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In this week's episode, Brad and Jonathan continue along their, "Financial Independence A to Z," journey by examining savings rate and the many different ways it can be calculated! One of the pillars that sets the FI community apart is the emphasis on saving money in order to unlock more in your life. So, by having the right tools needed to calculate your savings rate, you can begin to make adjustments and hopefully start the process of taking back your time! Timestamps 0:59 - Introductions 4:30 - Ben's Question 7:41 - How Do You Calculate Your Savings Rate? 12:00 - Why Savings Rate Is Important 18:25 - Nuances In Saving 21:55 - Calculation Example 28:15 - Scenario Three 37:57 - Looking At The Nuances 46:56 - Conclusion Resources Mentioned In Today's Conversation Find The Article Mentioned By Brad and Jonathan Here! KiwiCo The Tim Ferris Show Check Out ChooseFI's Financial Independence A to Z series! Subscribe to The FI Weekly! If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan discuss a variety of tools that can help you stay on-top of your budget. Whether you create your own tracking systems or don't have any expense tracking systems in place yet, there likely is a tool mentioned in this episode that can help you get one step closer to your financial goals! Remember, keeping your expenses organized can help you take drastic steps forward in your FI journey! Timestamps 0:56 - Introductions 3:57 - Identity Statements and Failure 9:55 - The Post Tax Season Check-Up 13:33 - The Large Tax Return 17:34 - Simplifying Your Financial Life 22:34 - Loading Your Financial Tool-belt 26:25 - Tracking The Cost Of Your Life 34:53 - Tracking Softwares 42:17 - Envelope Systems 46:44 - Should You Use A Budgeting Template 51:56 - Conclusion Resources Mentioned In Today's Conversation The Stacking Benjamins Podcast Wellbeing Monthly Budget Tool Vertex42 Afford Anything With Paula Pant Tiller Money YNAB Do You Need A Budget? | ChooseFI Episode 165 Intuit Mint Dave Ramsey's Envelope System EveryDollar It's Your Money Excel Deluxe Envelope Check Registrar Personal Capital Subscribe To The FI Weekly! If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this weeks episode, Brad and Jonathan discuss some natural remedies your may find useful in your life, the economics behind the modern startup scene, and most importantly the basics pillars of financial literacy! Join the guys as they share their philosophy towards tackling financial literacy and why it is such an important topic to study. By knowing the rules of the game, maybe you can start to widen that gap between income and expenses! Timestamps 0:56 - Introductions 1:52 - Fulfilling Remedy Responsibilities 6:22 - WeWork and Startup Economics 12:47 - Increasing The Gap 17:11 - Picking a Career 20:20 - Financial Literacy A to Z 24:33 - Budgeting and Optimizing Expenses 32:42 - Automating Your Finances 36:06 - The Longterm Mindset 44:40 - Borrow and Protect 52:17 - Conclusion Resources Mentioned In Today's Conversation WeCrash ChooseFI's PreK-12 Curriculum The Rebel Entrepreneur With Alan Donegan Start Your FI Journey With ChooseFI! Subscribe to the FI Weekly! Financial Independence A to Z Joe Saul-Sehy The Mad Fientist If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

It's officially tax season! In this week's episode, Brad and Jonathan discuss tax extensions and share some of their experiences paying taxes in the past. No matter what walk of life you are in, at the end of the day we all have to pay taxes. As members of the FI community, we should do our best to stay calm and tackle the task! Timestamps 1:10 - Introductions 1:55 - Daylight Savings 5:18 - Viral Nightmare Tax Scenario 11:36 - Putting Aside Taxes 20:39 - Extensions 26:32 - The Not Genius Move 31:17 - Larger Than Expected Tax Bills 34:30 - Small Business and Side Hustles 37:53 - Conclusion Resources Mentioned In Today's Conversation Huberman Lab Podcast The Peter Attia Drive Podcast Fifth Wheel Physical Therapist NFTs For Newbies Podcast: "Taxes and NFTs Part 1 With Brad Barrett" NFTs For Newbies Podcast: "Taxes and NFT Part 2 With Brad Barrett" Subscribe To The FI Weekly! If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan are joined by author and friend of the show Brian Feroldi. After spending two years writing the book, Why Does The Stock Market Go Up? Brian is returning to the show once again to share with you the valuable lessons he has along the way! Join the trio as they discuss why the stock market goes up, down, and everything in-between! Brian Feroldi Twitter: @BrianFeroldi Book: Why Does The Stock Market Go Up By Brian Feroldi Timestamps 1:33 - Introductions 2:40 - Understanding The Market 7:07 - History Of The Dow Jones 13:19 - The NASDAQ 16:35 - Valuation 23:22 - The Future Is Inevitable 24:45 - Stock Splits 33:14 - What Are You Buying? 44:10 - Conclusion Resources Mentioned In Today's Conversation The Motley Fool Subscribe to The FI Weekly! If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan sit down with Joe Saul-Sehy, co-author of the book "Stacked" and co-host of the "Stacking Benjamins" podcast. Together, the trio discuss how to properly set goals for yourself and ways you can continue to move that needle along! If you stick to your timeline and ask the right questions, before you know it you could be on the right track! Joe Saul-Sely Website: joesaulsehly.com Book: "Stacked: Your Super-Serious Guide to Modern Money Management" by Joe Saul-Sehly and Emily Guy Birken Podcast: The Stacking Benjamins Podcast Timestamps 0:51 - Introductions 5:20 - Goal Setting And The Timeline 10:41 - Bad Questions And False Rabbit Holes 15:25 - Talking Family Finance 20:24 - Budgeting And Tracking 28:25 - Comparison Is The Thief Of Joy 32:21 - Financial Advisors 45:30 - Assets Under Management 51:51 - About "Stacked" And Where You Can Find It! 54:02 - Conclusion Resources Mentioned In Today's Conversation Information About The "Stacked" Book Tour Rob Phelan and The Simple Startup Franklin's Fortune Paula Pant and Afford Anything JL Collins and The Simple Path To Wealth Find Your Local ChooseFI Group! Subscribe to The FI Weekly If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

What happens when an unstoppable force meets an immovable object? In this week's episode, Brad and Jonathan continue their discussion from last week about clarity and goal setting, but this time they focus on ways to circumnavigate the seemingly immovable objects in our lives. Overcoming objections that prevent us from the futures we want can actually be surprisingly easy if you adopt the right mindset. Become the unstoppable force that shatters those barriers holding you back! Timestamps 1:00 - Introductions 1:53 - Goals & The Aggregation of Marginal Gains 6:58 - Manifestation 14:55 - Clarity & What YOU Want 24:27 - Becoming The Unstoppable Force 30:10 - Controlling Monthly Expenses 35:12 - Car Payments 37:46 - Accounting For Your Mindset 42:43 - Conclusion Resources Mentioned In Today's Conversation "Goals!: How to Get Everything You Want -- Faster Than You Ever Thought Possible" by Brian Tracy Bigger Pockets "A Complaint Free World: How to Stop Complaining and Start Enjoying the Life You Always Wanted" by Will Bowen Subscribe to the FI Weekly! If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan kick off part one of a two episode series focussed on decluttering, de-noising, and de-stressing your life! What makes the FI lifestyle so special is it's ability to block out social norms allowing for us to build our own healthy, happy, and free lives! By decluttering your life, you can surround yourself with uplifting material that will help you continue your trek down the path less traveled. Timestamps 1:00 - Spring is Coming! 3:36 - Long-Term Thinking 7: 19 - Decluttering 15:15 - Tackling Social Prisons 23:10 - The Oasis 29:22 - Junk Mail and Saying No 37:30 - The Red X 40:50 - Conclusion Resources Mentioned In Today's Conversation The Happy Philosopher | The Happiest Man In The Room | ChooseFI Episode 48 Get Off The Hamster Wheel with Jonathan Backstory | ChooseFI Episode 4 7 Decluttering Tips to Organize Your Life in 2022 The Tim Ferris Show DMA Choice Opt Out Prescreen Valpack Opt Out Your Ad Choices Subscribe to The FI Weekly! Derek Sivers If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan unpack the problems that lie within modern retirement calculations and provide examples of how you can work around these flaws. As opposed to focusing on income, maybe it is better to learn how much our lives cost us. Expenses appear and disappear as life goes on, it is important to factor that in to your FI number! Timestamps 1:01 - Introductions 2:00 - Listener Feedback, Permaculture, and Libraries 6:55 - Annual Expenses 14:08 - The Retirement Smile 16:53 - Addressing That FI Number 22:21 - The Pile of Cash 30:45 - Upcoming Events! 32:07 - Major Purchases For Those Entering The Workforce 41:40- Conclusion Resources Mentioned In Today's Conversation Subscribe to the FI Weekly! The Art of Frugal Hedonism Root of Good JL Collins Early Retirement Now Flexible Spending Rules For Early Retirees | ChooseFI Episode 176 Camp FI Find Your Local ChooseFI Group Today! Join ChooseFI's Facebook Group! Risk Parity Radio If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile

In this week's episode, Brad and Jonathan discuss the importance behind moment you decide it is time to make a change in your life. While making the decision to alter your life for the better is often easy, actually consistently carrying out that goal can be tough to do. We all hit road blocks, we all stray from our goals, but being able to correct your path is vital to actually changing for the better! Keep track of your progress and set yourself up to success! Timestamps 0:00 - Introductions 1:09 - Favorite Two Days of the Year/Berkshire Hathaway 6:18 - Bumming On The Couch Story 12:36 - What Are You Pivoting Towards? 16:07 - Making The FI Choice 19:43 - Journaling Thoughts 24:54 - What Compels Change? 29:50 - Accountability 33:10 - Subconscious Guard Rails 38:10 - 1% Changes Add Up 40:45 - The Goal of Paying Off Credit Card Debt 43:10 - Conclusion Resources Mentioned In Today's Conversation Berkshire Hathaway Letter to Shareholders "The Happy Body" by Aniela and Jerzy Gregorek Making Bold Moves with Dominick Quartuccio | ChooseFI Episode 355 The Why Of FI | ChooseFi Episode 038 How to Get Out of Debt | ChooseFI Episode 115R Debt 101: The Ultimate Guide to Debt If You Want To Support ChooseFI: 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 Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile