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Explore every episode of the podcast ChooseFI | Financial Independence Podcast

Dive into the complete episode list for ChooseFI | Financial Independence Podcast. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.

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TitlePub. DateDuration
506 | ProjectionLab | Kyle Nolan26 Aug 202401:02:48

In this episode: entrepreneurship, side hustles, overcoming fear, community, sharing and maintaining passion projects.

This week we are joined by Kyle Nolan, creator and founder of ProjectionLab, where we will be discussing how he left his 9 to 5 to pursue a passion project, some of the challenges and realizations he's faced while creating his software, as well as the importance of investing in your interests regardless of the risk or self-doubt you may feel. The journey to FI offers many things, such as freedom and autonomy to pursue new things, but it's important to remember that you don't have to wait until you reach FI to start investing in things that are of value to you! By pouring yourself into something that interests you will always guarantee a payback! 

🔑 Key Themes Discussed:
  • Kyle's journey from traditional employment to entrepreneurship.
  • The development and impact of ProjectionLab in the FI community.
  • The role of personal passion in creating and growing a side hustle.
  • Overcoming fear and indecision when launching a new venture.
  • The importance of a supportive community in achieving financial independence.
🕒 Chapters:
  • Introduction to Kyle Nolan and ProjectionLab
  • Kyle's background and the start of his FI journey
  • The motivation behind creating ProjectionLab
  • The challenges and rewards of entrepreneurship
  • The pivotal moment of launching ProjectionLab on Hacker News
  • The significance of mental headspace in pursuing side projects
  • Brad's reflections on proof of concept and personal finance journey
  • How to encourage children to explore their passions in technology
🔗 Mentioned Links and Resources:

 

More Helpful Links and FI Resources:
505 | Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp19 Aug 202401:12:34

In this episode: debt and investing, the 4% rule, Roth 401k and traditional 401k, and total return investing.

This week we are back with a listener Mail Bag featuring returning guest Rachael Camp! Together, we will be answering questions and giving our feedback on nuanced topics asked by the community! Listen along for discussions about the 4 percent rule, how taxes are factored into your FI number, investing in dividends, paying down debt versus investing, and finally a shortlist of actionable steps one could take if they are young and beginning their FI journey. There is much to discuss and so much more to learn this week as we tackle your FI questions! 

Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies.

🔑 Key Themes Discussed:
  • Introduction to Financial Independence
  • Debt vs. Investing
  • The 4% Rule and Taxes
  • Roth 401k vs. Traditional 401k
  • Dividends vs. Total Return Investing
  • Second Generation FI
🕒 Chapters:
  • Getting Started with FI
  • Debt vs. Investing
  • 4% Rule and Tax Implications
  • Roth 401k vs. Traditional 401k
  • Dividends vs. Total Return Investing
  • Second Generation FI
🔗 Mentioned Links and Resources: More Helpful Links and FI Resources:
496 | Mailbag: Roth vs. Trad, $35k Roth to 529, Combining Finances | Rachael Camp17 Jun 202401:11:48

In this episode: roth versus traditional IRA, second generation FI, FI and newlyweds, and retirement planning optimization.

This week we are diving back into the listener Mail Bag with our returning guest Rachael Camp to answer questions from the community! Today we will be discussing the differences between Roth and Traditional IRAs and the future variables and factors you should consider, as well as discuss the new rules and considerations surrounding 529 plans and how to best financially plan when considering your children and your spouse. Listen along as YOU, the community, dictate the conversation with your hot-button FI questions! 

Rachael Camp:

Please note:

Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies.

Resources Mentioned In Today's Episode: More Helpful Links and FI Resources:
406 | 18 Months of Massive Action | Josue07 Nov 202201:17:53

In this episode: taking action, asking questions, navigating information, getting to where you want to go, the reason we learn, and growth mindsets!

Beginning your FI journey often means facing a lot of unfamiliar knowledge being thrown at you. With all the resources and alternative information provided, we know firsthand that it can be overwhelming. However, you should not feel intimidated to start your FI Journey! This week we are joined by an avid ChooseFI listener Josue to discuss the power that comes with learning new information, as well as the importance of taking action from information presented! No matter what financial or educational background you come from, your FI journey starts from a personal square one. Whether the information and knowledge presented from this journey is completely new or relatively familiar, there can be a sense of motivation that can be gained from continuing this journey! If you are searching for early FI excellence defined, then look no further than Josue!

Timestamps:

  • 1:48 - Introduction
  • 2:41 - 18 Months Ago...
  • 5:53 - What Made You Chase FI?
  • 10:43 - Taking Action and Asking Questions
  • 17:30 - Growth Mindset and Changing
  • 20:07 - Navigating Information/Combatting Echo-chambers
  • 33:07 - Getting Where You Want To Go and How Josue Did It
  • 39:40 - The Cost of Not Knowing
  • 42:43 - Retirement Accounts
  • 51:50 - This is Why We Learn/Life Insurance
  • 56:36 - Leasing Cars
  • 60:16 - Savings Rate Based On Value
  • 65:47 - Josue Takes The Hot Seat
  • 77:09 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

405 | Matt & Meg | Households of FI Update04 Nov 202201:10:49
404 | Just Keep Buying | Nick Maggiulli31 Oct 202200:48:50

In this episode: income-producing assets, REITs, the 4% rule, optimal spending, saving too much, and why you will never feel rich.

It is believed that in order to reach FI, cutting expenses and limited spending seems like the ideal way to your end goal, but are you missing out on ways to spend-to-earn because it feels right? Well, this week we are rejoined by friend of the show and guest host Brian Feroldi to interview Nick Magguilli, author of the excellent book Just Keep Buying: Proven Ways to Save Money And Build Your Wealth. Together we discuss using data to grow your wealth and fighting the stigmatization of spending your money. On the journey to FI it is easy to focus more on saving so much that we're afraid to spend, however, by not spending we could be missing out on assets, both monetary and non-monetary, that could bring us greater fulfillment in the present and future! By rethinking your approach to spending, rather than looking at it as something that is negative, you may find that your money can go farther for you when its spent rather than saved! 

Nick Maggiulli

Brian Feroldi

Timestamps

  • 1:29 - Introduction
  • 2:31 - Just Keep Buying
  • 9:27 - Income Producing Assets
  • 10:55 - Macro-Level Mind Changers
  • 14:08 - REITs
  • 16:57 - You Can Save Too Much?
  • 21:40 - How Nick Thinks Through The 4% Rule
  • 26:20 - Spending Optimally
  • 30:59 - Catching Up Financially Through Exercise
  • 34:01 - Examining 401k Maxxing
  • 38:47 - Saving Raises
  • 41:50 - Why You Will Never Feel Rich
  • 46:16 - Investment Properties & Nick
  • 47:55 - Conclusion

Resources Mentioned In Today's Episode

More Helpful Links and Resources:

403 | Alignment & Adjustments | Scott & Taylor Rieckens24 Oct 202201:07:35

In this episode: balancing deprivation and happiness, making adjustments, everything is negotiable, the evolution of alignment, adjusted awareness, and intentionality in community.

