ChooseFI

In this episode: the 4% rule, second generation FI, retirement saving, 529's, 401k's, and is it too late for FI? This week we joined by Rachel Camp of Camp Wealth for another installment of Mail Bag, where we will be answering some questions sent in by our listeners. Together, we cover topics surrounding the 4 percent rule, starting the FI journey “late”, the importance of tax diversity in your retirement accounts, and the potential benefits and drawbacks to 529 plans. On the path to FI, the community this journey brings can be the best resource, and answering any questions you may have is our way to ensure you're well on your way to FI, as well as help others in the community who may be navigating similar scenarios! Rachael Camp: Website: rachaelcampwealth.com Twitter: @camp_wealth Timestamps: 1:09 - Introduction 3:22 - Can It Be Too Late For FI?/Credit Card Debt 18:25 - The 4% Rule And Early Retirement 27:02 - Withdrawing Earnings 40:06 - Not Maxing Out Your 401k? 50:03 - 529's and Financial Aid 57:04 - Second Generation FI 72:10 - Conclusion Resources Mentioned In Today's Episode: Subscribe to The FI Weekly! The Safe Withdrawal Rate Series "Die With Zero: Getting All You Can from Your Money and Your Life" By Bill Perkins FICalc How and Why to Set up a Roth IRA Conversion Ladder More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: the importance of starting, everything is negotiable, talentstacking, building your flywheel, and Ginger! As September comes to a close, it's once again time for another Roundup episode! This week we are rejoined by Ginger, where we will be revisiting the topics of our September episodes and discussing our favorite takeaways and the talking points that stood out to us. From the importance of perseverance on your path to FI and embracing the community this journey brings, and negotiating salary with confidence, to finally skill stacking and the teaching opportunities it may bring for you and others! So lets look back on what FI can look like from the different points of view of our past month's guests, and move into October better informed and better prepared!  Timestamps: 0:35 - Introduction 2:02 - Taxes And After-Tax Brokerage Accounts 9:55 - The Importance Of Starting/Community 19:52 - Decision Making Strategy/Focusing On The Future 23:53 - Everything Is Negotiable/Being Prepared And Doing the Work 31:31 - Talentstacking And Building Your Flywheel 36:14 - What Your Money Can Do For You 41:55 - Reviews And Conclusion Resources Mentioned In Today's Episode: FI is Fun From Food Stamps to FI | Theresa | ChooseFI Ep 453 Find Your Local ChooseFI Group CampFI EconoME Conference "Widen the Window: Training Your Brain and Body to Thrive During Stress and Recover from Trauma" by Elizabeth A. Stanley Salary Negotiation & Early Retirement | Financial Mechanic | ChooseFI Ep 454 Creating Your Entrepreneurial Flywheel | Nathan Barry | Ep 455 Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: it's not easy it's simple, the flywheel, being consistent, skilling up, the gift of time, and what money can provide. This week we are joined by founder and creator of ConvertKit, Nathan Barry to discuss his entrepreneurial journey and how the fundamentals of FI helped drive him to create and build a successful business. We often discuss the importance of skill stacking when on the journey to FI, but we sometimes forget to touch on the trial and error that comes with learning and creating something new for yourself. While you can't expect to start something new and be faced with little to no challenges, this leaves more opportunities for personal growth and important lessons! So whether it's learning a new side hustle or starting a business, it's important to remember that you may not always know how to do something perfect when you begin. You should not count yourself out or give up when you don't see instant results, but rather reach out to new communities and take the lessons in stride! Though it takes time and effort, it's worth it! Nathan Barry: Website/Newsletter: nathanbarry.com Twitter: @nathanbarry Business: convertkit.com Timestamps: 1:23 - Introduction 3:24 - Nathan and FI 15:56 - Not Burning the Boats 22:26 - It's Not Easy, But it's Simple/Unique Messengers 33:00 - Being Consistent, Showing Up, and Skilling Up 44:22 - The Flywheel 58:01 - What Money Can Provide/The Gift of Time 70:16 - Conclusion Resources Mentioned In Today's Episode: Mr. Money Mustache Physician on FIRE "The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future" By Chris Guillebeau "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins The Tail End School of Greatness Podcast Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: salary negotiation, knowing your worth, doing your own research, anchoring, and facing job offers. We often talk about the importance of shifting out of a scarcity mindset towards an abundant one, and this can mean leaving a job for a new one, or even asking for a higher wage. But how do you overcome the guilty feelings that can arise when wanting to level up? This week we are re-joined by the Financial Mechanic to discuss the art and steps to successful salary negotiating, from doing your research to collaboratively working with hiring managers, and learning to handle the discomfort and self doubt that can come when asking for more. While negotiating can make you feel uncomfortable or even intimidated, it's important to remind yourself that asking for what you want does not mean you are begging. Rather, it means you know your worth and are advocating for yourself and your future! Though it takes practice, learning how to confidently negotiate can make a difference in your present but make all the difference in your future and your FI goals!  Financial Mechanic: Website: financialmechanic.com Twitter: @fimechanic Timestamps: 1:05 - Introduction 5:21 - The Win-Win of Salary Negotiation 14:40 - Delay Talking About Salary 18:42 - Doing Your Research 25:33 - Knowing Your Worth 29:21 - The Negotiation 36:44 - Negotiation is About More Than Salary 41:10 - Accepting, Rejecting, and Making Your Decision 44:49 - Updates From The Financial Mechanic 53:25 - Conclusion Resources Mentioned In Today's Episode: How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | Ep 211 Glassdoor 1 Year of Early Retirement (With Numbers) Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: the importance of community, finding financial literacy, pulling the levers of FI, and the hot seat. We've heard incredible stories of FI from many of our listeners, but this week we are lucky to hear from someone who overcame so much in order to achieve the life she always wanted. This week we are joined by one of our listeners Teresa, where we discuss her incredible story of navigating and overcoming debt as a single mother to building a strong foundation of financial literacy and knowledge for herself and her daughters! Some of us on the path to FI may not have grown up surrounded by great financial models, and maybe some of our listeners may feel overwhelmed with the new tips and knowledge that FI brings, but please remember that feeling unprepared is no reason to count yourself out on this journey! Your past failures or mistakes shouldn't hold you back from building the life you want and the life you deserve, but rather they should motivate you to learn and grow into the best future version of yourself! Timestamps: 1:06 - Introduction 2:52 - Theresa's Story 9:02 - Awakening 16:31 - Finding Financial Literacy and What Came With It 22:22 - The Importance of Community 31:36 - You've Recovered Financially, Now What? 39:43 - Pulling The Levers of FI 49:02 - The Opportunity FI Provides 55:37 - Theresa Takes The Hot Seat 64:41 - Conclusion Resources Mentioned In Today's Episode: Dave Ramsey Coach Carson "Everyday Cheapskate's Greatest Tips" By Mary Hunt "Retire Inspired: It's Not an Age, It's a Financial Number" By Chris Hogan Financial Peace Graduates | What Next? | Andy Hill | ChooseFI Ep 68 Welcome To The FI Community | ChooseFI Ep. 100 "The Simple Path to Wealth: Your road map to financial independence and a rich, free life" By J.L. Collins Grumpus Maximus Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: spending for value, mastering your finances, what nourishes you, limiting beliefs, and getting the best out of yourself. The end of August is rapidly approaching which means it is time for another round-up episode. To close out the month this time we are joined by Katie Gatti from "Money with Katie" to discuss all the lessons we picked up from the last month of ChooseFI! Whether it's planning a mini-retirement, designing what your want your life to look like, or forming your identity statements, our wonderful August guests have provided some amazing blueprints for you to start becoming the best version of yourself. So now that the summer is ending, it seems like a great time to take action on what we have learned together! Katie Gatti: Website: moneywithkatie.com Podcast: The Money With Katie Show Timestamps: 1:11 - Introduction 4:34 - Spending For What You Value 9:59 - Getting The Best Out Of Yourself 14:26 - Claiming The Life You Want 24:59 - Mastering Your Financials First 33:20 - Limiting Beliefs 44:48 - It's Not Too Late To Start/What Nourishes You? 50:42 - Identity Statements 54:38 - Conclusion Resources Mentioned In Today's Episode: Why Decluttering Can Lead to Increased Brain Power "Goodbye, Things: The New Japanese Minimalism" by Fumio Sasaki Rubber Ducks and Systems for Land Investing | ChooseFI Ep 449 Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud | ChooseFI Ep 451 Catching up to FI | Becky Heptig & Bill Yount | Ep 450 "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins Miss Excel Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: mini-retirements, building fun into your life, structuring and planning mini-retirements, negotiating, and gaining momentum. When pursuing your FI goal, it can feel like you are on a set trajectory, and picking up new habits or hobbies can seem overwhelming because you don't have the time to focus on them. However, you should never feel held back from starting something new! This week we are joined by Jillian Johnsrud to define and discuss the mini-retirement strategy, and how taking a break to recover, relax, and re-strategize can propel you towards your FI goals! Sometimes the thought of taking a break can seem scary, or even the thought of relaxing can be more stressful than it's meant to be. But, taking the time and space away from your usual structure can allow you the space and bandwidth to pursue other avenues that you are passionate about! While the thought of a mini-retirement can leave you feeling unstructured from your usual 9-5, it can usher in more time for hobbies, side hustles, or even new jobs! So, while your journey to FI may be filled with rules and guidelines set in place to help you reach your FI goal, remember that there is no harm in taking an active rest in order to restructure your goals and re-motivate you!  