How Stopping Drinking Will Make Me $500,000 Richer

How Stopping Drinking Will Make Me $500,000 Richer

At the beginning of my FI journey, I basically reviewed each element of my life. I sorted these elements into two distinct buckets–things that added value to my life and things that didn’t. The things that added value to my life were things such as family, friends, health, exercise and financial security. The things that didn’t add value to my life were things such as excess spending, trying to keep … Read more

Get The BEST Price On Life Insurance With Policygenius

Get The BEST Price On Life Insurance With Policygenius

Understandably, this time of crisis has made a lot of members of our community think more deeply about emergencies and how to protect our families. One of the biggest emergencies a family can face is the death of a loved one. I have very optimistic outlook on life, but I still plan for different possibilities and I want to assure my family is safe even if something goes wrong. A … Read more

Why You Should Never Buy A New Car

Why You Should Never Buy A New Car

This article was written by Jon, a member of the ChooseFI community, in response to the podcast episode 29R. Episode 29R: The Reluctant Frugalist vs. the Aspiring Minimalist deals with a host of issues. But, the one I’ll discuss today is the age old question: Which will save me the most money, buying a new or used car? I can understand the fear and frustration of having a car that … Read more

Guest Post: What I’ve Learned From ChooseFI

What I've Learned From ChooseFI

This is a guest post from a listener of the podcast. He’d like to remain anonymous for now, so he’s going by the name MrSeabiscuitman. To further protect his identity some of the details in his story have been changed. We’ve used an asterisk (*) to point out when we have changed a detail. My background I’m currently 29yrs old, and up until the age of 23 had grown up … Read more

076 | Planned Spontaneity | Mrs. Adventure Rich

076 _ Planned Spontaneity adventure Rich

Mrs. Adventure Rich talks about making the choice to live an adventurous life, her family’s pursuit of financial independence, and finding a balance between maximizing financial opportunities and living a happy, fulfilling, high quality of life. Mr. and Mrs. Adventure Rich are anonymous bloggers from Michigan, who are pursuing both financial independence and living a life of daily adventure. How did Mrs. Adventure Rich get started on the path to … Read more

075R | Mainstream Adoption

075R Mainstream Adoption

“Personal finance is becoming financial independence.” Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit. This is just a taste of what we discuss in this recap from Monday’s interview with Brian Feroldi from The Motley Fool. Jonathan talks about blowing his budget on breakfast at the cold bar in Wegman’s, while Brad thinks that grocery shopping at Wegman’s is the … Read more

What To Do When You Get Stuck In Your Starter Home

What To Do When You Get Stuck In Your Starter Home

Sour Lemons There is an old saying that goes, “when life gives you lemons, make lemonade”. Sometimes you’ll face undesirable situations, but the saying urges you to stay positive and make the best of those unanticipated events. I’d say my current housing market is pushing me to make the best of my situation. Below is insight into my housing purchase and my family makeup. And how we have changed our … Read more

The Breakdown Of Our Budget–Why Following A Budget Doesn’t Always Work

The Breakdown Of Our Budget--Why Following A Budget Doesn't Always Work

After months of pushing to reduce our expenses, I have recently come to the realization that we can’t really cut them down anymore. We have a budget and we largely stick to it, but I don’t think those expenses can be reduced much further. Below, I will lay out our monthly expenses and then discuss why it doesn’t really matter anymore! The Budget Breakdown Mortgage: $1,853 (We live in the … Read more

How To Lower Your Healthcare Costs

How To Lower Your Healthcare Costs

After meeting some people at CampFI and talking about what I do for a living, I was encouraged to write an article about ways to be a smart consumer of healthcare. I work for a broker/third-party administrator and we insure a lot of small businesses. I know a lot about health insurance, at least in Ohio. Healthcare Cost According to the National Conference of State Legislators (NCSL), the average annual … Read more

075 | The Unfair Advantages Of The Individual Investor | Brian Feroldi

Brian Feroldi talks through the advantages and disadvantages of individual investing, the realistic expectations for performance, and his strategies for beating Wall Street. How did Brian find the FI community? How did Brian start investing, and how has his strategy changed? Brian still focuses his investments on index funds, but has found that well researched and intentional investment in individual stocks can be really successful. Professional money managers operate under … Read more