ChooseFI podcast

ChooseFI

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  ChooseFI  

How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.

How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.

 

#650

Freedom Before FIRE | Trip of a Lifestyle

In this episode: connecting points, the power of FU money, the early retirement era, and enjoying the journey. This week we are joined by returning guests, Steven and Lauren Keys from Trip of a Lifestyle, to update us on their FI journey and “early retirement era,” as well as discuss the importance of finding the courage and freedom to make radical lifestyle changes in the present. We all know that money can open up new opportunities in your life, whether it’s having the flexibility to leave your job for a better one or even relocating to a dream country, but most of us forget that these opportunities can be achieved sooner than you think! The journey to FI is about taking actionable steps to build and achieve the life you want, and you don’t have to wait until you’re fully retired to do it! While you’re starting to save and spend less, remember that you’re getting closer and closer to your goal, but even still that it’s not a poor decision to spend money on things that are important to you and can improve your life!  New ChooseFI shirts are now available <a href= "https://foreverfierce.com/collections/choose-fi">here!</a> Trip of a Lifestyle: ---Website: <a href= "https://www.tripofalifestyle.com/">tripofalifestyle.com</a> ---Instagram: <a href= "https://www.instagram.com/tripofalifestyle/">@tripofalifestyle</a> ---Crambetter: <a href= "https://crambetter.com/">crambetter.com</a> Timestamps: ---0:46 – Introduction ---3:12 – Connecting Points ---6:39 – Taking Money Out of the Equation ---13:14 – The Power of FU Money ---23:39 – Getting to The Early Retirement Era ---33:27 – Investing ---44:59 – Paying Yourself Last? ---48:39 – Enjoying the Journey/Setting Yourself up for Success ---58:13 – Conclusion Resources Mentioned In Today’s Episode: --- [Trip of a Lifestyle to All US National Parks | ChooseFI Ep 226] (https://www.choosefi.com/best-national-parks/) ---<a href= "https://www.tripofalifestyle.com/gear-and-tips/we-got-26k-richer-on-vacation/"> We Took a 3-Month Vacation and Came Home $26,000 Richer</a> ---<a href= "https://www.tripofalifestyle.com/money/we-saved-100k-in-2-years-on-teacher-salaries/"> How We Saved $100k in 2 Years on Teacher Salaries</a> ---<a href= "https://www.tripofalifestyle.com/money/how-to-save-a-million-dollars/"> We Vacationed Our Way to $1 Million by Age 33 (and You Can Too)</a> ---<a href= "https://www.tripofalifestyle.com/money/our-investment-portfolio/">Inside the Investment Portfolio of Early Retirees</a> ---<a href= "https://www.tripofalifestyle.com/money/you-dont-need-a-budget/">Pay Yourself Last: Why You Don’t Need A Budget</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

29 Apr 2024

59 MINS

59:14

29 Apr 2024


#649

488 | The Courage to Take Action | EconoMe LIVE with Doc G

In this episode: courage from community, what to do next, overwhelm, finding community, and the evolution of FI. Live from the [EconoMe Conference] (https://economeconference.com/) in Cincinati Ohio, Brad is joined by Jordan "Doc G" Grumet and a room full of passionate members of our community to discuss finding the courage to take action in your FI journey. While we understand money can be a north-star for many early in your venture towards FI, what happens once money is no longer the root of your goals? Where do you shift your focus to next? Well, sometimes finding answers to these questions is a little easier when you have help from some of your friends. Listen along as Jordan, Brad and our community speculate on their ideas for what their next steps are. Doc G: ---Website: <a href= "https://www.earnandinvest.com/">earnandinvest.com</a> ---Podcast: <a href= "https://www.earnandinvest.com/episodes-8">The Earn and Invest Podcast</a> Timestamps: ---0:41 - Introduction ---1:41 - Courage From Community ---7:40 - Roger and What To Do Next? ---20:31 - Allison and Finding Community ---30:15 - What/Where is the Overwhelm ---34:49 - The Evolution of FI/Being The Change You Want To See ---41:11 - Reconciling With Social Responsibilities ---44:34 - Charitable Giving ---47:21 - Interacting Outside of The Community ---51:55 - Conclusion Resources Mentioned In Today’s Episode: --- [Retire Often] (https://retireoften.com/) --- [FI Freedom Retreat] (https://www.fifreedomretreats.com/) --- [Mr Money Mustache] (https://www.mrmoneymustache.com/) --- [CampFI] (https://campfi.org/) --- [FinCon] (https://finconexpo.com/) ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358567092/ref=sr_1_1?dib=eyJ2IjoiMSJ9.HHDiXMJ9wqtpUgjtuoU2YxmvsBk3Zgoup8HpI4TZvA5w1ytt6K2FCSreRHeqmWrpIv9D0ZC456qZ3SgHoAJGWIXrznzSXfue9CqMDHkkxIxLCADzCkxgbzQXGU7UjXXHTkOJJILedY05ctR-SsydQAoQvPJI-LOdItT4Cop5sqU3_QpT90avJhS74SXdT1RZ5LjNC1r8SByAzjCONbHqItrUFpLzVXJpF9G46jb-umo.YNNhfMH9S3al00vO0ctHGTqnJ4F_q4b7v6pNqWSHCZc&dib_tag=se&hvadid=598656813559&hvdev=c&hvlocphy=9015306&hvnetw=g&hvqmt=e&hvrand=9226095548191074330&hvtargid=kwd-1834690199912&hydadcr=15529_13558536&keywords=die+with+zero+by+bill+perkins&qid=1713738362&sr=8-1"> "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins</a> --- [Josh Overmeyer] (https://joshovermyer.com/) --- [EconoMe] (https://economeconference.com/) --- [Alan Donegan] (https://www.alandonegan.com/) --- [Find Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) ---<a href= "https://www.choosefi.com/effective-giving-for-the-fi-community-rebecca-herbst-jack-lewars-ep-483/"> Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars | ChooseFI Ep 483</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

22 Apr 2024

54 MINS

54:28

22 Apr 2024


#648

487 | Military FI: Optimizing Your Financial Plan before Military Retirement | Daniel Kopp, CFP

In this episode: survivor benefit plans, VA benefits, VSO's disability benefits, tax planning, healthcare, and blended retirement systems. This week we are joined by Daniel Kopp, founder of Wise Stewardship Financial Planning, to outline ways you can best prepare for military retirement. Together we cover pensions, navigating the Survivor Benefit Plan and additional benefits, healthcare and disability resources, as well as other financial decisions you can consider as you begin to transition out of the military. When dealing with any kind of retirement planning, taking actionable steps to prepare and get a plan in place for you and your family is essential. While everyone's circumstances may be different as they transition out of the military, there are many resources available and benefit programs you are entitled to before and after you leave duty! Daniel Kopp, CFP ---Website: <a href= "https://wisestewardshipfp.com/">wisestewardshipfp.com</a> ---Podcast: <a href= "https://militarytofinancialplanner.libsyn.com/">Military to Financial Planner</a> Timestamps: ---1:26 – Introduction ---2:32 – Approaching Military Retirement/Blended Retirement System ---9:38 – Military Benefits/Healthcare ---15:36 – VA Benefits/Term Life Insurance ---22:12 – Disability Benefits/VSO’s ---30:17 – Survivor Benefit Plans ---43:13 – SBP Contingencies and Child Coverage ---50:41 – Tax Planning ---56:26 – Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://militarypay.defense.gov/blendedretirement/">Blended Retirement</a> ---<a href= "https://www.va.gov/education/survivor-dependent-benefits/">VA education benefits for survivors and dependents</a> ---<a href= "https://www.katehorrell.com/survivor-benefit-plan/">Everything About The Military’s Survivor Benefit Plan</a> ---<a href= "https://actuary.defense.gov/Survivor-Benefit-Plans/">SBP Financial Analysis Tools</a> --- [Daniel Kopp Estate Planning for Military Families | Military Money Manual Podcast Episode 83] (https://militarymoneymanual.com/ep83/) --- [Accredited VSO Representatives] (https://www.benefits.va.gov/vso/) ---<a href= "https://www.choosefi.com/transition-planning-from-a-military-career-on-the-path-to-fi-ep-296/"> Transition Planning from a Military Career on the Path to FI | ChooseFI Ep 296</a> ---<a href= "https://www.amazon.com/Military-Transitions-Guide-Survivor-Benefit/dp/1534883959"> “Military in Transition’s Guide to The Survivor Benefit Plan: Navigating the SBP” by Forrest Baumhover</a> ---<a href= "https://themilitarywallet.com/va-disability-compensation-affects-military-retirement-pay/"> How VA Disability Compensation Affects Military Retirement Pay</a> ---<a href= "https://www.militaryonesource.mil/financial-legal/taxes/income-tax-and-rental-properties-when-military/"> Income Tax and Rental Properties When You’re in the Military</a> --- [MFAA] (https://militaryfinancialadvisors.org/) ---<a href= "https://www.facebook.com/groups/ChooseFIUSMilitary/">ChooseFI US Military</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

