100 | Welcome To The FI Community

Brad and Jonathan look back at the ChooseFI’s growth during the past 100 episodes and hit the highlights of financial independence for new community members and recap their own financial independence journeys.

  • Jonathan considers himself a reluctant frugalist, but the idea of not having to work won him over.
  • Brad and his wife were natural savers, but chose to move from Long Island, NY, so that they could save more and work toward financial independence.
  • If you want to take back your years and have the option to stop working before your 60s, you’re going to have to live differently and make different choices.
  • The key to long term freedom is saving money.
  • The benefits of pursuing financial independence are felt long before reaching FI.
  • Jonathan put himself in a position to leave his pharmacy job when it stopped working for him and his family.
  • A huge quantity of life’s stresses can go away if you’ve got some money in the bank.
  • What you earn minus what you spend = the gap.
  • The goal of the ChooseFI community is to help you grow the gap, and pursue what you’re most interested in.
  • ChooseFI isn’t about the money, it’s a life optimization strategy.
  • Small sacrifices add up in the long term.
  • What is a talent stack, and how did it change Brad’s life?
  • Starting with current income is the wrong place to start calculating the number you need for retirement.
  • FI number = 25 x annual expenses (4% rule of thumb)
  • If you’re only saving 1%, it’ll take you 100 years to replace on year of expenses.
  • Getting as close to possible to a 50% savings rate is when things really start to move quickly.
  • Being rich isn’t watches and cars – it’s money saved and pursuing what’s more important to you in life.
  • What major decisions put Brad on the path to FI?

Listen to Brad and Jonathan's thoughts about this episode here.

Links mentioned in today's show:

Mr. Money Mustache



Your Financial Resilience Toolkit

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10 thoughts on “100 | Welcome To The FI Community”

  1. Congrats guys on reaching episode 100, even though it is actually about 180. love the show and have been an avid listener since I first discovered it which happened to be the Big ERN eposide where he revealed his identity. But I have listened to all of the episodes and often refer back to some of them when I need information on any given subject. Thanks for all you do!

  2. Congrats! Yours is the only podcast I listen to consistently every week. Interesting to hear that the 4% rule includes inflation–that penny hadn’t dropped.

  3. Congratulations on episode 100. I was one of the early listeners. I think I found the podcast just a few episodes in. It’s hard to believe how much the podcast has grown, and also how much interest has grown in financial independence in general.

  4. Congrats on reaching your 100th episode!

    About what you said about having options, I think Tim Ferriss said it best: Options – the ability to choose – is real power. Tim’s quote has been a guiding mantra for me ever since I began my quest for FI. The great thing about the pursuit of FI is that, even if one never achieves it, one will be in a significantly better financial better position than the average American. Because, at the very least, being on the FI path will mean having a safety net in the event of job loss or other financial difficulty.

  5. First time listener here. I come from the Dave Ramsey Community. I am intrigued. I see lots of credit card stuff here. My husband is all about his points with his credit card. Being a Ramsey fan that is an abomination. LOL To think that we could have the best of both worlds is exciting.

  6. I am curious. The episode says you need projected spending in retirement x 25 as your nest egg.

    Does that projected retirement expenses include the taxes you will need to pay each year on The nest egg?

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