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How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.

ChooseFI ChooseFI

    • Wirtschaft
    • 4,8 • 16 Bewertungen

How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.

    484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

    484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

    In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values.

    This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life, once you have that freedom, take advantage of it like the Allen’s have!
    Timestamps: 1:25 – Introduction/The FI Mindset 9:02 – Budgeting/Wants and Needs 14:59 – Side Hustles 21:02 – Financial Literacy to FI 23:29 – Tax Planning/Travel Rewards 29:11 – College Hacking 42:05 – Living Your Values and Taking Time Off 48:39 – The Importance of Knowing the Rules 53:48 – Traveling Like a Pro 69:25 – Conclusion Resources Mentioned In Today’s Episode: Dave Ramsey Travel Rewards | ChooseFI Preparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460 The 10 Pillars Of FI Modern States The $100K Glorified Sleepaway Camp | Millionaire Educator | ChooseFI Ep 386 All the Hacks Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount) Get a cheaper phone plan with Mint Mobile

    • 1 Std. 7 Min.
    483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars

    483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars

    In this episode: building a giving framework, the giving pledge, compound impact, donor advised funds, and different ways to give.
    Is it better to give to charity in a lump sum versus incrementally? What are the tax implications of donating? What are the benefits of using donor advised funds? This week we answer these questions and more with the help of Rebecca Herbst and Jack Lewars as we discuss charitable donations and effective giving while on the FI journey. A large part of FI is taking actionable steps to improve your life, but this journey also opens up opportunities to improve the life of others. While navigating donations while on the path to FI can seem tricky because we are so focused on attaining our FI numbers, there are still many ways you can give back and make a difference. Creating the habit of effective giving can help you leave an impact on yourself and the world at large! There are many resources available that can help calculate what you can give while remaining on the FI track, as well as help you see how your donations are making a difference! 
    Rebecca Herbst & Jack Lewars: Yield and Spread: yieldandspread.org Rebecca’s Coaching Program: Coaching for do-gooders 1 For The World: 1fortheworld.org Jack’s LinkedIn: Jack Lewars Timestamps: 1:37 – Introduction 4:24 – The Giving Pledge 11:59 – Building A Framework And Effective Giving 23:20 – Should You Get To FI Before You Give? 33:12 – Compound Impact 39:48 – Feedback From Giving And Fun Funds 51:08 – Different Ways To Give 61:09 – Donating Appreciated Stocks 66:59 – Conclusion Resources Mentioned In Today’s Episode: Join Your Local ChooseFI Group “The Life You Can Save: How to do your part to end world poverty” by Peter Singer School of Hard Knocks “Practical Ethics” by Peter Singer GiveWell The Life You Can Save “Die With Zero: Getting All You Can from Your Money and Your Life” by Bill Perkins Yield & Spread’s DAF Series “Doing Good Better: How Effective Altruism Can Help You Help Others, Do Work that Matters, and Make Smarter Choices about Giving Back” by William MacAskill Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount)

    • 1 Std. 10 Min.
    482 | Update: Are Remote Tech Careers Still Relevant in 2024? | Bradley Rice

    482 | Update: Are Remote Tech Careers Still Relevant in 2024? | Bradley Rice

    In this episode: salesforce, lifestyle design, testimonials and verification, the hidden job market, and talentstacking.

    Once again joined by friend of the show Bradley Rice, the owner and creator of TalentStacker, to update us on the value of SalesForce and career pivoting in 2024. While on the FI journey, you are actively creating the life you want to live. For many that means transitioning out of their life-long careers and opting for ones that offer something different and more accustomed to the life you’re creating. Learning a new skill or starting a side hustle can be the first step to finding that new career, and finding a program that works for you should offer more than just a certification, but assist you in finding new opportunities and a community that supports you!
    Bradley Rice: Website: talentstacker.com Facebook: Salesforce for Everyone Salesforce 5 Day Challenge: Take the FREE 5-Day Challenge Podcast: Salesforce for Everyone Timestamps: 1:38 – Introduction 4:17 – Work, Lifestyle Design, and Talentstacking 10:15 – Testimonials, Doing Your Research, and Verification 14:55 – The Hidden Job Market 19:36 – Entering a Salesforce Career with Talentstacker 26:39 – Salesforce Security 32:25 – Conclusion Resources Mentioned In Today’s Episode: The Hidden Job Market | ChooseFI Ep 379 CampFI Making The Case For Part Time With Bradley Rice | ChooseFI Ep 117 Trailhead Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount)