15 Apr 2024

59 MINS

59:24

15 Apr 2024


#647

486 | The Wealthy Educator | Chris Travers

In this episode: public service accounts, side hustles, making FI possible, frugality, giving yourself freedom, and side hustles. This week we are joined by Chris Travers, a New York City public school teacher and FI community member, to discuss his journey from being a natural saver to becoming a savvy investor, talk advantages and disadvantages of some of the retirement accounts provided to teachers, as well as discuss some ways he has been able to grow his net worth in the last 10 years. Frugality is a term that often comes up while on the FI path, and finding a balance of saving and spending is crucial to reaching your financial goals. Remember that where you decide to save and spend and how you do so will evolve throughout your FI journey! While it can be hard to cut costs of the things you enjoy in the present, being willing to cut out what you don’t need can set you up for success in the future!  Chris Travers: ---Book: <a href= "https://www.amazon.com/TL-DR-Financial-Optimizing-Decisions/dp/B09YQLGY97">“TL;DR: Financial Literacy for New York City Public School Teachers: Optimizing Financial Decisions Based On Your TRSNYC Benefits” by Christopher Tavers and Karl Fisch</a> ---Instagram: <a href= "https://www.instagram.com/thewealthyeducator/">@thewealthyeducator</a> Timestamps: ---0:54 – Introduction ---6:47 – Public Service Accounts ---11:38 – Diving Into FI ---15:08 – Side Hustles/Making FI Possible ---22:17 – Renting vs Buying ---26:43 – Frugality and Loosening the Purse Strings ---32:25 – Giving Yourself Freedom ---37:53 – Conclusion Resources Mentioned In Today’s Episode: --- [Join ChooseFI’s Facebook Group!] (https://www.facebook.com/groups/ChooseFI/) ---<a href= "https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474"> “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” by Thomas J. Stanley and William D. Danko</a> ---<a href= "https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131/ref=sr_1_1?dib=eyJ2IjoiMSJ9.eQPStrjGba6sz60ZxfmUgRC04itKG4ZabQdwme7R2cEC4Jj70FIP2UR6_rdZwK1nOQchzOrg1awIm5dJLr-um1p04ewcopyKZSvrOW66Yi0O3EY4RghtbP3leQJmSvjur-5bxFvUbabZXzQXunaChjvURti3-9E94RC76kjYkL4KXKJ4ZuIYZASgN5lYPlYoRdHQO97zlVbcZA__8DblOh0NRyBhGavTM8-eftMTYpI.2X4ts-640_G6DvB0uAVT2_vjaca_fH2DOIPKMONfGjE&dib_tag=se&hvadid=344405374706&hvdev=c&hvlocphy=9015306&hvnetw=g&hvqmt=e&hvrand=11058826703468448013&hvtargid=kwd-294738007142&hydadcr=24658_9648989&keywords=poor+dad+rich+dad&qid=1712533609&sr=8-1"> “Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert Kiyosaki</a> ---<a href= "https://www.amazon.com/Smart-Couples-Finish-Revised-Updated/dp/0525572937/ref=sr_1_1?crid=1KJREJMZX8FKN&dib=eyJ2IjoiMSJ9.xhrMIsl7joDVd0ARWy9lLkBaP1umkJ63YH4zL5jnHQlKVIEpQtdphAXT_EnlQwiisRkolQGuCGZsZ-Z7qqExwwL9xs4P_eTy9Bn_bO9Oo4cDPIE7UFYf8h1qwSWaCv6-mUfkJAx0WvAGm4Px1ANUI1TjHrTRknba_szsr2Goiq3SvDuuyqTRe6irayYKMoZJPj3K_xjsj0lVDvMBe4fx1R7CjhSRZs1F5Q1XLFRegBY.JfZsyw_nFDTatyK8Xe9kQJsVz5f88QCbRwekZjPCoDs&dib_tag=se&keywords=smart+couples+finish+rich+book&qid=1712533698&sprefix=smart+coup%2Caps%2C141&sr=8-1"> “Smart Couples Finish Rich, Revised and Updated: 9 Steps to Creating a Rich Future for You and Your Partner” by David Bach</a> --- [The Unfair (FI) Advantage Of Teachers | 457b | ChooseFI Ep 13] (https://www.choosefi.com/457b-free-money/) --- [The Happy Body] (https://thehappybody.com/) --- [Millennial Revolution] (https://www.millennial-revolution.com/) ---<a href= "https://www.amazon.com/stores/Karl-Fisch/author/B07RKRLC78?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true"> Karl Fisch</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

08 Apr 2024

40 MINS

40:34

08 Apr 2024


#646

485 | Mailbag: Spending Down to Zero, High Fee 401k, Mini Retirements | Rachael Camp

In this episode: spending down to zero, the ratcheting rule, the guardrails approach, high fee 401k's, and mini-retirements. This week we are diving back into the listener mailbag with Rachael Camp to address the pressing questions our community has! Whether it's curiosity towards the concept of dying with zero, determining whether it is a good time to take a mini-retirement, or working with high-fee 401k's, Brad and Rachael tackle it all! Listen along as YOU the community dictate the conversation with your hot button FI questions! Rachael Camp: ---Website: [www.rachaelcampwealth.com] (http://{{URL}}) ---Twitter: <a href= "https://twitter.com/camp_wealth?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor"> @camp_wealth</a> Please note: Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies. Timestamps: ---0:55 – Introduction ---1:38 – Spending Down to Zero ---10:15 – The Ratcheting Rule and The Guard Rails Approach ---20:38 – Flexible Spending Strategy ---27:01 – Does Everything Need to be Optimized? ---31:15 – High Fee 401k’s ---41:48 – Mini Retirement Considerations ---49:54 – Roth IRA Contributions and Faze Out Limits ---55:57 – Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358567092/ref=sr_1_1?gclid=CjwKCAiA1fqrBhA1EiwAMU5m_yauDw6i8LG8eA3cNtQ-sfYigfXFzgJQ1ZW-1C1Z9Jr61C4SsAeWPxoCDUwQAvD_BwE&hvadid=678836679979&hvdev=c&hvlocphy=9015306&hvnetw=g&hvqmt=e&hvrand=15497726481673335772&hvtargid=kwd-2236697686935&hydadcr=12343_13343001&keywords=die+with+a+zero&qid=1702842509&sr=8-1"> “Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins</a> ---<a href= "https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355"> “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts” by Annie Duke</a> ---<a href= "https://www.kitces.com/blog/the-ratcheting-safe-withdrawal-rate-a-more-dominant-version-of-the-4-rule/"> The Ratcheting Safe Withdrawal Rate – A More Dominant Version Of The 4% Rule?</a> ---<a href= "https://www.cnbc.com/select/guardrails-approach-retirement-withdrawal-strategy-how-it-works/"> The guardrails approach is a flexible retirement withdrawal strategy: Here’s how it works</a> --- [Early Retirement Now] (https://earlyretirementnow.com/) ---<a href= "https://www.madfientist.com/discretionary-withdrawal-strategy/">The Problem with the 4% Rule (and Why You Could Retire Even Sooner)</a> ---<a href= "https://www.choosefi.com/roth-ira-conversion-ladder/">The Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep 17R</a> ---<a href= "https://www.choosefi.com/roth-ira-conversion-ladder-case-study/">Roth IRA Conversion Ladder Case Study | ChooseFI Ep 163R</a> --- [Retire Often] (https://retireoften.com/) ---<a href= "https://www.choosefi.com/mini-retirements-to-accelerate-your-path-to-fi-jillian-johnsrud-ep-451/"> Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud | ChooseFI Ep 451</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

01 Apr 2024

57 MINS

57:03

01 Apr 2024


#645

484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values. This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life, once you have that freedom, take advantage of it like the Allen’s have! Timestamps: ---1:25 – Introduction/The FI Mindset ---9:02 – Budgeting/Wants and Needs ---14:59 – Side Hustles ---21:02 – Financial Literacy to FI ---23:29 – Tax Planning/Travel Rewards ---29:11 – College Hacking ---42:05 – Living Your Values and Taking Time Off ---48:39 – The Importance of Knowing the Rules ---53:48 – Traveling Like a Pro ---69:25 – Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.ramseysolutions.com/?gad_source=1&gclid=EAIaIQobChMI1afb0fqNhQMVnjKtBh3RJAxgEAAYASAAEgL3pfD_BwE" target="_blank" rel="noreferrer noopener">Dave Ramsey</a> --- [Travel Rewards | ChooseFI] (https://www.choosefi.com/topics/travel/) ---<a href= "https://www.choosefi.com/are-you-prepared-for-college-brian-eufinger-ep-460/"> Preparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460</a> --- [The 10 Pillars Of FI] (https://www.choosefi.com/10-pillars-of-fi/) --- [Modern States] (https://modernstates.org/) ---<a href= "https://www.choosefi.com/the-100k-glorified-sleepaway-camp-millionaire-educator-ep-386/"> The $100K Glorified Sleepaway Camp | Millionaire Educator | ChooseFI Ep 386</a> --- [All the Hacks] (https://www.allthehacks.com/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.choosefi.com/studentloanplanner)  (with $100 Discount) ---Get a cheaper phone plan with <a href= "https://www.choosefi.com/mint-mobile-review/" target="_blank" rel= "noreferrer noopener">Mint Mobile</a> ... Read more

25 Mar 2024

1 HR 07 MINS

1:07:13

25 Mar 2024


#644

483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars

In this episode: building a giving framework, the giving pledge, compound impact, donor advised funds, and different ways to give. Is it better to give to charity in a lump sum versus incrementally? What are the tax implications of donating? What are the benefits of using donor advised funds? This week we answer these questions and more with the help of Rebecca Herbst and Jack Lewars as we discuss charitable donations and effective giving while on the FI journey. A large part of FI is taking actionable steps to improve your life, but this journey also opens up opportunities to improve the life of others. While navigating donations while on the path to FI can seem tricky because we are so focused on attaining our FI numbers, there are still many ways you can give back and make a difference. Creating the habit of effective giving can help you leave an impact on yourself and the world at large! There are many resources available that can help calculate what you can give while remaining on the FI track, as well as help you see how your donations are making a difference!  Rebecca Herbst & Jack Lewars: ---Yield and Spread: <a href= "https://www.yieldandspread.org/">yieldandspread.org</a> ---Rebecca’s Coaching Program: <a href= "https://www.yieldandspread.org/coaching">Coaching for do-gooders</a> ---1 For The World: <a href= "https://1fortheworld.org/">1fortheworld.org</a> ---Jack’s LinkedIn: <a href= "https://de.linkedin.com/in/jack-lewars">Jack Lewars</a> Timestamps: ---1:37 – Introduction ---4:24 – The Giving Pledge ---11:59 – Building A Framework And Effective Giving ---23:20 – Should You Get To FI Before You Give? ---33:12 – Compound Impact ---39:48 – Feedback From Giving And Fun Funds ---51:08 – Different Ways To Give ---61:09 – Donating Appreciated Stocks ---66:59 – Conclusion Resources Mentioned In Today’s Episode: --- [Join Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) --- [“The Life You Can Save: How to do your part to end world poverty” by Peter Singer] (https://www.thelifeyoucansave.org/the-book/) --- [School of Hard Knocks] (https://www.schoolofhardknocks.org.uk/) ---<a href= "https://www.amazon.com/Practical-Ethics-Peter-Singer/dp/0521707684"> “Practical Ethics” by Peter Singer</a> --- [GiveWell] (https://www.givewell.org/) ---<a href= "https://www.thelifeyoucansave.org/best-charities/?gad_source=1&gclid=Cj0KCQjwqdqvBhCPARIsANrmZhO8nnPSkxvOvLhUmKA5xOu5jEh9SEb9k55V4inv1IFDOMlzeSkVbIEaAmlNEALw_wcB"> The Life You Can Save</a> ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765">“Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins</a> ---<a href= "https://www.yieldandspread.org/post/daf-series-part-1-an-introduction"> Yield & Spread’s DAF Series</a> ---<a href= "https://www.amazon.com/Doing-Good-Better-Effective-Altruism/dp/1592409660"> “Doing Good Better: How Effective Altruism Can Help You Help Others, Do Work that Matters, and Make Smarter Choices about Giving Back” by William MacAskill</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

