The Financial Independence Show

Grant Sabatier, bestselling author of Financial Freedom and Inner Entrepreneur, shares his inspiring entrepreneurial journey and offers a blueprint for success. He dives into how to generate innovative business ideas and reveals why 90% of small businesses fail. Grant discusses his perfect business formula, the impact of focusing on strengths, and the delicate balance between following passion and profit. His insights into the levels of entrepreneurship and building a supportive community for aspiring entrepreneurs are invaluable for anyone looking to thrive in business.

Today we bring you our first episode since Justin hit the road on his six-month journey across Asia and Europe. Luckily, Justin loves documenting the numbers so you’ll get the most in-depth breakdown of expenses you could hope for. Listen in to see how he’s living it up in paradise for $55/day. That number includes accommodation, restaurants, groceries, gyms, activities, government fees, random purchases…literally everything. Here’s a high-level breakdown for Justin’s half of the first 37 days expenses: Transportation: $305 Accommodation: $590 Activities: $838 Restaurants: $134 Groceries: $82 Gov Fees: $32 Misc: $20 Gym: $51 That’s only $2k for 37 days! Some highlight activities include: 4 day/3 night island hopping tour Mount Batur sunrise jeep excursion 10-hour private driver tour So many beaches and waterfalls Three separate hour-plus massages Three additional days of boat tours in the Phillippines and more Want all the data? Check out Justin’s detailed spreadsheet We hope you enjoyed this in-depth check-in and look forward to periodically bringing you these over the next few months. If you found value in the episode, please share it with a friend! Links from The Episode Traveling the World for $46/day Justin’s Detailed Trip Expenses Justin’s Substack (to follow along with his travels) YouTube Interview https://youtu.be/39w8PfTLmcg 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)

Dustin Heiner returns to the show after a long 5 years to share what he’s been up to since his last appearance (a lot!). We discuss His recent 355-unit apartment building and multiple hotel acquisitions How he’s built a podcasting network His fast-growing real estate conference His daily and weekly routine and how he balances work and life What it really takes to build passive income And so much more. Dustin’s goal is to help 1,000,000 people start investing in real estate, and he’s already made huge progress. If you enjoyed this episode, please share it with a friend! Links from The Episode REWBCon (Use code “Cody” for 10% off) Dustin’s Free Real Estate Investing Course Dustin’s Instagram Dustin’s YouTube Master Passive Income Dustin’s First Appearance on The FI Show YouTube Interview https://youtu.be/5ok7JGOhVwE 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)

Today we bring you our goals for 2025 along with some upcoming changes to the podcast. Every year, we like to map out some of our goals and what we aim to accomplish. We break these down into the following categories: Money/Finance Fitness Family/Relationship Other Some examples of Cody’s goals include: Doubling down on what works for business and finance Completing an Ironman Cutting out bad relationships and doubling down on good ones Completing the build for his “forever” home Some of Justin’s Goals include: Running a sub-22-min 5k and completing a half-marathon Simplifying the investment account sprawl Coming away from his trip with a short list of slow travel locations Writing more In the episode, you’ll get the full breakdown of all the goals and why some of these are the focus for 2025. We hope you enjoyed this goal-setting episode and are inspired to make some big moves in 2025. If you found value in the episode, please share it with a friend! Links from The Episode Traveling the World for $46/day 2023 Recap and 2024 Goals 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)

This festive special dives into 12 crucial money lessons inspired by the holiday season. Key insights include the idea that retirement is about numbers, not age, and the power of compound interest when investing early. Listeners learn that focusing on major expenses can yield greater savings than minor ones. Emphasizing action over mere information, the hosts encourage investing in personal growth and starting now for better future returns. It's all about balancing financial goals with meaningful experiences!

Jordan Grumet aka Doc G brings his brilliant insights to help listeners find answers to one of the hardest questions we battle with, what is our purpose? That gets broken down in this episode and his upcoming book, The Purpose Code. He has a history as a physician which brings amazing perspectives, especially from his time as a hospice doctor. Jordan recounts his life lessons to explain how to find purpose and shed the anxiety that normally comes with that search. He also breaks down the difference between regret and disappointment. Jordan does a phenomenal job of incorporating exercises at the end of each chapter to put what you read into practice. The book and discussion don’t just stop with your life but also discuss how to leave a lasting legacy for others. There’s no doubt that Jordan has some of the most thoughtful and insightful conversations anywhere in the personal finance space. If you enjoyed this episode, please share it with a friend! Links from The Episode The Purpose Code Book Jordan’s Website Earn and Invest Podcast Jordan’s First Episode on The FI Show YouTube Interview https://youtu.be/DunvVz_JdTc 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)

Someone recently asked me: “How did you reach FI?” I didn’t have a great answer for them that didn’t take 30+ minutes to explain. So, I recorded a podcast episode outlining my entire FI Journey – all the numbers, all the income streams, all the expenses, year over year. Below are the notes I created to guide the episode. 2016 Read the 4-Hour Workweek Started my first real business, Arsenal Discs Learned how to build a website, marketing, sales, networking, negotiations, pricing, product design… all the HARD way 2017 Discovered FI through Mr. Money Mustache Started listening to podcasts like ChooseFI and Afford Anything Read books like Simple Path to Wealth and Your Money or Your Life Learned about side hustles, taxes, the 4% rule, etc. Despite all this, didn’t really have any money since I was paying for college Locked in job for July 2018, plan was to work 7-10 years to hit FI 2018 Went to CampFI in January and FI became “real” Lived in Australia with lots of time on my hands and started side hustling after being unable to find a regular job Blog launched in April 2018 to document my journey Started working as a commercial RE lender in July 2018 once I returned to the U.S. All-in comp was $80-85k Knowing that FI existed was a blessing and a curse Launched podcast in August 2018 (nothing else like it) FinCon 2018 (CampFI on steroids) – met Grant and others By the end of that year, I had tried a dozen new side hustles (blogging, podcasting, freelance writing, building websites, editing podcasts, affiliate marketing, digital products, etc) Income: $44,000, Net worth: $75,000, Stock market: -6.24% 2019 Quit my corporate job on January 31, 2019 with $30,000+ saved Side hustles were bringing in $1,200 per month, but my expenses were the same ($450 rent, paid off car, super frugal) Financial Freedom book tour March-May of 2019 Teamed up with Julie to launch Gold City Ventures in June 2019 So many people asking for 1-on-1, wanted to teach at scale Most of my time after that was spent working on Gold City Ventures Practicing my craft to teach better Managing a community, recording & packaging content, hiring people Originally launched E-Printables, a blogging course, and a freelancing course LOTs of learning lessons from this business Income: $96,000, Net worth: $179,000, Stock market: 28.88% 2020 Went all-in on digital products (dropped blogging and freelancing from GCV) Etsy shop, Shopify store, templates, etc. Continued to live extremely frugally (spending less than $25,000/year) Bought 3-unit house hack in September 2020 $235,000, we lived in the basement, rent $2,200, expenses $1,700 Bought duplex in November 2020 $170,000, rent $2,250, expenses $1,350 Bought 3-unit house hack in December 2020 $315,000, we moved to 1BR/1BA, rent $2,600, expenses $2,100 First house hack jumped to $3,000 in rent once we moved out Income: $198,000, Net worth: $392,000, Stock market: 16.26% 2021 Started freelancing for Motley Fool (who acquired MillennialMoney.com) Extra $10K/month, SEO, “thinking big”, awesome team Bought triplex in May 2021 $245,000, rent $2,900, expenses $1,900 ~$200,000 in down payments came from digital product income Gold City Ventures continues to grow rapidly Income: $403,000, Net worth: $1,035,000, Stock market: 26.89% Financial Freedom!  Had RE making $3,000+ in cash flow, $500,000+ invested in the stock market In addition to the semi-passive $20,000+ per month I was earning with digital products Since I reached financial independence, I have continued to work on my main business, Gold City Ventures and invest 90%+ of my income into index funds and real estate. Links from the Episode CodyDBerman.com (previously FlytoFi) The FI Show (first episode) Gold City Ventures 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)

Justin retired 1 year ago today! What did he do? How does he feel? Did the numbers work out as expected? Luckily for you, he’s dropped all the answers to that in the show with the highlights below. Read on for Justin’s notes: Numerical Highlights from Year 1: Averaged around $2500/mo or $30k/yr  spending Networth increased by ~400k ($1.7M -> $2.1M) Continued to save money 4% SWR + Passive Income = ~13k/mo or $156k/yr if I wanted Retirement Feelings Explained: Relaxed:  just being yourself and no corporate coating,  Awkward: Realizing every American interaction with someone starts off with work followed by me trying to explain the situation and balancing the outward perception from <oh poor thing is jobless> to <this prick trying to flaunt how good he has it> Proud: as someone who is often hard on themself for not sticking to things, financial independence took real commitment for ~9 years.  Scared: that I’ll have great ideas I want to try, memories I want to make, relationships I want to strengthen, or  things I want to discuss… but discover that those I want to do it with don’t want those things at all Relieved: After a year, I find similarities to the relief I felt over telling everyone I gave up alcohol. Saying aloud that I’ve done something that 99% of people will never do felt very weird at first, but then I adjusted to that 1% weirdo being my story, and the people who truly care about me let you be that 1% weirdo. And that exchange ends with a lot of relief.  Responsible: I feel a responsibility to push the people I love the most to take ownership of their financial lives  Satisfied: Not from a mentality that everything that needs to be accomplished is accomplished. My sense of satisfaction comes from knowing that the first year of retirement was worth every decision and delayed gratification even if it’s the only year of financial freedom I ever get. Detailed Breakdown of Year 1 Activities: December 2023 Hosted my niece for a week in Austin Made custom laser engraved gifts for my mom and good friend Tried Franklins BBQ and Interstellar BBQ for the first time Planned and purchased everything for a kitchen remodel Saw several movies Redesigned ripped dip packaging Attended consumer product goods meetups Went to the trail of lights Did a baby kangaroo feeding experience Redesigned my Dad’s upstairs to be a sudo apartment in Mississippi Ripped up old flooring and prepped concrete for staining  Replaced all the windows in the flip Spent two weeks in Mississippi Enjoyed Christmas with my family Tons of workouts January 2024 Two weeks in Mississippi Someone hit and totaled my Tesla Redid Kitchen in Leslie’s family beach house Lots of other projects there like replacing all the hardware for the doors Spent a week on the Texas coast Saw several movies Lots of cooking Lots of workouts Dove into Ninja Creamis February 2024 Spent two weeks on the Texas coast More beach house remodeling Went to the Austin Symphony Took the train to Dallas Completed the purchase of my New (to me) Tesla Model Y Spent a couple of days with my best friend in Dallas Spent a week in Mississippi Lots of remodeling on the flip house Attended a Rodeo Took my niece to a concert in Nashville March 2024 Spent two weeks in Mississippi Played golf Replaced doors and painted the exterior of the flip house Drove back to Austin Tried a new boxing class Did my first Dexa scan (10.1% body fat) Spent a week in Miami Attended Ultra music festival Went to two additional concerts Drove back to Texas Coast April 2024 More remodeling on Texas beach house Found outfits for our engagement (surprise to Leslie) Made pies/desserts for Leslie’s Brother’s 50th birthday Spent two weeks in Portugal Got engaged A quick trip to Paris Volunteered for Preservation Austin home tour Spent a week in Puerto Vallarta May 2024 Hosted my parents in Austin Threw an engagement party Another trip to the Texas Coast Yoga wellness day trip DeadMau5 show in Austin Spent 10 days in Chicago Attended Beyond Wonderland music festival in Chicago Tons of catching up with friends, sporting events, new restaurants, museums etc June 2024 4 more days in Chicago House sitting for Leslie’s brother 10 days in Mississippi More work on the flip house Cookout for Father’s Day Consumer Product Goods event Spent a week in Alaska Took a private plane flight around the glaciers and mountains July 2024 Spent two weeks across Oregon/Washington Odesza concert at The Gorge on the 4th of July Oregon Coast stay Clamming Exploring Portland Berry Picking Beautiful hikes Highland cow experience House sitting for Leslie’s Brother Week in Puerto Rico August 2024 Traveled to southern Mississippi Attended my Aunt’s wedding Spent a couple of days with my Aunt Spent over two weeks in Africa Hiked Kilimanjaro Did African Safari September 2024 Boat day Lake Austin Knocked off some local Austin restaurants from the wishlist Began planning our 6 month international trip Started taking running more seriously Mississippi State vs Texas football game Hosted friends from Mississippi Kygo concert October 2024 F45 photoshoot Celebrated Rhonda’s birthday Staycation downtown Austin Maggie Rogers concert ACL Domdolla concert Baking spree (first biscuits, high protein desserts) Started building cookbook Vintage culture concert Ride along in a rally car Leslie 10yr college reunion November 2024 Austin Networking getaway weekend Wedding Expo Hosted 5k / Friendsgiving Spent 11 days in Dallas with my best friend Creed concert Hyrox race 4 days in Mercury Texas for Thanksgiving Wooli concert It’s obvious that Justin didn’t get bored in retirement or feel as though he was just sitting around being worthless. We hope you enjoyed this detailed breakdown and case study of what a real example of retirement looks like. If you found value in the episode, please share it with a friend! Links from the Episode Justin’s Retirement Announcement Episode $5,000,000 Net Worth and 2,000,000 Downloads Episode 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)

In this episode, Cody and Justin discuss what they’re thankful for and the importance of focusing on what you can control. We recorded this episode shortly after Election Day. Elections leave a lot of people feeling defeated and a lot of people feeling like they’ve won. The reality is that neither is true. You are the most critical variable in your financial independence journey, regardless of who’s sitting in the Oval Office. The key is to focus on what you can control and to appreciate the privilege that you have. Even if things don’t seem rosy, the hardest experiences often shape us the most and transform us into better versions of ourselves. We hope this inspires you to evaluate your life, appreciate your advantages, spend some time in gratitude, and get inspired for your next chapter in life. If you found value in the episode, please share it with a friend! Links from the Episode The Purpose Code 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)

It’s open enrollment season, meaning making healthcare choices for the upcoming year. So for today’s episode, we’re featuring FI healthcare experts Lynn Frair and Jackie Cummings Koski. We cover: HSAs Healthshare Ministries Subsidized Care Deductible and Out-ot-Pocket Maximums Open Enrollment State Healthcare Exchanges End-of-life Care Emergency Funds and more! If you enjoyed this episode, please share it with a friend! Links and Resources Lynn’s Instagram Jackie’s Instagram Heatlhcare.gov WexInc HSA vs Traditional Calculator Mad Fientist article on HSAs 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)