Choosefi | Financial Independence Podcast For The Stealth Wealth Community

  The Troy and Lindsay are new on their journey, finding FI several months ago after making a budget and realizing they had no money left over at the end of the month. Compared to other systematic approaches to becoming debt-free, they felt FI was creative and adaptable to a variety of lifestyles. The first step Troy and Lindsay took was to determine where all their money was going using a budget tracker, which enabled them to cut monthly expenses and continue to do the things they enjoyed doing, like going to happy hours. Except for their mortgage, the Troy and Lindsay have paid off all of their debt, contribute to a 401k, and have an $80,000 net worth, including a $15,000 emergency fund. Though they both enjoy their jobs now, Lindsay is a teacher, so Brad suggests considering her pension's "worth vs worth it" as Grumpus Maximus has discussed on the podcast and in his book, The Golden Albatross. Use the 4% rule of thumb to determine what your net worth should be to reach FI. Using the 4% rule, you can withd