18 Mar 2024

1 HR 10 MINS

1:10:50

18 Mar 2024


#643

482 | Update: Are Remote Tech Careers Still Relevant in 2024? | Bradley Rice

In this episode: salesforce, lifestyle design, testimonials and verification, the hidden job market, and talentstacking. Once again joined by friend of the show Bradley Rice, the owner and creator of TalentStacker, to update us on the value of SalesForce and career pivoting in 2024. While on the FI journey, you are actively creating the life you want to live. For many that means transitioning out of their life-long careers and opting for ones that offer something different and more accustomed to the life you’re creating. Learning a new skill or starting a side hustle can be the first step to finding that new career, and finding a program that works for you should offer more than just a certification, but assist you in finding new opportunities and a community that supports you! Bradley Rice: ---Website: <a href= "https://www.talentstacker.com/">talentstacker.com</a> ---Facebook: <a href= "https://www.facebook.com/groups/salesforceforeveryone/" target= "_blank" rel="noreferrer noopener">Salesforce for Everyone</a> ---Salesforce 5 Day Challenge: <a href= "https://www.talentstacker.com/salesforce-free-challenge-landing-page/">Take the FREE 5-Day Challenge</a> ---Podcast: <a href= "https://www.talentstacker.com/ts-salesforce-for-everyone-podcast/">Salesforce for Everyone</a> Timestamps: ---1:38 – Introduction ---4:17 – Work, Lifestyle Design, and Talentstacking ---10:15 – Testimonials, Doing Your Research, and Verification ---14:55 – The Hidden Job Market ---19:36 – Entering a Salesforce Career with Talentstacker ---26:39 – Salesforce Security ---32:25 – Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/the-hidden-job-market-ep-379/">The Hidden Job Market | ChooseFI Ep 379</a> --- [CampFI] (https://campfi.org/) --- [Making The Case For Part Time With Bradley Rice | ChooseFI Ep 117] (https://www.choosefi.com/salesforce-career/) --- [Trailhead] (https://trailhead.salesforce.com/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

15 Mar 2024

34 MINS

34:03

15 Mar 2024


#642

481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura

In this episode: caregiving and FI, retirement planning, reverse mortgages, long-term care, and long-term care insurance. This week we are joined by Danielle Miura to discuss how her experience as a caregiver has impacted her FI mindset, as well as answer listener questions pertaining to planning for your own long-term care while on the path to FI. As you and your loved ones get older, it’s important to start considering what additional finances they may require. From long-term healthcare to assisted living, there are many factors that not only impact their life financially, but could impact you and your FI plans. While it may be uncomfortable to have conversations with loved ones about their finances and expenses, it is imperative to have these discussions early and create a plan that works for you and your family. Danielle Miura: ---Website: <a href= "https://spark-fin.com/danielle-miura" target="_blank" rel= "noreferrer noopener">spark-fin.com</a> ---LinkedIn: <a href= "https://www.linkedin.com/in/danielle-miura/" target="_blank" rel= "noreferrer noopener">Danielle Miura</a> ---Twitter: <a href= "https://twitter.com/daniellemiula?lang=en" target="_blank" rel= "noreferrer noopener">@Daniellemiula</a> Timestamps: ---1:19 – Introduction ---2:22 – Caregiving and FI ---7:28 – Dealing With Poor Retirement Planning ---15:38 – Reverse Mortgages and Viability of Selling The Home ---21:41 – Having The Uncomfortable Conversation ---24:40 – Planning For Your Final Years ---32:41 – Long-Term Care and FI ---36:10 – Long Term Care Insurance ---45:30 – Conclusion Resources Mentioned In Today’s Episode: --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

11 Mar 2024

45 MINS

45:11

11 Mar 2024


#641

480 | Update: Healthiest Year Ever | Dean Turner

In this episode: optimized exercise, recovering, machine use, increasing your healthspan, and long-term thinking. This week we are joined by Brad’s friend and personal trainer, Dean Turner, to discuss the changing landscape of strength training, and how principles such as consistency and adherence coupled with rest and recovery can also be applied to both your fitness and FI journey. We often talk about how the path to FI is not just about working towards a monetary goal, but rather creating a better life for yourself. For some this can mean taking a personal account of your health, and taking actionable steps to improve it. Just as making financial changes requires consistency, making physical changes requires the same. While these changes don’t happen overnight, these actions continuously build off of one another and make you stronger! Dean Turner: ---Twitter: [@DeanTTraining] (https://twitter.com/DeanTTraining) ---Website: [deanturnertraining.com] (https://www.deanturnertraining.com/) Timestamps: ---2:30 - Introduction ---3:41 - Optimized Exercise ---9:13 - Recovering and Machine Use ---20:51 - Increasing Your Healthspan ---27:44 - Long-Term Thinking ---29:48 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/your-bold-move-for-2023-dominick-quartuccio-ep-419/" target="_blank" rel="noreferrer noopener">Your Bold Move for 2023 | Dominick Quartuccio | ChooseFI Ep 419</a> ---<a href= "https://www.menshealth.com/fitness/a46030228/new-muscle-science/" target="_blank" rel="noreferrer noopener">The New Science of Muscle</a> ---<a href= "https://tim.blog/2023/01/06/james-clear-atomic-habits/" target= "_blank" rel="noreferrer noopener">James Clear, Atomic Habits — Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and More (#648)</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

08 Mar 2024

33 MINS

33:17

08 Mar 2024


#640

479 | Are You on Track to FI? | FI Roundtable

In this episode: FI in your 20s, the boring middle, compounding, fat FI, compounding, checkpoints, and building a life. This week we are joined by Doug and Carl from the Mile High FI podcast to talk about their respective FI journeys and answer a listener question about pursuing FI in your 20s; as well share some tips for enjoying the experience and navigating times in the journey that can feel a bit slow. While figuring out your FI goal requires you to do some work to figure out your FI number, that number and the steps you take to reach that goal are all unique to the individual. That being said, it can be tricky at times to know if you are on the right track when the journey to FI is different for everyone. Remember, although this journey is about reaching financial independence, it’s also about changing and creating the life you want and joining a community that will always inspire you when times feel slow.  Mile High FI: ---Podcast: [milehighfi.com] (https://milehighfi.com/) ---Newsletter: <a href= "https://aw1a752b.aweb.page/p/2799e323-8715-4a87-ac53-a91de8fcb5ac" target="_blank" rel="noreferrer noopener">Join the Mile High FI Club</a> Timestamps: ---1:13 - Introduction ---2:41 - Analyzing Finances In Your 20s ---9:31 - Compounding Power ---13:25 - The Boring Middle ---21:01 - FI Role Models ---26:41 - Building A Life On The Journey ---35:01 - Fat FI ---45:37 - Saving Versus Life Enhancement ---54:21 - FI Checkpoints ---57:52 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/the-cure-for-the-boring-middle-fioneers-ep-472/" target="_blank" rel="noreferrer noopener">The Cure for the Boring Middle | Fioneers | ChooseFI Ep 472</a> --- [Mr Money Mustache] (https://www.mrmoneymustache.com/) --- [JL Collins] (https://jlcollinsnh.com/) ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358567092/ref=sr_1_1?dib=eyJ2IjoiMSJ9.HHDiXMJ9wqtpUgjtuoU2YxU9bDGEoB4hBL22hNmduKfqHp0OoIrqsYgUMdAFCmpyoMI33kfL9ohn-2TjnwVWmJpVrm3NHdfLyFxHP2Z-lNW8CZmo2az4CEu7yD7XSNsYxBVMiM4lt37Xue-QJvQ4eOpJhhSAus4toe6aGHIkIcVVTHo452kbc_Co6LPGU_GVDuoSJDvAHDncb9Y2vR84GODymKdiHXUnrx80tucIFgs.FhyDCVsLDbvtyDgrvBVtJ7Hr7H91HmU0KRI94ouBuHo&dib_tag=se&hvadid=598656813559&hvdev=c&hvlocphy=9015306&hvnetw=g&hvqmt=e&hvrand=5756779801853332222&hvtargid=kwd-1834690199912&hydadcr=15529_13558536&keywords=die+with+zero+by+bill+perkins&qid=1709507908&sr=8-1" target="_blank" rel="noreferrer noopener">"Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins</a> --- [The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett] (https://www.allthehacks.com/FIRE-spectrum/) ---<a href= "https://www.choosefi.com/mini-retirements-to-accelerate-your-path-to-fi-jillian-johnsrud-ep-451/" target="_blank" rel="noreferrer noopener">Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud | ChooseFI Ep 451</a> ---<a href= "https://www.choosefi.com/the-stages-and-checkpoints-of-fi-ep-324/" target="_blank" rel="noreferrer noopener">The Stages and Checkpoints of FI | ChooseFI Ep 324</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

