Choosefi | Financial Independence Podcast For The Stealth Wealth Community

060 | Myles Wakeham shares the little-known advantages of medical tourism, how he covers his medical bills and his personal journey to FI. This episode covers: Myles’ personal journey to FI How he discovered medical tourism The huge benefits of traveling abroad for medical treatment His investments in Bitcoin How he plans for adverse events ——————-   Thank you for being a part of the ChooseFI community! 

059R | A review of Vincent Pugliese's interview, the satisfaction of DIY projects, and voicemails about financial coaching and international teaching. On today’s show we cover: Doing more ChooseFI Richmond meetups The limiting beliefs of not wanting to learn The satisfaction that comes from DIY The importance of a legacy binder A review of Monday’s episode How Vincent is all about relationships How his outlook of life completely changed with two inflection points Why FI not only improves yourself but also your family What living on the other side of FI looks like Why the range of choices at FI keep you busy The Skinny Waist Fat Wallet Challenge Voicemail from Kelsa about the ChooseFi community and how she helps people with financial coaching Voicemail from Nicholas and Jack about creating a partnership to buy rental properties Voicemail from Rosemarie on her secret life hack as an international teacher Announcements Apple Podcasts review and book giveaway   Links from the show ChooseFI local groups Episode

059 | Vincent Pugliese shares his journey to reaching FI after changing his mindset towards life and starting a business. This episode covers: Vincent’s backstory How he changed his thought process How his resilience got him opportunities The journey of starting his business The importance of patience and persistence How he reached FI Why he homeschools his kids and what he teaches them ——————-   Thank you for being a part of the ChooseFI community! 

058R | A review of the CampFI episode as well as a discussion on pensions and some thoughts on the value of CFPs. This episode covers: The community of CampFI 
Frugal wins and fails 
Voicemail about pensions 
How Grumpus communicates with his audience
 The value of CFPs
   ——————-   Thank you for being a part of the ChooseFI community! 

058 | A roundtable discussion with two CFPs, Kyle Mast and Danny Kenny, on what financial planning looks like in practice, the importance of talking to a CFP and managing different types of risk. On today’s episode we cover:   Roundtable Q&A with two Certified Financial Planners Kyle and Danny’s backstory How they learned about FI Why you should use the services of a CFP How they act as an educator and therapist between spouses What financial planning looks like in practice The different CFP models Why everyone should talk to a CFP How to find a CFP Why it is important that your CFP is a fiduciary and how to make sure The changes with the new tax bill The steps between the accumulation and drawdown phase Biggest mistakes clients make How to get both spouses on the same page The importance of keeping records How to deal with people who panic Risk management outside of investments Why it’s worth getting long term disability insurance When should someone consider index funds Importance of mixing US and inte

057R | A roundtable discussion at CampFI including talks on the military, the flexibility of the FI plan and reaching FI before your partner.   On today’s episode we cover: Everyone’s at a different FI stage in the community Doug Nordman talks about the military and FI How Doug manages his time Natalie talks about the importance of keeping the FI plan flexible JD Roth’s 2018 challenge and his view on the FI community The huge wealth of knowledge and feeling of being in a tribe at Camp FI The factor of a successful individual: resilience Cody explains how to we could teach FI to teens John’s dilemma on reaching FI before his wife JD Roth explains how he manages being the only one in FI as a couple The power of making your own job by threatening to quit How Camp FI and the community help deal with irrational fears How the tribe inspires people to spread the message   Links from the show: CampFI Doug Nordman’s blog: The Military Guide Physician on FIRE Get Rich Slowly Arsenal Discs 1500 Days to Freedom For m

057 | Grumpus Maximus shares his military background, his blog about understanding pensions, and his path to FI. In this episode we cover Interview with Grumpus Maximus about pensions and the military Where the name Grumpus Maximus comes from The Golden Albatross Grumpus Maximus’ backstory How he discovered the FI movement How he wanted to quit the military but would then lose all the benefits His relationship with Mrs Grumpus about money How to manage your finances as a couple What FI looks like now How Grumpus got through the mental breakdown His top resources for learning about FI How to understand the pension How the retirement system is changing for the younger generation Grumpus presented FI to his colleagues in the military Hot Seat questions Links from the show Grumpus Maximus’ blog What is a Golden Albatross? The Pension Series Worth vs worth it Mr Money Mustache Jim Collins Retirement Planning: How to Calculate your Gap number Can I retire yet? Blog FIRECalc and Flexible Retirement Planner G