Five years ago, Scott and Taylor Rieckens publicly began their path to FI by creating the fantastic documentary "Playing With FIRE." The documentary depicts their life as they start out and navigate the early stages of their FI journey, which is often the period of time when we act our most frugal, cut as many expenses as possible, and in turn save as much as we possibly can! While this kind of lifestyle is a great jumping off point early in the FI journey, oftentimes people find this lifestyle to be limiting and ultimately detrimental to their own happiness. Now that Scott and Taylor are significantly further down the path compared to the last time we heard from them, we decided to have them return to the show to discuss the adjustments they have made in their lifestyle in order to live in a manner that fully aligns with their idea of a happy life! Remember, FI isn't suppose to limit your ability to be happy, rather it exists to enhance your life and help you find fulfillment as progress down the road less traveled.

Scott and Taylor Rieckens:

Timestamps:

  • 1:59 - Introduction
  • 2:38 - What Makes You The Most Happy?
  • 8:41 - The Evolution of Alignment and Adjusted Awareness
  • 18:30 - The Craziest 36 Months
  • 23:13 - Revisiting What's Important After Evolution
  • 35:05 - Balancing Deprivation and Happiness
  • 37:58 - Making Adjustments
  • 43:03 - Decisions Are Based On The Information You Have
  • 49:57 - Wonderful Evolutions and Learning Together
  • 51:23 - Everything is Negotiable
  • 57:02 - Everybody is the Star of Their Own Movie / Intentionality in Community
  • 66:34 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

402 | Vivian | Households of FI Update21 Oct 202200:42:12

In this episode: the beauty of community, misleading expectations, doing what's best for your situation, and stress reduction.

The Journey to FI is hardly linear and is full of ebbs and flows. While it may seem easier to share your wins/successes within this community, we know it can be even harder to share the moments of this journey that feel like setbacks. On this week's installment of the Households of FI series, we are joined again by Vivian to fill us in on how her FI journey is going, and the importance of finding support within this community. Everyone's FI journey is unique to them, but it doesn't mean that you are alone! The beauty of FI is that it offers you a community to share your successes, as well as share your struggles. By being vocal and unafraid to admit that you are having a hard time, you are not only sure to garner support from others facing similar battles, but can find a renewed sense of motivation to make you feel more accountable and present on this journey! 

Timestamps:

  • 1:57 - Introduction
  • 4:14 - The Beauty of Community
  • 7:56 - Expectations Are Misleading
  • 13:37 - It's Not Black and White, Do What's Best For You
  • 18:30 - Ask For What You Deserve
  • 22:10 - Reducing Stress and Addressing Your Situation
  • 28:51 - Life Is Not A Straight Path
  • 31:02 - Retirement Withdrawals and The Market
  • 38:33 - You Are Not Alone
  • 40:14 - Conclusion

Resources Mentioned In Today's Episode: 

More Helpful Links and Resources: 

401 | Court from Modern FImily Returns17 Oct 202201:06:01

In this episode: finding unknown opportunity, creating your lifestyle as you go, overcoming the down period, real estate renting, and what reaching FI looks like.

Once you've set your FI number and put plans into action, it's tempting to want to do everything in your power to reach that goal as soon as possible, potentially by working longer hours or cutting out expenses in your life in order to save more. But by doing this are you cultivating the lifestyle you want to live after your goal is met? On this week's episode we are re-joined by Court from Modern FImily to update us on her FI journey, the changes she has made over the last few years, and her rewarding takeaways from being flexible on her journey. The beauty of FI is that it is a personal journey, and it's one YOU create to reflect YOUR lifestyle! It is important to remember that by rushing to meet your goal, you may be adding more stress than needed, and missing out on the lessons, hacks, and new opportunities (or use experiences) that come with starting this journey! 

Court From Modern FImily

Timestamps

  • 1:51 - Introduction
  • 2:28 - Update From Courtney
  • 8:22 - Testing to Find Unknown Opportunity
  • 14:19 - Creating Your Lifestyle on the Journey
  • 20:10 - Overcoming the Down Period
  • 25:27 - What Do You Want Your Life to Look Like?
  • 28:30 - Finding Free Activities
  • 37:03 - Annual Passes and Finding Groups
  • 41:25 - Real Estate Renting and Simplicity
  • 48:37 - Flexibility and Taking Advantage of Whats Available
  • 52:04 - What Reaching FI Looks Like
  • 64:23 - Conclusion

Resources Mentioned In Today's Episode

More Helpful Links and Resources:

400 | Zach & Marilyn | Households of FI Update14 Oct 202200:58:48

In this episode: house hacking, benefits and compensation packages, earning extra income and side hustles, and not setting perfection as your goal.

We know achieving FI doesn't happen overnight, and rarely does it happen perfectly according to plan. Life happens, changes happen, and uncertainty usually finds a way to throw you off your planned path. This shouldn't be something to fear! Today in the Households of FI series we are joined again by Zach to fill us in on how his FI journey has progressed over the last couple years, as well as to discuss the importance of re-adjustment! While failure is never an easy thing to accept, the fear of failing may deprive you of some excellent learning opportunities. By remaining intentional with your FI plan rather than striving for perfection, you will allow yourself to overcome uncomfortable lulls and expand your journey to places you might not have thought were possible! 

Timestamps:

  • 1:51 - Introductions
  • 4:45 - Zach and Marilyn Update
  • 7:16 - House Hacking and Limiting Expenses
  • 13:30 - Life is Lumpy, Perfection Isn't The Goal
  • 21:39 - Examining The Whole Compensation Package
  • 31:40 - Earning Extra Income
  • 40:15 - Zach's 6 Year Path To FI
  • 46:21 - If You Weren't Afraid, What Would You Do?
  • 53:15 - Being Open to Exploring
  • 56:53 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

399 | Money with Katie | Katie Gatti10 Oct 202201:08:22

In this episode: finding purpose, misaligned values, being the product of your environment, the stock market as a source for wealth building, and modern two-player mode.

We encourage our listeners that there is no wrong age to start your FI journey, but for those of you starting your FI journey as a young adult, the firehouse of foreign information can feel overwhelming. Sometimes it may even seem as if you're too far behind to even start! The good news is, you're not! Today we are joined by Katie Gatti from Money With Katie to talk about how she navigated FI in her early 20s, and how she used a lack of knowledge as a motivator to get to a place of financial independence. Everybody starts this journey at a different place in their life and no two people are the same. By being patient and finding value in learning something new, you are certain to find yourself more motivated on your FI journey!

