Podcasts about Financial independence

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  • 1,037PODCASTS
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Best podcasts about Financial independence

Show all podcasts related to financial independence

Latest podcast episodes about Financial independence

The Scope of Practice Podcast
Podcast Episode 87 - Can you really have it all?

The Scope of Practice Podcast

Play Episode Listen Later Nov 29, 2021 61:09


Episode 87 - Today I'm going to do something a little different.  I'm bringing you two of my most popular talks from the recent Marriage and Money, M.D. Summit.  We had  over 1300 people register for the conference, and the speakers did an absolutely phenomenal job!  Today we ask, "Can you really have it all?"This first conversation is with Drs. Nii and Renée Darko.  They met in medical school and married after a 10-year courtship. When they realized they were drowning in almost $700,000 of student loan debt and living paycheck to paycheck without much in savings and zero investments, they made a pact to pay off their student loan debt in 15 years. In only 3 short years, not only were they free of student loan debt, but during their debt payoff, they cash flowed several rounds of infertility treatments and quit their jobs to become entrepreneurs, starting 3 businesses. Our next speaker is Dr. Kate Mangona.   She and her husband Victor, are active and passive real estate investors in over 3 thousand multifamily units and single-family rentals and they lead a Multifamily Masterclass course where they teach others how to passively invest in real estate to grow their wealth as they sleep. Kate hosts the Medicine, Marriage & Money podcast and leads the Medicine, Marriage, & Money Coaching Program where she helps married women physicians with children spend less time arguing with their spouse, and more time reigniting the sparks once felt during their honeymoon. Click here to download your free CME credits for listening to the show!It's time to Residency-Proof Your Marriage!This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time.  Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage.   This is a very inexpensive investment in your marriage.  A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time.  This course is just a fraction of that cost and you can complete it on your own time!The course is also eligible for CME credits, so you can use your employer's CME funds to sign up.Registration for the course is open NOW! Free Resource: 3 Critical Tools to Level Up Your Family's FinancesBuying a house can and should be fun, but you've got to put in the work to do it right.  That's why this week's free resource is so valuable.  It's a pdf download called “3 Critical Tools to Level Up Your Family's Finances.”  It'll help you create an easy budget that actually works, set some reachable financial goals, and communicate with your spouse about money without ending up in another money fight.  That way, you can save up for your house, or any other big purchase and get there with your sanity and your wallet intact.   You can download it for free by clicking here.

The Creative Penn Podcast For Writers
Patience, Ambition, And Financial Independence With MK Williams

The Creative Penn Podcast For Writers

Play Episode Listen Later Nov 29, 2021 57:44


How can you cultivate patience for your long-term author career? How can you figure out your personal, creative and financial goals and make choices toward them? MK Williams talks about these questions, as well as podcast marketing and turning a blog or transcript into a book. In the intro, my reflections on the UK FutureBook […] The post Patience, Ambition, And Financial Independence With MK Williams first appeared on The Creative Penn.

ChooseFI
353 | Families Fly Free

ChooseFI

Play Episode Listen Later Nov 29, 2021 49:11


In this week's episode, Brad and Jonathan are joined by Lyn Mettler from "Families Fly Free" to discuss optimizing your travel rewards when traveling with family! Join the trio as they discuss different ways to utilize travel rewards programs so you can be one step closer to finally taking the vacations of your dreams! Lyn Mettler Website: Families Fly Free with Go To Travel Gal Podcast: Families Fly Free Podcast Resources Mentioned In Today's Conversation Travel Rewards: How To Travel The World For Almost Free (The Easy Way) ChooseFI Ep. 009 If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!

Mighty Parenting | Raising Teens | Parenting Young Adults
6 Ways Parents Can Help Teens Achieve Early Financial Independence | Dan Sheeks | Episode 205

Mighty Parenting | Raising Teens | Parenting Young Adults

Play Episode Listen Later Nov 29, 2021 53:58


Money doesn't buy happiness but not having enough creates problems. Relationships get strained, mental health suffers, and opportunities are limited. But what if our teens could achieve early financial independence? What if they could have enough income to give them more choices about their job or how they spend their time? Dan Sheeks works with teens who are striving for early financial independence. Dan joins Mighty Parenting podcast host Sandy Fowler to discuss 6 ways parents can help teens gain fundamental financial skills and get a leg up on financial independence.  Our Guest: Dan Sheeks  Detailed Show Notes and Support at MightyParenting.com episode 205 DISCLAIMER: THIS POST MAY CONTAIN AFFILIATE LINKS WHICH REWARD ME MONETARILY OR OTHERWISE WHEN YOU USE THEM TO MAKE PURCHASES. THANK YOU FOR SUPPORTING MY WORK BY USING MY LINKS TO PURCHASE PRODUCTS AND SERVICES. Sponsor Tip:  One of the best ways to help kids learn is to allow them to make mistakes. The older they get the bigger the stakes and the greater the fear parents have around allowing them to make mistakes. So start today. Just take a deep breath and let them learn. And if you want them to learn in a safe environment get a Troomi phone so you can set up appropriate access to everything on the phone right in the parent portal. Troomi lets you guide your child in learning to use smartphones is a safe and healthy way with plans that grow with your child.  You can learn more at troomi.com and use the code MIGHTYPARENTING to get half off a phone through November 30th ($50 off after that). And if you want to know more of Sandy's thoughts on using Troomi to help your child develop healthy technology habits just email through the contact page on mightyparenting.com.  

Yo Quiero Dinero: A Personal Finance Podcast For the Modern Latina
116: How To Invest For Financial Independence | Nora Dávila of Inversionista Gal

Yo Quiero Dinero: A Personal Finance Podcast For the Modern Latina

Play Episode Listen Later Nov 28, 2021 48:21


Learn how to invest for financial independence featuring Nora Dávila, PhD, Creator of the Spanish-language investing education platform & podcast, Inversionista Gal. Nora Dávila is a podcaster, educator, scientist, engineer, PhD and investor. She helps Latinas in their journey to reach financial independence teaching them about investing in RE and the stock market from her academy, Inversionista Gal Academy, which also has a 100% educational podcast. Where you will find inspiration in your path to achieving financial independence. Episode 116 Highlights: What she learned about dinero growing up The career path she chose and what her journey looked like to get there How Nora went from learning about retirement accounts to learning about financial independence How she started investing and the pivots she made as she became more knowledgeable Her ideal FIRE journey (hint, it doesn't involve retiring) Encouraging mujeres Latinas de la comunidad a buscar FIRE Advice for someone who is ready to start investing or pursue financial independence Why she wanted to teach investing in Spanish For full episode show notes, visit us here. Loving this episode? Leave us a review if you're listening on Apple podcasts and be sure to follow us on Instagram, Facebook, Twitter and YouTube! Until next time, stay empowered, stay inspired and #staypoderosa ✨ Want to kickstart your financial journey? Download our free-14 page guide covering all the topics you need to start making your dinero moves. Visit us here. From mindset to budget basics, we've got you covered! Partners mentioned in this episode: BetterHelp—Professional Support When You Need It, At The Fraction Of The Cost Of In-Person Therapy. Get 10% off your first month! Ellevest—Unleash your financial power with a customized, goals-based approach in one beautiful platform. Created for women and designed by women. M1 Finance—Investing, borrowing, and cash management in one easy-to-use platform. Build a portfolio of stocks and ETFs for free! Support this podcast: https://anchor.fm/yoquierodinero/support --- Support this podcast: https://anchor.fm/yoquierodinero/support

Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business
Melanie Power: Helping Women Achieve Financial Independence and Security

Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business

Play Episode Listen Later Nov 25, 2021 31:00


Show Summary Join us as we talk with Melanie Power about helping women achieve their financial goals. We discuss: The biggest obstacle to financial independence most women face and how to overcome it The importance of having a vision and values Fear of pricing and sales How to tackle imposter syndrome We also chat about the future of the accounting and bookkeeping, and how to position ourselves to leverage current trends in the industry.  Listen now and let us know your thoughts on the comment box below! Website: http://www.melaniepower.com Facebook : https://www.facebook.com/themelpower Instagram: https://www.instagram.com/themelpower/

Optimal Finance Daily
1721: 5 Reasons You Won't Reach Financial Independence by Chris Panteli with Fiology on Principles for Early Retirement

Optimal Finance Daily

Play Episode Listen Later Nov 25, 2021 10:58


Chris Panteli with Fiology shares 5 reasons that you won't reach financial independence Episode 1721: 5 Reasons You Won't Reach Financial Independence by Chris Panteli with Fiology on Principles for Early Retirement Fiology is an educational resource designed to teach you about Financial Independence (FI). They have scoured the internet to find content from the best and brightest of the FI community and have created lessons covering the critical concepts of FI. In addition, there is original content, financial coach references, and real money stories from real people from the Financial Independence Community. The original post is located here: https://www.fiology.com/you-wont-reach-financial-independence/  Charityvest provides a modern tax-deductible charitable giving account, called a donor-advised fund, to everyone. For no fees on investments in 2022, go to Charityvest.org/ofd  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

The Money with Katie Show
#8: BETTERMENT CEO INTERVIEW: Financial Independence & Successful Investing with Sarah Levy

The Money with Katie Show

Play Episode Listen Later Nov 24, 2021 38:58


I was excited to talk to Sarah, the CEO of Betterment, about some of the tough questions I've wanted to ask someone for a long time:COMPETITION: What makes Betterment better than, say, Wealthfront?HUMAN EXPERTS: How much human involvement goes on behind the scenes with a roboadvisor?THE FUTURE: Where's Betterment headed in the next 5 years? 10?INVESTING WITH YOUR VALUES: How is Betterment approaching socially responsible investing?If you want to get started with Betterment, you can do so here.

Hōm Bod
75. Financially Fierce Females with Dominique Mullally

Hōm Bod

Play Episode Listen Later Nov 24, 2021 34:31


Dominique Mullally is a Business & Wealth Strategist and Consultant and founder of Financially Fierce Females and helps women in business create consistent cashflow, maximize profits, build business for scale and personal wealth and create financial independence in 7 years or less using proven strategies.  Dominique takes the fear and overwhelm out of understanding their numbers so they can confidently make, manage and multiply their money and build wealth.  She uses her expertise in Financial Advising, NLP, EFT and Hypnotherapy combined with her own experience of creating Financial Independence for herself, to empower women with the mindset and strategies of how to use business and other income producing assets as wealth creation vehicles to multiply income and profits to create time, emotional and financial freedom.  Follow Dominique on  Instagram: www.instagram.com/dominiquemullally FB Page: www.facebook.com/dominiquemullally1/ Visit her website: www.dominiquemullally.com For FREE resources: www.dominiquemullally.com/resources

Millennial Investing - The Investor’s Podcast Network
MI120: Bitcoin and Financial Independence w/ Jim Crider

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Nov 24, 2021 52:56


IN THIS EPISODE, YOU'LL LEARN: 02:33 - What the benefits are of having a financial planner.21:16 - What millennials can do to find the right balance between preparing for your future, while still enjoying the present.27:15 - What financial independence really means.48:02 - Whether millennials should consider Bitcoin as a part of their financial plan.49:24 - Jim's thoughts on how much Bitcoin to allocate in a portfolio.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet a FREE audiobook from Audible.Read the 9 Key Steps to Effective Personal Financial Management.Check out our Investing Starter Packs about business and finance.Learn about our Investing Starter Packs on real estate.Trade Bitcoin with Swan.Listen to Bitcoin Fundamentals hosted by Preston Pysh.Related Episode: Young Investor's Getting Started w/ Kelly Lannan.Related Bitcoin Fundamentals Episode: Bitcoin Common Misconceptions w/ Robert Breedlove.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Make it simple to hire and manage remote employees across all 50 states with Justworks.You can get a complete home security system starting at just over $100. There are no long-term contracts or commitments. It's a really easy way to start feeling a bit more peace of mind. Get 50% off your next order at SimpliSafe.com/MillennialFirst Majestic is offering our listeners an exclusive offer of $15 off per kilogram bar. Hurry because this offer only lasts until the end of December!Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Get the most unique goods every month from small businesses and emerging brands with Bespoke Post's Box of Awesome. Get 20% off your first monthly box with the code MI.Read this episode's transcript and full show notes on our website.Connect with Jim: Website | TwitterConnect with Clay: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Erin Keam's Conversations about Closets with my Closest 1000 friends.
Heidi Holvoet on her mission to help 100,000 women reach financial independence, nuclear physics and recording in a closet.

