Podcasts about M1 Finance

In this episode we answer emails from Marco Esquandolas and Multi-Family Investor.  We discuss a long-term diversified Roth portfolio for a 13-year old, modelling Delaware Statutory Trusts in a portfolio, transitioning out of an all S&P 500 allocation in a taxable account, PFIX, Sabine Royalty Trust and individual stocks in retirement portfolios, and M1 Finance.Note/Correction:  Sabine is actually NOT structured like an MLP but as a true trust and therefore issues 1099s, not K-1s like most companies in the oil & gas royalty space.Links:Shannon's Demon Article:  Unexpected Returns: Shannon's Demon & the Rebalancing Bonus – Portfolio ChartsIDMO vs EFG (and other international growth funds) Analysis:  testfol.io/analysis?s=4PEQ1YvTbAMBreathless Unedited AI-Bot Summary:Dive into the world of strategic portfolio building with this illuminating episode where Frank tackles questions from two distinct investors at opposite ends of the age spectrum. A father shares his 13-year-old son's Shannon's Demon-inspired portfolio that's being built for an ultra-long 50+ year time horizon, featuring a balanced approach to growth and value across both domestic and international markets. Frank offers targeted advice on fund selection while celebrating this young investor's precocious financial journey.The conversation shifts dramatically when an engineer earning $250,000-300,000 annually shares his detailed retirement strategy with hopes of financial independence before 50. With $3.4 million spread across multiple investment vehicles including real estate, this listener puzzles over how to transition to a risk parity portfolio without triggering a substantial tax bill. Frank methodically dissects several aspects of this complex situation, questioning the wisdom of backdoor Roth conversions during peak earning years and clarifying misconceptions about Delaware Statutory Trusts as bond substitutes.What makes this episode particularly valuable is Frank's blend of technical advice and practical wisdom. He cuts through complex tax and investment strategies to offer straightforward solutions - identifying tax-loss harvesting opportunities, rethinking account structures, and focusing on expenses rather than arbitrary portfolio targets. The discussion extends to specialized investments like royalty trusts and interest rate hedges, providing listeners with a masterclass in portfolio construction that balances theoretical ideals with real-world constraints.Whether you're managing investments for the next generation or planning your own early retirement, this episode delivers actionable insights on building resilient, tax-efficient portfolios tailored to your unique circumstances. The principles shared apply across market conditions and investment goals, making this essential listening for any DIY investor seeking to optimize their financial future.Support the show

A lot of you have been asking: What are your favorite ETFs? And while I could just list them, that wouldn't be doing you any favors. In this episode, I'm breaking down exactly how to think about ETFs so you can make smarter investment choices for your unique financial situation.   We're going beyond just picking funds—I'm giving you a framework that helps you understand why certain ETFs make sense and why others don't (even if they work for someone else). I'll walk you through the key factors, from brokers and tax advantages to risk profiles and automation.   By the end of this episode, you won't just know my favorite ETFs—you'll know how to pick the right ones for you.   Key Talking Points of the Episode   00:00 Introduction 01:25 Why I don't just give a one-size-fits-all ETF answer 03:09 Financial education: The #1 key to smart investing 05:51 Understanding brokers: Vanguard, Fidelity, Schwab, and M1 Finance 08:41 How much risk should you actually take? 10:13 How to filter and select ETFs the right way 14:51 The importance of preparation in investing 16:42 My favorite ETFs and how I use them in different accounts   Quotables   “Financial advisors don't always have your best interests at heart. Many are just pushing paper to lock you into high-fee investments.”   “A good ETF choice isn't just about performance—it's about how it fits into your portfolio, your tax situation, and your goals.”   “Once you have a system in place and automate it, investing becomes effortless. That's the key to long-term success.”   Links   Brokerage Comparison Guides: Vanguard ETFs: https://investor.vanguard.com Fidelity Investments: https://www.fidelity.com Charles Schwab: https://www.schwab.com M1 Finance: https://www.m1finance.com   Budgetdog https://budgetdog.com https://budgetdogacademy.com/automated-investing-ioa-ot

