Podcasts about fi how

Join weekly tips for pursuing FI How should you approach exercising ISOs when you don't have the ability for a cashless exercise?  Especially common in pre-IPO situations you may not have enough cash to exercise your ISOs to get the clock ticking on long-term capital gain treatment. In this podcast episode, I share some ideas for navigating this issue.

I have some big news… I am now a British citizen! In honor of finally getting my UK passport, and therefore completing this long journey to citizenship, I am releasing my UK FIRE episode. Barney, from The Escape Artist, joined me in my Edinburgh apartment (before the pandemic) to discuss all things related to financial independence and early retirement in the UK. Hope you enjoy it! Highlights The cultural differences between US/UK that affect pursuing FI How to escape from the prison we create for ourselves Translating US investing terminology to the UK (e.g. 401k→pension, IRA→ISA, etc.) Is it easier to reach FI in the US or UK Class structure in UK and how pursuing FI forces you to traverse all classes Why FIRE isn't bigger in the UK Difference between the different types of ISAs Is tax hacking possible in the UK Real-estate investing in the United Kingdom and the fantastic Rent-a-Room scheme How to use geographic arbitrage to reach FI sooner

What gives you joy and purpose? This week on the podcast, Doc G, a hospice physician and the host of the Earn & Invest podcast, shares the emotional and mental journey to reaching Financial Independence (FI).  Doc G explains that often we see money as the goal, but money is a tool to get to where we really want. We can very easily chase the end goal of financial freedom and feel empty and lost once we reach there and lose our purpose. The journey shifts when we start by discovering our purpose and prioritizing happiness today on the journey. Tune in to this week’s episode to hear more and learn how to use money as a tool on your path to freedom.  In this episode you’ll learn: How Doc G reached Financial Independence (FI) Why he choose to continue working after reaching FI How to use money as a tool & lever The 5 stages of coping with FI What role mindset plays in achieving and enjoying FI and much more... Sign up for my FREE Pop Up Podcast Series, Building Blocks of Financial Success: Get Out of Debt, Save, Invest, and Achieve your Money Dreams”. First episode drops March 29! Go to journeytolaunch.com/moneydreams to sign up. Other related blog posts/links mentioned in this episode: If you missed enrollment, join the waitlist for my FI course. Doors to the Money Launch Club will be opening soon! So get on the waitlist to be the first to hear about it by going to moneylaunchclub.com  Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. Connect with Doc G: Website Instagram:@EarnAnInvest Facebook:@EarnAndInvest Twitter:@EarnAnInvest Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the private Facebook Group Join The Money Launch Club Waitlist  Join the Waitlist for My FI Course Jumpstart Guide

Welcome to the Mindful FIRE Podcast, where we explore living mindfully on the path to financial independence and beyond. I'm your host Adam Coelho and I'm glad you're here.  On today's episode I'm joined by my friend Laurie Stephens, the Executive Director of Hood River Education Foundation a non profit helping students in Hood River, Oregon. We had a great conversation exploring how they made it happen and how they went about designing their life both before and after retiring early including what career to pursue, where to retire to and what to do with all their free time once they made it happen.  Today's episode is Part 2 of  our conversation and in it we explore how Laurie and her husband Doug retired at the age of 40 and what they've been up to since. In this episode you'll learn: How Laurie reinvented herself over and over, pursing new types of work The great thing about living in a small town How Laurie is at a crossroads in her life and how she is thinking through what's next How having kids impacted Laurie and Doug's journey to FI How they avoided the trap of lifestyle inflation and still do Why it's so important to reflect on what you want and why you want it How we can be open and ready to receive opportunities in our life Why self awareness is the foundational for both mindfulness and financial independence Today's Mindful FIRE Final Four: What Laurie most grateful for Laurie's top advice for people just getting started on the path to Financial Independence Laurie's top advice for those approaching financial independence Laurie's thoughts on how mindfulness factors into financial independence and designing a life that you love And so much more. I hope you enjoy my wonderful conversation with my friend Laurie Stephens. 

Discussed on today's show: Forrest regression..... Stats vs. sentiment How people value players the macro economy and how it impacts FI Covid-19 Fi performing well with no football What would stagnate the growth of FI? How their strategies have changed over the past 2-4 years If you did enjoy this, please do subscribe- and leave a review! Want to learn more about football index and hone your trading skills? Check out my YouTube channel: https://www.youtube.com/channel/UCBRKBjc-H8EvC15eejJc6GQ If you haven't already signed up to Football Index, use the referral code "FIG" when signing up for a bonus! ⬇ ●Deposit £50 or more, get a £20 bonus ●You also trade up to £500 risk free for 7 days (T&C's: https://trade.footballindex.co.uk/figbonus/) Today’s episode was brought to you by The Athletic. The Athletic is a subscription-based sports news site, delivering in-depth sports coverage for die hard fans.The Athletic is telling stories you won’t find anywhere else. No ads or clickbait; just great sportswriting. Join today and expand your football knowledge! For 50% off your annual subscription to the best sports writing around, go to theathletic.co.uk/FIG This episode was brought to you in partnership with IndexGain. Check them out here: Index Gain: https://indexgain.co.uk/?pa=FIG&subid=PODCAST and use the discount code 'FIG2020' for £5 off your first month, or your first month free and an extra £5 off if you go for their 6 month membership! The episode is supported by http://footballindextrader.co.uk, the best site for in depth player scouting and trading strategy. As an exclusive offer for podcast listeners, you can give the site a try with a 25% discount on your first month with code "FIG25". Music by Nkato, and Joakim Karud https://www.begambleaware.org/ and 18+

