Podcasts about reaching fi

Teachers aren't known for their high salaries, so how did this one reach early retirement and FIRE at just 45 years old? Through “aggressive” saving and smart cost-of-living choices, Amy Minkley was able to quit her demanding international teaching job only three years after finding out about the FIRE movement. Now, she spends her days living in paradise and hosting “FI Freedom Retreats” once or twice a year for like-minded FIRE-chasers. To reach FIRE in your 40s, you must make some strategic moves like Amy. Thankfully, you don't need to make six figures to retire early in 2025. Throughout Amy's career, she never entered the “high income” threshold but could still save aggressively, thanks to the perks of teaching at international schools. We're talking free rent, subsidized travel, and plenty of paid vacation. But it wasn't always the dream life that it sounds like. Amy had constant stress and was routinely feeling burned out, forcing her to take multiple sabbaticals, change where she lived, and deal with some of the money trauma that had plagued her past. Now, she's FIRE, thriving, and living entirely on her terms. You can (and should) do it, too! In This Episode We Cover How to reach FIRE in your 40s even if you feel like it's too “late” for you Why teachers should look into teaching abroad to save a significant portion of their income Investing from abroad and what to do when you have little-to-no social security contributions How much cash you should keep on hand when you're ready to retire early Living off the three percent rule (instead of the traditional four percent rule) by moving to low-cost-of-living areas Why you must take a sabbatical at least once in your working career And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Save $100 on Real Estate's Biggest Event of the Year, BPCon2025 Reach FIRE Faster with "Set for Life" Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area From Making $40K/Year as a Teacher to Reaching FI in 4 Years by Doing THIS Connect with Amy Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-610 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

You can take your time to reach financial independence, but why wait? With a combination of hard work, savvy investing, and additional income streams, today's guest reached FI by the age of twenty-eight. In this episode, she provides the blueprint that teachers and other middle-class workers can use to fast-track their financial goals! Welcome back to the BiggerPockets Money podcast! Today, Brooke Coughlin is a business owner, real estate agent, investor, and author. But, just FOUR years ago, she was a seventh-grade teacher earning a $40,000 salary. The key to her rapid success? Brooke's workday starts at 5 a.m. and ends well after 10 p.m. This relentless work ethic has helped her build a successful cleaning business, sell over $100 million worth of real estate, and pen her very own book! Now, working from sunup to sundown isn't for everyone. Perhaps you just want a reasonable nest egg for a comfortable retirement or some money to pass down to your children. Whatever your financial goals, there are all kinds of helpful nuggets to take away from today's episode. You'll learn about the first steps of entrepreneurship, how to build a business or side hustle alongside your W2 job, and how to become financially free from any starting point! In This Episode We Cover How Brooke went from a $40,000 salary to financial independence in FOUR years The BEST ways to increase your income while working a nine-to-five job What teachers should do today to build a nest egg for retirement The first steps you must take to become a successful entrepreneur How to build a real estate business that allows you to leave your W2 job And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder Connect with Brooke on Instagram Preorder Brooke's Book, “She Closes Deals” 00:00 Intro 00:58 Supercharging Her Income 09:49 Juggling a HEAVY Workload 12:00 Brooke's Real Estate Portfolio 16:03 What's Brooke's End Goal? 25:06 Connect with Brooke! 25:50 Start Building Your Nest Egg! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-522 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The road to financial independence isn't always linear, but stoicism might be the secret ingredient that keeps you on track. This ancient philosophy gets a bad rap, but with its framework as your financial “operating system,” you'll be able to weather all kinds of storms! Welcome back to the BiggerPockets Money podcast! Today, Darius Foroux is a business owner, landlord, financial educator, and the author of eight books. But as a boy, he watched his family live paycheck to paycheck for many years. Vowing to one day become wealthy, Darius started saving every penny possible, only to find that practicing staunch frugality could only take him so far. After more than a decade of hard work and sacrifice, he had just $10,000 to his name and, after student loans, a negative net worth. But in 2015, Darius made a seismic mindset shift that propelled him to FI in just FIVE years! In this episode, Darius dispels the myth that stoicism is about suppressing emotions and lacking empathy. Instead, you'll learn that its tenets revolve around creating balance, staying grounded, and changing how you respond to things beyond your control—virtues that are congruent with building wealth. But that's not all. He will also show you how to increase your income, gain a “stoic edge,” and invest your money in 2024! In This Episode We Cover How Darius went from a low net worth to financial independence in FIVE years Why reaching FI is easier with stoicism as your “operating system” Why investing in yourself and learning new skills is the KEY to higher income The three steps for gaining a “stoic edge” that helps you build wealth faster The BEST way to start investing in the stock market in 2024 And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Grab Darius' Latest Book, The Stoic Path to Wealth Connect with Amanda on Instagram 00:00 Intro 03:24 Darius' Money Journey 11:16 Negative Net Worth & the “Aha!” Moment 22:25 Stoicism in Personal Finance 32:11 Building Wealth with Stoicism 41:36 How to Start Investing in 2024 47:04 Reaching FI & Retiring Like a Stoic 52:46 Connect with Darius! 53:19 Find Joy in the Journey! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-546 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

#039.  Today's guest is Lacey Filipich.  Lacey discusses how her late mom was a huge influence and support in developing the strong financial habits that she carries with her to this day.  We talk about Lacey's kidpreneur phase when she ran a business as a child as well as how she bought her first real estate property when she was only 19 years old.  We discuss why teaching our kids about money is so important because if they don't feel financially secure, chances are they are going to make worse decisions in other aspects of their lives.    Lacey gets into what we as parents can do to teach our kids to not only manage their money, but also to grow their wealth.  And she covers the importance of ensuring our kids identify opportunities to earn money and to be able to develop their negotiation skills.  We cover a lot of ground including the Money School and the Maker Kids Club she founded to teach children money skills through enterprise, as well as her book Money School, that provides a way for people to reach FI and be time rich.  Show notes and more at:https://moneydadpodcast.com/session039

