In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values.
This week, we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but they have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life; once you have that freedom, take advantage of it like Allen’s!
Timestamps:
- 1:28 – Introduction/The FI Mindset
- 9:24 – Budgeting/Wants and Needs
- 15:37 – Side Hustles
- 21:54 – Financial Literacy to FI
- 24:28 – Tax Planning/Travel Rewards
- 30:27 – College Hacking
- 43:05 – Living Your Values and Taking Time Off
- 50:47 – The Importance of Knowing the Rules
- 55:21 – Traveling Like a Pro
- 68:43 – Conclusion