The stock market is crashing and major indices are at correction levels. But many dividend growth stocks have already declined much more than the market and are trading close to their 52 week low. Let's take a closer look at 5 of these dividend growth stocks.Quality At A Fair Price: https://qualityatafairprice.substack.com/M1 Finance referral link:https://m1.finance/UNbCUpuP36lmLinks:Subscribe to my channel: https://www.youtube.com/c/LongacresFinancePatreon: https://www.patreon.com/LongacresFinanceDisclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice.#dividendincome #dividends #schd #dividendgrowthinvesting

28 out of the 69 Dividend Aristocrats have already announced a dividend increase in 2025. Some were great, some average and some pitiful, join me to find out who is thus far the best.Quality At A Fair Price: https://qualityatafairprice.substack.com/M1 Finance referral link:https://m1.finance/UNbCUpuP36lmLinks:Subscribe to my channel: https://www.youtube.com/c/LongacresFinancePatreon: https://www.patreon.com/LongacresFinanceDisclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice.#dividendincome #dividends #schd #dividendgrowthinvesting

The 4 factor dividend growth strategy and portfolio are averaging an 18.81% CAGR over the past 28 months. I provide an update on the portfolio, dividend income and the strategy.Quality At A Fair Price: https://qualityatafairprice.substack.com/M1 Finance referral link:https://m1.finance/UNbCUpuP36lmLinks:Subscribe to my channel: https://www.youtube.com/c/LongacresFinancePatreon: https://www.patreon.com/LongacresFinanceDisclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice.#dividendincome #dividends #schd #dividendgrowthinvesting

Everybody loves a bargain! And as investors we also love to buy great dividend growth stocks at bargain prices. The hard part is figuring out which stocks are trading for a bargain price today. Let me show you how Dividend Yield Theory can help you automate and speed up the process of finding dividend growth stocks that are potentially trading for bargain prices today. Tickerdata Referral Link: https://tickerdata.com/?aff=pZVGdN Quality At A Fair Price - Newsletter: https://qualityatafairprice.substack.com/ M1 Finance referral link: https://m1.finance/UNbCUpuP36lm Subscribe to my channel: https://www.youtube.com/c/LongacresFinance Patreon: https://www.patreon.com/LongacresFinance Disclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice. #dividendincome #dividends #schd #dividendgrowthinvesting

In today's episode of Five Question Friday (FQF), we start with a strategy you might consider if you want to leave your expensive financial advisor but you are afraid of going it alone. Here are all the questions in today's show:1. How to leave your financial advisor2. TIPS ladder vs BND3. Are Target Date Funds a Reasonable Option4. If a person has over $250,000 in a Fidelity account, should they open up another account - say with Vanguard, Schwab, M1 Finance, or perhaps another brokerage - elsewhere as well?5. How do we rebalance assets in Boldin? If we enter a 60/40 portfolio today, after a few years, it turns into 80/20, which means the software is not rebalancing automatically.2. For the BND fund, what rate of return will you use?Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...

Paul and Chris interview M1 Finance's CEO, Brian Barnes, and ask several listener questions. This is the follow-up to their previous M1 Finance 2024 update podcast and YouTube video.   They start by asking Brian how and why he created the company. That's followed by a wide-ranging conversation that includes some interesting surprises, like Chris's realization that using M1's target-date pies instead of traditional target-date funds can result in some real tax efficiency. Here's the topic list with time codes. 00:00:00 Intro 00:08:12 M1 Genesis 00:12:51 Partial-Share ETF Trading 00:15:59 Who is M1 for?00:19:42 What's next? 00:22:44 Is M1 a robo-advisor?   00:25:36 M1 Pies 00:29:38 Pies vs. TDFs00:34:32 Tax Efficiency 00:35:46 How safe is M1? 00:41:13 Fixed trade windows 00:48:07 Crossing orders 00:49:22 Competitive rates 00:51:29 Which ETFs? 00:53:19 Fees? 00:57:07 Multi-account rebalancing? 00:58:31 Entrepreneur's experienceDisclaimers:Content is not intended to provide personal tax or financial advice.This information is intended to be used and must be used for information purposes only.M1 is a technology company offering a range offinancial products and services. “M1” refers toM1 Holdings Inc., and its wholly-owned, separateaffiliates M1 Finance LLC, M1 Spend LLC, andM1 Digital LLC.Related to M1 Spend:For informational purposes only and not a traderecommendation. All product and company namesare trademarks or registered trademarks of theirrespective holders. Use of them does not imply anyaffiliation with or endorsement by them.