Erin Keam's Conversations about Closets with my Closest 1000 friends.

Play Episode Listen Later Nov 23, 2021 22:23


Hi I'm Heidi, scientist by trade, business coach by nature, online entrepreneur by passion. I've been in business online for over 15 years and I enjoy few things more than helping fellow woman entrepreneurs to nail & achieve their big bold vision. I also continue nurturing my 'business baby' baby-sleep-advice.com where together with my Dream Team, I help parents and their babies sleep better in truly gentle and effective ways. I fiercely love my family & friends, my dog, wild nature and good food, and my mission to help 100,000 women achieve financial independence. I value honesty, kindness, and true equality and inclusion Find Heidi here: My Business Coaching website: https://www.heidiholvoet.com with Freebie: Pricing Spreadsheet from https://www.heidiholvoet.com/money-making-spreadsheet-1 Connect with me on fb: https://www.facebook.com/heidi.c.l.holvoet My Baby Sleep Advice website: https://www.baby-sleep-advice.com ------ About Erin Keam Erin Keam is a Kiwi living in Seattle who works with women solopreneurs to create their ideal life and achieve their vision. She combines her 23 years' experience mentoring and being mentored in the recovery field with her career in marketing, film, media, TV, advertising, real estate and customer service (and a passion for fashion) to be a trusted source for solutions to what is getting between you and the life you want. She offers two paths to progress. One is her unique LifeStyle Statement sessions, in which women uncover their personal themes which are distilled into a one-of-a-kind Statement which can then be taken to every area of their life from wardrobe to relationships to their business to their career and their home. The other are her “pressure relief” mini-intensives where the focus is on moving closer to your vision through exploring and tackling personal and marketing issues which are keeping you stuck, whether clarifying your website's message to your clients, looking at how you spend your time and money, decluttering (mental and physical), dressing as who you want to be, assessing the first impression your media and home office make on your ideal clients and creating action plans to get you the life you want. When she's not doing this, she's interviewing women entrepreneurs on her podcast Conversations About Closets With My Closet 1000 Friends, about what they do, why and what they love about it, with one or two questions in there about clothing (there's that passion for fashion!). Female-identifying (or non-binary) and want to be a guest? Book here! You can find out more on her website erinkeam.comShe would love to connect with you on Instagram or LinkedIn or Facebook. Hey, Koa Club members! Something getting between you and your goals? Often, all we need is someone to hold space while we talk through what's keeping us stuck and the solution presents itself. Book a Talk it Out Call here with Erin. If you want an action step, she'll suggest one. --- Support this podcast: https://anchor.fm/erin-keam/support

Awaken Your Business
158: How to heal money wounds (for spiritual entrepreneurs)

Awaken Your Business

Play Episode Listen Later Nov 22, 2021 54:05


As spiritual entrepreneurs, there are a few patterns that emerge the most. One of them is our relationship to money. While you follow your heart's calling and give your gifts to the world you may be thinking‘But how do I make money doing that?'‘What if no one listens?'‘What should I be charging?'If at some level you have also felt resistance when it comes to charging money or doubt if you will even make any, you have probably felt your spirit being drawn in by it.But what if these patterns of fear were your soul's guidance to start taking your energy and life force back?Well, what you are about to tune into a bonus coaching session I did for the serving circle members after the weekly collaboration call.What you are going to learn:How to overcome the fear of going brokeHow to take your leap for your highest expansionHow to uncover and shift your money blocks restricting abundanceYes, it's here and in the Serving Circle where you help elevate consciousness through spiritual business success. So, if you are a spiritual entrepreneur and want to collaborate with your soul tribe, I'll see you in there:https://www.facebook.com/groups/theservingcircleInsta: https://www.instagram.com/tysoncoaching/Facebook Profile: https://www.facebook.com/tyson.sharpe.37/

Purpose FULL Women
208 - Investing your Way to financial independence with Walli Miller

Purpose FULL Women

Play Episode Listen Later Nov 22, 2021 11:15


Walli Miller is a financial coach and founder of Financially Thriving Money Coaching. She teaches high-achieving young professionals who feel overwhelmed with their finances. She coaches millennials on how to budget, save, and invest while balancing what they want today.

The Scope of Practice Podcast
Making the Right Real Estate Decisions for Your Practice - Trisha Talbot

The Scope of Practice Podcast

Play Episode Listen Later Nov 22, 2021 45:13


Episode 86 - Trisha Talbot is a real estate advisor who specializes in healthcare real estate investments, advising her clients throughout the sales process with comprehensive strategies on pricing, market fluctuations, and solutions to close the transaction. She helps healthcare providers in making the right real estate decisions for your practice. Together with her team, landlords benefit through stabilizing their property with leasing and then monetizing their asset.  As a leader in the Arizona healthcare brokerage community, Trisha and her team have represented a majority of medical office buildings in the Phoenix Metro area and are recognized for their  production and performance annually.  This is a must-listen who has any future plans to own real estate as part of your medical business. Click here to download your free CME credits for listening to the show! It's time to Residency-Proof Your Marriage!I'm excited to tell you about a new online course I'm launching called “Residency-Proof Your Marriage.”  I've seen way too many couples get divorced or see their relationships go sour during their medical career.  Medical training is an inherently divisive time, so you have to work to combat that!  This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time.  Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage.   Registration for the course is open NOW!  Free Resource: Conference Attendance ChecklistFor today's free resource, I've got a great new guide called the Conference Attendance Checklist. As 2021 winds to a close, a lot of the national medical societies are getting back to live, in-person conferences. If you haven't been to a live conference in a while, you need this guide. Even if you're going to a virtual conference at some point, download this free resource.  Check out the additional free resources available at The Scope of Practice!Business management resourcesPersonal finance resourcesPodcasting resourcesRecommended online coursesRecommended booksMeet Trisha TalbotTrisha Talbot advises physician owners and investors with opportunities in the healthcare real estate asset class. Her track record in investment sales, landlord representation, corporate representation and tenant representation offers clients trusted experience with comprehensive strategies with pricing, market fluctuations and problem solving solutions that result in successfully close transactions. Connect to Trisha TalbotWebsite: www.docproperties.comor email her at ttalbot@docproperties.com

ChooseFI
352 | The DIY Financial Plan

ChooseFI

Play Episode Listen Later Nov 22, 2021 68:49


In this week's episode, Brad and Jonathan are joined by Measure Twice Money's founder Cody Garrett! Together, they discuss important details about DIY financial planning, such as identifying where you do and don't need help with your financial planning, exercising the rational and reasonable approach when financial planning, and ways you can properly prioritize your spending! Also, the trio shares important information you should know before selecting a financial planner. Cody Garrett Website: Measure Twice Money Blog: Measure Twice Money's Blog Resources Mentioned In Today's Conversation Cody's Interview on FA Success Sean Mullaney Annual CFP Roundtable 2017 with Kyle Mast and Danny Kenny | ChooseFI Episode 058 Jorge Soriano - Financial Planning For Good Mike Powers - Manuka Financial XY Planning Network Measure Twice Money's Data Gathering Checklist If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!

WhyFI Matter$
All Things Cryptocurrency (for Teens) ft. CEO of Centric, Joel Clelland

WhyFI Matter$

Play Episode Listen Later Nov 21, 2021 41:56


Happy Thanksgiving!I am super excited to learn more about cryptocurrency from our guest today, Joel Clelland! Joel is the CEO at Centric, which is a digital currency company making strides in the cryptocurrency industry. With over 20 years of extremely diverse career experience, Joel is able to find creative ways to innovate and develop his company.  I'm super excited to learn more about his entrepreneurial journey, improve my understanding of how digital/decentralized currencies work and, in what ways this will impact the GenZ future. To Read the Transcript and for Links in this Episode please visit:https://www.whyfimatters.com/post/all-things-cryptocurrency-for-teens-ft-ceo-of-centric-joel-clelland Support the show (https://www.patreon.com/whyfimatters)

Bitches Get Riches
S3 E7: "I'm finished with the basic shit! What're the advanced financial steps that only rich people know?"

Bitches Get Riches

Play Episode Listen Later Nov 19, 2021 22:39


TODAY'S QUESTION:What do you do when you finally have money for the first time? I don't have consumer debt, I've paid off my student loans, I have an emergency fund, I'm maxing out my 401K... so now what? So many blogs on money stop at this point. But for real, what do "rich" people do with their money once the basics are covered? Is it worth it to have a financial advisor? What percentage of your money should be kept in savings versus investments? What kind of investments are smart? How much should you be giving to nonprofits anyway? What else can you do with money other than save for retirementand invest in the stock market? Should I bethinking about rental properties, partially investing in a business, starting a business, or whatever? How does money make more money? What do you do when you've "made it"? LIKE THIS SHOW AND WANT US TO KEEP DOING IT?Show your love by becoming a patron. We're trying really hard not to do the whole corporate money thing. Disrupt capitalism today!  (https://www.patreon.com/bitchesgetriches)WANT TO ASK A QUESTION?Go to Bitches Get Riches and click "Ask the Bitches." We get too many to answer them all, but donors are guaranteed an answer! (https://www.bitchesgetriches.com)NEED MORE OF THE BITCHES?• Read our dank wisdom nuggs at Bitches Get Riches.• Get new articles delivered to your inbox so you never miss 'em.• Follow us on YouTube, Twitter, Tumblr, Pinterest, and Instagram.• Support the show on Patreon.Support the show (https://www.patreon.com/bitchesgetriches)

First Responders Wealth Network
@MiketheCop - From First Responder to Financial Independence & Helping Our Own Build Wealth Through His 10-7 Project

First Responders Wealth Network

Play Episode Listen Later Nov 19, 2021 23:15


In this episode, Mike Edwards AKA: ‘Mike the Cop' (@mikethecop) joins us in the podcast and shares his journey from his 11 years of service in law enforcement towards taking a huge leap of faith pivoting into real estate, specially by getting his realtor license. Mike also discusses how his Ten-7 project has inspired him into helping 10,000+ cops, firefighters, veterans, and other public safety employees supplement or replace their income, adding more security and resources. Tune in to learn more about what it looks like transitioning from being a first responder to living a life of financial independence. Highlights: [01:39] How and why did Mike start a real estate business? [03:53] Mike's purpose in making the Mike the Cop videos [11:46] What is The Ten-7 Project all about, and how does it help first responders? [17:05] How does Mike's program work, and what does it look like? [21:24] The importance of time frame and the art of closing a deal Link: The ten 7 project.com Mike the Cop Mike the Cop/Facebook Instagram:  @mike_thecop The ten 7 project/bootcamp

Purpose FULL Women
206 - On the Way to Financial Independence with Kylie (aka Frank on FIRE)

Purpose FULL Women

Play Episode Listen Later Nov 18, 2021 11:42


She is an Australian Mum of two boys in her 30's who stumbled onto the FIRE Movement in mid-2019. This movement challenged her and her husband's traditional views on retirement and made them realize that they didn't have to work until they were 65 years old. Since then they have invested 160k in 2 years, and are well on their way to reaching their goal of financial independence. She created the blog Frank on FIRE as a way of documenting and sharing their honest and frank journey to financial independence.

Brown Ambition
Flashback Episode: Bet On Yourself w/Jamila Souffrant

Brown Ambition

Play Episode Listen Later Nov 17, 2021 58:38


Hey BA Fam! Happy Almost-thanksgiving. To show our gratitude this holiday season we're throwing it back to one of our favorite episodes from this year featuring the fabulous Jamila Souffrant from Journey To Launch. It started as a blog initially, chronicling her expedition to reach financial independence. After one year of logging her transformational growth to Financial Independence, the blog piqued the interest of a larger audience which inspired the launch of the podcast of the same name. Jamila talks about: How a breakdown during a 3 hour commute started her journey (5:04) How she was able to leave a 6 figure 9-5 to become an entrepreneur (8:33) Navigating life as an entrepreneur and parent during a pandemic (36:28) And we answer a great listener question about the smartest way to use inheritance money. Check the links below for more: Journey To Launch Jamila Souffrant on IG Learn more about your ad choices. Visit megaphone.fm/adchoices

No Payne No Gain Financial Podcast
Financial Sabotage: Are You The Biggest Foe Of Your Own Financial Independence?, Ep 60

No Payne No Gain Financial Podcast

Play Episode Listen Later Nov 17, 2021 23:29


What's up! It's episode 60 of Payne Points of Wealth! Hard to believe we're 60 episodes in! We've got late nineties stock market fever. Literally, everything is going up right now. We've got a huge melt-up. It's starting to look a lot like the late nineties when those internet stocks were just rocking. We're going to tell you why we think this is a lot like the late nineties. We'll hit on what you have to be careful about because there are bubbles forming, what you need to avoid in your portfolio and inflation. On the tipping point today, we're going to talk about financial sabotage. What are you doing right now that's sabotaging your path to financial independence. You will want to hear this episode if you are interested in... Never seen a market like this [1:43] As good as it gets [5:25] The Tipping Point [9:50] Don't allow your risk tolerance to fluctuate with how well your portfolio performs [12:11] Greed takes over fear [15:15] Hidden Facts of Finance [19:29] Could it get any better for the economy? Profits are extremely strong right now. Look at the third-quarter earnings, it's just been through the roof. Next quarter's earnings are going to be good again too. We've got a hiring frenzy going on. Unemployment's coming down precipitously. We have all these people that have come off unemployment benefits getting back in the workforce and wages are going up. What's better than that. You're getting a raise at work, you have more money to spend and the fed isn't raising rates anytime soon, they're going to keep the party going. This is probably as good as it gets when it comes to the outlook for the economy. This week on the tipping point: Financial sabotage One thing that we've found managing all the accounts that we manage is a lot of times people put themselves in a position of financial sabotage. They make decisions that hurt them on their path to financial independence. So in this episode, we talk about some of the things that we find that people do that you need to avoid so you don't sabotage your financial life.  Don't stalk your portfolio. Investing is hard, it's counterintuitive, when there's good news sometimes the market sells off. If there's bad news, the market goes up. It doesn't seem to make sense. If you're watching every day, checking your portfolio balance every day, it's a recipe for disaster. I can't tell you how many short-term focus investors have failed in the long run because they couldn't handle the pressure. Don't allow your risk tolerance to fluctuate with how well your portfolio performs. The whole idea of diversification is that you're going to have something that's not working. If everything's working at the same time, then everything will also be NOT working at the same time. This week's hidden facts of finance Cryptocurrency, an asset class (if we want to call it that) younger than the iPhone is closing in on $3 trillion in market cap. That's equal to about a quarter of the world's mined gold or the entire money supply of the United Kingdom. That's insane.  The resulting labor crunch has boosted wages and emboldened workers to fight for a better deal. Work stoppages in 2021 have already surpassed last year's 10 and it may be the start of a trend reversal. Work stoppages numbered 145 in 1981 dropping to 5 in 2009, it looks like unions could be back.  Resources & People Mentioned See if you qualify for a complimentary financial review from the Paynes Connect With Ryan, Bob, and Chris http://PayneCM.com  Follow on Twitter Follow on Facebook Follow on LinkedIn Subscribe on YouTube Follow on Instagram Subscribe to Payne Points of Wealth On Apple Podcasts, On Google Podcasts, On Spotify

Risk Parity Radio
Episode 128: Our Monthly RANT Putting The Hammer Down On A Report From The Death Star!

Risk Parity Radio

Play Episode Listen Later Nov 16, 2021 31:06


In this episode we, ahem, "address" a recent attempt by Morningstar to predict the future returns and performance of markets for the next 30-40 years using a bag of crystal balls and their conclusions about safe withdrawal rates.Links:  The Report in Question:  State-of-retirement-income.pdf (morningstar.com)The Data They Should Have Been Using:  Diversification_Landscape_033021v2.pdf (morningstar.com)The Track Record Of These Methodologies According To Morningstar:  Your Forecasts for Stock and Bond Returns  (2011)| MorningstarAnd a nice tax advisor:  The FI Tax Guy (Sean Mullaney)– Tax, Financial Independence, and FunSupport the show (https://www.riskparityradio.com/support)

Real Estate Investing For Women
Syndication Series #3: Fundamentals Of Investing To Achieve Financial Independence With Chris Larsen

Real Estate Investing For Women

Play Episode Listen Later Nov 16, 2021 30:20


Real estate is the best path towards achieving financial independence. Becoming financially independent means having the choice to do what you want with your time. In this episode, Moneeka Sawyer sits down for some great insights into real estate with investor, author and entrepreneur, Chris Larsen of Next Level Income. We hear Chris narrate what got him into real estate, starting from single family to commercial real estate. Chris also shares his investing strategy and how Infinite Banking works, and how to leverage your insurance policy for cashflow. Drop by and listen in as Chris and Moneeka share valuable information for investors to use.Love the show? Subscribe, rate, review, and share! https://blissfulinvestor.com/podcast/

The Scope of Practice Podcast
Don't Compromise on your Marriage - Dr. Alexandra Stockwell

The Scope of Practice Podcast

Play Episode Listen Later Nov 15, 2021 37:55


Episode 85 - Dr. Alexandra Stockwell is a physician and an Intimate Marriage Expert, known as “The Intimacy Doctor,” who specializes in coaching couples to build beautiful, long-lasting, passionate relationships. She is the bestselling author of “Uncompromising Intimacy” and host of The Intimate Marriage Podcast. A wife of 25 years and a mother of 4, Alexandra believes the key to passion and fulfillment, intimacy and success, isn't compromise--it's actions that don't compromise on your marriage. As we get ready for the Marriage and Money, M.D. summit this week, I'm excited to bring you this discussion on how we can honor and serve our spouses better and how that translates to our overall happiness and lifelong success. Click here to download your free CME credits for listening to the show!Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!Medical careers drain time and energy from physicians and their spouses, not to mention the crushing debt most doctors are faced with when they first come out of training. The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today!Meet Alexandra Stockwell, M.D.Alexandra Stockwell, MD, is a physician and an Intimate Marriage Expert, known as “The Intimacy Doctor,” who specializes in coaching couples to build beautiful, long-lasting, passionate relationships.She is the bestselling author of “Uncompromising Intimacy” and host of The Intimate Marriage Podcast.  A wife of 25 years and a mother of 4, Alexandra believes the key to passion and fulfillment, intimacy and success, isn't compromise--it's being unwilling to compromise. Because when both people feel free to be themselves, the relationship becomes juicy, nourishing, and deeply satisfying.Connect to Dr. Alexandra Stockwell Website: alexandrastockwell.comHer Book - Uncompromising IntimacyThe Intimate Marriage Podcast on Apple or SpotifyDr. Stockwell on InstagramDr. Stockwell on Facebook or her Facebook GroupJoin the Business and Personal Finance for Physicians and Dentists Facebook Group!

The Goal Digger Podcast
513: You Don't Have to Be a Millionaire to Find Freedom

The Goal Digger Podcast

Play Episode Listen Later Nov 15, 2021 37:27


If you think you need millions to achieve time, energy, and money freedom right now, then this episode is for you. Jamila Souffrant is a podcaster, writer, money coach and founder of JourneytoLaunch.com where she shares her journey to reach Financial Independence while helping others do the same.  Jamila and I discuss the stages of the financial independence journey, the concept of spending money in a way that feels good (not just budgeting), and the ways you can pursue freedom in your life right now. GOAL DIGGER FB COMMUNITY: https://www.facebook.com/groups/goaldiggerpodcast/ GOAL DIGGER INSTAGRAM: https://www.instagram.com/goaldiggerpodcast/ GOAL DIGGER SHOWNOTES: jennakutcherblog.com/jamila

ChooseFI
351 | Year End Tax Planning 2021

ChooseFI

Play Episode Listen Later Nov 15, 2021 59:24


In this week's episode, Brad and Jonathan are joined by Sean Mullaney to get a jump start on 2021's tax planning season. Together, they discuss managing Backdoor Roth IRAs before the 12/31 deadline, changes to the relevant tax regulations, amended returns, solo 401k's for contractors and entrepreneurs, and so much more! Listen along to see if any of the information shared can be applicable to your own tax planning this season! Sean Mullaney Website: The FI Tax Guy Blog: The FI Tax Guy Blog Twitter: @SeanMoneyandTax Resources Mentioned In Today's Conversation Subscribe to the FI Weekly! The Backdoor Roth IRA and December 31st IRS Instructions for Form 8606 White Coat Investor's Backdoor Roth IRA Tutorial Solo 401ks, SEP IRA's, and the 2021 Stimulus If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here! As always, the discussion is general and educational in nature and does not constitute tax, investment, legal, or financial advice with respect to any particular individual or taxpayer. Please consult your own advisors regarding your own unique situation. Sean Mullaney and ChooseFI Publishing are currently under contract to publish a book authored by Sean Mullaney.

Bitches Get Riches
S3 E6: "I'm going through a long hiring process. Is it a red flag when an employer demands too many interviews?"

