Free Real Estate Investment Analysis Tool Our friends Ali & Josh from The FI Couple (Episode 430) created a free real estate deal analysis tool that I wanted to pass along here in the newsletter as I’ve been really impressed with them generally and I’m certain this will be quite valuable if you’re looking to …

Continue reading "FI Weekly – May 23, 2023: Real Estate Analysis Tool, Actions Taken on Insurance"

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In this episode: money against mindset, fear setting, FI events, gap years, slow travel, and living intentionally. Everyone’s relationship with money is different, just as everyone’s path to FI looks different, but how do you unlearn behaviors that could be holding you back? This week we are joined by Amy Minkley to discuss how finding …

Continue reading "Past Failure Does Not Define Future Success | Amy Minkley | Ep 440"

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Student Loan Forgiveness Update When we had Travis Hornsby from The Student Loan Planner on the podcast in August 2022, literally hundreds of members of the ChooseFI community took action to have their student loans forgiven. Travis was back on the show yesterday in Episode 437 of the ChooseFI podcast and the update is there …

Continue reading "FI Weekly – May 16, 2023: Student Loan Forgiveness, Lower Insurance Premiums, Roth IRA Timing"

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In this episode: success after FI, finding purpose, owning your time, investing in health, and spiritual pursuits. While reaching your FI number and subsequently retiring is an amazing achievement in itself, what are you supposed to do with yourself after getting there? Well, figuring that out is also a big step you are going to …

Continue reading "Adjusting to Life After FI (Before You Get There) | Chris Terrell | Ep 439"

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Financial Advice for Your 28-Year-Old Self Alicia posed an interesting question in our Facebook group this week (and wow, the group recently grew to over 100,000 members!!) that I wanted to include here in the FI Weekly, along with some of my favorite responses: Alicia asked, “If you could go back and tell your 28 year old …

Continue reading "FI Weekly – May 9, 2023: Financial Advice for Your 28 Year Old Self, Berkshire Quotes, EconoMe 2023 Speeches"

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On this installment of the Book Club, we are joined by Clint Murphy and Ginger to discuss some of our favorite takeaways from Dan Ariely and Jeff Kreisler's "Dollars and Sense: How We Misthink Money and How to Spend Smarter," We often mention on this podcast the importance of actionable steps you must be willing to take while on the journey to FI, and this book is chalk-full of actionable tips and examples that could possibly be applied to many areas of your life, not just personal finance. While we know that personal finance is not unilateral and there are no correct steps and decisions that ensure success for everyone, we believe this book can help you better understand the decision making processes that goes into taking actionable steps on your FI journey! 

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Rethinking the Value I love it when a money concept is presented in a way that really hits home. An example is how we show that cutting $100 out of your monthly expenses equals $30,000 less you need in your net worth to reach financial independence. Cody Garrett from Measure Twice Money published a post on Twitter …

Continue reading "FI Weekly – May 2, 2023: Rethinking the Value, Cash Back Rewards, A Challenge Completed"

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In this episode: the PLDF and IDR waiver, irreversible decisions, and action steps. This week we are re-joined by friend of the podcast, Tim Hornsby, to discuss some updates and deadlines pertaining to student loan forgiveness. While the thought of paying off student loans can feel daunting, there may actually be some ways to mitigate …

Continue reading "Are You Old Enough for Student Loan Forgiveness? | Travis Hornsby | Ep 437"

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How to Access Retirement Funds Before 59.5 Allen Mueller, a longtime member of the ChooseFI community and a fee-only financial planner, posted something interesting on Twitter yesterday that is fundamental FI knowledge, but I fear most of us aren’t familiar with each of these options: “It’s MISCONCEPTION MONDAY! “Your 401(k) money is locked up until age 59.5” …

Continue reading "FI Weekly – April 25, 2023: Access Retirement Funds Before 59.5, Exercise for Longevity"

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In this episode: getting comfortable investing, the vision boards, salary negotiations, and the skill of spending Whether it’s wanting to pay off your debts or get yourself set up for your future, there are many motivations for wanting to begin the path toward FI. This week we are joined by listener and fan of the …

Continue reading "From Vision Board to Action: A FI Success Story | Rakesh | Ep 436"

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Expressing Gratitude Susanna responded to last week’s newsletter with a story that I wanted to share with you, as it highlights the power of FI and is a reminder to thank those people in your life who have made an impact on you.  Here it is in Susanna’s words: “I learned about the FIRE movement …

Continue reading "FI Weekly – April 18, 2023: Expressing Gratitude, The Wealth Letters, 5 Flexible Withdrawal Strategies, The Wealth Letters, 5 Flexible Withdrawal Strategies"

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Oftentimes on our show, we talk to people on the FI journey with “regular” 9-5 jobs, and other times we talk to those who have achieved their FI goal and are able to retire from their careers. However, we rarely talk about money management and FI when it comes to those working in service industries, …

Continue reading "Tipped Finance | Barbara Sloan | Ep 435"

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Travel Rewards for a Spring Break Win Our family just got back from an amazing spring break trip to the Bahamas, and it was a case study in how beneficial using travel rewards can be, both in the big obvious ways, but also in more subtle ways that add dramatically to the experience. The obvious …

Continue reading "FI Weekly – April 11, 2023: Travel Rewards Wins, Exercise for Longevity, Book Anniversary"

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In this episode: travel wins, the transtheoretical model of change, community emails, and the economy conference. There can be points on the journey to FI where you feel that you may not be able to accomplish your goals, or even take advantage of some of the hacks we talk about on the show. But sometimes …

Continue reading "The Transtheoretical Model of Change | Roundup with Ginger | Ep 434"

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Inexpensive College Credit Options My older daughter is in high school and we recently met with her counselor to discuss course options for her next few years and in that discussion, the concept of ‘dual enrollment’ came up as an option for her. Dual enrollment allows current high school students to take college level courses, …

Continue reading "FI Weekly – April 4, 2023: Inexpensive College Credits, Social Security and One More Year Syndrome, IRL Meetups"

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In this episode: the power of the outside, overcoming adversity, the value of streaks, building momentum, and van life. As we’ve discussed many times on our show, creating and maintaining habits is an integral part of the FI journey. It requires you to prioritize what you value and can lead to success in many areas …

Continue reading "Outside 365 | Greg Heil | Ep 433"

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AI Revolution Happening Now Part of what makes the FI Community special is we realize the world is constantly changing and in order to make the best decisions going forward, we need to understand those changes and the ‘rules of the game’ of life. We see this in our finances with traditionally unheard of concepts …

Continue reading "FI Weekly – March 28, 2023: AI Revolution, Millionaire Next Door"

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