The Financial Independence Show

How do you map out your path to financial independence? And how can you find a persona you resonate with to mimic? Kimberly joins us today to provide answers to both of those questions. She created Beworth Finance and wrote Building Wealth on a Dime, to help empower everyone to find financial independence even if they're starting small. Kimberly hasn't always had her money figured out though. She moved to Washington, DC making $15/hour in 2012 and more student debt than she made in an entire year. This led to a lot of time being stressed about money. But through that process, she perfected a system that allowed her to pay off over $45,000 worth of student debt in three years, double her income in four, and buy her first home, before her 30th birthday, in five. Fast forward to today, and she's currently on track to be work-optional by age 45. Grab the link to her book below where you can learn things like: Six million-dollar habits Money mindset Building a budget Tackling debt Investing Renting vs buying and much more If you have someone in your life who could use some help mapping out their path to financial independence, share this episode with them! Links From the Episode Beworth Finance Build Wealth on a Dime > You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Discover how to slash your grocery bill to just over $100 a month while enjoying nutritious meals. Learn effective budgeting strategies and the impact of meal prepping on costs and health. Explore shopping tactics that prioritize discounts and sales for maximum savings. Personal anecdotes blend with practical tips, making grocery shopping feel less daunting and more rewarding. Whether dealing with rising prices or planning meals, smart strategies can help you enjoy delicious food without breaking the bank!

Roth vs Traditional is one of the oldest arguments in the financial independence space. Today we're settling the debate! The reality is that there is no "right" answer but there is a right answer for you. Cody Garrett brings his expertise to help you decide which one fits your path. He is a fee-based financial advisor at Measure Twice Financial. Cody had already put together a great resource that breaks down Roth vs Traditional. But we're taking it a step further by peppering Cody with all the questions you could ask on this age-old debate. Have a friend you want to help educate or maybe settle a friendly debate? This episode is for you! Links From the Episode Measure Twice Financial Planning Cody's Roth vs Traditional Article Network of Financial Planners YouTube Interview https://youtu.be/kSD1tWokXuw 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)

There's no doubt that being efficient with your expenses is a huge part of your journey to financial independence. However, maybe we focus a little too much time there and not enough time on increasing our income. That's exactly what Tyler Wright from Defining Wealth believes. And Tyler has some first-hand experience in doing just that. Tyler started out like a lot of us... age 22, a new college graduate, and $0 to his name. It didn't take long for him to realize that a 40-year career in a 9-5 wasn't for him. So he started finding ways to greatly increase his income while also investing in ways that would allow even more cash flow. By the time he was 28, he was earning $10k per month in passive income thanks to his rental properties and investment portfolio. And in just those 6 short years, he raised his net worth to $1.5M! Have you been looking for inspiration to increase your income? Or maybe you know someone who needs just that, if so, please share it with a friend! Links From the Episode Defining Wealth Tyler's Instagram Tyler's Twitter Tyler's TikTok YouTube Interview https://youtu.be/_KYZqBEkzwE 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)

We can all agree that the earlier you learn about personal finance, the better off you'll be. That's exactly why Clifton Corbin wrote Your Children, Their Money. He's trying to set the next generation up for financial success. Clifton wasn't always financially savvy though. At one point he found himself deep into debt, and it took him years to pull himself out. After finally getting on solid financial ground, Clifton made it his mission to help as many people as possible avoid his money mistakes. Clifton is now a Registered Financial Consultant (RFC®), and has combined his MBA, experience managing million-dollar budgets, and understanding of economics and personal finance into creating this content for you and your children. Tune in to learn how to set your kids up for a prosperous financial future. If you loved Clifton's message as much as we did, please share it with a friend! Links From the Episode Your Children, Their Money > You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Imagine living around the globe while saving up to 90% of your income. That's exactly what Amy Minkley has been able to accomplish. In this episode you'll also get the following highlights: How Amy used geoarbitage to create a 90% savings rate in Asia Real numbers behind her success How to overcome the fear of change and take action now to create the freedom you desire Amy had events in her youth that led her to have an unhealthy relationship with money. It was all fear driven. You'll hear how she turns that around and leaned into the financial independence community. Today she's leading the first Financial Independence Retreat in Bali. That retreat sold out in days (before we could even release the episode), but be sure to connect with Amy and be on the lookout for the next event. If you loved Amy's story as much as we did, please share it with a friend! Links From the Episode Financial Freedom Retreat Amy's Facebook Amy's video presentation with FABx YouTube Interview https://youtu.be/pRMmERM1nmA 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 rip apart an article detailing The Top 10 Reasons Why You Shouldn't Retire Early. The topics included: Expensive Healthcare Accessing nest egg early Missing out on compounding interest Living a long time Expenses going up in retirement Rising housing costs Extra income is hard to come by Too much time on your hands You'll need to make new friends Retirement is tough on relationships We know our audience is way better than the personas used to often scare the early retirement community. Our hope is this will give you a little more peace of mind on your journey to financial independence. If you got value out of this episode, please share it with a friend! 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)

Ever wonder how someone ends up being the resident expert on something like The Today Show? That's where today's guest, Lauren Cobello comes in. Lauren struggled with money at first. She even had her car REPO'd at one point. It makes sense why she would later write a book titled "The Recovering Spender". In the beginning, she was teaching coupon seminars for church groups. That then slowly started to develop into a personal brand around frugality. Then after a few years, her expertise and resumé grew to the point she was regularly featured on shows such as The TODAY SHOW, The Rachael Ray Show, ABC’s Nightline, Good Morning America, Fox & Friends, and more. Lauren gives us a lot of insight into what it takes to get into big media. But even if you're not looking for a media feature, there are so many lessons that translate to any pursuit you're considering -- like the power of preparation for example. When you become a trusted and reliable source of value, people will return to you with more frequent and exclusive opportunities. If you loved Lauren's story as much as we did, please share it with a friend! Links From the Episode LaurenCobello.com LeverageWithMedia.com The Recovering Spender Lauren's Instagram Lauren's YouTube Channel YouTube Interview https://youtu.be/5RdLaYOXn7c 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)

Ever dreamt of leaving corporate America to build your own business? That's where today's guest, Amy Porterfield, author of Two Weeks Notice comes in. Amy put in her 2-weeks notice in 2009 and the rest is history. She didn't hate her job, but she just felt that there was "something else" out there. And so she decided to take the leap and start her own business. At first, she struggled. A lot. But instead of getting frustrated. She learned and improved. Just four years later, in 2013, she made almost $1M with her brand and online courses. Today, she has a multi-million dollar business, a four-day workweek, and a life she loves. Amy is now teaching millions of others how to follow in her footsteps. If you loved Amy's story as much as we did, please share it with a friend! Links From the Episode Amy's Book (Two Weeks Notice) Amy's Website Amy's Instagram YouTube Interview https://youtu.be/2FPK4tUXUNA 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)

Jorge Contreras, expert in Airbnb arbitrage, shares his inspiring story of overcoming challenges and building a 7-figure business. He explains the concept of Airbnb arbitrage, the benefits and low-risk nature of this strategy, and how to get started. Topics include finding properties, approaching landlords, attracting guests, legal considerations, and using software tools. A must-listen for those interested in earning STR income without owning real estate!