Choose FI Podcast

Listen to the latest episodes from one of the top business and finance podcasts in the world!

Little Known Roth Hacks | Ep 210

In Today’s Episode Distributions from Roth 401(k)s are NOT the same as distributions from Roth IRAs. With Roth IRAs, contributions come out first tax and penalty free. With Roth 401(k)s, distributions are subject to the so-called “cream-in-the-coffee” rule – all distributions take out contributions and earnings (which is bad news

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What To Do When The Paycheck Stops With Fritz Gilbert Part 2 | Ep 209

In Today’s Episode Fritz Gilbert Discusses Investing During Retirement The Retirement Manifesto What You’ll Get Out Of Today’s Show How to use the bucket strategy to go from accumulation to withdrawal in retirement. How to handle large expenses, such as buying a car, during retirement. Asset allocation and rebalancing strategy

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There Is No Failing With FI | 208

Bianca shares her story of financial resiliency. As a flight attendant, she reached Financial Independence in her late 30’s after many bumps in the road. Bianca made the choice to become a flight attendant after deciding that a career in education wasn’t for her. After a friend suggested the career

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Student Loan Planner with Travis Hornsby | Ep 202

Travis Hornsby, the founder of Student Loan Planner, joins the show to talk about the impacts of the federal stimulus situation on student loan forgiveness policies. Travis has built a team at Student Loan Planner that helps individuals decide whether or not they should pay back their student loans. For

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Stock Fundamentals With Brian Feroldi | Ep 200

Brian Feroldi stops by to discuss the basics of buying stocks and how the stock market works. What Does It Mean When You Buy A Stock? A stock represents partial ownership in a business. When you buy a company’s stock you have a permanent claim on that company’s assets and

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Making Portfolio Adjustments With Big ERN | Ep 199

Karsten from Early Retirement Now joins the show to share his take on how those pursuing Financial Independence should adjust their investment portfolios based on the recent swings of the market. Big ERN shares that it is unprecedented to see the stock market have such a rapid decline in one

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Living Your Story | Ep 198

A recap of the episode with BigERN, how to save money on your car during the lockdown, and a dive into the mailbag! Resources Have We Seen The Bottom With Big ERN Should I Refinance My Mortgage? Rebuilding A Life You Love With Christine Chase Sapphire Preferred Card Table Of

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Introducing Casual Wednesdays | Ep 197

Why online grocery shopping is actually saving Brad and Jonathan money, how to approach working from home with your boss after things return to normal, and how to claim any unclaimed property. Brad and Laura have been using online grocery delivery since the beginning of the lockdown and haven’t been

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Have We Seen The Bottom? | Ep 196

Big ERN from Early Retirement Now joins the show to share his take on the current market situation. The US economy is seeing a large portion of GDP be slashed in a matter of weeks. With that comes millions of lost jobs. However, the market seems to be recovering well

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The Role Of Bonds In A Portfolio | Ep 194

What if you don’t want to be 100% equities in your portfolio? What role do bonds play in your portfolio? Frank is an active member of the ChooseFI community and has a lot of knowledge in this area. In 2008, read “Spend To The End” that said he should put

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The Market Always Goes Up | Ep 193

A look at investing during difficult times. Does the market always go up? And should you invest a lump sum all at once or slowly over time? Silver Linings Laura cut Brad’s hair for the first time and it went really well! Brad doesn’t think he will go back to

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Freelancers And The Paycheck Protection Program | Ep 192

Travis Hornsby from the Student Loan Planner joins us to discuss the Paycheck Protection Program. The Paycheck Protection Program (PPP) is part of the CARES act that was passed to deal with the economic fallout of COVID. PPP allows small businesses to get a forgivable loan for 2.5 times your

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K-12 Financial Literacy Curriculum | Ep 191

Danielle, Mandy and Rob join the show to share the newly released pre-K through 12 Financial Independence curriculum. You’ll learn more about the curriculum and how you can implement it into your classroom. Danielle, Mandy, and Rob spearheaded the project to build out a Financial Independence curriculum for students in