Bitches Get Riches

Play Episode Listen Later Nov 11, 2021 24:01


TODAY'S QUESTION:My dream organization recently posted an open position. I knew I had to apply or I'd regret it and to my delight, I've now done a phone interview and a Zoom interview with the supervisor and President of the organization. I haven't heard back yet (it's only been 48 hours since the second interview), but I do know they are doing "multiple rounds" of interviews. So I have at least one more round before they make a decision. My problem is, if I do get to advance to the next interview, I'm not sure how to prepare and what else to say about myself. I'm used to a couple interviews and then a decision being made. What is this third interview all about?LIKE THIS SHOW AND WANT US TO KEEP DOING IT?Show your love by becoming a patron. We're trying really hard not to do the whole corporate money thing. Disrupt capitalism today!  (https://www.patreon.com/bitchesgetriches)WANT TO ASK A QUESTION?Go to Bitches Get Riches and click "Ask the Bitches." We get too many to answer them all, but donors are guaranteed an answer! (https://www.bitchesgetriches.com)NEED MORE OF THE BITCHES?• Read our dank wisdom nuggs at Bitches Get Riches.• Get new articles delivered to your inbox so you never miss 'em.• Follow us on YouTube, Twitter, Tumblr, Pinterest, and Instagram.• Support the show on Patreon.Support the show (https://www.patreon.com/bitchesgetriches)

Avocado Toast Podcast
#55 - FIRE

Avocado Toast Podcast

Play Episode Listen Later Nov 10, 2021 25:02


Have you heard of the FIRE movement? FIRE stands for "Financial Independence, Retire Early". In this episode Eric and Matt dive into the FIRE movement and the various types of FIRE.

The Money with Katie Show
#6: MY ACTUAL FINANCIAL INDEPENDENCE PLAN: The Next 4 Years of My Life

The Money with Katie Show

Play Episode Listen Later Nov 10, 2021 24:58


Today, we're riffing on a few things: How I discovered financial independence, what my life was like then, the progress I've made, and how my goals have shifted since then.Ultimately, we're taking a more thoughtful look at the way we approach financial goals and if – sometimes – we kinda miss the point.

Millennial Success Podcast
#34: How to be Young, Fun, and Financially Free with Leanna Haakons

Millennial Success Podcast

Play Episode Listen Later Nov 10, 2021 33:13


This episode covers the Money category.We're going to talk how to get your foot in the door, best investment vehicles to get started, and the age old question: time in the market vs. timing the market.I'm curious to hear your thoughts and how you will implement the tips provided in the episode! Please leave a review, subscribe, and/or comment your thoughts by reaching out via email at financezilla@gmail.com or Instagram @financezilla! If you're interested in financial coaching or corporate success coaching, feel free to reach out via the above platforms to apply or click this link for a FREE 30 min strategy call so we can work together with you to achieve your goals! If you feel you just need a working formula but don't need hands on assistance, that's fine too. Get the JUMPSTART guides today!The Coldest Water!  - 10% off using code FINANCEZILLAHabits365 apparel - 15% off using code FINANCEZILLATo connect and learn more from Leanna, use the links below:InstagramBlackHawk Financial WebsiteGet the Young, Fun, and Financially Free book today!

So You Want to Start a Business
E176 Angela Ficken psychotherapist has built a worldwide brand Progress Wellness

So You Want to Start a Business

Play Episode Listen Later Nov 8, 2021 43:12


Like many business owners Angela Ficken reached a point where she was burning the candle at both ends. She took the plunge to start private practice … and thought she would “hang out her shingle” and that's all she needed to do. It didn't work out that way and in this episode Angela tells us how she overcame the “hustle of being in business which is a constant grind” She says that she learned very fast that: “Your pay check is as much as you hustle” Angela has built her business Progress Welness into a worldwide brand. She offers online products that take her expertise out into the world for a wide range of clients.  She tells us that creating the brand allowed the creativity side of her personality. In this episode Angela walks us through the process she used to build her brand and the entire suit of online products – so helpful for every business person. Angela Ficken, LICSW is a full-time psychotherapist in private practice. She specializes in OCD, eating disorders, and anxiety-related concerns. She started her career at McLean Hospital, which is one of the top-ranking psychiatric hospitals in the country and affiliated with Harvard University. She was the head social worker on an inpatient unit that focuses on anxiety and depression. During her time at McLean, she trained in exposure therapy and became certified in CBT and DBT. Shortly thereafter, she worked at Harvard University as a primary therapist for undergraduate and graduate students. During her time there, she taught students CBT and DBT skills to help them manage a range of challenging emotions that young adults face daily.   Angela has focused her attention on working with young adults and entrepreneurs primarily after noticing that both groups struggled with anxiety disorders and stress-related issues due to life transitions and the uncertainty of what was coming next in their lives. The struggle, as they say, is "real". She has spent years fine-tuning her practice and building her business into something more than a standard full-time private practice. In this conversation she tells us how she has achieved this - with practical and actionable steps we can all implement. She began writing for Huffington Post as an expert, which then catapulted her into writing for other major online sources which include Marriage.com where she is a verified expert, YourTango.com, ThriveGlobal.com, and has been quoted in Oprah Magazine, and on Fastcompany.com, Inc.com, Forbes.com, MSN.com, Bustle.com, Popsugar.com, Buzzfeed.com, Nylon magazine, Getstigma.com, and Justluxe.com. She has also been a guest on Onward Nation with Stephen Woessner where she talked about OCD and intrusive thoughts, as well as on the radio in Chicago and Reno speaking about stress and anxiety. Through her writing and hearing from her clients how difficult it was finding an understanding therapist—one who could actually teach coping strategies to manage difficult emotions—she decided to create the Worried to Well-Balanced: Practical Skills to Deal With Everyday Stressors: Worried to Well-balanced course to reach more people other than those she could meet within her office. The course is designed to help those who have significant stress in their lives and struggle to find ways of coping and managing their emotions. You can find Angela Ficken and Progress Wellness: Pinterest.com/progresswellnes Facebook.com/progresswellness Instagram.com/progresswellness   You can find me, Ingrid Thompson: website: www.healthynumbers.com.au LinkedIn: linkedin.com/in/ingridthompson   My guess is you are listening to these podcasts because ..... My guess is that you are here because you are a business owner and what you really want - is to build and grow a successful business - whatever that means to you. We know that business owners want to feel more confident when it comes to the money side of business. Having a successful business might mean making business decisions with reliable information - facts & data as well as your "gut feel." …  ultimately you want to do what you do best AND have a successful business AND make a difference. I'm here to help you. Everything I do in my business, every decision I make is based on this question:  Will this make a difference? Will this help you, my listener - will this help you to build your business? will this help you to create your successful, viable and robust business so you can achieve Financial Independence? This is why I do what I do There are 2 ways you can access all my best material: Read my book! It is a Business 101 and can answer pretty much all your business questions. This book is designed to help you build your business - whether you are starting from scratch and creating something new or you have been in business for a couple of years and want to build from your foundations. The book is your step by step guide to building a business smarter and faster. "So You Want to Start a Business" Order your copy now from Booktopia, Amazon or Book Depository It's so exciting to be sharing it with you. If you prefer the kindle Head straight to Amazon Happy reading! AND I regularly run webinars on a range of money related topics: Managing Cash Flow so you never run out of money Understanding where your money goes - getting those expenses sorted out Understanding the Profit First book Pricing - getting it right for your studio The things you need to know before signing a commercial lease How to make more money ... and many other topics If you'd like the replay of any of these recent webinars, please email me ingrid@healthynumbers.com.au and put "Replay" in the subject and let me know which one you'd like to watch. I'll send you the link to the replay   Truly, I'm always keen to hear from you. Please send me an email ingrid@healthynumbers.com.au I personally answer all my own emails

The Scope of Practice Podcast
Turn Your Financial Dream into a Plan - Dr. Jimmy Turner

The Scope of Practice Podcast

Play Episode Listen Later Nov 8, 2021 45:48


Episode 83 - This week's guest is Dr. Jimmy Turner. Dr. Turner is a practicing anesthesiologist. But you might know him better by his online personality, The Physician Philosopher. Dr. Turner has been one of the most popular physician bloggers for several years and has helped thousands of physicians to turn their financial dream into plan.  Dr. Turner was in an ocean of debt just a few years ago, but he climbed out of that hole and is helping others do the same. If this situation sounds familiar to you, it's not a show you will want to miss.  Click here to download your free CME credits for listening to the show! Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!Medical careers drain time and energy from physicians and their spouses, not to mention the crushing debt most doctors are faced with when they first come out of training. The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today! Check out the additional free resources available at The Scope of Practice!Business management resourcesPersonal finance resourcesPodcasting resourcesRecommended online coursesRecommended booksMeet Jimmy Turner, M.D.On the outside, Dr. Turner looked like he had it all together. From his days as the student body president of his medical school to the teaching awards and randomized control trial publications as an attending physician. He even had a successful online business as a podcaster and course creator.But, on the inside, he was miserable. He constantly felt stuck. Burned out and overwhelmed, he kept looking for the next accomplishment or achievement to make him happy.Dr. Turner didn't realize until much later that there is a name for this. It is called an Arrival Fallacy – The idea that the “next thing” would be what finally makes him happy. He felt trapped in a life he didn't want. It was through mastering his mindset and his financial situation that he was finally able to live his life on his terms. Now, through coaching for physicians, Dr. Turner helps other doctors find the freedom he has found by helping them master their mindset, their money, and their balance. Connect to Dr. Jimmy Tuner Website: www.thephysicianphilosopher.comAlpha Coaching Experience: https://thephysicianphilosopher.com/coaching/

Where Are All My Friends
122: Joe DiSanto | Personal Finance 101

Where Are All My Friends

Play Episode Listen Later Nov 8, 2021 48:51


Joe DiSanto joins this week to talk "Personal Finance 101". In this episode we cover how to start tracking your own personal finances and how to level up and get a basic understanding of the entire subject. His website www.playlouder.com is all about investing, personal finance, and retirement that does a great job explaining all sorts of technical details on all of these topics. If you like the podcast and want to learn more, definitely go check out his site. There's a ton of useful free knowledge there. And if you want to do us a massive favor, share this episode with a friend who would also like it! Timestamps: 0:00 - Intro 3:00 - A quick rundown of personal finance 5:00 - Starting a production company in LA (Therapy Studios) 10:00 - Learning to manage business finances from the foundation of personal finance 12:45 - The basics of finance 13:30 - When should you start tracking your finances? 16:45 - Losing money every year by not investing 18:00 - Tracking, Saving, Investing, and ultimately achieving financial independence 23:40 - What platform should you use to track your finance? 26:30 - The “Three Pillars to Financial Independence” 32:30 - Tips on paying off debt / Good debt vs. bad debt 35:00 - What percentage should you target to save? 36:30 - Where should someone start to build a solid foundation to understanding personal finance? 42:15 - Where can everyone find you and additional resources? 43:30 - Plan out your life. Set your goals. Joe DiSanto: YouTube: https://www.youtube.com/c/PlayLouder Website: https://www.playlouder.com Andrew Cramb: Instagram: https://www.instagram.com/andrew_ftw Produced & Edited by - Deanna Elise: Instagram: https://www.instagram.com/deannaelxse Where Are All My Friends Podcast: Bonus Patreon Content: https://www.patreon.com/whereareallmyfriends

ChooseFI
350 | Runaway Winners and the Balanced Portfolio

ChooseFI

Play Episode Listen Later Nov 8, 2021 41:49


With volatile assets like Tesla stock, Ethereum, and Bitcoin, how do you keep a level head while investing? In this week's episode, Brad and Jonathan are joined by friend of the show Brian Feroldi to discuss managing your runaway winner investments and balancing your portfolio! Listen along as Brian shares his strategies for evaluating stocks, creating guidelines for yourself as an investor, and mentally preparing yourself for the highs and lows of investing! Resources Mentioned In Today's Conversation Brian's Anti-Fragile Checklist! Subscribe to ChooseFI's Weekly Newsletter! If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!

