398 | Troy & Lindsay | Households of FI Update

In this episode: career changes, up-skilling, re-prioritizing, accruing debt for value, childcare, and emergency funds.

The journey to FI is never linear. Sometimes we can find ourselves thinking the only way to meet our goals is to follow a strict plan, which can make adjusting said plan feel like a daunting set back. Well, our returning Households of FI guests Troy and Lindsay believe that flexibility during ones journey to FI can provide you with tremendous value! Making changes in your life, whether it's accruing temporary debt or changing careers, can actually lead to big time payoffs! While it may feel more secure to have a set trajectory with your financial goals, we know life gets in the way! So instead of sticking with a plan that isn't making you happy, try to stay flexible and evaluate all your options!

Timestamps:

• 1:34 - Introductions
• 4:55 - Troy and Lindsay Update
• 12:10 - Avoiding Over Optimization
• 18:49 - Up-Skilling & Career Changes
• 27:56 - Upgrading Income and Re-evaluating Priorities
• 36:15 - Accruing Debt for True Value
• 40:20 - Emergency Funds
• 42:58 - Going On Autopilot
• 46:00 - Expenses and Childcare
• 50:34 - Evaluating Your Work and Worth
• 53:14 Raising FI Children
• 58:54 - Conclusion

Resources Mentioned In Today's Episode:

• Introducing Our Households of FI!! Part 1 | ChooseFI Ep 221
• Households of FI-Troy & Lindsay and Brad Calculate Their FI Number | ChooseFI Ep 241
• Mr Money Mustache
• The Mad Fientist
• The Great Man Within
• Level Up In Tech
• Udemy
• A Cloud Guru
• TalentStacker's Salesforce Career Development Program
• The BiggerPockets Money Podcast
• 1500 Days to Freedom
• Should I Refinance My Mortgage? | Ep 167R
• New Retirement
• Negotiate Your Salary With Tori Dunlap | Ep 147
• How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | Ep 211
• "Raising Your Money-Savvy Family For Next Generation Financial Independence" By Carol Pittner and Doug Nordman
• Subscribe to The FI Weekly!

More Helpful Links and Resources:

• Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
• Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
• Track your personal finances with Personal Capital
• Keep learning or start a new side hustle with one of our educational courses
• Slash your cell phone bill without sacrificing service with Mint Mobile