Nick True from Mapped Out Money talks about designing an FI lifestyle before reaching an FI number.
Currently, Nick and his wife live in an Airstream trailer with the flexibility to live wherever they want to be.
For more information, visit the show notes at https://ChooseFI.com/140
Last week, Jonathan ended up at the DMV on a Friday afternoon with a crazy wait time. What should have been a quick trip turned into an ordeal worth avoiding.
Today Jonathan and Brad discuss:How to Reclaim Your Time Side Hustling through the Secondary Market and how Sunny funded a Roth IRA for his child
For more information, visit the show notes at https://ChooseFI.com/139R
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
Jim from Route To Retire talks about about life after retirement and geo-arbitrage. His path to FI didn?t start with a community, it began when he was testing for Y2K bugs with Quicken.
Don?t know what we?re talking about? You?ll just have to listen to find out.
For more information, visit the show notes at https://www.choosefi.com/134
Lisa Duke talks about her mindset shift and turning liabilities to assets.
On today's show:Second Home--Asset Or Liability? Action Steps To Renting Out Your Home Getting off the "hedonic treadmill"
For more information, visit the show notes at https://ChooseFI.com/132
Today we talk to Paul Merriman. The goal is to contrast the "Simple Path to Wealth Approach" with the "Ultimate Buy and Hold Portfolio."
Paul is a proponent of the Ultimate Buy and Hold strategy and a legend in this space. The insights Paul provides about this strategy are priceless.
For more information, visit the show notes at https://choosefi.com/130
Earlier this week, Liz from Chief Mom Officer explained how she leveraged her work ethic and will to succeed into a successful six-figure career. Today we dig deeper into the work ethic topic with John, a 24 year old currently making 6-figures.
We also announce our newly created Travel Rewards Course.
For more information, visit the show notes at https://choosefi.com/129r
Liz from Chief Mom Officer.org talks about working moms building careers from the ground up.
In this episode we learn:
? How To Grow Your Salary
? Figure Out What You Should be Paid
? Work Hard Strategically
? How To Negotiate
For more information, visit the show notes at https://choosefi.com/129
Multi-level marketing, side hustles, energy audits, and expanding your "Zone of Awareness" -- all in today's Friday Roundup!
For more information, visit the show notes at https://choosefi.com/128r
Gina Pogel joins us to discuss different types of debt and how to tackle them.
We also dive into tactics to optimize both your health and your debt.
The goal is to simplify your finances and your health by stacking multiple optimization tactics together.
For more information, visit the show notes at https://ChooseFI.com/127R
Brad and Jonathan discuss health optimization strategies with Dr. Scott Sherr.
This episode is packed full of useful information, however, do not make life altering medical decisions based on this show alone.
Although we are talking to a real doctor, do not take this as medical advice. Consult with your own physician before making any major medical decisions.
For more information, visit the show notes at https://ChooseFI.com/127
Brad and Jonathan discuss the release date of a ChooseFI book, finding the best auto insurance rates, and Lynn Frair's path to FI.
The book, "ChooseFI: Your Blueprint to Financial Independence" will be released on October 1, 2019. The goal of the book is to outline options for your path FI. Everyone's journey will be different because the concept of FI is really based on choosing your own adventure. However, there are common threads between all of the success stories. We pull that together so that you can make your own journey a successful one.
To pre-order the book, go to https://www.choosefi.com/book
The complete show notes can be found at https://choosefi.com/124R
Chris Mamula, the "Dirtbag Millionaire," describes the mistakes he made on the way to FIRE, the challenges he facing in his early retirement, and the origin story of a book that will outline a Blueprint to financial independence based on the information shared by members of the ChooseFI community.
For more information, visit the show notes at https://ChooseFI.com/124
Kiersten and Julien from Rich and Regular talk about the specific challenges that the black community faces on their journey to FI.
Recognizing the fact that not everyone starts from the same spot is important, so we are diving deep into the differences today.
For more information, visit the show notes at https://choosefi.com/123
Brad and Jonathan are joined by Brian Feroldi and Karsten from Early Retirement Now.
With the goal of gaining a deeper understanding of dividend investing, Brad and Jonathan ask the hard questions.
As the devil's advocate, they uncover more information about dividend stocks from passionate investors.
If you are ready to learn more about dividend investing, then let's dive in.
For more information, visit the show notes at https://ChooseFI.com/122R
Angela from Tread Lightly Retire Early has been an active member of the ChooseFI community for around two years. She has built a life that combines FIRE with sustainability.
Additionally, she is a leader that recognizes the women in the FIRE movement. Brad and Jonathan learn about Angela's journey and practical sustainability advice that could help the FI community.