Jillian Johnsrud: Website: jillianjohnsrud.com Podcast: Everyday Courage Book: "Fire the Haters: Finding Courage to Create Online in a Critical World" Timestamps: 0:59 - Introduction 3:34 - Building Fun Into Your Life 12:25 - The Purpose of Mini-Retirements 19:35 - Structuring A Mini Retirement And Avoiding Mistakes 28:25 - Gaining Momentum In A Mini-Retirement 37:17 - Mini-Retirement Negotiation 45:55 - Planning A Mini-Retirement 50:42 - Conclusion Resources Mentioned In Today's Episode: "Influence : The Psychology of Persuasion" by Robert Cialdini Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: changing your mindset, starting FI at 50, the pros and cons of starting late, and facing your faults. We always say on this show that FI is for everyone, but our guests Becky Heptig and Bill Yount really embody this message. As hosts of the "Catching Up to FI" podcast, Becky and Bill are a fantastic resource for those who have found FI later in life and still would like to give it a go despite the delayed start! While FI looks different for everyone and can be influenced by when you start, we agree with Bill and Becky in saying becoming intentional with your finances is always a positive decision, no matter when you do it in life. Although your path may look different from those who started earlier, you would still be taking steps to better your life inside and around your finances. Perfection isn't the goal, improvement is what we strive for, and a positive step is still a step in the right direction! Becky Heptig & Bill Yount: Website: catchinguptofi.com Podcast: Catching Up to FI Facebook: Catching Up to FI Facebook Group Timestamps: 1:10 - Introduction 4:29 - Changing Your Mindset and Facing Your Faults 14:32 - Taking Late Action 21:34 - Getting Stuck and Overcoming It 24:28 - Starting FI at 50 33:25 - Is It Ever Too Late To Start FI? 40:00 - The Pros and Cons of Starting Late 44:45 - The Growth of Those Catching Up to FI 48:22 - Conclusion Resources Mentioned In Today's Episode: Is It Too Late? | Becky Heptig | ChooseFI Ep. 152 The Shockingly Simple Math Behind Early Retirement Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs | Sean Mullaney | ChooseFI Ep 447 Dave Ramsey JL Collins Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: determining your FI goals, real estate investing, land investing, liquidity, and proof of concept. Whether you are new to FI or have achieved it, you have probably noticed a big change not only in how you live your life, but how you perceive yourself. You may be more intentional and strive to make changes in all areas of your life, not just financial ones. This week we are joined by our friend JT Olmstead to discuss the ins and outs of land investing, as well as talk about the importance of  having the right mentality to accomplish your goals and become the best version of yourself. While on the journey to FI, you may feel momentum and motivation to keep pushing towards your FI number, but oftentimes the journey doesn't end when you get to the finish line. A large part of this journey is learning from failures, changing your goals, and changing your plans as you change!  Though your plans and goals may not always be accomplished the way you think, having the right mindset throughout this journey will be just as beneficial to you as having plans in place.  Timestamps: 0:56 - Introduction 5:20 - Determining Your FI Goals 11:34 - The Top End of Your Capabilities/The Skill Of Saying No 22:01 - Real Estate Investing 27:43 - Transitioning to Land Investing 32:16 - The Intersection of FI and Real Estate Investing 42:12 - Personal Proof of Concept/Land Investing 48:17 - Liquidity/Structuring Buying and Selling Systems 59:52 - Resources For Land Investing/Where to Start 62:59 - The Hot Seat 72:12 - Conclusion Resources Mentioned In Today's Episode: Camp FI Mr. Money Mustache Small and Mighty Real Estate Investor | Chad Carson | ChooseFI Ep 446 Biggerpockets FIRE Drill Podcast Seth Williams RE Tipster Annie Duke Casual Fridays Podcast "The Comfort Crisis: Embrace Discomfort To Reclaim Your Wild, Happy, Healthy Self" by Michael Easter Join ChooseFI's Facebook Group! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

As this month comes to a close, we think it's only fitting to reflect on what July's incredible guests have had to say, and what new knowledge and perspectives they've brought to the table. This week we are back with Ginger and introducing a more structured Round-Up, where we will be revisiting topics from this past month's episodes and discussing our favorite moments and takeaways. While the subjects of this month's episodes have varied from spending for happiness to understanding Roth conversions, there is still more to learn and unpack before moving onto August!  Timestamps: 1:44 - Introduction 2:17 - Listener Updates/Travel Rewards 7:08 - Spending for Happiness 18:35 - Saving Addiction 22:01 - The Fundamental Truths of Investing 31:12 - The Small and Mighty Real Estate Investor 41:11 - Roth Conversions/Breaking Up with Your Financial Advisor 49:50 - Purposefully Not Optimizing 55:58 - Conclusion Resources Mentioned In Today's Episode: The Invisible Nature of Spending | Ginger Roundup | ChooseFI Ep 443 ChooseFI's Top 10 Recommended Travel Rewards Cards Spending for Happiness | Carl Jensen & Doug Cunnington | ChooseFI Ep 444 Cometeer Fundamental Truths of Investing | Brian Feroldi | ChooseFI Ep 445 Small and Mighty Real Estate Investor | Chad Carson | ChooseFI Ep 446 Nick Magguilli Return on Hassle Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs | Sean Mullaney | Ep 447 FI is Fun More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: financial advisor breakups, I bonds, the 4% rule, second generation FI, Roth IRAs, and the listener mailbag. Breakups are hard, but breaking up with financial advisor can be harder given the minutia that is often involved in doing so. It's good to have friends to lean on in times like this, which is exactly why we have the FI Tax Guy himself Sean Mullaney with us to help! Listen along as he and Brad dip back into the listener mailbag this week and discuss a plethora of topics submitted by YOU the listener! Sean Mullaney: Website: fitaxguy.com Sean's Roth IRA Blog Post: How I Learned To Stop Worrying About The Roth IRA 5 Year Rules Timestamps: 0:43 - Introduction/Breaking Up With Your Financial Advisor 15:13 - The Taxable Nature of Financial Breakups 22:11 - I Bonds 29:12 - The 4% Rule and Age 35:40 - Second Generation FI and Accounts 43:48 - Early Roth IRA Conversions 48:18 - Roth IRA's and 5 Year Rules 57:24 - Conclusion Resources Mentioned In Today's Episode: Early Retirement Now BiggerPockets Money Podcast Join ChooseFI's Facebook Group Make Your Kid a Millionaire: Roth IRA for Kids The Wealth Letters Jillian Johnsrud The Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep. 17r Roth IRA Conversion Ladder Case Study | ChooseFI Ep. 163r Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: designing your life, real estate investing, pain points, working backward, and finding your sweet spot. This week we are rejoined by friend of the podcast Chad Carson to discuss his new book "The Small and Mighty Real Estate Investor: How to Reach Financial Freedom with Fewer Rental Properties," as well as cover some strategies he's picked up during his real estate investing journey. While investing in real estate can be a full time job, for many listeners it can also be seen as a way to generate additional income. Although getting started can seem a little daunting, Chad offers excellent insights on how to confidently begin real estate investing and stay motivated towards having your investments align with your personal goals and desired life! Chad Carson: Get 10% off Chad's book coming out on July 20th, "The Small and Mighty Real Estate Investor: How to Reach Financial Freedom with Fewer Rental Properties," with the promo-code "choosefi" Timestamps: 1:02 - Introduction 4:34 - Designing Your Life 14:36 - Walkability and Location 23:39 - Buying Around Pain Points 28:08 - Working Backwards for Solutions 34:55 - Transition From Buying to Paying Off 43:52 - Working In Your Sweet Spot 52:02 - What You Can't Outsource 57:10 - Conclusion Resources Mentioned In Today's Episode: "The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich" By Timothy Ferriss Strong Towns Of Dollars and Data "Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence" by Vicki Robin, Joe Dominguez, and Mr. Money Moustache Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance  

In this episode: investing, losing money hurts, pessimism, optimism, index funds, psychology, history, and building wealth. Whether you're a confident investor or weary of playing the market, there is still a lot to be learned when it comes to your investments. This week we are re-joined by friend of the podcast Brian Feroldi to discuss important truths and takeaways he's learned as a decades-long investor, from navigating the psychology and history of the market, to focusing on longevity and simplicity rather than getting rich quick. When listening to this episode, remember that playing the market doesn't have to be a complicated game, and no one should feel un-equipped to invest! Just be sure to understand that investing will never be a perfect journey, and preparing yourself for low points may help you make better decisions in the long run! Brian Feroldi: Website: brianferoldi.com Twitter: @brianferoldi Book: “Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't” By Brian Feroldi Timestamps: 0:41 - Introduction 4:27 - You Will Be Wrong 9:45 - Losing Money HURTS 12:54 - Humans Are Naturally Bad Investors 16:09 - Pessimism And Optimism 20:22 - The Power Of Index Funds 22:31 - The Power Of History And Psychology 24:45 - Avoiding Ruin Is A Skill 28:56 - Keeping It Simple 35:24 - To Build Wealth, You Need To Invest 37:50 - Conclusion Resources Mentioned In Today's Episode: "Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger" by Charles T. Munger "The Psychology of Money: Timeless lessons on wealth, greed, and happiness" by Morgan Housel "Expectations Investing: Reading Stock Prices for Better Returns" by Michael J. Mauboussin Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the phases of FI, your spending framework, dying with zero, changing your anchor points, and the value of time. This podcast offers insight to what the path to FI can look like for listeners, and while we usually speak broadly to our listeners who are all at different stages of FI, it's important to look back, as well as look forward to see how this journey has changed for us. This week we are joined by Carl Jensen and Doug Cunnington of Mile High FI to talk about the evolution of the FI movement from when we all began this journey, as well as reflect and discuss the trends and important takeaways of where we see the FI movement going. While finding your own balance is important in all parts of life, finding balance while on the FI journey is just as important! Learning to become intentional with your spending is also important. It can be extremely beneficial to your life to learn healthier ways to spend rather than deprive yourself of some of the most important items or experiences that bring you joy! So remember, whether you are at the beginning or well on your way towards reaching your FI goal, you will evolve with FI over time and application, just as FI will evolve around you!  