Lincoln Electric Holdings is a great dividend growth stock and today we are taking a closer look at it! Check out my newsletter for more stock reviews: https://qualityatafairprice.substack.com/ M1 Finance referral link: https://m1.finance/UNbCUpuP36lm Links: Subscribe to my channel: https://www.youtube.com/c/LongacresFinance Patreon: https://www.patreon.com/LongacresFinance Disclaimer: This content is intended for entertainment purposes only and should not be taken as investment advice. --- Support this podcast: https://podcasters.spotify.com/pod/show/longacresfinance/support

Dividend stocks are great, dividend aristocrats are even better because they have all grown their dividends for at least 25 consecutive years. But as we all know some dividend aristocrats are moving at a snails pace today, especially in the dividend growth department. So it makes sense to look ahead and see which companies will be dividend aristocrats in the future and jump on board as they cruise along towards this elite dividend status! There are 30 companies on pace to become dividend aristocrats in the next few years. To see the full list you can download the full PDF using the link below. https://quality-at-a-fair-price.ck.page/3fe9894316 I hope you enjoy the content! Here are a few links if you'd like to connect with more of my content! Quality At A Fair Price: https://qualityatafairprice.substack.com/ M1 Finance referral link: https://m1.finance/UNbCUpuP36lm Patreon: https://www.patreon.com/LongacresFinance Disclaimer: This video is intended for entertainment purposes only and should not be taken as investment advice. #dividendincome #dividends #dividendgrowthinvesting --- Support this podcast: https://podcasters.spotify.com/pod/show/longacresfinance/support