Discussed on today's show: Their favourite books to read January surge? The announcement 'Exchange rate' between players 'Top end bashing' Trading the bottom end Cheap Vs. Value What happens when we reach market cap? Order books FI marketing as a trading platform, not a growth platform Football Index marketing in general The 'p' word Dividends over a career IPOs What is the bet that we're placing on FI? How to value players How efficient is the market? Why do some youth players not make it? Youth player hype Age vs. player prices Predicting what traders are going to do Fear, anticipation, greed, ego Biases for new users and old ones Hyperbolic discounting FOMO Separating utility and value Delayed gratification Best irrational trade Who does best on the index, a pyschologist, a data analyst or someone who only watches football? Data Using xG Mainstream FI Media buzz.....is it sustainable? The future of FI Expansion into new territories If you did enjoy this, please do subscribe- and leave a review! Want to learn more about football index and hone your trading skills? Check out my YouTube channel: https://www.youtube.com/channel/UCBRKBjc-H8EvC15eejJc6GQ If you haven't already signed up to Football Index, use the referral code "FIG" when signing up for a bonus! ⬇ ●Deposit £50 or more, get a £20 bonus ●You also trade up to £500 risk free for 7 days (T&C's: https://trade.footballindex.co.uk/figbonus/) This episode was brought to you in partnership with IndexGain. Check them out here: Index Gain: https://indexgain.co.uk/?pa=FIG&subid=PODCAST and use the discount code 'FIG2020' for £5 off your first month, or your first month free and an extra £5 off if you go for their 6 month membership! Music by Nkato, and Joakim Karud

Discussed on today's show: FPL Vs. FI communities: Knowledge, banter and cooking skills The best LuaLua? Comparing trading techniques/philosophies to films, albums and TV series Lionel Messi, over or undervalued? How do you value players on FI 3 most valuable mistakes Index gain and data products to support your FI journey What FPL concepts could inspire FI? How to attract a broader range of users on FI? Women in the FI and footballing communities What leagues are over/undervalued? What market activity is going to be expected over the festive period? If you did enjoy this, please do subscribe- and leave a review! Want to learn more about football index and hone your trading skills? Check out my YouTube channel: https://www.youtube.com/channel/UCBRKBjc-H8EvC15eejJc6GQ If you haven't already signed up to Football Index, use the referral code "FIG" when signing up for a bonus! ⬇ ●Deposit £50 or more, get a £20 bonus ●You also trade up to £500 risk free for 7 days (T&C's: https://trade.footballindex.co.uk/figbonus/) This episode was brought to you in partnership with IndexGain. Check them out here: Index Gain: https://indexgain.co.uk/?pa=FIG&subid=PODCAST and use the discount code 'FIG2020' for 50% off your first month! Music by Nkato, and Joakim Karud

