112R | Planned Obsolescence

112R | Planned Obsoleteness

An evaluation of the long-term savings that result from driving old cars, a review of how Naseema McElroy has optimized her finances and reversed lifestyle creep, and a series of voicemails and messages from the ChooseFI community. Planned obsolescence is the idea that a company makes something knowing that you will have to replace it in a relatively short time period. ChooseFI started a new DIY Facebook group to help … Read more

112 | Naseema Financially Intentional | How I paid Off 1 Million In Debt

112 | Naseema Financially Intentional | How I paid off 1 million in Debt

Naseema McElroy, a registered and practicing nurse and blogger at Financially Intentional, explains how to accumulate $1 million in debt, and how she earned her freedom through financial independence. How does someone accumulate $1 million of debt? Naseema is from West Oakland, Ca., where she was taught to either join the military or go to college. She attended the University of Southern California for both her undergraduate and graduate degree, … Read more

111R | Make the Impossible Possible

111R | Make the Impossible Possible

Jillian from Montana Money Adventures gives advice for laying out roadmap in your life, right after and Brad and Jonathan review Monday’s episode and highlight activities from several local groups around the globe. Brad and Jonathan reflect on last week’s episode with Billy Banholzer. Video Clip of the Week demonstrates grit persistence and the removal of limiting beliefs A video inspires Brad to learn swimming from his daughter. Your current behavior … Read more

111 | The Lost Decade | From Prison to FI | Wealth Well Done

The Lost Decade | From Prison to FI | Wealth Well Done

Billy B., a writer, entrepreneur, and blogger at Wealth Well Done shares his story of finding freedom in prison, starting over in his 30s and pursuing financial independence despite the setbacks. Billy was given a 10-year prison sentence at 21, just before he was supposed to graduate from college. Life was electric when Billy was using drugs and attending rave concerts – he was living the life he wanted to … Read more

110R | Change The Input


Voicemails from the ChooseFI community about saving on grocery bills, making life changes to optimize your circumstances, and a travel suggestion, as well as a review of Monday’s episode and updates from Brad and Jonathan about bills, travel, solar panels and more. Brad reviews his experience at CampFI in Florida last week. The community aspect of CampFI is really rewarding for Brad, who already knew a handful of attendees and … Read more

110 | A Millionaire Next Door Case Study | Rocky Lalvani

110 | A Millionaire Next Door Case Study | Rocky Lalvani

Rocky Lalvani, blogger at Richer Soul, shares his story of growing up as an immigrant’s child, learning how to save money in his early years, and how he’s teaching his own children about finances now. Rocky’s parents came to the U.S. in 1968, when Rocky was 2 years old. Among Rocky’s parents’ friends and their community, money was an open topic, and in pursuit of the “American Dream” his family … Read more

109R | “Bear” Perspective

109r bear perspective

Big ERN from Early Retirement Now joins the show to talk about the current market climate: How is it impacting investors, who could benefit, and what markers he uses to evaluate its actual condition? We also share a voicemail from Abby, who provides a few more helpful hints for teaching abroad. Topics from the show: Brad maxed out his HSA for 2019, and talks about how he’s prioritizing fitness. Easy … Read more

109 | Exploring International Teaching Opportunities | Scott & Rob

109 | Exploring International Teaching Opportunities | Scott & Rob

Scott, a math teacher in Santiago, Chile, and Rob, a blogger at Getting Canned, share their experiences teaching abroad, including the financial and lifestyle benefits, and the how-to for making it happen. Scott Barrett, Brad’s brother, completed a bachelor’s in psychology, then earned his masters for free through the New York City Teaching Fellows program, then taught for three years in the city. When Scott finished his education, he had … Read more

108R | How to Calculate Your Savings Rate

108R | How to Calculate Your Savings Rate

Brad and Jonathan talk through the various methods of calculating a yearly savings rate and the numbers necessary to do so, and review Monday’s episode about setting up special needs accounts. Jonathan is back from 20 days with family in Zimbabwe, and Brad recaps his Christmas vacation. Brad and his family added 12 board games to their collection. William, from Monday’s episode, set out a road map for people who … Read more

108 | Setting up a Special Needs Trust

108 special needs trust

William McVey, ChooseFI’s Chief Technology Officer, walks through investment options available to meet the financial demands of special needs children and the strategies he’s used to prepare for his children’s future. Although he is financially independent now, William didn’t put much thought into finances until 2014, after his wife passed away. William was motivated to learn more about managing his own finances when he realized how much money he was … Read more