Here’s a rewritten version of the article for better flow and readability:
After sharing a story about achieving early retirement with a household net worth of $4 million, I wanted to highlight another tale of early retirement from a different angle—how one woman conquered money trauma.
The $4 million retirement story sparked some criticism for being hard to relate to. Some found it difficult to imagine managing finances with two kids and a high-earning wife, while others thought achieving wealth in just 14 years after law school was too quick.
In my view, working 60-hour weeks for 14 years burns you out faster than working 40-hour weeks for 21 years. I’m a strong advocate for women balancing careers and family—I saw many classmates succeed in this, including a managing director at my previous job who raised three kids while excelling in her career. She was truly inspiring!
Regardless of why some people can’t relate, I enjoy learning about how others reach their financial goals. There’s always wisdom to glean from their journeys.
Here’s a guest post by Stacy, a 38-year-old, on how she overcame money trauma, left America, and retired to Taiwan with about $600,000 to achieve financial independence.
Why I Retired Early: Hated My Job
Sam has said money is psychological. If you’re unhappy with your situation but don’t change it, you’re not truly financially independent.
Well, last year when my net worth hit $600,000, I handed in my two-week notice and retired. After 16 years, I had enough of online marketing.
It wasn’t just the repetitive work that wore me down; it was the lack of purpose in my company’s goals. We were selling expensive online courses to vulnerable people, promising solutions to life’s problems. Behind the scenes, we made millions while exploiting desperation.
Taking Advantage of Money Trauma
We targeted people dealing with crises—recently divorced, unemployed, injured, or ill. Essentially, we preyed on vulnerability.
As a marketer, I knew how to tap into emotions to sell our products. But after a year, I felt we crossed ethical lines. Many customers couldn’t afford the courses, and our refund policies were designed to trap them into more purchases.
Feeling Guilty About My Work
Over time, I felt increasingly uncomfortable. While our products helped some, our business model profited more from people’s struggles. One client even went bankrupt after buying our course meant to help her.
Lack of Respect for My Bosses
Beyond moral qualms, I disliked my profit-driven bosses—men focused solely on maximizing earnings. Their tactics reminded me of unethical financial movies.
My job and its values no longer aligned, so I left. With over $600,000 saved, more than enough for my modest lifestyle, I moved to Taipei, Taiwan.
Understanding My Money Trauma
My distrust of men stems from my dad leaving us for a family friend when I was seven. Raised by my mom and grandmother amid financial struggles, money was always tight. Witnessing my mom’s constant worries about home repairs made me fear owning property.
Financial and Career Path
Here’s my career income path:
– Year 1 to Year 16: Salary progression from $28,000 to $145,000 annually.
– Total earnings: $1,464,000 gross, $1,170,000 after taxes.
– Savings rate averaged 35% post-tax, totaling about $407,750 saved.
Net Worth Progression
Over my career, I invested in stocks and maximized employer-matched 401(k) contributions. My net worth grew steadily, now primarily in stocks and retirement accounts.
Retiring to Taiwan with $600,000
I chose Taipei for its culture, food, and affordable living. Renting a one-bedroom apartment costs me $550 monthly, and daily expenses are low. Teaching English part-time supplements my income.
Healthcare and Quality of Life in Taiwan
Taiwan’s healthcare system eased my financial worries. Affordable and accessible, it’s a stark contrast to the U.S. where healthcare costs can bankrupt you.
Life in Taipei
Teaching English is fulfilling and low-stress. I enjoy the work-life balance here, contrasting with the hustle culture back in the U.S. The city’s vibrant nightlife and friendly locals make it an ideal place for me now.
Overcoming Money Trauma
Moving abroad allowed me to heal from past financial and personal wounds. It’s a fresh start, away from a career that didn’t align with my values.
Future Plans
While I consider myself retired, teaching English allows me to enjoy Taipei and save. Eventually, I may return to the U.S. stronger from my experiences abroad.
Investing in Real Estate
For financial independence, aggressive saving and real estate investment are key. Real estate provides stable income and growth opportunities.
This revision aims for a more conversational tone while maintaining clarity and coherence in Stacy’s journey toward early retirement in Taiwan, emphasizing her motivations, challenges, and reflections on money trauma.
