The Hardest Skill in FI: Knowing When to Stop | E190 Joel Larsgaard

The FI community is incredibly good at effort, optimization, and doing hard things for a long time. But somewhere along the way, many of us forget how to stop. Even after gaining more control over our time, we fill it back up with projects, commitments, and expectations, leaving us busy, tired, and quietly stretched thin.

Joel Larsgaard shares what it looked like to recognize that “doing it all” was no longer sustainable, even when the work was meaningful. After front-loading years of effort through saving, investing, and building How to Money, Joel began intentionally pulling back: working fewer hours, prioritizing family and health, and even taking a six-week sabbatical. This conversation explores why doing less isn’t laziness, but a necessary evolution after years of striving.

You’ll hear how financial independence can be used as a tool for time, not just wealth, along with practical ways to say no, resist constant expansion, and create space without losing ambition. If you’ve reached a point where more effort isn’t improving your life the way it used to, this episode offers a healthier path forward - one built on balance, presence, and intentional choices.

Key Takeaways:

• Doing more eventually stops improving your quality of life
• Financial independence is a tool to reclaim time, not fill it
• Burnout can exist even when work is meaningful
• Saying no protects energy for what matters most
• Over-committing quietly erodes family and personal time
• Small boundaries can create disproportionate freedom
• Doing less doesn’t kill ambition—it refines it
• Success should feel sustainable, not exhausting

Other Episodes You’ll Love:

4 Rules That Will Help You Spend Money Without Stress & Regret | E188

How to Create a 3-Day Workweek (Before You Reach FI) | E187 Andy Hill

3 Hidden Traps That Make FIRE Feel Empty | E182 Jordan Grumet

Guest Summary:

Joel Larsgaard is the co-host of How to Money, one of the most popular personal finance podcasts, where he helps listeners build wealth while living well. Through his own FI journey, Joel has shifted from relentless optimization toward a more intentional, balanced life—focusing on family, health, and long-term sustainability without abandoning ambition.

Connect With Justin

Email me at Justin@FIMinded.com or connect with me on LinkedIn.

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