88 episodes

Cody and Justin believe in the concept of "Financial Independence For All". The FI Show focuses on financial independence, personal development, and life optimization. Our topics include, but are not limited to building wealth, saving money, investing, side hustles, real estate, productivity travel rewards and so much more! Once you've graduated from the Dave Ramsey School and achieve debt freedom, you'll be looking for something else. Well, here it is! We cover ideas and thoughts from the greatest in this space such as Tim Ferriss, Mr. Money Mustache, Joe Rogan, Tony Robbins and more, but with our own personal twist. Welcome to a community of like-minded people who are taking back their time and their lives in the pursuit of financial independence. Are you ready to improve your life?

The FI Show Cody of Fly to FI and Justin aka Saving Sherpa

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Cody and Justin believe in the concept of "Financial Independence For All". The FI Show focuses on financial independence, personal development, and life optimization. Our topics include, but are not limited to building wealth, saving money, investing, side hustles, real estate, productivity travel rewards and so much more! Once you've graduated from the Dave Ramsey School and achieve debt freedom, you'll be looking for something else. Well, here it is! We cover ideas and thoughts from the greatest in this space such as Tim Ferriss, Mr. Money Mustache, Joe Rogan, Tony Robbins and more, but with our own personal twist. Welcome to a community of like-minded people who are taking back their time and their lives in the pursuit of financial independence. Are you ready to improve your life?

    From FatFIRE to LeanFIRE in a Month | Robert from Stop Ironing Shirts

    From FatFIRE to LeanFIRE in a Month | Robert from Stop Ironing Shirts

    Today's episode features Robert from Stop Ironing Shirts.



    Robert worked his way up the sales career path.



    Then in 2019, he retired with over 28x his annual expenses.



    Fast forward to today and he saw that shrink to 18x his expenses.



    People often always wonder what it would be like if they retired just before a crash.



    Now you have the opportunity to see how that looks first hand.



    Listen, learn, and let us know what you think about Robert's wild ride.

    Episode Summary

    Robert's Journey to FI



    * Robert didn't have much money growing up

    * He started noticing the people around him who did

    * Then he tried to reverse engineer how they got there

    * He contrasts how his grandparents had a structured career path and his parents didn't

    * His dad did end up in sales which is where Robert first found the career path



    Robert Finds His Career



    * He graduated high school in 2000

    * Robert thought he'd go into computer programming

    * That quickly changed when he hated programming

    * Then he got a department store job celling cell phones

    * This made him realize sales was for him

    * Robert goes over how sales have no politics or ambiguity in pay

    * It also means that you can make as much as you can perform



    Robert Experiences His First Crash



    * Robert talks about his experience with the 2008 crash

    * He talks about how his 401k was less than his contributions even with company match

    * Then he talks about how you just have to keep plugging away when it's dropping

    * Your earnings in a savings account simply can't keep up with inflation



    Robert Discovers FI



    * He talks about the life decisions he made once he discovered the FI movement in 2013

    * The canceled fancy hotels and tried to do some of their own home renovations

    * Some of those changes didn't pan out but the overall path was clear for them

    * They looked and felt like they could retire around 5 years from that moment

    * In 2015 he had a good job opportunity and it locked him into three more years

    * The timing worked out pretty well but pulling the trigger was still scary



    Crash Take 2



    * Robert now talks us through what life has been like during this latest crash

    * He went from Fat FIRE to Lean Fire in one month

    * Robert had also taken on a little side gig but was let go because of the turndown

    * He says at this point you just have to give up control

    * By this he means, just stay the course and don't do anything rash

    * Robert also gives us insight into which individual stocks may or may not be favorable as we come out of this crash

    * Especially focusing on companies that are getting bailouts which hinder investors

    * And rest easy, Robert says he's nowhere near considering full-time work



     

    Key Takeaways



    * Sell Your Salary: Robert walks us through the high earning potential that sales brings

    * Trust the Process: Losing 10x your annual expenses in a month can be disturbing but Robert isn't giving up on the process



    Call to Action



    Research some companies you're interested in, you don't have to make any individual stock purchases but it can be a fun exercise to vet companies that you may be interested in.



    Join the Community

    We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



    * Sign up for our exclusive newsletter

    • 51 min
    Cutting Expenses After Beating the Income Game | Dustin Mathews from WealthFit

    Cutting Expenses After Beating the Income Game | Dustin Mathews from WealthFit

    Today's episode features Dustin Mathews from WealthFit.



    Dustin worked for and built several businesses.



