In this episode, The FI Show Guys take an honest look at Dave Ramsey's 7 Baby Steps. While we believe Dave Ramsey has been a great gateway for a lot of people, there's a ton we just can't agree with. "Save 15%, never use credit cards, pay off all debt before investing"....these are just too prescriptive and not very optimal mathematically. We know there's a lot of Ramsey believers out there, and we welcome your feedback to this episode. If you're unfamiliar with the Baby Steps, here's a quick overview: Baby Step 1: Save $1,000 for your starter emergency fund Baby Step 2: Pay off all debt (except the house) using the debt snowball Baby Step 3: Save 3-6 months of expenses in a fully-funded emergency fund Baby Step 4: Invest 15% of your household income in retirement Baby Step 5: Save for your children’s college fund Baby Step 6: Pay off your home early Baby Step 7: Build wealth and give Know someone that blindly follows Dave's advice? Share this episode with them and show them there are more options out there! 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features Sarah King from Nerds Guide to FI. Sarah gives us an in-depth honest review of her journey. She started as a Dave Ramsey follower, but quickly realized there was more to personal finance than just getting out of debt. Sarah would go on to build up a nice portfolio of rental properties before a divorce would bring her back to square zero. Since then, Sarah has rebuilt her portfolio and is now spreading financial education to the masses. Share this episode with your friends, leave a review, and don't forget to check out more of what Sarah has to offer with the links below! Links From the Episode Nerds Guide to FI Blog Nerds Guide to FI Instagram Nerds Guide to FI Podcast YouTube Interview https://youtu.be/VbkO0-4mFn4 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features Jeremy Schneider from Personal Finance Club. Jeremy started his journey as a young, scrappy entrepreneur. In 2004, in founded Rentlinx out of his bedroom with nothing but grit and determination. He slowly scaled the business while keeping his salary under $36k throughout most of the company's growth. Then, in 2015, 11 years after its founding, Jeremy sold Rentlinx for over $5 million dollars! After going through a bit of an existential crisis and playing video games for a year, Jeremy founded Personal Finance Club. As a lifelong personal finance enthusiast, he's now turned his attention towards helping others learn how to invest and become wealthy in simple terms that rely on tried and true methods. He's built a tremendous following in a short amount of time and you'll hear exactly how and why. Share this episode with your friends, leave a review, and don't forget to check out more of what Jeremy has to offer with the links below! Links From the Episode Jeremy's Investing Course ($20 off with discount code "FISHOW") Personal Finance Club Website Personal Finance Club Instagram YouTube Interview https://youtu.be/undNhtrfdvc Episode Partner The Personal Finance Club Investing Course gives a simple and comprehensive walk-through on how to build wealth by investing. If you're just getting started with investing, this course is perfect for you. If you've already got your investments in order, select the gift option and give the course to a family member or friend in need. More than 10,000 have enrolled and there are hundreds of positive reviews. Use discount code "FISHOW" for $20 off.   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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features John and David from Debt Free Guys and the Queer Money Podcast. David and John were going on a vacation and thought to themselves, "Let's buy a vacation home here". Only to soon realize that they could barely afford to rent a home for a weekend getaway. They had let their financial habits get out of control and ran up $51k in credit card debt. Then everything changed. They would tackle that debt in less than three years utilizing their famed Debt Lasso Method. Today, David and John are spreading financial wisdom with a focus on the LGBTQ community which faces unique struggles and challenges. Share this episode with your friends, leave a review, and don't forget to check out more of what David and John have to offer with the links below! Links From the Episode Debt Free Guys Website Queer Money Podcast YouTube Interview https://youtu.be/RP6oiFgOSD8 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features Kelly Anne Smith from Freedom in a Budget. Kelly finds herself struggling and living paycheck to paycheck. Then, as many do, she turns to Dave Ramsey. After learning about budgeting, Kelly found even more personal finance content through YouTube. Fast forward a few years and Kelly has created a Youtube channel of her own that has produced over $100k in revenue and is teaching others about personal finance. Share this episode with your friends, leave a review, and don't forget to check out more of what Kelly has to offer with the links below! Links From the Episode Freedom In a Budget Kelly's Youtube Channel Kelly's Instagram Dreamer to Profitable (Kelly's Entrepreneurship Course) YouTube Interview https://youtu.be/P2vu-WFKb5k 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

In this episode, Justin and Cody give their take on inflation. If you've been on social media or watched the news recently, you might have seen the 6.2% inflation rate over the past year. Everyone in this space loves formulas and hard math, but we'll tell you why patience and flexibility might be even more powerful tools. Here are a few examples of the inflation we're seeing if you hadn't heard: Bacon -> up 20% Used cars -> up 26% Gasoline -> up 49% Beef -> up 20% Don't get too frightened though, we have the answers to keeping you on your FI path even when inflation hits. Links from the Episode EconoMe Episode with Diania Merriam The Fi Show Facebook Group 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features the amazing story of Todd Baldwin. Todd grew up poor and dropped out of college, but he had one huge goal. Simply to be rich. He dropped out of college and took a high-commission sales job selling commercial insurance. Before long, he was making multiple six figures while others were still in school racking up student loan debt. Today, he's raking in over $1M annually with his real estate and entrepreneurial ventures yet still living in one side of a duplex he owns and secret shopping his way into free movies. Check out the links below for more info on Todd and don't forget to share this episode with a friend! Links From the Episode Todd's Instagram Todd's Youtube Channel CNBC Article YouTube Interview https://youtu.be/HIOKZrugmYo 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Today's episode features the amazing world traveler, digital nomad, and real estate investor Sarah Weaver. Sarah took a one-way trip to Europe in college and caught the travel bug for life. Since then, she's worked most of her adult life as a digital nomad -- sometimes working insane hours overseas for the at-home 9 to 5. Nevertheless, Sarah built a career coaching realtors and investors while also building a rental empire of her own. Learn how Sarah leveraged location independence and the bank's money to design the life she wanted. Take a listen and get inspired! Links From the Episode Sarah's Instagram 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

In this episode, Cody & Justin spill the beans on all the tips, tricks, and hacks they use to travel the world for a fraction of the cost. Of course, you'll hear about credit card hacks, but it doesn't stop there. Where to stay, how to decide, when to leave, how to pay... it's all covered in this episode. Take a listen and let us know if you've discovered a travel hack that we missed or let us know the one you're most excited to try. Links From the Episode Scotts Cheap Flights Dollar Flight Club Hopper Google Flights Award Hacker Eventbrite 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

This week, we're re-airing an episode from the Earn & Invest podcast where Cody & Justin were interviewed along with Rachel Richards. Doc G delves into how passive income has evolved in this post-COVID era in addition to examining the many different paths to financial independence. Tune in to hear our thoughts and experiences in the current economic environment and how it's affected our financial situations. Enjoy! Links from the Episode Earn & Invest Podcast Money Honey Rachel 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 Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)