Katie Gatti

Timestamps

  • 1:36 - Introductions
  • 2:09 - Katie's FI Journey
  • 8:32 - Finding Meaning and Purpose
  • 11:53 - Misaligned Value and Personal Finance
  • 18:58 - Katie's College Decision and Education
  • 25:03 - Forming Yourself as the Product of Your Environment
  • 31:40 - It's Never Too Late For FI
  • 39:03 - The Stock Market as a Means of Wealth Building
  • 49:09 - Modern Two-Player Mode and Setting Financial Expectations
  • 55:41 - Katie Takes The Hot Seat
  • 67:07 - Conclusion

Resources Mentioned In Today's Episode

More Helpful Links and Resources:

398 | Troy & Lindsay | Households of FI Update07 Oct 202200:59:23

In this episode: career changes, up-skilling, re-prioritizing, accruing debt for value, childcare, and emergency funds.

The journey to FI is never linear. Sometimes we can find ourselves thinking the only way to meet our goals is to follow a strict plan, which can make adjusting said plan feel like a daunting set back. Well, our returning Households of FI guests Troy and Lindsay believe that flexibility during ones journey to FI can provide you with tremendous value! Making changes in your life, whether it's accruing temporary debt or changing careers, can actually lead to big time payoffs! While it may feel more secure to have a set trajectory with your financial goals, we know life gets in the way! So instead of sticking with a plan that isn't making you happy, try to stay flexible and evaluate all your options! 

Timestamps:

  • 1:34 - Introductions
  • 4:55 - Troy and Lindsay Update
  • 12:10 - Avoiding Over Optimization
  • 18:49 - Up-Skilling & Career Changes
  • 27:56 - Upgrading Income and Re-evaluating Priorities
  • 36:15 - Accruing Debt for True Value
  • 40:20 - Emergency Funds
  • 42:58 - Going On Autopilot
  • 46:00 - Expenses and Childcare
  • 50:34 - Evaluating Your Work and Worth
  • 53:14 Raising FI Children
  • 58:54 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

397 | Securing Your Financial Life03 Oct 202201:16:31

In this episode: cybersecurity, password managers, two-factor authentication, safely navigating the internet, and more hot-seat questions!

Have you ever considered how secure your finances are in the modern world? Within the cyber-dominated world we are all living in, it can be tough to stay on top of updates, passwords, and other necessary resources that help us keep our digital footprints safe. Well in order to provide you all with some high-level tips and tricks to stay ahead of the curve, we decided to have long time listener and cybersecurity expert Tom on the show this week to discuss how you can secure your online life. Keeping yourself secure and your assets safe is one of the best ways to ensure a progressive future as you move forward in the digital era while on your FI journey!

You can find the link to Tom's Facebook thread here!

Timestamps:

  • 1:44 - Introduction
  • 2:52 - Passwords and Password Managers
  • 13:22 - Two-Factor Authentication
  • 22:03 - Email Links
  • 28:38 - Cyber Financial Risks
  • 34:57 - Surfing The Web Safely
  • 39:14 - Antivirus Software
  • 43:57 - Public Wifi, Back-ups, and High-Level Tips
  • 55:18 - Look Out For Elderly Loved Ones
  • 58:38 - Tom Takes On The Hot Seat
  • 75:01 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

495 | The Lazy Landlord | James Lowery10 Jun 202401:08:21

In this episode: real estate, lazy landlording, attracting the right tenants, finding ideal situations, and traveling.

This week we are joined by returning guest James Lowery to discuss his "lazy landlord" concept to streamline and simplify real estate investing as well as set processes in place that not only make your life easier as a landlord but make it easy for your tenets as well! If you are on the FI journey and curious about adding real estate into your portfolio, whether it be long or short term rental properties, there are ways to make it a more simple process than you might think. With some planning and intentional action, the lazy landlording life could be well within your grasp!

James Lowery: Resources Mentioned In Today's Episode: More Helpful Links and FI Resources:
396 | The Valuist | Bo Loy26 Sep 202201:20:45

In this episode: evolution, knowing the rules, making purposeful decisions, automation, and the return of the hot seat!

In the advent of making money, oftentimes we can find ourselves torn between a state of over-saving through budgeting and cutting expenses, and over spending just because we have the means to. But is that what we really are looking for in our respective FI journeys? With thoughtful planning and proper action maybe we can happy medium between the two that doesn't feel over invasive. Today we are joined by Bo Loy to discuss the concepts of finding adventures that don't break the bank, purposeful decision making, and the perks of automating your money. Also we heard your feedback! Back by popular demand this week, Bo Loy will be answering questions in our freshly renewed segment, The Hot Seat!

Timestamps

  • 1:26 - Introduction
  • 2:23 - Evolution and Perspective
  • 9:12 - It All Adds Up
  • 14:22 - Reviewing, Insurance, and HSA
  • 24:11 - Knowing the Rules
  • 32:00 - Tax Loss Harvesting
  • 37:45 - Making Purposeful Decisions
  • 44:02 - Finding Free Adventures
  • 49:01 - Automation
  • 66:17 - The Hot Seat Returns
  • 79:10 - Conclusion

Resources Mentioned In Today's Episode

More Helpful Links and Resources:

395 | The Debtist Finds Balance in FI19 Sep 202200:48:30

In this episode: student loans, the impact of knowing, navigating the pandemic, the power of planning, and the freedom of FI!

Tens of millions of people deal with student loan debt, and even with the recent news of loan forgiveness, there are still many who are left unequipped with the knowledge of the best ways to repay these debts without sacrificing from their lifestyle. Today we are rejoined by Samm, aka "The Debtist," to get an update on how she has been navigating paying off her student loans, as well as how her financial mindset has changed over the last 4 years. Just because you take on debt does not mean you have to deprive yourself of the life you want until the debts are paid off! By changing your mindset to one of abundance of opportunity rather than scarcity of opportunity, the path to FI can open many doors for you! Paying down your loans, entering into new professions, and not letting your money control your ability to find happiness are all just examples of what is possible while getting yourself out from debt!

The Debtist:

Timestamps:

  • 1:25 - Introduction
  • 1:50 - Sam's Student Loan Story
  • 6:34 - Switching From IBR and The Impact of Knowing
  • 10:48 - Navigating the Pandemic Pause
  • 14:06 - The Freedom of FI
  • 17:45 - The Aftermath of the Pandemic
  • 24:56 - The Doors You Can Open By Shutting One
  • 30:51 - The Power of Planning
  • 38:18 - The End of the Pandemic Pause
  • 46:35 - Conclusion

Resources Mentioned In Today's Conversation:

More Helpful Links and Resources:

394 | From Blood Cancer to Boston Marathon | Boyd Dunleavey12 Sep 202201:13:43

In this episode: resilience, making good choices, letting go of limiting beliefs, attracting the energy you put out, and winning at life!