Mile High FI: Website: milehighfi.com Podcast: Mile High FI Newsletter: Join The Mile High FI Club Timestamps: 1:25 – Introduction 4:41 – The Phases of FI 11:18 – Building Your Life-Spending Framework 18:31 – What's Worth Spending On 26:16 – Re-Evaluating Anchor Points 33:43 – The Value of Saving Time 42:22 – Dying With Zero 51:02 – Why Wait For Death To Help Your Loved Ones Fiscally? 56:32 – Buying A Concert 59:30 – Conclusion Resources Mentioned In Today's Episode: The Skill of Spending | Mr. Money Mustache | ChooseFI Ep 432 The Tim Ferris Show Episode 661 The Mad Fientist “Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins The Tail End “Outlive: The Science and Art of Longevity” by Dr. Peter Attia Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: travel rewards, credit cards, the true cost of buying a car, health, retirement, and community wins. This week we are re-joined by Ginger for another Round-Up episode where we will briefly discuss travel rewards, updates on Ginger's credit card journey, the value of implementing new habits, and also dip into the listener mailbag! Over the course of this podcast we often discuss the importance of taking action and making changes in your life to not only achieve FI but also improve your life overall. While we know changes don't happen overnight, (just as no one can reach their FI goal overnight) it's important to remember that sometimes the best thing you can do is take action little by little. Sometimes this means budgeting, and other times it can mean breaking free from an unhealthy frugal mindset in order improve your quality of life! Whatever the changes you wish to make or habits you want to create are, remember it's never too late to begin!  Timestamps: 0:10 - Introduction 0:29 - Travel Rewards 6:52 - Global Entry/Credit Cards 16:30 - The True Cost Of Buying A Car 25:49 - Health, Fitness, and Habits 39:44 - Pensions and Retirement Numbers 48:22 - Community Wins 54:34 - Conclusion Resources Mentioned In Today's Episode: Dollars and Sense | Clint Murphy & Ginger | ChooseFI Ep 438  “Dollars and Sense: How We Misthink Money and How to Spend Smarter” By Jeff Kreisler and Dan Ariely Featured Travel Rewards Articles Rewards Credit Card Offers From Our Partners Outside 365 | Greg Heil | ChooseFI Ep 433 "Outlive: The Science and Art of Longevity" by Dr. Peter Attia The Valuist Returns | FI Roundup with Bo Loy | ChooseFI Ep 441 Atomic Habits | James Clear | ChooseFI Ep 157 "Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James Clear The Golden Albatross | Grumpus Maximus | ChooseFI Ep 57 The Golden Albatross | Grumpus Maximus | ChooseFI Ep 227 Is Your Pension Healthy? | ChooseFI Ep 316 "The Golden Albatross: How To Determine If Your Pension Is Worth It" by Grumpus Maximus FI Is Fun Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the travelers triangle, booking early, flexibility, planning, hotels, and knowing you are getting a deal. This week Suzy joins us for a new installment of travel rewards tips, where we will be diving deeper into how you can optimize your savings and travel points to get the most out of your travels. While the subject matter we are tackling today may be more useful to listeners who have already acquired the necessary credit cards and travel points, there is still a lot of helpful information you can use when planning your next trip! So whether that's learning to book early and play around with the sites mentioned on today's episode, or allowing flexibility to mitigate the stress of traveling, this episode is here to act as an additional resource to those learning to take advantage of what their travel points can offer. Timestamps:  1:24 - Introduction 6:09 - The Travelers Triangle 12:31 - Booking Ahead Of Time 23:28 - Tools For Travel Rewards 33:14 - Flexibility And Planning 45:10 - FI Booking Processes 57:57 - Taxes,Fees, And Knowing Your Getting A Deal 64:06 - Hotels 70:45 - Conclusion Resources Mentioned In Today's Episode: ChooseFI Travel Rewards CashFreely and Travel Freely Signup Links Seats.aero point.me BoundlessMiles Max Miles Instagram Max Miles Website GeoBreeze Travel Podcast Bens Big Deal Frequent Traveler University Frequent Miler On The Air Sonic Travelers Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the continuum of FI, skilling up, chasing true value, the power of connection, and second generation FI. This week we are rejoined by friend of the podcast Bo Loy to talk about finding value on the FI journey, drowning out the "noise,"  and the importance of not depriving yourself of happiness in order to reach your FI goal. While the journey to FI does require you to make financial changes and pick up new habits that can launch you towards financial independence, the purpose of this journey is never to deprive or restrict yourself in order to reach your goal. No matter when you begin this journey, the goal in mind should be taking steps in order to improve your life both financially AND mentally. Not sacrificing the things that bring value to it! There's a lot to learn on the path to FI, but it's important to remember that what you are working towards is more than just a number, it's personal happiness, fulfillment, and more!  Timestamps: 0:58 - Introduction 4:37 - The Continuum of FI 11:51 - Skilling Up 15:44 - Life Updates 25:59 - Chasing True Value 34:55 - Meeting Your kids Where Their Interests Lie 41:17 - The Power of Connection 48:20 - Just Going For It 52:24 - Conclusion Resources Mentioned In Today's Episode: The Valuist | Bo Loy | ChooseFI Ep 396 Talent Stacker Dean Turner Training on Twitter "Outlive: The Science and Art of Longevity" by Dr. Peter Attia The Peter Attia Drive Podcast "Learned Optimism: How to Change Your Mind and Your Life" by Martin E.P. Seligman Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: money against mindset, fear setting, FI events, gap years, slow travel, and living intentionally. Everyone's relationship with money is different, just as everyones path to FI looks different, but how do you unlearn behaviors that could be holding you back? This week we are joined by Amy Minkley to discuss how finding FI changed her life while abroad, as well as the the importance of unlearning and breaking free of internalized stress when it comes to money. A large part of the FI journey is implementing new habits and the lessons you pick up along the way. However, an even larger and sometimes harder part of this journey requires you to be introspective and take an honest look at your relationship with money. While you can't go back and change the past, the beauty of FI is that you learn to make changes to ensure the future you want! No matter what your background, the path to FI is one that benefits everyone, because it not only gives you control of your life, but allows for independence to create the future you desire. So while it may feel comfortable to approach this journey by thinking of all the ways things can go wrong, remember to think of all the ways things can go right!  Amy Minkley: Website: fifreedomretreats.com Mailing List: Get In Touch With Amy Here! Timestamps: 1:01 - Introduction 4:29 - How Amy Found FI 8:47 - Money Against Mindset 16:24 - Making The Tough But Right Choices For You 22:18 - International Teaching 27:43 - Fear Setting 36:20 - Living Intentionally 42:25 - FI Events 46:56 - Gap Years And Slow Travel 52:19 - Conclusion Resources Mentioned In Today's Episode: EconoME Conference CampFI Exploring International Teaching Opportunities | Scott & Rob | ChooseFI Ep. 109 "Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence" by Vicki Robin, Joe Dominguez, and Mr Money Mustache The Milestones Of FI | ChooseFI Ep. 32 Camp Mustache Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: success after FI, finding purpose, owning your time, investing in health, and spiritual pursuits. While reaching your FI number and subsequently retiring is an amazing achievement in itself, what are you supposed to do with yourself after getting there? Well, figuring that out is also a big step you are going to have to take on your FI journey. This week, we are once again joined by Chris Terrell to discuss the ways you can fill your time after achieving FI, and how to identify what gives you purpose in your post-work life. Earning back your time is only half the battle, putting that time to good use is up to you and you only! Timestamps: 1:20 – Introduction 3:02 – Success After FI 9:01 – What Do You Want To Do In Retirement? 16:06 – Finding Purpose 22:02 – Prioritizing Important Relationships 27:46 – The Benefits Of Owning Your Time 31:28 – Investing In Your Health 41:24 – Spiritual Pursuits and Volunteer Work 47:09 – Unstructured Time, Calendar Tyranny, and Work? 56:59 – Conclusion Resources Mentioned In Today's Episode: FI Frugal Hobbies | Chris Terrell | ChooseFI Ep 429 The Happy Philosopher | The Happiest Man In The Room | ChooseFI Ep 49 Financial Samurai The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the pain of paying, anchoring, relative value, sunk costs, response to stimulus, and opportunity cost. On this installment of the Book Club, we are joined by Clint Murphy and Ginger to discuss some of our favorite takeaways from Dan Ariely and Jeff Kreisler's "Dollars and Sense: How We Misthink Money and How to Spend Smarter," We often mention on this podcast the importance of actionable steps you must be willing to take while on the journey to FI, and this book is chalk-full of actionable tips and examples that could possibly be applied to many areas of your life, not just personal finance. While we know that personal finance is not unilateral and there are no correct steps and decisions that ensure success for everyone, we believe this book can help you better understand the decision making processes that goes into taking actionable steps on your FI journey!  Book Club Selection: "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dan Ariely and Jeff Kreisler Timestamps: 1:21 - Introduction 4:20 - Reducing The Pain Of Paying 11:42 - Anchoring 19:01 - Opportunity Cost and Saying No 25:40 - Relative Value 30:20 - Why We Don't Understand Fairness and Value 38:49 - Sunk Costs 46:31 - Overvaluing What Your Already Have 50:07 - Spreading The Gap Between Stimulus and Response 57:21 - Conclusion Resources Mentioned In Today's Episode: The Growth Guide Podcast Clint's Twitter: @IAmClintMurphy FI is Fun The Great Man Within "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions" by Dan Ariely Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

