006 | The Power Of Partnerships | ChooseFI Origin Story

Find a Partner and Start a Business

We share the origin story of ChooseFI. The how and why we decided to partner on this The Power of Partnerships How Brad and Jonathan met Our decision to partner up on Choose FI The importance of taking action The value of personal relationships in an online world What to look for in a partner Complementary skills and how it can help beat the learning curve How to find a … Read more

005 | Why Everyone Needs Dave Ramsey and Why You Should Ignore Him

Why Everyone Needs Dave Ramsey and Why You Should Ignore Him

We discuss where ChooseFI and Dave Ramsey agree and disagree. Dave Ramsey and Jonathan’s history following him Dave’s unyielding stance on debt: don’t do it Review and evaluate Dave’s teaching philosophies Baby Step 1: Get an emergency fund of $1,000 Baby Step 2: Pay off all your debt except for your mortgage Explanation of the Debt Snowball Our hybrid approach to the Debt Snowball vs. Debt Avalanche Advice isn’t “one … Read more

M1 Finance Review: Completely Free Investing

M1 Finance Review - Completely Free Automated Investing!

It’s no secret that investing can be complicated. So anytime it can be made easier, folks get pretty excited. That’s why there’s been a lot of hype about M1 Finance. Table Of Contents What Is M1 Finance Why M1 Finance Investing With M1 Finance M1 Borrow M1 Checking Account How To Get Started With M1 Finance Pros Of M1 Finance Cons Of M1 Finance How Does M1 Finance Make Money? … Read more

004 | Get Off The Hamster Wheel | Jonathan Backstory

how-to-pay-off-student-loans

In Today’s Podcast we cover: Jonathan shares his origin story from and how he graduated from pharmacy school in 2013 with $168,000 student loan debt and how he payed them off in less than 5 years How did he get to that point? ‘Followed the rules’ to get his pharmacy degree but came out owing $1,000 per month in interest You don’t have as much money as you think: the impact … Read more

003 | Let’s Talk About Fees | Why Investment Fees Are Evil and How to Avoid Them

only-use-index-funds

Learn how devastating Fees can be to you net worth and how to avoid them How to invest your 401k?  Nobody knows! Index funds and low cost ETFs are the way to go Readings that changed our investing trajectory Who outperforms the market?  Nobody.  Hold the course and buy the entire US market. You aren’t going to find a brilliant financial advisor who can outperform the market Running an investment … Read more

002 | Why Failure Matters | Brad Backstory

how to succeed through failure

Brad Barrett’s shares his entrepreneurial journey online Learning about online business from Tim Ferriss Drop shipping business online with firewood racks bought from Flippa SEO strategies and getting crushed for black hat tactics Skills learned, even from ‘failures’: ability to create websites Takeaways for Brad in failures. Starting a new project: Personal finance site called Richmond Savers Getting local media attention The value of personal relationships, even in an online … Read more

Get Started On The Path to Financial Independence With ChooseFI | 001

choosefI-finance-podcast

Introducing a Finance Podcast by FIRE for FIRE Welcome to the first ever ChooseFI podcast episode. Jonathan and Brad lay out their mission and goal for this podcast and this community. over this years this podcast has reached millions of listeners around the world and this is the episode that started it all Why does this Podcast Exist? This is a finance podcast by the FI community and for the … Read more

Welcome to the Fishbowl: FI Experiments for 2017

welcome-to-the-fishbowl

We started ChooseFI.com as a financial independence laboratory.  While many aspects of your journey to FI are simple (save a significant percentage of your income, invest most of your money in low-cost index funds, max out your 401k, etc., etc.) there is still a lot of room for experimentation, especially on the making money side of the equation. We know you might not have the time or resources to run … Read more

Congratulations! You’re Broke

Congratulations you're Broke

Well, maybe things aren’t so bad. As of July 4th, 2016 my retirement accounts matched the remaining balance on my student loans. Neither of those numbers is particularly impressive but it allows me to claim a net worth of $0. Net worth is a snapshot in time, it does not define you or even give you a good idea of where you are going. Instead, we need to look at savings rate and the trend over time

Read moreCongratulations! You're Broke