Podcast appearances and mentions of brad barrett

Buying a house, maxing out your 401(k), and leveraging real estate are considered the gold standard for building wealth, but what if these strategies are actually sabotaging your early retirement? Today, we're diving into the controversial "middle-class trap" debate with Brad Barrett from the ChooseFI podcast! Welcome back to the BiggerPockets Money podcast! Is your net worth locked up in home equity and retirement accounts you can't access? Brad, Mindy, and Scott are having a friendly but fierce debate about whether this middle-class trap is real or just financial fear-mongering, breaking down strategies to avoid it and revealing the ideal portfolio for early retirees. In this episode, you'll learn: If the Middle Class Trap is real or not! The difference between your Net Worth vs. FI Number The Psychological Barriers to Financial Freedom And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Summary: Taxable brokerage accounts are often overlooked but are essential for building wealth and achieving early retirement. Brad Barrett and Cody Garrett highlight their flexibility, tax advantages, and strategic value. Cody Garrett provides insights on how to effectively navigate these accounts, dismantling common misconceptions while sharing actionable strategies. Key Takeaways: Understanding the definition and benefits of taxable brokerage accounts. The flexibility of contributions and investment options. Tax optimization strategies, including long-term capital gains and tax loss harvesting. The importance of asset location for tax efficiency. How to navigate the rules around gifting and estate planning regarding taxable accounts. Timestamps: 00:02:00 - Defining Taxable Accounts 00:10:30 - Investment Opportunities and Options 00:11:30 - Tax Benefits and Treatments 00:25:00 - Best Investment Types for Taxable Accounts 00:48:00 - Conclusion and Action Steps Main Discussion Topics: Introduction to Taxable Brokerage Accounts (00:00:00) The hosts introduce the episode's focus on taxable brokerage accounts as crucial but often ignored tools in financial strategy. Defining Taxable Accounts (00:02:00) A taxable brokerage account is described as a non-retirement account where investment income is taxed in the year it is earned, providing the flexibility of access and lack of penalties. Investment Opportunities and Options (00:10:30) Taxable accounts allow unlimited contributions with various investment opportunities that traditional retirement accounts may restrict. This includes stocks, ETFs, mutual funds, and even cryptocurrencies. Tax Benefits and Treatments (00:11:30) Earnings from dividends and long-term capital gains are subject to preferential tax rates, significantly benefiting investors. Discussion on tax strategies to minimize liabilities while maximizing income. Best Investment Types for Taxable Accounts (00:25:00) U.S. stock index funds are highlighted as optimal investments for taxable accounts due to their lower tax implications on dividends compared to foreign stocks. Conclusion and Action Steps (00:48:00) The episode wraps up with actionable steps for listeners, emphasizing the advantage of maximizing contributions to taxable accounts, especially after maxing out retirement accounts. Actionable Takeaways: Maximize contributions to your taxable brokerage account once you hit contribution limits for retirement accounts. (00:47:00) Consider holding U.S. stock index funds in taxable accounts for favorable tax treatment. (00:25:00) Utilize specific share identification methods for selling investments to optimize tax outcomes. (00:17:20) FAQs: What is a taxable brokerage account? A non-retirement account where investment earnings are taxed in the year they are earned. (00:02:30) What are the main advantages of a taxable brokerage account? Unlimited contributions, diverse investment options, and favorable tax treatment on capital gains and qualified dividends. (00:11:30) How are earnings taxed in a taxable account? Earnings are taxed in the year they are realized, which includes dividends and capital gains distributions. (00:03:00) Are there any penalties for early withdrawal from a taxable account? No penalties apply, offering flexibility compared to traditional retirement accounts. (00:34:00) Key Quotes: "Success comes with a price: don't let your money sit idle in a checking account." (00:06:00) "Prioritize earning over worrying about taxes." (00:06:16) "Taxable accounts can offer significant tax advantages." (00:11:32) "Don't let the tax tail wag the dog." (00:29:59) Related Resources: Measure Twice Money - For more insights on financial strategies. Episode #517: Tax Gain Harvesting Strategies - A detailed discussion on optimizing tax strategies. Cody and Sean's book announcement page Discussion Questions: How can taxable brokerage accounts enhance your investment strategy? What strategies can be implemented to maximize the tax advantages of taxable accounts? How should one decide which types of investments to prioritize in taxable accounts?

Part of 'The American Dream' is predicated on home ownership. Conventional wisdom suggests that it is a financially sound and important decision to buy a home rather than to rent from a landlord. But is this just something we've been indoctrinated to believe, or does the math really add up to support the financial wisdom of owning a home? Brad Barrett of the ChooseFI podcast joins the show.Subscribe to Brad's weekly newsletter at Choosefi.com/subscribe for Brad's weekly newsletter Check out ChooseFI's latest episode that further delves into home ownership - https://www.choosefi.com/common-sense-spending-guidelines-ep-381/ Hosted on Acast. See acast.com/privacy for more information.

In this episode of ChooseFI, Brad Barrett is joined by Mindy from BiggerPockets Money and Chris from Can I Retire Yet? to explore the concept of the "middle-class trap." They discuss the challenges faced by many middle-class individuals who appear wealthy on paper, yet find themselves financially restricted due to their assets being tied up in home equity and retirement accounts. The conversation dives into financial independence strategies, the psychological aspect of personal finance, and how to navigate the feeling of being "trapped" financially. Key Takeaways: Understanding the Middle-Class Trap (00:02:37): Individuals may appear wealthy due to equity but feel financially restricted due to inaccessibility of funds in retirement accounts. The Role of Home Equity (00:14:18): Home equity should not be included in your financial independence (FI) number unless you plan to sell the house. Psychological Impact of Personal Finance (00:05:12): The emotional aspect plays a significant role in how individuals view their financial situations, often leading to feelings of being trapped. Multiple Financial Options Exist (00:11:42): It's crucial for individuals to understand the various strategies available to access their funds before retirement age. Timestamps and Topics: 00:00:00 - Introduction to the Middle-Class Trap Setting the stage for the discussion about financial independence and retirement strategies. 00:01:59 - Mindy's Perspective Mindy introduces the concept and discusses her experiences with clients caught in the middle-class trap. 00:04:27 - Chris's Rebuttal Chris provides insights and alternative views regarding the concept of feeling "trapped" financially. 00:11:42 - Importance of Education Discusses how understanding financial choices can alleviate the feeling of being trapped. 00:21:01 - Financial Independence Strategies Different strategies including the Roth IRA conversion ladder, allowing early access to retirement funds. 00:53:01 - Addressing the Feeling of Being Trapped Emphasizes the psychological aspect of finance and personal finance education. 00:55:12 - Conclusion Wraps up the episode with actionable takeaways and a focus on education. Actionable Takeaways: Evaluate Your Net Worth (00:41:02): Understand which assets you can access and how to plan for FI. Diversify Investments (00:29:40): Consider balancing investments in taxable brokerage accounts alongside retirement accounts. Learn About the Roth IRA Conversion Ladder (00:29:00): A significant strategy for accessing retirement funds early without penalties. Related Resources: Brandon's Article on Accessing Retirement Funds Early (00:28:19) ChooseFI Episode 475 - How to Access Retirement Accounts Before 59 and a Half (00:28:19) FAQs: What is the middle-class trap? The middle-class trap refers to individuals who seem wealthy but find their assets inaccessible, mostly tied up in home equity and retirement accounts. (00:02:37) How can I access my retirement funds before 59 and a half? Strategies include the Roth IRA conversion ladder and substantially equal periodic payments. Consult a financial advisor for personalized guidance. (00:28:19) Discussion Questions: How does the middle-class trap affect your perception of financial independence? (00:05:12) What strategies can you implement to better access your funds in retirement? (00:28:19) Does home equity play a significant role in determining your financial independence? (00:14:18)

Episode 100 of The Best Interest Podcast! This is a celebratory and reflective milestone featuring guest shout-outs, listener-favorite clips, and a discussion on the show's evolution. Jesse shares the podcast's origins, his journey from aerospace engineering to financial planning, and how the podcast nearly faded before finding renewed purpose in 2023. Throughout the episode, Joe Saul Sehy, Brian Feroldi, Paula Pant and other past guests are featured, shouting out The Best Interest and their own work, you'll certainly want to check out.  To celebrate, listeners wrote in with some of their favorite clips, including Jeremy Schneider's discussion with Jesse on his “7 Deadly Sins of Investing” from episode 70. Of course, Jesse's AMA's have been incredibly popular, so segments are featured from episodes 81 and 96 where Jesse answered questions about diversification, patience, and risk management.  Thanks, listeners, for supporting the podcast's first 100 episodes. We look forward to the future of "Personal Finance for Long-Term Investors."   Key Takeaways:• Relying solely on one asset class, such as large-cap U.S. stocks, increases risk and limits flexibility in different market conditions. • No asset class can outperform indefinitely; over time, returns tend to move back toward historical averages. • Holding international stocks can help balance risk, as different regions perform well at different times. • Just because a strategy has worked for years doesn't mean it will continue to do so; market conditions evolve. • As retirement nears, reducing portfolio volatility becomes more important, and diversifying helps protect against severe downturns. • The best strategy involves preparing for uncertainty, adjusting portfolios based on personal financial goals rather than chasing recent winners.   Key Timestamps:(03:43) Reflections on the Journey (15:15) Rebranding Announcement (19:44) Highlighting the Best Clips (38:53) The Importance of Indexing and Market Timing (40:52) Understanding the CAPE Ratio (45:12) The Risks of Timing the Market (51:45) Dollar Cost Averaging vs. Lump Sum Investing (54:42) Diversification: Why It Matters   Key Topics Discussed:The Best Interest, Jesse Cramer, Rochester New York, financial planner, financial advisor, wealth management, retirement planning, tax planning, personal finance, long term investors, Joe Saul Sehy, Brad Barrett, Nick Maggiulli, Justin Peters, Jeremy Schneider, Doug Cunnington, Joel Larsgaard, Paula Pant, andy Hill, Steve Adcock, Dan Otter, Brian Feroldi, episode 100, celebration, millionaire money habits   Mentions:Joe Saul Sehy: https://joesaulsehy.com/ Brad Barrett: https://choosefi.com/ Nick Maggiulli: https://ofdollarsanddata.com/ Justin Peters: https://www.tsirpodcast.com/ Jeremy Schneider: https://www.instagram.com/personalfinanceclub/?hl=en Doug Cunnington: https://milehighfi.com/ Joel Larsgaard: https://www.howtomoney.com/about-us/joel-larsgaard/ Paula Pant: https://affordanything.com/ Andy Hill: https://marriagekidsandmoney.com/about/ Steve Adcock: https://steveadcock.us/ Dan Otter: https://teachandretirerich.com/ Brian Feroldi: https://www.youtube.com/@BrianFeroldiYT    More of Personal Finance for Long-Term Investors:Check out the Best Interest Blog at bestinterest.blog Contact me at jesse@bestinterest.blog Personal Finance for Long-Term Investors is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.  

Send us a textJoin us for an exhilarating conversation with Brad Barrett, an Arc'teryx athlete and my trusted training partner, as we traverse his dynamic journey from competitive soccer to the world of mountain running and skiing. His story is one of transformation, finding solace and focus on the trails during a turbulent time in his early twenties. Get a firsthand look at the life of a sponsored athlete, as Brad shares his remarkable achievements and ambitious future plans, all while navigating the thrilling and unpredictable world of mountain sports.We venture into the heart of mountain adventures, from the demanding challenges of Colorado's 14ers to the pure exhilaration of backcountry skiing. Brad and I dissect the dichotomy of fear and composure in risky outdoor pursuits and the invaluable lessons learned during solo challenges. Our dialogue captures the essence of mountain escapades, including breathtaking yet daunting winter conditions, the thrill of setting Fastest Known Times, and the constant dance with nature's capriciousness. Safety, preparation, and personal growth form the backbone of these adrenaline-fueled endeavors.Our discussion meanders through themes of community, mentorship, and the balance between personal and professional pursuits. We delve into the complexities and joys of collaborating with outdoor brands like Arc'teryx, and the legacy athletes hope to leave behind. In a surprising twist, we tackle thought-provoking topics like the impact of AI and the tantalizing possibility of extraterrestrial life. This episode is a compelling tapestry of stories and insights from Brad Barrett's mountain journey, offering listeners inspiration and a peek into the world of extreme sports.Brad Barrett IG - @_bradbarrett /  https://www.instagram.com/_bradbarrett/ 

