ChooseFI

ChooseFI

54 minutes 28 seconds

488 | The Courage to Take Action | EconoMe LIVE with Doc G
In this episode: courage from community, what to do next, overwhelm, finding community, and the evolution of FI.

Live from the EconoMe Conference in Cincinati Ohio, Brad is joined by Jordan "Doc G" Grumet and a room full of passionate members of our community to discuss finding the courage to take action in your FI journey. While we understand money can be a north-star for many early in your venture towards FI, what happens once money is no longer the root of your goals? Where do you shift your focus to next? Well, sometimes finding answers to these questions is a little easier when you have help from some of your friends. Listen along as Jordan, Brad and our community speculate on their ideas for what their next steps are.

Doc G:
- Website: earnandinvest.com
- Podcast: The Earn and Invest Podcast
Timestamps:
- 0:41 - Introduction
- 1:41 - Courage From Community
- 7:40 - Roger and What To Do Next?
- 20:31 - Allison and Finding Community
- 30:15 - What/Where is the Overwhelm
- 34:49 - The Evolution of FI/Being The Change You Want To See
- 41:11 - Reconciling With Social Responsibilities
- 44:34 - Charitable Giving
- 47:21 - Interacting Outside of The Community
- 51:55 - Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
- Get a cheaper phone plan with Mint Mobile
22 April 2024, 5:00 am
59 minutes 24 seconds

487 | Military FI: Optimizing Your Financial Plan before Military Retirement | Daniel Kopp, CFP
In this episode: survivor benefit plans, VA benefits, VSO's disability benefits, tax planning, healthcare, and blended retirement systems.

This week we are joined by Daniel Kopp, founder of Wise Stewardship Financial Planning, to outline ways you can best prepare for military retirement. Together we cover pensions, navigating the Survivor Benefit Plan and additional benefits, healthcare and disability resources, as well as other financial decisions you can consider as you begin to transition out of the military. When dealing with any kind of retirement planning, taking actionable steps to prepare and get a plan in place for you and your family is essential. While everyone's circumstances may be different as they transition out of the military, there are many resources available and benefit programs you are entitled to before and after you leave duty!

Daniel Kopp, CFP
- Website: wisestewardshipfp.com
- Podcast: Military to Financial Planner
Timestamps:
- 1:26 – Introduction
- 2:32 – Approaching Military Retirement/Blended Retirement System
- 9:38 – Military Benefits/Healthcare
- 15:36 – VA Benefits/Term Life Insurance
- 22:12 – Disability Benefits/VSO’s
- 30:17 – Survivor Benefit Plans
- 43:13 – SBP Contingencies and Child Coverage
- 50:41 – Tax Planning
- 56:26 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
- Get a cheaper phone plan with Mint Mobile
15 April 2024, 5:00 am
40 minutes 34 seconds

486 | The Wealthy Educator | Chris Travers
In this episode: public service accounts, side hustles, making FI possible, frugality, giving yourself freedom, and side hustles.

This week we are joined by Chris Travers, a New York City public school teacher and FI community member, to discuss his journey from being a natural saver to becoming a savvy investor, talk advantages and disadvantages of some of the retirement accounts provided to teachers, as well as discuss some ways he has been able to grow his net worth in the last 10 years. Frugality is a term that often comes up while on the FI path, and finding a balance of saving and spending is crucial to reaching your financial goals. Remember that where you decide to save and spend and how you do so will evolve throughout your FI journey! While it can be hard to cut costs of the things you enjoy in the present, being willing to cut out what you don’t need can set you up for success in the future!
Chris Travers:
- Book: “TL;DR: Financial Literacy for New York City Public School Teachers: Optimizing Financial Decisions Based On Your TRSNYC Benefits” by Christopher Tavers and Karl Fisch
- Instagram: @thewealthyeducator
Timestamps:
- 0:54 – Introduction
- 6:47 – Public Service Accounts
- 11:38 – Diving Into FI
- 15:08 – Side Hustles/Making FI Possible
- 22:17 – Renting vs Buying
- 26:43 – Frugality and Loosening the Purse Strings
- 32:25 – Giving Yourself Freedom
- 37:53 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
- Get a cheaper phone plan with Mint Mobile
8 April 2024, 5:00 am
57 minutes 3 seconds

485 | Mailbag: Spending Down to Zero, High Fee 401k, Mini Retirements | Rachael Camp
In this episode: spending down to zero, the ratcheting rule, the guardrails approach, high fee 401k's, and mini-retirements.

This week we are diving back into the listener mailbag with Rachael Camp to address the pressing questions our community has! Whether it's curiosity towards the concept of dying with zero, determining whether it is a good time to take a mini-retirement, or working with high-fee 401k's, Brad and Rachael tackle it all! Listen along as YOU the community dictate the conversation with your hot button FI questions!

