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038R | Firewalker

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In today’s podcast we discuss Episode 38 The Why of FI plus we announce three of the finalists for the business building competition with Alan Donegan of PopUp Business School and a voicemail from community member Geoff.


Podcast Episode Summary

  • Discussion of Episode 38 on the Why of FI
  • Jonathan’s Frugal Win of the Week at Costco by saving on protein bars
  • Jonathan’s nutrition goals and the underlying concepts of simplicity and removing decision fatigue
  • How unusual it is that the FI community is outside the mainstream by saving money whereas the norm is spending every dollar you have
  • The elevator pitch for Financial Independence
  • Brad believes the psychology behind the Why of FI is more important than the actual numbers
  • Numbers will always be a focus as is saving money, but the psychology is essential
  • How has Jonathan’s focus changed since the beginning of his FI journey and since the beginning of ChooseFI
  • Jonathan has latched onto the ideas of simplicity and happiness
  • The new concept of the FireWalker, as coined by our community member Cody
  • Has Jonathan shifted from being a spender fundamentally?
  • How has the journey impacted Brad?
  • Brad’s thought about community and connection matter more than he even thought
  • The connections that are made possible due to the ChooseFI community
  • Local community meetups and our request for community leaders throughout the country and world
  • Everything is connected with FI as a life optimization strategy
  • Voicemail from Geoff about sequence of return risk and working towards a minimalist lifestyle and how to optimize life
  • What do you have control over? Focus on that
  • Cutting expenses and getting your lifestyle creep under control
  • The 4% rule explained
  • Geoff’s plans for different scenarios and his budgets
  • Geographic arbitrage for moving to low cost of living area
  • Think in advance for different situations you may face in the future
  • Competition with Alan Donegan from PopUp Business School: We play 3 of the finalists that were picked by our panel
  • Giveaway winner for the free Camp ticket in Florida in January
  • Book giveaways
  • Vote for the Plutus Awards to support the many bloggers who are active members of our community

Links from the show:

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Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Disclosures.
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