What would it look like to take a gap year and travel with your family? Find out in this episode as I chat with Heidi Dusek. Heidi is known as the “Adventurous Mom” and the podcast host and founder of Ordinary Sherpa, an online community designed to inspire families to connect through simple and authentic adventure experiences. You will hear her story of family adventure, how they prepared financially and mentally, and how she faces winding down her career in order to have a gap year. “I decided to, instead of having these external goals as metrics on what success looks like, I decided to say, what would it look like if joy was the metric.” - Heidi Dusek “The sooner and easier you make it to get out the door and do the thing, the more likely you are to start. And that's, I think, if you can focus on starting something as opposed to finishing, you have a step in the right direction.” - Heidi Dusek What You Will Learn From This Episode What inspired Heidi to take a gap year and travel with her family Heidi's and her family's whereabouts and how they face the challenge of getting out of their comfort zone The nuts and bolts of preparing financially and mentally for the gap year Heidi's advice for parents who want to have more adventures with their kids outside of what may be viewed as traditional How to take care of your mental and financial health while being on the road and traveling as a family Making the most out of the unexpected things that happen The fears that Heidi faced while winding down her career in order to have a gap year and how she overcame them How to get started on this journey even when you feel bogged down with job and family obligations About Heidi Dusek: Heidi Dusek has earned the title of adventurous mom after over a decade of packing up kids and setting off on adventures near and far. She is currently winding down her career in the public sector as a Foundation Executive to take a gap year with her family to live an intentional life challenging herself to not get too comfortable or align with the status quo. Some describe her as a disruptor and an unshakeable optimist. Her work is featured as the podcast host and founder of Ordinary Sherpa, an online community designed to inspire families to connect through simple and authentic adventure experiences.  As an “ordinary” mom, she creates content to guide and support other families on their quest to live a more adventurous life. Her book, Beyond Normal, a field guide to embracing adventure, exploring the wilderness, and designing an extraordinary life with kids shares research, tools, and novel tips to integrate adventure into your daily life. Heidi and her husband Brent, live in northeast Wisconsin with their three kids and Weimaraner dog. They spend their time skiing, building igloos, making maple syrup, and filling the gaps with hiking, mountain biking, and aim to spend as much time outdoors as possible.  While they crave travel they also recognize the privilege and comforts of coming home.  Resources: Die With Zero: Getting All You Can from Your Money and Your Life by Bill Perkins Man's Search for Meaning by Viktor Frankl Paying Off Debt, Reaching FI, and Dealing with Online Hate: An Interview with Jillian Johnsrud Beyond Normal, A Field Guide to Embrace Adventure, explore the Wilderness and Design an Extraordinary Life with Kids by Heidi Dusek Heidi's freebie with 50+ everyday adventure digital cards filled with ideas for unique adventures Connect with Heidi: Instagram LinkedIn Facebook Website Ordinary Sherpa Podcast Connect with Melanie mentalhealthandwealth.com melanielockert.com Instagram Support the podcast through Ko-Fi: https://ko-fi.com/melanielockert Buy Melanie's book “Dear Debt” Contact: mentalhealthandwealthshow@gmail.com    Want more content and support? Sign up for the Mental Hump Newsletter and get our free Mental Health and Money inventory worksheet. You can sign up at MentalHealthandWealth.com. Also, we host a Mental Health and Wealth Hangout every other Thursday over Zoom at 5 pm PT to chat about all things money and mental health. Join here! Follow us on Apple Podcast or Libsyn! Love the podcast? Leave a review on iTunes!

Check out this week's Mom on the Go episode with Jessica from Reaching FI with 2 Kids. Jess shares how she does it all and some tips on how she teaches her kids about money.

Check out this week's episode with Jessica from Reaching FI with 2 Kids. Jessica shares her money journey of being in debt, having kids, learning about money later in life but still reaching a $1.3 million net worth in her 40's. You won't want ho miss her story.

Gerry from the Millionaire Educator joins the show to discuss how he reached financial independence with a teacher's salary and magic money. We discuss the powerful 457b plan and the 7 pillars of FI. Reaching FI requires tracking your expenses and net worth. I use Personal Capital to do this for free! (Get a $20 Amazon Gift Card with this link when you add at least one investment account containing a balance of more than $1,000 within 30 days) We Discuss: The Power Of Using A 457 Account To Control Your Tax Rate The 7 Pillars Of Financial Independence How To Earn 2 Years Of College Credits In A Month Please Subscribe & Leave A Review More Resources Hacking College 7 Reasons To Love Your 457 Plan 457b Plan: Pros and Cons How To Max Out Your 401k/403b and 457 Millionaire Educator's Free Money Post Find More Episodes At InspiretoFIRE.com/Podcast These notes may contain affiliate links, which means I receive commissions if you choose to purchase through the links I provide (at no extra cost to you). Thank you for supporting my work! Disclaimer: This is not tax, investment, or financial advice. This is a podcast meant to entertain. None of what is said should be taken as financial advice. Please consult your own advisors regarding your own matters. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, I chat with Jessica from The Fioneers, an award-winning blog that focuses on building financial freedom and designing a life you truly love. Jessica is a full-time human being and a part-time writer and lifestyle design coach. We talk about how she recovered from burnout and how she had a transformative time with her relationship with money. Learn how she manages her mental health today and uses money to design a new life. "You deserve to actually feel better." - Jessica "You don't need to stay in the difficult place that you're in just because others might have it worse. We all deserve to thrive and a rising tide lifts all the boats." - Jessica What You Will Learn From This Episode Experiencing burnout from work and the steps that you can take to get sick leave, get paid, and deal with your mental health How dialectical behavioral therapy helps Jessica How self-care by subtraction, burnout recovery activities, and self-discovery work Getting back up again and starting entrepreneurship that supplements her mental health Ways to build financial freedom now to help you enjoy life and improve mental health before reaching FI (what is coast FI) What Jessica is doing now to help with her money and mental health Tips if you're at a crisis point with your work and mental health About Jessica: Jessica is a full-time human being and a part-time writer and lifestyle design coach. She is a co-founder of the blog, The Fioneers, a globally recognized and award-winning resource focused on building financial freedom and designing a life you truly love. In her free time, you can find her spending time outdoors with her husband and dog, road tripping in her camper van, and playing complex board games. Resources: Paying Off Debt, Reaching FI, and Dealing with Online Hate: An Interview with Jillian Johnsrud Burnout Recovery: 6 Strategies I Found Super Helpful by Jessica You are Not Your Job: How to Reclaim your Identity by Jessica How to Set Boundaries at Work by Jessica Connect with Jessica thefioneers.com Instagram Twitter Connect with Melanie mentalhealthandwealth.com melanielockert.com Instagram Support the podcast through Ko-Fi Buy Melanie's book “Dear Debt” Contact: mentalhealthandwealthshow@gmail.com   Want more content and support? Sign up for the Mental Hump Newsletter and get our free Mental Health and Money inventory worksheet. You can sign up at MentalHealthandWealth.com. Also, we host a Mental Health and Wealth Hangout every other Thursday over Zoom at 5 pm PT to chat about all things money and mental health. Join here! Follow us on Apple Podcast or Libsyn! Love the podcast? Leave a review on iTunes!

