FILIGHTER Podcast with Lambo Lambo

Lambo returns with first episode in 2023
We reflect on the past year and discuss Priorities, Goals, Communication, and types of FI (Financial Independence)  Coast FI, Lean FI, FI, and Fat FI
 
Disclaimer:
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual.
Episode Recorded Tuesday, November 14th, 2023
FI-light-ER WEBSITE and BLOG:
www.filighter.com
Facebook Group
Email:
lambothefilighter@gmail.com
Remember our FILIGHTER Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music (Available on iTunes or Spotify): Another Day – MJ Torrance

Episode 16 Sean Mullaney – FI TAX GUY – SOLO 401(k): The Solopreneur’s Retirement Account
Episode 16 Show Notes-->
Book Link on Amazon 
SOLO 401(k) The Solopreneur’s Retirement Account
FIRE Tax Strategies for Beginners: https://fitaxguy.com/top-four-tax-moves-for-financial-independence-beginners/
QBI Deduction for Beginners: https://fitaxguy.com/section-199a-for-beginners/
Sean's Twitter: @seanmoneyandtax
Sean's Website: FITaxGuy.com
Sean's YouTube Channel: Sean Mullaney - YouTube
Other Mention: CampFI Southwest October 7-10, 2022
Disclaimer:
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual.
*Correction: Episode Recorded Wednesday, September 28th, 2022
FI-light-ER WEBSITE and BLOG:
www.filighter.com
Facebook Group
Email:
lambothefilighter@gmail.com
Remember our FILIGHTER Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music (Available on iTunes or Spotify): Another Day – MJ Torrance
 

The FILIGHTER Podcast EPISODE 15 – Jordan Grumet MD Interview
Show Notes -->
Taking Stock A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life   – Jordan Grumet MD
Preorder the Book:  Taking Stock Book (Available August 2, 2022) 
Jordan’s Website: https://jordangrumet.com/
Jordan’s Podcast: Earn and Invest Podcast
Financial Freedom by Grant Sabatier
Your Money or Your Life by Vicki Robin
Bronnie Ware – The Top Five Regrets of the Dying
Jessica Lynn – The Fioneers
Heidy Dusek – Ordinary Sherpa
The Whitecoat Investor – Dr. Jim Dahle
Stacking Benjamins Podcast – Joe Saul-Sehy
FI-light-ER WEBSITE and BLOG:
www.filighter.com
Facebook Group
Email:
lambothefilighter@gmail.com
Remember our Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music (Available on iTunes or Spotify): Another Day – MJ Torrance

FILIGHTER Episode 14 – I-Bonds
SHOW NOTES
Lets learn about I-Bonds from the US Treasury that are currently yielding 9.62% in May 2022
Treasury Direct Website
May 2022 I BOND RATE CHART.XLSX (treasurydirect.gov)
*Gotta hold them at least 12 months
*Three month penalty if held less than 5 years
*Rates are set 2 times per year and hold for 6 months (Base Rate, currently Zero, and Inflation Rate, currently 9.62%)
*Must purchase from TreasuryDirect.gov
FILIGHTER WEBSITE and BLOG:

www.filighter.com
Facebook Group
Email:
lambothefilighter@gmail.com
Remember our Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music (Available on iTunes or Spotify) : Another Day – MJ Torrance
 
FILIGHTER PODCAST LINKS:
FILIGHTER on APPLE
FILIGHTER on STITCHER
FILIGHTER on SPOTIFY
FILIGHTER on GOOGLE
What is a Series I Savings Bond?
A savings bond that earns interest based on combining a fixed rate and an inflation rate for up to 30 years.
Twice a Year Rates are set and there are TWO Rate Components to a Series I Savings Bond:
Fixed Rate Inflation Rate The Composite interest rate combines these two separate rates:
A fixed rate of return, which remains the same throughout the life of the I bond.
A variable semiannual inflation rate based on changes in the Consumer Price Index for all Urban Consumers (CPI-U). The Bureau of the Fiscal Service announces the rates each May and November. The semiannual inflation rate announced in May is the change between the CPI-U figures from the preceding September and March; the inflation rate announced in November is the change between the CPI-U figures from the preceding March and September.
Because it combines two rates, the interest rate on an I bond sometimes is called the composite rate or the overall rate.
0.0% + 3.54% May 2021
0.0% + 7.12% Last November 2021
0.0% + 9.62% May of 2022
While the inflation rate can be negative, the composite rate floor is set to never be less than zero.  The only two periods since 1998 that negative rates for inflation were used took place in 2009 and 2015.
Using our 20/20 hindsight vision, Say between May 2000 and October 2000 you were buying an I-Bond, your two combination rates would be a FIXED RATE of 3.6% plus an Inflation Rate of 3.89% for a combined rate of 7.49% at the time.  ROLL THE CLOCK FORWARD TO TODAY, and that base rate bond of 3.6% and the new 9.62% Inflation Rate would take you to 13.39% composite rate for your bond.
How would you like more than 13% rates on a US Government backed savings bond?
Just FYI the last time you could have bought a bond with a fixed rate above zero, was November 2019 through April of 2020.  During that 6-month period, the fixed rate was zero point two percent. 0.2% or 20 basis points in financial rate lingo.  A basis point is 1/100th of one percent.
May 2022 I BOND RATE CHART.XLSX (treasurydirect.gov)
 
If you purchase a bond during the 6-month window your bond will receive the current rate for 6 months then interest at the end of the period will be compounded to your balance semi-annually and invested at the then new rate for the next 6 months.
If you bought a bond today, May 24th, 2022, your bond would reset rates every May 1st and November 1st
If you bought on 4th of July, your rates would reset each July 1st and January 1st
There are some opportunities to either report income

STACKED: Your Super Serious Guide to Modern Money Management Interview with Author Joe Saul-Sehy SHOW NOTES Links In order of mention on this FI-light-ER Episode 13: BOOK TOUR Dates Stacking Benjamins
Emily Guy Birken Co-Author
Paula Pant
Rob Berger
J. D. Roth
Jeff Rose
Jim Wang
Adam Baker
Ramit Sethi
Liz Weston
Joshua Dorkin
Brandon Turner
Morgan Housel
J. L. Collins
Vicki Robin
Ric Edelman
James Clear
Blog Post 8.0 with “I Will Teach You To Be Rich” Ramit Sethi reference
Len Penzo
Mat & Board Podcast
“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.”  - Michelangelo
WEBSITE and BLOG:
www.filighter.com
Facebook Group
Email:
lambothefilighter@gmail.com
 
Remember our Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music (Available on iTunes or Spotify) : Another Day – MJ Torrance
 
FILIGHTER PODCAST LINKS:
FILIGHTER on APPLE
FILIGHTER on STITCHER
FILIGHTER on SPOTIFY
FILIGHTER on GOOGLE

Live from FINCON21 in Austin Texas USA (Interview recorded 9.24.2021, Update recorded 2.10.2022)
LifeGoal Investments Link:
LifeGoal Investments
Email:
lambothefilighter@gmail.com
FILIGHTER WEBSITE and BLOG:
www.filighter.com
Facebook Group
Remember our Disclaimer: I want to remind each of our listeners that content in this podcast including any show notes or links, the Filighter Blog, and the Filighter Website are entirely educational or entertainment in nature and you should seek a professional for Tax, Investment, or Legal advice or otherwise.  We are not Tax or Investment experts and are not in any way providing expert advice so please seek your own tax, legal, or other professional for advice and counseling.  Filighter or its creators accept no responsibility or liability for any actions or activities you may take based on anything discussed on the website, podcast, postings, or comments.
Theme Music: Another Day – MJ Torrance