This week we are re-joined by friend of the podcast, Travis Hornsby, to discuss some critical updates and deadlines pertaining to student loan forgiveness. While the thought of paying off student loans can feel daunting, there may actually be some ways to mitigate the stress entirely! Though this episode may not pertain to your situation specifically, we believe it can act as a resource for some you may know, or others on this journey who are looking to clean up their loan situation. Travis Hornsby: Website: StudentLoanPlanner.com (link to discounted consult) Timestamps: 1:14 - Introduction/Where Are We Today? 9:45 - Irreversible Decisions 11:55 - The PSLF and IDR Waiver 17:34 - $300 vs $1500 a month 23:30 - Searching and Patience, What Are The Action Steps? 31:33 - Conclusion Resources Mentioned In Today's Episode: The Student Loan Reset | The Student Loan Planner | ChooseFI Ep 391 Federal Student Aid Book a Consult with The Student Loan Planner (Discount through this link!) Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: getting comfortable investing, the vision boards, salary negotiations, and the skill of spending Whether it's wanting to pay off your debts or get yourself set up for your future, there are many motivations for wanting to begin the path towards FI. This week we are joined by listener and fan of the podcast Rakesh to discuss how his journey to FI has been over the last 3 years, and the lessons he's learned along the way. We often stress on the podcast the importance of bold moves and taking action as an important step to achieving FI, and Rakesh is the embodiment of just that! Everyone on this journey starts from a different place, just as everyone's long term goals differ, but don't allow yourself to be bogged down by the little hiccups that come with this journey. By pushing ahead and being mindful of your short and long term goals, you may find yourself stepping out of your comfort zone towards the life you want to be living!  Timestamps: 1:15 - Introduction 4:50 - The Evolution Of The FI Journey 12:52 - Getting Comfortable Investing 22:09 - The Vision Board 30:39 - The Skill Of Spending And Future Planning 37:13 - Low Cost Of Living Areas 43:05 - Salary Negotiating And Job Transitioning 53:11 - The Impact Of Staying Put 56:06 - Conclusion Resources Mentioned In Today's Episode: Finding Your Locus of Control | Stereo Live Q&A | ChooseFI Ep 305 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | ChooseFI Ep 211 Negotiate Your Salary With Tori Dunlap | ChooseFI Ep 147 "Financial Feminist" By Tori Dunlap Community Building With Mr. Money Mustache And Mr. 1500 | ChooseFI Ep 131 JL Collins "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't" by Brian Feroldi Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Oftentimes on our show, we talk to people on the FI journey with “regular” 9-5 jobs, and other times we talk to those who have achieved their FI goal and are able to retire from their careers. However, we rarely talk about money management and FI when it comes to those working in service industries, such as serving and bartending. This week we are joined by author Barbara Sloan to discuss taking control of your finances while in a variable income job, the importance of an emergency fund, and the attainability of retirement accounts and health insurance while in these types of industries. While it may seem unattainable to budget and financially plan for the long term when your income is non-fixed, you shouldn't count yourself out from this journey! Creating your dream life is possible for all, with the right systems in place to ensure it, that is an option possible for those in all career types. Barbara Sloan: Website: tippedfinance.com Book: "Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals" Resources Mentioned In Today's Episode: Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

There can be points on the journey to FI where you feel that you may not be able to accomplish your goals, or even take advantage of some of the hacks we talk about on the show. But sometimes all it requires is for you not to limit yourself and just think outside the box. This week we are re-joined by friend of the podcast Ginger to discuss how the transtheoretical model of change can apply to those on the path to FI, as well as read your emails and answer some of your questions on this installment of Round-Up. Oftentimes, we forget how flexible and capable of change we really are, and its life's curveballs that make this journey different for everyone. While setbacks can put you off from pursuing your goals, or make you feel as if you don't belong on this path, they shouldn't deter you from attacking your goals.  When you can accept that changing and adapting does not equal failure, you not only open yourself up to new options and possibilities, but exceed your own expectations while on the path to FI! Timestamps: 0:48 - Introduction/Economy Conference 9:43 - Travel Wins 21:23 - Ancillary Travel Rewards Benefits 26:20 - Bold Move Update And The Transtheoretical Model of Change 40:58 - Determining Your FI Number 51:22 - The FI Pre-College Approach 58:11 - Savings Account Interest Rates And Community Win 63:11 - Conclusion Resources Mentioned In Today's Episode: Fees, Frugality, and 401K Fears | ChooseFI Ep 428 Find Your Local ChooseFI Group CampFI Chautauqua FI Freedom Retreat Learning to Leave | Diania Merriam | ChooseFI Ep 416 Catching Up To FI Bob Sharpe YouTube ChooseFI Travel Rewards Top Recommended Credit Card Offers From Our Partners Todoist Dominick Quartuccio How To Test Out of College While You're Still In High School | Millionaire Educator | ChooseFI Ep 238 The $100K Glorified Sleepaway Camp | Millionaire Educator | Ep 386 CIT Bank FI Is Fun Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the power of outside, overcoming adversity, the value of streaks, building momentum, and van life. As we've discussed many times on our show, creating and maintaining habits are an important part of the FI journey. Not only does it require you to prioritize what you value, but it can lead to success in many areas of your life. However, while we talk about the success that habits can lead to, sometimes we overlook that starting a habit can be stressful or overwhelming. This week we are joined by Gregg from Outside365 to discuss what your life can look like when you align with your habits, and the momentum and value that can be found when you start to prioritize your habits a little bit each day. While it may seem overwhelming at times to start something new, whether it's saving more and spending less, or even just picking up a new hobby, you may find that the more you do it, the easier it comes! Remember, while you may feel a sense of urgency to instill habits in your life, remember to be patient, and take it a day at a time!  Outside 365 Website: outside365.blog Timestamps: 1:13 – Introduction 7:51 – The Power of Outside 12:53 – Overcoming Adversity 17:02 – Building Momentum 22:46 – Truly Being In Nature 28:52 – Plausible Outside Experiences 33:25 – The Value of Streaks 37:20 – Van Life 47:37 – Conclusion Resources Mentioned In Today's Episode: Subscribe to The FI Weekly! “The Nature Fix: Why Nature Makes Us Happier, Healthier, and More Creative” by Florence Williams “Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones” by James Clear “Four Thousand Weeks: Time Management for Mortals” by Oliver Burkeman “Stolen Focus: Why You Can't Pay Attention–and How to Think Deeply Again” by Johann Hari Huberman Lab Podcast Dave and Matt Vans More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: tackling the big issues, the everywhere effect, change and discomfort, and getting the most from what you have. On this Podcast in recent months, we have made a point to highlight the fact that FI isn't about deprivation. While we do think making a few cuts in some areas is a good thing, we believe in that idea because it acts as a means to an end, with the endpoint being living the most fulfilling life available to you. So how is it possible deprive ourselves in a manner that doesn't leave us feeling deprived? Well, we have to skill up out our spending abilities.! This week we have Mr. Money Mustache on the podcast to discuss the skill of spending and how to approach utilizing your resources to ensure your own happiness and wellbeing. Make cuts in your life where there us a lack of purpose so you can level up areas of importance and passion! Mr. Money Mustache: Website: mrmoneymustache.com Timestamps:  0:51 - Introdcution 4:15 - The Power Of Spending With Less Income 9:24 - Tackling The Big Issues First 17:06 - Change and Discomfort 19:55 - The Everywhere Effect 28:06 - The Power Of Community 31:45 - Getting The Most From What You Have 40:23 - Cost VS Comfort, Wheres The Line? 45:34 - Early Cutting Is Essential 50:53 - Conclusion Resources Mentioned In Today's Episode: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s The Shockingly Simple Math Behind Early Retirement How to Go from Middle-Class to Kickass Outside365 The California Effect Afford Anything With Paula Pant FIRE Dating "Die With Zero" By Bill Perkins Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: forming habits, fulfilling goals, routines, the importance of health, restriction without deprivation, and working on life. While beginning your FI journey means having goals and taking necessary steps to achieve them, it may seem like you have to approach your life with discipline and absolute structure when it comes to money matters. While setting yourself up for success on this journey does mean creating different habits in regards to spending or investing, these habits should never seem absolute or deprive you from enjoying your life. This week we are joined by the Mad Fi-entist to discuss the evolution and the necessary changes he has made while on the journey to FI, and the beauty found with having a routine and creating meaningful habits. FI is a journey that requires you to experiment and change as the journey progresses. Not only will you learn about yourself on this journey, but you will pick up and exchange old habits for new ones that better suit the life you want to be living. Remember that while discipline is necessary for this journey, that does not mean you can't evolve and change up your routine for the better!  The Mad Fientist: Website: madfientist.com Podcast: Financial Independence Podcast Album: Find The Album Here! Twitter: @madfientist Timestamps: 0:57 - Introduction 3:25 - Fulfilling Goals And Forming Habits 10:16 - Routine 15:25 - The Importance of Health 23:01 - The Evolution Of FI For Us 31:34 - The Skill Of Spending 40:15 - Working On Life 52:17 - Restriction Without Total Deprivation 61:35 - Conclusion Resources Mentioned In Today's Episode: "Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career" by Scott Young and James Clear "Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James Clear Money With Katie "Die With Zero: Getting All You Can from Your Money and Your Life By Bill Perkins Mint Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: early financial conversations, what you truly value, house hacking, and the psychology of FI. It can be scary to have to acknowledge the reality of your financial situation, especially if you feel you do not have the financial literacy to proceed with confidence. However, setbacks and failures can often be blessings in disguise. This week we are joined by The FI Couple to discuss the importance of perseverance and flexibility in the face of uncertainty, as well as the strength that can come from a united front. The journey to FI is deeply nuanced, and never perfect. While you may find yourself wanting to make your journey as optimal and expedited as you can, we know that life sometimes happens and your journey can be far from perfect. However, sometimes when we find ourselves at “rock bottom” and it seems like everything in our world is against us. Rather than feel defeated, allow the setbacks to act as momentum to charge ahead as you re-align and re-adjust!  The FI Couple: Website: theficouple.com Socials: @theficouple Timestamps: 0:49 - Introduction/The Early Days 2:05 - Early Financial Conversations 11:03 - Discovering What You Truly Value 21:28 - Bouncing Back After A Layoff 26:06 - Entrepreneurship 30:10 - House Hacking 38:34 - The Off Market/Solving Problems 43:13 - The Single Family Home/The Psychology Of FI 48:29 - The Season Of Hustle 51:56 - Conclusion Resources Mentioned In Today's Episode: Dominick Quartuccio Scott Trench Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance  

