The Financial Independence Show

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!

Today's episode features John Eringman a.k.a John E Finance who left his accounting job at age 25 to pursue content creation full-time. From the beginning, John was doing everything "right". He got good grades, landed an accounting job, and was saving a decent % of his income. But John knew that something was missing. As a fun side project, he started recording short videos covering basic personal finance topics: student loan debt, credit cards, budgeting, etc. All things that he wished he was taught in school (despite having a degree in Finance). What John didn't expect was how quickly these videos would gain traction. Within just a few months, he had amassed hundreds of thousands of followers across TikTok and Instagram. And better yet, he started to out-earn his day job through sponsorships and affiliate marketing. Today, John works as a full-time content creator and shares financial education with millions. If you loved John's story as much as we did, please share it with a friend! Links From the Episode John's TikTok John's Instagram John's YouTube John's Website YouTube Interview https://youtu.be/nOu6u3WJQds 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 share their goals and strategies for 2023. The goals were loosely broken into a few groups. Finance Justin: Hitting $2k/month from covered calls, eliminating car payment, covering half of the mortgage via Airbnb & Turo Cody: Solo 401K, tax optimization through real estate, syndications, angel investing, spending more on time-saving services Business Cody: Doubling down on Gold City Ventures, podcast growth, rental properties Justin: Upskilling his direct reports and finding them leadership opportunities Travel Cody: Slow travel & workations Justin: Take his dad on his first international trip, more trips w/ close friends, establish a Trusted House Sitter profile Fitness Cody: Gym 5-7 days per week, less screen time before bed, daily walks, limited alcohol Justin: Maintaining low body fat % and increasing muscle, a full year without getting drunk Other: Justin: Building up skills in 3d printing/laser engraving Cody: Always putting people before business/money We think 2023 will be a great year for The Financial Independence Show and for all of you as well. Make sure you pop over to our Facebook group and share your 2023 goals! We'd love to cheer you on and keep you accountable. Links From the Episode Covered Calls with Daniel Alonzo Trusted House sitting with Britt Solo 401ks The Topia App with Logan Leckie 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 our FREE Budget Planner 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)