Choosefi | Financial Independence Podcast For The Stealth Wealth Community

050 | In this podcast we discuss domestic geographic arbitrage with Mr. Groovy from Freedom is Groovy. In Today’s Podcast we cover: A conversation with Mr. Groovy from Freedom is Groovy to discuss domestic geographic arbitrage How Brad made a similar decision to Mr. Groovy to move from Long Island to a lower cost of living area How Mr. Groovy was a “financial moron” until he was in his 40s until Mrs. Groovy found Dave Ramsey What did their financial lives look like before finding Dave Ramsey and the concept of an emergency fund How creating a budget and putting it on paper was a game changer for them What changes did they make after creating a budget? Their debt situation: They had about $30,000 in consumer debt How they created a “transition fund” to help them move off of Long Island to a lower cost of living area They managed to pay off debt and save $80,000 in cash for this transition fund by 2008 Their families were supportive of their move off of Long Island The peculiarities of living on Long Island and