In this episode: finding your why, creating space, deprivation, board games, lesson learning, and decision making. Whether you're years into your FI journey or just beginning, evaluating your finances and spending, you may feel like you have to make some cuts into your favorite hobbies in order to reach your goal quicker. However, deprivation and cutting out the things that bring enjoyment into your life should never be the only option. This week we are joined by friend of the podcast Chris Terell to talk frugal hobbies, new experiences, and the parallels between strategies in board games and the strategies employed while on the journey to FI. While trying to optimize your experiences may mean changing hobbies and evolving, while doing so you may find new enjoyment, new communities, and values that come with these changes. Not everyone may have the same approach to a game, just as not everyone will have the same approach to achieving FI, but as long as you remember that being open to changes will allow you to not only optimize your experiences on that journey but optimize your FI.  Timestamps: 1:14 - Introduction 3:02 - FI And Pickleball 7:54 - Finding Your Why 12:50 - Happiness Is How You Fill Your Time 18:40 - It's Not About Deprivation 25:28 - Creating Space 35:46 - Strategy Board Games And Why They Are Great 45:54 - Strategy Boards Games, Decision Making, And Life 54:38 - The Top Four Concepts Of Strategy Board Games 72:58 - Starting Strategy Board Games 82:28 - Conclusion Resources Mentioned In Today's Episode: Mr Money Mustache The Motley Fool Board Game Geek Board Game Arena Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: personal investments, 401k contributions, FI is for everyone, travel rewards, task management, and taxes. On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener's questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it's okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism!  Timestamps: 1:04 - Introduction 3:31 - FI Is For Everyone 9:16 - Personal Investments 14:08 - Paying For Experiences 19:09 - An Introduction To FI 28:20 - Task Management 35:19 - Travel Rewards 47:06 - 401k Contribution Question 61:00 - Tax Season Hack 68:51 - The Content We Are Consuming 75:28 - Conclusion Resources Mentioned In Today's Episode: Four Thousand Weeks | ChooseFI Book Club | ChooseFI Ep 415 "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dr Dan Ariely and Jeff Kreisler "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins The Peter Attia Drive All The Hacks Taking Stock of Your Life | Jordan Grumet | ChooseFI Ep 390 Playing With FIRE Todoist Tim Ferriss Huberman Lab My First Million ChooseFI Travel Rewards Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 A Guided Meditation for When the Stock Market Is Dropping Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18 "A Deadly Education" by Naomi Novik "The Premonition: A Pandemic Story" by Michael Lewis "The New New Thing: A Silicon Valley Story" by Michael Lewis "The Undoing Project: A Friendship That Changed Our Minds" by Michael Lewis Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the "average" withdrawal, Karsten's strategy, Fritz's strategy, fixed withdrawal rates, the bucket strategy, and refilling. Preparing for retirement can look different for all on the journey to FI. All of our goals differ, but we are still in the mindset of positioning ourselves for the coming years. This week we are having a face-off between returning guests Karsten and Fritz, as they discuss their own receptive drawdown strategies, their advantages, and how you can best prepare yourself mentally and financially for your retirement. While a large part of preparing for retirement means saving, that does not mean you should be afraid to spend. Even in retirement, there are strategies that can allow you to not only spend comfortably within your means, but also spend confidently!  Fritz & Karsten: Fritz's Website: theretirementmanifesto.com Karsten's Website: earlyretirementnow.com Timestamps: 1:35 - Introcution 2:09 - Karsten's Strategy 6:05 - Fritz's Strategy 13:28 - Fixed Withdrawal Rates 18:08 - Your Retirement Spending Mentality 23:01 - The Source Of The Bucket Strategy Debate 30:46 - Refilling The Buckets 40:40 - The Cheap Gimmick 45:13 - The Importance Of Rebalancing 51:03 - The Key Takeaways/The "Average" Withdrawal 59:06 - Conclusion Resources Mentioned In Today's Episode: Our Retirement Investment Drawdown Strategy The Tail End "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins How to Calculate Your Safe Withdrawal Rate without using Simulations Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the 2.5 million dollar inversion, looking at the incentives, interest rates, your biggest asset, and potshots. When you begin your FI journey, you may feel like you must follow a certain path or plan in order to achieve your desired outcome. However, the longer you are this journey the more you realize that it is a personal one that requires adaptability when so many factors can affect your bottom line. This week we are back with Scott Trench from BiggerPockets as he shares his insights on investing and looking at your portfolio from an “outset” perspective, as well as touch on the shape of the real estate market. It is important to remember that there is a lot of push and pull on this journey, and it is not meant to be perfect. While you may have expectations for your portfolio and your long term plans, there will be times where you will have to make tradeoffs. Just as the markets change and may signal uncertainties to come, remember that flexibility while maintaining your long term goals will allow you to feel more equipped to move through these times.  Scott Trench: Website: BiggerPockets Podcast: The BiggerPockets Money Podcast Instagram: @scott_trench Timestamps: 0:57 - Introduction 2:05 - The 2.5 Million Dollar Inversion 8:52 - Always Look At The Incentives 12:49 - The Traditional Path To FI And PotShots 17:45 - Your Biggest Asset/Should You Be Inefficient? 25:52 - Executing The Concept 31:12 - The Impact Of Interest Rates Today 42:21 - The Commercial Impact 52:10 - Buying Properties With Cash 56:21 - Conclusion Resources Mentioned In Today's Episode: Scott Trench | Set For Life | ChooseFI Ep 63 First-Time Home Buyer | BiggerPockets | ChooseFI Ep 312 "Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert Kiyosaki Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s BiggerPockets Rental Property Calculator Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the value of time, what are you optimizing for, bold moves, increasing your kid's odds for success, and balancing deprivation. Because we have put so many leaders, members, and experts in our community on the hot seat here at ChooseFI, we figured it was finally time we played fair and put Brad on the hot seat himself! With the assistance of Aaron Lee, a longtime listener, friend, and host of "The Next Generation Leader Podcast," we ask Brad all the burning questions related to his FI journey. If you've ever been curious how Brad discovered FI, what led Brad to begin his FI journey, or what lessons Brad learned along the way, listen along as we re-live the path that helped form this amazing community! Aaron Lee: Website: newgenerationleader.com Podcast: The New Generation Leader Podcast Timestamps: 1:10 - Introduction 3:12 - The Value of Time 8:18 - Balancing Deprivation And The Burden Of FI 11:31 - Brad's Snowball Starter 16:13 - Brad's Childhood FI Vision 22:31 - What Are You Optimizing For? 28:45 - Helping Your Kids Increase Their Odds For Success 40:27 - All Of Us Are Working On Something 46:08 - Brads Bold Move Update 54:40 - What Else Fascinates Brad? 59:29 - Conclusion Resources Mentioned In Today's Episode: Year End Wins 2022 | ChooseFI Ep 417 "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins The Peter Attia Drive, Episode #237 ‒ Optimizing life for maximum fulfillment | Bill Perkins All The Hacks | Die With Zero: Net Fulfillment Over Net Worth The Tail End "David and Goliath: Underdogs, Misfits, and the Art of Battling Giants" by Malcolm Gladwell Berkshire Hathaway Shareholder Letters Your Bold Move for 2023 | Dominick Quartuccio | Ep 419 Limitless Peter Attia & Beth Lewis on Dynamic Neuromuscular Stabilization (DNS) Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: budgeting, the power of FI, different funds, living in the present, and the power to make your choices. No matter your background or the hardships you've endured, you should never rule yourself out for success! Ruminating over your past mistakes can make you feel undeserving of the life you want, but those same mistakes can actually serve as motivation to propel you further on your journey! This week we are joined by returning guest Deanna to discuss how her FI journey has progressed in the last 4 years, the freedom and power she gained from budgeting, and an update on her journey of overcoming adversity. Just because you feel you've hit a rock bottom doesn't mean this journey isn't for you. A large part of FI is making mistakes, learning, and changing. An even larger part of this journey is learning to forgive yourself and others and continue on! For those who do not think they are capable of achieving FI because of their past, let Deanna and this episode serve as an example of what this journey can look like when you act with forgiveness and intentionality!  Timestamps: 1:35 - Introduction 2:16  - Deanna's Backstory 6:26 - Dave Ramsey and Budgeting 14:16 - The Emergency Fund 17:30 - Different Funds For Different Things 23:35 - The Power of FI 27:12 - It's Not All Unicorns And Rainbows 30:28 - Broken Vessels Made Whole 34:42 - Chronic Stress and Living In The Present 43:36 - Deanna Today 48:10 - The Freedom To Make Your Own Decisions 51:54 - Conclusion Resources Mentioned In Today's Episode: From Addiction To FI | Ms. Fiology | ChooseFI Ep. 106 "The Simple Path to Wealth: Your road map to financial independence and a rich, free life" by J.L. Collins and Mr. Money Mustache The Emergency Fund…Is it a Bad Idea? | Big ERN The Reveal | ChooseFI Ep. 66 "The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma" by Bessel van der Kolk M.D. "Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School" by John Medina "Forgive for Good: A Proven Prescription for Health and Happiness" by Frederic Luskin The Art of Forgiveness Todoist Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance  

