551 episodes

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 The Unstuck Network

    • Business
    • 4.9 • 125 Ratings

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.

    390 | Taking Stock of Your Life | Jordan Grumet

    390 | Taking Stock of Your Life | Jordan Grumet

    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

    • 51 min
    389 | The Language of Business

    389 | The Language of Business

    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

    • 51 min
    388 | The 18-Year-Old Who Actually Listened

    388 | The 18-Year-Old Who Actually Listened

    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

    • 55 min
    387 | How Real Estate Investors Make it Work in High Interest Environments | Coach Carson

    387 | How Real Estate Investors Make it Work in High Interest Environments | Coach Carson

    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

    • 1 hr 2 min
    386 | The $100K Glorified Sleepaway Camp | Millionaire Educator

    386 | The $100K Glorified Sleepaway Camp | Millionaire Educator

    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

    • 55 min
    385 | Time Is Your Ultimate Luxury

    385 | Time Is Your Ultimate Luxury

    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

    • 55 min

Customer Reviews

4.9 out of 5
125 Ratings

125 Ratings

jabir, venice! ,

ESSENTIALL

I want to thank for you spreading these knowledge!! I love the fact that you guys are appassionate about community! Love from Venice, Italy

SuffolkRetro ,

Insightful & Impactful

For anyone interested in a side hustle or full on entrepreneurship, this is a must listen. Short, simple advice that offers great value. Really enjoy listening and always learn something. Alan’s style is great and very relevant to UK listeners where some of the FI group can be US only.

Lelo LL ,

Ongoing motivation and support

Just a quick review from me to say thanks so much for producing this great podcast. It’s packed full of practical information and I find it really helps me keep on the straight and narrow. Discovering the FI concept has been life changing in all aspects of my life and this podcast just helps me join up the dots and keep on the right path.

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