Rachael Camp:
- Website: www.rachaelcampwealth.com
- Twitter: @camp_wealth
Please note:

Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies.
Timestamps:
- 0:55 – Introduction
- 1:38 – Spending Down to Zero
- 10:15 – The Ratcheting Rule and The Guard Rails Approach
- 20:38 – Flexible Spending Strategy
- 27:01 – Does Everything Need to be Optimized?
- 31:15 – High Fee 401k’s
- 41:48 – Mini Retirement Considerations
- 49:54 – Roth IRA Contributions and Faze Out Limits
- 55:57 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
- Get a cheaper phone plan with Mint Mobile
1 April 2024, 5:00 am
1 hour 7 minutes

484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen
In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values.

This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life, once you have that freedom, take advantage of it like the Allen’s have!
Timestamps:
- 1:25 – Introduction/The FI Mindset
- 9:02 – Budgeting/Wants and Needs
- 14:59 – Side Hustles
- 21:02 – Financial Literacy to FI
- 23:29 – Tax Planning/Travel Rewards
- 29:11 – College Hacking
- 42:05 – Living Your Values and Taking Time Off
- 48:39 – The Importance of Knowing the Rules
- 53:48 – Traveling Like a Pro
- 69:25 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
- Get a cheaper phone plan with Mint Mobile
25 March 2024, 5:00 am
1 hour 10 minutes

483 | Effective Giving for the FI Community | Rebecca Herbst & Jack Lewars
In this episode: building a giving framework, the giving pledge, compound impact, donor advised funds, and different ways to give.

Is it better to give to charity in a lump sum versus incrementally? What are the tax implications of donating? What are the benefits of using donor advised funds? This week we answer these questions and more with the help of Rebecca Herbst and Jack Lewars as we discuss charitable donations and effective giving while on the FI journey. A large part of FI is taking actionable steps to improve your life, but this journey also opens up opportunities to improve the life of others. While navigating donations while on the path to FI can seem tricky because we are so focused on attaining our FI numbers, there are still many ways you can give back and make a difference. Creating the habit of effective giving can help you leave an impact on yourself and the world at large! There are many resources available that can help calculate what you can give while remaining on the FI track, as well as help you see how your donations are making a difference!
Rebecca Herbst & Jack Lewars:
- Yield and Spread: yieldandspread.org
- Rebecca’s Coaching Program: Coaching for do-gooders
- 1 For The World: 1fortheworld.org
- Jack’s LinkedIn: Jack Lewars
Timestamps:
- 1:37 – Introduction
- 4:24 – The Giving Pledge
- 11:59 – Building A Framework And Effective Giving
- 23:20 – Should You Get To FI Before You Give?
- 33:12 – Compound Impact
- 39:48 – Feedback From Giving And Fun Funds
- 51:08 – Different Ways To Give
- 61:09 – Donating Appreciated Stocks
- 66:59 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
18 March 2024, 5:00 am
34 minutes 3 seconds

482 | Update: Are Remote Tech Careers Still Relevant in 2024? | Bradley Rice
In this episode: salesforce, lifestyle design, testimonials and verification, the hidden job market, and talentstacking.

Once again joined by friend of the show Bradley Rice, the owner and creator of TalentStacker, to update us on the value of SalesForce and career pivoting in 2024. While on the FI journey, you are actively creating the life you want to live. For many that means transitioning out of their life-long careers and opting for ones that offer something different and more accustomed to the life you’re creating. Learning a new skill or starting a side hustle can be the first step to finding that new career, and finding a program that works for you should offer more than just a certification, but assist you in finding new opportunities and a community that supports you!
Bradley Rice:
- Website: talentstacker.com
- Facebook: Salesforce for Everyone
- Salesforce 5 Day Challenge: Take the FREE 5-Day Challenge
- Podcast: Salesforce for Everyone
Timestamps:
- 1:38 – Introduction
- 4:17 – Work, Lifestyle Design, and Talentstacking
- 10:15 – Testimonials, Doing Your Research, and Verification
- 14:55 – The Hidden Job Market
- 19:36 – Entering a Salesforce Career with Talentstacker
- 26:39 – Salesforce Security
- 32:25 – Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
15 March 2024, 5:00 am
45 minutes 11 seconds

481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura
In this episode: caregiving and FI, retirement planning, reverse mortgages, long-term care, and long-term care insurance.

