Psy Ko joins Andrew Brill to share how he transformed his life from $110K in debt to financial freedom through the FIRE Movement. Now a finance coach and expert at @FIREPsyChat, Psy emphasizes the importance of taking responsibility for your financial future, building financial literacy, and making intentional changes to spending and saving habits. Discover practical strategies on budgeting, boosting your savings rate, and using the right financial tools to achieve FIRE (Financial Independence, Retire Early) — no matter where you’re starting from!
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Don’t miss our live coverage of the Fed with Maggie Lake! Next Wednesday, September 18.
Chapters:
00:59 - Psy’s Financial Wake-Up Call
04:14 - How Psy Got Into Coaching Others?
5:42 - The Power of Financial Literacy
7:37 - Behavioral Changes, and Intentional Spending
10:58 - Why It’s Never Too Late To Start
14:11 - Discipline & Budgeting
17:19 - Further Defining The FIRE Movement: Financial Independence, Retire Early
20:09 - Practical Strategies & Tools for Financial Freedom
23:33 - Exploring The Rule of 25
28:07 - Saving & Retirement Accounts Psy Recommends
33:08 - Alternative Investments? Real Estate?
34:13 - Good vs. Bad Debt?
37:42 - Coaching Someone in Distress About Debt
40:55 - Are More People in Financial Difficulties Now?
42:41 - Where Can People Find Psy?
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#FinancialFreedom #FIRE #DebtFreeJourney #PersonalFinance #FinancialIndependence #Budgeting #Saving #FIREMovement #FinancialLiteracy #DebtPayoff #FinanceCoach #FinancialPlanning #EarlyRetireme #Money #Wealthion #Wealth #Finance
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