Are introverts more interested in FI than extroverts? Drew is an introvert on his path to FI, who was able to boost his career, finances and personal relationships by understanding his introversion and optimising his daily schedule. You'll love that story. We also chat about... What introversion really means The turning point of his career Starting his FI journey His current mindset with regards to FI How having a child changed his path to FI Enjoy this chat with Drew, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Blog: FI Introvert Drew on Twitter Book: Quiet: The Power of Introverts in a World That Can't Stop Talking Key takeaways from our chat with Drew 1 - Why introverts have a larger desire for FI Drew notes that most of the big FI bloggers in the community are introverts. He says that the reason for this is because the desire for freedom as an introvert is much greater than for extroverts. Introverts want to be free from office small talk, from sales meetings and from feeling controlled by other people - so the need to quit their job is much more urgent. 2 - How Drew used his introversion to improve his career Growing up as an introvert, Drew wasn't able to understand why he was different from others. People thought he was a terrible co worker and that he was arrogant. At the end of the day he had little energy and disliked his day to day work. After reading 'Quiet' by Susan Cain, he understood that he was an introvert and that he could use this to understand his limits and plan his day in advance. He was able to give more time to himself and have his own schedule - this boosted his career, his confidence and personal relationships. 3 - Mindset as a FI goal Drew and his family have $1 million in investment assets. They just had a son and Drew enjoys his career, so the family isn't planning on retiring early any time soon. They've decided that their FI goal is a mindset, not a number. Once they reach the mindset of spending more time at home and living in a lower cost of living area, then they will consider themselves officially FI. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Steph used to work at SpaceX and NASA... It's Steph's 1 year anniversary since she quit her job working as a rocket scientist. She reached FI by building an income through real estate in Greece, and now spends her time organising workshops and helping women with money as a financial coach! You'll love her story. We also chat about... Steph's strategy to reach FI How she acquired her property in Greece Getting over the fear of going to Europe What she currently spends her time on Her side hustles organising money workshops Enjoy this chat with Steph, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Blog: The Money Muse Steph on Facebook, Twitter and Instagram Gold City Ventures How they paid off $200,000 in debt in 5 years | Mr. and Mrs. rich & REGULAR Article: For These Women, a FIRE That Burns Too Male and Too White Requirements to become an accredited investor Mad Fientist Etsy Shop: The Swag Elephant Book: Broke Millennial Key takeaways from our chat with Steph 1 - The risk in buying a property overseas Steph was born in Greece but moved at the age of 3. She didn't meet her dad until she was 20, and that's when she was introduced to the concept of building villas and renting them out to tourists during the summer. So she started saving all the money from her job to allocate it to building a villa, and hiring her Dad as a property manager. Steph explains that there was a huge risk in this, and she decided to take a year off to see the villa get built and get to know her Dad. In the end it all worked out - she was willing to take the risk to maximise the return. 2 - How Steph decides what to do with her time It wasn't easy for Steph to quit, she first took on a part time contract before completely quitting. She then immediately took some barre classes, got a dog, volunteered at a pet shelter and finally had time to do all the things she wanted to do. Now she works at a co working space and runs a few side hustles including setting up events, financial coaching and talking about investing. She's realised that now that she's FI, she has the time to pursue activities that have a bigger impact. 3 - Not everything has to be tracked Steph does not identify as frugal or non-frugal; she's somewhere in the middle. She lives in Seattle and spends around $4k a month. Her priorities are education and health, and she is willing to spend money on things she finds important. She says that unlike others who reach FI, she did not really track her journey, but relied on her property in Greece to help her get where she wanted to be. As J says, there is no one size fits all approach to FIRE. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Have you ever tried negotiating for more flexibility at the workplace? That's exactly what Ms Mod did: she presented a proposal for better policies, and was able to negotiate with her employer to work from home for the same pay and benefits. She's also halfway on her path to FI and is mortgage free! You'll love her story. We also chat about... Ms Mod's path to FI How she got started with her career Negotiating flexibility How to present a policy proposal The Canadian path to FI Taking out money to pay off a mortgage Enjoy this chat with Ms Mod, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Blog: Modest Millionaires Ms Mod on Instagram and Twitter Cody at Fly to FI Gold City Ventures Article: 2018 Spending & Investments Review Book: Work Optional: Retire Early the Non-Penny-Pinching Way Blog: Our Next Life Mr Money Mustache Forum ChooseFI Episode: 088 | Career Hacking the Tech Industry | Millennial Boss Episode: How Negotiating Boosted My Income to a 6 Figure Salary | Financial Mechanic Blog: A Purple Life Episode: How I’m Retiring Next Year on a $500,000 Nest Egg | A Purple Life Key takeaways from our chat with Ms Mod 1 - How Ms Mod is getting to FI Ms Mod is half way on her path to FI, with 5 and a half years left! Her and her husband currently invest in real estate and use investment vehicles to build their wealth. They started building their wealth in 2012, and as they say it takes longer to get to the first half than the second half. Last year they saved $45,000, and they use the 'Pay Yourself First' strategy to keep their savings on track. Ms Mod doubled her salary in 4 years thanks to a career change. 2 -How to create a proposal for a policy change Ms Mod had her second baby, and decided she wanted more flexibility in the workplace to be with her children. So after hearing ChooseFIs episode with J on presenting a policy proposal, she did the same to change her work environment. On a 3 page proposal she added everyone's reasons for wanting to work from home, the benefits, statistics, surveys, Q&As and potential solutions for problems that may arise. She then gave them several options for them to work with, and they did a trial period of 6 months. She now works full time from home. 3 - The Canadian path to FI and paying off the mortgage Ms Mod explains that as a Canadian you have two main tax vehicles to invest with: TFSAs and RSPs. She says that your best bet is looking at your taxes and understanding them, so you know which one to prioritise. This allowed Ms Mod to take out the appropriate amount of money to pay off their mortgage. They decided they would be happier without having to pay off their mortgage every month, and so paid it off all in one go. She says the feeling to be mortgage free is priceless.

Discussed on today's show: Share split implementation Potential 2019 growth Summer media dividends Market movements 900 futures What's next for FI? How do Football Index become mainstream? Order Books Onboarding and tech If you did enjoy this, please do subscribe- and leave a review! Want to learn more about football index and hone your trading skills? Check out my YouTube channel: https://www.youtube.com/channel/UCBRKBjc-H8EvC15eejJc6GQ This episode was brought to you in partnership with IndexGain. Check them out here: Index Gain: https://indexgain.co.uk/?pa=FIG&subid=PODCAST and use the discount code 'FIG2019' for 50% off your first month! If you haven't already signed up to Football Index, use the referral code "FIG" when signing up for a bonus! ⬇ ●Deposit £50 or more, get a £20 bonus ●You also trade up to £500 risk free for 7 days (T&C's: https://trade.footballindex.co.uk/figbonus/) Music by Nkato, and Joakim Karud

Plan A is life. Financial independence in plan B. Do you agree with this statement? Today we have Doc G - a physician who reached FI before realising what he'd done. He then discovered the FI community and now focuses on the philosophical aspect of FI: finding your purpose, the importance of being employed and fulfilling your identity. You'll love his story. We also chat about... The emotional aspect of FI How he reached FI and discovered the community His blogging journey The amazing influence of the community Why he loves what he's currently working on Enjoy this chat with Doc G, and please subscribe to us in iTunes if you enjoyed it!   Show notes and links from today's episode Doc G's blog: DiverseFI Doc G on Facebook and Twitter Episode: White Coat Investor Key takeaways from our chat with Doc G 1 - FI is a huge part of our identity Doc G explains how he felt when he realised he had reached FI: depressed for several months. This was because he realised that he no longer enjoyed his job, and quitting and being FI meant losing that identity as a physician. When you spend years working in one job, of course it becomes part of your identity. Reaching FI and quitting means you lose that identity - which can be very hard to accept. Doc G also explains how FI in itself can also become a huge part of your identity; you can get so involved in the goal that you forget that FI is 'supposed to be a plan B'. 2 - Life is Plan A, FI is Plan B What does Doc G mean when he says this? Basically he means that best case scenario you get a job that you love and want to dedicate your life to. This is what you want to be aiming for. Plan B is FI - if you get a job you dislike and don't want to do forever, then FI is your 'escape hatch'. This is what Doc G is doing now (also called FIOR, Financial Independence Optional Retirement), where he works 10-15 hours a week and devotes all his free time to his passion of writing, communicating and speaking. 3 - The FI community is life changing Anyone who's part of the FI community know how amazingly supportive it is. Doc G and Gwen talk about how they felt always out of place in school, work, college, etc. The FI community is a place where everyone is welcome and extremely supportive, and where people keep pushing you to become a better person, improve your life and lifestyle. As Doc G says, FI is irrelevant if you always know how to make money, what makes the difference is the community. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