In this week's episode, join me as I chat with my friend Jillian Johnsrud on how online hate or criticism affects our mental health. Jillian is a popular public speaker, coach, and writer. We talk about her new book “Fire the Haters: Finding Courage to Create Online in a Critical World.” She also shares her story of paying off debt, how she became financially independent, deal with bipolar disorder and retire at age 32.   “Having more money doesn't necessarily change your internal feelings about money. That fear, that scarcity, that panic of like what if I run out is still there even when people have large net worths unless they do the internal work.” - Jillian Johnsrud “Whenever I see people throwing tantrums online I'm like, nobody's cutting me a check to help this person grow and develop and become the best version of themselves.” - Jillian Johnsrud What You Will Learn From This Episode Paying off $55K in debt and having financial awareness at a young age How to achieve FIRE (Financial Independence, Retire Early) and really do it by experimenting with it What is a ‘quit list' and how it can help with your money and mental health Common misconceptions about bipolar disorder and why some people struggle with being medicine compliant Work tips to manage money and mental health How to set online boundaries and deal with the emotional impact of doing that How online hate or criticism affects our mental health and how to deal with it About Jillian Johnsrud: After becoming financially independent at 32 years old, Jillian turned her personal and professional experience towards a creative life. She is a popular public speaker, teaches online classes, coach, and writer. Her book Fire the Haters: Finding the Courage to Create Online in a Critical World helps creatives and entrepreneurs share their best work with the world. She hosts the Everyday Courage Podcast. Her husband and she live in Montana, near Glacier National Park with their 5 kids. She's an avid traveler and drinker of hot tea. Resources: Fire the Haters: Finding Courage to Create Online in a Critical World (affiliate link) by Jillian Johnsrud FIRE Movement Chris Brogan Connect with Jillian jillianjohnsrud.com Facebook Instagram Connect with Melanie mentalhealthandwealth.com melanielockert.com Instagram Contact: mentalhealthandwealthshow@gmail.com Want more content and support? Sign up for the Mental Hump Newsletter and get our free Mental Health and Money inventory worksheet. You can sign up at MentalHealthandWealth.com. If you'd like to support the podcast, you can do so here: https://ko-fi.com/melanielockert   Follow us on Apple Podcast or Libsyn! Love the podcast? Leave a review on iTunes!

Listener Tara shares about life in the Yukon with a disability—and how it got her started on the path to FI.

