Financial Independence Podcast

Struggling to transition from saving to spending? Discover how to reframe your mindset around money and embrace new spending skills. Learn to accept inefficiencies as your wealth grows and prioritize meaningful experiences over fixed costs. Explore the benefits of splurge accounts and creative ways to enjoy your finances now. Gain insights on being more generous while maximizing personal joy in your purchases. It's all about enjoying every dollar spent and experimenting with spending in a thoughtful way!

A personal reflection unfolds as the speaker shares their unexpected journey after declaring financial independence. They reveal that true freedom goes beyond banking numbers, focusing on meaningful spending for a fulfilling life. Major changes prompted insights on wise expenditures, emphasizing happiness over mere wealth accumulation. Listen in for valuable lessons drawn from past experiences and the importance of evolving perspectives on money.

Podcast explores the benefits of quitting a job for financial independence, sharing personal journey and highlighting unexpected opportunities. Strategic use of quitting to improve current job and pursue financial independence by negotiating better terms and enhancing happiness.

Explore how financial independence can lead to happiness by removing negative aspects instead of adding more. Hear personal experiences on the significance of relationships and experiences in achieving true contentment.

Bill Perkins, author of Die with Zero, discusses maximizing net fulfillment over net worth, timing bucketing experiences, breaking financial autopilot, and fearing wasting life more than running out of money on a podcast about financial independence.

Guest JL Collins, author of Pathfinders and The Simple Path to Wealth, discusses the power of FU Money, the superiority of index investing, and the pros and cons of owning a house as an investment. He also delves into the advantages of index funds over individual stocks and actively-managed funds, and offers valuable insights on handling market volatility and preparing for the next crash.

Parker Hewes, author of Lifelong Youth: The Simple Path to a Long and Youthful Life, shares the eight health behaviors that will do the most for your long-term health and wellbeing. They discuss the connection between money and health, staying hydrated, getting enough sleep, the importance of natural movement and play, and various health behaviors for a longer, healthier, and happier life.

Real estate investors Jillian Johnsrud and Chad Carson discuss the benefits of small real estate investing and challenge common notions of leveraging debt. They emphasize the importance of aligning real estate with desired lifestyle and share personal examples of community involvement and positive impact. The episode also includes a discussion on Chad Carson's new book on practical steps and philosophy for smaller investors.

On today's episode of the Financial Independence Podcast, I welcome back Ramit Sethi from I Will Teach You to Be Rich! I needed someone to come on the show to provide some tough love and Ramit was the only person for the job. As Ramit mentioned during our last interview, FIRE people are great at knowing what NOT to spend on but we're not good at knowing what to spend on. Spending is going to be a big focus on the Mad Fientist this year and I can't think of a better way to kick off this discussion than by getting yelled at by Ramit so hope you enjoy it! Highlights Why we doubled our annual spending (and was it worth it) What Ramit did to make me get all clammy and uncomfortable Why pay less when you can pay more How to imagine your own rich life Why you should start wasting some money at a certain point

Over the last few years, I interviewed members of my family to find out two things: How I became the Mad Fientist (i.e. where did I get my extreme ideas about money) What advice they'd give to parents hoping to raise money-smart children This is a short but sweet holiday episode to end the year and I hope you enjoy it!