the same time. One friend shared that after she reached her target, it felt as if a massive weight lifted. Work became a choice rather than a necessity. But along with freedom came unexpected challenges — mainly about filling newfound time meaningfully.

Adjusting to the New Normal

Suddenly, your schedule opens up, and you could be asking: "What do I do now?" Here's how some people fill their time:

• Explore hobbies neglected due to work commitments.
• Spend quality time with family and friends.
• Travel more frequently.
• Pursue part-time or volunteer work that they're genuinely passionate about.

Does Coast FIRE Deliver Fulfillment?

Anecdotes vary, of course. One person may find joy in the leisure it provides, while another might miss the structure and goals a career offers. The key lies in understanding your own needs and desires, and whether financial freedom aligns with them.

Conclusion: Is Coasting for You?

Ultimately, coast FIRE presents a mix of flexibility, financial security, and emotional adjustments. It’s not a one-size-fits-all solution, but rather another pathway to explore on the journey to personal fulfillment and financial independence.

Would achieving coast FIRE change your life for the better? What would you do differently if living costs were your only financial concern?