In this episode: taxes, the secure act 2.0, the best news, roths, 529's, catch-up contributions, and the new options you have. On December 29th 2022, Joe Biden signed into law the Secure 2.0 Act. As this law may have ramifications on your retirement tax planning, to stay ahead of the curve we decided to have The FI Tax Guy Sean Mullaney back on the show to discuss what this law is and ways one may be able to approach and utilize it going forward with there retirement planning. While laws and regulations may change, staying prepared and aware can keep us worry free as we prepare for the tail end of our FI journey! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Sean Mullaney: Website: fitaxguy.com Book: "Solo 401k: The Solopreneur’s Retirement Account" Twitter: @SeanMoneyandTax Timestamps: 1:25 - Introduction 2:55 - The Most Important Change and The Best News 14:19 - More Roth Options 27:05 - The Backdoor Roths And Catch-Up Contributions 31:46 - New Options For 529's 42:27 - Conclusion Resources Mentioned In Today's Episode: Secure 2.0 and The FI Community Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: mindfulness, removing judgement, thoughts creating reality, envisioning, awareness, and the hot seat. Oftentimes on our show we like to remind listeners that achieving FI isn’t an end all be all to one’s problems, and that reaching financial independence doesn’t automatically equate to happiness. An important part of the journey is the work you do inward along the way, and this week we are tackling what that can look like. This week we are joined by coach and host of Mindful Fire podcast, Adam Coelho, to discuss the important link between mindfulness and FI, and the power our brains have to envision the life we want, and put dreams into action. Taking the time to be aware of how you’re thinking and feeling can be an effective tool. It will not only keep you centered, but allow for you to be open to experiences you might not have thought were achievable. So whether you are familiar with mindfulness practices or are curious where to begin, allow this episode to serve as a resource to begin or strengthen your practice!  Adam Coelho: Podcast: mindfulfire.org MindfulFIRE.org/choosefi : Adam's Free Guide with takeaways, a short guided meditation and Adam's envisioning guide Timestamps: 1:56 - Introduction 4:33 -The Definition Of Mindfulness/Removing Judgement 12:08 - Your Thoughts Create Your Reality 19:08 - Gateways To Meditation/Awareness 27:56 - The Science Of Mindfulness 35:50 - Envisioning 40:25 - It's Not Out There, It's In Here 49:27 - Mindfulness And FI 52:44 - Adam's Google Story 58:21 - Adam Takes The Hot Seat 76:06 - Conclusion Resources Mentioned In Today’s Episode: Headspace Yoga Nidra Atomic Habits | James Clear | ChooseFI Ep. 157 "Atomic Habits" by James Clear Calm Insight Timer Playing With FIRE Documentary "Altered Traits: Science Reveals How Meditation Changes Your Mind, Brain, and Body" by Daniel Goleman and Richard Davidson "Peak Mind: Find Your Focus, Own Your Attention, Invest 12 Minutes a Day" by Amishi P Jha Mark Divine All The Hacks "Die with Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins Alchemized Life| Jordan Harbinger: How to Build a Podcast | Episode 19 "The Predicting Brain" by Regina Pally The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: bold moves, building bold moves, dreams, themes, uncomfortable awareness, and finding energy. For most people, a new year can signify new goals that we hope to accomplish. Regardless of where you are on the FI journey, the new year ushers in a time for change and welcomes the opportunity to learn and grow! In this episode we are re-joined by Dominick Quartuccio to discuss navigating new beginnings and designing your “Bold Move” as we enter the new year. Instead of having a new year’s resolution which may remind you of what you didn’t accomplish the year before, try making a bold move that can act as a quantifiable metric for designing the life you want to live! The journey to FI is filled with ebbs and flows, and with that comes lessons that allow you to grow and learn as you find your way towards the life you want to live! Dominick Quartuccio: Website: thegreatmanwithin.com Course: The Bold Move Masterclass: Use Code CHOOSEFI For 50% Off Podcast: The Great Man Within Book: "Design Your Future: 3 Simple Steps to Stop Drifting and Start Living" Timestamps: 1:21 - Introduction 7:20 - Quiet Desperation And Community 14:32 - The Bold Move 22:28 - Building A Bold Move 30:32 - Increasing Your Luck Surface Area And What Gives You Energy 33:50 - Finding Your Theme And Dream 39:28 - Uncomfortable Awareness And The Turbulence Of Life 47:19 - What You Want Will Reveal Itself, Eventually 56:27 - Using Bold Moves To Identify Dreams 59:04 - Conclusion Resources Mentioned In Today’s Episode: Find Your Local ChooseFI Group "The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich" by Tim Ferriss "Outwitting the Devil: The Secrets to Freedom and Success" by Napoleon Hill "The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life" by Mark Manson "Man's Search for Meaning" by Viktor Frankl "Never Eat Alone, Expanded and Updated: And Other Secrets to Success, One Relationship at a Time" by Keith Ferrazzi and Tahl Raz John Olsen