Financial Independence Podcast The Mad Fientist

On today’s episode of the Financial Independence Podcast, I welcome back Ramit Sethi from I Will Teach You to Be Rich!
I needed someone to come on the show to provide some tough love and Ramit was the only person for the job.
As Ramit mentioned during our last interview, FIRE people are great at knowing what NOT to spend on but we’re not good at knowing what to spend on.
Spending is going to be a big focus on the Mad Fientist this year and I can’t think of a better way to kick off this discussion than by getting yelled at by Ramit so hope you enjoy it!
Highlights
Why we doubled our annual spending (and was it worth it) What Ramit did to make me get all clammy and uncomfortable Why pay less when you can pay more How to imagine your own rich life Why you should start wasting some money at a certain point

Over the last few years, I interviewed members of my family to find out two things:

How I became the Mad Fientist (i.e. where did I get my extreme ideas about money)
What advice they'd give to parents hoping to raise money-smart children

This is a short but sweet holiday episode to end the year and I hope you enjoy it!

Cody Berman and Justin Taylor, hosts of the FI Show, have both achieved financial independence but they've taken drastically different paths to get there.
Listen to this Podcast Takeover episode to hear the similarities and differences between an employee's path to FI (Justin's) and an entrepreneur's journey to FIRE (Cody's)!
Highlights
Live-in flip vs. house hacking Sweet spot for buying used cars Why focusing on fixed expenses is important How to 5x your corporate income The unlimited upside of entrepreneurship How to get started investing if you're scared/nervous Nest-egging vs. cash-flowing your way to financial independence The benefits of a Solo-401(k) for entrepreneurs Why the corporate world is great for certain types of people Benefits and downsides of entrepreneurship Why it's important to not keep up with the FI Joneses either Show Links
The FI Show - https://thefishow.com The FI Show's Mega Backdoor Roth Episode - https://thefishow.com/mega-backdoor-roth-solo-401k-explained/ The Mad Fientist's Mega Backdoor Roth Article - https://www.madfientist.com/after-tax-contributions/  

Life has completely changed.
And because of this major change, I'm even more grateful for the freedom, flexibility, and time that financial independence and early retirement provide.
In this short episode, I fill you in on what's been happening and I discuss the reasons for my newfound appreciation of FI.

Welcome to another podcast-takeover episode of the Financial Independence podcast!
This time, Mathias from the Financial Independence Europe podcast takes over the show to talk to Luke Freeman (from Giving What We Can) and Rebecca Herbst (from Yield and Spread) about Effective Altruism!
Highlights
What is Effective Altruism How to give efficiently and effectively Benefits of joining the effective altruism community How giving is evolving Differences between the US and Europe with regards to philanthropy How to give to charity while pursuing FI Show Links
Financial Independence Europe - https://financial-independence.eu/ Yield and Spread - http://yieldandspread.com Give What We Can - https://www.givingwhatwecan.org Give Well - https://www.givewell.org Original Show Link - https://financial-independence.eu/uncategorized/episode-147-how-to-give-effectively-luke-freeman-and-rebecca-herbst/

Exactly 10 years ago, I released the first episode of the Financial Independence Podcast!
To celebrate this big birthday, I’ve collected all the best advice from my interviews with my very first podcast guest – Mr. Money Mustache!
Highlights
Mr. Money Mustache’s investing strategy Thoughts on real-estate investing vs. stock-market investing How to invest in a raging bull market The benefits of hitting FI before having kids Why you’ll likely make money after retiring early Mr. Money Mustache’s biggest splurge How to decide whether to pay off your mortgage early The best part of financial independence How to find meaning after early retirement Most challenging part of post-FI life The impact of financial independence on personal relationships