Episódios

  • 510 | Real Estate 2024 Update | Scott Trench

    510 | Real Estate 2024 Update | Scott Trench
    Sep 16 2024
    In this episode: the lock in effect, renting vs buying, househacking in 2024, interest rate, and real estate investment. In this episode, Scott Trench of BiggerPockets shares invaluable insights into the 2024 real estate market, breaking down everything from housing supply to interest rates, syndications, and investment strategies. Whether you’re a seasoned investor or just curious about real estate, this episode provides a window into the current state of real estate investing the FI way! 🔑 Key Themes Discussed: The impact of rising interest rates on real estate markets in 2024The “lock-in effect” and how low-interest mortgages affect housing supplyRent vs. buy decisions in today’s marketThe rise of multifamily and single-family housing supply, especially in regions like AustinHouse hacking in 2024: Is it still viable?The state of commercial real estate and multifamily investmentsHow interest rate trends impact real estate investorsOpportunities for investors in a downturn: Finding deals amidst crisisSyndications: Potential pitfalls, bad actors, and lessons learned for 2024Real estate investment strategies: What to do with your mortgage and how to balance risk 🕒 Chapters: 00:00 – Introduction: Welcoming Scott Trench01:00 – Rising Interest Rates and Market Effects03:00 – Housing Supply and the Lock-in Effect Explained04:30 – Rent vs. Buy: How the Calculus Has Changed09:00 – The Build-to-Rent Industry and Single-Family Rentals12:00 – House Hacking in 2024: Is It Still Worth It?16:00 – Multifamily Housing Supply and Regional Trends17:00 – Commercial Real Estate: What’s Happening Now?20:00 – How Interest Rates Are Crushing Commercial Investors24:00 – Opportunities Amidst a Crisis: Where to Find Deals27:00 – The Real State of Syndications: Risks and Rewards33:00 – Evaluating Syndicators: How to Find Good Deals in 202436:00 – Real Estate Investment Strategies: Notes, Funds, and Lending43:00 – Pay Off Your Mortgage or Invest?50:00 – Long-Term Real Estate Bets and Holding Strategies56:00 – Wrap-Up: Key Takeaways and Final Thoughts 🔗 Mentioned Links and Resources: BiggerPocketsThe BiggerPockets Money PodcastSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency 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
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    55 minutos
  • 509 | Getting Personal with Personal Finance | Ginger & Kim

    509 | Getting Personal with Personal Finance | Ginger & Kim
    Sep 13 2024
    In this episode: surpriseFI, minimalism, frugality, emotional and psychological aspects of FI, and alternative lifestyles. We often get a lot of great ideas and questions from the FI community, and what better way to answer some as well as inspire than bring in one of our own to discuss their journey! In this special Friday episode, Ginger is joined by member of the FI community, Kim, to discuss how she found herself on her “surpriseFI” journey. Together, the pair talks about balancing frugality and minimalism, the importance of designing the life you want, as well as share some resources and recommendations that helped her on her journey! 🔑 Key Themes Discussed: The journey to achieving Financial Independence (FI) through surprise and discoveryMinimalism, frugality, and living below your means as a path to freedomTransitioning from work life to financial independence and early retirementPersonal reflections on housing, relationships, and travel in post-retirement lifeEmotional and psychological aspects of financial independenceStrategies for aligning personal values with financial decisionsExploring alternative lifestyles: hatchback camping, Peace Corps, and low-cost living 🕒 Chapters: 00:00 – Introduction and How Kim and Ginger Met02:00 – Kim’s Journey to Surprise Financial Independence06:00 – Experimenting with Early Retirement: Leave of Absence Strategy09:00 – Living Frugally: Kim’s Minimal Spending Habits12:00 – Kim’s Unique Housing Situation and Thoughts on Real Estate15:00 – The Role of Minimalism in Achieving Financial Freedom17:00 – Life After Retirement: Adventure, Travel, and Hatchback Living23:00 – Challenges and Opportunities in Dating After FI27:00 – Personal Growth, Goals, and the Desire for Meaningful Projects33:00 – Financial Planning Tools and Resources for FI35:00 – Balancing Frugality and Enjoyment: Traveling on a Budget40:00 – Final Thoughts: Kim’s Recommendations for an Extraordinary Life 🔗 Mentioned Links and Resources: “Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence” by Vicki Robinson, Joe Dominguez, and Mr Money Mustache.“Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert KiyosakiRich, Broke, or Dead? Post Retirement FIRE Calculator Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep. 18Afford Anything with Paula Pant | Vicki Robin: Financial Independence After 70 [GREATEST HITS WEEK]Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency 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
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    43 minutos
  • 508 | 5% SWR, Revealed Preferences, and the 3 Stories | Frank Vasquez