For more information, visit the show notes at https://ChooseFI.com/121
Jean Chatzky is a well-respected figure in the personal finance community.
The financial editor of the NBC Today Show and author of several books is recognized for a specialized understanding of the relationship between women and their money.
However, both men and women can learn something for Chatzky's insights.
On today's episode, Brad and Johnathan will delve into the relationships that each of us has with money.
For more information, visit the show notes at https://ChooseFI.com/120
Mr. Refined from Refined by Fire has overcome a staggering amount of debt that accumulated from student loans and medical bills.
After finding the FI community, he was able to triple his net worth!
Mr. Refined talks openly about his debt, how he negotiated his way out of debt, and why he is pursuing FI.
For more information, visit the show notes at https://ChooseFI.com/119
118 | Talaat McNeely from His and Her Money talks about how his money mistakes led to financial infidelity.
Most importantly, he shares how he was able to rebuild trust with his wife Tai and successfully work towards common financial goals together.
Through Talaat and Tai?s story, you will learn practical ways to build the financial trust that many couples hope to achieve.
For more information, visit the show notes at https://choosefi.com/118
Bradley Rice has successfully reclaimed the hours in his day by transitioning to part-time work.
He made this unconventional choice to take back his time when his daughter was born to spend more time with her.
Bradley works 20 hours a week, while still earning a high salary. Bradley openly talks about the path that allowed him to reclaim his time and how you can recreate a similar journey.We All Have Choices Along The Way
Each of us makes different choices throughout our lives. We do so hoping to march closer to our long-term goals. Everyone has to make choices that align with their values, so each person?s journey will be different.
Having a high paying job certainly helps you reach your FI goals, but if it's taking away time from your life, you may question its true value. In Bradley?s opinion, time is our most valuable resource because it truly is finite. Many of us would prefer to use that time to enjoy the important things in life, like our family. The pressure becomes especially noticeable if you have young kids because the time you have to spend with them while they are young is limited.
Even if you agree that that time is your most valuable resource, you may feel trapped in the mindset that there is no way to earn your current income while transitioning to part-time work. Caught between the fact that you have to work to provide for your family and the need to spend more time with them, the dilemma continues to grow more real every day.
Our guest, Bradley Rice, was faced with the same dilemma when he had his daughter. He knew that he didn't want to continue working full-time while his daughter was growing up. He needed to find a way to spend more time with her during her childhood. Bradley was able to make the switch to part-time and maintain a high salary in the process. It was an unconventional choice, but it worked out exceptionally well for his family. Let?s dive into his inspiring story!
For more information, visit the show notes at https://ChooseFI.com/117
Karen Hoxmeier joins the show to share how and why she built a coupon-sharing website, Brad and Jonathan talk about optimizing food, taxes and home insurance, and a review of Monday?s episode with Wendy Mays.
Brad and Jonathan are excited about a chicken shawarma recipe they hope Laura will add to the ChooseFI Vault soon. Wendy, from Monday?s episode, tackled her family?s grocery bill when she started pursuing financial independence. Food shouldn?t just be cheap; it should also be good. What is Brad?s strategy for decreasing his phone usage and dependence? For taxes, what matters the most is your tax liability, not your tax withholding. While tax refunds are currently decreasing in the U.S., that?s actually because the withholding tables have changed and people are sending less extra money to the government throughout the year. Estimating your taxes throughout the year so that your tax return is about $100 is pretty extreme tax optimization, but a minimal tax return means you?ve had access to all your money for saving and investing throughout the year, instead of loaning it to the government. Brad signed a contract to install solar panels on his house and paid half the cost, then realized that he hadn?t contacted his home insurance company. Wendy tackled one thing at a time, optimizing a little bit at a time, until she was saving her family $6,000 a month, without a significant decrease in lifestyle. Spend money on what brings your life value, then cut everything else ruthlessly. ChooseFI community member Karen Hoxmeier joins the show: Karen worked in a wide variety of jobs in her youth and early adulthood, until becoming a stay-at-home mom in 1994. In 1999 Karen started sharing coupon deals with friends, via email, until that became too taxing, and she decided to build a website. How did Karen learn html code to build her website? Karen realized she could start making money from her website when she discovered Amazon?s affiliate program. Karen?s advice for someone who wants to make money blogging: Make content that is valuable Set up an email list Treat your customers like they?re your friends If you?re interested in an affiliate relationship, Karen recommends starting a conversation with a representative from the company. Companies are often willing to pay a higher commission to advertise or link with blogs or websites that will provide high-quality leads.
For more information, visit the show notes at https://ChooseFI.com/116R