Catching Up to FI – Details, episodes &amp; analysis

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Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.) Website Your Money or Your Life Order Book- Your Money or Your Life Coming of Age Substack YouTube- What Could Possibly Go Right

Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.

Millennial Revolution is in The House! | Kristy Shen, Bryce Leung & Little Matchstick | 93

Episode 93

dimanche 25 août 2024 • Duration 01:06:57

Kristy Shen and Bryce Leung are the dynamic duo behind the Millennial Revolution blog and movement. In this insightful episode, Kristy and Bryce discuss their journey from house-hunting to achieving Financial Independence (FI) and retiring in their early 30s. They delve into why they chose to reject traditional housing and career advice, their innovative 'POT Score' (Pay Over Tuition) method for evaluating education costs, and how they handle investments to maintain their FI lifestyle—despite new challenges like parenting. Discover their interesting perspectives on scarcity vs. abundance mindset, and how the FIRE approach has impacted their personal lives, relationships, and travel adventures. This episode is packed with financial wisdom and real-life experiences that will inspire late starters and aspiring FI enthusiasts alike.

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Millennial-Revolution

Quit Like A Millionaire

Little Miss Evil

CBC News Segment

🕒 Time stamps:

00:00 The Unexpected Path to Financial Independence

00:24 Challenging Traditional Financial Advice

02:20 Introduction to the Guests: Christy Shen and Bryce Leung

04:53 Parenting and Financial Independence

05:52 Financial Strategies for Raising a Child

07:19 The Importance of Geographic Arbitrage

09:42 The Pay Over Tuition (POT) Score Explained

12:14 Balancing Financial Independence with Family Priorities

17:36 The Impact of FIRE on Personal Relationships

19:08 Scarcity Mindset as a Superpower

25:52 Overcoming the Fear of Investing

28:15 Investment Strategies for Canadians

34:07 Mitigating Sequence of Return Risk

36:32 Navigating Early Retirement Challenges

38:50 Understanding Yield Shield Components

45:57 Philosophy on Housing and FIRE

50:46 The Rule of 150 for Housing Costs

56:09 Adapting and Overcoming Challenges

01:00:19 Diversity in Books and Personal Finance

01:03:14 Final Thoughts and Reflections

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

The Power of Reinvention with The Financial Tortoise | Tae Kim | 084

Episode 84

dimanche 30 juin 2024 • Duration 01:00:47

Tae Kim, also known as the Financial Tortoise online, is a former U.S. Army captain, MBA graduate, and finance director turned successful personal finance YouTuber. He shares his journey from being $105,000 in student debt to achieving financial security and discovering the Financial Independence movement. Tae chats with Bill and Jackie about his experience reinventing himself, the importance of slow and steady progress, prioritizing values over materialism, and overcoming financial mistakes.

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Resources mentioned on the show:

Financial Tortoise

40 Reasons Why Life Gets Better After 40

Dave Ramsey

“Spend confidently on the things you love, and cut back mercilessly on the things you don’t.” - Ramit Sethi

Jeremey Schneider

Chris Hutchins

40 Things I Realized After I Turned 40

Naval Ravikant

Dr. Bobby Talks Healthspan | Dr. Bobby Dubois | 059

Better Late Than Never: A Step By Step Guide Part 1 | BiggerPockets Money Podcast | 083

Episode 83

mercredi 26 juin 2024 • Duration 36:16

Bill and Jackie were invited to join Mindy and Scott on the BiggerPockets Money podcast to go through a step-by-step process of how to get started on the path to financial independence as a late-starter, a topic highly relevant to their audience. Take a listen to this week's part one and then tune in next week for part two!

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

🎙️SquadCast: The Cloud Recording Studio that Producers, Listeners, Guests, Creators, YouTubers Love & Trust

Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.

Resources mentioned on the show:

BiggerPockets Money

Monarch Money

Empower

Can Prenups Really Save Your Marriage? | Aaron Thomas | 082

Episode 82

dimanche 23 juin 2024 • Duration 59:04

Meet Aaron Thomas, an attorney, founder of Prenups.com, and author of the book "The Prenup Prescription." In perfect time for wedding season, Aaron chats with Bill and Jackie about how a proper prenup can not only protect but improve your relationship. As a former divorce attorney who helped hundreds of clients secure favorable settlements, Aaron shares his expert advice on how to build healthy, successful marriages founded on transparency and communication through loving and fair pre- and post-nups.

The Prenup Prescription: Meet the Premarital Contract Designed to Save Your Marriage by Aaron Thomas

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.