Chris & Paul walk through the changes to The Merriman Financial Education Foundation's relationship with M1 Finance, including affiliate commissions, a new emphasis on accurate messaging, and improved pre-made portfolio shortcuts (M1 calls them Pies). The new Pies now include all of our Sound Investing equity portfolios, taxable and tax-deferred fixed-income portfolios, and 5-year increments of the Merriman Aggressive Target-Date Glide Path allocations.  Chris shows how easy it is to mix them to get the equity and fixed income ratio you want.  He also shows how to approximate intermediate years along the target-date glide path.  Finally, Paul challenges him to create a mix of several different equity strategies, which he demonstrates. Following the demonstrations, they briefly discuss how M1 compares to Fidelity's offering. They close with a request for listener questions to be used in an upcoming interview with M1 Finance's founder and CEO, Brian Barnes.  If you have any, please email them to chriskpedersen@gmail.com.   M1-Related Disclosures This podcast and video were recorded on September 12, 2024.  All information is subject to change. The opinions expressed are solely those of the authors and do not reflect the views of M1. They are for informational purposes only and are not a recommendation of an investment strategy or to buy or sell any security in any account. They are also not research reports and are not intended to serve as the basis for any investment decision. Prior to making any investment decision, you are encouraged to consult your personal investment, legal, and tax advisors. M1 is a technology company offering a range of financial products and services. “M1” refers to M1 Holdings Inc., and its wholly-owned, separate affiliates M1 Finance LLC, M1 Spend LLC, and M1 Digital LLC. If you choose to transfer your account to another broker-dealer, only the full shares are guaranteed to transfer. Fractional shares may need to be liquidated and transferred as cash. All examples above are hypothetical, do not reflect any specific investments, are for informational purposes only, and should not be considered an offer to buy or sell any products. All investing involves risk, including the risk of losing the money you invest. Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc. M1 does not provide investment advice, and this is not an offer or solicitation of an offer, or advice to buy or sell any security, and you are encouraged to consult your personal investment, legal, and tax advisors. M1 is not recommending or endorsing this investment by making it available to its customers.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2857: Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes. Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/ Quotes to ponder: "Why pay ten times more to invest your money in what amounts to basically the same thing?" "My brother's situation showed me exactly why people still invest in these types of funds." "If you want to make it really easy on yourself, go with something I listed in the alternatives." Episode references: M1 Finance: https://www.m1finance.com The Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2857: Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes. Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/ Quotes to ponder: "Why pay ten times more to invest your money in what amounts to basically the same thing?" "My brother's situation showed me exactly why people still invest in these types of funds." "If you want to make it really easy on yourself, go with something I listed in the alternatives." Episode references: M1 Finance: https://www.m1finance.com The Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2857: Kevin Ha of FinancialPanther.com explores why people still invest in expensive mutual funds despite the availability of cheaper alternatives. He reveals that a lack of financial literacy and over-reliance on brand names or financial advisors often lead to poor investment choices. Kevin offers practical solutions, recommending low-cost funds and roboadvisors for better financial outcomes. Read along with the original article(s) here: https://financialpanther.com/why-does-anyone-invest-in-expensive-funds/ Quotes to ponder: "Why pay ten times more to invest your money in what amounts to basically the same thing?" "My brother's situation showed me exactly why people still invest in these types of funds." "If you want to make it really easy on yourself, go with something I listed in the alternatives." Episode references: M1 Finance: https://www.m1finance.com The Vanguard Total Stock Market Index Fund (VTSAX): https://investor.vanguard.com/mutual-funds/profile/VTSAX Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Accrued, Tedd Huff and Colton Pond sit down with Brian Barnes, the CEO and founder of M1. If you've ever wondered how to make your money work smarter for you, this episode is packed with insights. Brian shares how they combine investment tools with personal banking features to help clients manage their money better. The trio covers everything from building trust in the financial world to the decision to acquire a bank.M1 is not your typical financial company. It's designed for modern investors who want to control their long-term wealth. Brian explains that M1 is about giving their clients the tools to invest, borrow, and spend wisely, all in one place. With over $8 billion in assets managed, it's clear that many people trust M1 to help them grow their money.One of the cool things they discuss is how M1 enables clients use their investments as collateral for loans. This means you can borrow money at lower costs without selling your investments. This approach is usually reserved for the wealthy, but M1 makes it available to everyone, which is pretty amazing.Brian talks about the importance of building trust with customers. In the financial industry, trust is everything. M1 Finance focuses on delivering high-quality customer experiences and keeping their promises. This dedication to trust is part of why they decided to acquire a bank. Owning a bank allows them to offer even more value to their customers and integrate services seamlessly.They also dive into the challenges faced by FinTech companies. Starting and growing a company like M1 isn't easy. Brian shares some of the pain points they've encountered and how they've overcome them. It's all about disciplined execution and creating value for customers over time. Brian explains how M1 plans and prioritizes its product development and how they are always looking for ways to improve and add new features that benefit their users. This includes everything from high-yield savings accounts to credit card rewards that can be automatically re-invested. The conversation also touches on the importance of modern infrastructure in financial services. Having up-to-date systems is crucial for providing real-time, efficient operations. Brian emphasizes that integrating new digital systems with old ones can be challenging, but it's necessary to maintain trust and reliability.Brian shares his vision for AI in personal finance. He believes that AI can help people make better financial decisions by providing personalized guidance and advice. Imagine having a digital assistant that helps you manage your money and plan for the future – that's what M1 Finance aims to achieve.Throughout the episode, the guys highlight the fundamental elements of FinTech and financial services that remain constant. No matter how much technology changes, basic financial principles are key to long-term financial success.Brian's story with M1 is a testament to the power of a well-thought-out strategy and a customer-focused approach. By blending investment tools with personal banking features, M1 is making it easier for people to manage their money and grow their wealth. This episode of Accrued offers a great look at how M1 is changing the financial landscape. Whether you're interested in FinTech, personal finance, or just looking for ways to make your money work harder for you, there's something here for everyone. Don't miss this engaging and informative conversation with Brian Barnes. Remember to subscribe to Accrued for more episodes that dive into the world of finance and beyond. Keep exploring new ways to improve your financial health and stay ahead of the curve with Accrued.Key HighlightsWhy Trust is Key in FinTech: Insights from M1Building trust is crucial in the financial industry. Brian Barnes shares how M1 focuses on delivering consistent,...

In this episode of The Decade Investor Podcast,  Kolin talks about why he is transferring his money out of M1 Finance and putting it into Fidelity. Kolin talks about the transfer process of moving assets from one brokerage account to another and how easy the process is. Kolin shares the new features that Fidelity has offered such as auto-investing and building your own "pie" with the Fidelity Baskets. Kolin also gives a little tip about just picking a brokerage account to start because transferring from accounts is pretty straight forward.Be sure to follow Decade Investor on all socials & join the FREE weekly newsletter!TwitterInstagramWeekly Newsletter

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

What are the money habits keeping you poor? Our behaviors dictate our ultimate success. Your habits are bringing you closer, or taking you further away.   George talks about six habits to get rid of, or start developing to bring you the financial success you're looking for!    Here's an article on credit score: https://www.bankrate.com/mortgages/what-is-a-conventional-loan/#what-is   Check out M1 Finance, Trust & Will, Investopedia, Betterment, and LifeHappens.org.   Here's an article on active versus passive investing: https://www.nerdwallet.com/article/investing/active-vs-passive-investing   Ready to get your finances together? Check out our DIY Financial Plan Course: https://george-grombacher.aweb.page/DIY   Get your copy of George's newest book, How to Get Good at Money: The Keys to Financial Peace of Mind and Prosperity https://amzn.to/3NI5f6W   Get your copy of George's first book, Be Your Own CFO: A Businesslike Approach to Your Personal Finances  https://amzn.to/3l4eOkv   Find the free Goals, Values, and Get Out of Debt courses at  https://moneyalignmentacademy.com/ondemand-courses/   Get our monthly updates here: https://george-grombacher.aweb.page/   Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee https://www.buymeacoffee.com/lifeblood

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

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

In this episode: the power of pursuit, FU money, index investing, investing the difference, and the simple path to wealth. This week we are joined by the godfather of the FI movement himself JL Collins to discuss the themes of his new book "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them." While there is no perfect blueprint to mastering your money, there can be confidence and motivation to be found in the stories of others who have been in your position regardless of what part of the path to FI you are on! Though this journey requires you to have to take action and make necessary financial changes, it is never about complexity and deprivation. But rather, this journey is about recognizing the freedoms gained while pursuing FI, not just when you reach your FI goal! The moment you begin to simplify your path to wealth, you will find yourself becoming a stronger and happier individual! JL Collins: Check Out JL's New Book "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them" Website: jlcollinsnh.com Other Book: "The Simple Path to Wealth: Your road map to financial independence and a rich, free life" Timestamps: 1:25 - Introduction 4:27 - The Power Of Pursuit And FI 13:48 - Buying Your Freedom 22:34 - There's No Secret To Money 30:35 - The Power Of Index Investing 43:29 - Spend Less, Avoid Debt, And Invest The Difference 51:27 - Following The Simple Path To Wealth 56:26 - Conclusion Resources Mentioned In Today's Episode: "Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Kristy Shen and Bryce Leung 10 Reasons People Invest in Hedge Funds A Wealth Of Common Sense 32 Things to Know about Following The Simple Path to Wealth Time Machine and the Future Returns for Stocks Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or more with these 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-free investing with M1 Finance