    Some of these businesses had huge incomes and expenses but Dustin found himself without a ton to show for it.



    Then Dustin discovers FI and starts radically changing how he lived and starts spreading financial advice himself.



    Listen, learn, and let us know what you think about Dustin's amazing turnaround.

    Episode Summary

    Dustin's Journey to FI



    * He attributes Rich Dad Poor Dad as his entry into FI

    * Most of his work / finance life was around building a business and selling it

    * He started out with some startups but then decided to create his own business

    * Dustin admits he didn't mind racking up debt for these businesses

    * He attributes his entrepreneur spirit from his mom



    Dustin's First Business



    * As part of a mastermind, he found someone who could use some marketing help

    * The business was selling courses around lines of credit for businesses

    *  A big recommendation Dustin give is doing lots of small changes and testing along the way.



    After Discovering FI



    * He walks us through the tough conversations with his wife

    * Dustin also said that for tracking expenses, a google sheet stuck with him where fancy apps didn't

    * Then Dustin got the opportunity to go work for Wealthfit



    Stepping Back to His Six-Figure Courses



    * He starts getting involved in product launches which were very profitable

    * Then he starts a seminar business around teaching others to do product launches

    * These seminars could bring in over $1M a year

    * That would be over $250k over three days

    * It's important to remember that was gross income

    * The business kept sprawling with more expenses

    * On top of that, Dustin was spending all his money without worrying about saving



    Teaching Others From His Mistakes



    * When Dustin got the opportunity to work at Wealthfit he was excited

    * Excited to help others avoid mistakes he made with his businesses and personally grow

    * He calls Wealthfit the Netflix of personal finance

    * They have courses and materials around both personal finance and entrepreneurship/side hustles

    * We wrap up with Dustin sharing how he landed Dennis Rodman on his podcast



     

    Key Takeaways



    * Easy Come, Easy Go: It's awesome to grow your income but you need both intentional spending and income in order to make progress

    * Lift others with your mistakes: We loved how Dustin brings his knowledge and opens up about his failures in a way to help others

    * People can change: Dustin has felt what it's like to live a life full of expenses and huge incomes but the FI message still resonated eventually



    Call to Action



    Slow down a little if you still haven't found your purpose and re-evaluate that your money and effort are aligned with your goals.



    Join the Community

    We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



    * Sign up for our exclusive newsletter

    * Join our Facebook Group

    * Leave us a voicemail

    * Send an email to contact [at] TheFIshow [dot] com



    If you like what you hear, please leave a rating/review!



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    • 44 min
    Realizing the Positives During Negative Times

    Realizing the Positives During Negative Times

    In today's episode, you'll hear from your hosts only. Hopefully, you find some comfort in today's episode during this uncertain time.



    This episode is covering the Coronavirus, how it impacts us mentally, physically, and financially even if we're lucky enough to avoid getting sick.



    These are certainly tough times but we hope there are some bright spots you can use as motivation to get through this.



    We don't know how long this could last, so let's get through this prepared and together.



    Listen, learn, and let us know what you think.

    Episode Summary

    Topics Covered in Todays Podcast Focusing on Coronavirus and FI



    We start off covering  current correction



    We’re currently at late 2016 levels





    Then talk through scenarios if you pulled out of the market in 2008 and stayed out for X number of years



    Even if you invested at the height of the market (September 2008), your annualized, inflation-adjusted return as of March 2020 is 4.5%





    Federal tax filing deadlines and payments extended to July 15 (including estimated quarterly payments)

    Cover importance of  having an emergency fund

    Briefly touch on unemployment benefits

    Share our thoughts on if we get stimulus checks, what you could do with it 

    Go over side hustling / extra income ideas

    We look at how you can support local businesses and yourself



    Do you have tech skills? Help companies go digital as a consultant





    Share our opinions on stopping the spread of the virus (incubation period, social distancing, etc.)

    Give insight into our own personal impacts with travel etc

    Brainstorm some low cost/ free hobbies you can do online

    Help you see how Zoom/Skype tech can replace happy hours and social events 

    Emphasize fitness while quarantined 

    Try to highlight the money you'll be saving during a quarantine 

    Then look to share some potential escapes you can still do that are quarantine friendly



    Running 

    Camping 

    Biking 

    Photography 

    Road trips 





    We go into over-preparing, mentally and financially, for the potential that life remains in an altered state for many months

    Finally, we remind you that now is the perfect time for projects you've been putting off, now is the perfect time to accomplish



     

    Key Takeaways



    * This could take time: We have to plan both mentally and financially for uncertain times to consider for many months.

    * Silver Linings: It's certainly not a situation any of us want to be in, but what can we do to come out of this as strong as possible?

    * FI is here to stay: There are voices out there calling for the end of FI, but there will never be a reason to stop aligning your spending to your values, living responsibly, and educating yourself on finances.



    Call to Action



    Really think through and put together a plan for how you can last 8+ months living in this way that covers you financially, emotionally, and physically



    Join the Community

    We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



    * Sign up for our exclusive newsletter

    * Join our Facebook Group

    * Leave us a voicemail

    * Send an email to contact [at] TheFIshow [dot] com



    If you like what you hear, please leave a rating/review!



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    • 31 min
    Starting a Six-Figure Food Tour Company | Christine Hughey

    Starting a Six-Figure Food Tour Company | Christine Hughey

    Today's episode features Christine Hughey who owns A Little Local Flavor food tour business.



    Christine navigated several cities and years to land her dream job in Nashville.



    Then shortly after, Christine would be celebrating a new marriage and devastated by their household income dropping from $120k to $35k.



    At the bottom, she took a challenge to start her own business and in no time had created a six-figure food tour company that is growing at leaps and bounds.



    Listen, learn, and let us know what you think about Christine's amazing turnaround.

    Episode Summary

    Christine's background



    * She feels like she had a better than average financial understanding growing up

    * Christine would go visit who are Grandmother who tasked them with tracking stock prices

    * Her Grandmother would also buy them small stocks in companies they understood

    * It gave them something to chat about over their times apart

    * Christine admits that she took all those lessons for granted until much later

    * When it was time to go to college, Christine wanted to get into the print industry

    * This ended up requiring her to get an engineering degree at the college she was at

    * From there she moved to Colorado and got a job she did not enjoy



    Journey Towards FI



    * In 2006 she is making around $35k per year and saving around $200 per month

    * She also realized a true engineering job wasn't going to be there for her in Denver

    * From there she moved to a small town in Texas for a few years

    * Then her dream job opened up in Nashville, TN



    Things Begin to Fall Apart



    * We're now entering 2013 on the journey and Christine is hitting her groove

    * Until she is shocked to find out that she'll be losing that dream job quickly after starting

    * Leading up to this, they had tried to push more and more work on her with no increased pay

    * Christine's husband helped her through this down period

    * Then she got a new contract for a dream job as an engineer and things were looking up

    * Then six weeks after their honeymoon, that new contract got pulled and she was unemployed

    * On top of this, her husband lost his largest income-generating gig

    * Six weeks after their honeymoon they saw their pay get cut from $120k to $35k

    * They started cutting all expenses and downsizing their house

    * Christine admits that the whole experience was crushing

    * She vowed to never let one company be the source of her income



    The turnaround



    * Christine finally finds work at a food tour company in Nashville

    * The hours are long and the pay had gotten cut in half

    * Then January 2018 happened and her life completely changed

    * This was when she attended her first financial independence event

    * Christine attended CampFI down in Florida

    * At the conference, she was challenged to start her own food tour company

    * When she got home, she quit her job and started her own business that May

    * This was the start of A Little Local Flavor



    Building a Six-Figure Business



    * Christine admits she was out of her comfort zone

    * What got her through was just taking one small step every day

    * Most of her education came from podcasts

    * It took some time for her to shed being an engineer as her identity

    * As she built her team she had several keys she wanted to hit

    * Some things she wanted was to fair pay, have strong values, and a good work environment

    * She then layers in lots of bonuses into her employees' pay

    • 47 min
    When Can I Retire? | Tyson Koska from OnTrajectory

    When Can I Retire? | Tyson Koska from OnTrajectory

    Today's episode features Tyson Koska from OnTrajectory.



    Tyson joined the Army when he didn't have enough money to go to the college he wanted.



    Later, he would end up with an English and Philosophy degree which didn't land him a job.



    He fell back on an old skill of programming and up-skilled his way into eventually making six figures.



    Listen, learn, and let us know what you think about Tyson's amazing turnaround.