04 Mar 2024

59 MINS

59:07

04 Mar 2024


#639

478 | 2024 Investing Update | Brian Feroldi

In this episode: buy and hold, macroeconomics, interest rates, bond investing, when to sell, mindset, and thinking differently. This week we are joined once again by friend of the show Brian Feroldi to discuss the stock market and investing as we head into 2024. As most of you know by now, keeping your head down and staying the course is a pretty typical investing strategy in the FI community, but it is important to remember personal finance is personal. Depending on your situation, life may require you to mold that strategy into something else as your mindset and seasons of life change! Make sure your are not only optimizing your financial situation, but also your life in the process! Brian Feroldi: ---Website: [stockinvesting.school] (https://stockinvesting.school/) ---Website: [longtermmindset.co] (https://longtermmindset.co/) ---Twitter: <a href= "https://twitter.com/BrianFeroldi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noreferrer noopener">@BrianFeroldi</a> ---LinkedIn: <a href= "https://www.linkedin.com/in/brianferoldi" target="_blank" rel= "noreferrer noopener">Brian Feroldi</a> Timestamps: ---0:33 - Introduction ---3:42 - Buy and Hold ---8:36 - "Macroeconomics" ---15:17 - The Impact of Interest Rates/ Bond Investing ---20:36 - High Yield Savings Accounts ---27:18 - 2024 Investing ---33:19 - When to Sell ---38:05 - The Evolution of Your Mindset ---43:40 - Thinking Differently ---47:52 - VTSAX ---51:21 - Conclusion Resources Mentioned In Today’s Episode: --- [The Motley Fool] (https://www.fool.com/) ---<a href= "https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194" target="_blank" rel="noreferrer noopener">"Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert Kiyosaki</a> ---<a href= "https://www.choosefi.com/the-role-of-bonds-in-a-portfolio/" target="_blank" rel="noreferrer noopener">The Role Of Bonds In A Portfolio with Frank Vasquez | ChooseFI Ep 194</a> --- [Risk Parity Radio] (https://www.riskparityradio.com/) ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765" target="_blank" rel="noreferrer noopener">"Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

26 Feb 2024

52 MINS

52:44

26 Feb 2024


#638

477 | The Hot Seat: Community Edition

In this episode: the wonderful ChooseFI community shares advice by taking the hot seat through listener voicemails. Ginger joins the podcast this week for a special “Hot Seat” episode to listen to some voicemails set in from our listeners, in which our community answered questions that we typically ask our guests when they take the Hot Seat! From discussing favorite books and podcasts, to learning some new tricks and takeaways that have helped you on your FI Journey, it’s incredible to hear the ways you are taking action and creating habits that are making your journey to FI meaningful and motivational! We often stress that living FI isn’t about chasing a number, but rather building up the life you want in the process of working towards your goals, and while there may be mistakes made, there are many learning opportunities and new perspectives of success that make this journey incredibly rewarding.  Timestamps: ---1:45 – Introduction ---2:29 – Ashley and Atomic Habits ---10:17 – Tyler and Opportunity Cost ---19:09 – Amanda and Mental Wellbeing ---25:17 – Caesar and PSLF Forgiveness ---30:56 – Aaron, House Hacking, and DIY ---37:17 – Ginger Takes The Hot Seat ---59:33 – Brad Takes The Hot Seat ---76:19 – Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.amazon.com/Atomic-Habits-James-Clear-audiobook/dp/B07RFSSYBH/ref=sr_1_1?hvadid=602222145993&hvdev=c&hvlocphy=9015306&hvnetw=g&hvqmt=e&hvrand=9936487681869747023&hvtargid=kwd-1668531942405&hydadcr=22533_10344512&keywords=atomic+habits%27&qid=1708298186&sr=8-1" target="_blank" rel="noreferrer noopener">“Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones” by James Clear</a> --- [Atomic Habits | James Clear | ChooseFI Ep 157] (https://www.choosefi.com/atomic-habits-james-clear/) ---<a href= "https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358099765" target="_blank" rel="noreferrer noopener">“Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins</a> ---<a href= "https://www.amazon.com/Just-Keep-Buying-Proven-wealth/dp/0857199250" target="_blank" rel="noreferrer noopener">“Just Keep Buying: Proven ways to save money and build your wealth” by Nick Maggiulli</a> --- [BitWarden] (https://bitwarden.com/) ---<a href= "https://www.amazon.com/Nature-Fix-Happier-Healthier-Creative/dp/0393242714" target="_blank" rel="noreferrer noopener">“The Nature Fix: Why Nature Makes us Happier, Healthier, and More Creative” by Florence Williams</a> --- [I Will Teach You To Be Rich] (https://www.iwillteachyoutoberich.com/podcast/) --- [Book your custom student loan plan] (https://www.studentloanplanner.com/choosefi/) ---<a href= "https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805" target="_blank" rel="noreferrer noopener">“Never Split the Difference: Negotiating As If Your Life Depended On It” by Chris Voss and Tahl Raz</a> ---<a href= "https://www.amazon.com/Flow-Psychology-Experience-Perennial-Classics/dp/0061339202" target="_blank" rel="noreferrer noopener">“Flow: The Psychology of Optimal Experience” by Mihaly Csikszentmihalyi</a> --- [Risk Parity Radio] (https://www.riskparityradio.com/) ---<a href= "https://www.amazon.com/Why-We-Sleep-Unlocking-Dreams/dp/1501144316" target="_blank" rel="noreferrer noopener">“Why We Sleep: Unlocking the Power of Sleep and Dreams” by Matt Walker</a> --- [The Matt Walker Podcast] (https://www.sleepdiplomat.com/podcast) --- [Peter Attia] (https://peterattiamd.com/) ---<a href= "https://www.llbean.com/llb/shop/113446?page=pima-cotton-percale-sheet-set&bc=31-131-1156&feat=1156-GN3&csp=f%5C&attrValue_0=459&pos=2&qs=3148105_GOOGLE&Matchtype=&pcd=EXPLORE10&gad_source=1&gclid=CjwKCAiA8sauBhB3EiwAruTRJnXVp34SCMj1JmerGrka3-t3v_ywS6Kok0zFE5CKzLdk8Fzv48IXiRoCPBkQAvD_BwE&gclsrc=aw.ds" target="_blank" rel="noreferrer noopener">Ginger’s New Sheets</a> --- [My First Million Podcast] (https://www.mfmpod.com/) --- [Prof G Show] (https://profgmedia.com/the-pod/) ---<a href= "https://podcasts.apple.com/us/podcast/pivot/id1073226719" target= "_blank" rel="noreferrer noopener">Pivot Podcast</a> --- [Todoist] (https://todoist.com/) --- [Dean Turner Training] (https://twitter.com/DeanTTraining) --- [Send Us A Voicemail] (https://www.choosefi.com/listen/voicemail/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

19 Feb 2024

1 HR 17 MINS

1:17:11

19 Feb 2024


#637

476 | Love, Loss, and Money: The Shocking Financial Aftermath of a FI Spouse’s Death | Amy

In this episode: what follows tragedy, the importance of wills and beneficiaries, intestate succession, and probate. This week we are joined by Amy to discuss her personal account and experience with estate planning in the event of an unexpected passing, and what this can look like when plans aren’t in place. While death can be an uncomfortable topic to think about, it’s important to take time to garner a plan in place so that your loved ones are both prepared and not overwhelmed in the event of your passing. A large part of FI is about taking actionable steps to make your life easier, and estate planning is no different. From designating beneficiaries and setting up wills, to utilizing password verification methods on your accounts, there are many actionable steps you can take in order to make the process of passing easier for your family and loved ones. Amy’s story is not meant to be a cautionary tale, but rather a reminder to not ignore or avoid a personal subject matter just because it’s uncomfortable. Timestamps: ---1:23 - Introduction ---2:45 - Amy's FI Journey ---9:03 - Income Planning and FI ---17:24 - What Follows Tragedy ---28:33 - The Importance of Wills and Beneficiary Designation ---36:23 - Preparing in Advance and Considering The Possibility ---44:27 - Immediate Access and The Ancillary Things ---48:15 - Probate ---59:09 - Setting Up Your Estate ---65:09 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/" target="_blank" rel="noreferrer noopener">The Shockingly Simple Math Behind Early Retirement</a> ---<a href= "https://www.nolo.com/legal-encyclopedia/intestate-succession" target="_blank" rel="noreferrer noopener">Intestate Succession</a> --- [The Family Emergency Binder | ChooseFI Ep. 125 (Promo Code "ChooseFI")] (https://www.choosefi.com/emergency-binder/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

12 Feb 2024

1 HR 07 MINS

1:07:44

12 Feb 2024


#636

475 | How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney

In this episode: taxable accounts, the 72(T), inherited retirement accounts, 457B's, roth conversion ladders, and the rule of 55. This week we are joined by the “FI Tax Guy” Sean Mullaney to walk through examples and discuss some strategies you could use when accessing your retirement funds early. No matter where you are on your FI journey, there can come a time where retiring early becomes a feasible option, but there can be many stipulations and tax implications that come with withdrawing your funds before the age of retirement. Tune in as we discuss several different options you can pursue in order access your money without having to wait until the 59 and a half year old threshold. The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Brad and the ChooseFI podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services. Sean Mullaney: ---Website: [fitaxguy.com] (https://fitaxguy.com/) ---Website: [Mullaney Financial and Tax] (https://www.mullaneyfinancial.com/) ---Twitter: [@SeanMoneyandTax] (https://twitter.com/SeanMoneyandTax) ---YouTube: <a href= "https://www.youtube.com/@SeanMullaneyVideos" target="_blank" rel= "noreferrer noopener">@SeanMullaneyVideos</a> FIRE in Vegas: ---Join Brad Barrett from ChooseFI, the Donegans from Rebel Finance School and other FI enthusiasts for <a href= "https://mailchi.mp/therebelschool/vegas-2024" target="_blank" rel= "noreferrer noopener">a weekend of inspiration, education and fun in Sin City.</a> Timestamps: ---0:47 - Introduction ---3:39 - Taxable Accounts ---19:03 - Inherited Retirement Accounts ---25:30 - The Rule of 55 ---28:39 - 457B's ---30:46 - Roth IRA Conversion Ladder ---39:12 - The 72(T) ---54:52 - Paying the Penalty ---57:25 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/mailbag-inflation-and-fi-aca-subsidies-roth-vs-trad-and-more-cody-garrett-ep-471/" target="_blank" rel="noreferrer noopener">Mailbag: Inflation and FI, ACA Subsidies, Roth vs. Trad and More | Cody Garrett | ChooseFI Ep 471</a> --- [The Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep 17R] (https://www.choosefi.com/roth-ira-conversion-ladder/) ---<a href= "https://www.choosefi.com/roth-ira-conversion-ladder-case-study/" target="_blank" rel="noreferrer noopener">Roth IRA Conversion Ladder Case Study | ChooseFI Ep 163R</a> --- [Retire On 72(T) Payments] (https://fitaxguy.com/retire-on-72t-payments/) ---<a href= "https://www.youtube.com/watch?v=q924qzkgJIk&ab_channel=SeanMullaney" target="_blank" rel="noreferrer noopener">72(t) Payments in Google Sheets</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