In this episode: what sparks goals, what are you optimizing you, valuing your time, and money prioritization. Sometimes on the journey to FI, we ask ourselves the following; do I really need to spend money on this? Do I really have the time and resources for that? These questions may be easy to dismiss by saying no in order to stay on track with your financial goals, but by dismissing them, you could be missing out on something that is beneficial to your personal journey! This week we are joined by friend of the podcast, Chris Hutchins, to talk about the hacks for optimizing your life, the differences between cheapness and frugality, and the importance of valuing your time and what it can lead to. Saving money is an important part of achieving FI, but you should never feel so restricted that you miss out on investing your time and money in things that bring joy and value into your life. While saving is important, it's okay to spend money. Whether it's on a trip or investing in something new, there are ways to make it work without feeling guilt or shame. Prioritizing and valuing your time can introduce new experiences and provide happiness as well as perspective while on this journey!  Chris Hutchins: Website: allthehacks.com Podcast: All The Hacks Timestamps: 2:27 - Introductions 6:12 - Full Time Podcasting 11:44 - What Sparks Our Goals 18:35 - What Are You Optimizing For? 23:36 - Managing Your Own Money 31:28 - Money Prioritization 39:03 - Valuing Time 50:53 - Real Estate Investing And Complexity 58:23 - The Once A Year Review 65:28 - Prioritizing Health 75:23 - Conclusion Resources Mentioned In Today's Episode: feedback@choosefi.com Die With Zero: Net Fulfillment Over Net Worth | All The Hacks Buy Back Your Time: Get Unstuck, Increase Productivity and Live the Life You Want | All The Hacks Playing With FIRE The Drive With Peter Attia Your Bold Move for 2023 | Dominick Quartuccio | ChooseFI Ep 419 Top Ways to Make This Year Amazing and Seven Simple Questions for Your Annual Review | All The Hacks My First Million Using an Investing Checklist to Improve your Portfolio | All The Hacks Paprika Delete Me Kubera Fancy Hands Eat Healthy and Save Money with the Laura Barrett Cookbook The 1% Rule in Real Estate: Is This a Realistic Way to Evaluate Rentals? House FIRE | ChooseFI Ep 414 Rocket Money Todoist Trustworthy Peter Attia DNS Huberman Lab Podcast Optimizing Your Health: Diagnostic Tests, Choosing a Doctor, Sleep, Longevity, Inflammation and More | All The Hacks Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: taking the unconventional path, the price of time, early entrepreneurship, talent stacking, and the pursuit of learning. At least once in most of our FI journeys, we have pondered what our life would look like if we started earlier. Maybe you have even wondered what value could've been gained if you had started in your teenage years. Well, for some context into the possibilities decision that could provide, we decided to have 17 year old listener Devin on the podcast to discuss what life can look like when you go against the cultural norm of going to college, and instead opting for an entrepreneurial and FI friendly lifestyle. Oftentimes we mention that there are rewards that come with stepping out of your comfort zone, and the same can be said for going against the societal norm and carving out your own path! For our younger audience who may be interested in getting started with their FI journey, let this episode be a useful resource and reassurance that this journey can begin no matter your age! Timestamps: 1:55 - Introduction 5:28 - Taking The Unconventional Path 11:58 - The Cost Of Time 16:36 - Early Entrepreneurship 30:45 - Building The Talent Stack And Real Estate Investing 36:56 - The Pursuit Of Learning 45:18 - Saving And Investing 51:53 - Early Retirement Planning 69:49 - Conclusion Resources Mentioned In Today's Episode: Raising Voyagers TalentStacker House Hacking With Coach Carson | ChooseFI Ep 16 My First Million Podcast Dominick Quartuccio M1 Finance Review 2022: Commission-Free Automated Investing For Everyone "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins How And Why To Set Up A Roth IRA Conversion Ladder | ChooseFI Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18 "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't" by Brian Feroldi Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: taxes, the secure act 2.0, the best news, roths, 529's, catch-up contributions, and the new options you have. On December 29th 2022, Joe Biden signed into law the Secure 2.0 Act. As this law may have ramifications on your retirement tax planning, to stay ahead of the curve we decided to have The FI Tax Guy Sean Mullaney back on the show to discuss what this law is and ways one may be able to approach and utilize it going forward with there retirement planning. While laws and regulations may change, staying prepared and aware can keep us worry free as we prepare for the tail end of our FI journey! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Sean Mullaney: Website: fitaxguy.com Book: "Solo 401k: The Solopreneur's Retirement Account" Twitter: @SeanMoneyandTax Timestamps: 1:25 - Introduction 2:55 - The Most Important Change and The Best News 14:19 - More Roth Options 27:05 - The Backdoor Roths And Catch-Up Contributions 31:46 - New Options For 529's 42:27 - Conclusion Resources Mentioned In Today's Episode: Secure 2.0 and The FI Community Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: mindfulness, removing judgement, thoughts creating reality, envisioning, awareness, and the hot seat. Oftentimes on our show we like to remind listeners that achieving FI isn't an end all be all to one's problems, and that reaching financial independence doesn't automatically equate to happiness. An important part of the journey is the work you do inward along the way, and this week we are tackling what that can look like. This week we are joined by coach and host of Mindful Fire podcast, Adam Coelho, to discuss the important link between mindfulness and FI, and the power our brains have to envision the life we want, and put dreams into action. Taking the time to be aware of how you're thinking and feeling can be an effective tool. It will not only keep you centered, but allow for you to be open to experiences you might not have thought were achievable. So whether you are familiar with mindfulness practices or are curious where to begin, allow this episode to serve as a resource to begin or strengthen your practice!  Adam Coelho: Podcast: mindfulfire.org YouTube: Mindful FIRE Guided Meditation: Mindful FIRE's Free Guided Meditation Timestamps: 1:56 - Introduction 4:33 -The Definition Of Mindfulness/Removing Judgement 12:08 - Your Thoughts Create Your Reality 19:08 - Gateways To Meditation/Awareness 27:56 - The Science Of Mindfulness 35:50 - Envisioning 40:25 - It's Not Out There, It's In Here 49:27 - Mindfulness And FI 52:44 - Adam's Google Story 58:21 - Adam Takes The Hot Seat 76:06 - Conclusion Resources Mentioned In Today's Episode: Headspace Yoga Nidra Atomic Habits | James Clear | ChooseFI Ep. 157 "Atomic Habits" by James Clear Calm Insight Timer Playing With FIRE Documentary "Altered Traits: Science Reveals How Meditation Changes Your Mind, Brain, and Body" by Daniel Goleman and Richard Davidson "Peak Mind: Find Your Focus, Own Your Attention, Invest 12 Minutes a Day" by Amishi P Jha Mark Divine All The Hacks "Die with Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins Alchemized Life| Jordan Harbinger: How to Build a Podcast | Episode 19 "The Predicting Brain" by Regina Pally The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: bold moves, building bold moves, dreams, themes, uncomfortable awareness, and finding energy. For most people, a new year can signify new goals that we hope to accomplish. Regardless of where you are on the FI journey, the new year ushers in a time for change and welcomes the opportunity to learn and grow! In this episode we are re-joined by Dominick Quartuccio to discuss navigating new beginnings and designing your “Bold Move” as we enter the new year. Instead of having a new year's resolution which may remind you of what you didn't accomplish the year before, try making a bold move that can act as a quantifiable metric for designing the life you want to live! The journey to FI is filled with ebbs and flows, and with that comes lessons that allow you to grow and learn as you find your way towards the life you want to live! Dominick Quartuccio: Website: thegreatmanwithin.com Course: The Bold Move Masterclass: Use Code CHOOSEFI For 50% Off Podcast: The Great Man Within Book: "Design Your Future: 3 Simple Steps to Stop Drifting and Start Living" Timestamps: 1:21 - Introduction 7:20 - Quiet Desperation And Community 14:32 - The Bold Move 22:28 - Building A Bold Move 30:32 - Increasing Your Luck Surface Area And What Gives You Energy 33:50 - Finding Your Theme And Dream 39:28 - Uncomfortable Awareness And The Turbulence Of Life 47:19 - What You Want Will Reveal Itself, Eventually 56:27 - Using Bold Moves To Identify Dreams 59:04 - Conclusion Resources Mentioned In Today's Episode: Find Your Local ChooseFI Group "The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich" by Tim Ferriss "Outwitting the Devil: The Secrets to Freedom and Success" by Napoleon Hill "The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life" by Mark Manson "Man's Search for Meaning" by Viktor Frankl "Never Eat Alone, Expanded and Updated: And Other Secrets to Success, One Relationship at a Time" by Keith Ferrazzi and Tahl Raz Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the federal reserve, interest rates, buying the hype, the problems with effortless earning, and narrative follows price. It's suffice to say this past year has been one of distinct changes from a financial perspective, with investment techniques and former practices no longer working the same as they did two years ago. However, there is much to be learned and a lot to be gained as we move forward into 2023. This week we are re-joined by a friend of the show Brian Feroldi to discuss his observations on the market changes, and lessons he learned over the course of 2022. Settle into the new year and tune in as we share our thoughts on the macro impact of the federal reserve, psychology of investing, inflation and interest as it relates to different kinds of assets, and so much more! Brian Feroldi: Website: brianferoldi.com Twitter: @brianferoldi Course: Financial Statements Explained Simply Book: "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't" By Brian Feroldi Timestamps: 1:46 - Introduction 6:51 - The Federal Reserve/Interest Rates 15:03 - Inflation Is Still Here 17:21 - Beware Of Effortless Money 24:14 - The State Of Crypto/Buying The Hype 33:48 - Is Cash Still Trash? 