YouTube Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the federal reserve, interest rates, buying the hype, the problems with effortless earning, and narrative follows price. It’s suffice to say this past year has been one of distinct changes from a financial perspective, with investment techniques and former practices no longer working the same as they did two years ago. However, there is much to be learned and a lot to be gained as we move forward into 2023. This week we are re-joined by a friend of the show Brian Feroldi to discuss his observations on the market changes, and lessons he learned over the course of 2022. Settle into the new year and tune in as we share our thoughts on the macro impact of the federal reserve, psychology of investing, inflation and interest as it relates to different kinds of assets, and so much more! Brian Feroldi: Website: brianferoldi.com Twitter: @brianferoldi Course: Financial Statements Explained Simply Book: "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren’t" By Brian Feroldi Timestamps: 1:46 - Introduction 6:51 - The Federal Reserve/Interest Rates 15:03 - Inflation Is Still Here 17:21 - Beware Of Effortless Money 24:14 - The State Of Crypto/Buying The Hype 33:48 - Is Cash Still Trash? 36:13 - Bonds Are Worth Consideration 39:25 - Growth Stock Troubles 46:31 - Narrative Follows Price 52:56 - Your Risk Level Is Revealed 56:09 - Conclusion Resources Mentioned In Today's Episode: The Motley Fool The Simple Path to Wealth | JL Collins | ChooseFI Ep 411 Early Retirement Now The Role Of Bonds In A Portfolio | ChooseFI Ep 194 Subscribe to The FI Weekly! More Helpful Links And Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Happy Holidays! As the year's end approaches, it's only natural to look back and think of all that you’ve accomplished. Whether you just began your FI journey this year or are well on your way, recognizing the improvements you’ve made throughout the year is essential and worth celebrating! This episode is our 6th annual year-end wins episode, and we are re-joined by MK Williams to listen and read submissions from our listeners and celebrate the progress of our audience through different stages of their FI journeys! This episode is meant to not only inspire but remind us how personal this journey is, and remind you to take some time and reflect on the progress you have made this year. Celebrate the wins of your own, no matter how big or small! Timestamps: 1:27 - Introductions 3:43 - Adrianna's Wins 6:00 - David's Wins And The Post-It Note 9:48 - Will and Abby's Wins And Retirement Accounts 13:45 - Melissa Devon, and Brittany's Wins, Traveling And Saving 16:40 - Dominic and Leila's Wins, Stacking Accounts And Side Hustles 20:35 - Erica's Wins And Leveling Up In Life 24:11 - Justin's Wins And Financial Wellbeing 27:41 - Kristen's Wins And Paying Off The Mortgage 30:38 - Tommy's Wins And Changing Careers 33:24 - Wes And Sarah's Wins, Erasing Debt And Job Upgrades 35:50 - Lindsey's Wins, Travel Rewards And 2-Player Mode 38:18 - Tom and Danielle's Wins, Taking Action And Paying Off Student Loans 40:00 - Kelly's Wins, Budgetting And Communities 42:41 - Yvette's Wins And Making FI Do-Able 44:42 - Dennis' Wins And From Student Loan's To Disney World 47:00 - Valerie's Wins And Dumbfounding The Experts 48:56 - Dilyara's Wins And Crushing Early Stage FI 51:19 - Lauren's Wins And Doing The Legwork 56:28 - Conclusion Resources Mentioned In Today’s Episode: "Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Bryce Leung and Kristy Shen From Pandemic Layoff to $100k+ | A Salesforce Success Story | ChooseFI Ep 297 Step-By-Step Guide to a (Nearly) Free Disney Vacation (2022) Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: using your resources to create change, your employer is your customer, identifying discrimination, and abundance mindsets. For some on the journey to FI, it may seem like you must at all cost continuously strive to meet your monetary goal as quickly as possible. However, staying in toxic and unfulfilling work environments to hold the course with your goal is not what this journey is about. This week we are re-joined by Diania Merriam to have an intimate conversation about leaving a toxic work environment, navigating internalized beliefs, and the power and control gained while on the journey to FI. The greatest part of this journey is not only the earning and having more financial resources, but rather learning that your money is a tool you can use to reclaim your time! Remember, striving for FI is never about deprivation or devaluing yourself, nor does it mean tolerating poor treatment in order to stay on track!   Diania Merriam: Website: EconoME Conference (Promo Code "CHOOSEFI") Podcast: Optimal Finance Daily Timestamps: 2:00 - Introduction 4:25 - The Resignation 15:46 - Identifying Discrimination 25:07 - Culture Shifts And Subtleties 30:10 - Using Your Resources To Create Change 33:12 - Allowing Your Money To Protect You And Coast FI 40:28 - Operating From An Abundance Mindset 48:57 - Your Employer Is Your Customer 54:20 - Shifting From Saving To Covering Expenses 62:30 - EconoME Conference 66:56 - Conclusion Resources Mentioned In Today’s Episode: What I've Learned From One Year Of "Fun-Employment" - Diania Merriam The Reality Of Leaving A Toxic Work Enviornment - Diania Merrian Accountability | Diania Merriam | ChooseFI Ep 150 Myths and Misconceptions | Diania Merriam | ChooseFI Ep 306 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: slowing down, stoicism, finding something to neglect on purpose, focusing on the present, flow states, and actionable steps. Throughout the history of this podcast we have had many guests discuss books that have offered great advice and education to them on the Journey to FI, and with the large selection to choose from we can't think of a better time to start working down the list! On today’s episode we are joined by Josue and Ginger in our new series The Choose FI Book Club. This week, we’ll be sharing our thoughts and takeaways from the book "4,000 Weeks: Time Management for Mortals" by Oliver Burkeman, as well as share some opinions on the book from our listeners who shared their opinions with us! While many of us on the Journey to FI feel that this lifestyle can be very future-driven, it can be overwhelming to want to accomplish so much with only so much time. This book reminds us that time is finite, and you can’t spend it worrying about what you have or haven't yet accomplished. Instead, it may be best to live in the present and appreciate the day to day as it relates to your journey. Having a timeline and working towards the finish line is part of the journey, but remember that the decisions you are making in your life and the experiences that come with it are just as important as the end result! Book Club Selection: "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman Timestamps: 1:48 - Introduction 2:41 - The Concept Of Reading And Retaining 6:23 - Slowing Down And Focusing On What's Important 10:20 - Stephanie's Observation 18:53 - Amy's Observation And Stoicism 23:52 - You Can't Do Everything And CJ's Observation 30:29 - Choosing Something To Neglect On Purpose 33:34 - Shelleys Voicemail And Finding Time To Spend With Others 39:42 - Josh's Voicemail And Planning For The Future While Not Forgetting The Present 46:31 - Flow States 50:27 - Gayle's Perspective And Criticism Counterpoints 57:45 - The Action Steps Taken By YOU 61:47 - Our Actionable Steps 65:34 - Conclusion Resources Mentioned In Today’s Episode: 18 Months of Massive Action | Josue | ChooseFI Ep 406 The Imperfectionist The Mad Fientist "Outwitting the Devil: The Secrets to Freedom and Success" by Napoleon Hill The Great Man Within "Finding Flow: The Psychology of Engagement with Everyday Life" by Mihaly Csikszentmihalyi "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "A Complaint Free World: How to Stop Complaining and Start Enjoying the Life You Always Wanted" by Will Bowen Ginger's Blog "FI Is Fun" Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the value of a door, the hour FIRE method, tax breaks, focusing on income, and return on hassle. Many of our listeners have tuned in to hear our guests discuss the real estate market, mortgages, and taxes as it relates to obtaining property. However, many of us on the road to FI may not realize how scaling the properties you own can actually act as a mutual fund-like portfolio. On this week’s episode we are joined by our new in-house real estate expert, author, and podcaster, Alan Corey. Alan sheds light towards what expanding your real estate portfolio can look like from from a larger standpoint, and how approaching investment from a spreadsheet rather than lifestyle point of view can ultimately offer greater returns in the long run. While we know many listeners may be apprehensive to consider investing in multiple or larger real estate properties, or how this may not seem like a feasible option, this episode is available to you to educate and offer the mental framework on how to approach real estate in a way that it can be achievable! Alan Corey: Website: realestatemaxi.com Podcast: Real Estate Maximalist Book: House FIRE: How to Be a Red–Hot Real Estate Millionaire with a Wealth of Time and Money Timestamps: 1:57 - Introduction 2:48 - The Value Of A "Door" And The Business Behind It 8:21 - Navigating The Sea Of Options 16:35 - Reducing Vacancy Impact/Maximizing Potential 23:37 - Tax Breaks 29:54 - The House FIRE Method 39:33 - Focusing On Income 49:59 - Selling 50 Doors 61:19 - Return On Hassle/Million Dollar Value Properties 67:50 - Conclusion Resources Mentioned In Today’s Episode: "A Million Bucks by 30" by Alan Corey Coach Carson Paula Pant Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: success on paper, building the life you want, therapy, craving progression, and what leads to change. When beginning and well into your FI journey, it may seem like reaching and achieving your end goal of financial independence will somehow leave you feeling happier and more fulfilled. However, reaching this end goal doesn’t automatically solve all your problems. On this week’s episode we are joined by founder of FindMoreBalance.com and host of "The Mental Wealth Show" Rich Jones to have a conversation about mental health, rebuilding mindset and behaviors, and importance of finding your network of support in life. The FI journey is a great one because it allows you to introduce changes into your life, and no matter how big or different the changes are, they are still significant! The best part of this journey is that it is a personal one, so try to remember that! While the end goal may be reaching a monetary number, it is also about rebuilding and progressing into the person you want to be in all areas of life! Rich Jones: Website: richrunstrack.com Podcast: The Mental Wealth Show Instagram: @richrunstrack LinkedIn: Rich Jones Timestamps: 4:12 - Introduction 5:36 - Success On Paper 12:31 - The Inflection Point, What Made You Change? 