05 Feb 2024

58 MINS

58:24

05 Feb 2024


#635

474 | Social Security Deep Dive | Denis Shapiro

In this episode: social security, disability, calculating social security, claiming social security, and due diligence. This week we are joined by listener and owner of Financial Security Advocates Dennis Shapiro, to talk thru some of the insights and misconceptions surrounding Social Security Benefits, and what factors and resources you should consider while approaching retirement. The beauty of FI is that it opens up opportunities for you to retire early, but oftentimes we don’t consider how retiring early or even starting your own small business can impact your Social Security. While there is no true way of mastering the system to get the most benefit, there are many ways to prepare and plan in order to get the most out of your social security benefits! Remember, these benefits are not just safety nets when it comes time to retire, but can be an additional tool for investment that keeps you comfortable in your FI.  Denis Shapiro: ---Website: <a href= "http://fsadvocates.com" target="_blank" rel= "noreferrer noopener">fsadvocates.com</a> Timestamps: ---1:16 - Introduction ---5:10 - What Pays for Social Security? ---11:13 - Social Security and FI/Disability Insurance ---17:30 - What Earnings Go Towards Social Security? ---23:19 - Disability, Work Subsidies, and Income Related Work Expense ---29:03 - How Social Security Benefits Are Calculated ---37:05 - Claiming Social Security ---39:59 - Social Security and Medicare ---44:28 - Social Security and Due Diligence ---56:27 - Working and Disability Benefits ---59:59 - Conclusion Resources Mentioned In Today’s Episode: --- [SSA.gov] (https://www.ssa.gov/) ---<a href= "https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf" target="_blank" rel="noreferrer noopener">Social Security Fact Sheet</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

29 Jan 2024

1 HR 03 MINS

1:03:44

29 Jan 2024


#634

473 | Are We There Yet? 'Retire Early' Case Study

In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning. This week we are rejoined by Teresa as well as Fritz Gilbert of The Retirement Manifesto to walk us through a case study of how to approach retirement while on your FI journey. It’s a common question to ask when you can retire or when you can stop working? Luckily there are plans of action and resources available covered in today's episode that will leave you feeling better prepared to proceed with a plan for retirement, no matter what part of your FI journey you are on. While there are many factors to consider when planning for retirement, such as savings versus spending rate and repositioning your portfolio, all these factors are manageable when you have a good plan in place. Take the time now to feel confident for what life will be like leading up to and after you retire! The Retirement Manifesto: ---Website: <a href= "https://www.theretirementmanifesto.com/blog/" target="_blank" rel= "noreferrer noopener">theretirementmanifesto.com</a> ---Book: <a href= "https://www.theretirementmanifesto.com/my-book/" target="_blank" rel="noreferrer noopener">"Keys to a Successful Retirement:  Staying Happy, Active and Productive in Your Retired Years" by Fritz Gilbert</a> ---Case Study: <a href= "https://www.theretirementmanifesto.com/from-food-stamps-to-fire-a-case-study-on-retirement-planning/" target="_blank" rel="noreferrer noopener">From Food Stamps to FIRE: A Case Study on Retirement Planning</a> Timestamps: ---1:33 - Introduction ---2:37 - Calculating When You Can Retire ---7:46 - Does Retiring Early Effect Social Security? ---15:06 - Tracking Spending and Expenses ---20:55 - Health Insurance in Retirement ---29:49 - The Importance of Planning/Changing Your Assumptions ---40:17 - One More Year Syndrome/Your Health Span ---45:00 - The Second Phase of Retirement ---49:51 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/from-food-stamps-to-fi-theresa-ep-453/" target="_blank" rel="noreferrer noopener">From Food Stamps to FI | Theresa | ChooseFI Ep 453</a> --- [New Retirement] (http://www.choosefi.com/newretirement) --- [SSA Tools] (https://ssa.tools/) --- [Open Social Security] (https://opensocialsecurity.com/) --- [SSA.gov] (https://www.ssa.gov/myaccount/) ---<a href= "https://www.theretirementmanifesto.com/how-to-determine-when-to-claim-social-security/" target="_blank" rel="noreferrer noopener">How To Determine When To Claim Social Security (Retirement Manifesto)</a> ---<a href= "https://docs.google.com/spreadsheets/d/12lB6-hpIxvqMJOryQxm9wCV2An309J9KvPdcFrQQNhk/edit#gid=1060429676" target="_blank" rel="noreferrer noopener">The Retirement Manifesto Net Worth Template</a> ---<a href= "https://www.amazon.com/Outlive-Longevity-Peter-Attia-MD/dp/0593236599" target="_blank" rel="noreferrer noopener">"Outlive: The Science and Art of Longevity" by Dr. Peter Attia with Bill Gifford</a> ---<a href= "https://www.choosefi.com/what-happens-when-the-paycheck-stops/" target="_blank" rel="noreferrer noopener">What Happens When The Paycheck Stops? – Keys To A Successful Retirement With Fritz Gilbert (Part 1) | ChooseFI Ep 206</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

22 Jan 2024

50 MINS

50:15

22 Jan 2024


#633

472 | The Cure for the Boring Middle | Fioneers

In this episode: the boring middle, lifestyle design, flow states, moving towards purpose, experiments, and experiences. This week we are rejoined by friend of the podcast Jessica from The Fioneers to the discuss the point of your FI journey known as the “Boring Middle,” and how through actionable steps and lifestyle design you can turn what feels like a stagnant stage in your FI journey, into one filled with growth and change! When you are well on your path towards reaching your FI goal, it is easy to feel like you’re not doing enough. But what feels like a waiting game can actually be an important time for self growth and experimentation. Taking the time to do some introspection to figure out what your core motivations are can allow you to begin opening yourself up to newer experiences that bring value into your life. So if you feel like you are currently on autopilot, there are steps you can take to shake up your routine and usher in new opportunities into your life. While you may have to quiet your own limiting beliefs in this process, you will learn more about yourself and what you want out of your life!  The Fioneers: ---Website: [thefioneers.com] (https://thefioneers.com/) ---YouTube: [The Fioneers] (https://www.youtube.com/@fioneers) Timestamps: ---1:12 - The Boring Middle/Lifestyle Design ---7:19 - Determining Your Version of Success ---18:41 - Finding Your Flow State ---28:16 - Implementing Your Designed Lifestyle/Moving Towards Purpose ---36:09 - Questions, Experiments, and Experiences ---46:59 - Making Dreams Actionable ---52:09 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.youtube.com/watch?v=zCXuqRTMV4M&ab_channel=TheFioneers" target="_blank" rel="noreferrer noopener">Living Without Regret w/ Hospice Doctor (Slow FI Meetup)</a> --- [Find Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

15 Jan 2024

54 MINS

54:22

15 Jan 2024


#632

471 | Mailbag: Inflation and FI, ACA Subsidies, Roth vs. Trad and More | Cody Garrett

In this episode: inflation, coast FI, early retirement planning, future tax liability, IRA's and 401k's, and diversification. This week we are rejoined by founder of Measure Twice Money Cody Garrett for another installment of the Mail Bag, where we will be talking through questions from our listeners covering topics ranging from inflation and its implications on your FI number, ACA subsidies and early retirement, as well as the similarities and differences with Roth accounts and future retirement tax liabilities. Listen along while we dip into the listener mailbag this week and discuss topics chosen from YOU the listener! Cody Garrett: ---Website: [measuretwicefinancial.com] (https://www.measuretwicemoney.com/) ---LinkedIn: <a href= "https://www.linkedin.com/in/codylgarrett?trk=article-ssr-frontend-pulse_publisher-author-card" target="_blank" rel="noreferrer noopener">Cody Garrett</a> Timestamps: ---1:02 - Introduction ---1:35 - Inflation and Your FI Number ---11:41 - Early Retirement Planning ---21:55 - Calculating Future Tax Liability ---30:15 - Distinctions Between IRA and 401k ---33:37 - Diversification and Tech Stocks ---44:26 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/the-diy-financial-plan-ep-352/" target= "_blank" rel="noreferrer noopener">The DIY Financial Plan | EP 352</a> --- [Find Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) --- [Measure Twice Financial Calculator] (https://www.measuretwicemoney.com/ChooseFI2024) --- [See Healthcare Plans and Prices] (https://www.healthcare.gov/see-plans/#/) ---<a href= "https://www.youtube.com/watch?v=zJbhzazmCjI&ab_channel=MeasureTwicePlanners" target="_blank" rel="noreferrer noopener">Measure Twice Planners Preview: How to Review a Federal Tax Return</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

08 Jan 2024

45 MINS

45:40

08 Jan 2024


#631

470 | The Spectrum of Financial Independence | Chris Hutchins

In this episode: FI versus FIRE, coast FI, lean FI, tools for FI, the skill of spending, dying with zero, and prioritizing health. This week we are joined by our friend and host of the “All the Hacks” podcast, Chris Hutchins to discuss the “spectrum” of FI, and all that falls in between. From the evolution of FI over the years, to the changes we’ve made on our respective journeys, and even differentiating terms such as FI versus FIRE and Coast FI, we cover it all! We also found some time to share some tools and resources that can be beneficial to you and your FI journey. While the path to FI allows you to take control of your financials and future, this journey can usher in so many new perspectives and changes that affect all areas of your life! Allowing yourself flexibility and remembering that what you are working towards isn’t just a number or early retirement, but rather a more fulfilling life!  Chris Hutchins: ---Podcast: [All The Hacks] (https://www.allthehacks.com/) ---Newsletter: <a href= "https://www.allthehacks.com/blog/">All The Hacks Newsletter</a> Timestamps: ---1:16 - Introduction ---3:19 - FI Versus FIRE ---10:11 - Lean FI ---17:11 - Coast FI ---30:20 - Tools for Tracking FI ---41:48 - Optimizing Accounts ---47:56 - The Skill of Spending and Dying With Zero ---60:12 - Prioritizing Health ---70:01 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/071-silicon-valley-fi-chris-hutchins-grove/" target="_blank" rel="noreferrer noopener">Silicon Valley FI | Chris Hutchins | Grove | ChooseFI Ep. 71</a> ---<a href= "https://www.allthehacks.com/financial-independence-brad-barrett/" target="_blank" rel="noreferrer noopener">Financial Independence Without a Six Figure Salary</a> --- [Reflecting on All the Hacks, Valuing Time and Focusing on the Year Ahead] (https://www.allthehacks.com/episode-100-brad-barrett/) ---<a href= "https://earlyretirementnow.com/safe-withdrawal-rate-series/" target="_blank" rel="noreferrer noopener">Early Retirement Now Safe Withdrawal Rates Series</a> --- [Copilot] (https://copilot.money/) --- [Kubera] (https://www.kubera.com/) --- [ProjectionLab] (https://projectionlab.com/) ---<a href= "https://www.allthehacks.com/die-with-zero-bill-perkins/" target= "_blank" rel="noreferrer noopener">Die With Zero: Net Fulfillment Over Net Worth</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