    Episode Summary

    Tyson's background



    * From a young age, he had jobs and tried to make his own money

    * His goal has always been to be independent

    * When it was time to go to college his parents offered to help

    * But for them to do so he would have to live at home

    * Instead, he decided to join the Army and became a helicopter pilot

    * Tyson admitted he made a lot of missteps when he first started working

    * He blew all his money and racked up credit cards



    Reinventing and Up-Skilling



    * He left the military in 1992

    * In the end, he would end up in that little local college after all

    * Tyson decided to study English and philosophy

    * Those majors didn't provide any job prospects

    * Tyson fell back on his old skill of programming that he learned at age 13

    * This spun into a job and a pipeline for up-skilling

    * Over that stint, he would climb from $30k income to over $100k

    * His income was increasing but so was his spending

    * Tyson says that was largely due to marrying the wrong person

    * Then we discussed what really flipped the switch for him

    * He recalls a friend who wanted to open a McDonald's

    * His friend said he needed $100k to do so

    * That sounded like a ridiculous amount of money to him but inspired him



    Creating OnTrajectory



    * Another big turning point was when his second kid was on the way

    * There was so much unknown and he couldn't find a tool to help him plan for them

    * This need led him to build OnTrajectory

    * Now he sees both individuals and advisory firms using the tool

    * It's also available for a free 30-day trial with no credit card needed to sign up

    * Then Tyson walks us through all the incredible detail you can get from the app

    * There are walkthroughs on YouTube as well as several guides

    * It's a really cool tool that allows you to insert tons of complicated life events into your projections



     

    Key Takeaways



    * Mistakes Happen: Tyson calls out several missteps but he learns from them instead of dwelling on them

    * Life is Complicated: OnTrajectory was born out of this idea to model all the crazy life events we can run into



    Call to Action



    Head on over to OnTrajectory to start your 30-day free trial and see what your plan looks like with all those important life moments.



    Join the Community

    We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



    * Sign up for our exclusive newsletter

    * Join our Facebook Group

    * Leave us a voicemail

    * Send an email to contact [at] TheFIshow [dot] com



    If you like what you hear, please leave a rating/review!



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    • 44 min
    Learning How to Bounce Back From Your Failures | Josh Overmyer

    Learning How to Bounce Back From Your Failures | Josh Overmyer

    Today's episode features Josh Overmyer from JoshOvermyer.com



    Josh lost his job and a major chunk of his home value in 2009.



    That would force him back under his parents' roof for two years.



    Luckily he turned things around and discovered FI but it wasn't all roses.



    Josh takes us through that whole journey including bouncing back from failures with precious metals, penny stocks and peer to peer lending.



    Listen, learn, and let us know what you think.

    Episode Summary

    Josh's background



    * Grew up in small-town Indiana

    * Dad worked in a factory, Mom works as HR manager both 20+ year careers

    * First in his family with a 4-year degree

    * He majored in Urban development

    * Moved down to Fort Myers Florida in 2005



    The Great Recession Hits



    * Then the recession hit and work came to a halt

    * Then in July 2009, he lost his job

    * Josh then moved back home to stay above water

    * He had bought a house that saw its value get severely lowered

    * Josh had to keep up a low-cost lifestyle for two years

    * He averaged $19k in spending

    * Josh would move out of his parents' house in 2011



    Bumpy Path to FI



    * Then he started finding FI/RE bloggers like J Money

    * Josh eventually found a job in grant administration

    * Then Josh starts talking about the failures he’s learned from

    * These include investing in precious metals, penny stocks, and peer to peer lending



    Hitting His Stride



    * Josh would land a new job back down in Florida

    * At the exact same time, he would start driving for Uber

    * He just kept saving and saving

    * July of 2017 he started maxing out his 457

    * Over his 3.5 years working in Florida he would start at  30% and ramp-up

    * Josh then covers all the activities he takes place in the FI community

    * In his day to day life, he doesn’t have people to talk about Finance with

    * But through FinCon and CampFI he has found his people 

    * He has also credited Travel Rewards as the biggest game-changer for him

    * The whole 3.5 years he worked he didn’t have vacation so he saved points

    * Now he’s utilizing those points and recommends the Capital One credit card

    * Josh then talks about how to hit those minimum spends



     

    Key Takeaways



    * Life hits hard: Josh never could have seen his world flipped upside down from the recession, but it did and he wasn't prepared

    * Learning from mistakes: Josh tried several different angles at investing before finding his groove

    * Stay Positive: Josh is so upbeat about his story and now in a great place and will be ready for the next market challenge



    Call to Action



    Head over to our Facebook Group and let us know a failure you've had and what you learned from it.



    Join the Community

    We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



    * Sign up for our exclusive newsletter

    * Join our Facebook Group

    * Leave us a voicemail

    * Send an email to contact [at] TheFIshow [dot] com



    If you like what you hear, please leave a rating/review!



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    • 39 min

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