ChooseFI

469 | A Tale of Action | Navish Bahl

Dec 25, 2023

Navish Bahl, a listener, shares his actionable steps towards financial independence (FI) including real estate investing, upskilling, tracking expenses, and getting on the same page with your significant other. They also discuss negotiation techniques for salary, unexpected expenses, and engaging with the podcast community.

55:49

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Episode guests

Navish Bahl

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Episode notes

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Quick takeaways

Meaningful conversations and taking action can lead to extraordinary results.

Education and continuous learning play a crucial role in the journey towards financial independence.

Tracking expenses and having separate funds for different expenses helps maintain financial stability and achieve goals.

Deep dives

The Power of Conversation and Action

Navish and his college friends had a conversation about their dissatisfaction with the traditional grind and sparked a curiosity for finding a better way of life. This led Navish to discover the financial independence movement, which ultimately changed his life and his family's. The lesson here is that meaningful conversations and taking action can lead to extraordinary results.

Introduction

2min

Reflections on the Traditional Path and Exploring Financial Independence

9min

Real Estate Investing and FI Numbers

10min

Negotiating Salary and Upskilling for a Job in Canada

16min

Rebalancing, High-Interest Bank for Emergency Funds, and Expense Tracking

5min

Unexpected Expenses and Getting a Significant Other on Board

13min

Discussion on a Valuable Bike Purchase and Ways to Engage with the Podcast Community

3min

In this episode: real estate, upskilling, taking action, tracking your expenses, setting goals, getting on the same page, and the hot seat.

This week we are joined by listener Navish Bahl to discuss his journey on the path to FI, the actionable steps he’s taken in order to maximize his life, answer some questions in the HotSeat, and navigating your FI journey while your significant other or family may not be on board. There are many avenues you can utilize in order to achieve FI, and while it may be overwhelming at times to figure out what works for you and your journey, remember that the goal is to learn and go through life with more freedom and balance, not stress and burnout trying to chase a number. The path to FI is a personal one, and as you embark on your journey allow yourself some patience but also some flexibility, and don’t forget to extend some patience to others in your life who may not be on the same path.

Navish Bahl:

LinkedIn: Navish Bahl

Timestamps:

0:52 - Introduction
2:30 - The Inspiration to Start and Taking Action
11:44 - Real Estate and Rental Properties
18:42 - Upskilling, Getting New Jobs, and Making Connections
33:09 - Discovery, Education, and Action in FI
39:52- Tracking Your Expenses
46:34 - Getting on the Same Page
50:21 - The Hot Seat
55:18 - Conclusion

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ChooseFI

469 | A Tale of Action | Navish Bahl

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Power of Conversation and Action

The Importance of Education and Curiosity

Investing Strategies and Timing the Market

Creating and Allocating Funds for Expenses

Building a Strong Financial Partnership

Remember Everything You Learn from Podcasts