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
The SEP IRA vs. Solo 401(k)–which is the best retirement plan if you’re self-employed? In truth, you can’t go wrong with either. They’re the very best plans available for the self-employed, especially if you’re a sole practitioner But, let’s take a close look at each and see where they’re similar,
Why Choose FI ? What’s wrong with following the traditional path and retiring at 60? Nothing’s wrong with that! In fact, you can still reach FI and continue to work. FI is simply a life of financial independence–a life without debt, monetary concerns, and over consumption. Everyone has a different
Since the 90’s The Dave Ramsey Baby Steps have been synonymous with personal finance for middle-class America. I’ve listened to many podcasts and I’ve read many blogs, and Dave Ramsey’s name stands out above most others. Brad and I are a 6th or 7th generation media personalities. I don’t want
With some serious career hacking in 2017, I started out 2018 debt free! You need to understand the gravity of that first statement–I own my entire income. I get to choose where my paycheck goes and I choose FI! I have pretty much been in debt from the age of 18, when
Upon reading the title of this post, you’re probably wondering: Why would I want to work in the trades? Well, for me, I knew I needed to do something physical. I like to move, and sitting behind a desk all day holds negative appeal for me. Why would you want
By now, you’ve all likely heard the Pillars of FI episode where Jonathan and Brad discuss the building blocks of financial independence. For those of you who haven’t–Jonathan sums up the idea of FI nicely: …instead of focusing on buying stuff to make up for my unhappiness, what if I
If there’s a fly in the early retirement ointment–other than accumulating the portfolio needed to make it happen–it’s planning for healthcare. While you’re an employee, you can take advantage of employer-sponsored health insurance. Since it’s a group plan, and usually subsidized by the employer, it’s less expensive than coverage you
Shortness of breath, chest pain, numbness or tingling, nausea and cramping. These aren’t just a list of symptoms on the latest drug infomercial. These are also the symptoms of logging into your online bank account. This is likely how you feel when that credit card statement arrives, or when you
Today we recap Monday’s episode with Cory Mascara about mindfulness with FI, a voicemail about a medical tourism hack and a method to teach your kids money management at a young age. On today’s show we cover: Links from the show: ——————- Thank you for being a part of the
Hello, and welcome to the DIY sector of the Financial Independence arena! I will be presenting DIY skills, tips, tools, and other tidbits as we embark down this vein of the FI rabbit hole. Who am I? Let’s start with a little bit about me, shall we? I grew up
About 40% of Americans make a New Year’s resolution, and about 90% break them. Following their suggestion, I decided to have an action plan for the coming year and, hopefully, stick with my resolutions. Track My Spending For a Year Thanks to RPF Episode 506 for crystallizing this idea for
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