WhyFI Matter$
Your Guide to Non-Fungible Tokens (NFT's) and Crypto ft. Teenage Serial Entrepreneur, Benjamin Wong

WhyFI Matter$

Play Episode Listen Later Nov 7, 2021 44:29


 I'm super excited to introduce you all to teen entrepreneur and fellow podcaster, Benjamin Wong.  Ben has been featured on many media sites such as ABC and NBC, because of his various entrepreneurial endeavors. Ben is the host of YoungTrep with Benjamin Wong,co-founder of Rich Kids Global and the founder of Kids CEO media. With all of these amazing ventures and podcasts he's created, Ben strives to foster his entrepreneurial spirit. I am stoked to learn more about non-fungible tokens (NFT's) NFT's  from a teen; I personally don't know much about them. What I got out of our conversation is that NFT's are the future! To Read the Transcript and Links for this Episode:https://www.whyfimatters.com/post/benjamin-wongSupport the show (https://www.patreon.com/whyfimatters)

Broke Millennial Finance Podcast
Ep 63 - What is LeanFIRE? How To Achieve Financial Independence

Broke Millennial Finance Podcast

Play Episode Listen Later Nov 7, 2021 11:48


In this episode, we talk about What is LeanFIRE? How To Achieve Financial Independence Help support us by joining our Patreon! (https://www.patreon.com/BrokeMillennialFinance) Check out our website for more content: (https://brokemillennialfinance.net)  Subscribe To Our YouTube Channel: (https://www.youtube.com/c/brokemillennialfinance) Here are the referral links for you to join to get your free stocks: Webull: (https://act.webull.com/i/QNmo8WB8Yzc2/ufl/) Robinhood: (https://join.robinhood.com/naveras-a23246) Coinbase: (http://coinbase.com/join/khan_st?src=ios-link)   Want to reach out to us? Email us at contact@brokemillennialfinance.net

The Scope of Practice Podcast
Sunday Special 18 - Build your career from a place of strength, not desperation - Dr. Chiagozie Fawole

The Scope of Practice Podcast

Play Episode Listen Later Nov 7, 2021 45:50


Sunday Special 18 - My guest today is Dr. Chiagozie Fawole.  You know, medicine is undergoing some changes.  There are a lot of physicians feeling burned out, unappreciated, and not in control.  You may feel like you're coming from a place of desperation.  Desperate to be heard.  Desperate to have autonomy, desperate to practice medicine on your own terms, desperate to be in a position of financial security, desperate to have the family life that you want. A lot of physicians don't realize that their experiences, strengths and even network, can be the answer to their own prayers and those of others. That's why I'm so excited to have Dr. Fawole on the podcast today.  She's going to talk to us about her personal experiences and how what she's learned can help you be the physician God has called you to be as well as some tips for how to become financially empowered and defeat burnout.Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!Medical careers drain time and energy from physicians and their spouses, not to mention the crushing debt most doctors are faced with when they first come out of training. The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today!Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day.  It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know!  Guest authors get full attribution and promotion for their business, blog, or podcast.  Email me at info@thescopeofpractice.com.Meet Dr. Chiagozie FawoleWhen she's not putting babies to sleep at home and at work, Dr. Chiagozie Fawole is a Real Estate entrepreneur.  She got her first two deals done during residency, including a syndication of a 12-unit apartment complex deal. Having built a portfolio of traditional rental units in a few years, she now amplifies cash flow by turning properties she does not own into short term rentals.On her SavvyDocs in Real Estate platform, she helps physicians get started generating meaningful income from Real Estate. As a believer, she is passionate about seeing physicians operate in their full potential, like people empowered by the King of Kings! She is based in the suburbs of Syracuse, NY, where she lives with her husband and three girls.Connect to Dr. Chiagozie FawoleYou can join her Free facebook group, and get the recent Short Term Revolution Conference Recordings here: www.savvydoctors.co

The HyperFast Agent Podcast
Chris Larsen's Path to Financial Independence Through Real Estate Investing

The HyperFast Agent Podcast

Play Episode Listen Later Nov 5, 2021 35:10


If you had financial independence and knew you could just step away from the daily grind right now... would you? In this episode of the HyperFast Agent Podcast, Chris Larsen—founder and Managing Partner of Next-Level Income—recounts the story of how he worked toward financial independence and ultimately left his six-figure job in the medical device industry. Chris has been investing in and managing real estate for more than two decades. Listen as Chris and Host Dan Lesniak discuss…   ‣ How Chris reverse engineered financial independence and the first steps he took toward that goal years ago ‣ The story of Chris's very first real estate deal ‣ Why Chris now prefers larger commercial deals and self-storage projects instead of single family homes   ...and more! Don't miss this chance to hear two high-powered real estate investors talk shop.   QUOTES TO SHARE:  

Wealthyesque: Mindset Strategies and Personal Finance Tips for Lawyers Seeking Financial Independence and Lifestyle Freedom

Achieving your money goals requires being intentional with your money, which starts with your budget. Your budget is simply your plan for how you'll use your money each month. In this episode, learn why lawyers need a budget, different budgeting styles, and tips for getting started with your budget. Head to https://www.rhothomas.com/72 for the full episode show notes.  This episode is the first in a series of replays of my best episodes on budgeting and spending in preparation for my live budgeting workshop, Foundation of Wealth, happening on November 27, 2021. Get all the details at https://www.rhothomas.com/foundation.

Bitches Get Riches
S3 E5: “I really hate one of my tasks at work. Is there a way to escape it without quitting my job?”

Bitches Get Riches

Play Episode Listen Later Nov 4, 2021 19:27


TODAY'S QUESTION:I'm a project manager for a dumpster fire of a project. Our contract is only $70K but they give our company $50M of work, so we're stuck with them. We are almost done with a "Phase 1" of our project and will soon be starting a "Phase 2." I legit don't have time with my other work to continue to be PM for this client, but I also just don't want to. Should I try to get out of being the PM and take whatever "hit" by "quitting" this client, or should I figure out how to stick it out (at the cost of my own mental health tbh)?LIKE THIS SHOW AND WANT US TO KEEP DOING IT?Show your love by becoming a patron. We're trying really hard not to do the whole corporate money thing. Disrupt capitalism today!  (https://www.patreon.com/bitchesgetriches)WANT TO ASK A QUESTION?Go to Bitches Get Riches and click "Ask the Bitches." We get too many to answer them all, but donors are guaranteed an answer! (https://www.bitchesgetriches.com)NEED MORE OF THE BITCHES?• Read our dank wisdom nuggs at Bitches Get Riches.• Get new articles delivered to your inbox so you never miss 'em.• Follow us on YouTube, Twitter, Tumblr, Pinterest, and Instagram.• Support the show on Patreon.Support the show (https://www.patreon.com/bitchesgetriches)

Your Financial Pharmacist
YFP 228: Why This New Practitioner Decided to Start His Own Business

Your Financial Pharmacist

Play Episode Listen Later Nov 4, 2021 41:01


Entrepreneur and pharmacist, Chris Cozzolino, talks about his journey building several businesses as a recent graduate.  Key Points From This Episode Chris shares what drew him into the profession, and the freedom of remote working.  Reflecting on Chris's non-traditional career path, and building something impactful. How social media is a fascinating concept of reaching so many people at once.  How making money in a video game as a teenager galvanized his entrepreneurial spirit. Discussing the big barriers to starting a business, like upfront capital and inventory holding times.  Optimization through combining drop shipping and retail arbitrage. Chris outlines the challenges and opportunities of not working on your platform.  Having the best of both worlds by making the brand bigger than the platform.  Diversifying across platforms to build community and then converting that traffic. How Uptown Creation was founded, and key pivots in their journey. Learning the Instagram algorithm and their specific social media marketing tactics. Chris shares about his pivot to LinkedIn and what the clients and services entail.  Building authentic relationships and a trustworthy reputation.  Why creating content is still really new for the healthcare sector.  Where Chris sees Uptown Creation heading in the next few years. The concept of developing your craft, and always being able to be close to the ground. Always keeping your endpoint in mind. Links Mentioned in Today's Episode Connect with Chris Cozzolino on LinkedIn Register for the Free Webinar: How to Pursue FIRE as a Pharmacist on November 10 at 8:30 PM ET FIRE Rx: The Pharmacist's Guide to Financial Independence by Jeff Keimer, PharmD Create a Comprehensive Estate Plan with Thoughtful Wills The War of Art: Break Through the Blocks and Win Your Inner Creative Battles by Steven Pressfield Turning Pro: Tap Your Inner Power and Create Your Life's Work by Steven Pressfield Your Financial Pharmacist Uptown Creation Smart Passive Income Podcast with Pat Flynn ZDoggMD Gain Traction on LinkedIn: Chris Cozzolino, PharmD, co-founder Uptown Creation The Uptown Update Newsletter Gary Vaynerchuk Email Chris Cozzolino: chris@uptowncreation.com Your Financial Pharmacist Disclaimer and Disclosures

Rebel Entrepreneur with Alan Donegan
Financial Independence and Entrepreneurship with Mr. Money Mustache

Rebel Entrepreneur with Alan Donegan

Play Episode Listen Later Nov 4, 2021 54:18


Mr. Money Mustache gate crashes the coaching series and we talk Financial Independence, Entrepreneurship, and minimalistic fitness. Join as Andrew asks how to tell your family you are into FI, if Mr. Money Mustache does calisthenics, and how to balance entrepreneurship and the job that provides a pay check. Join us for a VERY special episode of the coaching series.