056R | We review Monday’s "Side Hustle Coaching Series Part 1" with some talk on the workings behind ChooseFI, as well as several voicemails on travel and career hacking.   In today’s episode we cover:   Review of Monday’s episode How these coaching calls are like Reality Internet Taking those lessons and applying them to your personal life How the ChooseFI business works The process of scaling a business Yolanda’s Facebook comment on not buying stuff she doesn’t need How the community has great role models that motivate others Calculating your net worth Brad’s frugal hack and huge frugal win Voicemail from Peerless Money Mentor on using HSA funds to hit the minimal spend limits Travel hacking with the Southwest Companion Pass Voicemail from Hillary about getting a degree in Finance for a career path to FI Comment from Claudia about her business model for the classes she teaches Voicemail from Scott about his hack when packing a bag for travel iTunes review and book giveaway   Links from the show: Monday’s

056 | A slightly different episode as it consists of a coaching call between Alan Donegan from the PopUp Business school and Tallis, who wishes to grow her business and make it profitable. In this episode we cover: • First episode the year: coaching call • Call between Alan Donegan and Tallis on her new business idea • Alan will walk her through ideas to grow her business • Tallis’ business: dance classes for people with Parkinson’s disease • Reasons why dance classes work • Defining who are the customers • Defining who would fund the business • Planning out Tallis’ business model • Alan’s advice to find funding using examples • How to use reports as a pitch for funding • Alan’s tips: finding social value, building an email list, scaling the system • How to show that the business idea works • The importance in adding value to people who fund the business • Where to start with PR • The branding process • The importance of having a website • How ChooseFI will check in every so often • Why and how Talis will sta

055R | A review of ChooseFI’s 2017 on the great progress of the community, several voicemails on FI successes and plans for 2018 This episode covers: • How far the ChooseFI community has come • Eric’s great successes on his path to FI • How everyone in the community is helping each other out • The idea of building the community offline • Colby’s college hack to graduating debt free • How FI is about living a life of intention • Huge thank you to everyone __________________ 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://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 on this page 3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! (Episode 21 is a great starting place) As Jonathan would say, "The FIRE is spreading my friends!"

055 | Live from Fincon 2017 in Dallas Texas, it's ChooseFI! Hey there everyone, We recorded a special minisode that we wanted to share with you today. For those of you that found us this year and have been following us on this journey over the last 12 months. Thank you :) We recorded this at the #Amazing FINCON in Dallas that we attended at the end of October, the conference was an epic experience and they gave us the opportunity to record a short 20 minute episode using a VW Bug (in the featured image for this episode). It was a cool experience all the way around and we thought you might get a kick out of hearing it. Important We are collecting your feedback for an end of the year episode. If you found the FI community through ChooseFI or you have been in the FI community but this year you have finally taken action. We would love to share your progress with the larger FI community. If you want to share the progress that you have made over the last 12 months leave us a voicemail by the end of monday or early

Fritz from The Retirement Manifesto joins Jonathan to cover the topic of risk tolerance and capacity, Jonathan taking action to make ChooseFI happen, voicemails about college hacking, and ESI Money taking over Rockstar Finance. This episode covers: Review of Monday’s episode with Fritz The financial love letter How ChooseFI is now happening in real time The different risk tolerances in the FIRE community Sam from the Facebook group: Jonathan’s risk by quitting his job How the risk capacity varies from person to person Why Jonathan has a high risk capacity The more you start doing what you love, the more opportunities you get Dylan and Kimberly ask Fritz a question about the drone and prepping for emergencies Voicemail from Accidental FIRE about Fritz living in a cabin Richmond’s asks for advice for college graduates Jessie’s college hack on getting a graduate degree Ben asking about the power of clep testing Francis’ career hack as a sales rep Monday’s big event: J Money handing over the Rockstar Finance rei

054 | 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! 

053R | We discuss the importance of building trust and creating a tribe as well as how to use your talent stack for business. In today’s episode we cover: Another side hustle: narrating books Review of Monday’s episode with Bobby from Millennial Money Man How blogging is a way to give back to the community Why you just need true fans to be successful Having a good audience starts with adding value and building trust How the key to making money blogging is solving your audience’s problem Why having a tribe is essential for success How Brad’s limiting belief affected him Jonathan will write an article on Chipotle as an example to solving a problem How using your talent stack will help you online as well as offline How travel rewards are a pillar of FI Feedback from Mindy with the idea of an end of year checklist Facebook thread on ways to optimize tax payments and planning Voicemail from Chris about small life hacks for post FI people Voicemail from Lindsay about generating a second income stream J & A ask