Generative AI has the potential to revolutionize media and advertising, but what does this mean for investors? Brad Barrett, an investment analyst at Capital Group, speaks with Mike Gitlin about the evolution of streaming, the promises of generative AI, and lessons learned from past investment trends. Whether you're a financial professional or tech enthusiast, this episode offers valuable insights about the future of media. #CapGroupGlobal   For full disclosures go to capitalgroup.com/global-disclosures   For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you're based outside of the U.S., visit capitalgroup.com for Capital Group insights.   Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://bit.ly/CG-Gitlin-playlist   This content is published by Capital Client Group, Inc.   U.K. investors can view a glossary of technical terms here: https://bit.ly/49rdcFq   To stay informed, follow us:   LinkedIn: https://bit.ly/42uSYbm   YouTube: https://bit.ly/4bahmD0   Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/   About Capital Group Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people's lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.   Learn more: capitalgroup.com   Join us: capitalgroup.com/about-us/careers.html   Copyright ©2024 Capital Group

I wanted to share the three numbers that I believe have the most impact on your life, so I invited Brad Barrett of the Choose FI podcast joins me to give his real-time reactions. But, more importantly, the real takeaway we landed on is that every conversation purportedly about money is actually about what it means to live a good life. This is not financial advice; please do your own due diligence. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/top-3. Money with Katie's mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textWhat if you could conquer the highs and lows of mountain running with ease? Join us as we uncover the journey of Jennifer Yeaman, a top-tier runner from Colorado Springs. From her incredible victories at the Kendall Mountain Run and the Up and Over 10K in New Mexico to her move from California to the Rockies, Jennifer shares the challenges and triumphs of her running career. She talks about her experiences running alongside her husband and the significant shift in her training under new coach MK Sullivan. We'll also explore her insights on the Colorado Springs running scene versus Boulder, and her high hopes for the upcoming Pikes Peak Marathon.Discover the allure of lesser-known races like the Up and Over in Taos, New Mexico, and the Verts Vertical race. We delve into the technical demands of these courses and the breathtaking landscapes that make them unforgettable. Plus, get a behind-the-scenes look at the 24-mile race in Telluride, including the camaraderie and competition among elite runners like Brad Barrett and Ryan Becker. Jennifer also weighs in on high-altitude training, running solo versus with friends, and transitioning from traditional mileage-based training to a more time-focused approach.Beyond running, Jennifer opens up about balancing year-round training with other passions like skiing and snowshoeing. She reminisces about her transition from competitive collegiate sports to trail running and shares her go-to gear, like Hoka's Mafate shoes. We also touch on nutrition strategies for long-distance races and the hurdles of specific terrains. And for a bit of fun, we ponder extraterrestrial life, the future of AI, and why we haven't returned to the moon. Don't miss our detailed preview of upcoming live events at the Pike's Peak Marathon and Ascent. This episode is packed with insights and inspiration for runners and enthusiasts alike!

Chris Mamula, a former physical therapist who achieved early retirement at 41, shares his journey from financial mistakes to becoming a Certified Financial Planner (CFP) and a prominent voice in the FIRE movement. Discover practical tips on budgeting, saving during peak earning years, and utilizing retirement calculators. Chris, Bill, and Jackie chat about the advantages of starting late, advice-only financial planning, and strategies for aligning spending with personal values.   

As I said right off the beginning of this interview, I really love it when worlds collide in my own life. It's one of the more joyful aspects of doing a podcast, and talking with people in real life.Chad “Coach” Carson is someone in the Financial Independence world that I've listened to and followed for some time. He's a very genuine guy, and his particular niche focuses on using small-scale real estate investment to build financial freedom for yourself and your family. Check out his website, YouTube channel and podcast.We ran into each other at the Strong Towns National Gathering in May, and I knew immediately we'd have a lot to discuss. This episode is the result. Among other things, we talk about his non-profit in Clemson, SC to build a trail network, his family's 17 month stay in Ecuador, and how we all can talk about small / incremental development. There's just so much good content in this episode, I don't want to give away any more.That said, here are a few more links worth sharing:For a taste of his content, check out Chad's recent episode with Paula Pant on “7 Powerful Principles for Financial Freedom.”ChooseFI House Hacking pageIncremental Development AllianceBigger PocketsFind more content on The Messy City on Kevin's Substack page.Music notes: all songs by low standards, ca. 2010. Videos here. If you'd like a CD for low standards, message me and you can have one for only $5.Intro: “Why Be Friends”Outro: “Fairweather Friend”Episode Transcript:Kevin K (00:00.89)Welcome back to the Messy City Podcast. This is Kevin Klinkenberg. One of the things that I really enjoy is when worlds collide in my life. Things that I have interest in that are in very different worlds find themselves aligned with each other. And I'm really fortunate to have a guest today that's a classic example of that. My wife and I have had a kind of a long interest in what's called the financial independence movement. And, and,You know, a lot of that we can talk about what all that means for people. I hope we do, but, a lot of it is really just kind of creating resilience in your own life. and, one of the people in that world that I have, noticed for quite a long time and followed and with, with some interest is a guy named, Chad, Carson, otherwise known as coach Carson. And, he's, agreed to join me today. So I'm delighted to have you here, Chad. Thanks for coming.Chad Carson (00:56.397)Yeah, thanks for having me, Kevin. It is fun to see different interests collide on the internet. That's always a good time.Kevin K (01:03.034)Yeah, yeah. So we actually ran into each other at the Strong Towns National Gathering in Cincinnati. And it was just kind of funny. I had seen enough of Chad's videos to kind of have an idea what he looked like. I'm looking around the room and I see this guy in the back and I'm like, that looks a little bit like Coach Carson, you know? Is that really him? And so, and lo and behold, it was, so we had a chance to just chat briefly on site. But...For those chat for those who don't know you and I would imagine probably most of my audience doesn't know who you are And the work that you do. Why don't you talk a little bit about what you spend most of your time dealing with?Chad Carson (01:40.013)Yeah, I also have a lot of intersections of worlds, but for the last 21 years, my professional career has been an entrepreneur and I've been entrepreneur in the real estate investing space. So I graduated from Clemson University and I was a football player there. So that was like how I paid for school. And I was, I thought I was going to go like the route of being a medical in the medical field and applied to medical schools, but I was just so tired from playing football that I said, I'm just going to take a year or two off and just like take a break before I go into that. And then.that gave me space to kind of explore an itch I had for being an entrepreneur. And I was lucky enough to have family members. My dad was in the rental, had rental properties growing up and I never really liked them. Actually, when I was a middle schooler, he used to take me over to a property he just bought. There was a fixer upper and he's like, hey, clean up this pile of trash, Chad, and paint this wall. And I was like, this is horrible. Like, who ever want to fix up a property or turn this nasty place around? And sure enough, when I got out of college, I was like,That's actually pretty interesting. Let me, let me see how that goes. And so I got into that business of really the finding fixer upper properties. initially just finding them for other people. I was what's in the net world. I was called a bird dog where I would just go in. I didn't have any money. I didn't like a bird dog. I wasn't the one actually hunting the birds, but I would just point to them and people who had resources and money would buy them and I would make a little finders fee every time that happened. And, but that taught me the business. It made me a little bit of money.I was living at home at that time and it just got me, I decided, you know what? I don't ever want to do a real job. I'm just going to keep doing this. And it grew into a business where I found the funding for those deals. I got a business partner. The two of us found other partners to put up the money or private financing. We started flipping houses, fixing them up, reselling them just to make some money. And then we got into the rental property business from there. And that's really what I, kind of the end story of my rental, my real estate business was,planting these little seeds of buy and hold properties. I started off house hacking. I did, you know, I lived in one unit, rented the other units out. And so that's, that's been my core kind of financial career, how I made money. And, but then that has evolved into other things, which is why I met you at Strong Towns as well. So once I started, you know, got past like the business side of real estate, of, of making money and the finances, which is all interesting, also just started thinking aboutChad Carson (04:01.133)the community and like, why is this neighborhood the way it is? Why is this neighborhood a fixer upper and this was not? And started volunteering in my community at local advocacy meetings and just doing that. And so that led to a couple of things. One is I started just being frustrated with connectivity in my town. And so in 2014, I and some other people in our town started a nonprofit trying to connect the parks and the downtowns and with a trail system.Little did I know that most towns that did that had like a rail railway that they was abandoned and they could like take over. And so I had to like crash course over five to six years just learning about, you know, easements and right aways and the DOT and how difficult it is to work with the DOT. But we've, yeah, we could talk more about that one, but that's, that's been a passion project of mine, which is why I got interested in strong towns and local advocacy. And along the way, separate from that, I also started teaching other people.how to do the thing that I love doing with real estate investing. And so I started a blog and a podcast and a YouTube channel and what started off as a hobby became a real thing. And people started reading it to my surprise and people started watching my YouTube videos. So I have like a little media business with that. And I have a nonprofit that I'm a board member of and a founding member of that I'm super passionate about in my local community. And then the real estate investing actually takes a lot less of my time these days, but it's still kind of the main thing.Kevin K (05:04.442)Mm -hmm.Kevin K (05:27.098)Yeah, and so you've got a super active YouTube channel with a good following and you're putting up a video, what about once a week or so?Chad Carson (05:36.109)Yeah, the what's I have a coach Carson YouTube channel. It's also the podcast. So my podcast has evolved into the YouTube podcast as well. So that's that's my main thing there.Kevin K (05:45.53)Okay. And this may be a funny thing for you. So I think probably the first time I heard you was on the choose FI podcast a long time ago. and so, I actually moderate the choose FI house hacking, Facebook page. Yeah. I've bugged those guys into creating it and I I'm a terrible moderator. I mean, I don't do anything. I don't do anything I should do with it to try to, you know, encourage more conversation, but.Chad Carson (05:55.533)Mm -hmm.Chad Carson (06:03.597)nice.Chad Carson (06:09.305)Yeah.Kevin K (06:15.418)It's incredible how quickly that started and zoomed over 5 ,000 members and everything else.Chad Carson (06:21.005)Yeah. Yeah. I became friends with Brad Barrett, who was one of the founders of choose FI and stills their hosts of their podcasts. He's become a good friend. And yeah, that was, it's kind of like strong towns for me. It was like, I was doing these things. I'm trying to save money and try to improve my financial life and really just get more autonomy. Like you, I think you were talking about some version of that earlier. I just, I just didn't want to go work for the man. That was always my motivation. I wanted to have space to read, to think, to have interesting stuff. And I just didn't want to go.and be in somebody else's treadmill. And that's pretty much what the, to me, what the financial independence movement is about is it kind of got hung up in the retire retirement idea that you're going to retire early at 35 years old and sit on a beach with a pina colada. The opposite seems to be the truth. The truth, like a lot of my friends like Brad Barrett, Mr. Money Mustache is a big famous blog that who is in the financial independence movement. Paula Pant is another blogging podcasting friend of mine. All these people.they, you build these resources of financial independence early, you save money, you're frugal, but you do it so that you have this abundance of time and flexibility and you can then cash that option, those options in however you want. And for me and my family, my wife is a Spanish teacher. And so foreign languages have always been sort of our, our mutual passion and living particularly Latin America and Spain. And so we took our kids to live in Ecuador for 17 months in 2017.And our, they were three and five years old. We wanted them to become fluent early in their life. And that financial independence, having rental properties back at home, we could kind of put that on pause for a little bit and still have some income coming in that allowed us to do that personal passion project. And, and, and do it. So that, that is to me, that's, that's financial independence, advocacy and local communities is financial independence, being able to do something. This for me has been like almost like a full -time job being theworking on, on trail transportation, advocacy, and, but I don't, I don't want to get paid. I don't care if I get paid. I, in fact, I'm spending a lot of money, you know, donating a lot of money on it. And that's great. I love that because there's some entrepreneurial ventures that aren't, I don't think always best suited for, for profit. You know, there's, you make your profit over here and then you free up this time and this energy to solve problems in your community that they're honestly, there's just not many people who have the capacity to do that. So that's been a lot of fun.Kevin K (08:42.234)Yeah, I think we, I'm not sure how much people talk about that enough in the financial independence world that one of the great luxuries it gives you is it gives you that ability to devote time and potentially money in a philanthropic way in your own community and make a difference there. I think that's really cool. I remember reading about how you took the family abroad for over a year and that was kind of a source of inspiration for us as well. We've...Chad Carson (08:57.005)Yeah. Yeah.Kevin K (09:06.97)We've, you know, my wife and I have had this idea for, for quite some time that we would do something like that. Of course we haven't done it yet, but we've done, you know, we did, and there's still time. The kids are still young enough. They're six and eight. but, we, we did take them, in 2018, I guess it was, we took them to Europe for a month. and, we, you know, I approached it from the standpoint that I was, I was a big proponent of house hacking, but I didn't really know what anybody called it.Chad Carson (09:13.805)Still time.Kevin K (09:36.09)and so actually done it three different times in three different ways in my life, just different life stages. And, like to your point, I think one of the things that we really loved is, when we were living in Savannah, and we had, we owned a townhouse that had a carriage house in the back. and the carriage house produced a lot of rental income for us. So then when we had started having kids, my wife kind of, she wanted to quit her job.and stay home for a while. But obviously that's a financial hit to do it for people, you know, with two of us were working professional jobs while having that income from the house hack just completely made it work. And it just enabled a lifestyle for us that we really wanted to live. And so we always felt like that was kind of a great luxury effect of that.Chad Carson (10:27.085)I think it's undersold. House hacking is something, if you look at the average budget, last time I looked at it in the United States, I think 30 to 40 % of most people's budget is with housing. And if you, so you can, the hack is the literal word. Like if you could figure out how to do what you did, what I've done, and either cut your housing expense in half, or maybe like in my case, I really did well and eliminated my housing expense altogether by living in a fourplex and living in unit number two and renting the other three out.I mean, I was living positive, $100 per month as a young entrepreneur. And, you know, so my wife was able to do the same thing. She was a Spanish teacher. She wanted to stay home a little bit and I wanted to take a break too. And so it's, it's amazing when you cut those like core expenses of housing and then you add the car. And for us, it was just, you know, just being smart with the car, not doing something that's crazy, but also this is where transportation infrastructure comes in. If you can have one car instead of having two cars, I mean, what, what is that seven to 10 ,000 bucks per year or whatever the latest number is.I mean, so you started adding up like a thousand a month for housing and five to 600 bucks for a car. I mean, you're talking a couple thousand bucks a month for an average family. That's huge. Like after tax, you know, if you're talking about before tax, that'd be 3000, maybe 4 ,000 a month. So it's a really powerful tool for a lot of people and it gives you flexibility, it gives you freedom. And so that's what's interesting to me about housing, not because...Everybody needs to be a real estate developer investor, although they could, but just doing a little bit like that, like that can give you leverage. It can give you options. You can tell, tell people, no, I'm not going to do that. I'm going to do this because you have your housing expense taken care of.Kevin K (12:07.354)Yeah, I think that for me that's where the alignment was always interesting in my own kind of long and winding career in working in the design and planning of walkable places. And there were always a lot of spin -off interests in that, different things that I thought were great for it, I think is better for you from a health standpoint. The more that you can just move your body as part of your daily routine, it's better for you. But the economic benefits.You know, we often don't talk enough about that. I always used to tell people if you can, you don't have to get rid of your cars, but like if you can just live car light, you know, and, and so if you're a family of four, instead of having three cars, if you can have two or one and live off of that, the amount of money that you free up to do other things, it's, especially when you, when that starts to accumulate over time, it's incredible. It's, it's, it's absolutely life -changing.Chad Carson (13:02.189)Yeah, that's one of the basic principles of the financial independence movement is just understanding basic compounding math. The $1 ,000 a month is not $1 ,000 per month. It's that number compounded. If you could, if you can invest that money, for example, and it grows at 7%, I'm putting myself on the spot here because I don't know the exact amount that compounds, but you know, that, that number turns into 20 ,000 or a hundred thousand bucks over a 10, 20 year period. And if you start like stacking those up, that's, that's really the difference between.having some, even if it's not financial independence, it's like some level of like autonomy where you have options with your job, where you're not living paycheck to paycheck and housing and transportation are always, from a personal finance standpoint, are always at the crux of that. And that's what I think the financial independence movement focuses on is I love also focusing on it from the advocacy standpoint and the local community standpoint. But if you just take the perspective of the individual, this is one of those things, just your housing choice, your car choice, if possible.you can really change the trajectory of your own career, your own family's ability to have some options.Kevin K (14:07.162)Yeah, I think I remember one time, it might have been just like a joke or something on Twitter, but it was somebody who said something the effect of, if it weren't for all the money we spend on cars, we'd be a nation of millionaires. Anyway, so you start having this interest in bike trails. So what was kind of the genesis of that? Was it more just trying to figure out other ways to get around, sort of a healthy living thing, or how did you become interested?Chad Carson (14:20.045)Yeah, there we go.Chad Carson (14:36.909)I've always been into fitness and exercise and athletics. So I think part of that was just, I walk around a lot. I just do that and to think, but I was also, I had young kids, two or three year old, and I was pushing her in a stroller. And that really gave me that sort of visceral understanding of the community's infrastructure. And in a negative way, I would try to, I live in a neighborhood that has a small neighborhood of single family houses, and I have to cross a state.Kevin K (14:54.906)Mm -hmm.Chad Carson (15:03.085)what I didn't know is a state road, but it's a state road. Almost every road in South Carolina is a state road, by the way. That's another story. But they, you cross this road and it's people, it's 35 miles per hour, but people go really fast. There's some blind spots. There's no sidewalks. And it's just, it's not, it's very unfriendly to pedestrians. And I felt that in a visceral way as a dad who's protective of his little girl. And I'm trying to play Frogger to go across the street to get to the park that's a quarter mile away.And I was just thinking to myself, this is ridiculous. Like this is, this is insane that a neighborhood like this is in this, a beautiful park down there with this, you know, walking along a Creek and a playground that we can't get there safely on foot. How hostile is this? And so that, that spurred me to then go to the local meetings and say, all right, I'm going to volunteer. There's a local 10 year comprehensive plan. And I sat in all of these, I, you know, contributed as I could as a real estate entrepreneur, but the, this connectivity idea.kept coming up over and over again, like Clemson University, Clemson where I live is a small college town. We have 25 ,000 college students now. We have a lot of faculty members, but it's a really tiny town. I mean, 17 ,000 was one of the last census numbers. I think it's 20 ,000 or so now. It's on a lake, it's beautiful. We have 15 ,000 acres of forest land around the community. So like you're five minutes from biking trails, walking trails, waterfalls. And it's just like this little.nature, natural paradise with the lake as well. But it's horrible connectivity from, it's just like, it's a little, I grew up in Atlanta. It's like a microcosm of Atlanta because everything's built for getting around in a car. And so I realized that I started listening to planners talking about that. And my question as an entrepreneur was like, okay, well, who's working on this? What department's working on this? Or is anybody taking any action on this? And they were like, no.No, it's we're going to put it in the comprehensive plan. I was like, is it? Okay. That's great. Was it in the last comprehensive plan? Yeah, it was in the last comprehensive plan too. And so I got, I got this kind of what many entrepreneurs do is when you see a problem, you start just figuring it like, how are we going to solve this? Let's go solve it. And it's sort of in a naive way. I said, I'm going to just ask them questions. And there was one professor at Clemson university who is an architectural professor actually, and his students had a kind of cross curriculum class where they had put together this idea.Chad Carson (17:23.021)something called the Green Crescent Trail. And the Crescent is the Crescent train line that goes between New York City and New Orleans, so the Crescent City. And so they kind of been inspired by that idea of connectivity of the railroad and that history in our town of students who went to Clipsy University used to get off the train and walk off the train down into Clipsy University. They get their barber haircut and it was a military school at that point and they'd walk on the campus. And so that kind of historical connection with the Crescent line and then green.and the spaces around us and the connection to the land was the inspiration. And they had this story, this whole idea, they had maps and it was amazing. And I saw the little video and I got so motivated by that, that I said, like, this has to happen. Like, this is really cool. And I talked to the professor, I talked to some of the students, students rotate in and out of class a lot. So they move on to their jobs and their careers in another city. But I started meeting with people and say, we gotta do this. And some other entrepreneurs, that professor.and we formed a nonprofit and one thing led to another, but we started getting some money for a master plan study. We started talking to landowners and I can go into all the details and all the mistakes and frustrations that we had, but we started making progress and that was 2014. So that was 10 years ago, whenever we started it.Kevin K (18:38.874)So I mean, yeah, I do have some questions just getting into the weeds a little bit, especially for people who have an interest in doing something similar. I guess the first question is like, you start identifying this problem. Like, who do you know how to call the very first time? Just try to get a hold of somebody at the city planning department? I mean, Clemson's a small town, so people are more accessible there. But who did you figure out who to call?Chad Carson (19:02.029)are the city planner was very friendly. And she she has moved on to another town, but I still kind of have connections with her on Facebook. And she she was the one who said, Yeah, this professor is working on it. And yes, connectivity is really important. Let's try she was one of those young, just optimistic planners and just had had a good head is very friendly. So she her name is Jennifer and she was she was great. She gave me some good feedback. I wish I'd heard your podcast. I wish I'd had strong towns. I wish I'd had like, when I read the walkable city by Jeff speck, I was just like,Kevin K (19:16.922)huh. Yeah.Kevin K (19:25.57)I'm going to go ahead and close the video.Chad Carson (19:30.977)my God, there's a world of people out here trying to do this thing too. Like this is, this is great. so I, I didn't have all those resources right away, but I just sort of fumbled around, ask questions, talk to professors being in a university is kind of nice. Cause there's others professors who are urban planners. There's professors who are architecture students or architecture focuses on the community. So I just started asking questions and talking to people, but really approaching it. I think the entrepreneurial approach is you stumble along, you set a short -term goal.You run into a wall that didn't work, turned around and go another direction. And I did a whole lot of like bumping into walls. And, and, but I think the thing we did well was like having a vision, like just having, so we, as soon as we could, we started getting a name and a pictures and maps and talking to the community. And we didn't know exactly what we were doing, but we sure were dreaming big and had a vision. And we were trying to, I think the thing I, I, and some of our other early members tapped into was just.this emotion that community members have of wanting to make their place better. And we made that our mission. We said, our mission is to connect the places we love in our community with a safe alternative transportation network. We want to make it safe for me to push my kid in a stroller to the park. I've told that story hundreds of times. And then other people started saying, yeah, I wish I could walk to the local downtown and that's a quarter of a mile away. Or we have a lot of international students in town who live in these apartments.and they're walking in the gutter, the ditch on the side of the road to try to get to the bus or to try to go to the grocery store because it's just not doable. And so I think there's been a variety of different people from the practical transportation side of things, from students, but then really the people we had to get on board were the local community members who actually don't really care anything about, many of them don't really care anything about practical, you know, commuting anywhere, going to the grocery store. They wanted to do it for recreation. And so we've sort of had to tap into like the recreational trail movement plus,the actual practical use of transportation, which I was interested in, and try to connect those two and figure out how to get funding and to put all that together.Kevin K (21:31.993)Yeah. Yeah, there's actually, so there's a guy in Dallas named Jason Roberts who created the Better Block, which is a pretty cool deal. And he has a great TED talk that's out there all the time where he talks a lot about, especially early on, just naming, naming something, whatever it is, even if it's like you and one other person, just give it a name, create a logo, create a website. It's super easy. And then all of a sudden people think it's a real thing. Now there's a lot to that. So, so.Chad Carson (21:57.069)Yeah, exactly.Kevin K (22:01.53)Then how did you go about, you said at some point you started finding some funding. What was the nature of that funding and how did you figure out how to make that happen?Chad Carson (22:11.277)Yeah, we had a local county council person who saw the vision, I guess, and it was inspired by it. And he had some recreational funds from the county that year that he could allocate. And I think it was $25 ,000. He allocated that 25 to our idea to do a feasibility study. And then the city of Clemson put in 5 ,000, the town of Central put in 1 ,000. We got Southern Wesleyan University, which is, there's a university in this little town of Central next to Clemson.They were on board and then the city, I think the Clemson University also chimed in a little bit, although we had a hard time getting Clemson University on board at first, ironically. But it's basically four entities, four local entities plus the county, all chipped in money, but mainly the county. And then we went through a process of hiring a local landscape architecture firm, I think Alta Planning ended up doing that. I guess not local, but.Kevin K (23:01.466)Mmm, yeah.Chad Carson (23:04.205)So they, they came in, that was a lot of fun just to see how their process worked. And to this day, I still look at some of their maps and some of their estimates. If they put, they put cost estimates together, they put their maps. It was a great plan, but the problem I learned was, and they told us this at the time was like, I think all the city council members and other people we were trying to pitch for this idea, they saw the numbers on that plan, which were, you know, $30 million, $40 million. And it's just, just ridiculously big number for a small town.And understandably, they're like, yeah, this is not, we can't do this. And so we had a hard time figuring out the first little thing to do. And, you know, the Strongtown style, like what's the first little $500 thing or a hundred dollar thing we could do. And I knew that concept and we knew that concept, but it really had a hard time getting traction on that, but particularly because a lot of the segments we were trying to build on were in DOT right aways where we had to get a couple of private easements.I'll also say that even the well -meaning people inside the city government, there's always a propensity to do bigger and more formal stuff to build something really, we don't build things like dirt trails in our town. We build nice stuff in our town. That was like the attitude I got a lot. And I said that was a really difficult thing to bump up against because they would, with good intentions say, well, let's go get this grant. Let's go do this thing. And the grant would take six months to apply for. We wouldn't get it. And then we'd miss a bunch of momentum. And then.They were kind of used to this though. They're like, yeah, we'll just wait until the next cycle. And three years go by and nothing's happening. And that was really, really frustrating.Kevin K (24:39.034)Yeah, yeah. Once you get, learn a little bit about the government funding cycle, especially for transportation, it's very eye opening. So at what point did you come across the Strong Towns conversation then?Chad Carson (24:52.429)Yeah, I think I started listening to the podcast and I was interested in the financial angle as an investor. I just, I found it fascinating that towns were not really budgeting for their liabilities. And I compared it as a real estate investor. This is something we actually deal with all the time because we have a house that you buy from 1950. It's a single family house and you have these things called capital expenses that we all, if you're an experienced investor, you know, those are the thing that come up and bite you.that most rookie investors underestimate the amount of repairs and maintenance they're going to have to do. But as I learned kind of the school hard knocks, these $8 ,000 heating and air bills or $10 ,000 roof or a sewer line that has to be replaced from the house to the road, those will eat up your cashflow for the next two years. And so you have to start creating sinking funds or having reserve funds to pay for those things if you ever want to have a real business, a real rental property business.And it was fascinating to hear that cities aren't doing that. Like, wow, okay, so we have these 70 year capexes that are, you know, they're not even budgeting for it. And that the, you're building these new construction properties. And so I was just fascinated by that math and by the lack of conversation about that and lack of awareness of that in many places. And so that was interesting, but also just, I was just energized by the advocacy, the local, there's other people doing this. There's other people working on it.The fact that you can use social media to try to garner support in your community. So for all those reasons, I was, I was on board and I think I read, happy city and walkable cities, but it was other things first. And they kind of brought me into the strong towns world as well.Kevin K (26:32.09)And then, have you been able to use that with any of your friends or neighbors or anything as a way to help broaden the conversation?Chad Carson (26:41.229)Yeah, I think I bought all the city council members, walkable city at one point. And, you know, probably, I'm probably that annoying local person who brings up, sends, I send city council members regularly, strong towns, articles and different things. And, so yeah, I'm, I'm using that resource a bunch and particularly YouTube videos I find in podcasts, I think are helpful books are great too, but I think having little snippets of content, something somebody can watch in 10 minutes can really change their perspective and a video.As a YouTuber, I've really become a believer that YouTube videos, they use all the senses to try to influence somebody, right? You're seeing something, you can use visuals, you can show maps, you can show music if you want to. So I've really enjoyed using that as well. And I have ambitions myself to create more content. Like I create a lot of real estate oriented content, but I have a long list of ideas I would love to create videos on and shorts on. And I've...10 different intersections that I want to go out and show how awful they are in town. And I think social media and video and what Strong Towns has done really well is just using media to leverage their voice and be able to make a change. I think that's one of the best things about the media revolution we have now. Small people with not many resources can make good enough content to do, it goes viral and makes a big difference.Kevin K (28:02.49)Yeah, I'm always amazed that I'll stumble on some sort of YouTube channel that I didn't even know existed that was related to like urban planning or whatever. And I'll check it out and they have like 600 ,000 subscribers or something. It's just like, wow, where's that? Yeah. Yeah. And then, you know, some of the folks out there, like not just bikes and others who have like literally millions of subscribers and produce really beautiful, incredible content on a regular basis. So yeah, you're right. It's, it's cool. I think I'm.Chad Carson (28:14.093)Exactly. There's a big audience. Big audience. Isn't that amazing? Yeah.Chad Carson (28:28.621)Exactly.Kevin K (28:31.514)find myself increasingly behind the times on some of that stuff. Yeah.Chad Carson (28:33.997)You got a podcast that this is great. This is the medium people are listening to.Kevin K (28:40.218)I actually, the funny thing is I actually created a couple of videos probably almost 20 years ago at this point that related more specifically to like street design. And it was really fun to do, but it was so early on and I, you know, I, the technology wasn't quite as good or as inexpensive yet. So I actually hired like a marketing firm to create them for me. And it was, it was really fun. And, and I actually got, they got a ton of views and I was excited for that, but it was just having a hard time justifying.you know, paying that amount of money to keep doing those sorts of things.Chad Carson (29:09.933)Yeah. Well, if you want to experiment and do a couple of pilot projects, I've got my editors on the call and ready. I've got a graphic designer. So let's collab and we'll make a couple of cool videos and test them out on Coach Carson.Kevin K (29:20.858)I would love to do that. Yeah, I'd love to do that. Like you, I have a longer list than I'll ever be able to get to of things like that. So one thing I'm curious about, so it was, you said it was Ecuador where you and your family went for 17 months. Is that right? So how did that experience of living in a foreign country, how did that kind of shape your idea about how to get around a place? I would imagine, I mean, I'm going to make an assumption. It could be totally wrong here, but the assumption you're probably living in an older,Chad Carson (29:35.213)Correct, yes it was.Kevin K (29:50.17)city where you were walking around most of the time.Chad Carson (29:53.069)Yes, we lived in Cuenca, Ecuador. So Cuenca is a third biggest city in Ecuador. And Ecuador, by the way, is just an amazing country. To me, it's a lot like Costa Rica was probably 30 years ago, 40 years ago, in that it has, from an ecological standpoint, it's just amazing. It's got rainforest in the, it's got the Amazon basin rainforest on one side of the country. It's got highland mountains. So we lived in, Cuenca is in the highlands, it's 8 ,000 feet up.8200 feet or so is the kind of the base of this place and you have mountains around that. And then you have the coast and of course the Galapagos Islands, which have a lot of history with biology. I was a biology major, so I just loved going to the Galapagos and getting to study that. So it's just amazing place. People are really amazing. I love the food there and a lot of, you know, so many fruits and local foods, but from a walkability standpoint, we, we chose, I kind of learned how important walkability was to me when we started choosing where we wanted to live.And we, we look for parks, we look for the downtown and then we found residential areas near those places. It's the top of the list. Like there's a lot of other criteria. Of course we wanted to be safe. We wanted to have other things, but walkability has been and still is like the top of my list. And the cool thing about going to another country is you can see there's different approaches to, how they built their cities. This was a colonial city. So we had like the kind of the Spanish square in the middle and it's a public, it's amazing.Spanish squares are amazing public spaces because people use them. There's benches around, there's trees, there's the church on one side, there's the civics building on the other side. They're playing, you know, in the 1700s or 1500s, it depends when. So that was kind of the center of town. We were kind of off that kind of old colonial town, but relatively close. And the whole town was built around parks, was built around that center, but it was also...you know, I think resources are an issue. It's not like they had more resources than an American city. But most people, the thing that struck me was a lot of the people like my Spanish teacher who I met with every week, he rode a bus from the suburbs into town every single day. He walked around a lot. And people didn't do this because it was just something they wanted to do. let me let me be a walk in a walkable town. This is the entire system of transportation was built around people who couldn't afford a car.Chad Carson (32:16.493)And so it was out of reach for most people, even like he was a teacher, he taught me on the side and he taught English at an elementary school. So he was like lower middle class, but for him to get a loan to get a car or to have enough money was just completely out of reach. So there's this whole system of both public transportation officially from the city buses. There's also just people walking and on paths that are kind of necessary to get around, but there's also an informal.transportation system that if anybody's traveled in Latin America, you'll see how this works. It's like people standing on the side of the road and when they go by, you just kind of raise your finger up and somebody eventually might pick you up. And so we did that several times where we missed the bus and this like delivery truck came by and said, you need a ride in? And we talked to him in Spanish and we'd sit in the back of the delivery truck and offer them some money and go to town. So like, there's just this enormous kind of organic system of.of transportation that was fascinating to see, but walkability was just kind of implied. Like everybody knew you, all right, yeah, you have to make it walkable because it's just for survival and people have to be able to do this.Kevin K (33:24.346)How did your kids react to being in that environment?Chad Carson (33:29.165)they were three and five at the time. So I think they were a little too young to like be fully aware of what they were getting into, but it was beautiful to see them sort of integrate themselves. And they had about seven or eight words of Spanish when we started. And as a three -year -old, you don't have that many, that many words anyway. So it was okay. But then by about seven, eight months in, I had a head start. I had learned Spanish. I wasn't great at it. My wife was very fluent, but I was way ahead of them. But by seven, eight months in,We were sitting around the dinner table talking Spanish and they were correcting me saying, Papa, no se dice eso. And they would kind of wag their finger at me, Spanish Ecuadorian style and, and correct my Spanish, which was amazing. So the language they just really took to, they made friends locally. but then also, you know, they just kind of get used to, to being there that we, at first, we first started walking around the complaint and why not? I don't want to walk around. But by the end it was just, just what we did. You just, you walk everywhere. And I think that's sort of stuck with them a little bit.Kevin K (34:28.89)Yeah, I've often talked in presentations that, especially people my age and sort of our general generation, that it really was a formative thing for when a lot of us like traveled overseas. And if you got to spend any length of time living in a foreign country and just kind of experiencing what it's like, because most of the world, frankly, you are living in a place where...still the backbone of getting around is walking. We're a little unique in that regard in the United States. And I always tell people American cities used to all be that way too. We used to all be walking cities until about the 1920s or so. But it's definitely like it really gets, it really affects your thinking and your perspective on a lot of things, especially like a unique chance like you had to live somewhere for a really extended period of time.What was the adjustment like coming home?Chad Carson (35:28.045)depression. And I'm literally mean that literally it's it was my wife and I both had a really hard time. I think the kids did okay. Our older daughter had a hard time in school, just which of things natural, you know, when you go through a big 17 months living somewhere else. Our younger daughter was in kindergarten. So everybody was new to kindergarten. She did okay. But, you know, my wife and I had transportation and walk lack of walkability was really the big deal because there was a lot of great things coming back. I was alsobelieve it or not, I had a lot of Ecuadorian friends who said, are you sure you want to go back to the United States? Because it seemed like every month there was another school shooting. And that's a political topic. I'm not going to get into the details of it. But it's a reality that a lot of other countries don't have. And they were worried for us going back to the United States, which I find very humorous given that we had the same thing for people in the United States. Are you sure you want to go to Ecuador? Are you sure you want to go there? And that was the same question they were asking as we came back. So that was an adjustment. But really the...The fact that we had to drive so much was again, was just a shocker to your kind of system. And we, but we, I was determined and my wife was determined to only have, we sold one of our cars when we left and our other car we put in storage with family. And we kept this one car for about two years after we got back and I bought an e -bike. And so we, my wife and I, we sort of kind of an adjustable side, it was in between my size and my wife's size. So neither one of us like was perfect for us, but we.I use the heck out of that e -bike. And if somebody wanted to have a meeting with me, I was like, well, here's the two places I can meet in town where I knew I had a fairly safe route to get to. And I would meet them at those places. So it really like being in another environment where I walked all the time, inspired me to try to do that when I got back. And I had to use biking because walking was not possible to get all over town just from a distance standpoint. And so having a bike and having an e -bike in particular.It would make it in the hot summer, you know, South Carolina summer when it's 90 degrees and humid, I could still go, you know, two miles away and be there, not really sweat. And that was great. Like it was so inspiring. So going back to like the green Crescent trail movement, it sort of took a pause. I was still involved with it, but when I got back, I was really gung ho about that and excited about it again. And so that just experience of going somewhere else and seeing that it's possible to do this and seeing what it feels like and knowing that people will really.Chad Carson (37:49.165)get a lot out of this and are gonna, it's gonna be awesome when we can get it. Sort of motivated me to get back into that. And we, we've since made, I didn't finish that story, but we've since made a lot of progress. We have this, just this year in this past year, 2023 opened up about a mile and a half of multi -use path and the city of Clemson and then another mile or mile and a half inside Clemson University. So there's a trail that connects two city parks, Clemson Elementary School to the university.Kevin K (38:12.378)Great.Chad Carson (38:18.829)And then the university has a botanical gardens, which is one of the key kind of park locations in town. So it's connected to that. So we've connected like three or four of our strategic locations and people being able to see that it's on the ground and it's possible and asking questions like, Hey, can we get more of this? And so it's been really nice to have some validation after so many years. And then we have a lot of momentum now, all the city council members that I've talked to are.very much on board. The city of Clemson now has dedicated funding every year, $250 ,000 for the Green Crescent Trail. They have raised, they did, we should talk about from a strong town standpoint, they actually bonded some money to build another trail as well, another portion of the trail, along with a couple of the park infrastructure. So it's, I mean, they're spending money and they're investing in it, which is awesome. And we're also working with a couple of the local smaller towns, which is a different dynamic.Kevin K (39:03.642)interesting.Chad Carson (39:15.053)They're 5 ,000 person towns with lower budgets, but we've got another half a mile on the ground in one of those towns. And we're working with the third town to do just a natural surface trail to start. We're starting to learn our lesson. We're working, as we speak, we're working on, one of the city council members is working on getting easements from a couple of property owners. One's a church, one's a historic foundation. And so we're kind of, we're getting our order of operations where we get the land secured and then we.I think we're just going to try to see what's the lowest cost trail we get on the ground and build a trailhead and just get people using this and connect, you know, smaller locations we can, a quarter mile, half a mile, and just get it on the ground and then let people experience it. And they're going to say, well, we want more of this. And so then we can say, yeah, yeah, we do want more of this. What's, what's the next step? And that's the, luckily we've learned a little bit, but I'm really excited about how it's coming together. And we have a, we have a 30 plus mile kind of map.that we've kept updated. We're showing what the towns will look like when they're connected, what all the routes we're trying to connect are. And then we have like an implementation plan of here are the two or three locations in town that we really think are the low -hanging fruit where we can make progress and get easements and raise money. And so that's all that all was spurred personally for me along by living in places that were walkable that I could see the potential for it.Kevin K (40:38.202)That's amazing. And I mean, I think you're totally right that I have the same experience from a professional standpoint, but I've seen it time and time again when you have trail networks, when you have even like we have the streetcar system we have here in Kansas City. Oftentimes the most challenging thing is just getting a little bit of it going. And then once people can see it and feel it, touch it, ride it, whatever, then they tend to want more. So I think...that's definitely the right path. And so you found then that just even in those cases, just getting sort of like a gravel trail down is a better place to start than than waiting for the paved surface.Chad Carson (41:19.021)I think so. If I had to do ever again, I'm not sure we had had that surface, but if we could have had anybody give us a quarter mile, even within a park, I would have just said, let's do that. Or let's do the, let's just do a crosswalk. Let's just, let's do a tactical urbanism. And we talked about that. I just, I don't think we pressed it enough. I think we got talked out of that kind of stuff by well -meaning people, often planners or people who are like, Hey, we're supportive of this. Let's do this, but let's do it bigger. Let's not do a little.crosswalk and I think that's a mistake. I think it's the you lose momentum you you get you know that that person changes jobs somebody city council people rotate off and if you don't get some tangible quick process progress on the ground through either temporary or otherwise you're you're gonna lose momentum and it's just it's kind of amazing we didn't lose the whole get off track because we went five or six years without anything.on the ground and we had a lot of supporters and we had a lot of maps and we had a lot of meetings, but it got really frustrating not having the actual stuff on the ground. So that was something I would, if we did it over again, it would have found a way to do that.Kevin K (42:23.354)Yeah. So has this been then like a gateway drug for you to the broader strong towns movement or are you gearing up to start thinking about zoning and all that sort of stuff yet?Chad Carson (42:30.453)Yeah. Yeah. Yeah. I actually went on the planning commission. I didn't mention that I was on my local planning commission after during that same time. So yeah, I got involved and I've always been involved in housing. And so I think housing is affordable housing is something that I find even I find it some ways more approachable because I understand housing so well and the finance financial world. So I've been more interested in transportation, but seeing how that connects to housing and how important they are.Kevin K (42:37.43)cool.Chad Carson (42:59.085)I'm really geared up as well to try to help shape opinion on that, talk to people about it, preach about it, whatever we have to do. Yeah. But, and also maybe I was really inspired at this latest Strong Towns gathering by some of the alternative ways to build affordable housing. For me, the ADUs and cottages, that's always been vernacular for me in the real estate investing world. And that's from a purely kind of...you know, just financial independence movement. That's it makes a ton of sense. But to see that that's maybe a potential solution on a larger scale, I think is really exciting. And then I'm excited also, it's not something I've kind of written plans for it. And I think I could get into some of the small scale development. I never called it that I didn't think about what we're doing as development, fixing up a property that needed $50 ,000 in work and turning it around or.turning, you know, subplating a lot and building an extra unit on there. It was just something we did, but it's been kind of cool to see it a whole other world of people seeing it from a little bit different perspective of this is adding housing supply to the market and seeing that real estate investors, as I call them, is like, there's a role for us, a really important role for affordable housing, for providing rentals, for building more rentals. And so yeah, I'm excited about that. And I think I'm...I'm more in, I think, the finance, financing role these days. Like I have done on the ground, I've managed all my properties myself. I've managed remodeled projects. I'm a little less interested in that at this point because I've done all that. But I like partnering with people who do that. And so we've, my business partner and I have financed some deals with other people, kind of been the mentor on the ground. Here's how, all right, we need to do this. Let's get this done. And I think some of the planning, the properties and acquiring the properties and then.working with people on the ground who we can partner to kind of execute them. That's something that I'm interested in doing more of.Kevin K (44:53.146)That's terrific. Yeah, I think one of the things that we've really tried hard to broaden is the understanding of what a developer actually is. And unfortunately, there's this idea that a developer, somebody is a guy who has a fancy suit that drives a $100 ,000 car and builds six story buildings and everything else or $50 million projects. But the reality is, just like you said, if you build a house,If you renovate a house, you're a developer. You may not think of it that way, but if you are doing anything that really contributes to the built environment, no matter at what scale you're a developer, and that's, I mean, historically, that is much more aligned with how our cities were built than the way we think about it today.Chad Carson (45:39.885)I got a question for you. This has been on my mind. What is what is the worst connotation being a real estate investor or being a real estate developer when you when you walk into when you walk into a room of local citizens? Because I don't know for me developer is like not a positive word. Like I gotta get I gotta get my head around this. I like developers. I'm fine with developers. But man, like in my town right now, developers are like the evil empire like you might as well be might as well be Darth Vader walking into a room because they've just there's been a lot ofbuilding pressure for the big buildings for the, you know, 700 unit apartment buildings for students. And so we small developers, I call it my, I wrote a book called the small and mighty investor. My heart, my heart is with the investor who has two properties, five properties, 10 properties. We might as well not even be, you know, in the room. So I feel like we have a marketing problem, an imaging problem that maybe there's a new name. Maybe it's not, I don't know, but like, I just, I'm curious what your take is on that.Kevin K (46:29.305)Yes.Kevin K (46:36.698)Well, I mean, you're totally right. And some of the black hat stuff has been well -earned. My good friend John Anderson, who is one of the founders of the Incremental Development Alliance, he used to always talk about how he was teaching people the dark arts of development. And we always made, we had a lot of fun with all that. But there's definitely been a lot of work to try to rebrand what development is and what a developer is and to try to.Chad Carson (46:52.557)Yeah, yeah, exactly.Kevin K (47:06.458)you know, almost think about it more. There is a field called community development. I, I hesitate to call people community developers because there actually is like, there's, there's like whole federal programs that are tied to that term and everything else. And their community development block grants and stuff like that. But, but in a sense, that's kind of what it is. my, my friend, Monty Anderson, who was also very big in the incremental development world. he, he likes to talk about.people as farmers. And he really likes to encourage that language, you know, that if for people who want to do small scale development and really work in a community in your place, the idea is thinking about it like a farm and, you know, first of all, to find your farm, whatever that is, that location that you care about, that you want to live in and invest in, you know, literally for like the rest of your life, because you want to have a positive transformative effect on it. And then,The analogy, like a farmer, a farmer knows every blade of grass on their farm. They know where all the really productive areas are and the not productive areas are. They know what's going to work in different sections of their fields. And ultimately, that type of developer where you're just working in a community at a smaller scale, that's kind of the analogy.Chad Carson (48:23.725)Yeah, I like that. Yeah, I think the word small is important. Keeping small versus big. And then I think one of the problems a lot of people have is that the bigger developers don't have skin in the game. They don't have skin in the game in the local community. Even a big developer, if they live there and they had to bump into people in the grocery store and have to see and talk to those people, that's a natural human pressure that we've always had when you live in a tribe or live in a community.Kevin K (48:36.666)Mm -hmm.Chad Carson (48:53.197)where you couldn't just make an action or make a decision without thinking about how that affects your neighbor and your community. And you might make a decision that makes less profit so that you're not ashamed of being there. And that's something when you're sitting at a desk in New York City, you don't have to make that decision. It's just a number on a piece of paper. And I find that annoying, I find it lame. And it's always bothered me like in the real estate investing sphere too, that the big hedge funds, the big...go big 10X. That's kind of been like the aspiration for a lot of people in the financial world. It's like, once you grow up out of the single family houses and the duplexes, then you'll move up to like the real investing. And one of my mentors was a guy named John Schaub and he's in Sarasota, Florida and he's owned single family houses for 50 years. Like that's what he thinks is the best from a selfish standpoint. And it's also from the community standpoint, his tenants benefit. He's had tenants who stay for 10, 20 years. They get to live in a nice community.So I don't know, I think I resonate a lot with that idea. But yeah, imaging and how do we frame that and how do we tell those stories is such an important part of the process.Kevin K (50:02.17)Yeah, I mean, I think we put a, we definitely put a big emphasis on the term small developer or incremental developer. And there's probably better ways to talk about that. we have a, we have a local sort of meetup group that my friend, Abby Newsham, who also has a great podcast on the strong towns network that she organizes. That's just, small developers of Kansas city. and, we have, I don't know, 20, 30, 40 people that come every week to a meeting where we kind of, it's almost like a, like a support group.in a lot of ways. But you know, as you know, as you allude to, there's such a vast gulf, like two different worlds in real estate development. There's the people who work at the hedge fund level, and they literally are doing projects anywhere in the world. And they're working with hundreds and hundreds of millions of dollars at a time to build projects everywhere. And then there's the people who work in communities, and they're probably getting their loans from a community bank.Chad Carson (50:31.853)Yeah. Yeah.Kevin K (50:59.002)you know, a locally owned or a regionally owned community bank. And they are your neighbors and they are people you're going to run into. So you're right, it's a huge difference.Chad Carson (51:10.669)Night and day. My only banker has been a guy who lives locally, goes to church locally. He runs on our trail now. He's like, I love this green crescent trail and he's running on it. So it's a, that's the one of my favorite parts about the real estate investing business, but also how it spurs off into the trails and the housing advocacy and working on your local planning commission, all the relationships you build and how organic that is and how mixed up that is. Like it's a really fun part of it.Kevin K (51:34.906)Yeah. Well, it's an interesting drug that once you catch on to all this stuff, you find yourself going in a lot of different rabbit holes.Chad Carson (51:40.717)Yeah, yeah, I'm all in. Yeah, I'm in the rabbit hole for it, there's no doubt.Kevin K (51:46.266)So how else can people in my world, how can we help you or what questions do you have that I can answer or others can answer in our world? What sort of things are you would like to know about the world of city building and design?Chad Carson (52:04.845)That's a great question. I never thought about that. I think design, I'm really interested in maps and just like design is an amateur and I find it really, I've been fascinated with just studying how cities are built. So I don't know if it's like, I'll just tell you what I'm learning, what I'm studying. Like all the Strongtown books have been great, but I think the thing that is,good about all that is like taking the design world, the development world, and translating it into a language that's understandable for laymen, for people who are just a layperson who's on the ground. I think that's been the brilliant part about a lot of your work, about what I've seen Jeff Speck do and other people is, yes, I know planners and city council, but a lot of city council members are the lay people. They're not professionals. So that's kind of what I've been trying to do in my own world of real estate investing as well. I feel if I have any kind of signature,Kevin K (52:53.946)Sure.Chad Carson (53:01.357)is taking this complicated idea of math and finance and negotiation and evaluating neighborhoods and trying to simplify it and translate it into a common vernacular, something that's easy to understand, telling stories. And I think that's the trick with all of this as well, is like translating it, because ultimately, getting a lot of people on board doing this and maybe the mixing of these two worlds we're talking about today. I mean, I think, I...publisher of my books, bigger pockets, for example, they're the big real estate investing website. There's 2 million members of bigger pockets. They have the, you know, top five investing podcasts in the in the country world, whatever, I don't know, and they have another two or three podcasts, like there's a lot of people who are interested in it from that angle. And I found just because I've been talking about it on my own, that there's a lot of those people who are interested in architecture design, but they just don't see themselves in that yet.And I would love to help bridge those worlds in whatever way we can. That's part of my interest in coming on this podcast too. It's just, I think, I think there's a lot of one of the beautiful parts about this kind of local small developer movement is that it is not only like there's a selfish motivation behind it, which is fine. Like I'm good with that. That's capitalism, right? That's that's people, people have to have a engine, a personal motivation to do this. They can make money. They can turn this into a business. but then there's also, this is a really,Kevin K (54:19.034)Mm -hmm. Mm -hmm.Chad Carson (54:28.653)people have an interest in their own communities and designing them. And they're curious about why it is that you can't cross this street the same way I was. And so I think like, go back to your question, I think just continuing to open up the hood to show like, here's how cities are built. Here's why this intersection is the way it is. I found that to be fascinating because it's something I took for granted before. It was just an assumption I made. And a lot of these things happen in like a back room somewhere.And so like bringing that to light and showing like, no, here's why over the last 60 years cities are built this way and here's how we can do it differently. I find that enormously interesting and optimistic and fun to be able to learn that.Kevin K (55:10.618)Yeah, and my experience has certainly been that the people who are the most persistent, and often it takes way longer than you think anything should take to get done, but those people who are persistent and really have a passion for whatever it is in their community, that they're ultimately the ones who get things done. And it frustrates all of us how long things can take, but it all starts by somebody giving a damn to begin with. It's funny.We talk about other people in our world, but like Pete from Mr. Money Mustache, he's moving to cul -de -sac, which is a pedestrian -only community in Tempe, Arizona, which was designed by my friend Dan Parolick's firm Opticoast Design out of Berkeley, California. It's a total small world.Chad Carson (55:52.525)Yeah. Okay. Small world. Yeah. I went out, I went out and visited them. Yeah. He lived there for the winter and I went and visited him in February. So we all, we all hung out and cul -de -sac and rode e -bikes and I think he missed, I think he missed his Colorado mountains a little bit too. So I think he's going to be back and forth between, you know, visiting both, but yeah, yeah, exactly. There's a, there's a ton of crossover betw