LifePix Relationships
224: How To Become Financially Independent with Chris and Kim Mamula

LifePix Relationships

Play Episode Listen Later Nov 3, 2021 39:27


Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. In this episode we sit down with Chris and his wife Kim to learn how to become financially independent and what that will do for you marriage. First we start off with paying off all debt - kay you know that was coming. What comes next? It's about living on one salary and saving / investing the other one. Yes, it may mean a less fancy car but it also means you can retire earlier. After poor experiences with the financial industry early in his professional life, Chris educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design at Can I Retire Yet? Chris has been featured on MarketWatch, Morningstar, U.S. News & World Report, and Business Insider. He is also the primary author of the book Choose FI: Your Blueprint to Financial Independence. Connect with Chris: Website: https://www.caniretireyet.com/ Book: https://www.caniretireyet.com/product-choose-fi-book/ Twitter: https://twitter.com/caniretire_yet Connect with ST: LifePixUniversity.com

The Remote Real Estate Investor
How to achieve financial independence to retire early with Diania Merriam

The Remote Real Estate Investor

Play Episode Listen Later Nov 3, 2021 36:29


Diania Merriam is the founder of the EconoMe Conference, a financial independence conference, and the host of the Optimal Finance Daily podcast. At the age of 28, Diania climbed out of $30K of debt in 11 months to begin her journey to financial independence.  In this episode, Diania shares about what it took to reach debt freedom and how she is powering her path to retiring early. This episode is loaded with actionable insights for you to get your finances in order and start building real wealth. --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum. And today with me, I have Diania Merriam, who's going to be talking to us today about the economy conference that she is the founder of as well as some financial independence tips that she has learned along her life's journey. So without further ado, let's get into it.   Diana, thank you so much for taking the time to come talk personal finance with me today. I really appreciate it.   Thanks for having me.   Michael: No, my pleasure. So you are the founder of a really cool conference called economy.   Diania: Yeah.   Michael: Tell us a little bit about what that is. Because I know it's coming up here in like 30 days, right?   Diania: Yes, we are exactly a month away at the time of this recording. But essentially, economy, the easiest way to describe it is it's like the TED talks of the fire movement. And you guys can't see me. But I'm doing air quotes over here, because we're not associated with TED talks, which is like the easiest way to explain what it is. So we have amazing mainstage speakers that talk about financial independence from a lot of different angles, whether it be really tactical information, or just more inspiring stories. And then we also do a number of breakout sessions to kind of connect you with like minded people. Because as you know, money is such a taboo topic, right? And we don't often get the opportunity to surround ourselves with people that are comfortable talking about this stuff.   So one of the things I like to say about pursuing financial independence is like what's the point of being FI and retiring early if you have no one to hang out with? Right, here's your opportunity to meet your people to meet your tribe.   Michael: Your playmates yeah.   Diania: Exactly. So we've got all these breakout sessions, we do an after party, we do a lot of social activities on the last day of the event. So it's really just an amazing weekend, someone last year describes it as a party about money, which is exactly the vibe I was going for.   It's really, the point of it is inspiration and community around a topic that is so you know, influential for us all?   Michael: Oh, that's awesome. And is I know, this year, it's out in Cincinnati. Is it always in Cincinnati? Or does the location move every year?   Diania: Yes. So we're actually in our second year, because I had the brilliant idea of launching an event based business in the middle of a pandemic.   Actually, our first event was March 7 of 2020. It was one week before everything shut down due to COVID. But I had been planning the event for 20 months. This was like something I could have never anticipated that I would have to navigate. So yeah, we got really lucky on our first event. And this is actually going to be our second and yes, it's at the same venue, which is the University of Cincinnati.   Michael: Awesome, awesome, awesome. So I've got kind of a question for you. And I'm curious, why did you think you were qualified to host and found a conference talking about money? What's your story? Like?   Diania: Yeah, like who the hell do I think I am? I mean, as far as qualifications? Um, that's a great question. I think that I was just someone with a really ambitious idea. That's probably crazy. Most people told me I was crazy. When I when I first came up with this idea, but the reason why I wanted to do this is because figuring out my financial situation completely changed my life. So my background is that, you know, my 20s, I was very focused on my career, living in New York City. I got to my late 20s, about 28. I decided I should probably look at my money situation, like what's going on here, right. And I ran a credit report on myself and realize that I was 30 grand in debt for like no good reason. It was simply living outside my means.   And half of that debt was student loan debt, which doesn't sound too bad until you consider that I got a full academic scholarship to college. Like, the fact that I had any student loan debt is just ridiculous. It still blows my mind. But when you're at that age, and you're completely financially illiterate, you know, someone offers you loans, and you don't really…   Michael: Oh look free money!   Diania: I mean, you Yeah, you just, it's just what you do, right? No one like advised me that maybe that wasn't a great idea. So I found myself in this situation where I'm 30 grand in debt in my late 20s. My 30th birthday is looming. I think it's one of those really reflective birthdays for like, what am I doing with my life?   Michael: Yep, right.   So I came across this article that was sent to me by a friend from Mister Money Mustache. I'm sure you know that blog, right?   Michael: Know him very well, yeah.   Diania: Yes, one of the most popular probably the most popular blogger in the fire movement, which I keep throwing around this word fire. I want to make sure everyone's on the same page stands for financial independence retire early. Right, To me it's a it's a lifestyle movement with a goal of financial freedom. But a lot of people look at it as like a bunch of frugal weirdos and we're all in a cult.   Diania: It's not   Michael: Chanting about money.   Diania: Yeah, exactly. So I discovered Mister Money Mustache. And I like to say that I think the article was something about like, viewing your debt as an emergency. And I like to describe finding that blog as a refreshing punch in the face, because I had never heard anyone talk about money the way that he did. And I just devoured that blog with a spoon. I read like every single article, I got a little obsessive over it.   But it really inspired this very deep mindset shift within me. And I did a complete 180 I got out of that 30 grand of debt and 11 months. And from there, I started saving about 60% of my income. And it completely changed my life. It opened up so many options. That just didn't seem possible for me like that, it allowed me to dream bigger, you know. So one of the things that motivated me to even want to get out of debt is I had this goal to go walk the Camino de Santiago, which is a 500 mile trek across Spain. It just seemed like this ridiculous life adventure that felt so outside my comfort zone. But it's what I wanted to do for my 30th birthday.   So getting out that was kind of a motivator for me to get out of debt. And then when I got back from that trip, so that was in 2017.   Michael: Wait, timeout. So you did it?   Diania: I did it. Yes.   Michael: So when I got back, you just glossed over it! Oh, that's incredible.   Diania: Yeah, it took me 38 days, and it was a wild adventure. absolutely wild. Yeah, I walked with anywhere between 10 to 20 miles a day, with like, 20 pounds on my back, I met incredible people. That's actually I have an arrow tattoo on my wrist,   Michael: Okay.   Diania: And it's because the whole way is marked by arrows. They're like spray painted on trees, or like, carved into these stones. And so every time I would see an arrow, it'd be like a very comforting symbol that I like, wasn't lost.   Michael: Still on the right path.   Diania: So yeah, yeah. So um, when I got to Santiago, which for many people is the finish line, I ended up getting this tattoo. But yeah, that's something that I would have never dreamed would be possible, given my financial situation in my late 20s. And, you know, a lot of the people that I met on the trail were in their 60s or they were at traditional retirement age, they had to like wait to be able to do that. So it just getting my money in order opened up this incredible option.   And I just feel like my getting my finances in order almost allowed me to ask bigger questions like, What do I want to do with my time? What do I want to create? What kind of people do I want to surround myself with? And so getting out of debt was a big milestone in that regard. Walking the Camino was a big milestone. I negotiated a remote working arrangement with my employer. So I moved from New York City to Cincinnati, which people are like, what, why? Why would you do that?   But I will tell you that Cincinnati has everything that you would want out of a big city with like none of the downsides. And the cost of living, you just can't beat it. I mean, I really am marketing Cincinnati as the number one city to pursue financial independence. And a couple things we're doing actually at the economy conference in that regard, like our coffee vendor as a local vendor.   We're doing an urban hike on Sunday morning of the event, a three hour urban hike to show off how amazing Cincinnati is. And then with Roofstock, we are doing a chartered real estate bus tour. It's a two hour tour where we're going to drive you around the amazing neighborhoods in Cincinnati that are really good investments. And we have an expert that owns 42 doors here. He's flipped three dozen houses, and he's going to do some case studies on his best properties.   So if you are interested in low cost of living in an amazing city, you've got to come out to Cincinnati and I feel like I have the authority to say that because I came from New York City that's usually whatever where everyone wants to go.   Michael: Yes.   Diania: Now come to Cincinnati.   Michael: I love it. And I'm gonna second that call to action to get out to Cincinnati. I do a lot of investing out in Cincinnati and across the river in Covington, Kentucky, and I went out to visit a property and I happen to be there actually around this time a little bit later in October and found myself and I think the second largest Beer Fest or Oktoberfest, rather outside of Munich, Germany, and just had an absolute bombing, the food scene. I think they've got the most micro breweries like per capita of maybe any city. Tons of coffee places, Coffee Roasters popping up, it is just a very, very cool city for no one who, for people who haven't been before, so totally love it. Love it. Love it.   Diania: Yeah. Yeah. So, you know, being out here getting back from the Camino, you know, I adopted dog, I buy a house, I find myself a Midwestern gentleman, you know, life is good. Yeah. But I was still kind of asking myself these big questions like, What do I want to do with my time. And so at this point, I'm saving 60% of my income, I'm still, you know, fully employed with the same company that I had worked for nine years in New York City. And I had this idea that you know, what I was asking myself, what would I want to do with my time if I no longer had to work for money?   And I decided I wanted to create this party about money. And a big reason for that is because I had been going to different events, and exposing myself to people that were very, like, growth oriented, their life seems so expansive, and it really helped me broaden my perspective on what's possible in my own life. So for example, one of my favorite events is called World Domination Summit. I know that sounds insane, like who produces that, pinky in the brain?   Michael: Pinky and the brain, yeah, exactly.   Diania: But this event, I mean, as someone as frugal as me, you know, I got out of 30 grand of debt and 11 months, I really brought down my spending in order to do that this event is $700 A ticket. And I will tell you, it is worth every single penny. Because the people that you meet there are just incredible, and they're doing such amazing things. And every time I would leave, I would feel like my life is so full of possibility. I also had gone to events like Camp FI, or Camp Mustache, sense positive. These are kind of rooted in the financial independence community. And it's a way for people to spend a weekend together with like minded people.   Now, I saw an opportunity to create kind of a large scale event. So like Camp FI, Camp Mustache, usually around 60 people for like a weekend at a retreat center. Right? I wanted to do something more like World Domination Summit that's a little bit more grand. It's more of a production. You know, it's more of a show. It has a really strong entertainment element to it. And so I modeled my event really after World Domination Summit, but I brought that price tag way down. I'm actually doing it for $200 A ticket, but it is definitely worth $700 A ticket. I'm not charging enough.   But yeah, it's funny, because this event was supposed to be my early retirement project when I reached FI at 40 years old, but I just got so excited about it. I couldn't wait. I had to do it now. And I'm really glad that I did. Because it's been quite the adventure.   Michael: Oh my god, what a cool story. And next time someone asks, don't gloss over the fact that you hiked 500 miles. That's an amazing feat, among many others. You just mentioned that is so cool. That is so cool.   So I,   Diania: Well thanks so much.   Michael: No, of course, of course, what I'd love to do is kind of get into the meat and potatoes, if you will, of financial independence and just kind of getting your finances or so I think your story where you found yourself in your late 20s is so common for so many people, they don't realize what student loans are, how the payback works, how debt works, how finances work. So what did you do? Other than change your mindset, like brass tacks, what did you do on a daily, weekly, monthly basis? And you were able to pay off 30,000 in debt in 11 months? Because that's that's something no small feat.   Diania: Yeah, I would say big lifestyle changes, right. So when I looked at where I was spending money, then I would say the first thing I did was increase my awareness around my situation, honestly, because a lot of us are just swiping the credit card, we're not paying attention of where our money is going. So I started tracking every single dollar I spent. And I saw that I was spending a ton of money eating out, you know, going out for happy hour. I mean, let's be honest, I had my 20s in New York City, you know, like I was a party animal.   And I think what I obviously like I was very social creature, I mean that's kind of another reason why I'm into these in person events. I'm a very social person, very extroverted. So I was spending so much money going out. And so what I ended up doing, and I think this is really important, when you think about decreasing your expenses, a lot of people look at that as deprivation, they look they think of it as I can't go out anymore. And I saw it as an opportunity to be resourceful and creative, and really to get to the root of what are my values and how do I align my spending with my values in a more efficient way.   So the value for me was spending time with other people, I don't need to remove that from my life, let me just do that a little bit more efficiently. So I started like hosting these elaborate dinner parties in my apartment, where I would like makeup games, I made my apartment more fun than a bar, everybody else would bring the booze, I would cook the food. And you know, I'd always have themes like, I just, I think back on that time, and it was so wild. Like I would tell people, you know, bring a photo from your awkward phase. And then we'd like all pass around these photos around and like make fun of each other or like   Michael: That's so good   Diania: The night was like, was like tonight's the evening of compliments. And it was like a game of who can give the most compliments to other people at the table. And we would like, we would like keep score. I mean, it was just silly, but it scratched my itch for human connection in a really resourceful way. Another thing I did was, you know, rather than buying clothing, I would host these clothing exchanges, all of my more fashionable friends would clean out their closets, I would do like a clothing swap, while sipping mimosas and listening to music in my apartment on a Sunday afternoon, you know, I started to see my, my frugal behaviors is actually far superior than the convenience of swiping a card because I not only got my needs met, but I also got to be creative in the process.   And so I kind of feel like if you're reducing your expenses, and it feels like deprivation, I think that you're not being creative enough about it, I think it can be a really fun thing. And I also think the other piece of it is really understanding that that hedonic treadmill, we're all on when it comes to consumerism, right? We all want, you know, the new shoes and the fancy car and the nice stuff. And I think that I had to really grow a new sense of gratitude for what I have. Now.   If you develop a deep appreciation for what you have now, you're almost combating that desire for more. Right, I think you're combating your consumerist conditioning. And I started to see things that I used to think were a burden, I would just laugh them off as a first world problem. So for example, we all know, the big three, right? And personal finance, when you're reducing your expenses, you want to reduce your housing, transportation and food, those are the things that people spend the most money on. And so I was locked into a lease, you know, or, you know, with my apartment, so I couldn't really do anything about that transportation. I didn't have a car, I was using public transportation. And I had, like, commuter benefits through my job. So I feel like I was optimized there.   