16:14 - Therapy 20:54 - Re-Finding The Person You Want To Be 27:38 - Craving Progress And Mastery 35:11 - Rebuilding Your Day-To-Day Life 43:50 - Leveraging Your Career To Get More From Life 52:21 - Conclusion Resources Mentioned In Today’s Episode: LeaveUs A Voicemail For Your Year End Wins The Top Chase Business Credit Cards for 2022 Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode; global funds, it's not doctrine, index funds, VTSAX, what is in index funds, and the opposite of active investing. If you've been in the FI community for a while now, you've probably at one point have heard of index Funds. However, whether you are familiar with this concept of investing, have invested in index funds, or are unfamiliar entirely, you may not necessarily know the mechanics and specifics of what certain types of index funds can actually do for you on your FI journey. This week we are rejoined by Alan and Katie Donegan, co-founders of The Rebel Finance School, to dive into the topic of index funds. Together, we discuss the differences between certain types of index funds, fee structures and returns, self-regulating funds, as well as break-down the benefits of what certain types of index funds can provide for you regardless of market and economic fluctuations! While we are not giving direct financial advice on what invest in, this week’s episode is meant as a resource to our listeners who may be curious to learn more about index funds and passive investing!  Katie & Alan Donegan: Website: alandonegan.com Podcast: alandonegan.com/podcast Rebel Finance School: www.alandonegan.com/rebelfinance VTSAX Breakdown: alandonegan.com/vtsax Timestamps: 4:11 - Introductions 5:13 - What Is In Index Funds 11:19 - Global Funds 21:54 - It's Not Doctrine, Don't Get Bogged Down In The Details 25:50 - Am I Getting What I Want When I Invest? Should I Be Concerned? 35:14 - The Opposite Of An Active Investor 45:09 - Is Cap-Weighting The Only Way To Run Index Funds? 52:50 - Is There A Future Where Passive Investing Isn't A Good Option? 57:46 - Conclusion Resources Mentioned In Today’s Episode: Leave A Voice Message Of Your Year End Wins The Top Chase Business Credit Cards for 2022 The Simple Path to Wealth | JL Collins | ChooseFI Ep 411 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: VTSAX funds, bonds, cap-weighted funds, finding your ballasts, staying the course, and the simple path to wealth. This week, we are getting back to the basics! While many of you who have been in the FI community for a while now have definitely heard of JL Collins, those who are new should absolutely be prepared to absorb the wealth of information he provides every time he decides to grace our podcast! Listen along as he and Brad review the basic information that can put you on the simple path to wealth that so many in the FI community have walked! Believe it or not, creating wealth for yourself can be simple! JL Collins: Website: jlcollinsnh.com Book: The Simple Path to Wealth: Your road map to financial independence and a rich, free life Chautauqua: Get Information About Chautauqua Here! Timestamps: 1:46 - Introduction 2:40 - Back To Basics, What Is The Simple Path To Wealth 10:15 - Low-Cost Funds And High-Cost Funds 14:56 - Index Funds Are For Lazy People (Just Kidding!) 20:00 - Is It VTSAX Or Nothing? 26:58 - Cap-Weighted Funds 30:53 - Staying The Course 36:32 - Are There Times When Index Funds Aren't A Good Choice? 42:28 - The Highest Likelihood Of Replicable Success 46:38 - Bonds 51:36 - Rising Rates 55:17 - I-Bonds 58:22 - Finding Your Ballasts 64:55 - Conclusion Resources Mentioned In Today’s Episode: JL Collins from jlcollinsnh | The Stock Series | Part 1 | ChooseFI Ep 19 The Stock Series Part 2 | JL Collins | ChooseFI Ep 34 What is The Simple Path to Wealth? | JL Collins | ChooseFI Ep 284 Alan and Katie Donegan's VTSAX Blog Chautauqua | Oh The Places We Will Go | ChooseFI Ep 64 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: finding mentors, the superpower of making less, traveling while making less, rental properties, and the one percent rule. For some who begin the FI journey, it's about doing all they can to reach that FI number, but for many people the journey to FI is about the people you meet and learn from along the way! On this week’s episode we are joined by longtime listener Kelly Cronin to discuss the importance of mentorship, her interesting take that gives a new meaning to traveling while working, and the importance of pursuing what drives you and leads to a life filled with with intentionality. In Kelly's case, a passion towards travel lead to a fascinating side-hustle that affords her the opportunity to make money while seeing the world, who knows where a passion could end up leading you? Kelly Cronin: Website: croninscastles.com Rental Property Class: Cronin's Castles STR Class Timestamps: 1:55 - Introduction 3:11 - Kelly's Early Financial Influence 6:45 - Finding Mentors 9:02 - The Superpower of Making Less 15:26 - Traveling While Making Less 21:09 - Rental Properties 29:54 - The Mechanics of Acquiring Rental Properties 34:23 - The 1% Rule 41:32 - Running The Numbers 46:50 - How Is Kelly Marketing This? 55:46 - The FI Aspect, How Does This Intersect With Your Job? 64:20 - Where Do You Go From Here? 65:37 - Conclusion Resources Mentioned In Today’s Episode: Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 Peter Attia Huberman Lab Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 Intuit Mint The BiggerPockets Money Podcast Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: w2 employment to self-employment, s-coporations vs self-employment, avoiding penalties, megas backdoor roths, retirement planning, and health insurance. Most of us are familiar with a W2 job, and there is a certain level of convenience that comes with working a W2 job as it relates to retirement planning and taxes. So much so that it can be daunting to want to embark out on your own journey and have to figure it all out on your own. This week we are re-joined by our “in-house tax expert” Sean Mullaney to discuss the tax and retirement sphere as it relates to being self-employed. While we are not offering advice, this week's episode is meant to act as a resource to listeners curious about the steps and unknowns that come with the self-employment territory. With the same excitement and motivations gained from getting to run your own business, those same motivations and excitements can still be applied to navigating your retirement and taxes once you remember that it is now within YOUR control!  The fear of the unfamiliar may not be as daunting and complicated as you may think, and figuring out these factors requires you to take the same initiative and action that is required throughout your entire FI journey!  The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Sean Mullaney: Website: fitaxguy.com Book: Solo 401k; The Solopreneur's Retirement Account Timestamps: 1:42 - Introduction 2:38 - W2 Employment to Self-Employment 11:34 - S-Corporations vs Self-Employment 14:03 - Avoiding Penalties When Making Estimated Payments 19:29 - Saving For Retirement As An Entrepreneur 24:00 - Employee vs Employer 401k Limits and Mega Backdoor Roth 33:54 - Is The Mega Backdoor Plausible For The Self-Employed? 41:03 - Roth IRA Conversions 43:15 - Addressing The Uncertainty Around The Employer Maximum 53:40 - ACA Plans and Navigating Health Insurance As A Solopreneur 63:34 - What Counts As Income? 68:41 - Conclusion Resources Mentioned In Today’s Episode: Paying Taxes When You're Self-Employed IRS Publication 560 IRS Form 8962 Instructions on Premium Tax Credit IRS Publication 974 Premium Tax Credit Creating Your Dream Job | ChooseFI Ep 117R Roth IRA Conversion Ladder Case Study | ChooseFI 163R Healthcare.gov ACA Plans Cody Garrett's Tweet Illustrating ACA Medical Insurance Premiums and PTCs Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: taking action, travel rewards, career progression, the mission to net zero, and value propositions for college. Whether you were raised to live frugally or if the lessons and lifestyle of FI are just now being introduced into your life, the journey to FI is full of ebbs and flow, not only with your finances, but with the knowledge you pick up along the way. This week we are joined by Audrey to talk about her journey with FI, her path to intentionality, and to discuss the power of optimization. Everyone who begins the FI journey comes from a different place of financial literacy, and a lot of the times we may grow up following the “do’s and don’ts” of financial planning that we were raised with. However, you may be missing out on new ways to optimize your FI journey! The best part about FI is that it's a personal journey that allows you to learn new ways to plan, as well as new ways to reallocate your savings and spending in order to live your best life in the present and future!  Timestamps: 1:53 - Introduction 5:03 - Natural Savers 8:25 - Value Propositions For College 11:40 - Tackling Student Loans, The Mission To Net Zero 20:50 - Traveling On Points/Travel Rewards Cards 28:59 - Travel Rewards Hotel Strategy and Point Optimization 32:23 - Credit Cards and Children/Second Generation FI Training 34:50 - Taking Action In Your Post-Debt Life And Evolving 42:16 - Career Progression and Optimization 47:18 - Audrey Takes The Hot Seat 55:24 - Conclusion Resources Mentioned In Today’s Episode: Dave Ramsey Step-By-Step Guide to a (Nearly) Free Disney Vacation (2022) Travel Rewards Refresher 2022 | Lyn Mettler | ChooseFI Ep 393 The Tail End "Die With Zero" By Bill Perkins TalentStacker's Salesforce Career Development Program Making The Case For Part Time With Bradley Rice | ChooseFI Ep 117 From Pandemic Layoff to $100k+ | A Salesforce Success Story | ChooseFI Ep 297 From Stay At Home Parents to High Paying Salesforce Careers in Under 6 Months | Salesforce For Everyone Mama Bear Apologetics All the Hacks Join ChooseFI's Facebook Group! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: growth during the job hunt, exploring entrepreneurship, tips for career growth, and second generation FI. It's only natural that on the journey to FI you will want to pivot. Whether it is your financial outlook or even your career outlook, it's only natural to have reservations about making a change that could benefit you in the long run.  