Voice from the Hills

On Sabbaticals: A Conversation with Jake Northrup

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Episode notes

Jake Northrup dives into the financial implications of taking a sabbatical and society's shift towards valuing experiences over material possessions.

"Look at this 10 or 15 years down the road. What are you going to remember most? What's most important to you as a family? And a couple?"

On this episode, Jake Northrup and James Warner discuss:

Jake's decision to go on a once-in-a-lifetime trip to Antarctica instead of using the money to purchase a home.
The benefits of taking a sabbatical, which include getting out of your routine, maximizing your experiences, and the opportunity for personal growth.
Tax and financial planning opportunities associated with taking a sabbatical, particularly with regards to income and tax rates.

Check out Jake's article mentioned in the episode: Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement

If you liked this episode, consider listening to one of our recent episodes Limitless: A Conversation with Stephanie Bogan. Stephanie stresses that success is inextricably tied to our mindset.

Jake Northrup is the founder of Experience Your Wealth, LLC. They provide virtual, fee-only financial planning services to travel-loving young families who don't buy into the traditional "9-5, work-until-you're-65" concept. They help find the responsible balance between paying down debt, investing for the future, but also experiencing life now.

They're shaking up the financial planning industry by bringing modern, life-centered financial planning advice and personal CFO-level service to their clients. They are completely remote, paperless and meet clients over Zoom with frequent guest appearances from kids, dogs, cats and whatever fun animals that may be around your home.

When he's not wearing his financial planner hat, you can find him traveling around the world with his wife. Some of their favorite trips include include Antarctica, Singapore, Thailand, Vietnam, Egypt, Iceland, Croatia and Greece.

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Learn more about Silicon Hills Wealth Management here. Silicon Hills Wealth Management is a financial planning and wealth management firm based in Austin, Texas. We provide exceptionally personalized financial planning services, specially designed to impact people’s lives for the better at every level, for a world truly invested.

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