But when it came to food, I could I could really have a huge effect there. So I started cooking every meal that I ate. I was bringing lunch every single day making, you know, gourmet breakfast, of like omelets with goat cheese and smoked salmon. I mean, I was eating very well, I'm not talking rice and beans. But for most people, when I would tell them I'm cooking, every meal I am eating, they look at that as such a burden.   And it's like, actually, no, I should be celebrating the fact that I have access to a grocery store that I can get any ingredient I want at any time at that grocery store, right? Like, we are so fortunate and I think if we can shift our mindset and be grateful for how fortunate we are, we're combating that desire for that consumerist convenience. Another thing that really struck me when I was reading Mister Money Mustache is he says that luxury is a weakness. And that really helped me shift my mindset because I realized if I can be happy on very minimal amount of money, that's like a superpower. Right? And I wanted to learn that skill before something externally happened.   So I think self imposed restriction, it has the opportunity to lead to a lot of personal development, when it's externally imposed by a job loss, or like a health scare. I didn't want to try to learn it under those conditions, I think it would have been a lot less fun, you know. And so I think it was really empowering for me to just learn to live on less and enjoy it. I mean, I spent a lot more time reading books from the library and working out and journaling. And I stopped wearing makeup for a long time and got comfortable with my with what my face looks like. I mean, you know, these are all things that you can look at it as deprivation or you can see it as incredible opportunity to grow.   Michael: That's incredible. Total side note. Do you know Wim Hof?   Diania: Yeah.   Michael: Are you a big Wim Hof fan?   Diania: Oh, What a weirdo. Yeah, that guy. My boyfriend does his breathing every morning. It's really obnoxious.   Michael: Oh, that's awesome.   Diania: Yeah, here I'm like huffing and puffing in the living room this morning. So my wife is a huge fan. And I've come on board to the cold plunge thing I totally buy into, but he talks about forcing yourself to be uncomfortable and putting yourself in uncomfortable situations. So when life throws something that you, you can handle it. And that totally sounded very similar to what you're talking about of, hey, do it for yourself. So that way, when life throws you a curveball, you're more than ready.   Diania: Absolutely.   Michael: No, I love that. I love that. But you also did. I mean, you also uprooted your life and move that in New York and to Cincinnati. So yeah, I mean, you said that you were locked into this lease, but it doesn't sound like you renewed that lease, or you stayed in New York much longer after having this revelation.   Diania: Yeah. And, you know, when I was in New York, for about 10 years, I had to move almost every year. I think the longest I stayed in a place was like a year and a half, maybe two years. But it's, you know, you're constantly changing roommates, because no one can afford to live alone. And then the rents will go up like $100 every year. So you're really forced, I was forced even deeper and deeper into the bowels of Brooklyn, you know, and then I ended up, I ended up getting this. The last place I lived. I did live there for two years is the first time I've ever lived alone as an adult.   It was in Sunset Park and I was paying $1,800 a month for this like cockroach infested apartment. That was just Yeah. So when I was making the decision to go walk the Camino and 2017 My I did the Camino in the fall, my lease was up in May of that year. So my landlord wasn't going to let me sublet for those two months. So I knew I was going to have to leave anyway, and find a different situation. And so it was like if I'm gonna move again. And I'm in this situation where I've got no man, no kids, no debt. Let me just go, like, put my big girl pants on and move to the Midwest and try something different, you know?   Michael: Yeah totally.   Diania: Just, I was always intimidated by the idea of like uprooting my life and starting over in a new city. But I had the benefit of I had a really close friend in Cincinnati, who I visited a few times. And so I got the sense of the area. And she was my only connection to Cincinnati isn't like I grew up here. I grew up in New Jersey. I had no other friends or family or anything besides her. And that was really helpful, though, because she was another very social person. So she just dumped me into her friend circle. Oh, and that's kind of how I got going here. Yeah, yeah.   Michael: That's great. That's great. And so now that you are kind of on the other side of the wall, or standing on top of the wall or the mountain, what advice do you have for people? I mean, in addition to the wealth of knowledge you've already shared, what do you what do you see looking forward? And what can you share with people?   Diania: Yeah, um, I would say when you're first starting out, like I'm helping a friend right now who's really deep in debt, who is just starting from scratch, trying to clean up her finances. And when I sit with her in our meetings, it's like, she's just so overcome with shame, and fear. And she's like sweating, as we're talking about this stuff. And I encourage her as well as anyone else in that situation, let your curiosity be bigger than your fear.   Because when it comes to money, it really is all figureoutable. But you have to have the mindset that it's fixable in order for you to be able to kind of face the music and like look at the reality of your situation, so that you can come up with a plan to dig out of it. It's totally possible. But it really all starts with your belief system. So there's a lot of people where I'll tell my story, and they'll say, Well, you could do that. But here are all the reasons why I can't do that.   Michael: Why I can't, right. Yeah.   Diania: And and I think if that's your initial reaction, that's your first thing that you got to tackle. I think you've got to change your belief system to recognize that it is possible and start to get curious about how it could be possible versus just immediately dismissing it. I think that's good advice for when you're first starting out. I think as you move through your financial journey, and you start hitting milestones, like for me, I hit debt freedom. Amazing. Then I had a fully funded emergency fund. Awesome. Then I started fully funding my retirement vehicles to the point where I reached Coast FI, which for those who aren't familiar Coast FI means that I have invested enough in my retirement vehicles that in 30 years because I'm 34 right now, it will grow to what I need for traditional retirement. So in essence, I don't really have to save for traditional retirement anymore. If I didn't care about early retirement and I can kind of take my foot off the gas a little bit because I've hit those certain milestones.   And then, you know, saving to a place where I got my first side hustle so I started hosting this podcast called optimal finance daily, which is a daily show, 10 minutes or less, I'm reading you articles about personal finance. So I like to say that all these amazing personal finance bloggers wrote these great songs, and I get to perform the covers, you know.   Michael: That's great.   Diania: It's, it's a show that's been around for five years, and they were looking for a new host, and I just went for it. And so this is kind of my first, you know, little side hustle income.   So, I would say though, as I've progressed through these milestones, my trajectory and goals for the future have definitely shifted. So I would say, like, be flexible about financial goals, because when I first started this, I thought, What I wanted was to just reach financial independence and retire early. And then as I've gone along through the years, and it's only been, what, six years that I've been on this journey, my desires and goals kind of keep shifting and changing, because the, it's almost like, the universe presents you with opportunities along the way.   And so if you're so laser focused on just reaching financial independence, you may miss out on these opportunities to learn about yourself and learn about what do you want to do with your time? What do you want to create in the world? And who do you want to spend that time with those three questions to me, has become kind of the focus on my path to FI. It's not like I gave up on my goal. But I just I've kind of, I'm not so laser focused on the money piece of it. Because I've realized that money is only as valuable as your clarity on how you're going to use it, and your comfort level with how much is enough.   So if you don't have clarity and comfort around your money, yeah, if you don't have those two pieces, you could be a multimillionaire and still be miserable. Right? I don't want to reach that point. I want to use my financial bandwidth to kind of explore those two things along the way. I also love this quote from Ayn Rand who wrote like The Fountainhead, and she says, money is only a tool, it will take you wherever you want to go. But it won't replace you as the driver.   And I just think for so many of us, we look at money as the goal versus as the tool to use to reach our goals. And that's something that I had to learn in in for myself, because I had always just kind of had money as the goal once I discovered the fire movement.   Michael: Yep. Yeah, no, I'm right there with you. And I always said, I'll figure it out when I get there. But then I realized, oh, there's too many other things to figure out along the way, that having money be the tool is a much better way to go.   Diania: Absolutely. If you're miserable on your path to FI you're likely going to be miserable when you reach FI   Michael: Yeah. Yeah, I think that's so well said. So well said. And so then I'm curious if you can share with everybody, what is it? What is your investment kind of portfolio look like? Is it stocks? Is it bonds is a real estate? How do you see yourself hitting that hitting the hitting FI?   Diania: Yeah, so I went for the Simple Path to Wealth model. And I would say that most of my money is in the tax advantaged accounts of what my 401k So I actually quit my job in January of this year. That's crazy. That was 10 months ago.   Michael: Congratulations that's awesome.   Diania: Yeah. So okay, so little sidebar, that's kind of a really good representation of what I mean about being flexible, because I had just thought that I was going to stay with my employer until I reached financial independence. But things changed, right, I ended up getting this new boss, the dynamic of the company, after nine years of being employed, there changed considerably. And so, you know, the, I kind of felt like the party was over, and the company didn't value me anymore.   And so I could have just put my head down and pushed through it because I have this goal of financial independence. But instead, I decided to kind of take a risk and a bet on myself to see like, Okay, I've got this, but I like to call FU money. So that that's defined as a year to have your expenses liquid. So I had a year in cash, and I had a year in after tax brokerage, which I really don't want to touch the after tax brokerage, but it's almost like my backup plan, my additional layer of a safety net. But that's something that it was almost like the universe presented me an obstacle and an opportunity at the same time. And so that could potentially slow my path down to FI.   Or something could happen. And I could, you know, find a new source of income. I'm exploring like 14 different sources of income right now. And so one of those could blow up and then it could expedite my path to FI. It's almost like I gave up the security of a regular paycheck and opened myself up to the uncertainty. You know, like I had plotted out my whole plan before because it was based on a steady paycheck. And now it's not. So who knows? Maybe I reach FI by 40? Maybe not. But to answer your question directly, um, I have my IRA. Now a traditional IRA, that was a rollover from my 401k. I've got a Roth IRA, and also my HSA   Michael: That is tough to say five times fast.   Diania: Yeah yeah So I have, I would say, the bulk of my money is invested there, and I am like, VTSAX all the way, I just, I'm 100%. In stocks, I don't have any bonds, because I have a very high risk tolerance. But also I don't want to be, I don't want to have to rebalance every year. Right? It just is simpler for me that I don't need to rebalance every year. It's all in a total market index fund, set it and forget it. I also own my home.   Now, for the first two years, I had a roommate who was paying like 95% of the mortgage. So I did a little bit of house hacking. But I did buy this house with the knowing that it would be an amazing rental one day, so I'm living in it for now. And I believe that this will I don't look at it as an investment yet. I think it's going to be once I start renting it out sometime in the future.   But yeah, I would say that my investments are very much so just simple stock portfolio with my retirement vehicles, a property that could become a rental property, I do want to get more into real estate in the future. I will be honest, that is something that has intimidated me so much I should take your course.   Michael: Come to Roofstock Academy, Yeah absolutely!   Diania: Yes, yes. And all of my friends are reaching financial independence so much quicker than me through the real estate strategy. So I'll tell you a fun story. My one of my first events that I went to five events was called Camp Mustache. It's like followers of Mister Money Mustache. And I actually ran a breakout session. That was all attendee case studies. So there were four of us, who basically opened up the books on our finances, here's our income, here's our expenses. Here's where our portfolio stands today, here are the assumptions that we're making. Here's our growth trajectory. Here are some, you know, nuances we want to point out, and we let people like poke holes in our plan, because we're in a room full of   Michael: Vulnerable that is awesome.   Diania: So yeah, it was, it was great. For me, because, you know, I'm figuring all this stuff out on my own reading about stuff. And to be able to, like be in a room of other really smart people, many of which, who have already reached financial independence. And for them to be like, No, you're good. Like, do you don't need to stress about tax loss harvesting, you're fine. You know, like that, that was really reassuring to me to have. So it was almost like, I was always a good student, you know. So it feels like I got the good star that a plus for my teacher.   But what was fascinating about that breakout session is that two of the case studies, were these two guys, that made half my income, literally half my income, but they were on this fast track to FI they were going to reach it and half of my time, because of their real estate strategy. So I really do think like real estate is the way to do it the fastest. I think it's obviously more complex, it can be more labor intensive than just, you know, buying index funds. And, you know, you don't have to plunge a toilet on an index fund in the middle of the night. You know, you don't have to deal with tenants and all that stuff. So I definitely think that index funds strategy is easier. But it I think it is faster if you go with real estate.   Michael: Yeah. And just for everyone listening, how much did we pay you for that plug for real estate?   Diania: Nothing. I mean, it's just me watching all of my friends killing it. And like trying to work up the courage to do it myself.   Michael: Yeah, come on over. We I know a great place for you, we can get you all squared away. Because I couldn't agree more I think it you hit the nail on the head that anybody can go pick a stock and just put their money into it. And they can make money, they can lose money. I think real estate is more complicated. Coach Tom and I want to do their coaches at the Academy just put out a YouTube video talking about how passive real estate investing really is?   And the answer is, it's not for most of us, it's not here to go buy property it's not. So you really need to go learn about what's involved, versus kind of just throwing mud at the wall and seeing what sticks in terms of stock picking. Or you get this collective, you know, collective safety when you're buying the entire market. So I love that. I love that data. This has been so awesome. Thank you so much for hanging out with me. Do you have any final parting wisdom for everybody who's listening?   Diania: Oh, man, I feel like I gave you all my gems, all of my sound bites.   Michael: So then let's go back and re listen to this episode if you're listening at home, and where can people find out more about you and the economy conference?   Diania: Yeah, so if you go to economeconference.com. And that's econome with an ME at the end, not an MY, because if you look at the spelling of my name, I really appreciate misspelled words.   Economy conference.com, you can read about all our speakers, you can see all the programming we have planned. You can buy tickets there. Again, it's happening in just a month. So it's right around the corner at the University of Cincinnati. And then you can also subscribe to Optimal Finance Daily, which is the daily podcast that I host and you can allow me to serenade you with the sweet sounds of personal finance knowledge.   Michael: Fantastic. Well, thank you again. I definitely look forward to seeing you again. And I will talk to you soon.   Diania: Awesome. Thanks so much, Michael.   Michael: Thanks and talk to you soon. All righty, everybody, that was our episode a big big, big thank you to Diana that was so much fun. One of one of the most fun episodes I think we've recorded in a long time. So a big thank you to her again. There are so many nuggets of wisdom, pearls of joy of gold, whatever the expression is, so definitely go back and give that episode another listen to again, thanks so much for listening. And as always, we look forward to seeing you on the next one. Happy investing

Afford Anything
Ask Paula: How Can We Reach Financial Independence by 35?

Afford Anything

Play Episode Listen Later Nov 2, 2021 66:00


#346: Pensions make Chad uncomfortable, to the point of quitting his job to roll his $175,000 over to an IRA. Is the 12 percent match his employer offers good enough to beat the two percent growth of his pension? Or should he leave and never look back? Anonymous and his wife have $275,000 saved and a child on the way. They're 27 and want to reach financial independence by 35. They want to buy a house, but with this crazy market, what's the smartest way for them to use their savings? Anonymous and his wife are 30 and hope to reach financial independence in five years. They want to know: is a taxable brokerage account the best place for their leftover $1,000 after they max out their pre-tax 401k contributions? Norm wants to buy a house in cash and doesn't want his name on public record. Is it possible for him to stay anonymous? Sharon called in on episode 336 and called back to clarify her question. Her husband purchased a below-market property which has a cap that limits how much they can sell it for. Should they keep the home, or sell it, even if they can't get the full price for it? Joe Saul-Sehy, my friend and former financial planner, joins me to tackle these questions on today's episode. Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we'll answer them in a future episode. For more information, visit the show notes at https://affordanything.com/episode346

The Clark Howard Podcast
11.02.21 Why FI (Financial Independence)? - Funding Retirement / Debit Disaster.

The Clark Howard Podcast

Play Episode Listen Later Nov 2, 2021 31:28


Americans are living longer. At the same time, we want to retire earlier. Clark wisdom for those ages 20 to 45 about what it takes to be FI (Financially Independent) in the back third of life. // An outrageous grocery charge you have to hear to believe - and how to protect your wallet from this kind of banking trainwreck. Ask Clark topics include: How Does Airbnb Work for Hosts? / How to Buy a Used Car / Clark.com - CELL PHONES / 31 Items To Pack in Your Financial Emergency Kit Want more money advice? Sign up for Clark's free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

The Scope of Practice Podcast
Demystifying Real Estate Investments - Dr. Sunil Saxena

The Scope of Practice Podcast

Play Episode Listen Later Nov 1, 2021 40:12


Episode 83 - This week's guest is Dr. Sunil Saxena. He's a physician turned real estate mogul, and he's going to show us how to make money on real estate without losing everything. With a modest investment, you too can diversify your wealth strategy with a tool that spans the width of the risk spectrum. Dr. Saxena's going to spend the next episode demystifying real estate investments and you're not going to want to skip this one! Click here to download your free CME credits for listening to the show! Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!Medical careers drain time and energy from physicians and their spouses, not to mention the crushing debt most doctors are faced with when they first come out of training. The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today! Meet Sunil Saxena, M.D.Dr. Sunil Saxena is a life-long entrepreneur. He has started six successful companies mostly focused on real estate and real estate development. Dr. Saxena has been active in the DC real estate market since moving to the area in 2001. He has been involved in construction, remodeling, development and sales. He has completed over 100 projects including small rehabs to larger multi-unit projects.In early 2021, Dr. Saxena launched his online brand, @thesunilsaxena. In the past 5 months, he's grown from zero to over 600 thousand followers on TikTok, over 120 thousand followers on Instagram, and over 6 thousand subscribers on YouTube. Dr. Saxena is also a best-selling published author and speaker. Dr. Saxena graduated from medical school and practiced Emergency Medicine for 8 years, retiring from medicine in 2009.He is grew up in the Columbus, Ohio area and has four wonderful children. His hobbies include tennis, golf and comedy. Connect to Dr. Sunil Saxena Hyperfast Development's Home PageOn InstagramOn YouTubeUpcoming Webinar on InvestingReal Estate Investment Group on Facebook Join the Business and Personal Finance for Physicians and Dentists Facebook Group!Most physicians and dentists come out of training programs with a huge amount of personal debt and little to no idea of how to actually run a clinical practice.  This Facebook community is for anyone who wants to learn more about how to manage their business more successfully and master their personal finances.

Optimal Finance Daily
1697: My Philosophy on Money by Mr. 1500 of 1500 Days on Why You Should Retire Early & Financial Independence

Optimal Finance Daily

Play Episode Listen Later Nov 1, 2021 10:20


Mr. 1500 of 1500 Days shares his philosophy on money Episode 1697: My Philosophy on Money by Mr. 1500 of 1500 Days on Why You Should Retire Early & Financial Independence Mr. 1500 is a family guy living in Colorado with his wife and two young children. He studied biology and chemistry in college, but somehow turned into a software developer. In 2013 at the age of 39, he set a goal to build a portfolio of $1,000,000 by February 2017 - 1500 days later. He surpassed his goal and has tracked his financial journey online ever since. The original post is located here: https://www.1500days.com/my-philosophy-on-money/  If you're looking to supercharge your investment search and want to close on better deals while investing less time, head over to Awning.com/ofd  Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

ChooseFI
349 | Paper Returns Vs. Real Returns

ChooseFI

Play Episode Listen Later Nov 1, 2021 47:51


this week's episode, Brad and Jonathan discuss the importance of knowing the difference between paper returns and real returns. If an asset has a certain value in the market, it does not mean that said value will exist once an attempt to liquidate the asset is made! Later in the episode, they dip into the mailbag and answer listener questions about episode 332 and tax planning! Resources Mentioned In Today's Conversation Follow Brad on Twitter! Millenial Revolution Raising Your Money-Savvy Family For Next Generation Financial Independence by Carol Pittner and Doug Nordman Second Generation FI 401k Spreadsheet Subscribe to the FI Weekly! Join ChooseFI's Facebook Group! Transform Your Tax Return Into a Springboard for Financial Planning | ChooseFI Episode 332 Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!

ChooseFI
The Rules of the Game

ChooseFI

Play Episode Listen Later Oct 25, 2021 53:11


In this week's episode, Brad and Jonathan discuss the rules that financially dictate how we all play the game of life. Together, they point out that knowing the rules can allow you to experience the beneficial side of tax planning, maximizing your benefits, and utilizing your travel rewards! The rules may seem complicated on the surface, but once you understand them, you can start absolutely crushing your path to FI! Resources Mentioned In Today's Conversation Why We Sleep by Matthew Walker, PhD Animal Spirits Podcast Are Solar Panels Worth The Investment? Follow Brian Feroldi on Twitter! Get a copy of Brian Feroldi's Anti-Fragile Checklist Optimize Your Travel Expenses! The True Cost of Car Ownership | ChooseFI Episode 022 How Do I Figure Out The Taxes On This? | ChooseFI Episode 346 Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!