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Stay The Course | Ep 188

Rick Ferri joins the show to discuss asset allocation. This is second installment of his interview. If you’d like to hear about Rick’s backstory and his views on index funds vs the asset under management model check out his first interview, Escape From Wall Street. Asset Allocation Asset allocation is

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Distance Education | Ep 187

This episode dives into Distance Education with Mandy Bert. She is a mother, an 8th grade teacher in Illinois, and co-creator of the Accidental Homeschooler. A few weeks ago we had Vincent Pugliese on to discuss homeschooling from a parent’s perspective. Today we welcome Mandy Bert to look at the

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Adapting To The New Normal | Ep 185

Dominick Quartuccio from the podcast The Great Man Within joins us to talk about how to process our emotions during these stressful times. First things first, Dominick reminded us that we are all battling the same thing. Allow yourself some slack to feel whatever you are feeling. First, understand where

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Is The FIRE Movement Over? | Ep 183

The Financial Independence movement was born from the 2008 recession, so no, the movement is not going to go away because of another recession. We need this information now more than ever. It’s easy to think that living paycheck to paycheck, or even getting into debt, is ok during good

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The Creative Penn | Ep 181

Joanna Penn shares her story of building multiple income streams and becoming a writer. She outlines how anyone with the passion to be creative can do the same. Joanna did not simply quit her job after deciding to write a book. In fact, she resigned from her career several times

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The Art Of The Pivot | Ep 180

ChooseFI needs your help! If you get value from the work we do here at ChooseFI please consider using one of our affiliate partners. This gives us the resources we need to continue setting the world on FIRE. Cash back credit cards Travel rewards credit cards Credible CIT Bank M1

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Accidental Homeschooler | Ep 179

Resources Vincent Pugliese’s Homeschooler resources ChooseFI’s Accidental Homeschooler resources CIT Bank’s Savings Builder Account A lot of us have become Accidental Homeschoolers recently. Brad has said he’d never home school but is trying not to stress and find balance during the day. Vincent Pugliese, from the Total Life Freedom podcast,

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Important Tax Update | Ep 178

Brad discussed the aggregation of marginal gains and looks at all the little things he does to save money, like searching for coupon codes every time he buys something online. Jonathan encourages you to use this time to do that thing you know you should do but haven’t. He’s also

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This Is Not A Drill | Ep 177

We are starting to adjust to our new reality. Here in the FI community, we think a little bit differently. We can be creative and pivot to this new way of life for the time being. As an example, Brad’s daughters had their piano lessons via Skype. He challenges us

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Flexible Spending Rules For Early Retirees | Ep 176

Micheal Kitces joins the show to share his research on flexible spending rules as they apply to Financial Independence. His call for flexibility could impact your path to FI by several years. Micheal has worked with countless retirees to build plans that allow them to spend their nest egg without

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Financial Resilience in a Bear Market | Ep 172

In this episode, the guys appreciate all the people who have decided to stay home to fulfill their civic duty, and give reasons why we should remain optimistic and to why our long-term investment plans remains the best plan for the future. Related Articles:  Important Tax Update! Financial Resilience –

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170R |A Capital Gains Case Study For 2020

You’ll learn more about the implications of capital gains and the mechanics of tax optimization for these gains. With two case studies, you’ll start to realize the power of optimizing your capital gains strategy. On Monday, we saw the biggest daily drop in the DOW in history. With the extreme

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The Simple Startup | 170

Rob Phelan, author of The Simple Startup joins the show to share more about this new resource that can help anyone learn how to build a business. Plus, he shares the path of creating a financial literacy course for all grade levels that brings in the concepts of Financial Independence.

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169R | Prepared, Not Scared

With a week of market scares, this episode revisits the importance of being prepared, not scared. Plus, you’ll hear about some exciting announcements from the ChooseFI community. With the market drop of 12% this past week, it is easy to panic. However, periodic drops in the market are completely normal.

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169| A Purple Life | Early Retiree Case Study

The anonymous blogger behind, A Purple Life, shares her journey to Financial Independence. With the helpfulness of anonymity, she shares exact numbers including her income, salary negotiations, expenses, and more. A Purple Life opens up about the exact finances on her journey to FI. She set an ambitious goal to

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168R | Prioritizing Your Priorities

With the principles outlined in Make Time, you have the potential to dramatically improve your life in a short period of time. Plus, hear an inspiring FI story and tips for teachers. Jonathan used the principles in Make Time to make big changes to his lifestyle. After building out an ideal day, he

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168| Make Time

John Zeratsky, author of Make Time, joins Brad and Jonathan to share actionable tips to build a framework that cuts through your perpetual state of busyness. John Zeratsky joins the show to discuss the principles in his new book, Make Time.  The book outlines strategies to make time in your life for

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167R | Should I Refinance My Mortgage?

Dropping mortgage rates prompt a conversation that explores the pros and cons of refinancing your mortgage at a lower rate. Plus, Steve Chen from NewRetirement joins the show to share the comprehensive retirement planning tools that his company has to offer. Jonathan was able to lower the interest rate attached

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167 | Learn Hustle Grow

Rob and Reshawn from Learn Hustle Grow discuss combining their finances and building a real estate portfolio. Money Mindsets Rob and Reshawn came from similar backgrounds with teenage single mothers. However, they developed very different opinions about money. Rob’s Journey Rob grew up poor and found his way out of

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166R | It’s A Small World After All

Find out more about the upcoming ChooseFI documentary series, Andrew and Zach’s experiments in Financial Independence, and community corrections. Andrew shares his experience selling plasma as the first of ChooseFI’s experiments in financial independence. Andrew and Zach will be sharing their experiences on YouTube as they document their attempts to

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166 | Modern FImily With Court

Court joins the show to share how she and her wife tackled six figures of student loan debt and achieved Financial Independence in their early 30s with a family. Achieving Financial Independence Although they only spend around $25,000 each year, the family doesn’t feel deprived at all. They have eliminated

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165R | Do You Realize What You Are Doing?

Answers to several reader questions about investing efficiently for your financial freedom. Learn more about low-cost broad-based index funds or if you should max out your 401k early. Recent market volatility has provided an opportunity to test your investment resolve. Any low-cost broad-based index fund is a solid investment strategy,

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165 | Do You Need A Budget? | YNAB

The founder of YNAB, Jesse, joins Brad and Jonathan to share his story. YNAB or You Need A Budget, was founded in 2004 and currently has over 100 employees. Jesse’s Story The need to budget became a reality when he got engaged to his wife Julie. Based on their incomes,

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164R | What Are The 5 Love Languages?

Learn about the five love languages and how they can help you communicate with your partner better. The five love languages are: words of affirmation, gifts, acts of service, quality time, and physical touch. Use these languages to think about Valentine’s Day through a new lens. Resources The Five Love

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164 | Our Rich Journey

Amon and Christina join the show to share their journey to Financial Independence as two federal employees with young children. The couple was able to retire early in just eight years! Finding FIRE Eight years ago, Amon came home with the idea to retire early. The idea was sparked after

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163R | Roth IRA Conversion Ladder Case Study

An updated case study of the Roth IRA conversion ladder and a challenge for the community are some of the topics that Brad and Jonathan tackle. $1,000 Challenge Most personal finance advice starts with building your first $1,000 in savings. However, if you are struggling to get from paycheck to

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162R | There’s Water In The Cup

Join Brad and Jonathan to discuss credit building, financial intimacy, and travel rewards. Family Life Both Brad and Jonathan had difficult weeks due to some medical issues in their families. Thankfully, everyone is on the mend. But Brad is now waiting for a large hospital bill in the mail. That’s

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162 | The Four Tendencies And FI With Gretchen Rubin

Although finding the path to FI can be exciting, it can be frustrating to have difficulty communicating this vision to your family and friends. Gretchen Rubin, author of The Happiness Project, sheds some light on the Four Tendencies or people and how to communicate with each tendency. Gretchen’s Story Gretchen

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161R | Reignite

The announcement of the new FI101 course! Plus a discussion of the power of community and the impact it can have on your finances. Everyday Courage Everyday Courage launched earlier this year. It is off to a great start! It is already in the top 200 in all podcasts and

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