While reaching FI and building wealth could be a challenge for anyone, there may be certain factors that create different challenges for women on their journey than men. This week’s guest, Brynne Conroy, is the creator of the twice-nominated Best Women's Finance Blog, Femme Frugality and she is a huge proponent of overcoming the obstacles that women face while trying to reach their financial goals. In her brand new book, The Feminist Financial Handbook, Brynne presents a feminist view on finances relevant to a post-Recession economy that caters to women at any point on their financial journey. Also, check out how you can win a copy of Brynne's book, The Feminist Financial Handbook here In this episode we discuss: Brynne’s passion for the feminist side of finances The factors make women reaching FI different from men reaching FI How society's standards and expectation "hurt" women on this journey The different judgments and factors in being the modern day woman that has it all The concept of money not being the end goal or what really makes you happy How one can find their contentment level or peak money happiness and why it's so important to find How to find meaningful work now while on the journey to getting it together and reaching our goals The importance of men hearing the feminist financial message Overall tips for women who are on this path of Financial Freedom to succeed Other related blog posts/links mentioned in this episode: Get a copy of Brynne’s book - The Financial Feminist Handbook Carol Graham & her findings on Happiness  Helene Massicotte - Free To Pursue Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with Brynne: Femme Frugality Instagram: @femmefrugality Facebook: Femme Frugality Twitter: @femmefrugality Pinterest: Femme Frugality   Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group

Military FI Today on the podcast we spoke to Grumpus Maximus, a blogger and active member of the Financial Independence community, who takes a special interest in teaching his followers about pensions and retirement accounts.  The thing about today’s episode that was so striking, was that we spent a good portion of it talking about the psychological difficulties of staying at work when you are no longer interested or it is affecting your mental health.  Have you ever felt this way? Stuck in a job where everyday feels like a repeat of the day before? Both Wendy and I have had moments in our careers where we’ve felt the urge to break free of a job that weighed on us.  Grumpus has felt this way too, but there is added pressure from his job because unfortunately (fortunately?) he is inches away from crossing a Military Pension finish line!     Today we learned so much more about Grumpus’ interesting back story, and we discovered tips that will help us to more deeply assess our retirement planning options. Who Is Grumpus Maximus Grumpus is a natural storyteller.  He took us back through his life, highlighting the major financial turning points along the way.  We were able to fully explore each windfall and/or decision, and gathered some great tips for parents or individuals that find themselves in similar situations today.   Timeline: The Financial History of Grumpus Financial “Windfall” at an early age (but at a major cost) Entering the military as a Master’s Degree Level Officer The Mental Breakdown that changed everything The Birth of Grumpus Maximus and The Golden Albatross Blog The Grumpus Approach to Retirement Accounts Military members have so much to consider when maneuvering their way through their financial benefits, and much of the time they are not provided with adequate personal finance education.  This is something many non military members can also relate to. In both instances we are faced with making potentially life altering money decisions from a place quite close to ignorance. Grumpus defined the “High Three Pension Benefit” open to military members before a certain date, and he also defined various retirement accounts for us.  He talked a little about 403bs, 457s, federal/state and military pensions, defined contribution pension, and other accounts. Grumpus also discussed the key steps a person needs to take to figure out what accounts they have access to within their jobs, and also, how to value a pension!  In order to know whether or not you should  walk away from a job or stay is to see exactly what you are walking away from.  Figuring out the true value of the pension is part of that decision making process.   The true definition of a pension   defined benefit pension (paid in perpetuity) declining in the private sector (under 8%), more in the union benefits.  Become more powerful when connected with life insurance, health care benefits, cola adjustments. Defined contribution pension plans (public schools, etc) - access to a 403b and 457 plan usually the case as well. These come with some perks as well, such as being able to access the money prior to normal retirement dates. Thrift savings program - savings vehicle within the military. New development is a potential for a match, but this is a new blended program. The previous plan was the High 3s plan.  There are trade offs, including the reduction of the multiplier from 2.5 to 1.5, but there is not a match component.  Your contributions are matched by the federal government to a certain percentage. This means that if you don’t make it to 20 years, which represents the majority of military members,  you will at least leave the military with the matched contributions! This is a huge change, and will serve as a benefit for most. Roth options vs. Traditional options generally affect taxes. Health Savings accounts can act like a retirement vehicle the way they are currently written. The Grumpus Approach to Gutting It Out Grumpus talked openly about the juxtaposition of mental health vs staying in a career. In fact, he wrote an awesome post about “gutting it out”.  After reading the post, I wrote a direct response blog.  It was a fun exercise because it showed that there are things within our control that we can do to make the best of the work situations that we find ourselves in.   It is key to note, if you are truly feeling depressed within your current situation, you may need to speak with a mental health professional to tease out whether you are just going through an emotional lull or if you are facing real depression.  True depression requires additional support and possibly a change of environment. Please find professional help if you feel that you are in need of professional support. Military Benefits Let’s talk about Military Benefits.  Did you know about the GI Bill? Did you know that you can “give” your Gi Bill proceeds to a dependent or spouse?  Did you know that you can split the GI bill between multiple dependents? Did you know that as soon as you decide to pass the GI bill along, you should sign the paperwork?!  This is important because once you sign you incur a 4 year commitment starting on that day. Listen to find out the mistake that Grumpus made related to this GI Bill assignment! Also, check out the Yellow Ribbon Program to figure out which schools will cover educational costs above and beyond the GI Bill Maximums. There are other benefits too!  COLA, or cost of living adjustments are baked into the military pensions.  Health care access is extensive and healthcare coverage is one of the biggest FI issues facing those that want to retire early.  In America, health care coverage is tightly linked to work. You work, you get coverage. You don’t work and coverage is expensive to obtain.   Knowing the value of your benefits are the very first step to figuring out if you should stay or you should go.   Topic Overview For This Episode Grumpus Maximus about pensions and the military Where the name Grumpus Maximus comes from The Golden Albatross Grumpus Maximus’ backstory How he discovered the FI movement How he wanted to quit the military but would then lose all the benefits His relationship with Mrs Grumpus about money How to manage finances as a couple the non Grumpus way What FI looks like now for Grumpus How Grumpus got through the mental breakdown His top resources for learning about FI How to understand the pension How the military retirement system is changing for the younger generation Grumpus presented FI to his colleagues in the military Grumpus on the Final Questions: Learn to live within your means, Learn to save money, and the earlier the better!  Grow and compound your savings before you potentially hit that “Golden Albatross Moment”  High Cost of Living Area Hacks - Menu planning is a huge benefit for their family.  Mrs. Grumpus is buying meals with a specific intent, thereby saving their family thousands of dollars over time.  They also use the big box stores like Costco and Sam’s Club - but you must “do it right” so as to not overspend. Shop from your pantry first, and then meal plan.  Find Grumpus at www.grumpusmaximus.com , via email at grumpusmaximus@grumpusmaximus.com or on twitter @maximusgrumpus.  Join Grumpus’ facebook group to grump about any topic related to retirement!   Stay Tuned For Our Next Episode… Join us in the next episode when we talk to the most fun couple, Amon and Christina Browning of the Youtube Channel Our Rich Journey!  This family of four travels to foreign places to work, and they share their experience of traveling with a family. This episode with Amon and Christina was SO GOOD that Wendy is now secretly plotting out ways to convince her hubby to move abroad!   What was one thing you learned by listening to Grumpus? Let us know in the comment section below or continue the discussion in Our Facebook Group! Please take a moment to subscribe to the podcast via iTunes or Stitcher so you don’t miss the next episode! While you’re at it, give us a rating and Tweet the podcast to your friends. We are having a Free 4 week Money Bootcamp aimed at helping you get control of your finances, save more and spend less.  Space is limited, so send us a message via Facebook or through our website contact form today. If you’d like to be a guest on the show, please contact us on HouseOfFi.com

Co-hosts of House of FI podcast join us to explore a simpler path to wealth, shifting our awareness and mindfulness from the pursuit of more stuff to the pursuit of financial freedom. There’s one thing we know for sure. We put our time, energy, and our money towards the things that we value. But what happens when our values are incongruent with our consumption behaviors, placing us in danger of missing out on the freedom associated with living the life of our dreams? Here to help us explore the intersection between the KonMari Lifestyle and Financial Independence are co-hosts of the House of FI podcast - Wendy and Timika. House of FI helps families who dream of retiring early, but are unsure how to do so AND raise a family, figure out a plan. Their guests share their journey to financial independence, early retirement, and debt freedom. We want to hear from you! Tell us your burning tidying questions or share stories about how KonMari has impacted your life. Find us at www.sparkjoypodcast.com and click “Ask Spark Joy” to leave a question or comment for a chance to be featured on next week’s show. While you’re there, sign-up to join our Spark Joy podcast community and get notified when each episode airs. You can also join the Spark Joy podcast community on Facebook, Instagram or Twitter at the handle @sparkjoypodcast. In this episode, you’ll enjoy: - The true definition of Financial Independence (FI) or Financial Independence Retirement (FIRE) - What led Wendy and Timika to start down the path to FI - Common myths and misconceptions associated with FI - Timika's marathon KonMari tidying experience with Kristyn and how it relates to her financial journey - The "eels" that attach to us, as mentioned on John Roderick's podcast - The end goal: How do you know when you've reached FI? - How influencers such as Mr. Money Mustache or The Dough Roller have calculated fees associated with actively managed retire accounts - How to the get over the getting started hurdle when it comes to FI - The importance of using a tool like Personal Capital to track and manage your net worth - How the FI community handles healthcare coverage - The importance of taking and celebrating the small steps - Podcast's that House of FI recommended to extend your FI community: Journey to Launch and ChooseFI Wendy's favorite FI tip: Tracking your fixed and discretionary expenses Timika's favorite FI tip: Wendy's meal planning tips; Refinance your mortgage to a lower rate when appropriate to free up money for debt pay off; Get a roommate, move from a single family home to a multi to generate rental income, or buy a car that's not brand new. Use travel credit cards to generate reward points. What sparks joy for Wendy: Launching House of FI! What sparks joy for Wendy: Launching House of FI!! To hear more from House of Fi, check out their podcast via houseoffi.com or connect with them on Facebook. After catching up on their latest episodes, leave a review of House of FI on iTunes for a chance to win a copy of Kids Money Habits by Amy Koit. Gems: - "...essentially, setting yourself up so you're in a position to have choices." - "People are also beginning to think more about how to optimize their lives so they can do more things that bring them joy on a regular basis." - "The idea that you have to be extremely frugal to the point of deprivation is one myth." - "When you add it all up, you see the huge mound of money that's exiting your bank account; just like I saw the huge mound of clothes that my three year old climbed on top of when we put it all in one place and went through it one by one." - "What is it that you're doing this for? What are you going to retire to? What does financial independence look like?" - "It's really being more intentional about our money...the balancing of each financial decision..really sticking to the goal." - "Don't be an island. Make sure that you're connected with other people and a community." You can find Karin Socci at The Serene Home You can find Kristyn Ivey at For the Love of Tidy Special Guest: House of FI.