What would you do if you were given a terminal cancer diagnosis? While it might not be the first thing that comes to mind, if you're able, the Boyd Dunleavey option is to develop a new positive outlook on life and the energy your omitting into the world, win your fight with cancer, and then proceed to run 11 marathons. Bad news comes to every single one of us, but how we process and handle that news is entirely up to us! Choose to handle it the right way, move forward with your life, and prioritize the things that matter to you. Despite what you may have been told, you have no idea where it could lead you ten years down the road!

Boyd Dunleavey:

Timestamps:

  • 1:22 - Introduction
  • 2:49 - Choices Bearing Fruit/ Boyd's Backstory
  • 11:42 - Taking The Better Path
  • 20:04 - The News That Changed Everything
  • 24:36 - Resilience and Pivoting
  • 29:41 - You Could Be Someones Match
  • 34:20 - Attracting The Energy You Put Out
  • 39:16 - The Places Your Energy Can Take You
  • 47:27 - The Boston Marathon
  • 51:07 - It's a Choice to Make Good Choices/Ripple Effects
  • 58:40 - Goal Setting, Financial Resilience, and Winning at Life!
  • 68:34 - Let Go of Limiting Beliefs
  • 71:00 - Conclusion

Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

393 |Travel Rewards Refresher 2022 | Lyn Mettler05 Sep 202200:59:47

In this episode: Travel Rewards, Credit Cards, and The Value of Rewards Points.

We all know that it can be expensive to travel, and sometimes the joy and excitement of taking that long-awaited family vacation can be overshadowed by the cost of taking the trip. But what if there was a more efficient way to travel that doesn't feel like you are breaking the bank? Well, with effective planning and the right tools this is entirely possible! This week we are once again joined by Lyn Mettler who will discuss to maximizing your spending in a way that does not deprive you, but rather rewards you!

Lyn Mettler:

Check Out Lyn's Free eBook How to Earn the Southwest Companion Pass!

Timestamps:

  • 1:30 - Introduction
  • 3:50 - Credit Cards
  • 7:50 - The Value of Points
  • 16:53 - Two-Player Mode and The 5-24 Rule
  • 20:35 - Where to Start With Travel Rewards
  • 25:03 - Limitations and Strategy
  • 31:33 - Why This Works With FI
  • 33:31 - The State of Travel Part 1
  • 37:15 - Award Charts and Wiggle Room
  • 41:28 - Points and Hotels
  • 48:25 - The State of Travel Part 2
  • 50:31 - The Booking Order
  • 58:44 - Conclusion
Resources Mentioned In Today's Episode:

More Helpful Links and Resources:

392 | Beginning of a New Era29 Aug 202200:51:19

In this episode: Unlocking Freedom, The Optimized Path, Skilling Up, The Perpetual Money-Making Machine, and a New Era of ChooseFI.

It is truly the end of an era at ChooseFI. After six years, over 400 episodes, and all the laughs shared along the way, Jonathan is taking a step away from show to explore a new chapter in his life. On his way out, he and Brad hopped on the microphones as co-hosts one last time to discuss the lessons they have learned making this podcast, some key points of consideration for your FI journey, and the absolutely amazing community that has been built around this podcast. This audience truly embodies the word crowd in the word crowdsourced. Best of luck to Jonathan on all his new endeavors, and be sure to tune in next week as Brad carries the podcast into its new era!

Timestamps

  • 0:57 - The End of an Era
  • 5:00 - The Last 5 Years and The Evolution of FI
  • 12:12 - Unlocking Freedom
  • 15:57 - Math, Hope, and Time
  • 19:47 - The Optimized Path
  • 25:21 - The Perpetual Money Making Machine
  • 34:16 - Skilling Up and Education
  • 38:58 - The Value of Being Crowdsourced
  • 46:36 - Reach Out To Us!
  • 48:07 - Conclusion

Resources Mentioned In Today's Episode

If You Want To Support ChooseFI:

391 | The Student Loan Reset (Urgent Listen!) | The Student Loan Planner22 Aug 202200:32:33

In this episode: student loan forgiveness, public service loan for forgiveness, and getting closer to loan forgiveness.

How would you respond to finding out your looming student loan debts could be forgiven? Well for some of you that could be possible, but you need to act quickly! Travis Hornsby from The Student Loan Planner joins the show this week to discuss public service loans for forgiveness, and how a massive opportunity to tackle your student debt could be available to up to 25% of people with student loans, but only for a limited window of time! The deadline for applications for this waiver is currently October 31st, 2022 so listen along to see if this option can be applicable to you, and if so visit the link to book a consultation with The Student Loan Planner team ASAP!

The Student Loan Planner

Timestamps

  • 1:43 - Introduction
  • 3:04 - The Public Service Loan for Forgiveness
  • 4:51 - Public Service
  • 6:05 - The Problem This Fixes
  • 11:57 - Getting Closer to Forgiveness
  • 16:21 - Why This is Urgent
  • 21:13 - Deadline Information
  • 22:54 - Slam Dunk Case Example
  • 28:36 - Self Screening Test
  • 30:20 - Conclusion

Resources Mentioned In Today's Episode

If You Want To Support ChooseFI:

390 | Taking Stock of Your Life | Jordan Grumet15 Aug 202200:51:54

In this episode: marginal gains, prioritizing your present, purposeful living, impacting others, and goal setting.

Whether you like it or not we all will eventually die someday, and when that time comes the last thing we want to do is to look back on our lives with regret. Oftentimes in life we let expectations, outside obligations, and future ambition rule over us in the present, without fully realizing we could be living our dream life in the present! Nobody understands this more than former hospice doctor Jordan Grumet (aka Doc G) who comes back to the show to discuss the importance of finding meaning in the way we approach our goals, and how becoming more intentional and present could lead to a more fulfilling and purposeful life!

Jordan "Doc G" Grumet

Timestamps

  • 1:27 - Introductions
  • 2:30 - Sam's Story
  • 6:29 - It's Not Bout The Goals, It's about The Processes
  • 14:23 - Marginal Gains
  • 17:33 - Prioritizing Yourself
  • 23:24 - Your The Star of Your Own Story
  • 27:20 - Making Ripples and Impacting Others
  • 35:24 - What Would You Do if Money Wasn't an Issue?
  • 41:36 - Money is a Tool and Measuring Friction
  • 50:15 - Conclusion

Resources Mentioned In Today's Episode

If You Want To Support ChooseFI:

389 | The Language of Business08 Aug 202200:51:46

In this episode: interpreting financial statements, utilizing financial statements, balance sheet statements, income statements, cash flow statements, and valuing a business for its purpose.

Have you even wanted to learn the language of business? Not in a literal sense, by that we mean understanding the ways businesses communicate what their real value is to the general public and potential investors? Well if you have had this incredibly niche thought, you're definitely a member of the FI community, and you're also in luck! Brian Feroldi is back on the show to discuss financial statements and the information certain financial statements indicate, as well as act as your translator for the language of business! Understanding this language can be a massive help in your own decision making going forward!

Brian Feroldi

Timestamps

  • 1:26 - Introduction
  • 2:44 - Financial Statements
  • 5:35- Read and Interpret
  • 8:58 - The Three Main Financial Statements
  • 13:33 - Balance Sheet Statements
  • 22:09 - Utilizing Financial Statements
  • 24:06 - Income Statements
  • 30:04 - Claim on Earnings
  • 33:58 - Cash Flow Statements
  • 44:13 - Valuing a Business for it's Purposes
  • 47:22 - Not All Businesses are Equal
  • 50:16 - Conclusion

Resources Mentioned In Today's Episode

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388 | The 18-Year-Old Who Actually Listened01 Aug 202200:55:58

In this episode: college hacking, career hacking, the power of starting early, trade jobs, and salesforce careers.

How many times in the past have you been listening to this podcast and thought, "I wish I knew about this when I was younger." Well today's guest Zach actually had the foresight to start using the lessons he learned from this podcast at the ripe age of 18, and the results may be envy inducing! It's worth noting that not starting your FI journey at the age of 18 doesn't discredit you from a happy and financially independent life. But it's also worth noting that the sooner you start, the sooner you'll be able to reap the rewards, so start today!

Timestamps

  • 1:08 - Introduction and Zach's E-Mail
  • 3:03 - What were you looking for when you found the FI community?
  • 5:43 - Dual Enrollment
  • 15:06 - Evaluating Your Education Options and Expenses
  • 22:29 - Military Service and College Education
  • 26:39 - First Job Out of College and Trade Jobs
  • 35:05 - 20 Years Old, $65,000 Yearly Salary, No Debt, What Next?
  • 37:04 - The Power of Starting Early
  • 42:26 - Zach's Career Change
  • 53:31 - Conclusion

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387 | How Real Estate Investors Make it Work in High Interest Environments | Coach Carson25 Jul 202201:02:19

In this episode: real estate investing, the fundamentals of real estate investing, real estate investing variables, interest rates, and private money financing.

With today's real estate market is it even possible to get some skin in the game as an investor? While thing's aren't exactly optimal for buyers right now, if you are creative and informed with your decision making, it is absolutely possible to get in the game! Listen along as Coach Carson joins the show to discuss how this is still possible and ways the small and mighty investors continue to succeed in the real estate market!

Chad Carson

Timestamps

  • 1:13 - Introduction
  • 2:09 - Elephants In The Room
  • 5:41 - What Is The Market Doing?
  • 9:13 - Interest Rates
  • 17:32 - Do You Even Go To A Traditional Bank Anymore?
  • 24:28 - Unknown Variables
  • 28:50 - Private Money Financing
  • 38:15 - It Always Comes Down To Earnings
  • 44:23 - Surviving 2008
  • 51:08 - The Cost For Private Investors
  • 59:38 - Conclusion

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494 | Money is Your Best Form of Protest | Tori Dunlap03 Jun 202401:05:09

In this episode: financial freedom, starting your own business, you can't sprint forever, buying vs renting, and investing.

This week we are rejoined by host of Financial Feminist podcast and creator of Her First 100K, Tori Dunlap, to fill us in on her journey with FI over the last few years, discuss what financial equity and the importance of building financial foundation and literacy among marginalized groups, as well as discuss how financial advice can differ for men and women. While money can be linked with stability and ease in one's life, the real power that comes from personal finance and independence is the freedom it allows you to not only change your life, but instill change in the communities around you. Although there can be times you feel guilt or shame when discussing financial literacy, there are endless resources at your disposal to educate and have you feeling confident.

Tori Dunlap:

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386 | The $100K Glorified Sleepaway Camp | Millionaire Educator18 Jul 202200:55:20

In this episode: College Hacking, College Credits for less, ACE Courses, CLEP Exams, and The Most Cost Efficient Bachelors Degree

A college education may be the most daunting expense members of the FI community have on their horizon. As we all know by now, the cost of modern higher education has skyrocketed and has shown virtually no signs of decreasing or even leveling off! However Gerry Born, also know as the Millionaire Educator, may have found a way to reduce the overall cost of said education while still retaining the aspect of freedom we in FI community hold so dearly. Listen along to see if this alternative path to a college degree could be applicable towards you or your loved one's futures!

Millionaire Educator

Timestamps

  • 1:11 - Introduction
  • 2:44 - The "College Experience"
  • 6:55 - CLEP Tests
  • 11:17 - Spending Credits
  • 21:15 - The Cost Effective Option
  • 25:35 - ACE Courses
  • 28:48 - The Credit Stacking Experience
  • 37:12 - Pairing This Methodology with the Classic College Experience
  • 41:04 - The Most Optimized Bachelors Degree
  • 47:32 - Using College to Learn Your Craft
  • 52:53 - Conclusion

Resources Mentioned In Today's Episode

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385 | Time Is Your Ultimate Luxury11 Jul 202200:55:44

In this episode: Time as a Luxury, The Power of F-U Money, The Cost of DIY, Planning, and Decision Making.

Even though time is our most precious non-renewable resource, the society we live in tends to take that fact for granted. Is working more to earn more really the most efficient use of your time? Possibly, but effective planning and delegation of your resources can help you find a much better balance between the things you have to do to support your lifestyle, and the things you want to do throughout your life! Once time is spent you can't get it back, so plan accordingly so you can make the most of it!

Timestamps

  • 0:56 - Introduction and Are Your Winning Life?
  • 4:18 - Tax Abatement Feedback
  • 11:30 - Credit Cards Purchases
  • 19:34 - Crypto Exchanges
  • 23:55 - Time is the Ultimate Resource
  • 30:16 - Finding a Sweet Spot Between Frugality and Freedom
  • 38:12 - The Power of Evaluating Your Options
  • 46:55 - Planning Unlocks Freedom
  • 53:29 - Conclusion

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384 | Functionality with Numbers04 Jul 202200:44:04

In this episode: functionality with numbers, the rule of 74, decision making, free roles, and tilting the odds in your favor!

Setting yourself up for success is one of the FI community's main ideals, but what is the best way to go about doing that? Well, to put it simply, math. While the mention of math may be enough to put some people off entirely, what if we told you basic math could be enough to prime yourself up for success? Simple addition, subtraction, multiplication, and division when applied right can have a huge impact on your personal finances! Listen along and see if there are any ways you could apply basic math into your own decision making going forward!

Timestamps

  • 1:00 - Introduction and Functional Numbers
  • 2:47 - Rule of 72
  • 7:44 - Math is Rad!
  • 11:27 - Math and Opportunity Costs
  • 18:38 - Decision Making
  • 26:03 - Free Roles
  • 33:54 - Credit Card Costs
  • 39:52 - Hunting for Win-Wins
  • 44:39 - Conclusion

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383 | What Do You Want to be When You Grow Up? | The Fioneers27 Jun 202200:48:23

Topics in this episode: lifestyle design, coast fi, slow fi, identity, career, and creating the life you want.

Sometimes it can be hard to separate what you do for a living from who you are as a person. Also, financial situations and limited resources can make you feel stuck living a life that doesn't align with your interests and values. But fear not for this is a cycle that can be broken! Listen along as Lauren from "The Fioneers" joins the show and walks through steps you can take to potentially unlock some more freedom in your life!

Jessica From The Fioneers

Timestamps

  • 1:04 - Introductions
  • 1:56 - Jessica Update
  • 5:23 - What Do You Want To Be When You Grow Up?
  • 12:03 - Identity and Career
  • 18:35 - Slow FI and Coast FI
  • 27:12 - It's Not Set In Stone
  • 32:44 - Fear and Creating The Life You Want
  • 41:38 - From Passion to Career
  • 45:05 - Conclusion

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382 | Name Your Fear, Control Your Risk20 Jun 202201:04:21

In the week's episode, Brad and Jonathan examine the current state of the housing market and discuss different ways in which risk can be controlled.

It seems like we are currently living in some of the most interesting financial times ever to have occurred. Crypto currencies are seemingly disappearing overnight, interest rates are shooting up, and the inflation rate continues to climb! While all of these examples can cause one to be fearful, preparation and attention to detail are two traits that allow those in the FI community to stay calm! Identify your fears, control situations where you are taking on risk, and continue crushing your journey down the path to FI!

Timestamps

  • 0:58 - Introduction
  • 2:01 - The Tail End
  • 5:58 - The Most Interesting Financial Times
  • 13:26 - Housing
  • 18:22 - Conversation With A Friend
  • 26:06 - Components of The Monthly Payment
  • 34:40 - 40 Year Mortgage and Renting
  • 45:20 - 10% Intrest Rates
  • 53:05 - Crypto Sidecar
  • 57:15 - Crypto Security
  • 61:39 - Conclusion

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381 | Common Sense Spending Guidelines | Housing13 Jun 202201:09:31

In this week's episode, Brad and Jonathan discuss different guidelines that can help ensure your mortgage won't infringe on your FI goals!

Becoming an home-owner doesn't have to mean the collapse of your own financial stability! By planning ahead and working within your personal limitations, your journey to a happy, healthy, and simple life can continue unabated! Listen along to see if the common sense guidelines mentioned can be beneficial to your situation!

Timestamps

  • 1:02 - Introductions
  • 3:01 - Insufficient Funds
  • 11:55 - Tackling Overdraws
  • 19:21 - What Can You Really Afford?
  • 26:36 - The Bracket Breakdown
  • 31:13 - FI-ifying Your Budget
  • 35:13 - The Payment Breakdown
  • 45:53 - Working The Table
  • 53:46 - Mortgage Factors
  • 57:30 - Make The Best Decision For YOU
  • 68:43 - Conclusion

Resources Mentioned In Today's Conversation

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380 | Optionality: Making Choices with Finite Resources06 Jun 202200:55:28

In this week's episode, Brad and Jonathan discuss different routes you can take in order to create options for yourself with limited resources.

Everyone has a finite amount of financial resources at their disposal and everyone is always questioning what they should be doing with what they have. While nothing is guaranteed, thankfully there are steps you can take to protect your resources and make informed decisions. Listen along as the guys discuss creating options for yourself and hopefully the information can be helpful towards dealing with uncertainty!

Timestamps

  • 0:56 - Introduction
  • 1:59 - The Rule of 72
  • 8:51 - Bitcoin Purchase and Computer Safety
  • 16:57 - Crypto Crashes
  • 21:42 - Intrinsic Value
  • 28:04 - Guaranteed Returns
  • 34:40 - Protecting Yourself
  • 45:27 - Finding Options in Uncertainty
  • 52:54 - Conclusion

Resources Mentioned In Today's Conversation

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379 | The Hidden Job Market30 May 202201:08:43

In this week's episode, Brad and Jonathan welcome back Bradley Rice and Anita from Talent Stacker to discuss the hidden job market and how you can break into it!

Many consider the best path to a successful career getting an education, claiming a certification or degree, and working your way up the corporate ladder. But what if there could be an alternative? Utilizing your current skills, developing some new skills, and successfully networking could be your key to unlocking the hidden job market and leveling up your career! Listen along to learn how Bradley and Anita took this path less traveled and see if it can be applicable to your life and career!

Bradley Rice and Anita

Timestamps

  • 1:29 - Introduction
  • 4:06 - Unorthodox Choices, Radical Results
  • 13:52 - No Degree Needed and Developing Skills
  • 23:35 - Overcoming Traditional Objections
  • 29:04 - Finding Communities
  • 32:03 - Personal Branding
  • 37:22 - The Hidden Job Market
  • 43:30 - Volunteer Experience and Interviews
  • 55:10 - Compounding The Positives
  • 59:10 - The Salesforce For Everyone Podcast
  • 66:15 - Conclusion

Resources Mentioned In Today's Conversation

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378 | Earning Power: The Best Protection Against Inflation23 May 202200:59:15

In this week's episode, Brad and Jonathan dissect the idea of earning power being used as a weapon to combat inflation, and strategies you can implement to level up your income!

One of the best ways to reduce the impact inflation has on your life is to out-earn the inflation rate. While that solution can easily fall under the umbrella phrase of, "easier said than done," there are actions you can take to make that process easier for yourself! Listen along as the guys discuss different strategies to approach raising your income and see if any of them can apply to you and your FI journey!

Timestamps

  • 0:55 - Introductions and Season's Change
  • 5:37 - Times is a Resource
  • 9:10 - Start With Spending
  • 14:07 - College Cynicism
  • 21:53 - The Career Freedom of FI
  • 25:04 - Income Combatting Inflation
  • 28:10 - Performance Reviews and Standing Out
  • 36:15 - The Art of Salary Negotiation
  • 43:00 - Influence
  • 45:03 - The Script
  • 51:31 - How Can I Improve This?
  • 53:42 - Opportunity and Conclusion

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377 | Glide Path to Retirement During Financial Uncertainty16 May 202200:54:24
In this week's episode, Brad and Jonathan discuss different ways to retain a sense of control along the path to retirement during times of uncertainty. While low points in the economy tend to cause worry, focusing on steps that can be taken to continue forward progress is what helps set the FI community apart! Join the guys as they discuss information that could help you navigate the murky waters ahead and continue along with your FI journey! Timestamps

  • 1:02 - Disney and Travel Rewards
  • 9:52 - Age of Uncertainty
  • 17:41 - Controlling What You Can
  • 20:35 - Returns and Inflation
  • 26:09 - The Glide Path
  • 27:49 - Series I Bonds
  • 39:18 - Controlling Income and Expenses
  • 48:10 - When The Market Turns...
  • 52:47 - Conclusion

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493 | Design Your Extraordinary Life | Alan & Katie Donegan27 May 202401:16:33

In this episode: doing everything but not at once, building your extraordinary life, optimizing your time, and what to do after FI.