    • 34 Min.
    481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura

    481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura

    In this episode: caregiving and FI, retirement planning, reverse mortgages, long-term care, and long-term care insurance.
    This week we are joined by Danielle Miura to discuss how her experience as a caregiver has impacted her FI mindset, as well as answer listener questions pertaining to planning for your own long-term care while on the path to FI. As you and your loved ones get older, it’s important to start considering what additional finances they may require. From long-term healthcare to assisted living, there are many factors that not only impact their life financially, but could impact you and your FI plans. While it may be uncomfortable to have conversations with loved ones about their finances and expenses, it is imperative to have these discussions early and create a plan that works for you and your family.
    Danielle Miura: Website: spark-fin.com LinkedIn: Danielle Miura Twitter: @Daniellemiula Timestamps: 1:19 – Introduction 2:22 – Caregiving and FI 7:28 – Dealing With Poor Retirement Planning 15:38 – Reverse Mortgages and Viability of Selling The Home 21:41 – Having The Uncomfortable Conversation 24:40 – Planning For Your Final Years 32:41 – Long-Term Care and FI 36:10 – Long Term Care Insurance 45:30 – Conclusion Resources Mentioned In Today’s Episode: Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount)

    • 45 Min.
    480 | Update: Healthiest Year Ever | Dean Turner

    480 | Update: Healthiest Year Ever | Dean Turner

    In this episode: optimized exercise, recovering, machine use, increasing your healthspan, and long-term thinking.
    This week we are joined by Brad’s friend and personal trainer, Dean Turner, to discuss the changing landscape of strength training, and how principles such as consistency and adherence coupled with rest and recovery can also be applied to both your fitness and FI journey. We often talk about how the path to FI is not just about working towards a monetary goal, but rather creating a better life for yourself. For some this can mean taking a personal account of your health, and taking actionable steps to improve it. Just as making financial changes requires consistency, making physical changes requires the same. While these changes don’t happen overnight, these actions continuously build off of one another and make you stronger!
    Dean Turner:

    Twitter: @DeanTTraining Website: deanturnertraining.com
    Timestamps:

    2:30 - Introduction 3:41 - Optimized Exercise 9:13 - Recovering and Machine Use 20:51 - Increasing Your Healthspan 27:44 - Long-Term Thinking 29:48 - Conclusion Resources Mentioned In Today’s Episode: Your Bold Move for 2023 | Dominick Quartuccio | ChooseFI Ep 419 The New Science of Muscle James Clear, Atomic Habits — Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and More (#648) Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount)

    • 33 Min.
    479 | Are You on Track to FI? | FI Roundtable

    479 | Are You on Track to FI? | FI Roundtable

    In this episode: FI in your 20s, the boring middle, compounding, fat FI, compounding, checkpoints, and building a life.
    This week we are joined by Doug and Carl from the Mile High FI podcast to talk about their respective FI journeys and answer a listener question about pursuing FI in your 20s; as well share some tips for enjoying the experience and navigating times in the journey that can feel a bit slow. While figuring out your FI goal requires you to do some work to figure out your FI number, that number and the steps you take to reach that goal are all unique to the individual. That being said, it can be tricky at times to know if you are on the right track when the journey to FI is different for everyone. Remember, although this journey is about reaching financial independence, it’s also about changing and creating the life you want and joining a community that will always inspire you when times feel slow. 
    Mile High FI:

    Podcast: milehighfi.com Newsletter: Join the Mile High FI Club Timestamps:

    1:13 - Introduction 2:41 - Analyzing Finances In Your 20s 9:31 - Compounding Power 13:25 - The Boring Middle 21:01 - FI Role Models 26:41 - Building A Life On The Journey 35:01 - Fat FI 45:37 - Saving Versus Life Enhancement 54:21 - FI Checkpoints 57:52 - Conclusion Resources Mentioned In Today’s Episode:

    The Cure for the Boring Middle | Fioneers | ChooseFI Ep 472 Mr Money Mustache JL Collins "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett Mini-Retirements to Accelerate Your Path to FI | Jillian Johnsrud | ChooseFI Ep 451 The Stages and Checkpoints of FI | ChooseFI Ep 324 Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit Cards Empower: Free Dashboard to Track Your Finances CIT Bank Platinum Savings Account M1 Finance: Commission-Free Investing, 1-click rebalancing CashFreely: Maximize Your Cash Back Rewards Travel Freely: Track all your rewards cards and points Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off) Student Loan Planner: Custom Consult (with $100 Discount)

    • 59 Min.

