How To Save Time And Money With A Capsule Wardrobe

How To Save Time And Money With A Capsule Wardrobe

Having a capsule or minimalist wardrobe can be a great way to save time and money. Especially, if you don’t find a lot of value in pawing through a closet full of clothes to get dressed in the morning. If choosing what to wear is the highlight of your day, you can still benefit from being intentional about what’s hanging in your closet. Such benefits are cutting down on the indecision … Read more

Freedom Is Not Found At The Store: A Shopping Ban Experiment

On episode 81 of the ChooseFI podcast, Brad and Jonathan interviewed Cait Flanders, author of the book, The Year of Less. In this book Cait detailed her journey with consumerism and debt, and her path to freedom from both. She experimented with lifestyle changes, did some soul searching, and even implemented a year long shopping ban. In 2014, Cait embarked on her first year long shopping ban. Her experiment was … Read more

How To Be Minimalist With Minimal Work

How To Be Minimalist With Minimal Work

Minimalism is not for everyone–but most of us can benefit from the lightness that comes with decluttering. Simplifying allows us to see our spending patterns more clearly, and make our daily routines seamless. Oddly though, most of our physical baggage is weighed down in emotional baggage. Many of us hold onto things we don’t actually want or need because we feel obligated to keep it, or tell ourselves it will … Read more

Frugal Holidays: How To Get Your Family On Board

Frugal Holidays How To Get Your Family On Board

Ah, the holidays–the pinnacle of excess eating and spending before everyone wakes up on January 1st with an emotional and literal hangover, with a resolution that it will “totally be different this year!” Cynicism aside, the holidays can and should be aligned with the FI mindset. It’s a time to connect with loved ones, put value in moments together and enjoying meaningful traditions. For some of us though, we might … Read more

Live On Half Your Income And Change Your Finances Forever

Live On Half Your Income And Change Your Finances Forever

If you’re looking to live on half your income, you will need to make some adjustments to how you live, work, and stay entertained. I won’t sugar coat it, living on half of your income will challenge everything about your life, but it will be so worth it in the end. Because living on half your income also means saving half your income! And you don’t have to make all … Read more

The FI Roadmap For Your 20’s

The FI Roadmap For Your 20's

If you’re reading this in your 20’s, you are on a path that many of us envy–the chance to start working towards FI with time on your side! You may be coming to the FI path at this age after getting into loads of student loan debt, or, you may be starting your journey at a fabulous $0 net worth with no debt whatsoever. No matter where you’re at, your … Read more

How To Buy A Used Car

How To Buy A Used Car

One frequently touted tenant of the FI community is that you should never buy a new-to-you car if you can help it. Since most of us know that beyond safety and the ability to get you from point A to point B, cars are mostly status symbols on wheels that aren’t a great return on your investment. Any new car that has bells and whistles or a fancy brand name … Read more

The Best Board Games (According To You)

The Best Board Games (According To You)

You have likely heard time and time again, the love Jonathan and Brad have for a good session with a board game (take a listen to Episode 64R!). For someone who wants to be intellectually stimulated and off of their electronic devices and screens while taking in some good together time with friends and family, nothing beats a good board game. ChooseFI Facebook group recently shared their favorite board games, and … Read more

How To Be Thankful For Your Finances (No Matter What Stage You’re At)

How To Be Thankful For Your Finances (No Matter What Stage You’re At)

Thanksgiving, whether you celebrate it in Canada or the States, is often a holiday that is already overshadowed by the consumerist binge fest that surrounds Christmas–but for FIRE enthusiasts, it really is the best holiday of the year. The FIRE path is often a long one, and sometimes a challenging one. While it’s easy to get down about how long the journey is or our personal missteps along the way–in … Read more

Go Camping On A Budget

Go Camping On A Budget

Camping is awesome! It’s a great way to make a staycation into a real vacation even if you’re only 15 or 20 minutes from home. Plus, if you’re a parent–it’s a great way to teach your kids about survival skills, how to identify flora and fauna, and mainly, get them off their screens for a bit without having to beg. A win-win! Here are our favorite hacks to camp on … Read more

Look Great For Less: Ideas To Save Money On Grooming

Look Great For Less: Ideas To Save Money On Grooming

Everyone who is saving for early retirement has their own idea of what it takes to look their best. Some FI community members are recovering spenders who can’t imagine painting their own nails, yet others have gone au naturel so long they can’t even remember the last time they got a haircut. Whatever your ideas are for saving money on grooming, self-care, and beauty–you can always squeeze just a little … Read more

Scary Money: Overcoming Your FI Fears

Scary Money: Overcoming Your FI Fears

Halloween is quickly approaching, so while your Netflix queue may be filled with frightful flicks about phantoms and ghouls–you don’t have to be freaked out about your FI plan! Many of us encounter some fear and uncertainty when we plot a course towards FI. We might be worried we have calculated our numbers wrong, we haven’t anticipated all the uncertainty, we’d lose friends along the way, or even an especially … Read more

