Spend Less

The only way to reach Financial Independence is by spending less than you make.–It seems so simple, yet so many struggle do it. 

When you reduce your spending, it has an immediate impact on how much you can save. While it’s great to examine how you might be mindlessly spending on small items like a daily $5 cup of coffee, these changes won't have much effect. 

However, focusing on what we call, “The Big Three”(food, transportation, and housing) can make a big impact. Small changes in these three major budget items can have a significant impact on your finances. 

Resources to Read

Longest Lasting Cars On The Road Today

Longest Lasting Cars On The Road Today

Buying a car that will last a long time is a good way to get the most for your money. But how can you know if you're spending your hard-earned money on a dependable, long-lasting car? iSeeCars can help with that. Each year they publish a list of the top ten most reliable cars. Every vehicle's reliability rating is based on the percentage of its vehicles on the road today

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What Is House Hacking?

What Is 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? House hacking is a term used by both real estate investors and the Choose FI community pretty regularly. More Than One Way To House Hack House hacking has also expanded beyond the traditional “multi-unit” definition to encompass any creative

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Live On Half Your Income And Change Your Finances Forever

Live On Half Your Income And Change Your Finances Forever

If you would like to live on half your income, you will need to make some adjustments to how you live, work and stay entertained. I won't sugarcoat it, living on half of your income will challenge everything about your life, but it will be so worth it. Because living on half your income means saving the other half. And you don't have to make all these drastic changes overnight.

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Resources to Listen To

How to Get Out of Debt

115R | How to Get Out of Debt

A how-to conversation about strategies for tackling consumer debt, a review of Monday’s episode with Bonnie Traux, and a few updates about the ChooseFI community. Brad’s wife no longer working as a CPA – although she was technically laid off, she’s excited for the extra time in her schedule. Being at FI gave Laura the ability to be happy for her previous employer and move on with a smile. Bonnie

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ChooseFI 068R 2 Worlds Collide

068R | 2 Worlds Collide

The next steps after Dave Ramsey’s Peace University, the importance of being present and food budget hacks. What you’ll hear on today’s show: Review of Monday’s episode Brad’s life improvement thanks to FI How to use Dave Ramsey’s lessons Question from Chris about Dave Ramsey What the next steps after the Peace University look like Why and how credit cards can be useful Jill talks about being nervous going back

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041.The High Cost of Living path to FI

041 | The High Cost Of Living Path To FI

In today's podcast we discuss the High Cost of Living Path to FI with ChooseFI community members Paige and Sam who live in Los Angeles and have been pursuing FI in a HCOL with sub-$50,000 per year jobs. In Today’s Podcast we cover: Episode 41: A conversation with Paige and Sam about pursuing Financial Independence in a high cost of living area on a lower income Paige pushed back on

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Looking for additional Resources?

We have plenty of additional resources including how to start a blog, travel rewards and more!