On this week’s episode of  The Households of FI, we are joined by Kristi to fill us in on how her FI journey is going, as well as discuss the topic of “leveling-up”. Changing jobs or moving on to the next career chapter while on the journey to FI can seem farfetched, because often times we want to stick to what is familiar and what is more in line with our plan. However, there is no shame in expanding your network and your options in terms of finding better employment that is more aligned with your values! Don't be afraid to be “un-stuck” and see what career options you have, and make sure you are surrounded by those who are aligned with the same principles as you are!  Timestamps: 2:03 - Introduction 3:41 - An Update From Kristy 5:53 - Growth During The Job Hunt 13:03 - Tips For Career Growth 19:45 - Exploring Entrepreneurship 23:39 - The Finances Of Engagement 27:07 - Being On The Same Page Financially As Your Partner 31:48 - Where Is Your Salary Raise Going? 38:59 - Laying The Seeds For Second Generation FI 51:52 - Conclusion Resources Mentioned In Today’s Episode: Kristi & Big Ern | ChooseFI Ep 259 Is My Company’s Stock Overpriced | P/E Ratio Explained | ChooseFI Ep 314 Career Hacking With ESI Money | ChooseFI Ep 23 Negotiate Your Salary With Tori Dunlap | ChooseFI Ep 147 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | ChooseFI Ep 211 Rebel Entrepreneur Alan and Katie Donegan's Free Extraordinary Life Course Money With Katie | Katie Gatti | ChooseFI Ep 399 Transition Planning from a Military Career on the Path to FI | ChooseFI Ep 296 The Simple Startup Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with

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: Flexible Spending Rules For Early Retirees | ChooseFI Ep 176 JL Collins "The Simple Path to Wealth: Your road map to financial independence and a rich, free life" by JL Collins "Influence: The Psychology of Persuasion" by Robert B. Cialdini The Knowledge Project "Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James Clear The Trades Path To FI | Captain DIY | ChooseFI Ep 103 The 18-Year-Old Who Actually Listened | Ep 388 Just Keep Buying | Nick Maggiulli | Ep 404 Leasehackr "Four Thousand Weeks: Time Management for Mortal" by Oliver Burkeman Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: 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 Website: ofdollarsanddata.com Book: Just Keep Buying: Proven Ways to Save Money And Build Your Wealth Twitter: @dollarsanddata Instagram: @nickmaggiulli Brian Feroldi Website: The Motley Fool Book: Why Does The Stock Market Go Up? Twitter: @BrianFeroldi 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 3 words got me 3 MILLION SUBSCRIBERS "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "The Tail End" By Tim Urban Peter Attia Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: 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: Website: playingwithfire.com Documentary: Playing With FIRE Book: Playing With FIRE 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: Playing With FIRE | Documentary | Scott Rieckens | ChooseFI Ep 37 "The Happiness Advantage: The Seven Principles of Positive Psychology That Fuel Success and Performance at Work" by Shawn Achor The Tim Ferris Show The Great Man Within "Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts" by Annie Duke More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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:  Introducing Our Households of FI!! Part 1 | Ep 221 If People Can Do It I Can Do It Too | Vivian Connects With Leslie Tayne | Households Of Fi | Ep 255 Navigating a Multigenerational Household | The Financial Tortoise | EP 302 Brian Feroldi JL Collins "Just Keep Buying: Proven Ways to Save Money And Build Your Wealth" By Nick Maggiulli Mega Backdoor Roths: How They Work More Helpful Links and Resources:  Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: modernfimily.com Instagram: @modernfimily 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 Modern FImily With Court | ChooseFI Ep 166 Your Flex Rate: The Crucial Factor Behind A Successful Early Retirement Find Your Local ChooseFI Group! Early Retirement Now Living Frugal Frugalwoods | Save 75% Of Your Take Home Pay | ChooseFI Ep 12 Subscribe to the FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: Households of FI-Zach and Marilyn Talk Real Estate Investing With Paula Pant | ChooseFI Ep 247 Discovering the Power of FU Money | ChooseFI Ep 321 Side Hustle Nation "$1,000 100 Ways: How Real People Make Real Money on the Side (and how you can too)" by Nick Loper The Unfair (FI) Advantage Of Teachers | 457b | ChooseFI Ep. 13 Early Retirement Now "The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich" by Tim Ferriss Subscribe To The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: moneywithkatie.com Podcast: The Money With Katie Show Twitter: @moneywithkatie Instagram: @moneywithkatie 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 Young Money The Mad Fientist Meet the Frugalwoods | Achieving FI Through Simple Living | ChooseFI Ep 65 Paul Merriman Introduces The Ultimate Buy And