095 | The author of the Military Dollar joins Brad and Jonathan to discuss the various ways that service members can optimize their finances and choose financial independence, including retirement plans, financial planning, health care benefits and the GI Bill.   Working in the military can set someone up to retire after 20 years with a pension and the ability to pursue whatever interests them. Why do many young members of the military actually have financial problems? Has Military Dollar ever seen any specific education for new servicemen? How could a young person change his/her mindset to make more frugal choices and pursue FI? Why did Military Dollar decide to pursue financial independence? How did she get started? What was MD’s savings rate early on? How has MD set herself up to potentially retire by 41? What was the moment that changed MD’s mindset and approach toward finances? How do most military members approach debt? What does the optimized path to FI look like in 2018. What’s the difference between the old Legacy Retirement and new Blended Retirement System? What advantages does the Blended Retirement System have for people who don’t stay in the military for 20 years or more? What is the biggest difference between the enlisted and the officer’s route to FI? How can people plan for and understand relatively predictable promotions and pay raises? If someone starts young and doesn’t increase their lifestyle spending, getting to a 50% savings rate is very possible. Within the military retirement system, what investment options are available? Active duty health care = free for you and your family. How does the GI Bill work, and how does that help with college expenses? The GI Bill can be passed onto family members, but does include a service commitment. If the GI Bill is used by a service member’s children, or after separating from the military, there is a housing allowance available. GI Bill will cover all tuition and fees as an in-state student for public universities. GI Bill will cover approximately $22k for private universities. What is the Yellow Ribbon program, and how does it help cover the difference? What is the minimum time of service to qualify for the GI Bill? What’s next for the MD whenever she retires from the military? How does MD balance her commitment to the military with her interest in serving her community? How will MD know when it’s time to retire? For more information, visit the show notes at https://ChooseFI.com/095

I am super excited because today we are celebrating the one year anniversary of the Journey To Launch Podcast! For the past year, I have been able to share my thoughts, advice and feature amazing financial experts all to help you eliminate debt, save more money and increase your net worth. Your support truly means the world. What better way to celebrate Journey To Launch’s 1-year anniversary than by discussing episode favorites with a few Journeyers? In this episode, I take a few call-ins from special Journeyers who share what their favorite episodes are and why. I talked about the most popular/downloaded so far: Episode 41-How To Change Your Mindset, Habits & Beliefs To Reach Your Financial Goals w/ Jim Fortin Episode 48- From Unemployed and Broke to a Millionaire in 5 years w/ Grant Sabatier Episode 19- The Pillars of FI & How you can Reach Financial Independence   I love all of my episodes but here are just a few of my favorites: Episode 47 -Sylvia's Journey To Paying Off 6 Figures of Law School Debt & Becoming Financially Independent Episode 6- Improve Your Mindset & Stay Focused on Your Financial Journey Episode 20- A Money Chat With My Husband + The Budget Boot Camp   Special thanks for the Journeyers who called in to leave a voicemail- Nassema, Jocelyn, Courtney, Heitor, Lynn & Esperenza.   At the end of the podcast, I also talk about the waitlist to the soft launch of my monthly membership program. Get monthly tips, tools, and classes to help you launch to Financial Freedom. Click here to sign up and be the first to be notified when the doors open in Summer/Fall 2018. Nominate me as Podcast of the Year, Best FIRE Podcast & Community Builder at the 9th Annual Plutus Awards. Just enter in my website www.journeytolaunch.com to nominate me in the following categories at the 9th Annual Plutus Awards; Podcast of the Year, Best FIRE Podcast & Community Builder. Nominate me here.   Other related blog posts/links mentioned in this episode: Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.   Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group  

068R | The next steps after Dave Ramsey’s Peace University, the importance of being present and food budget hacks. What you’ll hear on today’s show: Review of Monday’s episode Brad’s life improvement thanks to FI How to use Dave Ramsey’s lessons Question from Chris about Dave Ramsey What the next steps after the Peace University look like Why and how credit cards can be useful Jill talks about being nervous going back to credit cards Michelle says the episode 68 is great to send to Dave Ramsey fans The great advantages of working on a budget as a couple Comment from Nick about paying off a mortgage How FI is not about deprivation The importance of being present Voicemail from Louisa on a food budget hack The video series on different food hacks Voicemail from Ashley on her frugal win of the year College hack on graduate assistantships An article on the dangers of robo advisers Voicemail from Jesse about optimizing cashbacks iTunes and book giveaway Links from the show: Dave Ramsey’s Peace University ChooseFI travel reward credit cards Blog: Reaching for Balance Food hack video series Beware of Robo Advisors Bearing Low Fees ——————-   Thank you for being a part of the ChooseFI community! 

061 | Mindfulness Coach Cory Muscara shares his background as a monk, how mindfulness links with FI and the process of meditation. This episode covers: Cory’s background meditating for 6 months
 How he got through with it and the lessons learnt
 How he discovered FI and how it links to mindfulness
 Figuring out what comes after FI
 How people can get started with meditation ——————-   Thank you for being a part of the ChooseFI community! 

060 | Myles Wakeham shares the little-known advantages of medical tourism, how he covers his medical bills and his personal journey to FI. This episode covers: Myles’ personal journey to FI How he discovered medical tourism The huge benefits of traveling abroad for medical treatment His investments in Bitcoin How he plans for adverse events ——————-   Thank you for being a part of the ChooseFI community! 