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Justin Christianson, Ian Stanley, Tyna Moore, Cole Gordon, Brad Barrett, Robert Glazer and Sean Mccormick, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (3:08) Justin Christianson Desktop conversions are usually double that of mobile. However, average order values are now almost the same. The higher desktop conversion rate comes from the ease of browsing more products and viewing more options.   (8:09) Ian Stanley When people hear your story, they're not just listening—they're relating it to their own lives, reflecting on how it connects with their own experiences. They're constantly comparing it to their own story in their heads. So, make your story relatable and engaging to create a deeper connection.   (14:20) Tyna Moore The idea is that applying a bit of stress can help an organism thrive. Intermittent fasting embodies this concept by introducing mild, controlled stress to the body. As a result, the body adapts and responds positively, enhancing overall health and resilience.   (19:56) Cole Gordon Structure your sales process to use Socratic dialogue. Ask skilled questions that lead prospects to reveal the key points you want them to understand, reinforcing the essential beliefs and creating consistency.   (23:13) Brad Barrett He quickly said, "If you can remove your emotions, you'll be successful," and then moved on to five steps. I thought, "Wait, removing emotions is crucial! Are we robots? If you can do that, sure, but how?"   (27:32) Robert Glazer Our differing perspectives on events can make or break our day. For example, in a car accident, while one might focus on the positives like insurance coverage, another might dwell on the negatives, shaping the course of their day accordingly.   (32:43) Sean Mccormick In 2012, we opened our business from scratch, bootstrapping every step. With my partner and wife, we poured our savings into creating the kind of place we'd love to visit ourselves. That vision was our guiding force from day one.   Tags: @justinchristianson  @becomingianstanley  @drtyna  @colethomasgordon  @brad.barrett  @robertglazer_