Hold Portfolio | ChooseFI Ep 130 Paul Merriman | ChooseFI Ep 290 M1 Pies: Level Up Your Dividend Strategy and Optimize Your Portfolio Like a Pro (2022) "Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required" by Kristy Shen and Bryce Leung The Huberman Lab Podcast The BiggerPockets Money Podcast Subscibe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: Introducing Our Households of FI!! Part 1 | ChooseFI Ep 221 Households of FI-Troy & Lindsay and Brad Calculate Their FI Number | ChooseFI Ep 241 Mr Money Mustache The Mad Fientist The Great Man Within Level Up In Tech Udemy A Cloud Guru TalentStacker's Salesforce Career Development Program The BiggerPockets Money Podcast 1500 Days to Freedom Should I Refinance My Mortgage? | Ep 167R New Retirement Negotiate Your Salary With Tori Dunlap | Ep 147 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | Ep 211 "Raising Your Money-Savvy Family For Next Generation Financial Independence" By Carol Pittner and Doug Nordman Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: Join ChooseFI's Facebook Group! Yubico Lastpass 1Password KeePass Why You Need A Legacy Binder JL Collins Die With Zero: Getting All You Can from Your Money and Your Life By Bill Perkins RunnersFI Suggested Books Libby Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Early Retirement Extreme Mr Money Mustache HSA – The Ultimate Retirement Account in 2022 Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18 A Second Generation FI Case Study | Cody Berman FlytoFI | ChooseFI Ep 83 All The Hacks The High Cost Of Living Path To FI | ChooseFI Ep 41 JL Collins Brian Feroldi Check Out ChooseFI On Facebook Find Your Local Group! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: Website: The Debtist Instagram: @thedebtist 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: HyperDebt | The Debtist | ChooseFI Episode 98 The Student Loan Planner The Student Loan Reset | The Student Loan Planner | ChooseFI Ep 391 Travel Rewards Refresher 2022 | Lyn Mettler | ChooseFI Ep 393 Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 You Need A Budget (YNAB) Do You Need A Budget? | YNAB | ChooseFI Episode 165 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: Check out these sites to see if your someones much needed match! Be The Match One Match Two fantastic groups in the cancer community that Boyd loves and trusts! Gryt Health Man Up To Cancer Connect With Boyd Facebook: From Blood Cancer To The Boston Marathon Instagram: @from_blood_cancer_to_boston 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: "Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert T Kiyosaki "Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom" by Robert T Kiyosake American Red Cross Todoist The Motley Fool Travel Rewards What Comes After Chase | Travel To Disney World For Nearly Free | ChooseFI Episode 31 Step-By-Step Guide to a (Nearly) Free Disney Vacation (2022) Atomic Habits | James Clear | ChooseFI Episode 157 The Student Loan Reset | The Student Loan Planner | ChooseFI Ep 391 Boyd Meeting His Donor Nathan! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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: The Chase Sapphire Preferred® Card Review ChooseFI's List of Travel Rewards Cards Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 Travel Rewards What Comes After Chase | Travel To Disney World For Nearly Free | ChooseFI Ep 31 Travel Rewards | Marla Taner | ChooseFI Ep 77 Families Fly Free | ChooseFI Ep 353 Turo Airbnb Vrbo Vacasa David's Vacation Club Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Choose FI: Your Blueprint to Financial Independence Alan Donegan Coach Carson Scott Trench How Real Estate Investors Make it Work in High Interest Environments | Coach Carson | Ep 387 Mr. Money Mustache Side Hustle Nation Join ChooseFI's Facebook Group Book your custom student loan plan with Student Loan Planner Your Money or Your Life by Joe Dominguez, Vicki Robin, and Mr Money Mustache Find Your Local ChooseFI Group! Leave Us a Voicemail Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Book a personalized consultation with The Student Loan Planner team (including an automatic $100 discount for ChooseFI listeners!) 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 studentaid.gov Book Your Custom Student Loan Plan Student Loan Planner with Travis Hornsby | ChooseFI Ep 202 Student Loan Debt Repayment | Travis Hornsby | ChooseFI Ep 78 Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: jordangrumet.com Book: Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life Podcast: Earn & Invest Blog: DiverseFI 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 Real Estate & Financial Independence Podcast with Coach Carson Ordinary Sherpa "Die With Zero" by Bill Perkins JL Collins "The Tail End" by Tim Urban Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Twitter: @BrianFeroldi YouTube: Brian Feroldi Website: brianferoldi.com 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 Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage by Mary Buffett and David Clark https://www.fool.com/author/14471/ Stock Fundamentals With Brian Feroldi | ChooseFI Ep 200 Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Episode Subscribe to The FI Weekly! Virginia's Community Colleges Miss Excel From Pandemic