    508 | 5% SWR, Revealed Preferences, and the 3 Stories | Frank Vasquez
    Sep 9 2024
    In this episode: 5% safe withdrawal rate, the three stories, psychology and personal finance, and community. In this insightful episode of the ChooseFI Podcast, Brad chats with Frank Vasquez, a well-known figure in the financial independence community and the voice behind Risk Parity Radio. They delve into Frank’s journey from a career in law to becoming a personal finance expert, and explore topics like the 5% safe withdrawal rate, revealed preferences, and Frank’s three defining life stories. This conversation offers insight on approaching personal finance, investments, and life after achieving financial independence. Frank shares his unique blend of academic rigor, personal curiosity, and his thoughtful approach to living with purpose in the post-FI world. 🔑 Key Themes Discussed: Understanding the 5% Safe Withdrawal Rate (SWR) and its practical application.How revealed preferences shape financial and life decisions.The three stories Frank lives by: the Curious Child, the Starfish Thrower, and the Mexican Fisherman.How narrative psychology impacts our personal finance decisions.Personal experiences in managing life post-financial independence.The intersection of economics, personal finance, and storytelling.Practical insights on podcasting, community engagement, and sharing financial knowledge. 🕒 Chapters: 00:00 – Introduction to Frank Vasquez and Risk Parity Radio.03:00 – Frank’s Journey: From Law to Personal Finance Expert.07:30 – Understanding the 5% Safe Withdrawal Rate.15:00 – The Three Stories Frank Lives By.25:00 – Revealed Preferences: What Do We Really Want?35:00 – Narrative Psychology and Personal Finance Decisions.45:00 – Post-FI Life: Teaching, Relationships, and Purpose.55:00 – Frank’s Thoughts on Podcasting and Community. 🔗 Mentioned Links and Resources: Risk Parity RadioBig Think video on Narrative Psychology with Jane Goodall and Terry Crews“Build the Life You Want: The Art and Science of Getting Happier” by Arthur Brooks and Oprah WinfreyThe Role Of Bonds In A Portfolio with Frank Vasquez | ChooseFI Ep 194Find Your Local ChooseFI Group More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency 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
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    1 hora e 9 minutos
  • 507 | Taking the Fear Out of Your Future | Ginger roundup

    507 | Taking the Fear Out of Your Future | Ginger roundup
    Sep 2 2024

    In this episode: overcoming fears, the importance of community, community wins, reaching FI goals, and ripple effects.

    This week Brad is re-joined by Ginger for another installment of the round-up, where we will be discussing topics such as new 529 plans, the importance of making connections within your community, and actionable steps for overcoming anxieties while on your FI journey! Additionally, it wouldn’t be a round-up episode without as well as shouting out some frugal wins from our wonderful community! While these episodes are not only a great way for us to give you personal updates and perspectives, it’s an even better way for us to highlight some of the tips and tricks you’ve picked up on your respective FI journeys!

    🔑 Key Themes Discussed:
    • The psychological aspects of financial independence and overcoming fear.
    • Building a fulfilling life by focusing on fulfilling days.
    • Strategies for maximizing benefits from 529 plans.
    • The importance of community and connection in the FI journey.
    • Overcoming anxiety and embracing serendipity in life choices.
    • Practical steps for financial checkups and optimization.
    • Leveraging travel and experiences for personal growth and connection.
    • Exploring frugality and financial prudence in everyday decisions.
    🕒 Chapters:
    • Introduction to the Episode with Brad and Ginger
    • Highlighting Community Wins and Stories
    • Embracing Challenges and Overcoming Fears in Personal Growth
    • Listener Voicemail – Updates on Reaching FI Goals
    • New Rules and Tips for 529 Plans
    • Frugal Wins of the Week
    • Big Financial Moves and Their Ripple Effects
    • Conclusion and Reflections on Building Community and Connection
    🔗 Mentioned Links and Resources:
    • Update: Healthiest Year Ever | Dean Turner | ChooseFI Ep 480
    • Making FI Fun Again | ChooseFI Ep 502
    • 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)
    • Get a cheaper phone plan with Mint Mobile
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    1 hora e 9 minutos
  • 506 | ProjectionLab | Kyle Nolan

    506 | ProjectionLab | Kyle Nolan
    Aug 26 2024

    In this episode: entrepreneurship, side hustles, overcoming fear, community, sharing and maintaining passion projects.

    This week we are joined by Kyle Nolan, creator and founder of ProjectionLab, where we will be discussing how he left his 9 to 5 to pursue a passion project, some of the challenges and realizations he’s faced while creating his software, as well as the importance of investing in your interests regardless of the risk or self-doubt you may feel. The journey to FI offers many things, such as freedom and autonomy to pursue new things, but it’s important to remember that you don’t have to wait until you reach FI to start investing in things that are of value to you! By pouring yourself into something that interests you will always guarantee a payback!

    🔑 Key Themes Discussed:
    • Kyle’s journey from traditional employment to entrepreneurship.
    • The development and impact of ProjectionLab in the FI community.
    • The role of personal passion in creating and growing a side hustle.
    • Overcoming fear and indecision when launching a new venture.
    • The importance of a supportive community in achieving financial independence.
    🕒 Chapters:
    • Introduction to Kyle Nolan and ProjectionLab
    • Kyle’s background and the start of his FI journey
    • The motivation behind creating ProjectionLab
    • The challenges and rewards of entrepreneurship
    • The pivotal moment of launching ProjectionLab on Hacker News
    • The significance of mental headspace in pursuing side projects
    • Brad’s reflections on proof of concept and personal finance journey
    • How to encourage children to explore their passions in technology
    🔗 Mentioned Links and Resources:

    • ProjectionLab (Use Code "CHOOSEFI" for 10% off!)
    • Richmond Savers
    • 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)
    • Get a cheaper phone plan with Mint Mobile
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    1 hora e 3 minutos
  • 505 | Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp

    505 | Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp
    Aug 19 2024
    In this episode: debt and investing, the 4% rule, Roth 401k and traditional 401k, and total return investing. This week we are back with a listener Mail Bag featuring returning guest Rachael Camp! Together, we will be answering questions and giving our feedback on nuanced topics asked by the community! Listen along for discussions about the 4 percent rule, how taxes are factored into your FI number, investing in dividends, paying down debt versus investing, and finally a shortlist of actionable steps one could take if they are young and beginning their FI journey. There is much to discuss and so much more to learn this week as we tackle your FI questions! 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. 🔑 Key Themes Discussed: Introduction to Financial IndependenceDebt vs. InvestingThe 4% Rule and TaxesRoth 401k vs. Traditional 401kDividends vs. Total Return InvestingSecond Generation FI 🕒 Chapters: Getting Started with FIDebt vs. Investing4% Rule and Tax ImplicationsRoth 401k vs. Traditional 401kDividends vs. Total Return InvestingSecond Generation FI 🔗 Mentioned Links and Resources: Find Your Local ChooseFI Facebook GroupPreparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460How To Test Out of College While You’re Still In High School | Millionaire Educator | ChooseFI Ep 238How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney | ChooseFI Ep 475Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency 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
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    1 hora e 13 minutos
  • 504 | Visualizing Your Domino Effect | Devon

    504 | Visualizing Your Domino Effect | Devon
    Aug 12 2024

    This week on ChooseFI, Brad welcomes Devon, a 22-year-old National Guard member and aspiring mechanical engineer, to discuss the power of intentionality and personal finance! Together, Brad and Devon explore how small, deliberate actions can create a domino effect in shaping one's financial future. Devon shares his journey from joining the National Guard at 17 to discovering financial independence through ChooseFI, and how his disciplined approach to life has led him to save for his first home, maximize military benefits, and even inspire his peers.

    🔑 Key Topics Discussed:

    • The Domino Effect: How Small Actions Lead to Big Changes
    • Financial Independence: Starting Young and Staying Disciplined
    • Maximizing Military Benefits: Tuition Assistance and Beyond
    • Real Estate Goals: Saving for a Down Payment with Intentionality
    • Mentorship and Networking: Learning from Industry Professionals
    • Practical Financial Tips: Budgeting, Saving, and Investing Wisely

    🕒 Chapters:

    • Introduction to Devon's Story and His Early Start in FI
    • The Domino Effect: How Devon Visualizes His Financial Future
    • Navigating College and Military Life: Tuition, Benefits, and Budgeting
    • Saving for Real Estate: Devon's Plan to Buy His First Home
    • Mentorship and Networking: Building a Successful Career Path
    • Practical Financial Tips for Young Adults and Military Members
    • Intentional Living: Balancing Work, School, and Personal Goals
    • Key Takeaways and Final Thoughts

    🔗 Devon's Links and Resources Mentioned in the Show:

    • Devon's Website: Freedom By the Day
    • Liberated Mind Library Instagram
    • Contact Devon via Email: Freedombytheday@gmail.com
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    1 hora e 12 minutos
  • 503 | Deep Dive: Roth IRA Conversion Ladder

    503 | Deep Dive: Roth IRA Conversion Ladder
    Aug 5 2024

    In this episode: Roth IRA conversion ladder, starting with the end in mind, investing for growth or stability, and retirement planning.

    While we have covered Roth IRA Conversion Ladders on ChooseFI before, we have never in the past taken such a deep dive into the subject like we do in this week's episode! Once again, we are joined by friend of the show Cody Garrett from Measure Twice Money, as we cover a high-level-FI approach to the Roth IRA conversion ladder and ways one could approach propelling themselves into a FI fueled retirement!

    Cody Garrett:

    • Website: Measure Twice Money
    • YouTube: @MeasureTwiceMoney

    Resources Mentioned In Today’s Episode:

      • Measure Twice Money ChooseFI Podcast Resources
      • The Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep. 17R
      • Roth IRA Conversion Ladder Case Study | ChooseFI Ep. 163R
      • Find Your Local ChooseFI Group
      • 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)
      • Get a cheaper phone plan with Mint Mobile
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      1 hora e 14 minutos