Four Ways To Monetize A Blog

Four Ways To Monetize A Blog

Starting a blog can be a great low-cost way to experiment in side hustling and entrepreneurialism. Since you can still maintain a day job, blogging allows you to work a day job. During your nights, weekends, or between errands with family, you can write articles, build an audience, and start conversations on social media to build your brand. It’s a great way to also pick up some extra skills (a … Read more

Books To Kick Start Your Side Hustle

Books To Kick Start Your Side Hustle feat-min

Side hustling truly is FI’s secret weapon. Working your day job can help build security into your life, and of course–perks like health insurance, a 401k match and a reliable paycheck. As great as that security is, it can be deflating to realize you may be locked into a pay grade for some time, and you won’t be able to grow your income as fast as you’d like. Side hustling … Read more

You Can Pursue FI–Even On One Income

You Can Pursue FI--Even On One Income

There are a variety of reasons why a couple might consider living off of one income, which can be a bit more challenging for both parties if you’re also striving towards an early retirement date. If you are in a season of your life where an aging loved one needs more care, one spouse is going through some health problems or job loss, or your growing family needs more attention–it … 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

The Aggregation Of Marginal Gains

The Aggregation Of Marginal Gains feat

The aggregation of marginal gains is a concept made famous by British cycling coach Dave Brailsford, who eventually lead the British cycling team to take home 10 gold medals at the 2008 Beijing Olympics. Previous to this victory, the team had not been able to pull off any significant wins. Brailsford believed that victory at the Olympics would be achieved by focusing on a 1% margin for improvement in everything … Read more

50 Ways To Improve Your Finances By 1%

50 Ways To Improve Your Finances By 1% feat-min

Shaving 10 to 20 years off of your retirement date is one of those eye opening ideas that might keep you up at night.  It’s just so exciting! Of course, anybody on the path to FI also knows that after the enthusiasm of a new way of thinking wears off, the journey to FI can start feeling more like a slog. If that’s you and you feel that there’s just … Read more

Frugality Without Deprivation

Frugality Without Deprivation feat-min

For some, frugality sparks images of wearing threadbare socks, living without heating or cooling, and eating a diet of rice and beans in order to pinch every penny to an extreme. Some of us may have lived with a parent or grandparent who instilled in us that frugality is a form of punishment or extreme deprivation, but luckily, it doesn’t have to be. For people in the FI community, frugality … Read more

How To Save On Travel With Airbnb

How To Save On Travel With Airbnb feat-min

Never stayed in an Airbnb? Let me see if I can convince you of the merits of staying with locals in the new home-sharing economy! As both a regular traveler and an Airbnb host here in San Antonio, Texas–I’ve done my fair share of Airbnbing on both sides. I love that I can still see some of the most expensive cities in the world, but still save for early retirement … Read more

When FI Is Lonely & What To Do About It

When FI Is Lonely & What To Do About It

When you first discover the financial independence community and a path that’s different from the mainstream, it might feel like a thunderclap that wakes you from a long sleep. For others, discovering this path was simply putting a name and community to something they’ve identified with for a long time. If you fall in the first category, and FI has given you a new zest for life, you might find … Read more

How FI Is Different From Personal Finance

While Financial Independence (FI) is personal finance, personal finance is not always FI. Many people come to the FI community and way of thinking because of an interest in money, or perhaps because they’ve worked through Dave Ramsey’s “Baby Steps” and now want to level up their money savvy. But FI is not just about finance. It’s more! FI Is Personal Finance 2.0 FI is different from personal finance, and … Read more

Safety Tips For Traveling With Airbnb

Twenty years ago, if you wanted to cut your lodging costs to see the world, you had two choices–hotels or hostels. Now, with the popularity of Airbnb for affordable and alternative experiences, we have more choices to curate our travel experiences to our budget and our expectations. Much like online dating, staying in a stranger’s house has become far less taboo than it once was. Additionally, it also opens up … Read more

Talent Stacking To Fast-Track FI

The concept of “talent stacking” was originally coined by the creator of the Dilbert comics, Scott Adams, who touted the value of taking a set of connected (or even some unconnected, but relevant), ordinary talents and combining them to create one extraordinary person. An example of a talent stacker would be an insurance broker with a podcast and a knack for public speaking, or a school teacher who knows how … Read more

How To Be A FI Minimalist (Without Being A Minimalist)

How To Be A FI Minimalist feat

Brad and Jonathan discussed the “aspiring minimalist” versus the “reluctant frugalist” on episode 29 of the ChooseFI podcast. If minimalism struck your curiosity and you’d like to dive head first into minimalism, or simply dip your toes in the water–this article is for you. Being a minimalist, traditionally, has been about paring down your collection of stuff to the absolute essentials–sometimes, to a fault. Everything in your possession is being … Read more

House Hacking With Airbnb

House Hacking With Airbnb

If you already own a single family home and aren’t in the market to be a duplex or another multi-family home anytime soon, you may feel that you have missed the boat on house hacking. Fear not! You absolutely can take advantage of the magic of househacking if you have a pool house, or even a spare room. If you have a room that’s usable for a guest–you too can … Read more

You’re Debt Free, Now What?

Debt free

You’ve worked hard for months, possibly years, to become debt free. For some of you, this may mean you’ve paid off your student loans and credit cards. And for others, it means you have tackled your mortgage as well. “Debt free” is a term that means different things to different people, but if you’ve been laser focused on a particular goal for a sizable amount of time and you’ve crossed … Read more

What Does Retirement Really Mean?

Ah, early retirement! Pitch your hammock right now, because you’re not going back to the cubicle like everyone else! That sounds amazing doesn’t it? Many aspiring FIRE walkers (as we’re lovingly called) latch on to the idea of retiring early with glowing fervor because it would be so absolutely nice to kick our feet up and relax a bit before we’re in our 70’s. For us, we’d like to have … Read more

How To Get Books For Free (Or Crazy Cheap)

How To Get Books For Free (Or Crazy Cheap)

If you’re an avid reader, or want to instill a love of literacy in your children, new books can be mighty pricey. While most of us bibliophiles love the exciting allure of a well organized bookstore, most of us do not love the price of a brand new hardcover! If this is you–read on to see how you can get books for free, or crazy cheap! The Library This one … Read more

What Is House Hacking?

House Hacking

House hacking. You’ve heard about it, and people in the ChooseFI community gush over how awesome it is. So, what the heck is house hacking and how can you do it? So, What Is House Hacking? House hacking is a term used by both real estate investors and the Choose FI community pretty regularly. Traditionally, house hacking refers to buying a multi-unit home (as opposed to single family home) and … Read more

Why A Side Hustle Is FI’s Secret Weapon

Secret Weapon

There is magic in the side hustle. If you’re on the path to FI like most of us are, and you’re not already making six figures with three rental properties already under your belt, side hustling can be a lever to FI you’ll want to pull. Honestly, there’s only so much you can do to cut costs, even with awesome ways to cut recurring expenses like house hacking and going … Read more

How To Eat Frugally While Traveling

Honestly, part of the best thing about travel is the ability to try new, delicious foods. But, if you’re traveling somewhere that’s not known for its culinary scene, or you’re spending a lot of time (and money) to even get to your dream destination, you’re likely spending a good wad of cash on pretty sub par airport or gas station food just to get where you’re going! If that’s you, and … Read more

How To Build A Perpetual Money Machine

How would you live your life if you knew you were the owner of a money machine that perpetually put out enough for you to cover your expenses, year after year without having to work? As long as you maintain the machine, it keeps pumping out money to cover what you need to live. Pretty fabulous isn’t it? The concept of the perpetual money machine is essentially the bedrock concept … Read more

How To Get Your Spouse On Board With FI

How To Get Your Spouse On Board With FI

So, you’re absolutely fired up about FI, but your significant other or spouse totally isn’t. You’ve devoured dozens of podcast episodes and poured over FI blogs and perhaps even contemplating what you’d do in your post-retirement life. Anyone who is within earshot can hear you drop terms like “house hacking” and “geo-arbitage” that are now fully integrated into your lexicon. Of course, you may be super excited about discovering an … Read more

Beyond Stoicism, Building Your Unique Path To FI

Beyond Stoicism

On Episode 52, Brad and Jonathan sat down with Todd Tresidder from the Financial Mentor to discuss the FI State of the Union. They discussed that there was currently a one dimensional path to FI, popularized by Mr. Money Mustache and widely followed and his fan base that involved stoicism and low-cost index fund investing. Stoicism from the Mustachian point of view, involves being happy with less and avoiding the endless … Read more

The “Baby Steps” Of FI

The Baby Steps Of Financial Independence

“Baby Steps” is a term popularized by Dave Ramsey to teach people a step-by-step process to help them pay off debt and take control of their finances. Perhaps the Ramsey way of thinking lead you to the financial independence movement and you’re looking for something more, or maybe you’re starting on your own financial journey from day one and need some next steps to get inspired, FI style.  The goal of … Read more

Top Recommended Books To Start Your FIRE Journey

Top Recommended Books To Start Your FIRE Journey

If you’re just getting started on the path to FI and are hoping to reach financial independence and dream of early retirement, there are a lot of helpful books out there to frame up your journey and keep you motivated along the way.  Additionally, if you know of anyone who is interested in FI/RE and you want to send a useful book their way, the recommendations below are intended to … Read more

Is It Worth Giving Up Stuff You Love To Reach FI?

Is It Worth Giving Up Stuff You Love To Reach FI?

Should you give up stuff you love to reach FI/RE? The answer to this question is as simple as it is ambiguous–“well, yes you do, and also no you don’t.” If you’re on the FI/RE path and you’re wondering if it’s okay to still have two cars, hire a nanny, pay for a cleaning service or spring for a spa visit, read on. FI Is A Continuum & A Process Most … Read more

How A Beginner Went To Paris Using Travel Rewards

How A Beginner Went To Paris Using Travel Rewards

This article was written by a member of our Facebook group, Shannyn Allan. Here’s her story of how she used travel rewards take a dream trip to Paris. The ChooseFI community is a vibrant space that’s full of really smart people who are thinking about their goals differently than most of the mainstream. When I discovered this community, I was inspired by the general attitude that you can approach any … Read more