Layoff to $100k+ | A Salesforce Success Story |EP 297 Free Salesforce 5-Day Challenge Salesforce: A Lucrative Career and No Degree or Tech Background Needed 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: coachcarson.com YouTube: Coach Carson TV Podcast: Real Estate and Financial Independence Podcast 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 Resources Mentioned In Today’s Episode Redfin Zillow Paula Pant, Afford Anything Find your Local ChooseFI Group! BiggerPockets Forums Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: millionaireeducator.com Twitter: @GerryBorn 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 How To Test Out of College While You’re Still In High School | Millionaire Educator | ChooseFI Ep 238 Sophia Learning Modern States Credly Study.com Sophia Learning's Partners A $7,500 College Degree in 12 Months? Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Episode Functionality with Numbers | Ep 384 Subscribe to The FI Weekly! Join ChooseFI's Facebook Group! Playing With FIRE Discovering the Power of FU Money | ChooseFI Ep 321 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Episode The Tim Ferris Show Episode #604 Edward O. Thorpe How To Decide With Annie Duke | ChooseFI Ep 262 "Thinking in Bets" by Annie Duke Risk Parity Radio The Simple Path to Wealth Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile

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 Website: The Fioneers Coaching: Design A Life You Love Twitter: @TheFioneers Instagram: Thefioneers Facebook: Slow FI Enthusiasts 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 Resources Mentioned In Today’s Conversation Managing Stress by Leveraging FI | The Fioneers | Ep 229 A Deep Dive into Lifestyle Design Coast FI vs. Slow FI: What's the Difference? You are Not Your Work: How to Reclaim Your Identity Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile  

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 Resources Mentioned In Today’s Conversation The Tail End Subscribe to The FI Weekly! Common Sense Spending Guidelines | Housing | Ep 381 Blockchain, Smart Contracts, and NFT’s | EP 361 Blockchain, Smart Contracts, and NFT’s Part 2 | EP 362 Pump and Dump | EP 323 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Can I Get An Extension, Please? | ChooseFI Ep 372 TurboTax Subscribe to The FI Weekly! SmartAsset The Happy Philosopher Chad Carson Paula Pant 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile 🌏 Exclusive! Grab the NordVPN deal ➼ https://nordvpn.com/choosefi Try it risk-free now with a 30-day money-back guarantee! ✌

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 Dropbox Blockchain, Smart Contracts, and NFT’s | EP 361 Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile  

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 Website: Talent Stacker Podcast: The Salesforce for Everyone Podcast 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 From Pandemic Layoff to $100k+ | A Salesforce Success Story | ChooseFI Ep 297 Making The Case For Part Time With Bradley Rice | ChooseFI Ep 117 Negotiate Your Salary With Tori Dunlap | ChooseFI Ep 147 Check Out The FI Weekly! The Role Of Bonds In A Portfolio | ChooseFI Ep 194 Are You as Diversified as You Think You Are? With Frank Vasquez | ChooseFI EP 313 Talent Stacker 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Conversation Glide Path to Retirement During Uncertainty | ChooseFI Ep 377 Subscribe to The FI Weekly! Early Retirement Extreme Career Hacking With ESI Money | ChooseFI Ep 23 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | ChooseFI Ep 211 Glassdoor Influence: The Psychology of Persuasion by Robert B. Cialdini Salesforce: A Lucrative Career and No Degree or Tech Background Needed 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Conversation Step-By-Step Guide To A Free Disney World Vacation Early Retirement Now The Retirement Manifesto Your Money Or Your Life By Vicki Robin, Joe Dominguez, and Mr Money Mustache Drawdown Strategy | The Retirement Manifesto | ChooseFI Ep 43 What Does Inflation Mean For Investors With Big ERN | ChooseFI Ep 331 Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Website: The FI Tax Guy Blog: The FI Tax Guy Blog 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 Resources Mentioned In Today’s Conversation The Four Backstops to then Four Percent Rule Financial Resilience in a Bear Market | ChooseFI Episode 172 Early Retirement and Social Security Early Retirement Now Financial 180 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Conversation Find The Article Mentioned By Brad and Jonathan Here! KiwiCo The Tim Ferris Show Check Out ChooseFI's Financial Independence A to Z series! Subscribe to The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

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 Resources Mentioned In Today’s Conversation The Stacking Benjamins Podcast Wellbeing Monthly Budget Tool Vertex42 Afford Anything With Paula Pant Tiller Money YNAB Do You Need A Budget? | ChooseFI Episode 165 Intuit Mint Dave Ramsey's Envelope System EveryDollar It's Your Money Excel Deluxe Envelope Check Registrar Personal Capital Subscribe To The FI Weekly! 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 Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile