ChooseFI
ChooseFI
How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.
Episodes
Mentioned books
25 snips
Mar 4, 2024 • 59min
479 | Are You on Track to FI? | FI Roundtable
The podcast discusses FI in your 20s, the boring middle, fat FI, compounding, checkpoints, and building a life. Guests share their FI journeys, tips for enjoying the journey, and navigating slow times. It emphasizes the unique nature of each person's FI goal and the importance of creating the life you want. The episode also explores saving versus life enhancement, role models, and the impact of checkpoints on the FI journey.
7 snips
Feb 26, 2024 • 53min
478 | 2024 Investing Update | Brian Feroldi
Topics discussed include: buy and hold strategy, macroeconomics, impact of interest rates on investing, high yield savings accounts, when to sell stocks, evolving mindset, and thinking differently about investments.
13 snips
Feb 19, 2024 • 1h 17min
477 | The Hot Seat: Community Edition
Listeners share valuable insights on topics like Atomic Habits, Opportunity Cost, Mental Wellbeing, PSLF Forgiveness, House Hacking, and DIY projects. The episode emphasizes building habits, self-awareness, frugality, and navigating investment fees. It also discusses prioritizing health through weightlifting, cutting alcohol, and personal growth reflections.
8 snips
Feb 12, 2024 • 1h 8min
476 | Love, Loss, and Money: The Shocking Financial Aftermath of a FI Spouse’s Death | Amy
Amy shares her personal experience with estate planning after an unexpected passing. They discuss the importance of wills, beneficiaries, intestate succession, and probate. Taking actionable steps like designating beneficiaries and setting up wills can make the process easier for loved ones. They also emphasize the significance of setting up emergency access for password managers and working with a financial advisor for guidance. Planning for the future and overcoming grief is essential, including setting up a will and trust, organizing important documents, and coping with grief.
140 snips
Feb 5, 2024 • 58min
475 | How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney
Tax expert Sean Mullaney joins the show to discuss strategies for accessing retirement funds early, including taxable accounts, inherited retirement accounts, 457B's, roth conversion ladders, and the rule of 55. The discussion explores various options for withdrawing money before age 59.5 without penalties and provides valuable insights into maximizing tax efficiency for early retirees.
20 snips
Jan 29, 2024 • 1h 4min
474 | Social Security Deep Dive | Denis Shapiro
Denis Shapiro, owner of Financial Security Advocates, discusses the importance of Social Security benefits in FI planning. The podcast covers misconceptions about Social Security, calculating benefits, earning inclusion for small business owners, benefits for divorced spouses, filing strategies, and Medicare. Listeners are encouraged to visit ssa.gov, reach out to Financial Security Advocates, and join the ChooseFI community.
52 snips
Jan 22, 2024 • 50min
473 | Are We There Yet? 'Retire Early' Case Study
Retirement expert Fritz Gilbert and guest Teresa discuss calculating retirement, tracking expenses, health insurance, planning, and health spanning. They provide valuable insights on transitioning to early retirement, exploring medical insurance options, maximizing investments and time, and the importance of updating retirement plans.
9 snips
Jan 15, 2024 • 54min
472 | The Cure for the Boring Middle | Fioneers
Explore the 'boring middle' stage in the financial independence journey and its potential for growth. Shift focus from practical aspects to finding fulfillment. Embrace lifestyle design through iterative process of self-discovery and experimentation. Break free from societal expectations and embrace your true desires. Discover the joy of flow and connecting with others. Set meaningful goals and find balance between present satisfaction and future aspirations. Learn about 'slow-fi' and 'close-fi' phrases and ways to get involved with ChooseFI community.
9 snips
Jan 8, 2024 • 46min
471 | Mailbag: Inflation and FI, ACA Subsidies, Roth vs. Trad and More | Cody Garrett
In this episode, Cody Garrett, Founder of Measure Twice Money, joins the hosts to answer listener questions on topics such as inflation and financial independence, ACA subsidies for early retirees, Roth 401k vs. Roth IRA, and diversifying a concentrated portfolio. They discuss the importance of accounting for inflation when calculating the FI number, maximizing ACA subsidies through strategic withdrawals, and strategies for reducing concentration risk in investments. A valuable episode for those interested in early retirement planning and optimizing their financial strategy.
9 snips
Jan 1, 2024 • 1h 11min
470 | The Spectrum of Financial Independence | Chris Hutchins
Chris Hutchins, host of the All the Hacks podcast, joins the show to discuss the spectrum of financial independence. They explore terms like FI versus FIRE, lean FI, and coast FI, and share tools for tracking FI. They also touch on optimizing accounts, the skill of spending, prioritizing health, and dying with zero. From evolving definitions to changes in their own journeys, they cover all aspects of FI and how it can lead to a more fulfilling life.
