106 | From Addiction to FI | Ms. Fiology

From Addiction to FI

Deanna, blogger at msfiology.com, shares her journey from drug and alcohol addiction to recovery, paying off six-figures of personal debt, and getting started on her path toward financial independence. She also wrote an article for ChooseFI detailing her journey. Deanna started looking for security in drugs and alcohol in her teens, becoming a high-functioning addict for more than a decade. After getting sober, Deanna spent time discovering how and why … Read more

How To Get The Most Mileage Out Of Your Car

How To Get The Most Mileage Out Of Your Car

Buying the right car is an important financial decision. Buy a lemon and you’ll spend hundreds on repairs and maintenance fees. Buy a trusty vehicle and you’ll have few issues. But it’s not just about finding the right car, it’s about taking care of it as well. Anyone can buy a durable Honda and run it into the ground with poor maintenance. So how do you make your car last … Read more

When Should You Buy Prepackaged Or Make It At Home?

When Should You Buy Prepackaged Or Make It At Home?

The ChooseFI Facebook group is always full of lively conversations. Lately, a couple ChooseFI Facebook group members have brought up the topic of prepackaged snacks. Prepackaged snacks and other items are super convenient but may cost more than making the same item yourself. Should you pay more for prepackaged snacks and other goods or should you make them yourself? Here are a few things to consider. The Arguments for Buying … Read more

ChooseFI’s Favorite Tips To Save Money On Your Landscaping Costs

Save Money On Your Landscaping Costs

  Optimizing your expenses to spend money on what you truly value is one of the keys to achieving financial independence (FI). That also means cutting back ruthlessly on expenses you don’t care about. Every dollar you reduce your recurring annual expenses by is $25 less you have to put in your nest egg to reach FI. Depending on where you live, you could be spending a ton of money … Read more

Frugality Without Deprivation

Frugality Without Deprivation

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

My Garden–How I Cut My Produce Budget In Half

My Garden--How I Cut My Produce Budget In Half

Right about now, my garden really is in high gear and I am harvesting a belly filling and grocery bill neutralizing amount of produce. This will be the third summer we have been in our house and we have been able to have a productive garden each year, easily eliminating the need to purchase vegetables from about May through October. Can everyone do it on the scale that we do … Read more

ChooseFI’s Favorite Tips To Make Your Appliances Last Longer

Appliance replacement is something most people have had to deal with at some point in their lives. Sadly, it seems like many appliances built today use the concept of planned obsolescence to require us to buy another appliance in just a few years because it no longer works like it did when it was new. While we can’t force appliance makers to build better quality appliances, we can make sure … 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

ChooseFI’s Favorite Tips To Keep Your Water Bill Low

Reaching financial independence takes a lot of work, so why make it harder on you than it needs to be? By reducing your expenses, like your water bill, you can reduce the amount you need to save to reach financial independence by 25 times your annual savings if you use the 4% rule. Of course, you’ll have to continue saving money on your water bill from now until forever to … Read more

Five Reasons I Went On The Dave Ramsey Show

Dave Ramsey Show

In the Financial Independence (FI) community, the name Dave Ramsey always stirs up some debate. I get it, but Dave Ramsey was really the first catalyst for me overcoming some limiting beliefs. I am a fan of giving credit where credit is due. Here are five reasons why I chose to share my testimony on the Dave Ramsey Radio show. Gratitude For My Mentors I couldn’t have achieved what I have … Read more