The Financial Independence Show Cody Berman and Justin Taylor

Sometimes personal finance can just sound like a bunch of jargon.



Today's episode gives you all the foundational definitions you need to navigate your FI journey.



We have episodes that dive deeper into some of these topics (linked below).



But today is all about explaining the lingo you might hear on the show week to week.



Some of the investing terms we discuss include:







ETFs vs. Index Funds

Expense Ratios

The 4% Rule / Rule of 25

Rule of 72

Tax-advantaged accounts



IRAs / 401Ks











We hope this empowers you to confidently speak to your investing journey and help others along the way.



If you enjoyed this episode, please share it with a friend!

Links from the Episode



* The deep-dive episode on Roth vs. Traditional

* The deep-dive episode on the 4% rule

* The deep-dive episode on the Mega Backdoor Roth and Solo 401K



Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFIshow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)

The goal for real estate is to generate as much cash flow as possible and/or own as many doors as possible right?



What if you realized the real goal is just to generate enough income to satisfy your desired lifestyle?



That may seem obvious, but too often investors fixate on a high score instead of focusing on happiness.



Coach Carson has previously joined us on the very first episode of The Financial Independence Show.



In that episode, we cover Chad's background in detail but today we focus on the topic of his new book.



That topic is the concept of the Small and Mighty real estate investor.









The root of this concept is focusing on achieving the least number of doors needed to cover your lifestyle.



Chad explains how chasing the least needed is much healthier than chasing the most possible.



More properties equate to more headaches, and why have stress if you've already won?









If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!







Links From the Episode



* Book: Small and Mighty Real Estate Investor

* Chad's Website

* Chad's Instagram

* Chad's Twitter

* Chad's Free Tools



YouTube Interview

https://youtu.be/U85lcE_ibS0

Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFiShow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here 

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)

Can you really retire at 27?



That's what Jon Farber is here to talk us through today. 



He was able to achieve financial freedom at 27 and leave his tech sales job via real estate.



He started with house hacking, and then eventually scaled up to include a portfolio of long-term rentals and short-term rentals.





He's also dabbled in online courses and runs a real estate software business helping people find deals.



Since reaching financial freedom, Jon now splits his time between the U.S. and Columbia.



He has a team of virtual assistants who currently help with the day-to-day and growing of the business.





He's basically been able to put his 7-figure business empire on autopilot.









If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!







Links From the Episode



* Jon's Instagram

* Jon's Twitter

* Jon's Website



YouTube Interview

https://youtu.be/HRkppxCstdw

Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFiShow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here 

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)

If you want to make it big in real estate you need some sort of advantage, right?



A big social media following, experience, connections... something.



Our guest today, Soli Cayetano from Lattes and Leases, will show you how that couldn't be further from the truth.

In 2020, Soli was a senior in college trying to navigate a pandemic.

She had no family in real estate, no rich uncle, and no investment experience.

Plus, she lived in the Bay Area -- one of the most expensive real estate markets in the country. 

She became obsessed with educating herself about real estate investing and surrounded herself with accomplished investors.

Fresh out of college at 22, she built up the courage to purchase an out-of-state investment property in Cincinnati, Ohio — and the rest was history. 

After working her 9-5, she would continue to work 5-9 to build her real estate portfolio.

She went from having no social media or connections in real estate to using social media to raise $5M+ in private capital and buying 25+ units in less than 2 years.

This allowed her to replace her income, quit her job, and become a full-time real estate investor.

Today, she can be found traveling the world and teaching others how to reach financial independence via real estate.









If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!







Links From the Episode



* Out of State Investor Academy (Free Summit)

* Follow Soli on Instagram

* Lattes and Leases Website



YouTube Interview

https://youtu.be/q3M22CunX_Y

Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFiShow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here 

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)

Retiring early is certainly not a race, but the guests we have today are one of the fastest we've ever seen to do it.



James and Emily retired in less than 2 years from the day they began making moves towards early retirement.





They both had frugal habits with James coming from an especially low-income background.



They met at a local community college and were both able to graduate college debt-free through a mix of financial aid and a little help from parents.



Emily would take a job starting at $60k and James was at $35k per year in Huntsville, Alabama.



Even though they were in an affordable area with $95k of income, they weren’t saving a dime.



In 2016, James was at work and someone said they came across a website that changed their life.



The website was Mr. Money Mustache.



James immediately dove into this site as well then came home adjusting water heaters and spitting out all the things they were going to cut from their lives…probably too aggressively he’ll admit.



They estimate they cut their expenses down to $35k the next year after discovering the topic.



After cutting their expenses down as low as they could they looked to accelerate their path even more through real estate investing.



They bought their first property in the Summer of 2017 and quickly scaled to 11 properties.



Most of these units were purchased for under $50k, and all of them bring in over 1% of the cost back via rent.



* Example: A $50k house that brings in $500 is bringing in 1% every month



All of the homes were bought using traditional mortgages and when they retired, they had enough money cash flowing every month to cover over 2x their expenses.





If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!







Links From the Episode



* James' and Emily's Website

* Follow them on Instagram

* Their Short-Term Rental Course

* All Their Free Resources



Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFiShow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here 

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)

You can learn the mechanics and math needed to reach financial independence in a couple of weeks.



The math is intimidating to so many people but it's not the math that keeps most people from reaching their goals.



It's their mindset.



That's where Adam Coelho's expertise comes in.









Adam Coelho is the host of The Mindful FIRE Podcast, a show about crafting a life you love and making work optional using mindfulness, envisioning, and financial independence.



Adam believes crafting a life you love starts with answering the question "What do I truly want?".



He helps people answer that question so they can start living the life they dream of right now.



He’s also a father, husband, entrepreneur, speaker and facilitator.



For the last 13 years Adam has worked in sales at Google, where in addition to his core role, he’s taught mindfulness, envisioning, and emotional intelligence to over 2,500 Googlers around the world.



We truly believe that these mentality skills are even more important than any level of comprehension to something like a tax code.



If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!







Links From the Episode



* Free Envisioning Guide

* Mindful FIRE Website

* Adam's LinkedIn

* Adam's Instagram



YouTube Interview

https://youtu.be/z3cO_nH9yP8

Join the Community

We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!



* Grab the Ultimate FI Spreadsheet

* Join our Facebook Group

* Leave us a voicemail

* Send an email to contact [at] TheFiShow [dot] com



If you like what you hear, please subscribe and leave a rating/review!



>> You can do that by clicking here 

Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)



Saving-Sherpa (Justin’s blog)