01 Jan 2024

1 HR 10 MINS

1:10:53

01 Jan 2024


#630

469 | A Tale of Action | Navish Bahl

In this episode: real estate, upskilling, taking action, tracking your expenses, setting goals, getting on the same page, and the hot seat. This week we are joined by listener Navish Bahl to discuss his journey on the path to FI, the actionable steps he’s taken in order to maximize his life, answer some questions in the HotSeat, and navigating your FI journey while your significant other or family may not be on board. There are many avenues you can utilize in order to achieve FI, and while it may be overwhelming at times to figure out what works for you and your journey, remember that the goal is to learn and go through life with more freedom and balance, not stress and burnout trying to chase a number. The path to FI is a personal one, and as you embark on your journey allow yourself some patience but also some flexibility, and don’t forget to extend some patience to others in your life who may not be on the same path.  Navish Bahl: ---LinkedIn: <a href= "https://ca.linkedin.com/in/navish-bahl-9550b92a" target="_blank" rel="noreferrer noopener">Navish Bahl</a> Timestamps: ---0:52 - Introduction ---2:30 - The Inspiration to Start and Taking Action ---11:44 - Real Estate and Rental Properties ---18:42 - Upskilling, Getting New Jobs, and Making Connections ---33:09 - Discovery, Education, and Action in FI ---39:52- Tracking Your Expenses ---46:34 - Getting on the Same Page ---50:21 - The Hot Seat ---55:18 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=asc_df_1119356296/?tag=hyprod-20&linkCode=df0&hvadid=312106851030&hvpos=&hvnetw=g&hvrand=12873874688642339615&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1018381&hvtargid=pla-321445282293&psc=1&mcid=1a95a6b7728b3eed9fe85026ed25c43e&gclid=CjwKCAiAyp-sBhBSEiwAWWzTnvA39-6PBKyBMHjE435PtT4T4w2Y7EZqurmqnKheWkvwJ-O1VXtvNhoC55UQAvD_BwE" target="_blank" rel="noreferrer noopener">"Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School" By Andrew Hallam</a> ---<a href= "https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926/ref=asc_df_1533667926/?tag=hyprod-20&linkCode=df0&hvadid=312111907622&hvpos=&hvnetw=g&hvrand=13638273864300533431&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1018381&hvtargid=pla-627184947992&psc=1&mcid=4393f5ef95853eac9a7a198484b29a89&gclid=CjwKCAiAyp-sBhBSEiwAWWzTnksRS0vOWVF0g-1lLr-_MfmIMGLyiyiHnj8aOWBH8gyNKk-l37T2RhoC-H8QAvD_BwE" target="_blank" rel="noreferrer noopener">"The Simple Path to Wealth: Your road map to financial independence and a rich, free life" By J.L. Collins</a> ---<a href= "https://www.choosefi.com/small-and-mighty-real-estate-investor-chad-carson-ep-446/" target="_blank" rel="noreferrer noopener">Small and Mighty Real Estate Investor | Chad Carson | ChooseFI Ep 446</a> --- [CIT Bank Review: High Interest Rate Options] (https://www.choosefi.com/cit-bank-review/) --- [Find your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

25 Dec 2023

55 MINS

55:49

25 Dec 2023


#629

468 | Year End Wins 2023

In this episode: checking boxes, supplementing income, life by design, taking action, the value of time, and year end wins! This week we are re-joined by Johnathan for our 7th annual year-end-wins episode! Together we tune into voicemails sent by you the listener and celebrate your victories from 2023! From confidently investing in your future, to finding new friends and support systems within the FI community, we are proud to be a part of your journey towards reclaiming your freedom and your time! There are many small and large goals you all met that deserve to be celebrated! Listen along as we discuss and commend you for taking action and making the most out of your FI journey this year!  Timestamps: ---0:53 - Introduction ---3:03 - Katie, Supplementing Income, and Checking Boxes ---6:56 - Rakesh, Second Generation FI, and Investing ---9:02 - Stephanie, Life by Design, and the Health Snowball ---11:45 - Brian, Coast FI, Teaching FI, and Choosy Consulting ---16:16 - Boyd and Emergency Funds ---18:13 - International Coast FI, Taking Action, and Reclaiming Your Time ---21:25 - Anthony, Skilling Up, and Chasing Your Dream With FI ---25:35 - Donna, Helping Family, and Finding Peace Through FI ---30:24 - Bryan, The Value of Time, and Deciding to Change ---37:31 - Paul, FI Travel Wins, Healthcare, and College Hacking ---42:01 - Sabrina, Breaking the Cycle, Marginal Gains, and Being 1% Better ---47:52 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/from-vision-board-to-action-a-fi-success-story-rakesh-ep-436/" target="_blank" rel="noreferrer noopener">From Vision Board to Action: A FI Success Story | Rakesh | ChooseFI Ep 436</a> ---<a href= "https://www.choosefi.com/finding-your-locus-of-control-stereo-qa-ep-305/" target="_blank" rel="noreferrer noopener">Finding Your Locus of Control | Stereo Live Q&A | ChooseFI Ep 305</a> ---<a href= "https://www.choosefi.com/from-blood-cancer-to-the-boston-marathon-boyd-dunleavey-ep-394/" target="_blank" rel="noreferrer noopener">From Blood Cancer To The Boston Marathon | Boyd Dunleavey | ChooseFI Ep 394</a> --- [Millionaire Educator] (https://www.millionaireeducator.com/) ---<a href= "https://www.choosefi.com/016-house-hacking-coach-carson/" target= "_blank" rel="noreferrer noopener">House Hacking With Coach Carson | ChooseFI Ep 16</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

18 Dec 2023

48 MINS

48:28

18 Dec 2023


#628

467 | The Power of Community | Amy, Diania, and Stephen

In this episode: community, structuring FI events, unstructured time, the energy in the room, and vulnerability. We all know that the online FI community can help you along the journey in a variety of ways, but the abundance and ease of access to that community can lead to us forgetting the impact live FI events can have on your life. Our Guests Stephen, Amy, and Diania from CampFI, FI Freedom Retreats, and The EconoMe Conference respectively can attest to the power of in-person communities as they are the ones who work so hard to put them together! Together with Brad, the foursome talk about the different benefits that can come as a result of joining these conferences, and how “the energy in the room” can help you find value and take in information in ways you never thought possible! Amy, Diania, and Stephen: ---Stephen (CampFI): [campfi.org] (https://campfi.org/) ---Diania (EconoMe Conference): <a href= "https://economeconference.com/" target="_blank" rel= "noreferrer noopener">economeconference.com</a> (10% off using code "choosefi") ---Amy (FI Freedom Retreat): <a href= "https://www.fifreedomretreats.com/" target="_blank" rel= "noreferrer noopener">fifreedomretreats.com</a> Timestamps: ---1:04 – Knowing Versus Doing/The Benefit of Events ---8:32 – What Can Be Achieved Through Community ---14:02 – Being Vulnerable/The Effect of Multiple Days ---22:33 – The Evolution of FI Events ---31:23  – Structuring FI Events/The Energy in the Room ---43:00 – Attendees Finding Value ---51:10 – Conclusion Resources Mentioned In Today’s Episode: --- [Stacking Benjamins] (https://www.stackingbenjamins.com/) --- [Find Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) --- [Join ChooseFI’s Facebook Group] (https://www.facebook.com/groups/ChooseFI/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

11 Dec 2023

54 MINS

54:21

11 Dec 2023


#627

466 | Journey to Financial Freedom | Jamila Souffrant

In this episode: finding a sustainable path to FI, adjusting your lifestyle, guac levels, mindset, and finding what you want. Jamila Souffrant makes her long awaited return to the podcast to discuss building a sustainable path to FI, the importance of readjusting, financial freedom versus financial independence, as well as other topics detailed in her new book <a href= "https://yourjourneytofinancialfreedom.com/" target="_blank" rel= "noreferrer noopener">"Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness."</a> While you may begin your FI journey with a set plan in mind, that doesn’t mean the actions you take along the trail of your journey won't serve you at different stages. On this journey, you should never feel like you are depriving or overindulging, but rather finding a balance that works for you and brings you happiness in the present. Remember, reaching your FI goal should never be at the cost of your happiness, and while making necessary changes is part of FI, you shouldn’t be sacrificing your happiness in order to reach your goal quicker.  Being mindful and willing to change your plans just as life can change will not only bring you more freedom, but allow you to make the necessary mindset changes that will serve you in ways well beyond your financial journey!  Jamila Souffrant: ---Jamila's New Book: <a href= "https://yourjourneytofinancialfreedom.com/" target="_blank" rel= "noreferrer noopener">"Your Journey to Financial Freedom: A Step-by-Step Guide to Achieving Wealth and Happiness"</a> ---Podcast: <a href= "https://journeytolaunch.com/podcast/" target="_blank" rel= "noreferrer noopener">Journey to Launch</a> ---Website: [journeytolaunch.com] (https://journeytolaunch.com/) ---Socials: <a href= "https://www.instagram.com/journeytolaunch/" target="_blank" rel= "noreferrer noopener">@journeytolaunch</a> Timestamps: ---0:49 - Introduction/Update From Jamila ---5:02 - Finding Your Sustainable Path to FI ---11:55 - The Perks of Pursuing FI/Adjusting Your Lifestyle Levels ---17:17 - Diagnosing Your True Area of Need ---22:39 - Gaining Stability/Having Power From Your Money ---27:23 - The Importance of Mindset/Believing it's Possible ---31:10 - Finding What You Want ---38:59 - Setting Financial Goals ---41:18 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/073-jamila-souffrant-fail-forward/" target="_blank" rel="noreferrer noopener">Jamila Souffrant | Fail Forward | Journey to Launch | ChooseFI Ep. 73</a> --- ["The Tail End" by Tim Urban] (https://waitbutwhy.com/2015/12/the-tail-end.html) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---<a href= "https://www.choosefi.com/top-recommended-travel-cards/" data-type= "post" data-id="153934">Top 10 Recommended Travel Rewards Credit Cards</a> --- [Empower: Free Dashboard to Track Your Finances] (https://www.choosefi.com/pc) --- [CIT Bank Platinum Savings Account] (https://www.choosefi.com/CIT_PS) --- [M1 Finance: Commission-Free Investing, 1-click rebalancing] (https://www.choosefi.com/M1signup) --- [CashFreely: Maximize Your Cash Back Rewards] (https://my.cashfreely.net/share?bref=cfw) --- [Travel Freely: Track all your rewards cards and points] (https://my.travelfreely.net/share?bref=cfw) --- [Emergency Binder: For Your Family’s Essential Info] (https://www.choosefi.com/legacybinder-blog)  (code ‘CHOOSEFI’ for 20% off) --- [Student Loan Planner: Custom Consult] (https://www.studentloanplanner.com/choosefi/) (with $100 Discount) ... Read more

