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

Dave Ramsey Baby Steps ChooseFI

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

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

001 | The ChooseFI Radio Podcast | A Life Optimization Strategy

choosefI-finance-podcast

Introducing a Finance Podcast by FIRE for FIRE In Today’s Podcast we cover: Welcome to ChooseFI’s first podcast from Jonathan Mendonsa and Brad Barrett What  the ChooseFI finance podcast is all about: This is a finance podcast by the FIRE community and for the FIRE community Build a gathering place for the entire Financial Independence Retire Early (FIRE) community Experiments in Financial Independence: Battle test ideas and see what works … Read more