Breaking Free from the Rat Race: Discover the Path to Financial Independence and Early Retirement with David Baughier

David Baughier is an ex-Navy Commander whose approach to acquiring financial independence enabled him to retire in his forties after a 20-year career in the military. Today, David is free to pursue his passions, but he still finds time to help others achieve financial independence through his free educational program Fiology, which provides carefully curated advice about saving and investing your way toward financial freedom.

In this episode, you’ll hear from David Baughier on:

• The 25x rule. He explains the 25x rule (which consists of the yearly amount you’ll need to live on in retirement multiplied by 25) and suggests the easiest way to accumulate the required amount is by investing in index funds and building a portfolio that will allow you to withdraw 4% of your savings annually without running out of money in your retirement

• Investing in index funds. David recommends investing in low-cost, broad-market index funds (which typically deliver 8-10% returns). He also advises investing in a Roth IRA individual retirement account.

• Expense ratios. David points out that expense ratios (the fees that fund companies charge their customers) vary and warns that a slight difference in costs can add up to a significant amount over a prolonged period.

• His personal financial journey. Holly asks David about his route to financial independence, and he describes how his index fund investments and rental properties provide him with a stable income.

• Fiology. David talks about Filogy, his 52-week free online course, which will guide you toward financial independence and provide practical and sensible advice on saving, investing, decision-making, and dreaming big.

Connect with David:

Fiology's Website: fiology.com

Get in touch with Holly:

Holly’s Instagram: ⁠@hollymorph⁠

Holly’s Twitter: ⁠@hollyMorph⁠

Holly’s YouTube: ⁠@hollymorphew⁠

Financial Impact’s Website: ⁠financialimpact.com⁠

Holly’s book: ⁠Simple Wealth: The Practical Guide to Transform Your Relationship with Money and Live in Abundance