04 Dec 2023

42 MINS

42:19

04 Dec 2023


#626

465 | Jonathan Returns: Upside Down Economics and the Priceless Value of a Great Question

In this episode: lessons from failure, curiosity, mastering the small things, skilling up, and the value of time. The return of Johnathan! Yes Jonathan is returning to the show to catch up on the work he’s been doing behind the scenes over the last year and a half, the value of freeing up your time, skill spending, and the importance of focusing on the little things while keeping the bigger picture in mind. Whether it’s when you’re just starting your FI journey or if it’s in other areas of your life, failure and mistakes can be inevitable. However, they should never keep you from trying to build and create the life you are working towards! One of the key lessons taught in FI is to change your mindset from one of scarcity to one of growth, and part of that challenge means identifying failures and taking action to learn from them. While you are working towards your own “big picture” on this journey, don’t forget to focus on the smaller things. Not only will it allow you to pay closer attention to what you are doing right and wrong, but it makes it easier for you to pivot and reevaluate when necessary! This journey is not just about reaching that final goal, but about using the knowledge and lessons learned along the way to make life a little bit freer and a little bit easier! Timestamps: ---0:22 - Introduction ---1:26 - Update From Jonathan/Lessons From Failure ---8:53 - The Curious Mindset ---17:57 - Failing Forward and The Small Things ---27:42 - The Importance of Skilling Up in Today's World ---36:30 - Your Most Valuable Non-Renewable Resource ---44:11 - Paying Off The Mortgage/Donor Advised Funds ---59:19 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/beginning-of-a-new-era-ep-392/" target= "_blank" rel="noreferrer noopener">Beginning of a New Era | ChooseFI Ep 392</a> ---<a href= "https://www.amazon.com/Art-Fear-Observations-Rewards-Artmaking/dp/0961454733" target="_blank" rel="noreferrer noopener">“Art & Fear: Observations On The Perils (and Rewards) of Artmaking” by David Bayles</a> ---<a href= "https://www.choosefi.com/creating-your-entrepreneurial-flywheel-nathan-barry-ep-455/" target="_blank" rel="noreferrer noopener">Creating Your Entrepreneurial Flywheel | Nathan Barry | ChooseFI Ep 455</a> --- [CIT Bank Review: High Interest Rate Options] (https://www.choosefi.com/cit-bank-review/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or more with these <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-free investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

27 Nov 2023

59 MINS

59:37

27 Nov 2023


#625

464 | Budgeting Masterclass | Tiffany "The Budgetnista" Aliche

In this episode: the make whole mindset, budgeting, grace and space, automation, and splitting it before you get it. This week we are re-joined by Tiffany Aliche better known as "The Budgetnista” to discuss her new book <a href= "https://thebudgetnista.com/order-made-whole/pre-sale/" target= "_blank" rel="noreferrer noopener">"Made Whole: The Practical Guide to Reaching Your Financial Goals"</a> which details her 10 step system towards financial wholeness, the ease of automating payments, the importance of accountability partners, as well as designing separate accounts to reflect your needs. It can be intimidating to begin addressing your finances and planning your financial future, but your past mistakes or lack of knowledge should never be the thing holding you back from beginning your FI journey. Building a financial foundation for yourself doesn’t happen overnight. Everyday it requires you to make the necessary changes and instill new habits that get you closer and closer to your goals. And while personal finance is personal, there is no reason to go through it alone. No matter your background or what stage of life you begin FI, there is a large community of people on this journey that will embrace and celebrate the smaller milestones just as much as the bigger ones! Tiffany "The Budgetnista" Aliche: ---Website: [thebudgetnista.com] (https://thebudgetnista.com/) ---Get You Copy of Tiffany's New Book Coming Out on November 21st 2023: <a href= "https://thebudgetnista.com/order-made-whole/pre-sale/" target= "_blank" rel="noreferrer noopener">"Made Whole: The Practical Guide to Reaching Your Financial Goals"</a> ---Tiffany's Last Book: <a href= "https://www.amazon.com/Get-Good-Money-Becoming-Financially/dp/0593232747" target="_blank" rel="noreferrer noopener">"Get Good with Money: Ten Simple Steps to Becoming Financially Whole"</a> Timestamps: ---1:00 - Introduction ---2:06 - The Make Whole Mindset ---8:19 - Automation ---18:34 - Grace and Space For Learning ---28:29 - Split It Before You Get It ---37:43 - Splitting Your Saving Accounts ---44:41 - Emergency Savings/Personal Finance is Personal ---54:28 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/get-good-with-money-tiffany-aliche-the-budgetnista-ep-310/" target="_blank" rel="noreferrer noopener">Get Good With Money | Tiffany Aliche the Budgetnista | ChooseFI Ep 310</a> ---<a href= "https://www.choosefi.com/from-financial-imperfection-to-americas-favorite-budget-expert-tiffany-aliche-ep-240/" target="_blank" rel="noreferrer noopener">From Financial Imperfection to America’s Favorite Budget Expert | Tiffany Aliche | ChooseFI Ep 240</a> --- [The Great Man Within] (https://www.thegreatmanwithin.com/) --- [The Emergency Fund…Is it a Bad Idea? | Big ERN The Reveal | ChooseFI Ep. 66] (https://www.choosefi.com/066-the-emergency-fund/) --- [CIT Bank Review: High Interest Rate Options] (https://www.choosefi.com/cit-bank-review/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or more with these <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-free investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

20 Nov 2023

55 MINS

55:18

20 Nov 2023


#624

463 | Superpower of Frugality | Frugal Friends

In this episode: frugality, value based spending, honoring your season, identity, budgets, financial goals, and minimalism. When you think of the word frugal what comes to mind? To some it can mean spending on what you absolutely need and leaving little wiggle room for anything else, but to others frugality is not just a restrictive budget but a superpower! This week we are joined by Jen and Jill of the Frugal Friends podcast to discuss the intersectionality of frugality and the FI journey, as well as finding the balance between budgeting to invest in the future you want without depriving yourself in the present. Mindfulness and paying attention to the things you spend money on is an important part of the FI journey, but it is just as important to be mindful of the things that bring value and joy into your life. While budgeting and reducing your spending can help you reach the FI finish line a bit quicker, it should never be at the expense of cutting out the things in your life that are fulfilling! Implementing frugal habits and finding a budget that works and changes with your life can be an incredible tool while on the path to FI, because not only does it open up opportunities to invest monetarily, but also invest in yourself and the life you want to live!  Frugal Friends: ---Website: <a href= "https://www.frugalfriendspodcast.com/" target="_blank" rel= "noreferrer noopener">www.frugalfriendspodcast.com</a> ---Podcast: <a href= "https://podcasts.apple.com/us/podcast/frugal-friends-podcast/id1374910857" target="_blank" rel="noreferrer noopener">The Frugal Friends Podcast</a> ---Newsletter: <a href= "https://www.frugalfriendspodcast.com/friendletter/" target= "_blank" rel="noreferrer noopener">The Friend Letter</a> Timestamps: ---1:11 - Introduction ---3:24 - Balancing Frugality ---12:38 - Frugality, FI, and How They Fit Together ---17:21 - Budgeting and Value Based Spending ---26:43 - Honoring Your Season ---29:22 - Financial Goals and Identity ---36:50 - Examining Budgets and Sinking Funds ---42:53 - The Intersection of Frugality and Minimalism ---49:37 - Prioritizing Value Based Spending ---53:44 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/005-every-one-needs-dave-ramsey-ignore/" target="_blank" rel="noreferrer noopener">Why Everyone Needs Dave Ramsey and Why You Should Ignore Him | ChooseFI Ep. 5</a> --- [Leave Us A Review] (https://www.choosefi.com/listen/itunes/) --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or more with these <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-free investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

