ChooseFI

By: ChooseFI
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  • Summary

  • How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.
    © 2019-2023 Choose FI. All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided.
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Episodes
  • 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 mins
  • 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 mins
  • 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 hr and 9 mins
Career Success Economics Personal Finance
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Profile Image for Ashley

Relatable, educational, fun!

Jonathan does an amazing job cultivating insight from his guests. He actively listens to understand and asks clarifying questions. I love listening and learning on my FI journey!

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Profile Image for teresa corbett

A fantastic perspective adjuster!

There's so many nuggets I'm glad I now know! Here's to the future! Thank y'all!

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Profile Image for Britni

love these guys and the subject

starting from the beginning years later i love the topics and how down to earth they are. I know they are way beyond this point now. hope that doesn't get to their head. but awesome so farr

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Profile Image for Timothy Hayes

Excellent information

So far this podcast has been life changing. I have learned so much about reducing debt, increasing income and so much more.

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