Resources mentioned on the show: As an Amazon Associate we earn from qualifying purchases.

prenups.com

How to Think About Time: A Humble Legacy | Jonathan Clements | 081

Episode 81

mercredi 19 juin 2024 • Duration 01:29:01

Today we're rerunning our episode with Jonathan Clements who is a dear personal friend and a friend of our community. He recently posted on his blog, HumbleDollar, about his final lap around the sun yesterday. Let’s send him our love.

The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed by James M Dahle

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.

Resources mentioned on the show: As an Amazon Associate I earn from qualifying purchases.

The C Word

Humble Dollar

Saving Our Retirement by Bill Yount

How to Think About Money by Jonathan Clements

My Money Journey: How 30 People Found Financial Freedom - And You Can Too by Jonathan Clements

What is the Easterlin paradox?

Catching Up to FI Episode 039 with Mark Trautman

Catching Up to FI Episode 019 with Fritz Gilbert

Catching Up to FI Episode 022 with Jordan Grumet

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life by Jordan Grumet

The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life by George Kinder

Green Makes Green | Kyle Landis-Marinello | 080

Episode 80

dimanche 16 juin 2024 • Duration 01:01:26

Kyle Landis-Marinello is a practicing attorney specializing in environmental and energy law. Bill and Jackie dive deep with Kyle into topics such as socially responsible investing, student loan forgiveness, and his book, Personal Finance and Investing: How Anyone can Make More, Spend Less, and Invest Wisely. We also learn about Kyle’s unique financial journey to improve his family’s finances without compromising his values.

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Personal Finance and Investing: How Anyone can Make More, Spend Less, and Invest Wisely by Kyle Landis-Marinello

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine Advice-Only Financial Advisors

Resources mentioned on the show: As an Amazon Associate I earn from qualifying purchases.

F.I.R.E. for Dummies by Jackie Cummings Koski

CampFI

studentaid.gov

Ramit Sethi

Environmental, Social and Governance (ESG) Investing

Simple Path to Wealth by JL Collins

Socially Responsible Investing: Is It Also More Profitable? Article by Mr. Money Mustache

Mr. 1500 Days

Indiana Jones and an Extraordinary Life with the Donegans | Alan and Katie Donegan | 079

Episode 79

dimanche 9 juin 2024 • Duration 01:09:26

Meet the dynamic duo, Alan and Katie Donegan! The Donegans, known for their Rebel Finance School and Rebel Business School, share their insights on living an extraordinary life, both financially and personally. From defining what “extraordinary” means on an individual level to the importance of financial independence and entrepreneurship, Alan and Katie's passion for helping others shines through. Bill, Jackie, and the Donegans dive into practical steps to improve financial health, build a debt-free business, and create a life by design. They also explore the significance of continuous self-motivation, the power of asking the right questions, and how to blend traditional financial wisdom with a rebel mindset. Tune in to get inspired and learn how to never compare your pineapples!

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The Rebel Business School

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine Advice-Only Financial Advisors

Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.

Resources mentioned on the show: As an Amazon Associate I earn from qualifying purchases.

Rebel Finance School

The Donegan’s YouTube

Notes from a Friend: A Quick and Simple Guide to Taking Charge of Your Life by Tony Robbins

Wheel of Life

CyberFI and the FBI | Donna Peterson | 078

Episode 78

dimanche 2 juin 2024 • Duration 01:15:37

Donna Peterson is a retired supervisory special agent and joins Bill and Jackie to cover the essential topic of internet and financial security. Drawing from her extensive background in combating cybercrime with the FBI, Donna shares her expert advice on how to secure personal and financial information against common hacks, the importance of two-factor authentication, and best practices for digital hygiene. Donna also gives practical tips on using password managers, safeguarding email accounts, and navigating the complexities of online privacy and data breaches.

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.

Resources mentioned on the show:

Scamalot! | Paula Pant | 066

FinTalks

Internet Crime Complaint Center

FBI Internet Crime Report 2023

Cloudflare

Private Internet Access

The Life and Death of The 4% Rule | Christine Benz | 077

Episode 77

dimanche 26 mai 2024 • Duration 01:10:49

Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar. Christine shares her extensive insights into retirement planning, emphasizing the flexibility and adaptability of the 4 percent guideline over the rigid 4 percent rule. She discusses the value of variable withdrawal strategies, the importance of personalizing one's retirement plan, and tackles the nuances of various saving vehicles like HSAs. Bill, Jackie, and Christine also chat about the sequence of returns risk and offer practical advice on asset allocation and preparing for healthcare costs in retirement. Additionally, she highlights the significance of community and working in retirement for financial and non-financial well-being, along with a sneak peek into her upcoming book and the Bogleheads conference.