FI Minded: Achieve Financial Independence & Have Fun Doing It

Justin Peters
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Want to achieve financial independence without missing out on the fun? FI Minded is for anyone who wants to achieve financial freedom, live life on their own terms, and, most importantly, enjoy the journey along the way! Whether you’re just starting to think about financial independence or already deep into the process, FI Minded gives you the tools and inspiration to make FI a reality - without giving up the things you love. Each episode, we’ll cover topics like: *Financial Independence Strategies: Simple, actionable advice to reach FI faster (if that’s your goal). *Work Optionality: Transitioning from the corporate grind (no more "one more year syndrome") to a life of freedom and flexibility. *Lifestyle Design: How to build a life that aligns with your values, goals, and dreams. *Stories from the FI Community: Real people sharing their journeys to FI and what they’ve learned. *Fun with FI: How to save your future and enjoy your current life through CoastFI, mini-retirements, travel, or just making the most of your time. *Fighting Burnout: Balancing saving for your future while staying mentally healthy. Some of our past guests include: Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Jill Sirianni (Frugal Friends), Jacking Cummings-Koski (Catching Up to FI), Jesse Cramer (Personal Finance for Long-Term Investors), Diania Merriam (Optimal Finance Daily), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Joel Larsgaard (How to Money), Erin Lowry (Broke Millennial).

  1. Optimal Tax Strategies for Your Early Retirement | E180 Cody Garrett & Sean Mullaney

    -1 ДН.

    Optimal Tax Strategies for Your Early Retirement | E180 Cody Garrett & Sean Mullaney

    It might have been monsters under the bed, shadows in the corner, or creepy dementors from Harry Potter. We all had irrational fears growing up. Mine was creepy dolls. After watching a movie called Teacher’s Pet, I became so terrified of dolls that my dad had my sister box up hers and store them in the basement. I’ll be honest, I’m still not a huge fan of dolls, but I’ve mostly outgrown that fear. Along the way, though, I’ve picked up some new ones like running out of money, being left without health insurance, and probably the biggest of all… taxes. I’ve been saving and investing with the fear that Uncle Sam will take a huge chunk of my money. That mindset has me padding my investment accounts and inflating my FI number. But after reading Sean Mullaney and Cody Garrett’s book, Tax Planning To and Through Early Retirement, I’m starting to rethink that - and I think you should too. To help us all navigate this, I invited Sean and Cody to walk us through strategies to optimize taxes before and during early retirement. We’ll cover things like which accounts to deplete first, how to control your taxable income through strategic selling, ways to minimize sequence-of-return risk, and even how you could pay almost nothing in taxes some years without cutting expenses. If you want practical strategies for optimizing taxes on your path to early retirement, this episode is for you. I hope you enjoy my conversation with Mr. Measure Twice and the FITaxGuy…Cody Garrett and Sean Mullaney. Key Takeaways: How to fund an early retirement lifestyle tax-free with drawdown strategies.Which investment accounts to tap first to optimize your retirement withdrawalsHow to sell specific brokerage lots to precisely manage taxes and cash flowA drawdown approach that protects against the sequence of returns risk in retirementHow to maximize ACA premium tax credits for affordable early retirement healthcareWhen to use Roth and HSA withdrawals for tax-efficient income flexibility Mentions: Selling Specific Lots in Fidelity: https://www.youtube.com/watch?v=Cft7dLLP7_U&feature=youtu.be More of Sean & Cody: Check out the book “Tax Planning To and Through Early Retirement”:: https://www.measuretwicemoney.com/book Cody’s website: https://measuretwicefinancial.com/ Sean’s website: https://fitaxguy.com/ More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/ The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Justin and the FI Minded podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

    50 мин.
  2. Is Saving Too Much Holding You Back? | E179 Jesse Cramer

    24 СЕНТ.