This week we are joined by Alan and Katie Donogan as well as my guest co-host Ginger live from the Design Your Extraordinary Life Weekend event in Las Vegas, where we will be discussing their exercise of envisioning what an extraordinary life can look like in designated areas of your life, as well as learning how identify and overcome limiting beliefs that can hold you back from achieving your dream life. Reaching your FI goal can radically change your life and usher in new freedom, but it doesn't necessarily mean all your problems go away. While you may be focused on taking actionable steps to to hit your FI number, it's just as important to take actionable steps to build and create the life you want to be living! By taking account of certain areas of your life and identifying the areas and mindsets that need to be changed in order to achieve your extraordinary life, you will not only be on track to living your best life on your FI journey, but continuing to live it well after you reach the finish line!

9 Life Snapshot Categories (Explained here.)

  • Love and Relationships
  • Career or Business or Mission
  • Finances
  • Physical Environment
  • Friends and Family
  • Fun, Adventure and Passion
  • Health and Wellness
  • Personal Growth and Development
  • Spirituality

Alan and Katie Donegan:

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376 | The Four Backstops to the Four Percent Rule | Sean Mullaney09 May 202200:51:14

In this week's episode, Brad and Jonathan welcome Sean Mullaney back onto the podcast to discuss the four backstops of the Four Percent Rule! While many in the FI community consider the Four Percent Rule to be a pillar for retirement planning, these relatively unknown backstops could save or enhance your retirement as you continue along the path less traveled! Listen along to see if any of these backstops could apply to you and your own future planning!

As always, the discussion is general and educational in nature and does not constitute tax, investment, legal, or financial advice with respect to any particular individual or taxpayer. Please consult your own advisors regarding your own unique situation. Sean Mullaney and ChooseFI Publishing are currently under contract to publish a book authored by Sean Mullaney.

Sean Mullaney

Timestamps

  • 0:59 - Introductions
  • 1:37 - The Four Percent Rule and Inflation
  • 12:20 - Annual Expenses
  • 14:19 - Decline in Energy and Expenses
  • 22:14 - Social Security
  • 30:53 - Downsizing and The Reverse Mortgage
  • 38:53 - Later Years Backstops
  • 43:21 - Mortality
  • 48:48 - Conclusion

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375 | What is Savings Rate and How to Calculate It?02 May 202200:48:50

In this week's episode, Brad and Jonathan continue along their, "Financial Independence A to Z," journey by examining savings rate and the many different ways it can be calculated! One of the pillars that sets the FI community apart is the emphasis on saving money in order to unlock more in your life. So, by having the right tools needed to calculate your savings rate, you can begin to make adjustments and hopefully start the process of taking back your time!

Timestamps

  • 0:59 - Introductions
  • 4:30 - Ben's Question
  • 7:41 - How Do You Calculate Your Savings Rate?
  • 12:00 - Why Savings Rate Is Important
  • 18:25 - Nuances In Saving
  • 21:55 - Calculation Example
  • 28:15 - Scenario Three
  • 37:57 - Looking At The Nuances
  • 46:56 - Conclusion

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374 | Tools to Simplify Budgeting and Tracking Finances25 Apr 202200:53:20

In this week's episode, Brad and Jonathan discuss a variety of tools that can help you stay on-top of your budget. Whether you create your own tracking systems or don't have any expense tracking systems in place yet, there likely is a tool mentioned in this episode that can help you get one step closer to your financial goals! Remember, keeping your expenses organized can help you take drastic steps forward in your FI journey!

Timestamps

  • 0:56 - Introductions
  • 3:57 - Identity Statements and Failure
  • 9:55 - The Post Tax Season Check-Up
  • 13:33 - The Large Tax Return
  • 17:34 - Simplifying Your Financial Life
  • 22:34 - Loading Your Financial Tool-belt
  • 26:25 - Tracking The Cost Of Your Life
  • 34:53 - Tracking Softwares
  • 42:17 - Envelope Systems
  • 46:44 - Should You Use A Budgeting Template
  • 51:56 - Conclusion

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373 | Natural Remedies, Startup Economics & Financial Literacy A to Z18 Apr 202200:55:24
In this weeks episode, Brad and Jonathan discuss some natural remedies your may find useful in your life, the economics behind the modern startup scene, and most importantly the basics pillars of financial literacy! Join the guys as they share their philosophy towards tackling financial literacy and why it is such an important topic to study. By knowing the rules of the game, maybe you can start to widen that gap between income and expenses!

Timestamps

  • 0:56 - Introductions
  • 1:52 - Fulfilling Remedy Responsibilities
  • 6:22 - WeWork and Startup Economics
  • 12:47 - Increasing The Gap
  • 17:11 - Picking a Career
  • 20:20 - Financial Literacy A to Z
  • 24:33 - Budgeting and Optimizing Expenses
  • 32:42 - Automating Your Finances
  • 36:06 - The Longterm Mindset
  • 44:40 - Borrow and Protect
  • 52:17 - Conclusion

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372 | Can I Get an Extension, Please?11 Apr 202200:39:40

It's officially tax season! In this week's episode, Brad and Jonathan discuss tax extensions and share some of their experiences paying taxes in the past. No matter what walk of life you are in, at the end of the day we all have to pay taxes. As members of the FI community, we should do our best to stay calm and tackle the task!

Timestamps

  • 1:10 - Introductions
  • 1:55 - Daylight Savings
  • 5:18 - Viral Nightmare Tax Scenario
  • 11:36 - Putting Aside Taxes
  • 20:39 - Extensions
  • 26:32 - The Not Genius Move
  • 31:17 - Larger Than Expected Tax Bills
  • 34:30 - Small Business and Side Hustles
  • 37:53 - Conclusion

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371 | Why Does the Stock Market Go Up? | Brian Feroldi04 Apr 202200:45:56

In this week's episode, Brad and Jonathan are joined by author and friend of the show Brian Feroldi. After spending two years writing the book, Why Does The Stock Market Go Up? Brian is returning to the show once again to share with you the valuable lessons he has along the way! Join the trio as they discuss why the stock market goes up, down, and everything in-between!