It's ChooseFI's first live radio show! Recorded live on Tuesdays at 7:30 pm Eastern using an app called Stereo, the live shows will be replayed for the Friday Roundup episode. The topic of this interactive live show is: “What is stopping you from reaching financial independence?”. Lorraine has a question about allocation and investing in one of Vanguard’s funds like VTI or VTSAX but the answer is situation-dependent. It’s important o know the investing timeline Lorraine is looking at, but hopefully, it’s investing for the long-term. Investing for the long-term provides for the highest likelihood of success. However, it’s money needed for something critical like an emergency fund, maybe consider keeping what you need in a savings account and investing the rest. Other factors to consider are risk tolerance, net worth, job security, and whether you have an emergency fund. How sacred you were in March is a good indicator of your risk tolerance. The right allocation will allow you to sleep at night, be confident in your plan, and stay the course. The best thing to do is take action and get invested without getting hung up on the details. Keeping your expenses low with low-cost broad-based index funds, like total stock market or S&P 500 index funds, make a significant difference over your investing lifetime. Getting to the point where you can make work optional can often seem like luck. However, the FI community believes we have the power to impact change in our lives and in our communities. Taking small actions to optimize and seeing that you can still live a life without a feeling of deprivation becomes a motivating positive feedback loop. No matter how much you earn, the message of FI can be valuable. If you are living paycheck-to-paycheck, it doesn’t matter how much you earn. You need some amount of gap between what you earn and what you spend. Growing the gap by cutting expenses is usually the most effective place to start, but you can widen the gap by earning more as well. It doesn’t mean going back to school or taking on a second job delivering pizzas. One way to increase your income is by negotiating your salary. If you research the highest paying professions, the search leads to a list of six-figure careers, however, the return on investment in these career paths is not what it seems. They may require a significant number of years in school and the student loan debt that goes along with it. Today it’s possible to skip a degree program in favor of a certificate program and land a high-paying job in less time and at less expense. Matthew has been listening to the show for about six months. One question he’s had is how people are retiring early when you cannot withdraw from retirement accounts without a penalty until you reach the age of 59.5. There are strategies for investing in retirement accounts where it goes in tax-free, grows tax-free, and is withdrawn tax-free ahead of the traditional retirement age. Investing in something like a traditional 401K account lowers your taxable income and gives you a current tax deduction. Once you reach FI and decide to not work anymore and are living off savings, you are earning $0. You can at that time pull take money from your 401k and convert it into a Roth IRA, an after-tax account, in a process known as a Roth IRA Conversion Ladder. The conversion is a taxable event, however, your earned income is $0 so the only amount subject to tax is what you convert. Even then, the total amount won’t be taxed. You can still take the standard deduction and only be taxed on the remainder at the lowest possible marginal tax rate. The account will then grow tax-free. Another method to access 401K retirement funds a few years earlier is with Rule of 55. One listener wants to know what other podcasters or influencers Brad and Jonathan follow. Brad’s long-time favorite is The Tim Ferris Show, Dr. Peter Attia’s The Drive, and Naval. Jonathan’s podcast listening tends to be focused on what will help build his talent stack. On YouTube, he likes Real Coffee with Scott Adams. The book by Scott Adams, How to Fail at Almost Everything and Still Win Big, had helped Jonathan change his mindset. He went from fearing failure, to understanding there is a process and failure is completely fine. Brad thinks the best podcast that exists is Armchair Expert with Dax Shepard. Listener Josh left a voicemail saying the episode featuring the Millionaire Educator and the mentality of keeping money on your side of the ledger was one of the most impactful shows for him. The Millionaire Educator learned the rules and used them to his advantage to reduce his tax rate to zero. When the question of dream podcast guests came up, Jonathan says he’s going to reach out to Scott Adams, while Brad’s dream guest would be Mark Cuban for his open-minded and entrepreneurial spirit. Send in your ideas for who you’d like to hear on the show. The next voicemail asked when is the best to move from 100% equities to bonds if you are about halfway to FI. Jonathan projects he’ll be at FI within 10 years and currently doesn’t have anything in bonds. He thinks he would make the move to become more conservative once he has a clear exit date in mind, such as within five years. The conventional split is 60% stocks and 40% bonds, but it should match your risk tolerance. Brad mentioned that Big Ern discussed how paying off your mortgage is an alternative to holding bonds in your portfolio. Although Brad has reached FI, he doesn’t have any bonds either. He thinks a young adult with a long time horizon, equities have the highest likelihood for maximizing net worth. If you can reduce your structural expenses at the point of retirement, it could act as a substitute for having bonds. Passive income is another alternative. Jonathan is currently allowing his equities to continue to grow, but before he retires, he will pay off his mortgage and get rid of that structural expense. Resources Mentioned In Today’s Conversation Join the live show at ChooseFI.com/live. ChooseFI Episode 147 Negotiate Your Salary with Tori Dunlap ChooseFI Episode 211 How to Negotiate Your Salary Without Burning Bridges with Financial Mechanic Learn more about the Roth IRA Conversion Ladder. ChooseFI Episode 297 From Pandemic Layoff to 100K+ | A Salesforce Success Story Find out more about the Salesforce 5-Day Challenge. The Tim Ferris Show The Drive Nav.al Real Coffee with Scott Adams How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life by Scott Adams Armchair Expert The Prof G Show ChooseFI Episode 013 The Unfair (FI) Advantage of Teachers | 457(b) ChooseFI Episode 019 The Stock Series Part 1 JL Collins ChooseFI Episode 066 The Emergency Fund…Is it a Bad Idea? | Big Ern ChooseFI Episode 035 Sequence of Return Risk | Big Ern Early Retirement Now: Why We Will Not Have a Mortgage in Early Retirement 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.      

Should you rush to reach FI? Or use it as a map in a lifelong pursuit to master your relationship with time, money, and happiness? Brandon, from the Mad Fientist, wishes he would have found more free time to work on other goals while on his journey to FI. When Brandon was first on the show four years ago, he had just reached FI and discussed the psychological hurdles he had to overcome. What's changed for him since then, and with the benefit of hindsight, what would he do differently? Brandon's dream as a child was to write music and put it out in the world. However, his musical tastes are not mainstream, so becoming a pop star was never one of his ambitions. He did not want to just be a consumer, he wanted to be a creator and always felt that it was his job that was holding him back. It wasn't until after reaching FI that he realized it wasn't was what holding him back at all. He had been spending his free time on things like television on travel instead of his music project. His problem was psychological. As a math and science guy, he didn't believe he could do it. Trying meant the risk of failure, and if he failed, the dream would be gone. It took Brandon two years to come to grips with and get over that hurdle. During his pursuit of financial independence, Brandon has tunnel vision, with all his time and effort devoted to making and saving more so that he could reach FI more quickly. The result was a decrease in his overall happiness. He admits that he did it wrong. The whole point is to master the relationship between money, time, and happiness. Mastery is probably better to focus on over goals. Goals delay your happiness because you are always looking to the future instead of enjoying the present or the journey. Reaching FI for Brandon didn't have an impact on his life other than making him more confident that he could step away from his job. Motivating yourself to do something is hard when you don't have any sort of external motivation to do it. In 2017, Brandon wanted to do two things: get better at songwriting and get fit. The personal trainer he was working with asked him how much he wanted to bench press or how much muscle mass he wanted to put on. Those were goals Brandon didn't care about. With his mastery mindset, he only wanted to get healthy and stay healthy. In contrast to getting fit, his specific goal for songwriting was to write a song and share it with his brother. When he finished it, not only was it awful, but the whole process was awful and it caused him to quit pursuing any additional songwriting until he summoned up the courage again in 2019. Pursuing mastery may be summed up by asking, “Am I better today than I was yesterday?” Continuing to answer yes is pursuing mastery. Brandon found it to be true that doing something consistently changes who you are. He never felt like a musician until he was doing it for 25 hours a week. He still feels like his triangle is skewed toward money at the expense of time and happiness so he has been trying to figure out how to use money to get more time or increase happiness. For example, he wrote eight songs and wanted to get them to sound as great as possible, so he hired a Grammy award-winning sound mixing engineer to help mix his album. He was able to both learn and make a better final product. He doesn't want to waste money but does want to figure out how to use it efficiently and maximize the triangle of money, time, and happiness. There's a lot of unconscious spending in society that doesn't really bring happiness either. Getting on the path to FI helps you sort out the equation a bit more. We're terrible at knowing what will make us happy. That's where experimenting comes in. Experiment with your spending and your activities. What still feels good a week later versus ended up being meaningless. It's okay to spend money sometimes as long as you do it from a place of value. If you are in a deprivation zone, one thing that helped Brandon was to relax for two years with respect to his spending. If it was something he and his wife wanted to do, they did it. At the end of the year, although it felt like they had lived an extravagant life, they spend just $3,000 more than normal. In the deprivation zone, you are testing the lower limits. You can test the upper limits and then hopefully find the sweet spot. It's difficult to find where the sweet spot is for you without testing the limits. Once you have the bigs things taken care of, the little ones don't seem to matter. Brandon had already limited his large structural recurring expenses. What he had given himself latitude with were the everyday one-off decisions that in aggregate, turn out to barely move the needle of his finances. Brad and his family have anchored themselves to a $2 per person per meal per day rule. It helps them to apply intentionality to their meal planning. He thinks it's better to try and optimize and then dial it back if gets to be a little too much than continue to go through life being unaware. Brandon is an introvert, so announcing publicly that he is releasing his first album is a big deal. Back when he wasn't making progress because he wasn't putting the time in, he talked his brother into going to a park and playing a show. The thought of doing it was scary, but he already knew what it was like not to it. He wanted to know what the world would be like if he did do it. While playing in the park, a man slipped Brandon his email address. It turned out he source talent for a music festival in Scotland and asked if they wanted to play at it. Brandon taking that chance in the park reminded Brad of a quote by Scott Young, “Your deepest moments of happiness don't come from doing easy things. They come from realizing your potential and overcoming your limiting beliefs about yourself”. Both financial independence and the pursuit of financial independence allow you to begin building armor. Failure is good. You have to be bad at something before you are good at it. FI definitely helped Brandon build his armor. He didn't have anyone to answer to or worry about stumbling across what he was doing. He also uses an alter ego for his work in the financial space, as well as another for his music. Something that Brand did to progress with his music was conduct an ultralearning experiment. He took three months where he blocked out all other activities competing for this attention to do the thing that he wanted to do, which was write songs. He committed to devoting 25 hours a week and built spreadsheets of prioritized tasks. He says it is the only reason he succeeded. He focused on the hours and the effort and then by-product comes out of it. For others just trying to get started learning, Brandon thinks copying what you love is a great place to start. Your unique set of influences is enough to make what you do unique. The unique skills each of them possess is what lead to this very podcast. Brad being a CPA with a travel rewards website is what got him a guest spot on Brandon's podcast. Then Jonathan heard the podcast and discovered both Brad and he lived in Richmond, which lead him to first contact Brad. Every good idea comes out of a bad idea, or an okay idea, or even a mediocre idea. You do not need to get it right the first time. The fact that you are willing to try gives you the opportunity to get feedback and iterate into something amazing. Brandon's album is available for just $5! You can pre-order your copy at ChooseFI.com/album. Resources Mentioned In Today's Conversation ChooseFI Episode 017 Mad Fientist and Origin Story James Clear “Forget About Setting Goals. Focus on This Instead.“ Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career by Scott Young 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.

Let's talk about financial independence! Up until now I've shied away from talking about the FI side of this Start Over Coder project. I've made so many wrong moves with my own money that it's like, who am I to talk about the subject with any kind of authority!? Not to mention the fact that I'm years away from seeing the outcomes of my actions…maybe I'm still doing it wrong. Plus it's just a sensitive topic! But I do think one of the main reasons why it can feel so sensitive is because people don't really talk about it, and since FI is a big part of why I started learning to code, I definitely don't want to hold anything back about that side of things. So over the next few episodes I'll share a bit about how I FI, what I'm doing to become financially independent. But before getting into the specifics, it might be helpful to know a bit of my background to get a sense of what led me to do all of this in the first place. Here's a quick recap from the podcast (listen for more context!): Pretty solid upbringing with all of the basic needs (safe home, food, education) covered. At the same time I was very aware that there wasn't extra money available for the “wants.” My “money mindset” evolved as: There isn't enough money for everything. Whatever money there is will run out. You have to work work work to earn money in order to survive. It's the only way. As a result, when I earned more, it meant I could afford more, so I just spent more. There was no big picture: no savings goals, no retirement plans, no money plans in general. I lived with this mindset for years and years, but eventually I realized that this outlook wasn't working for me. In fact, I was working for it! Literally: working for the bi-weekly paycheck that I needed to keep up the lifestyle I built for myself (not exactly music to my ears). I'll share more about what changed, and what changes I made as a result in future episodes in this series. But the biggest change was finding some goals to work towards. Financial independence means having enough income to cover all of your expenses without having to work for that income. Instead, money comes in through savings interest, investment income, businesses that generate income without your personal hours of labor…all of this is often referred to as passive income. Being financially independent gives you the freedom and flexibility to live life exactly how you want to. For me that involves a lot of travel…long-term travel ideally. And contrary to popular belief, it doesn't necessarily mean not working! I actually really like working when it means having interesting projects, solving problems, and working with interesting, dynamic people. Reaching FI means having the freedom to work only when you find work that meets these criteria. That's the kind of life I want! So with these goals in mind, how do you actually do it? I've found some ideas, and I'll talk about them in the next few episodes. Stay tuned! Show Links: SOC Episode 2: Why Learn To Code For Financial Independence? SOC Episode 4: What is FI? This episode was originally published 20 February, 2018.