    Is Saving Too Much Holding You Back? | E179 Jesse Cramer

    I’m in this strange in-between stage right now, somewhere between Coast FI and Full FI. And I often feel pulled back and forth between spender and saver, current me and future me, speeding up and slowing down. It’s a little exhausting, I have to admit. A few years ago, things felt simpler because I was in full accumulation mode. Most of my decisions came down to one thing: delay spending so I could save and invest more. Looking back, maybe I would’ve splurged a little on experiences or time-saving purchases, but honestly, I don’t regret much. These days, though, I’m learning to focus more on my current self. I’m loosening up, spending a bit more, and not being so uptight about every dollar. Talking with friends further along in the FI journey, I’ve realized this shift is pretty natural, and perhaps you’re experiencing it too. It’s not always easy, which is why I wanted to talk it through with a friend and frequent guest, Jesse Cramer. Jesse’s navigating the same changes himself, and as a financial advisor, he also brings perspective from helping clients through similar situations. In this episode, we dive into the balance of spending on your current self while still enjoying the growth of your investments. We talk about how we’ve loosened up around money habits like budgeting, and why we’re not stressing about hitting our exact FIRE numbers anymore. I always enjoy my conversations with Jesse, and if any of this resonates with you, I think you’ll get a lot out of this one too. I hope you enjoy my conversation with the host of The Personal Finance for Long-Term Investors Podcast… Jesse Cramer. Key Takeaways: Shift from always accumulating to finding balance and enjoying life now.Redefine “pay yourself first” to include meaningful spending today.Build a portfolio that grows in bull markets and feels safe in bear markets.Loosen up on strict budgeting without losing financial control.Let your spending evolve to reflect your values and priorities.Don’t let your FIRE number dictate every life decision.Factor in Social Security - you may be further ahead than you think.Learn from retirees: smooth transitions come from people and purpose.Take smart risks that push you beyond your comfort zone. More of Jesse: Check out Jesse’s podcast: https://bestinterest.blog/personal-finance-for-long-term-investors/ More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    56 мин.
  3. Is the Next Step in Your FI Journey Buying Less? | E178 Ashlee Piper

    10 СЕНТ.

    Is the Next Step in Your FI Journey Buying Less? | E178 Ashlee Piper

    I was reviewing my spending for the first half of 2025 and noticed something interesting: excluding routine bills, groceries, and experiences, I only bought 25 new things this year, totaling about $1,400. For six months, that felt pretty solid. But it also got me wondering… could I go even further? That curiosity came to a head when the nozzle on my garden hose started leaking. My first instinct was to hop on Amazon and buy a new one. It was only $20. But then I paused. I looked up what might cause the leak and found out it’s usually a worn-out rubber washer. I took the thing apart, and sure enough, that was it. I hopped back on Amazon to order a new washer…until I remembered I had another broken nozzle in the garage. I swear I have the worst luck with these—but this one wasn’t leaking. I had just dropped it and snapped the trigger handle. I took the rubber washer from that one and used it to fix the current nozzle. And it worked! No money spent. Nothing added to a landfill. And honestly, I felt proud of myself. I share that story because it’s easy to assume we’re already frugal or intentional enough—especially in the FI community. But that moment made me realize how often I default to “buy new” without even questioning it. And I want to become more intentional, especially when it comes to physical things. That’s why I invited Ashlee Piper on the show today. Ashlee is a sustainability expert and author of the new book No New Things: A Radically Simple 30-Day Guide to Saving Money, the Planet, and Your Sanity. She’s also the creator of the #NoNewThings Challenge, which she personally followed for two years, which is just insanely impressive. In this conversation, we dig into how to creatively meet your needs without always reaching for your wallet. Ashlee shares her SUPER system for thoughtfully navigating purchases, and we run through a few real-life scenarios like getting ready for a wedding or gearing up for Halloween. If you want to bring more intentionality into how you consume, this episode will leave you feeling inspired. I hope you enjoy my conversation with the always resourceful, wildly entertaining, and sustainability-driven…Ashlee Piper. Key Takeaways: How to skip buying new without giving up what you loveA system to make smarter, more intentional buying choicesFind practical ways to fix, borrow, or swap before buying something newHow consumer culture encourages excess (and how to resist it)Balancing intentional spending and restriction More of Ashlee: Instagram: https://www.instagram.com/ashleepiper/ Newsletter: https://substack.com/@theethicaledit More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    58 мин.
  4. Mini-Retirements: Instead of Retiring Early, Why Not Retire Often? | E177 Jillian Johnsrud

    27 АВГ.

    Mini-Retirements: Instead of Retiring Early, Why Not Retire Often? | E177 Jillian Johnsrud

    We’re all waiting for the day we hit financial independence. That’s when we’ll finally quit our jobs and have time to learn a new hobby, start that house project, take longer vacations, or prioritize our health. You probably have a list of things you’re saving for after FI—but what if you don’t want to wait another decade to start? Tomorrow isn’t guaranteed. The challenge is that your career eats up most of your time and energy, and since you’re not financially independent yet, walking away isn’t an option. But what if you didn’t have to choose between all work now and all freedom later? What if you could work for a few years, take a break, then return to work—and repeat that cycle? Instead of one long career followed by one long retirement, what if you took mini-retirements along the way? It’s not just a theory—today’s guest has done it. Jillian Johnsrud has taken over a dozen mini-retirements throughout her life and now helps others do the same. In this episode, Jillian shares how to organize your time off, why some employers actually say yes to these breaks, and how a mini-retirement might even improve your career. She also provides examples of how mini-retirements speed up, rather than slow down, people’s path to FI. Mini-retirements are one of my favorite concepts—I’ve taken one myself, and I always encourage my friends to consider them too. So today, I’m making the case to you: maybe it’s better to retire often than to retire once. Key Takeaways: What a Mini-Retirement Actually Looks LikeHow to Plan a Mini-Retirement with PurposeA framework for organizing your mini-retirement using Jillian’s “Dream To-Do List”Signs It’s Time to Step AwayHow to Talk to Your Employer About Taking Time OffWhy some employers say yes to mini-retirements—and how to make your caseTips for framing the request in a way that shows mutual benefitMaking the Financial Trade-Off Worth ItSurprising ways mini-retirements can actually improve your career or lead to new income opportunities.Why “Retire Often” Might Be Better Than “Retire Once” More of Jillian: Read Retire Often: https://lnk.to/retireoften More of FI Minded: Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    49 мин.
  5. How to Save Thousands on Groceries (Without Giving Anything Up) | E176 Bryan Suddith

    13 АВГ.

    How to Save Thousands on Groceries (Without Giving Anything Up) | E176 Bryan Suddith

    If you're on the path to financial independence, you know every dollar adds up. An extra $1,000 a year might not sound like much, but early in your FI journey, that kind of savings can seriously accelerate your timeline. And if you’re already FI, trimming $1,000 in expenses lowers your FIRE number and helps your nest egg last longer. The best part? I’m not asking you to start a side hustle or cut out your favorite purchases. Instead, we’re talking about saving money by wasting less, specifically, food waste. Yes, that’s right. The average American throws out over 200 pounds of food a year. For a family of four, that’s about $3,200 straight into the trash. Think wilted spinach, moldy bread, and forgotten leftovers. Any of this sound familiar? Here’s the good news: with a little planning and a few habit shifts, you can cut that waste dramatically and keep more money in your pocket without sacrificing lifestyle. Today’s guest, Bryan Suddith, took this challenge seriously. Over the last five years, he’s tracked every bit of food that ended up in his trash. And the total? Less than $100. For a family of four. We’ll share practical tips for meal planning, a framework for eating through your groceries, his favorite go-to food-waste saving meal (which surprised me), and even how to avoid food waste after hosting a party. If you’re ready to trim your grocery bill and stretch your FI dollars further without really sacrificing anything, then you’re going to like this episode. Key Takeaways: The impact of tracking your food wasteHow to avoid aspirational grocery purchasesWhich groceries to prioritize eating firstCreative ways to turn soon-to-expire food into tasty mealsA go-to food-waste-saving meal everyone will enjoyHow to cut down on food waste after hosting a partyWhat to know about food waste legislation More of Bryan: Instagram: https://www.instagram.com/bryansuddith/ More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    45 мин.
  6. Shifting Away from a “Save-Only” Mindset | E175 Matt & Yana - CoastFI Couple

    30 ИЮЛ.

    Shifting Away from a “Save-Only” Mindset | E175 Matt & Yana - CoastFI Couple

    Today, we dive into some of the biggest questions our community has about money, relationships, and raising kids on the path to financial independence. Matt and Yana from CoastFI Couple share their honest experience with shifting from a strict save-only mindset to learning how to enjoy their money after reaching Coast FI. We talk about how even couples who agree on big-picture goals can still face daily money disagreements — and the tools and conversations that help keep things on track. Plus, we explore how to teach kids healthy money values without passing on anxiety or scarcity. Whether you’re struggling to spend guilt-free or want to raise money-smart kids, this episode offers practical insights and encouragement. If you have a question you'd like me to answer on a future episode, just shoot me an email at justin@fiminded.com. Key Takeaways: It’s totally normal to struggle with spending after years of saving.Start with small upgrades to ease into enjoying your money.You and your partner can be aligned overall and still clash on daily spending.Using tools and talking openly can help you avoid constant money arguments.You can teach your kids to be smart with money without making them anxious.Modeling a balanced approach helps your kids build confidence around money. More of Matt & Yana: YouTube: ​​https://www.youtube.com/@CoastFICouple Qube Money: https://qubemoney.com/ (Use code COAST for a free trial) More of FI Minded: Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    47 мин.
  7. How to Get the Courage to Travel More Adventurously | E174 Jon Otero

    16 ИЮЛ.