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Justin Christianson, Ian Stanley, Tyna Moore, Cole Gordon, Brad Barrett, Robert Glazer and Sean Mccormick, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (3:08) Justin Christianson Desktop conversions are usually double that of mobile. However, average order values are now almost the same. The higher desktop conversion rate comes from the ease of browsing more products and viewing more options.   (8:09) Ian Stanley When people hear your story, they're not just listening—they're relating it to their own lives, reflecting on how it connects with their own experiences. They're constantly comparing it to their own story in their heads. So, make your story relatable and engaging to create a deeper connection.   (14:20) Tyna Moore The idea is that applying a bit of stress can help an organism thrive. Intermittent fasting embodies this concept by introducing mild, controlled stress to the body. As a result, the body adapts and responds positively, enhancing overall health and resilience.   (19:56) Cole Gordon Structure your sales process to use Socratic dialogue. Ask skilled questions that lead prospects to reveal the key points you want them to understand, reinforcing the essential beliefs and creating consistency.   (23:13) Brad Barrett He quickly said, "If you can remove your emotions, you'll be successful," and then moved on to five steps. I thought, "Wait, removing emotions is crucial! Are we robots? If you can do that, sure, but how?"   (27:32) Robert Glazer Our differing perspectives on events can make or break our day. For example, in a car accident, while one might focus on the positives like insurance coverage, another might dwell on the negatives, shaping the course of their day accordingly.   (32:43) Sean Mccormick In 2012, we opened our business from scratch, bootstrapping every step. With my partner and wife, we poured our savings into creating the kind of place we'd love to visit ourselves. That vision was our guiding force from day one.   Tags: @justinchristianson  @becomingianstanley  @drtyna  @colethomasgordon  @brad.barrett  @robertglazer_

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Justin Christianson, Ian Stanley, Tyna Moore, Cole Gordon, Brad Barrett, Robert Glazer and Sean Mccormick, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (3:08) Justin Christianson Desktop conversions are usually double that of mobile. However, average order values are now almost the same. The higher desktop conversion rate comes from the ease of browsing more products and viewing more options.   (8:09) Ian Stanley When people hear your story, they're not just listening—they're relating it to their own lives, reflecting on how it connects with their own experiences. They're constantly comparing it to their own story in their heads. So, make your story relatable and engaging to create a deeper connection.   (14:20) Tyna Moore The idea is that applying a bit of stress can help an organism thrive. Intermittent fasting embodies this concept by introducing mild, controlled stress to the body. As a result, the body adapts and responds positively, enhancing overall health and resilience.   (19:56) Cole Gordon Structure your sales process to use Socratic dialogue. Ask skilled questions that lead prospects to reveal the key points you want them to understand, reinforcing the essential beliefs and creating consistency.   (23:13) Brad Barrett He quickly said, "If you can remove your emotions, you'll be successful," and then moved on to five steps. I thought, "Wait, removing emotions is crucial! Are we robots? If you can do that, sure, but how?"   (27:32) Robert Glazer Our differing perspectives on events can make or break our day. For example, in a car accident, while one might focus on the positives like insurance coverage, another might dwell on the negatives, shaping the course of their day accordingly.   (32:43) Sean Mccormick In 2012, we opened our business from scratch, bootstrapping every step. With my partner and wife, we poured our savings into creating the kind of place we'd love to visit ourselves. That vision was our guiding force from day one.   Tags: @justinchristianson  @becomingianstanley  @drtyna  @colethomasgordon  @brad.barrett  @robertglazer_

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Justin Christianson, Ian Stanley, Tyna Moore, Cole Gordon, Brad Barrett, Robert Glazer and Sean Mccormick, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (3:08) Justin Christianson Desktop conversions are usually double that of mobile. However, average order values are now almost the same. The higher desktop conversion rate comes from the ease of browsing more products and viewing more options.   (8:09) Ian Stanley When people hear your story, they're not just listening—they're relating it to their own lives, reflecting on how it connects with their own experiences. They're constantly comparing it to their own story in their heads. So, make your story relatable and engaging to create a deeper connection.   (14:20) Tyna Moore The idea is that applying a bit of stress can help an organism thrive. Intermittent fasting embodies this concept by introducing mild, controlled stress to the body. As a result, the body adapts and responds positively, enhancing overall health and resilience.   (19:56) Cole Gordon Structure your sales process to use Socratic dialogue. Ask skilled questions that lead prospects to reveal the key points you want them to understand, reinforcing the essential beliefs and creating consistency.   (23:13) Brad Barrett He quickly said, "If you can remove your emotions, you'll be successful," and then moved on to five steps. I thought, "Wait, removing emotions is crucial! Are we robots? If you can do that, sure, but how?"   (27:32) Robert Glazer Our differing perspectives on events can make or break our day. For example, in a car accident, while one might focus on the positives like insurance coverage, another might dwell on the negatives, shaping the course of their day accordingly.   (32:43) Sean Mccormick In 2012, we opened our business from scratch, bootstrapping every step. With my partner and wife, we poured our savings into creating the kind of place we'd love to visit ourselves. That vision was our guiding force from day one.   Tags: @justinchristianson  @becomingianstanley  @drtyna  @colethomasgordon  @brad.barrett  @robertglazer_

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Drop the mic! ChooseFI's Brad Barrett takes the host role in this special episode, interviewing Paula Pant about the financial independence community. This episode was recorded LIVE at a comedy club in Brooklyn, as the final installment of the Episode 500 and 501 celebration. For more information, visit the show notes at https://affordanything.com/episode501 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Enjoy Part 2 of our two-part Episode 500 special, recorded live at a comedy club in Brooklyn. Host Paula Pant and special guest Brad Barrett from ChooseFI answer questions from the audience, live on stage. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Enjoy Part 1 of our two-part Episode 500 special, recorded live at a comedy club in Brooklyn. Brad Barrett, host of the ChooseFI podcast, joins us on stage to talk about what financial independence ideas and practices have changed … and what ideas and practices have remained consistent, universal and time-tested throughout the years. For more information, visit the show notes at https://affordanything.com/episode500 Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is a live podcast, a joint collaboration between E&I and ChooseFI, where we discuss how to have the courage to take action when we know what we want. Brad Barrett and I interview two conference attendees about what is holding them back. Plus a bonus question and answer segment at the end. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Ross Hamilton, Pace Morby, Brad Barrett, Dr. Eric Holsapple, Rylee Meek, Cole Gordon and Greg Rollett and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:47) Ross Hamilton The world has really taken a huge turn into social media. It has taken over everything today. Nearly every business today is surviving because it has a good social media presence. You need to constantly amp up your social game.   (7:50) Pace Morby Whatever profit you gain from your business you need to find a way to be able to use that profit to fund your life. If you cannot find a way to do this then your business is of no value to you.   (13:29) Brad Barrett Many great entrepreneurs are successful because of their love for creating something. The day you find yourself enjoying creating something rather than just consuming it, you will be able to become a successful entrepreneur one day.   (18:24) Dr Eric Holsapple A huge part of your journey will only consist of you searching for the one thing you are good at. Try to find this ability as soon as you can. You will find success if you can use this unique ability of yours to match your passion.   (22:57) Rylee Meek It's not wicked to have wealth. Money is not the root of evil. It is simply a tool. Only if you have an obsessive love for it, is when you should check yourself. Also, remember that the wealthier you are, the more you can help others.    (26:30) Cole Gordon Many people have the talent, but they fail to have the discipline. As a result, they tend to fall short of any kind of success. You need to figure out a way to be disciplined so that way you can start doing really good with the talent you have.   (32:27) Greg Rollett You better get your life sorted out fast when you are still single. One day when you are married, everything becomes double the amount. You will realize everything is twice as expensive. Always be prepared for the future.     Tags: @pacemorby  @brad.barrett  @theryleemeek  @colethomasgordon  @gregrollett

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Ross Hamilton, Pace Morby, Brad Barrett, Dr. Eric Holsapple, Rylee Meek, Cole Gordon and Greg Rollett and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:47) Ross Hamilton The world has really taken a huge turn into social media. It has taken over everything today. Nearly every business today is surviving because it has a good social media presence. You need to constantly amp up your social game.   (7:50) Pace Morby Whatever profit you gain from your business you need to find a way to be able to use that profit to fund your life. If you cannot find a way to do this then your business is of no value to you.   (13:29) Brad Barrett Many great entrepreneurs are successful because of their love for creating something. The day you find yourself enjoying creating something rather than just consuming it, you will be able to become a successful entrepreneur one day.   (18:24) Dr Eric Holsapple A huge part of your journey will only consist of you searching for the one thing you are good at. Try to find this ability as soon as you can. You will find success if you can use this unique ability of yours to match your passion.   (22:57) Rylee Meek It's not wicked to have wealth. Money is not the root of evil. It is simply a tool. Only if you have an obsessive love for it, is when you should check yourself. Also, remember that the wealthier you are, the more you can help others.    (26:30) Cole Gordon Many people have the talent, but they fail to have the discipline. As a result, they tend to fall short of any kind of success. You need to figure out a way to be disciplined so that way you can start doing really good with the talent you have.   (32:27) Greg Rollett You better get your life sorted out fast when you are still single. One day when you are married, everything becomes double the amount. You will realize everything is twice as expensive. Always be prepared for the future.     Tags: @pacemorby  @brad.barrett  @theryleemeek  @colethomasgordon  @gregrollett

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Ross Hamilton, Pace Morby, Brad Barrett, Dr. Eric Holsapple, Rylee Meek, Cole Gordon and Greg Rollett and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:47) Ross Hamilton The world has really taken a huge turn into social media. It has taken over everything today. Nearly every business today is surviving because it has a good social media presence. You need to constantly amp up your social game.   (7:50) Pace Morby Whatever profit you gain from your business you need to find a way to be able to use that profit to fund your life. If you cannot find a way to do this then your business is of no value to you.   (13:29) Brad Barrett Many great entrepreneurs are successful because of their love for creating something. The day you find yourself enjoying creating something rather than just consuming it, you will be able to become a successful entrepreneur one day.   (18:24) Dr Eric Holsapple A huge part of your journey will only consist of you searching for the one thing you are good at. Try to find this ability as soon as you can. You will find success if you can use this unique ability of yours to match your passion.   (22:57) Rylee Meek It's not wicked to have wealth. Money is not the root of evil. It is simply a tool. Only if you have an obsessive love for it, is when you should check yourself. Also, remember that the wealthier you are, the more you can help others.    (26:30) Cole Gordon Many people have the talent, but they fail to have the discipline. As a result, they tend to fall short of any kind of success. You need to figure out a way to be disciplined so that way you can start doing really good with the talent you have.   (32:27) Greg Rollett You better get your life sorted out fast when you are still single. One day when you are married, everything becomes double the amount. You will realize everything is twice as expensive. Always be prepared for the future.     Tags: @pacemorby  @brad.barrett  @theryleemeek  @colethomasgordon  @gregrollett