with Grant Sabatier

Hello from FI Europe for another Community Friday. Today Mathias talks with a member of our community, his name is Tobias and he calls itself a lazy investor. He's an Austrian who lived in Germany and now lives in Switzerland, so we talk about how he works towards FI in these high costs countries and how the pension systems works there. We also talk about his favourite investment strategies. Enjoy!We also talk about:The value of MastersDigital acceleratorsTax regimesLife hacks in SwitzerlandCooperative flatsLooking for job in Switzerland

Welcome to another episode of the FI Europe podcast! Today we dive deep into very interesting topics like geoarbitrage, moving to the US and getting a high income salary and then potentially moving back to Europe: we’ll discuss all that and everything in between with Mr. and Mrs. NomadNumbers, sit back and have fun!We also talk about:The Simple Path To WealthInvesting between US and EuropeVanguard ETFA typical day as a FI nomadUS travel hackingUS tax benefits

In this episode, Chrissy and Ryan discuss the advantages of living in Downtown Toronto with Archie—ChooseFI Canada Facebook group admin.

Sunny and his wife are 88.92% of their way to FI at only age 28 while living just 15 minutes outside of New York City. How did they do it? They share ow to pay for collect, the Department of Defense SMART Scholarship, car flipping, and more. For more information, visit the show notes at https://choosefi.com/139

Today we talk to blogger Tanya from T on FIRE. In this episode, we find out how her journey to FIRE is unique to Atlantic Canada. Shownotes Tanya’s blog is a personal journal to keep her accountable to her FIRE goals (you’ll find very detailed FIRE reports). Her take on Real Estate and affordability in Atlantic … Continue reading "002: Reaching FI in Atlantic Canada | T on FIRE"

What is the best way a physician can reach FIRE? In this episode J talks to Jesse, a physician who is set to FIRE in 10 years. He is currently 43 with 3 children, and talks to us about his different lifestyle changes, his investment strategies and negotiation advice. You'll love that story. We also chat about... His plan and timeline for FI and his children's education The ethics of retiring early as a physician How he cut back on hours His plan on international travel Rebalancing his portfolio and his investment strategy How to negotiate from above Enjoy this chat with Jesse, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Jesse's blog: Doc of all Tradez The Physician Negotiator Unplugged Parents Physician on FIRE Seak Medicine Physicians helping Physicians Nuestros Pequeños Hermanos William Bernstein Dough Roller Episode: A to Z of the Startup Life and Cryptocurrency with Erica Amatori Crypto Zombie Youtube Krowns Crypto Cave Episode: How Negotiating Boosted My Income to a 6 Figure Salary | Financial Mechanic Stuart Diamond Key takeaways from our chat with Jesse 1 - The market for retired physicians is ready for disruption Quitting medicine early is a one way street since it's very hard to go back to being a physician once taking some time off. There are also some ethical questions behind retiring early as a physician, simply because physicians help save lives and are necessary to society, whereas someone working in the tech industry isn't as needed. However, Jesse argues that tele-medicine is already starting to be a thing, with retired physicians helping companies and individuals with their health from the internet. 2 - How to negotiate as a physician Jesse explains that physicians don't negotiate when they are first hired, causing the entire average salary to decrease. This is because in their first job interview they're happy to take anything. Jesse argues that as a physician you have a huge opportunity to earn a larger salary, even if you end at the bottom of your class. His three negotiation steps are: Use the data to prove what you're worth. Get them to like you Learn to deal with and use your emotions 3 - Rebalancing your portfolio Jesse has a slightly different investment strategy which includes rebalancing his portfolio every quarter and setting targets for bonds, alternatives and stocks. This follows a specific asset allocation strategy which offers a more balanced and personal approach to investing. Jesse also likes cryptocurrency and explains how owning bitcoin now could pay off a lot in the future. Crypto consists of 1% of his portfolio, but he advises that you should only invest what you're willing to lose. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

What is the best way a physician can reach FIRE? In this episode J talks to Jesse, a physician who is set to FIRE in 10 years. He is currently 43 with 3 children, and talks to us about his different lifestyle changes, his investment strategies and negotiation advice. You'll love that story. We also chat about... His plan and timeline for FI and his children's education The ethics of retiring early as a physician How he cut back on hours His plan on international travel Rebalancing his portfolio and his investment strategy How to negotiate from above Enjoy this chat with Jesse, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Jesse's blog: Doc of all Tradez The Physician Negotiator Unplugged Parents Physician on FIRE Seak Medicine Physicians helping Physicians Nuestros Pequeños Hermanos William Bernstein Dough Roller Episode: A to Z of the Startup Life and Cryptocurrency with Erica Amatori Crypto Zombie Youtube Krowns Crypto Cave Episode: How Negotiating Boosted My Income to a 6 Figure Salary | Financial Mechanic Stuart Diamond Key takeaways from our chat with Jesse 1 - The market for retired physicians is ready for disruption Quitting medicine early is a one way street since it's very hard to go back to being a physician once taking some time off. There are also some ethical questions behind retiring early as a physician, simply because physicians help save lives and are necessary to society, whereas someone working in the tech industry isn't as needed. However, Jesse argues that tele-medicine is already starting to be a thing, with retired physicians helping companies and individuals with their health from the internet. 2 - How to negotiate as a physician Jesse explains that physicians don't negotiate when they are first hired, causing the entire average salary to decrease. This is because in their first job interview they're happy to take anything. Jesse argues that as a physician you have a huge opportunity to earn a larger salary, even if you end at the bottom of your class. His three negotiation steps are: Use the data to prove what you're worth. Get them to like you Learn to deal with and use your emotions 3 - Rebalancing your portfolio Jesse has a slightly different investment strategy which includes rebalancing his portfolio every quarter and setting targets for bonds, alternatives and stocks. This follows a specific asset allocation strategy which offers a more balanced and personal approach to investing. Jesse also likes cryptocurrency and explains how owning bitcoin now could pay off a lot in the future. Crypto consists of 1% of his portfolio, but he advises that you should only invest what you're willing to lose. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Most early retirees will tell you that you'll most likely still make money even after retire. That's why JT decided he didn't need to reach the full 25 times his annual expense in order to quit his job and enjoy being with his family. Instead he has a runway for several years and is working on land investing to produce his main income. You'll love his story. We also chat about... Reaching FI with 4 kids The runway approach to FI JT's current assets How paternity leave gave him a taste of FI Land investing as an income His healthcare strategy Enjoy this chat with JT, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Youtube video: Land Flipping 101 for Beginners Episode: How to Create Passive Income from Etsy Digital Products | Mastermind Update Camp Mustache Chautauqua UK FIREDrill Facebook group Key takeaways from our chat with JT 1 - You don't need 25 times your annual expenses to quit your job JT tells us that when attending a Camp Mustache, most early retirees told him that he'd still make money even after he was retired. After hearing this he decided to take the runway approach to FI; saving up for several years, quitting his job but still working 10-15 hours a week on a different project that will produce revenue. He is nowhere near meeting the 4% rule, but that's absolutely fine with him because he's still making money and has several years saved up in case the projects don't work. 2 - How JT quit his job 2 weeks ago JT started talking to his boss about quitting in December of 2018, giving his company a good amount of time to find a replacement. Gwen explains that many people fall into two camps when quitting a job; either telling their boss well in advance and helping them find a replacement, or letting them know 2 weeks before quitting. This is really because it depends on the relationship with the manager and boss. JT tells us that he was lucky to have a good boss and his excellent relationship with his managers is what allowed him to make a large amount of money from the start. 3 - Land investing as an income JT's current project is real estate investing with a twist. He sources land below market price and then sells it to the market at a discount. He explains that it's an easy model since it mostly uses all cash and the transactions are fast and easy. The hard part is finding the land at below market place. So far he's done deals on 16 properties and it takes him 3 months or so to sell them off. This is a great model since he explains that he gets cashback and residual income, and can expect at least a 100% return. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Most early retirees will tell you that you'll most likely still make money even after retire. That's why JT decided he didn't need to reach the full 25 times his annual expense in order to quit his job and enjoy being with his family. Instead he has a runway for several years and is working on land investing to produce his main income. You'll love his story. We also chat about... Reaching FI with 4 kids The runway approach to FI JT's current assets How paternity leave gave him a taste of FI Land investing as an income His healthcare strategy Enjoy this chat with JT, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Youtube video: Land Flipping 101 for Beginners Episode: How to Create Passive Income from Etsy Digital Products | Mastermind Update Camp Mustache Chautauqua UK FIREDrill Facebook group Key takeaways from our chat with JT 1 - You don't need 25 times your annual expenses to quit your job JT tells us that when attending a Camp Mustache, most early retirees told him that he'd still make money even after he was retired. After hearing this he decided to take the runway approach to FI; saving up for several years, quitting his job but still working 10-15 hours a week on a different project that will produce revenue. He is nowhere near meeting the 4% rule, but that's absolutely fine with him because he's still making money and has several years saved up in case the projects don't work. 2 - How JT quit his job 2 weeks ago JT started talking to his boss about quitting in December of 2018, giving his company a good amount of time to find a replacement. Gwen explains that many people fall into two camps when quitting a job; either telling their boss well in advance and helping them find a replacement, or letting them know 2 weeks before quitting. This is really because it depends on the relationship with the manager and boss. JT tells us that he was lucky to have a good boss and his excellent relationship with his managers is what allowed him to make a large amount of money from the start. 3 - Land investing as an income JT's current project is real estate investing with a twist. He sources land below market price and then sells it to the market at a discount. He explains that it's an easy model since it mostly uses all cash and the transactions are fast and easy. The hard part is finding the land at below market place. So far he's done deals on 16 properties and it takes him 3 months or so to sell them off. This is a great model since he explains that he gets cashback and residual income, and can expect at least a 100% return. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Reaching FI and preparing for kids at the same time sometimes doesn't go as planned. In this episode we hear tips and tricks from our community on planning for children, the different options LGBTQ couples have and advice when it comes to paternity leave. You'll love this episode. We also chat about... Family timing and tips Why it can be dangerous to wait too long The different options LGBTQ couples have Why you should divide your paternity leave Working as a stay at home Dad Enjoy these tips and tricks, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Playing with FIRE Documentary Journey to Launch Financially Intentional Courtney & Nicole's Instagram House of FI Savvy History Book: The First Forty Days Financial Samurai Key takeaways from our community advice 1 - Even when you plan for children, there will be bumps on the road Planning for children can be a natural thing to do, especially in the FI community. Lynne recommends saving one year in advance if you're going to pay for daycare, and expect the cost of a child to be like a second mortgage. Jamila also recommends to pay off debt, have a home and have an FU fund before having children. Having said this, Felissa advises against waiting too long, since after the age of 30 your maternity is at a higher risk. This can be very expensive if you decide to pay for IVF, and it can harm your relationship with your partner. 2 - Work out your options as an LGBTQ couple There are quite a few options to having children as an LGBTQ couple - but it's important to plan accordingly. This ranges from adoption, to surrogacy, to adopting from a foster home. Courtney and Nicole decided to work with a fertility donor and it took quite a hit on their budget between all the missing days of work, the stress and social cost. Because they were diligent savers before they had their daughter, Nicole was able to quit her nursing job and stay home with their daughter. They've now been able to hit their FIRE number as a family of 3 but expect to add more to it when they expand their family to 4 in the future. 3 - Split your paternity leave Nicholas recommends splitting paternity leave as this helps your partner and also means you can enjoy more time with your child at different ages. It's also good to ask your company whether taking paternity leave might hinder your career - in most cases you'll be glad to know that it won't. The amount of flexibility it gives is extremely helpful. There is still a stigma around fathers taking paternity leave as well as being stay at home Dads, however people like Financial Samurai prove that people are doing it and that you shouldn't be worried of what other co-workers think. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.

Today's episode features Peter from Serbia! Our first episode with a more unusual Serbian perspective. A great episode that shows that financial independence is achievable even from different starting points. We also talk about: Serbia’s historical highlights Recession and its consequences Serbia’s tax regime Real estate investing Fully funded lifestyle change Turning off autopilot

Wealth Coach Rocky Lalvani, MBA, Enrolled Agent IRS, helps people who have financial success utilize their money to live a life of abundance. Rocky is the millionaire next door. He started out with basically nothing when his parents immigrated to the United State when he was 2 years old and his dad was 42. It was his parents second big move in life and they were starting over again to create the American dream. In spite of a lot of struggles and his Mom passing away when he was 7, he has been able to achieve financial success and wants to share all that he has learned along the way so others can achieve success much faster. THE COLLEGE GAME Hear why Rocky took his son out of school and put him in college as a Junior in High School via dual enrollment home school and why Rocky believes that the traditional idea of college may not be the best choice for our kids. Resources Discussed: Via CLEP testing high schoolers can test out of certain topics in high school. CLEP exams cover intro-level college course material in 33 subjects. A passing score on just one CLEP exam can save you 100+ hours of class time and coursework and up to $1,200 in tuition. Follow the link below to learn more. CLEP testing The Common Data Set is a standardized set of questions most often asked by parents, students, and other members of the higher education community. The stated purpose is to improve prospective students and parents experience to allow for comparing information about prospective schools on such topics as admissions, enrollment and other standardized data. Common Data set ROCKY'S BIGGEST FINANCIAL MISTAKES Rocky's two biggest financial mistakes were with his investments. Not getting involved in real estate sooner Panicking in the Stock market and chasing returns. He should have rode it out. INTERGENERATIONAL WEALTH AND MONEY LESSONS FOR KIDS I asked Rocky the question of how we can raise financially literate kids. One of the worries Rocky has based upon what he has seen as an immigrant is that the– 1st generation lays the foundation, the 2nd generation builds the wealth…3rd generation blows it all. How do we avoid that?  Making sure my kids know this is - “my money, not your money.” When giving allowance they have rules: Beginning at age five, they get $5.00. Of that, $2.00 is to spend, $2.00 is to save, and $1.00 is for charity. Then when they say, “I want that." My response is, “good you have your own money, go get it.” This teaches them delayed gratification. He cut his daughter off at college. Kids Money Mindset – they mimic you.  B/t 5-12 the critical age of when mindsets are established. Kids listen to what you DO not what you SAY. You and spouse need to be on the same page. Kids are master negotiators. GEETA'S CONVERSATION WITH HER DAD If you wanted to hear more about the episode with Rocky’s daughter, Geeta, follow the link below.   Some of the topics they discuss are:  The allowance system and how it taught her how to use money,  spend less and save more.  Blog post: How to get your kids out of your wallet Why she decided to home school for the last 2 years of high school. The different conferences Geeta was able to attend and what she learned. Roth IRA’s for kids and the power of compound interest. Blog post: I gave my kids $200,000 for Christmas The college choice conundrum. http://richersoul.com/ep-0072-intentionally-raising-financially-savvy-kids-with-my-daughter-geeta/ If you want to connect with Rocky....Rocky’s weekly podcast can be found at http://richersoul.com/ and you can email him at rocky@richersoul.com.

A very interesting episode brought to you today with Erik from the USA! We chat about the differences between reaching FI in the US versus in Europe, his house-hacking strategies and entrepreneurship on both sides of the ocean. What we talk about: The FIRE movement in the US vs in Europe Entrepreneurship is easier in the US House hacking The pros and cons of reaching FI in Europe

Hoi hoi! Today we have an awesome guest from the Netherlands! Mr Cheesy reached FI this year in April, so we discuss how he did this in Holland, what he really does all day and what saving €€ is really all about. Full Shownotes: http://bit.ly/fieurope019 What we talk about: Mr Cheesy’s intro to FI What he does all day The Cheesy Index and the Dutch tax system Saving 100k€ His awesome Europe trip

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

In today’s episode we interview Jorgen from Denmark about peer to peer lending, how to do your p2p lending research and diversifying your portfolio with real estate. An awesome episode. What we talk about: Reaching FI in Denmark P2P lending and what it’s about The best research strategy Crowdlending vs index funds How to get started with p2p Real estate His FI journey

Real estate is the golden key to passive income. How can you use it to reach FI? Chad Carson got started with real estate right out of college. Him and his business partner started flipping houses and securing good deals on houses. Now he owns 90 properties and does amazing mini-retirements (in Ecuador!) while teaching others about real estate on his blog. You'll how interesting his story is. We also chat about... Why and how you should treat real estate like a business How Chad picks houses How he got to FI What he manages currently Chad's 17 months in Ecuador Medical costs overseas Enjoy this chat with Chad, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Chad's website: Coach Carson Chad's Real Estate Start School (the course closes on the 18th, but you can get on the waitlist) Chad's 7-day free real estate course. Realtor app Retire Early with Real Estate