Shows
The FI School015 | The Intersection of Willpower and MoneyWhat do you know about willpower? How much of it do you have? Can you get more of it? Do you even need it?
Today, we talk about the role of willpower in our habits, routines, and money. Stay tuned to figure out how to win financially with or without any willpower at all.
References Mentioned:
The Power of Habit by Charles Duhigg2023-01-2747 min
The FI School014 | How to Buy a Used CarEverything you need to consider when buying a used car!Joshua Sheets from Radical Personal Finance lays out 5 steps to buying a used car in his 5-part podcast series. Today, Russell and Jared talk about these 5 steps in depth!Don’t buy a car if you can avoid itDecide what you want and need in a carDecide how much to spendDecide on a new car vs a used carThe single best technique to source a quality used carStay tuned for the BONUS discussion on Electric Cars to find out just how much it co...2023-01-161h 06
The FI School013 | The Power of Simplicity (JL Collins Stock Series V)Part V: Keeping it simpleSimple is good. Simple is easier. Simple is more profitableBest investors are the deadFidelity supposedly did a customer performance review from 2003-2013 and found that those with the best returns were either dead or inactive. (There’s no proof that this review exists, but everyone agrees with it haha)https://www.morningstar.com/articles/964493/from-the-archives-in-praise-of-the-dead-investorsThe decision to swap one equity tends to be damaging even if well informed. Retail investors, as with professional managers, will generally do best if they lie on the couch when the urge strikes, and get up only when it leavesGold goes up...2023-01-0958 min
The FI School013 | JL Collins Stock Series Parts V - IXPart V: Keeping it simpleSimple is good. Simple is easier. Simple is more profitableBest investors are the deadFidelity supposedly did a customer performance review from 2003-2013 and found that those with the best returns were either dead or inactive. (There’s no proof that this review exists, but everyone agrees with it haha)https://www.morningstar.com/articles/964493/from-the-archives-in-praise-of-the-dead-investorsThe decision to swap one equity tends to be damaging even if well informed. Retail investors, as with professional managers, will generally do best if they lie on the couch when the urge strikes, and get up only when it leavesGold goes up...2023-01-0901 min
The FI School012 | Goals for 2023What are our goals for 2023 and how do we plan to get there?Seasonal Goals / 1-3 month goalsRussell’s Goals - Focus on spiritualityEarning the Right to start a new goalGeoff Woods - The One Thing Podcastmi n 35 blow noseSetting a goal, creating a plan, and defining the metric for successTracking the habitPracticing the habitCelebrating the habitWhen you love the journey, the goals will just happen, you hit the milestones as a side effect....2023-01-051h 01
The FI School011 | The One Habit to Rule Them AllNew Year is a time for fresh startsSome people say it’s arbitrary nonsense blah blah blahI like the New Year because it’s a natural refresh momentStart of a new day, a new Monday, the first of the month, beginning of a season, etc. are all good times to try againI like the new year extra because People are more willing to give you support and grace with your new goals at the beginning of the yearSo the question this new year is what do you want to use...2022-12-2859 min
The FI School010 | JL Collins Stock Series Parts 1-4Today's episode covers the first 4 articles of Jim Collins' world-renowned blog series titled "The Stock Series."This series of articles eventually led to Jim writing the most famous book in the Financial Independence space in this century, The Simple Path to Wealth. Jim's "Stock Series" and subsequent book have inspired hundreds of bloggers and podcasters, as well as thousands of individuals and families to simplify their finances and invest in low-cost, broad-based index funds. For the entire series, go to https://jlcollinsnh.com/stock-series/Today...2022-12-2654 min
The FI School009 | Travel Rewards | The Secret Sauce to Credit Cards for Military MembersJust when you thought you knew everything about credit cards and travel rewards...Being in the military completely flips the script for travel rewards and points and miles.You probably joined the military, opened an Amex Platinum or Chase Sapphire Reserve, and maybe a Hilton or Marriott card, all because your friend said you should.But that's just the beginning...If you skip this episode, you're leaving thousands of dollars on the table every year. Tune in...2022-12-191h 19
The FI School008 | The California Effect by Mr Money MustacheRead the full post here: https://www.mrmoneymustache.com/2022/12/10/the-california-effect/Today Jared hosts the show solo, discussing MMM's recent post about the California Effect and how quickly we can adapt to a lifestyle and call it "normal." Our ability to adjust can be positive or negative.Is it "normal" to go out to lunch every day? Is it "normal" to ride your bike to work? Is it "normal" to take out a $70,000 car loan for a new Ford F-250? Is it normal to do house renovations yourself?2022-12-1239 min
The FI School007 | Military Edition | LIVE How to Achieve Financial Independence in the MilitaryToday's episode is a LIVE recording of a personal finance workshop Jared held in his unit in the US Air Force. Stay tuned to learn about money mindset, the Thrift Savings Plan (TSP), and stock market fundamentals.While some of the details in this workshop are only applicable to military members, most of the discussion is widely applicable to everyone. You won't want to miss it!Big Three Takeaways:It is possible for every military member to become a millionaire through the TSP, even if they don't stay in for 20 years...2022-12-081h 21
The FI School006 | Travel Rewards | Part 3 - Chase Ultimate Rewards StrategyLAST CHANCE: The Chase Sapphire Reserve card currently has the HIGHEST sign up bonus it has had since 2016, and it ends on Wednesday, Nov 30th! The offer is normally only 50,000 Chase Ultimate Rewards points, but if you sign up by Wednesday, you'll get a whopping 80,000 points once you hit the minimum spend. Send an email to thefischool.podcast@gmail.com for our referral link if you want to support the show! Just sign up for the card by Wednesday and you'll be eligible for the sign up bonus.The Chase Sapphire Reserve is a MUST...2022-11-281h 02
The FI School005 | Travel Rewards | Part 2 - Chase Ultimate RewardsToday we explore the world of Chase credit cards! Who are their partners and what can we do with our Chase Ultimate Rewards points?Chase Offers 38 total credit cards Personal cards + Business cards There are business versions of most personal cards Travel Cards Airline Cards Southwest Rapid RewardsPlus / 75k / $69 feePremier / 75k / 6,000 annual pt / $99 feePriority / 75k / $75 annual credit + 7,500 pt / $149 feePremier Business / 60k / $99 feePerformance Business / 80k / $199 fee UnitedGateway / 30k / no annual feeExplorer / 60k / $95Quest / 80k / $125 annual credit + flight credits / $250 feeClub Infinite / 100k / club...2022-11-2152 min
The FI School004 | Travel Rewards | Part 1 - Should I get into Travel Hacking?Points, Miles, Cash Back--What are they and how do they work?Find out on today's episode!Credit Cards can be an awesome strategy (and a really fun hobby for some people) to both lower your cost of living and increase your quality of life without paying the sticker price.You can earn thousands of dollars of free travel if you're intentional about your spending and have a strategy. BUT: You don't get to play the game unless you play by the rules.2022-11-1445 min
The FI School003 | Habits, Pest Control, and DatingWhat do Habits, Pest Control, and Dating have in common?Stay tuned and find out!Today, Jared and Russell talk about how confidence, rejection, and incremental improvements have had an outsized impact in summer sales and even their dating lives!2022-11-071h 03
The FI School002 | FI or FIRE?Where does retirement come from?People have only started retiring in the last 100 yearsMost people in history worked until they died or until they were taken care of by their children.When welfare systems like Social Security we’re put into place, age 65 was arbitrarily put in place as the end of a working life.Today, the Standard Path we’ve been sold is to work from 18-65 and then you can enjoy the rest of your life What if there was another way?What if you could retire earlier?What would you...2022-10-3147 min
The FI School000 | Money StoriesWhere do your beliefs around money come from? School, your parents, tv?In today's episode, Russell and Jared talk about their own money stories. Tune in for the lessons learned fromLearning how to have a successful lemonade standSelling choir tickets in a white tie tuxedoSaving money for the future as a kidand more!To discover your own money stories, ask yourself these questions:Did my parents ever talk about money? What did they say about money?Was I in any groups or clubs that made me sell things for fundraisers?Did I...2022-10-2649 min
The FI School001 | The Power of LearningBest Introduction to FI Book:-The Simple Path to Wealth by JL CollinsBest Introduction to FI Podcast:-ChooseFI. Best Real Estate Podcast:-BiggerPockets. Best DIY Entrepreneurship Podcast:-The Rebel Entrepreneur. Podcasts in my daily/weekly rotation:-Afford Anything (General FI and Real Estate podcast)-All the Hacks (Travel hacks and life hacks)-Radical Personal Finance (Former financial planner that takes a slightly contrarian view towards FI which is really helpful to keep you from blindly drinking...2022-10-1053 min