36:13 - Bonds Are Worth Consideration 39:25 - Growth Stock Troubles 46:31 - Narrative Follows Price 52:56 - Your Risk Level Is Revealed 56:09 - Conclusion Resources Mentioned In Today's Episode: The Motley Fool The Simple Path to Wealth | JL Collins | ChooseFI Ep 411 Early Retirement Now The Role Of Bonds In A Portfolio | ChooseFI Ep 194 Subscribe to The FI Weekly! More Helpful Links And Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Happy Holidays! As the year's end approaches, it's only natural to look back and think of all that you've accomplished. Whether you just began your FI journey this year or are well on your way, recognizing the improvements you've made throughout the year is essential and worth celebrating! This episode is our 6th annual year-end wins episode, and we are re-joined by MK Williams to listen and read submissions from our listeners and celebrate the progress of our audience through different stages of their FI journeys! This episode is meant to not only inspire but remind us how personal this journey is, and remind you to take some time and reflect on the progress you have made this year. Celebrate the wins of your own, no matter how big or small! Timestamps: 1:27 - Introductions 3:43 - Adrianna's Wins 6:00 - David's Wins And The Post-It Note 9:48 - Will and Abby's Wins And Retirement Accounts 13:45 - Melissa Devon, and Brittany's Wins, Traveling And Saving 16:40 - Dominic and Leila's Wins, Stacking Accounts And Side Hustles 20:35 - Erica's Wins And Leveling Up In Life 24:11 - Justin's Wins And Financial Wellbeing 27:41 - Kristen's Wins And Paying Off The Mortgage 30:38 - Tommy's Wins And Changing Careers 33:24 - Wes And Sarah's Wins, Erasing Debt And Job Upgrades 35:50 - Lindsey's Wins, Travel Rewards And 2-Player Mode 38:18 - Tom and Danielle's Wins, Taking Action And Paying Off Student Loans 40:00 - Kelly's Wins, Budgetting And Communities 42:41 - Yvette's Wins And Making FI Do-Able 44:42 - Dennis' Wins And From Student Loan's To Disney World 47:00 - Valerie's Wins And Dumbfounding The Experts 48:56 - Dilyara's Wins And Crushing Early Stage FI 51:19 - Lauren's Wins And Doing The Legwork 56:28 - Conclusion Resources Mentioned In Today's Episode: "Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Bryce Leung and Kristy Shen From Pandemic Layoff to $100k+ | A Salesforce Success Story | ChooseFI Ep 297 Step-By-Step Guide to a (Nearly) Free Disney Vacation (2022) Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: using your resources to create change, your employer is your customer, identifying discrimination, and abundance mindsets. For some on the journey to FI, it may seem like you must at all cost continuously strive to meet your monetary goal as quickly as possible. However, staying in toxic and unfulfilling work environments to hold the course with your goal is not what this journey is about. This week we are re-joined by Diania Merriam to have an intimate conversation about leaving a toxic work environment, navigating internalized beliefs, and the power and control gained while on the journey to FI. The greatest part of this journey is not only the earning and having more financial resources, but rather learning that your money is a tool you can use to reclaim your time! Remember, striving for FI is never about deprivation or devaluing yourself, nor does it mean tolerating poor treatment in order to stay on track!   Diania Merriam: Website: EconoME Conference (Promo Code "CHOOSEFI") Podcast: Optimal Finance Daily Timestamps: 2:00 - Introduction 4:25 - The Resignation 15:46 - Identifying Discrimination 25:07 - Culture Shifts And Subtleties 30:10 - Using Your Resources To Create Change 33:12 - Allowing Your Money To Protect You And Coast FI 40:28 - Operating From An Abundance Mindset 48:57 - Your Employer Is Your Customer 54:20 - Shifting From Saving To Covering Expenses 62:30 - EconoME Conference 66:56 - Conclusion Resources Mentioned In Today's Episode: What I've Learned From One Year Of "Fun-Employment" - Diania Merriam The Reality Of Leaving A Toxic Work Enviornment - Diania Merrian Accountability | Diania Merriam | ChooseFI Ep 150 Myths and Misconceptions | Diania Merriam | ChooseFI Ep 306 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: slowing down, stoicism, finding something to neglect on purpose, focusing on the present, flow states, and actionable steps. Throughout the history of this podcast we have had many guests discuss books that have offered great advice and education to them on the Journey to FI, and with the large selection to choose from we can't think of a better time to start working down the list! On today's episode we are joined by Josue and Ginger in our new series The Choose FI Book Club. This week, we'll be sharing our thoughts and takeaways from the book "4,000 Weeks: Time Management for Mortals" by Oliver Burkeman, as well as share some opinions on the book from our listeners who shared their opinions with us! While many of us on the Journey to FI feel that this lifestyle can be very future-driven, it can be overwhelming to want to accomplish so much with only so much time. This book reminds us that time is finite, and you can't spend it worrying about what you have or haven't yet accomplished. Instead, it may be best to live in the present and appreciate the day to day as it relates to your journey. Having a timeline and working towards the finish line is part of the journey, but remember that the decisions you are making in your life and the experiences that come with it are just as important as the end result! Book Club Selection: "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman Timestamps: 1:48 - Introduction 2:41 - The Concept Of Reading And Retaining 6:23 - Slowing Down And Focusing On What's Important 10:20 - Stephanie's Observation 18:53 - Amy's Observation And Stoicism 23:52 - You Can't Do Everything And CJ's Observation 30:29 - Choosing Something To Neglect On Purpose 33:34 - Shelleys Voicemail And Finding Time To Spend With Others 39:42 - Josh's Voicemail And Planning For The Future While Not Forgetting The Present 46:31 - Flow States 50:27 - Gayle's Perspective And Criticism Counterpoints 57:45 - The Action Steps Taken By YOU 61:47 - Our Actionable Steps 65:34 - Conclusion Resources Mentioned In Today's Episode: 18 Months of Massive Action | Josue | ChooseFI Ep 406 The Imperfectionist The Mad Fientist "Outwitting the Devil: The Secrets to Freedom and Success" by Napoleon Hill The Great Man Within "Finding Flow: The Psychology of Engagement with Everyday Life" by Mihaly Csikszentmihalyi "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "A Complaint Free World: How to Stop Complaining and Start Enjoying the Life You Always Wanted" by Will Bowen Ginger's Blog "FI Is Fun" Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the value of a door, the hour FIRE method, tax breaks, focusing on income, and return on hassle. Many of our listeners have tuned in to hear our guests discuss the real estate market, mortgages, and taxes as it relates to obtaining property. However, many of us on the road to FI may not realize how scaling the properties you own can actually act as a mutual fund-like portfolio. On this week's episode we are joined by our new in-house real estate expert, author, and podcaster, Alan Corey. Alan sheds light towards what expanding your real estate portfolio can look like from from a larger standpoint, and how approaching investment from a spreadsheet rather than lifestyle point of view can ultimately offer greater returns in the long run. While we know many listeners may be apprehensive to consider investing in multiple or larger real estate properties, or how this may not seem like a feasible option, this episode is available to you to educate and offer the mental framework on how to approach real estate in a way that it can be achievable! Alan Corey: Website: realestatemaxi.com Podcast: Real Estate Maximalist Book: House FIRE: How to Be a Red–Hot Real Estate Millionaire with a Wealth of Time and Money Timestamps: 1:57 - Introduction 2:48 - The Value Of A "Door" And The Business Behind It 8:21 - Navigating The Sea Of Options 16:35 - Reducing Vacancy Impact/Maximizing Potential 23:37 - Tax Breaks 29:54 - The House FIRE Method 39:33 - Focusing On Income 49:59 - Selling 50 Doors 61:19 - Return On Hassle/Million Dollar Value Properties 67:50 - Conclusion Resources Mentioned In Today's Episode: "A Million Bucks by 30" by Alan Corey Coach Carson Paula Pant Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: success on paper, building the life you want, therapy, craving progression, and what leads to change. When beginning and well into your FI journey, it may seem like reaching and achieving your end goal of financial independence will somehow leave you feeling happier and more fulfilled. However, reaching this end goal doesn't automatically solve all your problems. On this week's episode we are joined by founder of FindMoreBalance.com and host of "The Mental Wealth Show" Rich Jones to have a conversation about mental health, rebuilding mindset and behaviors, and importance of finding your network of support in life. The FI journey is a great one because it allows you to introduce changes into your life, and no matter how big or different the changes are, they are still significant! The best part of this journey is that it is a personal one, so try to remember that! While the end goal may be reaching a monetary number, it is also about rebuilding and progressing into the person you want to be in all areas of life! Rich Jones: Website: richrunstrack.com Podcast: The Mental Wealth Show Instagram: @richrunstrack LinkedIn: Rich Jones Timestamps: 4:12 - Introduction 5:36 - Success On Paper 12:31 - The Inflection Point, What Made You Change? 16:14 - Therapy 20:54 - Re-Finding The Person You Want To Be 27:38 - Craving Progress And Mastery 35:11 - Rebuilding Your Day-To-Day Life 43:50 - Leveraging Your Career To Get More From Life 52:21 - Conclusion Resources Mentioned In Today's Episode: LeaveUs A Voicemail For Your Year End Wins The Top Chase Business Credit Cards for 2022 Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode; global funds, it's not doctrine, index funds, VTSAX, what is in index funds, and the opposite of active investing. If you've been in the FI community for a while now, you've probably at one point have heard of index Funds. However, whether you are familiar with this concept of investing, have invested in index funds, or are unfamiliar entirely, you may not necessarily know the mechanics and specifics of what certain types of index funds can actually do for you on your FI journey. This week we are rejoined by Alan and Katie Donegan, co-founders of The Rebel Finance School, to dive into the topic of index funds. Together, we discuss the differences between certain types of index funds, fee structures and returns, self-regulating funds, as well as break-down the benefits of what certain types of index funds can provide for you regardless of market and economic fluctuations! While we are not giving direct financial advice on what invest in, this week's episode is meant as a resource to our listeners who may be curious to learn more about index funds and passive investing!  