Brian Feroldi

Timestamps

  • 1:33 - Introductions
  • 2:40 - Understanding The Market
  • 7:07 - History Of The Dow Jones
  • 13:19 - The NASDAQ
  • 16:35 - Valuation
  • 23:22 - The Future Is Inevitable
  • 24:45 - Stock Splits
  • 33:14 - What Are You Buying?
  • 44:10 - Conclusion

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370 | Timeline Your Goals | Stacked with Joe Saul-Sehy28 Mar 202200:54:42

In this week's episode, Brad and Jonathan sit down with Joe Saul-Sehy, co-author of the book "Stacked" and co-host of the "Stacking Benjamins" podcast. Together, the trio discuss how to properly set goals for yourself and ways you can continue to move that needle along! If you stick to your timeline and ask the right questions, before you know it you could be on the right track!

Joe Saul-Sely

Timestamps

  • 0:51 - Introductions
  • 5:20 - Goal Setting And The Timeline
  • 10:41 - Bad Questions And False Rabbit Holes
  • 15:25 - Talking Family Finance
  • 20:24 - Budgeting And Tracking
  • 28:25 - Comparison Is The Thief Of Joy
  • 32:21 - Financial Advisors
  • 45:30 - Assets Under Management
  • 51:51 - About "Stacked" And Where You Can Find It!
  • 54:02 - Conclusion

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369 | The Unstoppable Force Vs Immovable Object: Clarity and Goal Setting Part 221 Mar 202200:47:30
What happens when an unstoppable force meets an immovable object? In this week's episode, Brad and Jonathan continue their discussion from last week about clarity and goal setting, but this time they focus on ways to circumnavigate the seemingly immovable objects in our lives. Overcoming objections that prevent us from the futures we want can actually be surprisingly easy if you adopt the right mindset. Become the unstoppable force that shatters those barriers holding you back!

Timestamps

  • 1:00 - Introductions
  • 1:53 - Goals & The Aggregation of Marginal Gains
  • 6:58 - Manifestation
  • 14:55 - Clarity & What YOU Want
  • 24:27 - Becoming The Unstoppable Force
  • 30:10 - Controlling Monthly Expenses
  • 35:12 - Car Payments
  • 37:46 - Accounting For Your Mindset
  • 42:43 - Conclusion

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368 | Declutter, De-noise & De-stress : Clarity and Goal Setting Part 114 Mar 202200:42:42
In this week's episode, Brad and Jonathan kick off part one of a two episode series focussed on decluttering, de-noising, and de-stressing your life! What makes the FI lifestyle so special is it's ability to block out social norms allowing for us to build our own healthy, happy, and free lives! By decluttering your life, you can surround yourself with uplifting material that will help you continue your trek down the path less traveled. Timestamps

  • 1:00 - Spring is Coming!
  • 3:36 - Long-Term Thinking
  • 7: 19 - Decluttering
  • 15:15 - Tackling Social Prisons
  • 23:10 - The Oasis
  • 29:22 - Junk Mail and Saying No
  • 37:30 - The Red X
  • 40:50 - Conclusion

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367 | FI Number Adjustments07 Mar 202200:43:41

In this week's episode, Brad and Jonathan unpack the problems that lie within modern retirement calculations and provide examples of how you can work around these flaws. As opposed to focusing on income, maybe it is better to learn how much our lives cost us. Expenses appear and disappear as life goes on, it is important to factor that in to your FI number!

Timestamps

  • 1:01 - Introductions
  • 2:00 - Listener Feedback, Permaculture, and Libraries
  • 6:55 - Annual Expenses
  • 14:08 - The Retirement Smile
  • 16:53 - Addressing That FI Number
  • 22:21 - The Pile of Cash
  • 30:45 - Upcoming Events!
  • 32:07 - Major Purchases For Those Entering The Workforce
  • 41:40- Conclusion

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492 | The RRTTLLU Investing Framework | Jesse Cramer20 May 202400:50:48

In this episode: RRTTLU, actual risk, actual return, balancing portfolios, understanding your timeline, taxes, and legal situations.

This week we are joined by Jesse Cramer of the "Best Interest" blog and podcast to discuss "RRTTLLU", an acronym that provides a framework and guide of some of the factors one should consider when they start investing. While investing on your own can seem complex with many factors to consider such as your risk tolerance, the potential tax liabilities, and returns; being realistic about what you want to get out of your investment and what timeline you are on will only ensure your success. Considering some of these factors before you start investing can help you to choose your investments smartly, and give you the confidence and self-assurance for when changes or uncertainties come and go! 

Jesse Cramer: Resources Mentioned In Today's Episode: More Helpful Links and FI Resources:
366 | Day 0 Self28 Feb 202200:43:43

In this week's episode, Brad and Jonathan discuss the importance behind moment you decide it is time to make a change in your life. While making the decision to alter your life for the better is often easy, actually consistently carrying out that goal can be tough to do. We all hit road blocks, we all stray from our goals, but being able to correct your path is vital to actually changing for the better! Keep track of your progress and set yourself up to success!

Timestamps

  • 0:00 - Introductions
  • 1:09 - Favorite Two Days of the Year/Berkshire Hathaway
  • 6:18 - Bumming On The Couch Story
  • 12:36 - What Are You Pivoting Towards?
  • 16:07 - Making The FI Choice
  • 19:43 - Journaling Thoughts
  • 24:54 - What Compels Change?
  • 29:50 - Accountability
  • 33:10 - Subconscious Guard Rails
  • 38:10 - 1% Changes Add Up
  • 40:45 - The Goal of Paying Off Credit Card Debt
  • 43:10 - Conclusion

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365 | What If You Didn't Need to Escape?21 Feb 202200:41:37

In this week's episode, Brad and Jonathan question the notion of needing to escape from your life. While we all get tired of the mundane nuances that life throws at us, we often escape these constrictions by frivolously spending money during the hours in which we own our time. Taking a break isn't the worst thing on earth obviously, but reclaiming our time and spending it with who or what we love can help erase the feeling of needing to escape from the world! Take a look outside, it doesn't look too bad right?

Timestamps

  • 1:26- 8:28 | Introductions and Super Bowl Commercial Discussion
  • 8:28- 10:13 | Facebook Discussion
  • 10:13- 11:47 | What If You Didn't Need To Escape?
  • 11:47-14:26 | The Look Outside Test
  • 14:26- 23:20 | How We Escape
  • 23:20-32:05 | Compounding Healthy Hobbies
  • 32:05-41:55 | A Life Without The Need For Escaping
  • 41:55-43:43 | Conclusion

Resources Mentioned In Today's Conversation

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364 | What's All the Hoopla About?14 Feb 202200:49:10

In this week's episode, Brad and Jonathan fixate on many different areas in life where improvements can be made and ways you could go about doing it! Whether it's your own cybersecurity, managing anxiety, or physical health, it is important for us to take care of ourselves in order to fully enjoy the life we are setting out to live. There are easy ways to make changes that could snowball into a brighter future for you!

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