#10 – Part-time your way to FI

part-time, BARISTA FIRE

In this episode, the Mechanic, the Accountant, and the Economist discuss BaristaFIRE. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.

Beer #1 – Windstorm West Coast Pale Ale – Brewed & Bottled in Vancouver, B.C. by Stanley Park Brewing [0:47]

Interesting Article [2:40]

BaristaFIRE [6:42]

  • Working for benefits and insurance [7:00]
  • Dress rehearsal for FIRE [8:20]
  • Got to have F.U. money [11:30]
  • What is Barista FIRE/Barista FIRE vs Subsistence Working [12:50]
  • Barista FIRE choices (1) Keep your current job (2) move to a labour of love [14:00]
  • 3 things we want in our jobs are: Mastery, Autonomy, and Purpose [14:15]
  • Lifestyle decision [15:20]
  • Definition of Barista FIRE [16:00]
  • Opportunity to crush side hustles [19:35]
  • Continuum to FIRE [20:35]
  • Don’t stay in a job you hate to get to FIRE [24:10]
  • Episode 641 of Radical Personal Finance – at about 25 minutes: “this is the time: things are good, if they are not good for you, make sure you know why” [25:35]
  • Choosing your part-time job based on perks [28:15]
  • Changes your sequence of return risk [35:05]
  • You don’t have to reach FIRE to enjoy the benefits of FIRE [37:25]
  • We’re terrible at making guesses about our future selves [38:05]
  • Tontine [39:10]
  • Going back to school? [40:05]
  • FI is Entrepreneurship for Pansies (EFP) [40:52]

Beer #2 – Steamworks Pale Ale – Brewed & Bottled in Vancouver, B.C. by Steamworks [28:55]

Deep Dive – How long will the decision to work part-time delay my timeline to FIRE? [31:55]

  • If you have $500,000, need $1,000,000 to reach FIRE, and are saving $25,000 per year, then at an average return of 6 percent, you are about 7.5 years until you have reached FIRE.
  • If you move to Barista FIRE and earn an equivalent amount to your expenses, letting your investments grow you will reach FIRE in about 12 years – 4.5 years longer than if you had continued to save $25,000 per year.
  • If you move to Barista FIRE and earn an income but need to withdraw $10,000 per year to meet your expenses you will reach FIRE in about 16 years.

Stupid Money Move – Using payday loans or cheque cashing services [42:07]

Reading List


  1. Thanks for the mention on the podcast, guys! Great to hear you presenting some alternatives to the common narrative of working your butt off full-time for years, then doing a hard stop once you hit FI to retire early.

    Glad you appreciated my math on how I “buy” each annual day of freedom.

    Keep up the great episodes.

  2. Years ago, when Money Sense was a magazine that came to the house, I read about a retired couple, based in Ottawa, who loved shows, musicals and basically anything at the theater. They got part time jobs at a theatre (escorting people to their seats) and the perk of the job was seeing the very expensive shows for free! It was a great way to be paid but also get their expensive theatre “fix” as well. It sounds like a great part-time retirement gig!

    1. That’s a great part time gig! I love people who find creative ways to do things they love for free/cheap. Not to mention turning a part time job into something you really enjoy. Nothing better than enjoying your time and getting paid to do it!

    2. Absolutely! There are similar jobs available in sports too. There are probably a couple of part-time jobs available for most people that would align with their interests.

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