Katie & Alan Donegan: Website: alandonegan.com Podcast: alandonegan.com/podcast Rebel Finance School: www.alandonegan.com/rebelfinance VTSAX Breakdown: alandonegan.com/vtsax Timestamps: 4:11 - Introductions 5:13 - What Is In Index Funds 11:19 - Global Funds 21:54 - It's Not Doctrine, Don't Get Bogged Down In The Details 25:50 - Am I Getting What I Want When I Invest? Should I Be Concerned? 35:14 - The Opposite Of An Active Investor 45:09 - Is Cap-Weighting The Only Way To Run Index Funds? 52:50 - Is There A Future Where Passive Investing Isn't A Good Option? 57:46 - Conclusion Resources Mentioned In Today's Episode: Leave A Voice Message Of Your Year End Wins The Top Chase Business Credit Cards for 2022 The Simple Path to Wealth | JL Collins | ChooseFI Ep 411 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: VTSAX funds, bonds, cap-weighted funds, finding your ballasts, staying the course, and the simple path to wealth. This week, we are getting back to the basics! While many of you who have been in the FI community for a while now have definitely heard of JL Collins, those who are new should absolutely be prepared to absorb the wealth of information he provides every time he decides to grace our podcast! Listen along as he and Brad review the basic information that can put you on the simple path to wealth that so many in the FI community have walked! Believe it or not, creating wealth for yourself can be simple! JL Collins: Website: jlcollinsnh.com Book: The Simple Path to Wealth: Your road map to financial independence and a rich, free life Chautauqua: Get Information About Chautauqua Here! Timestamps: 1:46 - Introduction 2:40 - Back To Basics, What Is The Simple Path To Wealth 10:15 - Low-Cost Funds And High-Cost Funds 14:56 - Index Funds Are For Lazy People (Just Kidding!) 20:00 - Is It VTSAX Or Nothing? 26:58 - Cap-Weighted Funds 30:53 - Staying The Course 36:32 - Are There Times When Index Funds Aren't A Good Choice? 42:28 - The Highest Likelihood Of Replicable Success 46:38 - Bonds 51:36 - Rising Rates 55:17 - I-Bonds 58:22 - Finding Your Ballasts 64:55 - Conclusion Resources Mentioned In Today's Episode: JL Collins from jlcollinsnh | The Stock Series | Part 1 | ChooseFI Ep 19 The Stock Series Part 2 | JL Collins | ChooseFI Ep 34 What is The Simple Path to Wealth? | JL Collins | ChooseFI Ep 284 Alan and Katie Donegan's VTSAX Blog Chautauqua | Oh The Places We Will Go | ChooseFI Ep 64 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: finding mentors, the superpower of making less, traveling while making less, rental properties, and the one percent rule. For some who begin the FI journey, it's about doing all they can to reach that FI number, but for many people the journey to FI is about the people you meet and learn from along the way! On this week's episode we are joined by longtime listener Kelly Cronin to discuss the importance of mentorship, her interesting take that gives a new meaning to traveling while working, and the importance of pursuing what drives you and leads to a life filled with with intentionality. In Kelly's case, a passion towards travel lead to a fascinating side-hustle that affords her the opportunity to make money while seeing the world, who knows where a passion could end up leading you? Kelly Cronin: Website: croninscastles.com Rental Property Class: Cronin's Castles STR Class Timestamps: 1:55 - Introduction 3:11 - Kelly's Early Financial Influence 6:45 - Finding Mentors 9:02 - The Superpower of Making Less 15:26 - Traveling While Making Less 21:09 - Rental Properties 29:54 - The Mechanics of Acquiring Rental Properties 34:23 - The 1% Rule 41:32 - Running The Numbers 46:50 - How Is Kelly Marketing This? 55:46 - The FI Aspect, How Does This Intersect With Your Job? 64:20 - Where Do You Go From Here? 65:37 - Conclusion Resources Mentioned In Today's Episode: Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 Peter Attia Huberman Lab Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 Intuit Mint The BiggerPockets Money Podcast Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: w2 employment to self-employment, s-coporations vs self-employment, avoiding penalties, megas backdoor roths, retirement planning, and health insurance. Most of us are familiar with a W2 job, and there is a certain level of convenience that comes with working a W2 job as it relates to retirement planning and taxes. So much so that it can be daunting to want to embark out on your own journey and have to figure it all out on your own. This week we are re-joined by our “in-house tax expert” Sean Mullaney to discuss the tax and retirement sphere as it relates to being self-employed. While we are not offering advice, this week's episode is meant to act as a resource to listeners curious about the steps and unknowns that come with the self-employment territory. With the same excitement and motivations gained from getting to run your own business, those same motivations and excitements can still be applied to navigating your retirement and taxes once you remember that it is now within YOUR control!  The fear of the unfamiliar may not be as daunting and complicated as you may think, and figuring out these factors requires you to take the same initiative and action that is required throughout your entire FI journey!  The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Sean Mullaney: Website: fitaxguy.com Book: Solo 401k; The Solopreneur's Retirement Account Timestamps: 1:42 - Introduction 2:38 - W2 Employment to Self-Employment 11:34 - S-Corporations vs Self-Employment 14:03 - Avoiding Penalties When Making Estimated Payments 19:29 - Saving For Retirement As An Entrepreneur 24:00 - Employee vs Employer 401k Limits and Mega Backdoor Roth 33:54 - Is The Mega Backdoor Plausible For The Self-Employed? 41:03 - Roth IRA Conversions 43:15 - Addressing The Uncertainty Around The Employer Maximum 53:40 - ACA Plans and Navigating Health Insurance As A Solopreneur 63:34 - What Counts As Income? 68:41 - Conclusion Resources Mentioned In Today's Episode: Paying Taxes When You're Self-Employed IRS Publication 560 IRS Form 8962 Instructions on Premium Tax Credit IRS Publication 974 Premium Tax Credit Creating Your Dream Job | ChooseFI Ep 117R Roth IRA Conversion Ladder Case Study | ChooseFI 163R Healthcare.gov ACA Plans Cody Garrett's Tweet Illustrating ACA Medical Insurance Premiums and PTCs Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: taking action, travel rewards, career progression, the mission to net zero, and value propositions for college. Whether you were raised to live frugally or if the lessons and lifestyle of FI are just now being introduced into your life, the journey to FI is full of ebbs and flow, not only with your finances, but with the knowledge you pick up along the way. This week we are joined by Audrey to talk about her journey with FI, her path to intentionality, and to discuss the power of optimization. Everyone who begins the FI journey comes from a different place of financial literacy, and a lot of the times we may grow up following the “do's and don'ts” of financial planning that we were raised with. However, you may be missing out on new ways to optimize your FI journey! The best part about FI is that it's a personal journey that allows you to learn new ways to plan, as well as new ways to reallocate your savings and spending in order to live your best life in the present and future!  Timestamps: 1:53 - Introduction 5:03 - Natural Savers 8:25 - Value Propositions For College 11:40 - Tackling Student Loans, The Mission To Net Zero 20:50 - Traveling On Points/Travel Rewards Cards 28:59 - Travel Rewards Hotel Strategy and Point Optimization 32:23 - Credit Cards and Children/Second Generation FI Training 34:50 - Taking Action In Your Post-Debt Life And Evolving 42:16 - Career Progression and Optimization 47:18 - Audrey Takes The Hot Seat 55:24 - Conclusion Resources Mentioned In Today's Episode: Dave Ramsey Step-By-Step Guide to a (Nearly) Free Disney Vacation (2022) Travel Rewards Refresher 2022 | Lyn Mettler | ChooseFI Ep 393 The Tail End "Die With Zero" By Bill Perkins TalentStacker's Salesforce Career Development Program Making The Case For Part Time With Bradley Rice | ChooseFI Ep 117 From Pandemic Layoff to $100k+ | A Salesforce Success Story | ChooseFI Ep 297 From Stay At Home Parents to High Paying Salesforce Careers in Under 6 Months | Salesforce For Everyone Mama Bear Apologetics All the Hacks Join ChooseFI's Facebook Group! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: growth during the job hunt, exploring entrepreneurship, tips for career growth, and second generation FI. It's only natural that on the journey to FI you will want to pivot. Whether it is your financial outlook or even your career outlook, it's only natural to have reservations about making a change that could benefit you in the long run.  On this week's episode of  The Households of FI, we are joined by Kristi to fill us in on how her FI journey is going, as well as discuss the topic of “leveling-up”. Changing jobs or moving on to the next career chapter while on the journey to FI can seem farfetched, because often times we want to stick to what is familiar and what is more in line with our plan. However, there is no shame in expanding your network and your options in terms of finding better employment that is more aligned with your values! Don't be afraid to be “un-stuck” and see what career options you have, and make sure you are surrounded by those who are aligned with the same principles as you are!  Timestamps: 2:03 - Introduction 3:41 - An Update From Kristy 5:53 - Growth During The Job Hunt 13:03 - Tips For Career Growth 19:45 - Exploring Entrepreneurship 23:39 - The Finances Of Engagement 27:07 - Being On The Same Page Financially As Your Partner 31:48 - Where Is Your Salary Raise Going? 38:59 - Laying The Seeds For Second Generation FI 51:52 - Conclusion Resources Mentioned In Today's Episode: Kristi & Big Ern | ChooseFI Ep 259 Is My Company's Stock Overpriced | P/E Ratio Explained | ChooseFI Ep 314 Career Hacking With ESI Money | ChooseFI Ep 23 Negotiate Your Salary With Tori Dunlap | ChooseFI Ep 147 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | ChooseFI Ep 211 Rebel Entrepreneur Alan and Katie Donegan's Free Extraordinary Life Course Money With Katie | Katie Gatti | ChooseFI Ep 399 Transition Planning from a Military Career on the Path to FI | ChooseFI Ep 296 The Simple Startup Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with