057 | Grumpus Maximus shares his military background, his blog about understanding pensions, and his path to FI. In this episode we cover Interview with Grumpus Maximus about pensions and the military Where the name Grumpus Maximus comes from The Golden Albatross Grumpus Maximus’ backstory How he discovered the FI movement How he wanted to quit the military but would then lose all the benefits His relationship with Mrs Grumpus about money How to manage your finances as a couple What FI looks like now How Grumpus got through the mental breakdown His top resources for learning about FI How to understand the pension How the retirement system is changing for the younger generation Grumpus presented FI to his colleagues in the military Hot Seat questions Links from the show Grumpus Maximus’ blog What is a Golden Albatross? The Pension Series Worth vs worth it Mr Money Mustache Jim Collins Retirement Planning: How to Calculate your Gap number Can I retire yet? Blog FIRECalc and Flexible Retirement Planner Grumpus Maximus Facebook Page and Facebook Group  

055R | A review of ChooseFI’s 2017 on the great progress of the community, several voicemails on FI successes and plans for 2018 This episode covers: • How far the ChooseFI community has come • Eric’s great successes on his path to FI • How everyone in the community is helping each other out • The idea of building the community offline • Colby’s college hack to graduating debt free • How FI is about living a life of intention • Huge thank you to everyone __________________ Thank you for being a part of the ChooseFI community! :) If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://choosefi.com/itunes  2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are approved for cards on this page 3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place) As Jonathan would say, "The FIRE is spreading my friends!"

Millennials are often mischaracterized as being lazy and wanting things handed to them.  I can’t tell you how far from the truth that is, especially when it comes to Gwen & J  from the FIRE Drill Podcast who came on the podcast today to talk about pursuing FI and the different aspects of paying off debt and being financially stable. Both bloggers have their own informative and successful blogs that share their specific paths to FI and are set on inspiring others to do the same. I’m also super impressed by what they’ve been able to accomplish so far at such young ages. Gwen has saved $100k by age 25 and purchased her first rental property, a triplex, earlier this year. J has paid off nearly $100k of debt in two years and has saved over $200k towards retirement by age 28. On the episode today, we explore the importance of savings and increasing your income. J explains how essential it is to have an emergency fund after what happened to her while she was paying off debt, and Gwen talks about why she has FU money. It was also interesting to hear their takes on real estate and how to get started with house hacking. This is a great episode on the importance of working towards FI and achieving financial goals. I also announce the Budget Boot Camp Class & open the waitlist for the Q1 2018 Journey To Financial Freedom Mastermind. Now here are the main topics we talk about in the episode: The FIRE Drill podcast What the podcast is about Their specific interests in finance How FI allows a life of options An interesting way to pursue FI How their opinions have evolved since the beginning of the podcast J and Gwen’s journey How Gwen found FIRE in college Why Gwen plans on quitting her job and be her own boss The sacrifices involved How J got inspired to pay off all her student debt J's methods to pay off debt Career hacking Reaching FI How savings give you freedom and options What is FU money The importance of having an emergency fund Getting started with real estate 2 methods to achieve FI: savings and monthly cash flows The irony once you achieve FI Having a back up plan Other related blog posts/links mentioned in this episode: Grab your seat at the Budget Boot Camp Sign up for the 2018 Q1 Launch To Financial Freedom Mastermind Waitlist Paula Pant: Afford Anything Mad Fientist: HSA - The Ultimate Retirement Account Bigger Pockets Leave me a voicemail- Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services - Get my personalized 1on1 money coaching expertise to help you reach your financial goals Connect with Gwen & J: Gwen’s blog: Fiery Millennials Jay’s blog: Millennial Boss Listen to the FIRE Drill Podcast  Connect with me: Journey To Launch Instagram Journey To Launch Twitter Journey To Launch Facebook Page Join the private Facebook Group  

052R | We review Monday’s episode featuring Todd Tresidder discussing the different ways to reach FI through different asset classes, goals for 2018 and how to invest in yourself to create a happier life. What we cover: Recap of Monday’s episode with Todd: our most commented podcast How Todd makes us rethink FI and the way his mind works Why things are not as simple as the FI community make it out to be What other assets there are apart from index funds The 2 ways of getting into the entrepreneur game How FI is not a lottery ticket, the work to be put in. Why starting a business does not mean reaching FI How to choose which asset class is your path to FI How Brad’s bad experience in real estate makes him nervous about starting again 2018 goals: taking the next step with real estate The importance of not being dogmatic and broadening horizons Feedback from Trent on real estate, stocks and bonds How real estate can be a good plan for retirement Big Ern’s thoughts on Monday’s episode Active asset allocation: can it work for FI? Why investing in yourself will always make you win Christian’s voicemail on his 2018 goals The 80/20 analysis: why reaching level 2 understanding doesn’t have to be necessary How we’re now learning more about FI with our audience, not just teaching A voicemail from Jason about his big change: FIPE (Financial Independence Partial Retirement) iTunes review and book giveaway   Links from the show:   Monday’s episode: FIRE State of the Union Coach Carson’s episode: House Hacking Guide Mr Money Mustache Millennial Money Man Coach Carson’s new investing course: Real Estate Start School Sign up to our email list to send feedback Big Ern’s website: Early Retirement Now The Choose FI t-shirts Subscribe on iTunes ------------------- Thank you for being a part of the ChooseFI community!  :) If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are approved for cards on this page 3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place) As Jonathan would say, "The FIRE is spreading my friends!"