In this episode: community, building fun into your life, college planning, fear, following threads, and travel rewards. This week we are rejoined by Ginger for another installment of the Round-Up, where we catch up and discuss our favorite takeaways from this past month's episodes. From learning how to best prepare your child for the college application process, to the importance of introspection to pinpoint and work with your fears, and finally to re-framing your fearing relationship with money. It's been a great month with content full of information that all listeners can relate to, no matter what part of the FI journey they are in! Timestamps: 0:37 - Introduction 3:23 - Community 12:45 - Building Fun Into Your Life 17:51 - Usage Of Travel Rewards 29:51 - College Planning 37:18 - Following the Threads, Fear, And Money 49:32 - Retirement Investing/The Mailbag 57:00 - Conclusion Resources Mentioned In Today's Episode: FI is Fun FinCon The Great Man Within EconoME Conference (Coupon Code "choosefi" for 10% Off!) CampFI FI Freedom Retreats Find Your Local ChooseFI Group "The Inheritance Games" By Jennifer Lynn Barnes "The Blade Itself" by Joe Abercrombie Mailbag: Cover Your Expenses | Rachael Camp | ChooseFI Ep 457 Preparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460 A Healthy State of Panic | Farnoosh Torabi | ChooseFI Ep 458 Follow the Thread | Cory Muscara | ChooseFI Ep 459 Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: financial aid, college planning, standardized tests, tests optional, need meeting, and preparation. This week we are re-joined by Brian Eufinger to discuss ways to best prepare your children for college admissions, navigating the new changes to FAFSA and the CSS profile, and how you can maximize when prepping for your child's higher education. While college prep can be stressful for students, from maintaining their GPA to taking multiple standardized tests, it can be just as stressful for parents to figure out financial aid and how to best set up their child for success before and after graduation. However, knowing the factors to consider early on and having the knowledge in advance can make this process far less daunting! While stressful as it may be, remember that there are many different resources available to you and your child that give you the knowledge that may alleviate the pressures that come with college prep and financial aid!  Brian Eufinger: Free diagnostic mock SAT and ACT tests (each weekend): www.edisonprep.com/mocks/ Free information sessions on college admissions (6-7x / year, including one on 11/14 @ 7pm EST): www.edisonprep.com/infosession/ How to self-prep for the SAT/ACT: www.gettestbright.com/self-prep-for-the-sat-act/ Edison Prep Bios: www.edisonprep.com/bio/ Timestamps: 1:06 - Introduction 4:53 - The Impact of Merit Aid 11:49 - When, Where, and How to Think About Standardized Tests 18:33 - The Intersection of The School, Price, Opportunity, and Comfort 25:20 - Standardized Tests and The Reality of Preparation 31:08 - Tests (Not) Optional 37:32 - Governmental Forms and Financial Aid 46:43 - The Variance of Need Meeting and Aid Changes 51:13 - Preparation and Knowledge With College Planning 55:23 - Non-Academic Path to Savings 58:14 - Conclusion Resources Mentioned In Today's Episode: Demystify College Scholarships | Brian Eufinger | Edison Prep | ChooseFI Ep 114 Hacking The FAFSA | Brian Eufinger And Seonwoo Lee | ChooseFI Ep. 154 Major Financial Aid Changes Coming: What Families Need to Know FAFSA Changes Are Coming: What You Need To Know Big J's Very Brief Guide to the FAFSA and CSS Profile How the FAFSA Simplification Can Impact Your Financial Aid Summary of Changes to the 2024-2025 FAFSA The $100K Glorified Sleepaway Camp | Millionaire Educator | ChooseFI Ep 386 Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

What personal finance experts won't tell you probably won't kill you. But it could cost you some money.  George talks about three secrets they'd rather you didn't know!    Check out M1 Finance, Trust & Will, Investopedia, Betterment, and LifeHappens.org.   Here's an article on active versus passive investing: https://www.nerdwallet.com/article/investing/active-vs-passive-investing   Ready to get your finances together? Check out our DIY Financial Plan Course: https://george-grombacher.aweb.page/DIY   Get your copy of George's newest book, How to Get Good at Money: The Keys to Financial Peace of Mind and Prosperity https://amzn.to/3NI5f6W   Get your copy of George's first book, Be Your Own CFO: A Businesslike Approach to Your Personal Finances  https://amzn.to/3l4eOkv   Find the free Goals, Values, and Get Out of Debt courses at  https://moneyalignmentacademy.com/ondemand-courses/   Get our monthly updates here: https://george-grombacher.aweb.page/   Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review here: ​​https://ratethispodcast.com/lifebloodpodcast You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee https://www.buymeacoffee.com/lifeblood