Welcome back to Making Bank. In today's episode, we have a compilation of previous episodes with Ross Hamilton, Pace Morby, Brad Barrett, Dr. Eric Holsapple, Rylee Meek, Cole Gordon and Greg Rollett and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.   (2:47) Ross Hamilton The world has really taken a huge turn into social media. It has taken over everything today. Nearly every business today is surviving because it has a good social media presence. You need to constantly amp up your social game.   (7:50) Pace Morby Whatever profit you gain from your business you need to find a way to be able to use that profit to fund your life. If you cannot find a way to do this then your business is of no value to you.   (13:29) Brad Barrett Many great entrepreneurs are successful because of their love for creating something. The day you find yourself enjoying creating something rather than just consuming it, you will be able to become a successful entrepreneur one day.   (18:24) Dr Eric Holsapple A huge part of your journey will only consist of you searching for the one thing you are good at. Try to find this ability as soon as you can. You will find success if you can use this unique ability of yours to match your passion.   (22:57) Rylee Meek It's not wicked to have wealth. Money is not the root of evil. It is simply a tool. Only if you have an obsessive love for it, is when you should check yourself. Also, remember that the wealthier you are, the more you can help others.    (26:30) Cole Gordon Many people have the talent, but they fail to have the discipline. As a result, they tend to fall short of any kind of success. You need to figure out a way to be disciplined so that way you can start doing really good with the talent you have.   (32:27) Greg Rollett You better get your life sorted out fast when you are still single. One day when you are married, everything becomes double the amount. You will realize everything is twice as expensive. Always be prepared for the future.     Tags: @pacemorby  @brad.barrett  @theryleemeek  @colethomasgordon  @gregrollett

When was the last day you didn't find yourself contemplating money at least once? It seems that, irrespective of who you are, the concept of money has inevitably woven itself into your daily thoughts, presenting itself as an essential consideration. In this episode, Sharlee Dixon speaks with Brad Barrett. Brad serves as the Managing Director and Partner at One Capital Management, LLC, a private wealth advisory firm overseeing $5 billion in assets. With an extensive background of nearly 20 years in the financial services industry, his primary focus is on enhancing investor education. Possessing the heart of a teacher, Brad shares his wealth of knowledge and experience through his weekly YouTube, Podcast, and Radio Show, "Make Your Money Matter." Brad has educated numerous individuals nationwide, guiding them in their financial planning for freedom. Brad's book "Retire Right" provides a practical guide to investment and financial planning. Brad holds a bachelor's degree in Economics and Political Science from Arizona State University and is recognized as a Certified Financial Planner and a member of Kingdom Advisors. We're excited to have Brad Barrett with us today to discuss money wounds and financial therapy.   For more information about One Capital Management and Brad Barrett, please visit: https://onecapital.com/index.html To learn more about Make Your Money Matter with Brad Barrett, please visit: https://onecapital.com/makeyourmoneymatter.html Connect with Make Your Money Matter with Brad Barrett on YouTube, please visit: https://www.youtube.com/@makeyourmoneymatter

Show NotesBrad, Mindy and Carl go way backEarly Money MemoriesBrad's lightning bolt money momentCarl LOVES FIRE. Why don't you?How to get others on board the FIRE trainLinksMindy On MoneyChoose FIRichmond SaversTravel Miles 101MMM: The Shockingly Simple MathEarly Retirement ExtremeFI Freedom RetreatsEconoMe

#150: Chris shares his top 10 learnings from the last year of All the Hacks, which include key takeaways for building confidence, valuing your time, learning the skill of spending, being responsible for your health, and much more. Link to Full Show Notes: https://www.allthehacks.com/2023-takeaways Partner Deals Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Fabric: Affordable term life insurance for you and your family MasterClass: Learn from the world's best with 15% off Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Long Angle: Join a free private community for high net worth investors For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Outsource Assistants: Oceans XYZ Copilot: Free 2 months access to my favorite personal finance app with code HACKS2 Books: Peter Attia: Outlive: The Science and Art of Longevity Matt Higgins: Burn the Boats: Toss Plan B Overboard and Unleash Your Full Potential Recipe Manager: Paprika Green Chef: 60% off + free shipping for healthy and delicious meal kits Anyday: 15% off non-toxic microwave cookware (use HACKS15 for 15% off at checkout) Sahil Bloom's The Personal Annual Review Template Full Show Notes (02:26) Takeaway #1: Everyone Can Build More Confidence (06:49) Takeaway #2: Kindness Is So Important (10:38) Takeaway #3: Value Your Time (15:03) Takeaway #4: Learn the Skill of Spending (17:55) Takeaway #5: There Are So Many Paths to Happiness and Success (19:53) Takeaway #6: We Are Responsible for Our Health (26:02) Takeaway #7: Eating Well Can Be Much Easier (29:41) Takeaway #8: You Control Your Life (33:53) Takeaway #9: Ditch Plan B (35:53) Takeaway #10: Take Time to Reflect Episodes Mentioned #97: Optimizing Your Health: Diagnostic Tests, Choosing a Doctor, Sleep, Longevity, Inflammation and More with Jordan Shlain #98: Buy Back Your Time: Get Unstuck, Increase Productivity and Live the Life You Want with Dan Martell #99: Top Ways to Make This Year Amazing and Seven Simple Questions for Your Annual Review with Sahil Bloom #105: Overcoming Fear, Processing Failure, and Why Having a Plan B Holds You Back with Matt Higgins #109: Living a Happier Life, Saying No, and Prioritizing Goals with Derek Sivers #116: Simplify Decision Making, Reduce Stress and Improve Your Life with Sahil Bloom #118: Unleashing the Power of Kindness, Self-Awareness, and Passion with Gary Vaynerchuk #119: Building Wealth Through Boring Businesses and Other Contrarian Ways To Live and Invest with Codie Sanchez #122: Cooking at Home: Delicious Food Made Easy with David Chang #123: Traveling to Save Money, Betting on Yourself, and Streamlining Life Decisions with Nuseir Yassin #126: Reduce Stress, Relax Your Mind and Succeed in Meditation Without Really Trying with Light Watkins #130: The Art of Confidence: Find It, Grow It and Use It to Your Advantage with Aziz Gazipura #133: Mastering Cash Flow: Tracking Spending to Boost Savings and 10+ Hacks to Spend Less #139: Think Faster, Talk Smarter and Excel at Spontaneous Conversation with Matt Abrahams #141: The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett #145: Fitness and Mental Strength with Robin Arzón Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

This December is my final year end month for Martinis and Your Money and around this time every year, I'm always talking to clients about goal setting for the following year. And if you've listened to this show before, you know that one of the most important financial goals that I am most passionate about is Financial Independence and that's the ability to work because you WANT to work and not because you HAVE to work. It's the number one goal we give to all of our clients at Financial Gym and it's the number one goal I beg of you to set for 2024 and beyond.  Joining me today Brad Barrett, co-founder of the ChooseFI podcast and website. Brad joins me today to share not only his own journey to FI, but what factors unite people on an FI journey and his answer will likely surprise you. And now here's Brad. For more information, visit the show https://www.martinisandyourmoney.com/show-notes/episode508-chooseFI

Today I'm thrilled to welcome leading financial advisor Brad Barrett. As founder of One Capital Management, Brad takes a holistic, personalized approach to financial advising that examines the emotional and psychological aspects behind money. With nearly 20+ years experience empowering clients, Brad shares game-changing perspectives on achieving financial freedom by resetting your money mind. In this episode we delve into how our upbringing and early life experiences shape our core money beliefs. Whether it was a parent's job loss or childhood money quarrels, those formative moments mold our mindsets as adults. We also explore the disconnect between wanting wealth yet judging the “rich.” And why time is the most precious commodity and how investing buys future time. So lets dive into ways to avoid money stress, find fulfillment beyond dollars, and reboot harmful money mentalities. The money mindset reset you need, starts now. Lets transform those pesky money patterns holding you back.   Resources Mentioned Website: One Captal Management You Tube: Make Your Money Matter Free Money Mindset Quiz: Test Your Nerve  

Save 20% on a Families Fly Free membership as part of a limited-time offer this holiday season for podcast listeners ONLY. Use code PODLOVE20 at FamiliesFlyFree.com to save for a limited time!How do travel rewards fit into a plan to retire early and become financially independent? Brad Barrett of Choose FI, the largest financial independence community in the world, explains how he became interested in travel rewards, his thoughts on travel cards, considers the cost/benefit analysis of fees associated with travel rewards, explains the tax benefits and even shares his favorite travel card. Don't miss this one!Want to get on the fast-track to always fly your family free? Come join us inside the Families Fly Free membership, the BEST way to learn how to fly free using travel rewards...Learn moreDownload Lyn's FREE list of 7 INSIDER hacks she uses to personally fly her family free...https://familiestravefree.com/7hacksResources:Choose FI PodcastChooseFI.comRelated Episodes:#80: Free Travel While Chasing FI with Cami from Families Fly Free#110: Retired by 50 and Traveling the World with Chris Pisciotta

Brad Barrett, the co-founder of ChooseFI, joins us to share his latest financial perspectives and views on FIRE (Financial Independence Retire Early) and some small ways to cut thousands of dollars per year from your budget. Join Farnoosh in Los Angeles in December for book events. Apply for Farnoosh's group mentorship program.

Brad Barrett is one of our original community members – he was actually the first person we ever helped on the podcast way back on Episode 23! He has come a long way. On today's show we about how Brad was able to quit his full-time job thanks to his online business, how a random message from a stranger led to Brad starting the ChooseFI Podcast (which has now been downloaded more than 1.4 million times every single month)! We can help you start, build, and grow an income from home even if you've never made a dime online! Learn how at https://www.flippedlifestyle.com!

#141: Financial independence expert Brad Barrett and Chris deep dives into the FI/RE movement. They cover various forms of FI/RE, share effective strategies for investments and retirement planning, and discuss tools to track and manage finances. They also explore the psychological aspects of financial decision making, including the skill of mindful spending. Brad Barrett (@bradchoosefi) is the co-host of ChooseFI, the number one podcast on financial independence with more than a million monthly listeners. After years in public accounting as a CPA, Brad reached financial independence at the age of 35, without ever earning a six-figure salary. Link to Full Show Notes: https://www.allthehacks.com/FIRE-spectrum Partner Deals Green Chef: $250 off healthy and delicious meal kits Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Daffy: Free $25 to give to the charity of your choice Vuori: 20% off the most comfortable performance apparel I've ever worn DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned All the Hacks: Membership Episodes: #2: Financial Independence Without a Six Figure Salary with Brad Barrett #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins #100: Reflecting on All the Hacks, Valuing Time and Focusing on the Year Ahead with Brad Barrett Brad Barrett: Podcast | Twitter | Website ChooseFI Episode #71: Silicon Valley FI | Chris Hutchins | Grove Early Retirement Now: The Safe Withdrawal Rate Series Wealthfront: Cash Account Bonus 0.5% APY | Automated Investing $5k Free Tools To Track Your FI Journey: Free tool: Karsten Jeske's **[EarlyRetirementNow SWR Toolbox v2.0](https://docs.google.com/spreadsheets/d/1QGrMm6XSGWBVLI8I_DOAeJV5whoCnSdmaR8toQB2Jz8/copy?)** To Track Spending: Copilot (Free 2 months access with code HACKS2) To Track Net Worth: Kubera (All the Hacks Members Get First Year for $1) To Go Deep: Projection Lab Bill Perkins's Book: Die With Zero: Getting All You Can from Your Money and Your Life Dean Turner: Online Training + Coaching Full Show Notes (not final) (02:47) Chris & Brad's FI Journey (04:18) Difference Between Financial Independence & FI/RE (07:17) Why You Shouldn't Only Focus On The RE (09:32) The Different Types of Financial Independence (12:07) Lean & Fat FI/RE (17:51) Coast FI/RE (22:44) Tackling The 4% Rule (28:42) Tools To Track Your Fi Journey (41:19) Taxable Brokerage Accounts (46:22) Learning The Skill of Spending (51:24) Embodying the Die With Zero Mentality (56:42) Health & Longevity: Hiring A Remote Personal Trainer (1:02:51) Cold Plunges & Saunas Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor's Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this thought-provoking episode, join host Doc G in a candid conversation with fellow podcaster Brad Barrett as they dive into the world of financial independence (FI) and the challenges of reaching those who need it the most. Together, they explore whether the FI community is inadvertently "preaching to the choir" and discuss effective strategies to engage and educate those who may be struggling with their finances.  Learn more about your ad choices. Visit megaphone.fm/adchoices

After years in public accounting as a CPA, Brad reached financial independence at the age of 35 through diligent savings and investing. Brad Is passionate about everything from saving money, to living a more healthy lifestyle, to ‘boring' things like tracking your finances and cutting down on your tax bill. But his favorite topic is leveraging credit card rewards to save more money, and take trips you never would have dreamed possible for pennies on the dollar.Co-Founders and Co-Hosts Brad Barrett and Jonathan Mendonsa, ChooseFI has become home to the largest Financial Independence community in the world. Every podcast episode, video, and blog article is packed with relatable, real-life content crowdsourced from the FI community. Each week they share the best life hacks, strategies, stories, tools, and resources to help you take control of your money and get 1% better each day on your journey to FI. Worth noting, I have found that I really enjoy podcasting and having conversation without all the ads and interruptions many podcasters use.  If you enjoy the ideas, find joy or inspiration from my work, you can buy me a coffee to say thanks and support the show.  If you want to go deeper with the content and/or get more engaged you can find additional ways to support the show through the links below.   Website for this episode: https://ordinarysherpa.com/127Subscribe to the email List:  https://ordinarysherpa.com/subscribe/ Resources Referenced in this episode 4 Hour Work Week Flippa.com site to purchase ecommerce sites Beyond Normal: a field guide to embrace adventure, explore the wilderness and design an extraordinary life with kids (my book) buy me a coffee  and reach out regarding your questions on how I might help you on your journey To Connect with or Follow Brad Barrett Podcast: Choose FI PodcastEmail List: ChooseFI.com/subscribe Website: Choose FI  

In this episode of the Personal Finance Podcast, we're going to talk about the amazing power of financial independence with Brad Barrett from ChooseFI. How Andrew Can Help You:  Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel!  Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Factor 75: Head to factormeals.com/pfp50 and use code pfp50 to get 50% off your first box. These are amazingly easy and nutritious meals. Delete Me: Go to joindeleteme.com/PFP and use promo code PFP you'll be able to save 20% off your DeleteMe subscription! Protect yourself online! Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance  Links Mentioned in This Episode:  The Shockingly Simple Math Behind Early Retirement Hyatt Marriott Hotels in Orlando How We Travel The World Completely Free! (Travel Hacking 101) Connect with Brad Barrett Linkedin Twitter Linkedin Podcast Website Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

LifeBlood: We talked about finding your money why, the importance of and how to do it, how to create an aligned and cohesive plan, how often to think about it, and how to get started, with Brad Barrett, Managing Director and Partner with One Capital Management.       Listen to learn the importance of being honest about what you want! You can learn more about Brad at OneCapital.com, Facebook, Twitter and LinkedIn. Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee. https://www.buymeacoffee.com/lifeblood

We like to think we put out some of the best financial independence content for you as a podcast listener. But it's hard to argue that Brad Barrett has influenced more podcast listeners than just about anyone else in the financial independence space. Brad is the host of the wildly successful podcast, ChooseFI. ChooseFI has been downloaded over 65 million times with 4,700+ 5-star reviews. In today's episode, we touch on some of the following with Brad: How he discovered financial independence His main takeaways after hundreds of interviews How the FI space has changed over the last several years Why the small details don't matter Designing your dream life on your FI journey and much more If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode ChooseFI The FI Weekly Newsletter YouTube Interview https://youtu.be/PVmZN9nkVaE Join the Community We'd love to hear your comments and questions about this week's episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here 

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.    Do not miss this compilation episode of the Best Of Making Bank Series.   (1:43) David Nurse If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.   (4:04) Brian Will Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.   (7:30) Pace Morby Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.   (18:16) Matt Smith Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.    (22:30) Gary Brecka The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.   (25:56) Brad Barrett Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.   (29:51) Ross Hamilton Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you're spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.   Links: @davidnursenba  @thedropoutmm  @pacemorby  @mattsmithpueblo  @garybrecka  @brad.barrett  @connectedinvestor

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.    Do not miss this compilation episode of the Best Of Making Bank Series.   (3:04) David Nurse If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.   (5:35) Brian Will Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.   (8:52) Pace Morby Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.   (19:33) Matt Smith Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.    (24:02) Gary Brecka The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.   (27:20) Brad Barrett Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.   (31:22) Ross Hamilton Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you're spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.   Links: @davidnursenba  @thedropoutmm  @pacemorby  @mattsmithpueblo  @garybrecka  @brad.barrett  @connectedinvestor

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.    Do not miss this compilation episode of the Best Of Making Bank Series.   (3:04) David Nurse If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.   (5:35) Brian Will Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.   (8:52) Pace Morby Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.   (19:33) Matt Smith Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.    (24:02) Gary Brecka The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.   (27:20) Brad Barrett Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.   (31:22) Ross Hamilton Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you're spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.   Links: @davidnursenba  @thedropoutmm  @pacemorby  @mattsmithpueblo  @garybrecka  @brad.barrett  @connectedinvestor

Welcome back to Making Bank. On today's episode, we have a compilation of previous episodes with David Nurse, Brian Will, Pace Morby, Matt Smith, Gary Brecka, Brad Barrett and Ross Hamilton and in this episode you will hear tips and tricks from top entrepreneurs that will ensure you great success.    Do not miss this compilation episode of the Best Of Making Bank Series.   (1:43) David Nurse If your morning routine becomes something that you have to do or the rest of your day is ruined if you don't, then you're losing the battle to that morning routine. It should just be like a supplement. It should be like a boost. That morning routine can help you, but you should not depend on it.   (4:04) Brian Will Who you are can get you to where you are. But if you want to go someplace else, then you're going to have to change who you are. And you need to make a conscious decision, not an emotional one. And that conscious decision is to recognize the fact that you can't get to the next level alone and you need to bring somebody in who's going to help you do that.   (7:30) Pace Morby Don't partner with anybody remotely close to your own personality style. Let people who are different from you handle your business so you can focus on other things. Secondly, never exchange time for money. Instead use your resources to be able to exchange your money for time because nothing is more precious than your time.   (18:16) Matt Smith Mentorship is absolutely a cheat code and anybody that's too stubborn to think that they can't learn from somebody else doesn't deserve to be an entrepreneur. You can't do much on your own and, and get whatever will help you out there and be willing to help others too. It's part of the journey.    (22:30) Gary Brecka The same process that governs a fight or flight response in human beings governs the waking in our minds. It's called catecholamines.This is a category of neurotransmitters that create a sense of wakefulness and if you can't down regulate those catecholamines, your environment will quiet and your mind will wake up.   (25:56) Brad Barrett Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.   (29:51) Ross Hamilton Instead of figuring out so many processes for success, sometimes you just need to look in the mirror and examine your habits, where you're spending your time, your morning and evening routines. Getting your morning right and your evening right, the start and end of your day, can really add up to get you anywhere you want to be.   Links: @davidnursenba  @thedropoutmm  @pacemorby  @mattsmithpueblo  @garybrecka  @brad.barrett  @connectedinvestor

Brad Barrett is the Managing Director and Partner of One Capital Management, an independent RIA based in Westlake Village, California, that oversees $5.3 billion in assets under management for more than 2,000 client households. Brad's unique approach to business development has helped his firm scale and grow organically by creating multiple niche specializations, or business segments, each led by a dedicated advisor team. Listen in as Brad discusses the firm's unique approach to growth through the development of specialized business segments and the strategic acquisition of niche practices. You'll learn about their innovative media strategy, the importance of regular evaluation of business segments, and the lessons learned from a challenging partnership experience. Finally, Brad shares his insights on the benefits of specialization, the importance of setting realistic career expectations, and the pursuit of long-term advisor happiness and financial success. For show notes and more visit: https://www.kitces.com/344

Join us in this episode as we chat with Brad Barrett, co-host of ChooseFI, about the ever-evolving concept of financial independence. In this conversation, Brad shares how things have evolved over the past decade and what financial independence means today. Whether you're new to the concept or looking for new perspectives, we've got valuable insights and practical tips to help you on your journey to financial freedom. Don't miss it!

Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.   He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.   Don't miss this episode of Making Bank, with Brad Berrett.   (2:18)  Background Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.   (4:35) How To Look At Money Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.   (6:56) Creating Vs Consuming Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.    (10:45) What To Invest In Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.   (15:10) Money And Emotions Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.   (19:29) Discipline Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.    (23:40) Planning Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.   (25:50) Wrong & Right Ways To Invest The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don't have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.   (27:49) Recession Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.   Links: https://linktr.ee/makeyourmoneymatter  Instagram: @makeyourmoneymatter @brad.barrett

Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.   He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.   Don't miss this episode of Making Bank, with Brad Berrett.   (3:11) Background Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.   (5:28) How To Look At Money Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.   (7:49) Creating Vs Consuming Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.    (11:37) What To Invest In Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.   (16:03) Money And Emotions Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.   (20:22) Discipline Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.    (24:32) Planning Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.   (26:44) Wrong & Right Ways To Invest The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don't have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.   (28:42) Recession Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.   Links: https://linktr.ee/makeyourmoneymatter  Instagram: @makeyourmoneymatter @brad.barrett

Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.   He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.   Don't miss this episode of Making Bank, with Brad Berrett.   (2:18)  Background Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.   (4:35) How To Look At Money Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.   (6:56) Creating Vs Consuming Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.    (10:45) What To Invest In Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.   (15:10) Money And Emotions Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.   (19:29) Discipline Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.    (23:40) Planning Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.   (25:50) Wrong & Right Ways To Invest The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don't have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.   (27:49) Recession Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.   Links: https://linktr.ee/makeyourmoneymatter  Instagram: @makeyourmoneymatter @brad.barrett

Welcome back to Making Bank. On today's episode, we have Brad Barrett, who is the Managing Director of Partner at One Capital Management, a private wealth advisory firm managing over 5 billion in assets with nearly over 20 years of experience in the financial service industry.   He is passionate about finding new ways to educate investors. He's having the heart of a teacher. He shares his knowledge and his experience through his weekly YouTube podcast and radio show, Make Your Money Matter. His show aims to change the way people think about financial advice so they can make better decisions with their money.   Don't miss this episode of Making Bank, with Brad Berrett.   (3:11) Background Brad had early experience of a failure of a company through his father and this became the reason he vowed himself to learn everything there is to learn about money so he will not make the same mistakes. He started his practice as an advisor when he was in college, getting his economics degree and then he joined One Capital Management.   (5:28) How To Look At Money Psychology is one of the things that plays into how we look at money. If you're in a business there are two Ds that are very important. Discipline and Discernment. If you hold these true, you'll be fine and try not to look over the fence too much. Comparison is the thief of joy. You don't want to get trapped up in those kinds of mental constraints.   (7:49) Creating Vs Consuming Successful people are more interested in the process rather than the end product. However, most of us usually do something in order to have the ability to then consume something which is not wrong, but if you can fall in love with the process rather than just concentrating on the ultimate goal, you will soon find yourself to be more successful than you were with the previous ideology.    (11:37) What To Invest In Emotions play a lot in this, but be careful what the mind tells you. The mind's telling you that the market is going down, so you need to fear. There's definitely some positions that have come down that likely aren't fundamentally true. it could be anything. A good advisor is going to look and find under the hood, because some of the positions that are down, but aren't down are good buys because there are those.   (16:03) Money And Emotions Emotions play a huge role in anything where money is involved. So, if you're feeling down about something you've got in your life, a concept or a topic about money will likely coerce you into making decisions that you wouldn't have normally done before. And this happens in the form of buying an investment that we haven't really researched, or pulling out of a market because of fear that's setting in.   (20:22) Discipline Discipline is always better than motivation. It's important that you put some tools in place to help you in your business because it is very easy to get motivated for a time being but it takes discipline to actually commit to whatever plan you had going. So the best way to do this is by having a co-pilot. Learn to have a partner so they can be the strength to your weaknesses and help you be disciplined.    (24:32) Planning Learn to plan ahead of time. Especially for situations you do not know. Because in business, anything can happen. It is always unpredictable and uncertain. So, in order to escape a complete failure, always be prepared for whatever that will come your way. Plan ahead of time so that you can be ready for any crisis that may fall on your business.   (26:44) Wrong & Right Ways To Invest The wrong way to invest is without doing your research, without doing your due diligence, without talking with someone about it. The right way to invest is having discipline. Don't have a motivational crash. Make sure you recognize the difference between discipline and motivation. Anyone can be motivated but only those who are disciplined will make it stick.   (28:42) Recession Recession is there whether or not people believe in it. The point is, invest through it. Stay disciplined, dollar cost average, where you can live within your means and you'll be fine.   Links: https://linktr.ee/makeyourmoneymatter  Instagram: @makeyourmoneymatter @brad.barrett

Happy Father's Day weekend, and thanks for joining us! In honor of Father's Day, our all-dad roundtable tackles the topic of what are some important life lessons that they learned from their dads about money, work, and life. We're happy to have Brad Barrett from the ChooseFI podcast join the other two dads who frequently our Friday roundtables - Len Penzo of the award-winning blog, lenpenzo.com, and our very own OG. These three dads will share their fatherly wisdom with us. Plus, we top it all off with some dad-approved trivia about a shoe brand that's popular with many dads. FULL SHOW NOTES: https://www.stackingbenjamins.com/friday-roundtable-fathers-day-1370 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices