Shows
ChooseFIStimulus Package Breakdown: The Cares ActSean Mulaney weighs in on the 2020 Stimulus Package via voicemail, and gives some pro tips for your filing process. Jonathan and Brad share some of their insight on the Cares Act as well.
https://www.choosefi.com/start2020-04-0232 min
ChooseFIIs The FIRE Movement Over?Jonathan and Brad Discuss the implications of the pandemic on the Financial Independence Movement. Jonathan and MK discuss Skill Stacking & Brad shares what his idea of the perfect education would look like2020-04-0130 min
ChooseFIImportant Tax UpdateContinuing the daily episode series, Jonathan and Brad talk about some tax info from Sean Mulaney.
https://www.choosefi.com/start2020-03-2518 min
ChooseFI169 | A Purple Life | Early Retiree Case StudyThe anonymous blogger behind, A Purple Life, joins Brad and Jonathan to share her journey to financial independence. With the helpfulness of anonymity, she shares exact numbers including her income, salary negotiations, expenses, and more. For more information, visit the show notes at https://ChooseFI.com/169 2020-03-0249 min
ChooseFI168 | Make TimeJohn Zeratsky, author of Make Time, joins Brad and Jonathan to share actionable tips to build a framework that cuts through your perpetual state of busyness. For more information, visit the show notes at https://ChooseFI.com/1682020-02-241h 16
ChooseFI163R | Roth IRA Conversion Ladder Case StudyAn updated case study of the Roth IRA conversion ladder and a challenge for the community are some of the topics that Brad and Jonathan tackle today. For more information, visit the show notes at https://www.choosefi.com/163R2020-01-2454 min
ChooseFI162R | There's Water In The CupHalf full? Half Empty? Ehh... There's some water in the cup. Medical bills are never fun, but at least you met your deductible... at the very end of the year. Brad and Jonathan discuss building credit from ground zero, and reflecting a bit on Gretchin Rubin's "The 4 tendencies". In addition, we share a segment with Larry Hagner from the Dad Edge Alliance discussing the importance of financial intimacy. This is your Friday Roundup! For more information, visit the show notes at https://choosefi.com/162R2020-01-171h 18
ChooseFI161R | ReigniteWelcome to the first Roundup of 2020! Brad and Jonathan share exciting announcements like: • Launch of Everyday Courage by Jillian Johnsrud • FI101 and the ChooseFI International Foundation • Updates To The Tax Code For more information, visit the show notes at https://choosefi.com/161R2020-01-101h 08
ChooseFI157R | The Compound Interest Of Self ImprovementAfter learning more about habits with James Clear this week, Brad and Jonathan discuss the compounding interest of self improvement and turning intention into action. What’s covered in today’s show: • Building Habits • Identity Statements • Find Your Tribe …and more. For more information, visit the show notes at https://choosefi.com/157R2019-12-1344 min
ChooseFI156R | Coming Back From A Gap YearA gap year might seem unthinkable for some but Noah and Becky share exactly how they navigated their gap year. Plus, Brad and Jonathan discuss emergency funds and your risk tolerance. For more information, visit the show notes at https://www.choosefi.com/156R2019-12-0659 min
ChooseFI154R | InceptionTim and Amy from Go With Less join Brad and Jonathan to discuss their unique travel strategy. Plus, tips on how to design your dream life. Some of the topics in today’s show: House Sitting With Tim And Amy Build Your Dream Life FI 101 and more For more information, visit the show notes at https://www.choosefi.com/154r2019-11-2257 min
ChooseFI153R | Navigating Health InsuranceOn today’s Friday Roundup, Jonathan's shares his experience with health coverage after his wife welcomed a new baby into their family. We also discuss Healthshare plans and Healthcare After FI. For more information, visit the show notes at https://choosefi.com/153R 2019-11-1553 min
ChooseFI151R | Fit Waist Fat WalletUsing David Hauser’s framework from last week of decision making through split testing, Brad and Jonathan look at their sleep, fitness, and diet. For more information, visit the show notes at https://choosefi.com/151R 2019-11-0156 min
ChooseFI151 | Unstoppable | Creating A Framework For Decision Making With David HauserAs a successful start-up founder, David Hauser felt mercilessly driven to create success through extreme measures. Today, he opens up to Brad and Jonathan about his drive to succeed and how he has applied an experimentation framework to his health and wellness. For more information, visit the show notes at https://choosefi.com/1512019-10-2859 min
ChooseFI149R | Whole Life InsuranceHow to break Old Navy and cockamamie life insurance schemes are just two of the topics Brad and Jonathan cover in today's episode. For more information, visit the show notes at https://ChooseFI.com/149r2019-10-1855 min
ChooseFI149 | On Trajectory With Tyson KoskaTyson Koska shares his On Trajectory tool and what led him to his own path of Financial Independence. Brad and Jonathan discuss how Tyson got started with FI and how On Trajectory tools cover net worth tracking and digital options. For more information, visit the show notes at https://choosefi.com/1492019-10-1445 min
ChooseFI144R | Guard Rails and Dumpster FiresA recap from Jonathan and Brad's visit to FinCon, FI Military, YNAB, and "what if my finances are like a dumpster fire?". For more information, visit the show notes at https://ChooseFI.com/144r2019-09-1354 min
ChooseFI142R | Envelope OverwhelmHow to simplify personal finance and discussing Paula Pant’s take on real estate from Monday’s show. Personal Finances Made Simple Jonathan’s Budget Evolution How ChooseFI Makes Money For more information, visit the show notes at https://www.choosefi.com/142r2019-08-3059 min
ChooseFI141R | Translating FI for the UKDavid Sawyer comes back on to discuss the UK path to FI, and Jonathan makes a big personal announcement. For more information, visit the show notes at https://ChooseFI.com/141r2019-08-231h 06
ChooseFI139R | Time is on Your SideLast week, Jonathan ended up at the DMV on a Friday afternoon with a crazy wait time. What should have been a quick trip turned into an ordeal worth avoiding. Today Jonathan and Brad discuss: How to Reclaim Your Time Side Hustling through the Secondary Market and how Sunny funded a Roth IRA for his child For more information, visit the show notes at https://ChooseFI.com/139R2019-08-0956 min
ChooseFI138R | My Daughter's MindsetBrad and Jonathan talk about Brad’s daughter's mindset, plus a review of Monday's episode with Anthony. For more information, visit the show notes at https://choosefi.com/138R2019-08-0244 min
ChooseFI137R | An Evening of Financial IndependenceBrad and Jonathan discuss the Richmond Screening Of Playing With FIRE, FI 101, and how to be a storyteller. For more information, visit the show notes at https://ChooseFI.com/137R2019-07-2653 min
ChooseFI136R | Silver Spoon or SkillsJonathan and Brad discuss a case study on funding a child's Roth IRA and listen to feedback from the community. For more information, visit the show notes at https://choosefi.com/136R2019-07-1948 min
ChooseFI134R | Quit Like a Millionaire | Kristy Shen and Bryce LeungKristy Shen and Bryce Leung talk about their new book, Quit Like a Millionaire. Plus, Brad and Jonathan give updates on solar panels and YNAB. For more information, visit the show notes at https://choosefi.com/134r2019-07-051h 04
ChooseFI131R | Building a Brick in Your WallA recap of our conversation with Mr. Money Mustache and Mr. 1500. Plus, Jonathan and Brad answer listener questions about compounding and drawdowns during retirement. For more information, visit the show notes at https://ChooseFI.com/131R 2019-06-1454 min
ChooseFI130R | Simplifying The Ultimate Buy And Hold Strategy With M1 FinanceBrad and Jonathan just returned from the world premiere of Playing with FIRE in San Diego. They discuss future showings (visit choosefi.com/tugg) and then get into the ultimate buy and hold portfolio strategy. For the entire show notes, go to https://choosefi.com/130R 2019-06-0747 min
ChooseFI127 | Scott Scherr | Health OptimizationBrad and Jonathan discuss health optimization strategies with Dr. Scott Sherr. This episode is packed full of useful information, however, do not make life altering medical decisions based on this show alone. Although we are talking to a real doctor, do not take this as medical advice. Consult with your own physician before making any major medical decisions. For more information, visit the show notes at https://ChooseFI.com/127 2019-05-131h 17
ChooseFI126R | What is an AnnuityBrad and Jonathan tackle a listener question about annuities and discuss some updates to the travel rewards landscape. For more information, visit the show notes at https://ChooseFI.com/126R 2019-05-101h 02
ChooseFI126 | Estate Planning Wills vs Trusts | Mark MossLast week, Brad and Jonathan talked to Chelsea Brennan about her Family Emergency Binder. In the same theme of planning for your family's future, today we talked to Mark Moss about estate planning. For more information, visit the show notes at https://choosefi.com/126 2019-05-0657 min
ChooseFI124R | Choose FI Your Blueprint to Financial IndependenceBrad and Jonathan discuss the release date of a ChooseFI book, finding the best auto insurance rates, and Lynn Frair's path to FI. The book, "ChooseFI: Your Blueprint to Financial Independence" will be released on October 1, 2019. The goal of the book is to outline options for your path FI. Everyone's journey will be different because the concept of FI is really based on choosing your own adventure. However, there are common threads between all of the success stories. We pull that together so that you can make your own journey a successful one. To pre-order...2019-04-2658 min
ChooseFI123R | Hail Mary FIBrad and Jonathan give us an update about the "Playing with FIRE" documentary, hail mary FI and how to build an escape route from the corporate hierarchy that doesn't make room for you. For more information, visit the show notes at https://choosefi.com/123R 2019-04-1949 min
ChooseFI122R | Dividend Deep DiveBrad and Jonathan are joined by Brian Feroldi and Karsten from Early Retirement Now. With the goal of gaining a deeper understanding of dividend investing, Brad and Jonathan ask the hard questions. As the devil's advocate, they uncover more information about dividend stocks from passionate investors. If you are ready to learn more about dividend investing, then let's dive in. For more information, visit the show notes at https://ChooseFI.com/122R 2019-04-121h 04
ChooseFI122 | Intro To Dividend InvestingDividend investing has been a hotly debated topic in the FI community. Brad and Jonathan dive into the details of dividend investing with Craig from Retire Before Dad. For more information, visit the show notes at https://choosefi.com/122 2019-04-081h 05
ChooseFI121R | How to Get Any JobBrad and Jonathan sleep habits, energy efficiency, and the best ways to land a job with Chris Hutchins from Grove. For details, visit the show notes at https://ChooseFI.com/121R 2019-04-0554 min
ChooseFI121 | Tread Lightly on the Path to FIAngela from Tread Lightly Retire Early has been an active member of the ChooseFI community for around two years. She has built a life that combines FIRE with sustainability. Additionally, she is a leader that recognizes the women in the FIRE movement. Brad and Jonathan learn about Angela's journey and practical sustainability advice that could help the FI community. For more information, visit the show notes at https://ChooseFI.com/121 2019-04-011h 08
ChooseFI120R | Find the RangeJonathan and Brad discuss wielding the flexibility of money, how to move to the upper end of your salary range, and hunting with eagles in Mongolia. For more information, visit the show notes at https://ChooseFI.com/120R 2019-03-2954 min
ChooseFI119R | Position of StrengthJonathan and Brad discuss their favorite books from 2018, negotiating from a position of power, career hacking, and what they would do differently if they were recording episode 1 today. For more information, visit the show notes at https://ChooseFI.com/119R 2019-03-2254 min
ChooseFI117R | Build a PortfolioBrad and Jonathan discuss "the Kleenex" of low-cost mutual funds, Bradley Rice's story about choosing to move towards part-time work, and make an announcement about a new voice on the podcast. For more information, visit the show notes at https://choosefi.com/117R 2019-03-0855 min
ChooseFI116R | Escape116R | Karen Hoxmeier joins the show to share how and why she built a coupon-sharing website, Brad and Jonathan talk about optimizing food, taxes and home insurance, and a review of Monday’s episode with Wendy Mays.
For more information, visit the show notes at https://ChooseFI.com/116R2019-03-0159 min
ChooseFI114R | Fine Tuning the College EquationBrian Eufinger returns to fill the gaps and address questions from the community about PSATs and National Merit Scholars, Brad and Jonathan discuss the benefits of creating a college-hacking strategy early, and the ChooseFI community responds to Monday’s episode.
For more information, visit the show notes at https://ChooseFI.com/114R2019-02-151h 05
ChooseFI111R | Make the Impossible Possible111R | Jillian from Montana Money Adventures gives advice for laying out roadmap in your life, right after and Brad and Jonathan review Monday’s episode and highlight activities from several local groups around the globe. Brad and Jonathan reflect on last week’s episode with Billy Banholzer. A video inspires Brad to learn swimming from his daughter. Your current behavior or mistake doesn’t have to define you for the rest of your life. One of the first steps to Billy’s success was setting goals. What are Brad’s suggestions for developing into a better writer? Bil...2019-01-2558 min
ChooseFI110R | Change the Input110R | Voicemails from the ChooseFI community about saving on grocery bills, making life changes to optimize your circumstances, and a travel suggestion, as well as a review of Monday’s episode and updates from Brad and Jonathan about bills, travel, solar panels and more. For more information, visit the show notes at https://ChooseFI.com/110R 2019-01-1858 min
ChooseFI108R | How to Calculate Your Savings RateBrad and Jonathan talk through the various methods of calculating a yearly savings rate and the numbers necessary to do so, and review Monday’s episode about setting up special needs accounts.
For more information, visit the show notes at https://ChooseFI.com/108R2019-01-041h 00
ChooseFI105R | Solar Panel Cost Analysis105R | Brian Feroldi joins the show to talk about the costs and benefits of installing solar panels and answers questions about his investment strategies, and Brad and Jonathan recap Monday’s episode with Paula Pant before announcing a new ChooseFI project on the horizon. For more information, visit the show notes at http://ChooseFI.com/105R 2018-12-1459 min
ChooseFI103R | The ApprenticeCaptain DIY returns to recommend some accessible projects for the beginning DIYer, Jonathan highlights two recipe and meal organization apps, and several messages from the ChooseFI community.
For more details, visit the extensive list at https://ChooseFI.com/103R2018-11-3051 min
ChooseFI102R | The Triple Tax Savings of Health Savings Account102R | Brad and Jonathan explain the long-term tax benefits of using a Health Savings Account to pay for medical expenses, discuss the benefits of new index fund investing options, review Monday’s episode with Timika Downes. Brad and Jonathan are getting back to traditional health insurance, and excited about the Health Savings Account (HSA). Most companies offer health insurance options, typically including: Low monthly premium + high deductible High(er) monthly premium + low(er) deductible. The IRS defines a high deductible plan as anything higher than $1,350 for an individual, or $2,700 for a family. Employees with high deductible pla...2018-11-2350 min
ChooseFI101R | Side Hustle Coaching Series Part 4101R | Brad and Jonathan talk about their experiences with W2 jobs and building side hustles, Jose shares his own side hustle tip, and Alan and Tallis wrap up the 4-part Side Hustle Coaching Series. Brad and Jonathan are jumping into planned spontaneity. Do your actions align with your values? Brad recounts how the accounting firm he worked for right after college, one of the biggest in the U.S. at the time, folded and within 9 months no longer existed. W2 jobs aren’t all that risk-free after all. Having a side hustle is about diversification. Jonathan tal...2018-11-1651 min
ChooseFI100R | Know the Rules100R | Brad and Jonathan explain how simply knowing the rules can save you thousands on taxes and college financing, Brad talks through the IRA Conversion Ladder and Capital Gains Harvesting, and a few updates from the community. The financial independence movement is growing, and seeing a lot more press coverage. Messaging matters: The Wall Street Journal published one article with two different headlines. Pursuing financial independence isn’t about buying brown bananas, despite what some media would suggest. Brad reached financial independence with intentionality about his priorities in his life. Brad and Jonathan don’t aim to tell peop...2018-11-0943 min
ChooseFI100 | Welcome to the FI community100 | Brad and Jonathan look back at the ChooseFI’s growth during the past 100 episodes and hit the highlights of financial independence for new community members and recap their own financial independence journeys. Jonathan considers himself a reluctant frugalist, but the idea of not having to work won him over. Brad and his wife were natural savers, but chose to move from Long Island, NY, so that they could save more and work toward financial independence. If you want to take back your years and have the option to stop working before your 60s, you’re going to ha...2018-11-0549 min
ChooseFI099R | Market Fluctuations | Stick to Your Plan099R | Brad and Jonathan review Monday’s episode about generous giving and resource stewardship, then catch up on voicemails and updates from the community about dental school, fall activity ideas, and the recent dip in the stock market. Jonathan recaps his recent family vacation and travel to FI Chautauqua Greece. Chautauqua was most importantly about community. Jonathan saved nearly $1,200 on a bill for his son’s broken leg just by asking for an adjusted cash-pay price. The Playing with FIRE Kickstarter event far surpassed expectations. More than 1,000 supports More than $100k Review from Monday’s episode with Mic...2018-11-021h 05
ChooseFI099 | Generous Giving on the Path to FI | Michael Peterson099 | Michael Peterson, owner of a bacon-themed concession stand in California, talks about downsizing his family expenses, spending 8 months of the year managing a non-profit in El Salvador, and why generous giving is important to him. For more information, visit the show notes at https://ChooseFI.com/099 ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel cr...2018-10-2957 min
ChooseFI096 | Drift | Dominick Quartuccio096 | Dominick Quartuccio defines life ‘drift’, advises Brad & Jonathan on how to take inventory of their habits, and evaluates the role technology plays in helping or hindering progress toward our goals. For more information, visit the show notes at https://choosefi.com/0962018-10-081h 16
ChooseFI095R | Call to ActionBrad and Jonathan get an update about the “Playing with FIRE” documentary, they recap FinCon 2018, and review feedback from the community about Monday’s episode with the Military Dollar.
For more information, visit the show notes at https://choosefil.com/095R2018-10-0546 min
ChooseFI095 | A Military Path to FI | Military Dollar095 | The author of the Military Dollar joins Brad and Jonathan to discuss the various ways that service members can optimize their finances and choose financial independence, including retirement plans, financial planning, health care benefits and the GI Bill. Working in the military can set someone up to retire after 20 years with a pension and the ability to pursue whatever interests them. Why do many young members of the military actually have financial problems? Has Military Dollar ever seen any specific education for new servicemen? How could a young person change his/her mindset to make more f...2018-10-011h 01
ChooseFI094R | Transitioning to Entrepreneurship | A Case Study in Estimated Taxes094R | The logistics of estimating and paying taxes as an entrepreneur, Brad’s frugal win of the week, and emails from the ChooseFI community. Brad and Jonathan are at FinCon in Orlando, Fl. Brad describes his family’s frugal win of the week at Old Navy. Review of the tax implications of winning a non-cash prize. How do some entrepreneurs put themselves in a position to fail because of taxes? Case study: how to make estimated tax payments as a new entrepreneur. Brad wants to pay the least amount of money in taxes, but ensure that he definitely pays...2018-09-2853 min
ChooseFI094 | Solo 401K vs SEP with Waffles on Wednesday094 | Mr. and Mrs. Waffles on Wednesday (WoW) talk about winning on a TV game show, starting their own business, learning the tax code to maximize 401K contributions, and volunteering internationally. How did Ray win on the Price is Right, and what did he win? What were the tax implications of his winning? How was Ray’s experience at the IRS building in Los Angeles? Why did Jonathan receive a tax penalty last year, and how did he respond? How did Mr. and Mrs. Waffles on Wednesday decide to start a blog, and how did they decide on a na...2018-09-241h 14
ChooseFI093R | Other Mountains to Climb | With Joe Saul-Sehy from Stacking Benjamins093R | Brad, Jonathan and Joe Saul-Sehy, from Stacking Benjamins, talk about what is rewarding to your soul, give feedback to a ChooseFI community member who’s considering selling his business, and recap Harry, the Ride Share Guy’s strategies for become the center of a niche. Hurricane Florence’s path didn’t go near Brad and Jonathan, but there were tornadoes. FU money is better than FI money. Meet up in Florida during the week of FinCon 2018. How did Harry (from Monday’s episode) become the go-to guy for ride-share drivers? What strategies would help someone become the...2018-09-211h 09
ChooseFI093 | Look at the Problem Differently | The RideShare Guy093 | Harry Campbell, The Rideshare Guy, talks about what it takes to be a successful Lyft and Uber driver, the strategies he used to start his blog, and how he transitioned from aerospace engineering to full-time blogging. For more information, visit the show notes at https://ChooseFI.com/093 ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel...2018-09-171h 11
ChooseFI091R | Real Estate Inside an IRA091R | An overview of how to own a house with an IRA, Jonathan attempts to optimize his recipes and shopping list, a list of the top 5 ChooseFI episodes and a travel rewards win. ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are approved for c...2018-09-0759 min
ChooseFI091 | Rich Carey Real Estate | Building a Rental Real Estate Snowball Machine without Debt091 | Rich Carey, officer in the U.S. Air Force, talks about learning to live frugally, buying his first townhouse, and building his real estate empire from one to 20 houses in Montgomery, AL. ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are approved for cards...2018-09-031h 18
ChooseFI090R | Longest Vacation Ever090R | Brad gets back from vacation, Jonathan talks about bringing vegetarianism into his diet, and voicemails from the community highlighting CLEP tests and a 401k win. Brad is back from a month-long vacation in the U.K. Is this Brad’s first experience with “slow travel”? Where will Brad’s family go next? If you can optimize small things, they add up. Brad joined a ChooseFI meet up in London, with Barney from The Escape Artist and Ken from The Humble Penny. Is there a more efficient way to be active than slaving away on the treadmill? Are your hea...2018-08-3151 min
ChooseFI090 | Vegan Path to FIJames and Steven pull back the curtain on veganism, talking about the health, lifestyle and financial benefits of veganism, alongside the practical details of how to actually make it work.
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For more information, visit the show notes at
As Jonathan would say, "The FIRE is spreading my friends!"2018-08-271h 12
ChooseFI089R | Let Me Check With My Accountant089R | An introduction to the Family Bank and what ChooseFI’s accountant-on-call thinks about it, as well as how to navigate rental car insurance, and what soft skills are crucial to a career in retail? ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2) Use our page to sign up for travel credit cards Note: We may receive a commission if you are ap...2018-08-241h 03
ChooseFI086R | Pretirement | Roger Whitney086R | A live-recorded conversation with Roger Whitney, the Retirement Answer Man, from Podcast Movement, questions for a potential accountant, and takeaways from Monday’s live case study with Allison Goddard. Brad is departing for a month-long family vacation to the U.K. What is “global entry” and how/why did Brad get it before his trip? Jonathan had a chance to meet up with Allison., from Episode 86. If money was no longer an option, what would change for Brad and Jonathan? Brad and Jonathan are super impressed with Allison’s grit and tenacity, to change the trajector...2018-08-031h 05
ChooseFI082 | A Wife's Perspective | Laura Barrett and Dani MendonsaBrad and Jonathan’s wives, Laura and Dani (respectively), talk about their introduction to FI, combining finances, budgeting with children, and maintaining balance.
For more information visit https://ChooseFI.com/0822018-07-021h 11
ChooseFI080R | A Case for Survivor Compost and 2nd Generation FI.output080R | Conversation about teaching your children to save and invest, healthcare options, and an argument in favor of home gardening and composting. Brad contemplates applying for “Survivor”. Review of Monday’s episode with Khai from AlabaMalaysia. How does Jonathan use the idea of “anchoring” in his own life: setting big goals so that even if he misses, good things still happen? Brad and Jonathan talk about how they would set little, achievable goals, to reach a larger, long-term goal. Jonathan talks about answering the question “What do you do?”, with comments from the Facebook group. How does Brad have bank acco...2018-06-221h 06
ChooseFI075R | Mainstream Adoption075R | “Personal finance is becoming financial independence.” Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit. This is just a taste of what we discuss in this recap from Monday's interview with Brian Feroldi from The Motley Fool. Jonathan talks about blowing his budget on breakfast at the cold bar in Wegman’s, while Brad thinks that grocery shopping at Wegman’s is the same cost as Walmart. Brad talks about meeting strangers who also in the FI community. Brad and Jonathan wonder if financial independence is on the...2018-05-1850 min
ChooseFI071R | The Real Value of Soft SkillsBrad and Jonathan compare their college experiences to Chris Hutchins’ from the Monday episode, they discuss the importance of owning your own FI decisions, and we get updates from several members of the ChooseFI community.
Brad considers starting a blog for his daughter as second-generation FI.
What would Jonathan do differently if he was going to redo college?
...and more at https://choosefi.com/071R2018-04-201h 03
ChooseFI070R | Left BehindUpdates from Brad and Jonathan, review of Vickie Robin’s episode, discussion of how ChooseFI aims to handle politics, and more updates from the ChooseFI community.
Highlights:
Brad is moving houses, making good community a priority in his family’s life
CampFi MidAtlantic is this weekend. Find more upcoming events at https://choosefi.com/CampFi
Jonathan started Skinny Waste, Fat Wallet. First episode is up on YouTube at https://choosefi.tv
...and more can be found at http://ChooseFI.com/072018-04-1357 min
ChooseFI060R | HealthCare Vs Health Insurance060R | We roundup Monday’s episode about medical tourism with a discussion on more hacks, having more power over your job and the importance of the talent stack. This episode covers: Jonathan’s new morning routine The impact of medical tourism and how we can use it The talent stack Voicemails on life hacks and the power of the FI community ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com...2018-02-0255 min
ChooseFI054R | And the Guest Host is...A discussion on Jonathan quitting his job and living ChooseFI, some questions about college hacking and the changeover of Rockstar Finance.
This episode covers:
Jonathan talking about his future with ChooseFI
Risk tolerances and risk capacities
Why Fritz loves living in a cabin
College and career hacking
J Money handing Rockstar Finance over to ESI Money
Why to not buy and hold company stock
Full show notes can be found at http://choosefi.com/054R2017-12-2250 min
ChooseFI054 | Fully Funded Lifestyle Change054 | Jonathan has a BIG announcement. We also discuss the power dynamics behind FI and the financial transition of quitting a job. This episode covers: Jonathan announces quitting his job Why Jonathan is in a good situation to make this decision The position of power in being FI The financial steps of transitioning out of a job Why you should deal with FU money responsibly ——————- Thank you for being a part of the ChooseFI community! 🙂 If you want to support us, here are some easy ways: 1) Leave an iTunes review: http://www.choosefi.com/itunes 2...2017-12-1844 min
ChooseFI049R | FI Festival049R | In the Friday Roundup we discuss our big takeaway from Episode 49: The Aggregation of Marginal Gains. Plus, upcoming plans for the ChooseFI website, a FI Festival and local meetups. In Today’s Podcast we cover: A review of Episode 49 with Alan Donegan and Barney from The Escape Artist The growth of the FI community throughout the US and now the world Jonathan just returned from his 2 week trip to South Africa with his family How did Jonathan fare with his use of electronics on his trip? Jonathan used travel rewards points to book his flights for free and he...2017-11-1750 min
ChooseFI048R | The Roadmap to FI048R | In this podcast we recap Episode 48 with Jeff from The Happy Philosopher plus a life hack update from Brad and a question on how to present the FI concept to others. In Today’s Podcast we cover: Recap of Episode 48 with Jeff from The Happy Philosopher Jonathan and Brad’s recap of the Fincon conference How Brad and Jonathan brainstormed the future of ChooseFI at Fincon How the FI community is growing significantly at Fincon and how people were coming up to us saying they were listening How much value we can get from FI-centric events going forward, such...2017-11-1048 min
ChooseFI046R | Selectively Hardcore046R | In today's podcast we discuss our takeaways from Episode 46 with Ms. ONL from Our Next Life plus community feedback and voicemails and a discussion of travel rewards. In Today’s Podcast we cover: A recap of Episode 46 with Tanja from Our Next Life Brad and Jonathan are on their way to Fincon – the annual financial bloggers conference Jonathan’s upcoming trip to South Africa with his family using travel rewards points Tanja’s reveal of her identity after being anonymous for the entirety of the blog’s life What do you want out of life and how are you going...2017-10-2749 min
ChooseFI045R | The Journal045R | In this podcast we discuss our takeaways from Episode 45 with JD Roth of Get Rich Slowly, including the big news that he just purchased GRS back, as well as our frugal wins of the week and the elegance of simplicity. In Today’s Podcast we cover: A review of Episode 45 with JD Roth from Get Rich Slowly and Money Boss Jonathan’s frugal win of the week on purchasing a new stove/oven What is the utility of Jonathan’s new oven over a standard oven? Jonathan’s insourcing to install the oven himself Brad’s frugal win of the wee...2017-10-2051 min
ChooseFI044R | The One Way Ticket044R | Today we discuss our takeaways from Episode 44 with Brandon Pearce from Pearce on Earth plus feedback from the community and our thoughts on international travel with our families. In Today’s Podcast we cover: A discussion of Episode 44 with Brandon Pearce from Pearce on Earth Jonathan’s frugal win of the week by having a potluck dinner and a movie in the backyard for his friends and neighbors Jonathan is on a 3-day fast and his explanation The importance of mentally anchoring when undertaking something difficult Jonathan wanted to prove to himself that he could do it and to h...2017-10-131h 06
ChooseFI043R | Mega Backdoor Roth | Should I Ever Consider Using the Roth?043R | In this podcast we discuss our takeaways from Episode 43 with Fritz from the Retirement Manifesto plus an in-depth discussion of the Roth IRA conversion and Mega Backdoor Roth, and taxable income scenarios for retirement contributions. In Today’s Podcast we cover: Our big takeaways from Episode 43 with Fritz from Retirement Manifesto Brad as a ‘Mystery Reader’ for his daughter’s class plus their trip to Natural Bridge State Park and a FI lesson for his daughters How to tackle drawdown strategies and how that opened our eyes The concept of balance that Fritz brought up in Episode 43 How we each h...2017-10-061h 08
ChooseFI042R | Perfect Utilization042R | In today's Friday Roundup we discuss Episode 42 with JW from The Green Swan, plus various discussions about community and feedback from the audience. In Today’s Podcast we cover: A discussion of Episode 42 with JW from The Green Swan Scott Rieckens and his crew from the documentary Playing With FIRE were in Richmond this week filming our podcast, lives and a Richmond FI get together The importance of community in the Financial Independence world and the volunteers we’ve received to be ‘community leaders’ for Choose FI meetups How we’re going to setup Slack for the Choose FI communi...2017-09-2952 min
ChooseFI041R | Extreme OwnershipIn this Friday Roundup we discuss Episode 41 with Paige and Sam on extreme frugality, radical insourcing and the high cost of living path to FI plus a voicemail from Big Ern and members of our community. In Today’s Podcast we cover: The discussion of Episode 41 with Paige and Sam about reaching early retirement through extreme frugality and radical insourcing in a high cost of living city like Los Angeles Jonathan’s story about visiting his childhood library and trying to find old computer games Book recommendations from the ChooseFI Facebook group The list of obstacles that could have stop...2017-09-221h 02
ChooseFI040R | The Power of the Reset Button040R | In today's Friday Roundup we discuss our takeaways from Episode 40 with Noah and Becky from Money Metagame, plus voicemails from the ChooseFI community and our in-house expert Keith from the Wealthy Accountant. In Today’s Podcast we cover: Discussion of Episode 40 with Noah and Becky from Money Metagame about the Gap Year Jonathan took action and followed Geoff’s advice to start culling his closet and decluttering his life Jonathan is struggling with how to categorize and track his donations For tax purposes you definitely do want to track your noncash donations It’s always easier to track things...2017-09-151h 03
ChooseFI039R | Cruise Control039R | In today's podcast we discuss Episode 39 with Gwen from Fiery Millennials, plus a 'Cruise Control Path to FI' case study example and voicemails from our community members. In Today’s Podcast we cover: The Friday Roundup after Episode 39 with Gwen from Fiery Millennials A whole new FI world for Brad and Laura after their youngest daughter went to kindergarten They have the opportunity to live more of a FI lifestyle and have to now figure out what that looks like Second Generation FI and examples of Brad’s kids exhibiting their behaviors ChooseFI is an opportunity for Brad and...2017-09-0855 min
ChooseFI038R | Firewalker038R | In today's podcast we discuss Episode 38 The Why of FI plus we announce three of the finalists for the business building competition with Alan Donegan of PopUp Business School and a voicemail from community member Geoff. In Today’s Podcast we cover: Discussion of Episode 38 on the Why of FI Jonathan’s Frugal Win of the Week at Costco by saving on protein bars Jonathan’s nutrition goals and the underlying concepts of simplicity and removing decision fatigue How unusual it is that the FI community is outside the mainstream by saving money whereas the norm is spending every...2017-09-0159 min
ChooseFI038 | The Why of FI038 | In today's podcast we discuss one of our most important topics: The Why of FI. Why we pursue this path, why we think it's a life 'superpower' and how it can help you escape the hamster wheel of life decades earlier than most people could ever dream. In Today’s Podcast we cover: Discussion of the Why of FI as an introduction to the concept of Financial Independence and why we’ve chosen this path and this community Jonathan’s explanation of the “hamster wheel” and what the normal ‘American dream’ looks like and why this will keep you chain...2017-08-2835 min
ChooseFI036R | The Country Club of FI036R | In Today’s Podcast we cover: Discussion of the community aspect of Episode 36 with JL Collins There is a yearning and desire for community meetups with other members of the Financial Independence community The spread of these community meetups and longer Chautauqua and Camp events throughout the world The ever growing FI community in the Richmond, VA area where Jonathan and Brad live How much money could we all save if we had like-minded people in our communities? Discussion of Millennial Revolution’s article The Five Types of People You’ll Meet on Your Way to...2017-08-1856 min
ChooseFI034R | What’s Your Risk Tolerance?034R | In today's podcast we discuss our thoughts on Part 2 of the Stock Series conversation with JL Collins, risk tolerance, doomsday scenarios and rebalancing. In Today’s Podcast we cover: The Friday Roundup and the episode Part 2 of our discussion with JL Collins from The Simple Path to Wealth and JLCollinsNH What do you do when there’s a large crash in the stock market? Big takeaway from Jim’s episode You can’t sell at the bottom, so you need to steel yourself mentally beforehand If you’re starting investing, one of the best t...2017-08-041h 11
ChooseFI033R |Highlighting the Hamster Wheel033R | In Today’s Podcast we cover: Unpacking Episode 33 with Dominick Quartuccio and our takeaways from the episode Intentionality allows you to purchase your freedom, and we want to expand that intentionality beyond just personal finance Our focus on living a happier, more content and optimized life The ultimate luxury is the ‘perpetual money making machine’ to provide time and focus on what matters in life How Dominick spent $28,000 this year on personal development. Have you spent any time or money on your own personal development? Spending on things that you value...2017-07-281h 14
ChooseFI031R | FI Documentary?031R | In today's Friday Roundup we discuss travel rewards, flipping holidays upside down, buying presents, the upcoming FI Documentary and much more. Submit your applications for the contest to win a one-on-one business coaching relationship with Alan Donegan from PopUp Business School Brad’s slow travel vacation through New York State this August How we’ll publish episodes while on vacation and living a FI lifestyle Discussion of Episode 31 on travel rewards What to do with your strategy after Chase cards Clarification of Brad’s past and future travel rewards strategy Noah’s feedback...2017-07-1459 min
ChooseFI030R | The Side Hustle “Unpacked”030R | In today's podcast we have the biggest announcement in the history of ChooseFI thanks to Alan from PopUp Business School, so be sure to listen and get your responses in ASAP. Brad’s thoughts on not doing what everyone else is doing: July 4th, Valentine’s Day, Mother’s Day, etc. Jonathan’s wife loved the episode with Alan and she is going to use these skills on a side hustle herself You don’t need a lot of money to start a business – the big takeaway from the episode for Brad Bart...2017-07-0747 min
ChooseFI029 | The Aspiring Minimalist vs the Reluctant Frugalist029 | In today's podcast we go through a discussion of the mindset differences between a 'reluctant frugalist' like Jonathan and an aspiring minimalist like Brad. In Today’s Podcast we cover: The reluctant frugalist (Jonathan) vs. the mindset of the aspiring minimalist (Brad) How both these mindsets are valid and strong approaches to the concept of Financial Independence How do you talk to your spouse or significant other about financial independence? Voicemail from Royce about how he can get his wife on board with FI? You need to have a conversation with your significant other about what you wa...2017-06-2652 min
ChooseFI022 | The True Cost of Car Ownership022 | Do you know what your car is actually costing you each year? What about over an investing lifetime? In this episode of the ChooseFI Radio Podcast we cover the True Cost of Car Ownership and you'll be absolutely amazed at the numbers. In Today’s Podcast we cover: ChooseFI: The Ultimate Guide to the True Cost of Car Ownership Your car payment is a terrible way to spend your hard earned money We’ll present two different perspectives: Brad will show the long-term compounded cost of buying/leasing new cars continually versus holding a car for...2017-05-0841 min
ChooseFI020R | Introducing Our First CrowdSourced FI Plan & Case Study | Part 1020R | In today's Friday Roundup we introduce our first crowd sourced case study from a listener and we have a challenge to you: Implement one life hack this week that will make your life easier and less stressful and send it to us at feedback@choosefi.com (or leave a voicemail on our homepage!) and we'll read it on next week's Friday roundup. In Today’s Podcast we cover: Our first Friday roundup after a non-guest episode which leaves lots of time for audience input, questions and voicemails We want the podcast to be ‘By FIRE for FIRE’ and make it...2017-04-2850 min
ChooseFI020 | Entry Level Middle Class Lifestyle | Intro to Insurance020 | The Entry Level Middle Class Lifestyle is a tool that you can use to supercharge your path to FI. Jonathan and Brad go through their expenses one line item at a time. Then they start the conversation about a FI approach to insurance, with an emphasis on life insurance In Today’s Podcast we cover: What Jonathan and Brad’s lifestyle and budget look like. We go in-depth into our actual spending and budget line items What have we talked about previously? How to crush your food budget, how to get fit while being frugal, basics of inve...2017-04-2458 min
ChooseFI019R | Index Investing | How to buy VTSAX019R | In our Friday roundup Jonathan and Brad discuss the highlights and takeaways from the Monday episode with JL Collins. Then the podcast is opened up and crowd sourced to the community. Find out the specific travel reward perks that are available for active duty military and how to get started with VTSAX if you don't have $10,000 to invest The Friday Roundup #8: Review of podcast with Jim Collins Jonathan’s baby was born! And he’s here recording the Friday Roundup two days later 2nd Generation FIRE and the impact on Jonathan with his new son The value of star...2017-04-2152 min
ChooseFI012R | Introducing the Friday RoundupThe Friday Roundup acts as a way to connect the FI community bringing in your feedback questions, and corrections. https://www.choosefi.com/Start Text choosefi to 44222 for FI made simple Ebook On Todays episode Feedback on the Frugalwoods episode Email from Isaac: How have others responded to you being “openly FIRE” in your real life? Email from Evan: Has some tax hacks he wants to pass along Questions about travel rewards – do Chase points expire and how to transfer? Update on Jonathan’s goal to lose 30 points by April 22nd...2017-03-0344 min
ChooseFI010 | Skinny Waist, Fat Wallet (How to Lose 30 lbs in 3 months)010 | In Today’s Podcast we cover: Fitness and nutrition from a financial independence mindset Jonathan’s quest to lose 30 pounds in the 3 months leading up to his son’s birth JD Roth’s talk at the Camp Mustache event to create a personal mission statement Jonathan’s post-it note goals for his next 3 months of losing weight Be intentional about your goals Eating to live, not living to eat The dangers of carbs and processed sugar Frugal, ripped, lean and wealthy Set a goal and find some accountability partners Brad’s goals: 15 pullups and a six-minute mile Go to s...2017-02-131h 16
ChooseFI009 | Travel Rewards: How To Travel The World For Free (The Easy Way)009 | In Today’s Podcast we cover: Why Jonathan started with travel rewards: Wife’s family in Zimbabwe: $6,000 in flights every two years https://www.choosefi.com/travel What is this travel rewards strategy all about? Minimum spending requirement defined Options to meet minimum spending requirement Return on investment: instead of 1.5% rewards, you can earn upwards of 33% Impact on credit score and Brad’s personal experience Is this strategy right for you? The Chase Gauntlet and why you want to focus on Chase cards first Where to start? Chase...2017-02-061h 00
ChooseFI007 | America’s Food Obsession | How to Crush Your Grocery Bill007 | In Today’s Podcast we cover: America’s food obsession: We’re fat and broke How Brad’s family saves money on food Being smart with ingredients. How often does Brad’s family go out to eat? Go out for lunch instead of dinner Emergency meals in extra freezer Being efficient shopping at one store. Cut down on business Plan out the 2-3 meals you want to cook for the week Index of Top 50 recipes (A++ recipes) to cook Getting five nights of dinner out of cooking two meals Jonathan’s plan: cook for multiple nights and d...2017-01-2348 min
ChooseFI004 | Get Off The Hamster Wheel | Jonathan Backstory004 | In Today’s Podcast we cover: Interviewing Jonathan to hear his story August 2013 Jonathan graduated from Pharmacy School with $168,000 student loan debt How did he get to that point? ‘Followed the rules’ to get his pharmacy degree but came out owing $1,000 per month in interest You don’t have as much money as you think: the impact of taxes How many years of work he gave up to pursue advanced degree and then pay down the debt just to get back to $0 net worth Would there have been a more efficient way to earn a $100k+ incom...2016-12-2728 min
ChooseFI001 | Get Started on Your Path to Financial IndependenceWhat if you could get to the point where working is optional not just in your golden years but in your best years and have fun doing it. Welcome to the Financial Independence Community In the Original First Episode of the ChooseFI Podcast Brad and Jonathan share their objectives for the show and what they want you to get out of it. Welcome to the Show! Jonathan & Brad are not gurus. They are 2 average guys who are figuring out the rules of Financial Independence and sharing what they find with millions of other...2016-12-1823 min