Kundenrezensionen

4,8 von 5
16 Bewertungen

16 Bewertungen

Benniksuperstar ,

This podcast has changed my life!

The initial spark was the book ChooseFI – Your blueprint to Financial Independence which was followed by dozens of episodes of the ChooseFI podcast.

Here are the 10 most important things I have learned and changed in my first 3 months on my way to FI

1. FI = Freedom

I have never cared too much about money because my focus has always been on living a happy and fulfilled life.

Now, I’ve realized that it is the other way round: Pursuing FI (i.e. being conscious about your money) will give me the time and freedom to lead a happy and fulfilled life.

2. Investing is NO rocket science

By educating myself about investing, I’ve learned some basic rules about investing the “FI way” and changed my whole portfolio to low-cost ETFs.

Now I just add to my portfolio at the beginning of every month and watch it grow.

3. Track your finances

Once you start tracking your finances, you will see patterns that are nothing less than astonishing (and probably shocking as well).

4. Choose smart habits around money

Once you start recognizing your habits and spending patterns, you can begin to change them.

5. Be creative

There are many things where you just have to become a little bit smarter.

Examples:

Reading -> get the books in the library instead of quickly buying them on Amazon

Clothes -> I use less and I’ve learned how to fix little holes

Breakfast -> prepare a grab and go breakfastwhich is as good and way cheaper than a sandwich on the road

6. Enjoy free holidays

I got the idea from the podcast and it showed me that we have to challenge old beliefs from time to time.

Before that, I would have never touched the holiday budget. Now I’ve learned that there are ways to spend way less and have more fun, for example via trustedhousesitters.

7. Quit your gym (or sth. else you are getting no value from)

This is the best example for something I wasn’t really getting any value from but still paid lot’s of money for every month.

Now, I’ve got 100€ more in my pocket each month and I’ve got more time to follow my real passions.

8. Get your spouse on board

This is a long, exciting and fun journey and I don’t want to go it alone. I am talking about those concepts with my spouse and I find it very enriching for our relationship.

Mostly because it is NOT just about money, but about how we want to lead our lives in general.

9. Find other people who can inspire and teach you

There are so many places to get inspiration from, both online and offline.

Online: I’ve started to get inspiration from blogs and podcasts on a daily basis. Quite often it is just a little gem you find in an episode or article, but adding them up leads to incremental improvements in your life, both financial and in general.

Offline: I’ve founded the ChooseFI Cologne group on Facebook and we had our first meet-up already. It is great to talk with people who are following the same path and share the same interests but do it under different circumstances and in different ways.

10. Share your ideas with others

I started to share my ideas and experiences on my blog:

www.herrzeitreich.de

So far, it has been a great experience for me to channel my thoughts and share them with the world. Hopefully, it can become a helpful resource for others as well!

Of course, I have included a FIRE Habit series and a FIRE Challenge series!

Best of all: I can’t wait to see what the next three months on my way to FI will teach me!

Thanks for this truly amazing podcast!

mbinna ,

Great podcast

Jonathan and Brad are doing a great job with ChooseFI. This podcast is the perfect companion to your favorite FI blogs.

Mdsmendes ,

Great support

I started my journey last summer and started investing this Jan. Put in 10k the Friday before this avalanche started and with that, put myself in a bit of an uncomfortable situation.
Nonetheless, the learnings I got from you and the community, from JL in particular and from your recent daily updates are of great help.
I can only wish the market does go back up. Till then, I’ll stay the course
Thank you guys. Stay safe and keep doing a great job for your community.

Cheers,
Miguel (a 34y medical doctor in Berlin, Germany)

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