This week we are joined by Danielle Miura to discuss how her experience as a caregiver has impacted her FI mindset, as well as answer listener questions pertaining to planning for your own long-term care while on the path to FI. As you and your loved ones get older, it’s important to start considering what additional finances they may require. From long-term healthcare to assisted living, there are many factors that not only impact their life financially, but could impact you and your FI plans. While it may be uncomfortable to have conversations with loved ones about their finances and expenses, it is imperative to have these discussions early and create a plan that works for you and your family.
Danielle Miura:
- Website: spark-fin.com
- LinkedIn: Danielle Miura
- Twitter: @Daniellemiula
Timestamps:
- 1:19 – Introduction
- 2:22 – Caregiving and FI
- 7:28 – Dealing With Poor Retirement Planning
- 15:38 – Reverse Mortgages and Viability of Selling The Home
- 21:41 – Having The Uncomfortable Conversation
- 24:40 – Planning For Your Final Years
- 32:41 – Long-Term Care and FI
- 36:10 – Long Term Care Insurance
- 45:30 – Conclusion
Resources Mentioned In Today’s Episode:
- Subscribe to The FI Weekly!
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
11 March 2024, 5:00 am
33 minutes 17 seconds

480 | Update: Healthiest Year Ever | Dean Turner
In this episode: optimized exercise, recovering, machine use, increasing your healthspan, and long-term thinking.

This week we are joined by Brad’s friend and personal trainer, Dean Turner, to discuss the changing landscape of strength training, and how principles such as consistency and adherence coupled with rest and recovery can also be applied to both your fitness and FI journey. We often talk about how the path to FI is not just about working towards a monetary goal, but rather creating a better life for yourself. For some this can mean taking a personal account of your health, and taking actionable steps to improve it. Just as making financial changes requires consistency, making physical changes requires the same. While these changes don’t happen overnight, these actions continuously build off of one another and make you stronger!

Dean Turner:
- Twitter: @DeanTTraining
- Website: deanturnertraining.com
Timestamps:
- 2:30 - Introduction
- 3:41 - Optimized Exercise
- 9:13 - Recovering and Machine Use
- 20:51 - Increasing Your Healthspan
- 27:44 - Long-Term Thinking
- 29:48 - Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
8 March 2024, 6:00 am
59 minutes 7 seconds

479 | Are You on Track to FI? | FI Roundtable
In this episode: FI in your 20s, the boring middle, compounding, fat FI, compounding, checkpoints, and building a life.

This week we are joined by Doug and Carl from the Mile High FI podcast to talk about their respective FI journeys and answer a listener question about pursuing FI in your 20s; as well share some tips for enjoying the experience and navigating times in the journey that can feel a bit slow. While figuring out your FI goal requires you to do some work to figure out your FI number, that number and the steps you take to reach that goal are all unique to the individual. That being said, it can be tricky at times to know if you are on the right track when the journey to FI is different for everyone. Remember, although this journey is about reaching financial independence, it’s also about changing and creating the life you want and joining a community that will always inspire you when times feel slow.

Mile High FI:
- Podcast: milehighfi.com
- Newsletter: Join the Mile High FI Club
Timestamps:
- 1:13 - Introduction
- 2:41 - Analyzing Finances In Your 20s
- 9:31 - Compounding Power
- 13:25 - The Boring Middle
- 21:01 - FI Role Models
- 26:41 - Building A Life On The Journey
- 35:01 - Fat FI
- 45:37 - Saving Versus Life Enhancement
- 54:21 - FI Checkpoints
- 57:52 - Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
4 March 2024, 6:00 am
52 minutes 44 seconds

478 | 2024 Investing Update | Brian Feroldi
In this episode: buy and hold, macroeconomics, interest rates, bond investing, when to sell, mindset, and thinking differently.

This week we are joined once again by friend of the show Brian Feroldi to discuss the stock market and investing as we head into 2024. As most of you know by now, keeping your head down and staying the course is a pretty typical investing strategy in the FI community, but it is important to remember personal finance is personal. Depending on your situation, life may require you to mold that strategy into something else as your mindset and seasons of life change! Make sure your are not only optimizing your financial situation, but also your life in the process!

Brian Feroldi:
- Website: stockinvesting.school
- Website: longtermmindset.co
- Twitter: @BrianFeroldi
- LinkedIn: Brian Feroldi
Timestamps:
- 0:33 - Introduction
- 3:42 - Buy and Hold
- 8:36 - "Macroeconomics"
- 15:17 - The Impact of Interest Rates/ Bond Investing
- 20:36 - High Yield Savings Accounts
- 27:18 - 2024 Investing
- 33:19 - When to Sell
- 38:05 - The Evolution of Your Mindset
- 43:40 - Thinking Differently
- 47:52 - VTSAX
- 51:21 - Conclusion
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
- Top 10 Recommended Travel Rewards Credit Cards
- Empower: Free Dashboard to Track Your Finances
- CIT Bank Platinum Savings Account
- M1 Finance: Commission-Free Investing, 1-click rebalancing
- CashFreely: Maximize Your Cash Back Rewards
- Travel Freely: Track all your rewards cards and points
- Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
- Student Loan Planner: Custom Consult (with $100 Discount)
26 February 2024, 6:00 am
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