What is Financial Independence and how can you reach it? Today I sit down with the guys from the Choose FI podcast to talk about the pillars of Financial Independence (FI) and the practical steps you can take to attain this goal. In today's episode with Jonathan & Brad, we talk about the following: The backgrounds of Jonathan & Brad from Choose FI and what prompted them to get off the hamster wheel Jonathan graduating with $168,000 in student loan debt and how he paid it off What FI is and how do you know when you've reached FI The Pillars of FI How can someone begin to work towards FI even while still in debt plus so much more! On last week's podcast episode, I talked about making my TV debut here in NYC as the personal finance expert on a weekly segment. Check out the preview below and watch the segment online here. If you're local in NYC, you can watch me every Wednesday on Making Cents w/ Kristie on News12 Bronx at 4pm and News12 Brooklyn at 5pm on Optimum (channel 12) & Spectrum (channel 212) cable networks. Other related blog posts/links mentioned in this episode: My One on One Money Coaching Services The Wealth Building Manual YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.   Connect with Choose FI: choosefi.com Choose FI on Facebook Choose FI on Twitter   Connect with me: Journey To Launch Instagram Journey To Launch Twitter Journey To Launch Facebook Page Join the private Facebook Group  

048 | Jeff from The Happy Philosopher joins us on the show to discuss the pursuit of happiness including how he reached a burn out point in his job as a radiologist and how his focus on happiness helped him find a path forward. In Today’s Podcast we cover: A discussion with Jeff from The Happy Philosopher An introduction to Jeff’s background story Jeff found himself burned out about four years into his full-time profession and he was stressed out and anxious and just not happy He reached a breaking point where he discussed with his wife his plan for five more years of work He had shortened his “prison sentence” but hadn’t made his “cell any more comfortable” (we discussed suicide in the episode and Jeff asked that we include a phone number for the National Suicide Prevention Lifeline) He couldn’t wait five years to be happy – he had to experiment now to find that happiness Was there something about his job that led him to this breaking point or was it that he hadn’t found what made him happy? Early Retirement Extreme was mind-blowing for him intellectually and led him to FI How medical professionals can feel “trapped” in their job because of sunk costs Did Jeff experience lifestyle inflation once he became a full-time physician? What did Jeff’s path out of burnout look like? How Jeff’s consumption of news led to much of his stress What else has Jeff cut out of his life? Happiness through subtraction Decluttering and getting rid of the negatives in your life Cutting down on commitments that aren’t necessary in our jobs and lives How Jeff pursued a job sharing part-time work during his peak earning years The Marginal Utility of Money and how your spending impacts your happiness The concept of trading your time for money How does Jeff approach how to spend money in his own life? The concept of utility versus value The importance of gratitude and how happiness is a skill Make a conscious decision to place a space between stimulus and response Hot Seat Questions Jeff suggests you experiment with cutting out alcohol entirely from your life for a set period of time as an experiment (Jeff also wanted us to mention:  "Anyone who is a heavy drinker should probably consult with a doctor or someone familiar with alcoholism and alcohol withdrawal before quitting cold turkey.") Links from the show: The Happy Philosopher Early Retirement Extreme Mr. Money Mustache Happiness Through Subtraction at Mad Fientist Alligators and Kittens at The Happy Philosopher The Power of No at The Happy Philosopher How Understanding the Marginal Utility of Money Will Make Your Happier at The Happy Philosopher How to Be The Happiest Person in the Room at 1500 Days 7 Ways to Be Insufferable on Facebook at Wait But Why Books Mentioned in the Show: 13 Things Mentally Strong People Don’t Do The Life-Changing Magic of Tidying Up by Marie Kondo Your Money or Your Life

037 | In today's podcast we speak with Scott Rieckens, the creative force behind the upcoming FI documentary called 'Playing With Fire' and we learn about his FI journey and this exciting project. In Today’s Podcast we cover: A discussion with Scott Rieckens, the creative force behind the upcoming FI documentary ‘Playing With Fire’ we’ve discussed on previous episodes Scott is devoting the next year of his life to create this documentary about the FI community Scott’s background story and how he found FI How they were on the ‘hamster wheel’ just working to pay for the lifestyle they were living The importance of a side hustle or entrepreneurship Scott consumes a lot of media, including podcasts and found the Tim Ferriss show especially valuable Lifestyle creep in their living arrangements in Coronado How Scott found Mr. Money Mustache and the FI community through the Tim Ferriss podcast Living a life of happiness while pursuing Financial Independence You don’t need $10 million (or a similar amount) to retire early How Scott enjoyed the positive nature of the FI community How Scott presented the FI concept to his wife and the thought of ‘why isn’t everyone doing this?’ How Scott framed FI to his wife with the focus on happiness Looking at expenses in the framework of a 10-year timeline Scott’s wife’s list of the things that make her happy on a weekly basis Considering moving out of Coronado and California generally: Geographic arbitrage How your entire life costs less when you leave a high cost of living area How they approached the decision to move out of Coronado and what that process looked like How moving allowed Scott to take a year of his life to create the FI documentary Playing With Fire Scott’s wife was not only on board with the decision, but she wanted to travel in a camper and go on an adventure Pursuits that matter to them that they now can pursue on the journey to FI The timeline behind Scott’s FI journey and decision to create the FI documentary Scott’s surprise that no FI documentary already existed and his start approaching us at ChooseFI to discuss the project How the idea of FI can be life-changing for so many people How this documentary can help spread the message of FI How he decided to call the documentary ‘Playing With Fire’ Hot seat questions Scott’s biggest financial mistake was taking on too much student loan debt Scott would have ‘house hacked’ to buy property in his college town if he could do it all over again 

Fi How to become a joyful generous giver. CLICK HERE for resources from our interview with Bryan.