053 | This episode was an interview with Bobby from Millennial Money Man on attacking debt, becoming a full-time blogger, methods to teach finance in schools and how to scale side hustles.     In today’s episode we cover: Bobby’s story starting as a high school music director Him quitting his job to be a full-time blogger How he paid off his student loans His mentor teaching him the basics of managing money The lightbulb moment which brought him to start Millennial Money Man Bobby’s rule on talking about money with friends and family How he hasn’t changed even though he has more money The FI lifestyle Being a valuist Questioning the traditional narrative that everyone has to go to college At which age should kids start learning about personal finance How the world would change if everyone knew more about finance Bobby’s method to get kids interested in finance Bobby’s initial idea to do teaching seminars in schools How he decided to quit his job Getting started with side hustles Advice for new bloggers: using

052R | We review Monday’s episode featuring Todd Tresidder discussing the different ways to reach FI through different asset classes, goals for 2018 and how to invest in yourself to create a happier life. What we cover: Recap of Monday’s episode with Todd: our most commented podcast How Todd makes us rethink FI and the way his mind works Why things are not as simple as the FI community make it out to be What other assets there are apart from index funds The 2 ways of getting into the entrepreneur game How FI is not a lottery ticket, the work to be put in. Why starting a business does not mean reaching FI How to choose which asset class is your path to FI How Brad’s bad experience in real estate makes him nervous about starting again 2018 goals: taking the next step with real estate The importance of not being dogmatic and broadening horizons Feedback from Trent on real estate, stocks and bonds How real estate can be a good plan for retirement Big Ern’s thoughts on Monday’s episode Active asset allocation: can

052 | Todd Tresidder from Financial Mentor comes on the show to share his perspective on the traditional way FI is taught ( FIRE State of the Union)  and where it could be improved. We discuss the unique characteristics of all three asset classes and the advantages and disadvantages of each. Create a framework for your wealth plan and understand the importance of risk management. In Today’s Podcast we cover: An in-depth conversation with Todd Tresidder from the Financial Mentor on the State of the FIRE Union The math behind financial independence and how traditional FI-thought is about lowering expenses and investing in low-cost passive index funds Todd believes there’s more to the situation than commonly believed Todd does not want to optimize relentlessly based on price What is Todd’s definition of Fat FIRE? There are multiple paths to FI such as pursuing the business and real estate asset classes to get you to FI quicker in Todd’s opinion Where does Risk Management come into play? Risk management also need

051R | In this podcast we do a recap of episode 51 with Mrs Money Monster discussing the importance of getting past limiting beliefs as well as how to use the community to your benefit and take action in pursuing FI. In Today’s Podcast we cover: Recap of Monday’s episode with Mrs Money Monster. The importance of getting past those limiting beliefs Why we should learn to embrace the growth mindset, to always be willing to learn The value of having mentors Why FI is acknowledging that I am more than the sum of my stuff Having more control over your finances means making retirement optional Choose FI local groups are growing, making the Camp FI and FI Festival possible Voicemail from Lori about educational IRAs answered by Ed Mills from the Millionaire Educator Voicemail from Michelle about her journey to FI. All about taking action and keep working towards your goals. Matthew’s post from the Facebook Choose FI group: how one person changed his life by introducing him to FI Voicemail from Haidi about her prepari

051 | In today's podcast we discuss the Roller Coaster Path to FI with Lisa from Mad Money Monster, including a new term she coined: F.I.O.R In Today’s Podcast we cover: A conversation with Lisa from Mad Money Monster on the ‘Roller Coaster Path to FI’ Lisa grew up in a trailer, but in a great school district on the ‘right side of the tracks’ She only recently started telling people she grew up in a trailer as it impacted her self esteem She graduated from high school and didn’t plan to go to college as she didn’t think she was “smart enough” One meeting with an engineer at her first job let her to community college where she “secretly” applied The limiting beliefs and lack of a mentor behind her not even contemplating college How her friend’s parents told her to not even start college as she “wasn’t going to finish” Lisa’s belief that she is coachable as a major life talent She graduated with a scientific degree from a four year university and had $25,000 of student loan debt Her employer paid for 100% of he

050R | The Impact of FI, A New FI Curriculum being piloted in a university, and holiday hacks just in time for Christmas. In today’s Friday Roundup we talk a bit about Thanksgiving and how to work on being thankful for all we have (yes it’s about your family). We also look back on our previous episode with Mr Groovy about moving out of an expensive living area to reach FI faster and the value of a local FI community (the FIRE really is spreading).  We received some really inspiring messages which we share on today’s episode to show you the power FI has to transform an entire life. And of course, we finished off with some great Christmas hacks for the holidays! What we cover: 1. The Importance of Community There are ChooseFI communities all over the world now (62 and counting!) and it’s an enormous network. This means more and more people have communities with similar mindsets and goals just at their doorsteps. Imagine the opportunities when visiting another city and making contact with those other FI communit