    How to Get the Courage to Travel More Adventurously | E174 Jon Otero

    My first big trip abroad was in 2015. I had just graduated from college the week before and wanted to do something fun. So my girlfriend and I flew to Europe and visited Prague, Paris, and Barcelona. It was a blast, and it left a lasting impression. Since then, I’ve traveled to 10 more countries. Lately, I’ve been getting more comfortable with international travel, and I’m starting to feel the itch to push beyond my comfort zone. Up to this point, most of my trips have been to first-world countries, major metropolitan cities, and usually with a group of friends or my partner. But I’ll be honest, I’m a little nervous to push the boundary. That’s why I invited Jon Otero on the podcast to help me break through those fears and build the confidence to travel more adventurously. Jon is the definition of an adventurous traveler. He has visited 35 countries and all 50 U.S. states, and he has done some incredible things, such as riding a camel in Egypt, scuba diving to sunken ships, and paratriking in Peru. His fearless approach to travel is seriously so inspiring, and I’m hoping to tap into a little of that mindset myself. In this episode, we talk about everything from navigating language barriers and understanding cultural differences to safety tips, solo travel, and ideas for your next adventure. Before we jump in, I want to say this: adventurous travel is defined by you. If you’ve never left the country before, going anywhere new might feel like a big leap, and that’s awesome. Even exploring a new part of the U.S. can feel adventurous if you’ve never been out of your home state. Don’t let social media or someone else’s definition shape what a great trip looks like. Go at your own pace, and most importantly, have fun. Let’s get into it. I hope you enjoy my conversation with the adventurous traveler and host of The Globetrotters Podcast…Jon Otero. Key Takeaways: How to navigate language barriers when you don’t speak the local languageTips for learning cultural customs before your tripStaying aware without being overly paranoid while travelingMaking solo travel fun (and not lonely)How to pick your next travel destinationUnderrated countries that deserve a spot on your list More of Jon: Listen to the Globetrotters Podcast: https://www.gtspodcast.com/ More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/

    1 ч. 9 мин.

  8. 2 ИЮЛ.

    Money Moves That Sound Smart…But Aren’t (Part 2) | E173

    Some money moves sound smart…until you actually try them. This is Part 2 of our special series where six personal finance experts share strategies that sound smart but rarely are. In this episode, you’ll hear from: Larry McMahon (Uncontrollable Me) on why doing everything yourself can be a costly mistakeSean Mullaney (FI Tax Guy) on when Traditional 401(k) contributions might not be the best choiceJeremy Schneider (Personal Finance Club) on why whole life insurance is rarely the financial win it's pitched to be Missed Part 1? No problem - each episode stands alone, but you’ll want to go back and queue it up next. Key Takeaways: DIY-ing everything can limit your growth and lead to costly errorsTraditional 401(k) contributions aren’t always the most tax-efficient routeWhole life insurance rarely lives up to the hypeEven experienced money nerds make mistakes—and learn from them More of Our Guests: Check out Larry’s coaching practice at https://www.uncontrollable.me/. Watch Sean’s YouTube channel at https://www.youtube.com/@SeanMullaneyVideos. Follow Jeremy’s Instagram account at  More of FI Minded: Email Justin at Justin@FIMinded.com Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/ Disclaimer The content shared by Sean Mullaney in this episode is for informational purposes only and should not be considered tax advice for any specific individual. Neither this podcast nor its host endorses Sean Mullaney, Mullaney Financial & Tax, Inc., or any of the services they offer.

    18 мин.
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Want to achieve financial independence without missing out on the fun? FI Minded is for anyone who wants to achieve financial freedom, live life on their own terms, and, most importantly, enjoy the journey along the way! Whether you’re just starting to think about financial independence or already deep into the process, FI Minded gives you the tools and inspiration to make FI a reality - without giving up the things you love. Each episode, we’ll cover topics like: *Financial Independence Strategies: Simple, actionable advice to reach FI faster (if that’s your goal). *Work Optionality: Transitioning from the corporate grind (no more "one more year syndrome") to a life of freedom and flexibility. *Lifestyle Design: How to build a life that aligns with your values, goals, and dreams. *Stories from the FI Community: Real people sharing their journeys to FI and what they’ve learned. *Fun with FI: How to save your future and enjoy your current life through CoastFI, mini-retirements, travel, or just making the most of your time. *Fighting Burnout: Balancing saving for your future while staying mentally healthy. Some of our past guests include: Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Jill Sirianni (Frugal Friends), Jacking Cummings-Koski (Catching Up to FI), Jesse Cramer (Personal Finance for Long-Term Investors), Diania Merriam (Optimal Finance Daily), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Joel Larsgaard (How to Money), Erin Lowry (Broke Millennial).

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