This week: Why do we like the Utah 529 Plan? Should BND be sold to create a ladder even if it's down? Why don't we mention M1 Finance? What do we think of the Fidelity Zero funds? Can a corporate bond ETF replace a money market fund? Is 1% per year a fair fee for an investment advisor? Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode: spiritual bypassing, curiosity, fear, wellbeing, inflection points, and what the body stores. This we are re-joined by Cory Muscara to discuss the benefits of practicing mindfulness while embarking on the FI journey, the concept of spiritual bypassing, and the positive benefits that come from being present. An important part of the FI journey is learning to take actionable steps to better your life, and a large part of this requires introspection and honest reflection of where you are in your life. Through the practice of meditation and setting intentions, it may allow you to recognize patterns that harm you or keep you from enjoying life in the present. While working through triggers or anxieties can be uncomfortable, mindful practices can be the vehicle to move you from discomfort to a place of control and confidence in your life. So while you may be putting all your mental energy into reaching your FI goal, remember that getting to the finish line is not what this journey is about, but rather the positive effects and changes that come from taking control of your life and being present!  Cory Muscara: To join Cory's daily text list text "choosefi" to 631-305-2874 Website: Practicing Human Book: "Stop Missing Your Life: How to be Deeply Present in an Un-Present World" Instagram: @corymuscara Timestamps: 1:56 - Introduction 2:34 - The Cost of Relocation 6:28 - The Danger Of Spiritual Bypassing Through FI 16:52 - Curiosity and Fear 27:22 - What The Body Stores 33:18 - Money and Well-being/Inflection Points 40:46 - Taking Control and Following The Thread 48:12 - Conclusion Resources Mentioned In Today's Episode: Mindfulness And FI | Cory Muscara | ChooseFI Ep 61 "Influence, New and Expanded: The Psychology of Persuasion" By Robert Cialdini Headspace "The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma" by Bessel van der Kolk MD Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

In this episode: fear, anxiety, FOMO, talking about money, endings, self development, exposure, and the fear of loneliness. This week we are joined by Farnoosh Tarabi where we will be discussing the topic of fear and anxiety, reinterpreting FOMO, and how to recognize and use your fears and anxieties to work with you in order to reach your financial goals. While we can sometimes interpret our own fear as a weakness, many times these fears and anxieties can be a secret weapon, ones that motivate us and usher in necessary change that can make a difference in the path that we are on. In some cases, it can be a fear of missing out on opportunities. Other times it can be a fear of endings. But no matter the fears, learning to recognize the underlying feelings and meanings can ultimately help you on the path to FI! Remember, an important part of this journey requires introspection, and while it may be uncomfortable to sit with your fears and anxieties, working with them, rather than against them may just be the superpower you didn't know you had.  Farnoosh Torabi: Check out Farnoosh's new book "A Healthy State of Panic! Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life" Timestamps: 2:12 - Introduction 3:24 - The Other Side of Anxiety's Coin 8:23 - Fear and Finance/Talking About Money 16:41 - The Fear of Rejection 25:22 - The Fear of Missing Out/The Fear of Loneliness 39:33 - The Fear of Exposure 45:29 - The Fear of Endings 50:03 - Conclusion Resources Mentioned In Today's Episode: So Money Podcast "The Anatomy of Anxiety: Understanding and Overcoming the Body's Fear Response" by Ellen Vora "When She Makes More" by Farnoosh Torabi Subscribe to The FI Weekly! More Helpful Links and FI Resources: Earn $1,050 or More With These 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-Free Investing with M1 Finance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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