066 | The Emergency Fund…Is it a Bad Idea? | Big ERN The Reveal

The Emergency Fund - ChooseFI

Big Ern reveals his identity, explains the different anxieties of retiring early and the opportunity costs of having an emergency fund. What you’ll hear in today’s show: Big Ern’s background story Why he’s revealing his identity Why he decided to be anonymous in the first place How much his blog has to do with his job The different anxieties he’s been through The risk of retiring at the peak of … Read more

Get A More Unique Ring For Less: Engagement Ring Alternatives

Get A More Unique Ring For Less: Engagement Ring Alternatives

Getting married should be a joyous time, when all you want to do is celebrate your love with those closest to you. But nowadays, it’s become a financial matter. It’s not just about if you should invite old high school friends to the wedding, it’s about if you can afford to do so. And it all starts with the engagement ring. According to wedding website The Knot, the average cost … Read more

Pay Less For TV: The 3 Best Cable Alternatives

Pay Less For TV: The 3 Best Cable Alternatives

In 2018, the average cable bill was $107.00 per month. This is a large amount of money to spend just to flip through channels, desperately looking for something to watch. While many of us still enjoy the luxury of having cable, many people are deciding to cut the cord. With the abundance of alternatives to cable, it is no surprise that consumers are finding ways to get exactly what they … Read more

Creamy Butternut Squash Soup With Pomegranate And Arugula

Creamy Butternut Squash Soup With Pomegranate And Arugula

Stretching our money as far as possible, while still eating well, can be difficult. Food just gets more and more expensive every day. But we don’t have to cut corners to still be FI, eat some really great food and keep our health and finances in check. Soup is one of our favorite go-to options that meets all of our recipe requirements. Especially when it is cold outside! In our … Read more

FI Friendly Alternatives To Expensive Weddings

FI Friendly Alternatives To Expensive Weddings

A recent article in Business Insider estimates that the “average” wedding in the U.S. is anywhere from $25,000 on up to $33,000+. Yikes! If you’re on the path to FI, that is likely not the plan you have for beginning your future together. Some might suggest a FI-friendly wedding would be to go down to the courthouse; and your wedding will cost as much as it takes to file the paperwork and … Read more

152R | Can I Retire Yet?

152R | Can I Retire Yet

Big ERN comes on the show today to break down the numbers of Becky’s retirement plan. He works through their real numbers to determine how solid their retirement plan is. Taking Stock A lot of retirees have this fear of touching their principal and part of it is justified. But there is also part of it that is unjustified, right, because unless you have a constraint that you have to … Read more

Bridging The Gap Between Dave Ramsey And The FIRE Community

Bridging The Gap Between Dave Ramsey And The FIRE Community

“You know who Dave Ramsey is?” That simple question can cause a lot of controversy or an instant bonding. The same might occur when the topic of FIRE comes up. For those of us that belong to one of these communities, it is easy to feel as though you found something special. Something that is truly life-changing. But what happens when you discover the other community and aren’t sure where … Read more

Why You Should Look At Retirement As An Expense

Why You Should Look At Retirement As An Expense

Recently, the ChooseFI team received an email from Anders Skagerberg, a fee-only financial planner based in Salt Lake City. Anders describes himself as a “ChooseFI faithful” and says that he and his business partner, Brett, are always trying to motivate young people to get excited about financial independence. One of the strategies that Anders uses with his clients is to get them to think of “retirement as an expense.” In … Read more

139R | Time Is On Your Side

139R Time is On Your Side

Jonathan and Brad discuss saving time and the secondary good market as a potential side hustle opportunity. Reclaim Your Time Last week, Jonathan ended up at the DMV on a Friday afternoon with a crazy wait time. What should have been a quick trip turned into an ordeal worth avoiding. After the painful trip, Jonathan did some research into when you should go to the DMV. You should avoid the … Read more

126R | What Is An Annuity

126R | What is an Annuity

Brad and Jonathan tackle a listener question about annuities and discuss some updates to the travel rewards landscape. Second Generation FI Many people in our community struggle with how to pass along the lessons of FI to their children. Brad shared stories about passing FI lessons along to his children. The little things really are the big things in life. Brad and Laura take the opportunities to teach their kids … Read more