13 Nov 2023

55 MINS

55:35

13 Nov 2023


#623

462 | Pathfinders | JL Collins

In this episode: the power of pursuit, FU money, index investing, investing the difference, and the simple path to wealth. This week we are joined by the godfather of the FI movement himself JL Collins to discuss the themes of his new book <a href= "https://www.amazon.com/Pathfinders-Extraordinary-Stories-Financial-Independence_And/dp/180409000X" target="_blank" rel="noreferrer noopener">"Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them."</a> While there is no perfect blueprint to mastering your money, there can be confidence and motivation to be found in the stories of others who have been in your position regardless of what part of the path to FI you are on! Though this journey requires you to have to take action and make necessary financial changes, it is never about complexity and deprivation. But rather, this journey is about recognizing the freedoms gained while pursuing FI, not just when you reach your FI goal! The moment you begin to simplify your path to wealth, you will find yourself becoming a stronger and happier individual! JL Collins: ---Check Out JL's New Book <a href= "https://www.amazon.com/Pathfinders-Extraordinary-Stories-Financial-Independence_And/dp/180409000X" target="_blank" rel="noreferrer noopener">"Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them"</a> ---Website: [jlcollinsnh.com] (https://jlcollinsnh.com/) ---Other Book: <a href= "https://www.amazon.com/gp/product/1533667926/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1533667926&linkCode=as2&tag=jlcollinsnh-20&linkId=1b236a42ef2205f07c4e83e9a984bd17" target="_blank" rel="noreferrer noopener">"The Simple Path to Wealth: Your road map to financial independence and a rich, free life"</a> Timestamps: ---1:25 - Introduction ---4:27 - The Power Of Pursuit And FI ---13:48 - Buying Your Freedom ---22:34 - There's No Secret To Money ---30:35 - The Power Of Index Investing ---43:29 - Spend Less, Avoid Debt, And Invest The Difference ---51:27 - Following The Simple Path To Wealth ---56:26 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.amazon.com/Quit-Like-Millionaire-Gimmicks-Required-ebook/dp/B07LDVH2GG/ref=sr_1_1?hvadid=677029982159&hvdev=c&hvlocphy=9015301&hvnetw=g&hvqmt=e&hvrand=8681909117757140751&hvtargid=kwd-803406499166&hydadcr=22159_13517521&keywords=quit+like+a+millionaire+book&qid=1699214546&sr=8-1" target="_blank" rel="noreferrer noopener">"Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Kristy Shen and Bryce Leung</a> --- [10 Reasons People Invest in Hedge Funds] (https://jlcollinsnh.com/2023/08/02/hedge-funds/) --- [A Wealth Of Common Sense] (https://awealthofcommonsense.com/) ---<a href= "https://jlcollinsnh.com/2023/10/08/32-things-to-know-about-following-the-simple-path-to-wealth/" target="_blank" rel="noreferrer noopener">32 Things to Know about Following The Simple Path to Wealth</a> ---<a href= "https://jlcollinsnh.com/2017/07/26/time-machine-and-the-future-returns-for-stocks/#:~:text=These%20days%20the%20consensus%20view,we%20might%20otherwise%20historically%20expect." target="_blank" rel="noreferrer noopener">Time Machine and the Future Returns for Stocks</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or more with these <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-free investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

06 Nov 2023

58 MINS

58:18

06 Nov 2023


#622

461 | Taking Space for Yourself and Community | October Roundup

In this episode: community, building fun into your life, college planning, fear, following threads, and travel rewards. This week we are rejoined by Ginger for another installment of the Round-Up, where we catch up and discuss our favorite takeaways from this past month’s episodes. From learning how to best prepare your child for the college application process, to the importance of introspection to pinpoint and work with your fears, and finally to re-framing your fearing relationship with money. It’s been a great month with content full of information that all listeners can relate to, no matter what part of the FI journey they are in! Timestamps: ---0:37 - Introduction ---3:23 - Community ---12:45 - Building Fun Into Your Life ---17:51 - Usage Of Travel Rewards ---29:51 - College Planning ---37:18 - Following the Threads, Fear, And Money ---49:32 - Retirement Investing/The Mailbag ---57:00 - Conclusion Resources Mentioned In Today’s Episode: --- [FI is Fun] (https://fiisfun.com/) --- [FinCon] (https://finconexpo.com/) --- [The Great Man Within] (https://www.thegreatmanwithin.com/) --- [EconoME Conference (Coupon Code "choosefi" for 10% Off!)] (https://economeconference.com/) --- [CampFI] (https://campfi.org/) --- [FI Freedom Retreats] (https://www.fifreedomretreats.com/) --- [Find Your Local ChooseFI Group] (https://apps.choosefi.com/local-groups/) ---<a href= "https://www.amazon.com/Inheritance-Games-Jennifer-Lynn-Barnes/dp/1368052401"> "The Inheritance Games" By Jennifer Lynn Barnes</a> ---<a href= "https://www.amazon.com/The-Blade-Itself-Joe-Abercrombie-audiobook/dp/B014LLTNGK/ref=sr_1_1?hvadid=409910006361&hvdev=c&hvlocphy=1015214&hvnetw=g&hvqmt=e&hvrand=8534585044957539311&hvtargid=kwd-2758327502&hydadcr=22535_11318315&keywords=the+blade+itself&qid=1698614012&sr=8-1"> "The Blade Itself" by Joe Abercrombie</a> ---<a href= "https://www.choosefi.com/mailbag-cover-your-expenses-rachael-camp-ep-457/" target="_blank" rel="noreferrer noopener">Mailbag: Cover Your Expenses | Rachael Camp | ChooseFI Ep 457</a> ---<a href= "https://www.choosefi.com/are-you-prepared-for-college-brian-eufinger-ep-460/"> Preparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460</a> ---<a href= "https://www.choosefi.com/a-healthy-state-of-panic-farnoosh-torabi-ep-458/"> A Healthy State of Panic | Farnoosh Torabi | ChooseFI Ep 458</a> ---<a href= "https://www.choosefi.com/follow-the-threads-cory-muscara-ep-459/">Follow the Thread | Cory Muscara | ChooseFI Ep 459</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or More With These <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-Free Investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

30 Oct 2023

58 MINS

58:25

30 Oct 2023


#621

460 | Preparing for the Cost of College | Brian Eufinger

In this episode: financial aid, college planning, standardized tests, tests optional, need meeting, and preparation. This week we are re-joined by Brian Eufinger to discuss ways to best prepare your children for college admissions, navigating the new changes to FAFSA and the CSS profile, and how you can maximize when prepping for your child’s higher education. While college prep can be stressful for students, from maintaining their GPA to taking multiple standardized tests, it can be just as stressful for parents to figure out financial aid and how to best set up their child for success before and after graduation. However, knowing the factors to consider early on and having the knowledge in advance can make this process far less daunting! While stressful as it may be, remember that there are many different resources available to you and your child that give you the knowledge that may alleviate the pressures that come with college prep and financial aid!  Brian Eufinger: ---Free diagnostic mock SAT and ACT tests (each weekend):  [www.edisonprep.com/mocks/] (http://www.edisonprep.com/mocks/) ---Free information sessions on college admissions (6-7x / year, including one on 11/14 @ 7pm EST): <a href= "http://www.edisonprep.com/infosession/" target="_blank" rel= "noreferrer noopener">www.edisonprep.com/infosession/</a> ---How to self-prep for the SAT/ACT: <a href= "http://www.gettestbright.com/self-prep-for-the-sat-act/" target= "_blank" rel= "noreferrer noopener">www.gettestbright.com/self-prep-for-the-sat-act/</a> ---Edison Prep Bios: <a href= "http://www.edisonprep.com/bio/" target="_blank" rel= "noreferrer noopener">www.edisonprep.com/bio/</a> Timestamps: ---1:06 - Introduction ---4:53 - The Impact of Merit Aid ---11:49 - When, Where, and How to Think About Standardized Tests ---18:33 - The Intersection of The School, Price, Opportunity, and Comfort ---25:20 - Standardized Tests and The Reality of Preparation ---31:08 - Tests (Not) Optional ---37:32 - Governmental Forms and Financial Aid ---46:43 - The Variance of Need Meeting and Aid Changes ---51:13 - Preparation and Knowledge With College Planning ---55:23 - Non-Academic Path to Savings ---58:14 - Conclusion Resources Mentioned In Today’s Episode: ---<a href= "https://www.choosefi.com/114-how-to-get-college-scholarships/" target="_blank" rel="noreferrer noopener">Demystify College Scholarships | Brian Eufinger | Edison Prep | ChooseFI Ep 114</a> --- [Hacking The FAFSA | Brian Eufinger And Seonwoo Lee | ChooseFI Ep. 154] (https://www.choosefi.com/hacking-the-fafsa/) ---<a href= "https://www.collegematchpoint.com/major-financial-aid-changes-coming-what-families-need-to-know" target="_blank" rel="noreferrer noopener">Major Financial Aid Changes Coming: What Families Need to Know</a> ---<a href= "https://www.forbes.com/advisor/student-loans/fafsa-changes-what-you-need-to-know/" target="_blank" rel="noreferrer noopener">FAFSA Changes Are Coming: What You Need To Know</a> ---<a href= "https://www.bigjeducationalconsulting.com/blog/big-js-very-brief-guide-to-the-fafsa-and-css-profile-2024-2025" target="_blank" rel="noreferrer noopener">Big J’s Very Brief Guide to the FAFSA and CSS Profile</a> ---<a href= "https://www.nerdwallet.com/article/loans/student-loans/how-the-fafsa-simplification-can-impact-your-financial-aid#:~:text=After%20FAFSA%20simplification%3A%20Unlike%20the,the%202023%2D24%20school%20year" target="_blank" rel="noreferrer noopener">How the FAFSA Simplification Can Impact Your Financial Aid</a> ---<a href= "https://www.csac.ca.gov/sites/main/files/file-attachments/summary_of_changes_for_the_2024-25_fafasa.pdf" target="_blank" rel="noreferrer noopener">Summary of Changes to the 2024-2025 FAFSA</a> ---<a href= "https://www.choosefi.com/the-100k-glorified-sleepaway-camp-millionaire-educator-ep-386/" target="_blank" rel="noreferrer noopener">The $100K Glorified Sleepaway Camp | Millionaire Educator | ChooseFI Ep 386</a> --- [Subscribe to The FI Weekly!] (https://www.choosefi.com/read/newsletter/) More Helpful Links and FI Resources: ---Earn $1,050 or More With These <a href= "https://www.choosefi.com/earn-cash-back-credit-cards/">3 Cash Back Cards</a> ---Share FI by sending a friend <a href= "https://store.choosefi.com/blueprint-to-fi/">ChooseFI: Your Blueprint to Financial Independence</a> ---Find a new side hustle with one of our <a href= "https://www.choosefi.com/education-courses/" target="_blank" rel= "noreferrer noopener">Educational Courses</a> ---Commission-Free Investing with <a href= "https://www.choosefi.com/M1signup">M1 Finance</a> ... Read more

23 Oct 2023

59 MINS

59:04

23 Oct 2023