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How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.© 2019-2023 Choose FI. All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided. Economía Exito Profesional Finanzas Personales
Episodios
  • Are Roth Conversions Necessary? | Cody Garrett and Sean Mullaney | Ep 581

    Are Roth Conversions Necessary? | Cody Garrett and Sean Mullaney | Ep 581
    Jan 12 2026
    Brad hosts Sean Mullaney and Cody Garrett to dive deep into the topic of taxable Roth conversions, including key distinctions between various Roth strategies. The discussion emphasizes the strategic nature of these conversions during retirement, common misconceptions, and the importance of prioritizing personal financial success over societal pressures. Listeners will gain practical insights into tax management and gain clarity on when and if to pursue Roth conversions in their financial plans. Disclaimer: Sean's discussions on the ChooseFI podcast and articles and messages published on ChooseFI.com are intended for general educational purposes and are not tax, legal, or investment advice for any individual. The ChooseFI podcast and its owners, employees, and agents do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., or their services. Timestamps & Key Topics: 00:00:56 - Introduction to Guests Hosts introduce Sean Mullaney and Cody Garrett, authors of Tax Planning To and Through Early Retirement. 00:02:11 - Understanding Taxable Roth Conversions Definitions and purpose of taxable Roth conversions vs. backdoor Roths. 00:12:07 - Taxable Roth Conversions During Working Years Why taxable conversions are generally discouraged for those with a job.Discussion on 'income disruption years' as an exception. 00:15:13 - Strategies for Retirement Income Exploring income sources and tax brackets in retirement. 00:19:10 - Roth Conversion Decisions in Retirement Discussion on RMDs and managing taxable income effectively in retirement. 01:04:17 - Conclusion and Resources Recap of key insights and suggestions for further financial planning. Key Insights: Taxable Roth Conversions vs. Backdoor Roths Taxable conversions create taxable income and can be beneficial, while backdoor Roths are a mechanism to contribute when income limits apply. Ideal Times for Conversions Typically not advisable during high-income years; consider during low-income years or life events causing income disruption. Tax Burdens in Retirement Many retirees experience lower tax burdens than expected; RMDs are manageable for most. Roth Conversions and Future Planning Primary beneficiaries are often oneself and heirs; focus on financial success rather than tax liabilities for future generations. Avoiding Procrastination through Optimization Optimization can become procrastination; focus on higher impact decisions for financial health rather than getting lost in tax details. Actionable Takeaways: Evaluate Current Tax Bracket: Assess your taxable income before considering a Roth conversion (00:12:07).Timing Is Key: Consider performing Roth conversions during lower income years (00:12:50).Understand RMDs: Evaluate the necessity of Roth conversions in the context of required minimum distributions (00:22:28).Consult Professionals: Consider professional guidance for personalized strategies aligned with your long-term financial goals (01:04:01). Featured Quotes: "Retirement accounts exist to ensure financial success in retirement." - Sean Mullaney (01:04:01)"Roth conversions can enhance tax efficiency but are not required." - Cody Garrett (00:42:34)"Don't let fear guide you in financial decisions." - Brad (01:05:17) Related Resources: Tax Planning To and Through Early RetirementMike Piper Speech on Tax StrategySean's Case Study on Retirement Planning
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    1 h y 6 m
  • This Year Everything Changes | Ep 580

    This Year Everything Changes | Ep 580
    Jan 5 2026
    Jonathan Mendonsa has appeared on several ChooseFI episodes over the past few years, but 2026 marks a major evolution of the show. ChooseFI is being reimagined as a more interactive, more collaborative, and more deeply community-driven experience. As part of this next chapter, Jonathan officially returns to the show as Brad's frequent co-host, helping lead a truly crowdsourced platform where the community plays an active role in shaping the conversation around financial independence. Together, Brad, Jonathan, and the ChooseFI community are building a space focused on shared discovery — the first critical step on the path to financial independence. Join The Community This episode highlights how listeners can define their personal FI number, learn from real experiences within the community, and turn insight into meaningful action. ChooseFI's community-driven approach continues to empower individuals to learn from one another, explore what financial independence means for them, and move forward with confidence. Key Topics & Timestamps: Introduction (00:00:00) Welcome to a transformative year for ChooseFI. 2026 Goals (00:00:51) Brad and Jonathan reflect on the changes occurring in their lives and the FI community. Frugal Wins of The Week (00:20:31) Tips for celebrating small financial victories. Understanding Your Financial Independence Number (00:25:38) Explanation of how to calculate your FI number based on annual expenses. Community Engagement and Tools (00:30:12) Introduction of the new community app and its features for supporting members on their FI journey. Closing Remarks (00:58:17) A call to action for listeners to get involved in the community and share their journeys. Actionable Takeaways: Conduct a net worth statement for 2025 (00:36:54).Join the community app to connect with fellow FI enthusiasts (00:49:35).Participate in an expense audit to gain insights into your spending habits (00:56:20). Key Insights: Community Development: Building a supportive network is essential for financial growth (00:08:06).Frugality Defined: Frugality is about valuing what truly matters in life, not deprivation (00:40:47).Impact of Budgeting: Cutting just $100 from your budget can reduce your FI target by $30,000 (00:42:10). Quotes: "While everything changes, some truths remain constant." (00:12:16)"Building a thriving ecosystem for financial independence together." (00:14:13)"Your frugal wins can inspire others. Share your journey!" (00:20:31) FAQs: What is financial independence? Financial independence (FI) refers to having sufficient wealth to live without actively working for basic needs (00:25:54). How can I reduce my budget effectively? Conduct an expense audit to identify unnecessary costs and focus on essential spending (00:56:20). What are frugal wins? Small victories in saving money that inspire and motivate others within the community (00:20:31). Related Resources: How to make LMNT's electrolyte drink mix at home (00:21:26) Discussion Questions: What actions can you take in 2026 to enhance your financial independence journey? (00:12:20)How do you define frugality and its importance in your life? (00:40:47)Discuss the role of community in achieving financial goals. Why is it beneficial? (00:08:06)
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    59 m
  • 2025 Biggest Takeaways with Ginger | Ep 579

    2025 Biggest Takeaways with Ginger | Ep 579
    Dec 29 2025

    In this year-end reflection episode, Ginger and Brad share memorable insights from past interviews on budgeting, spending, and the importance of values in financial decisions. They discuss how taking action can lead to financial independence, the impact of community, and the transformative power of generosity. This episode encourages listeners to implement strategies that align with their personal values and relationships for achieving true wealth beyond financial metrics.

    Timestamps
    • 00:00:00 - Intro to the Episode
    • 00:01:47 - Reflecting on Memorable Interviews
    • 00:03:41 - The Importance of Budgeting
    • 00:05:20 - Seasons of Life and Spending
    • 00:09:16 - Community Impact
    • 00:10:52 - Generosity and Giving
    • 00:12:31 - Mindset Shifts
    • 00:52:05 - Concluding Thoughts
    Key Takeaways

    • Reflecting on Past Episodes (00:01:47)
      Ginger and Brad explore moments from previous interviews that resonated with them, focusing on actionable insights.

    • Importance of Budgeting (00:03:41)
      Budgeting is vital to achieving financial independence. Prioritize spending on experiences and values that bring joy, as highlighted by guest Ron Babcock.

    • Seasons of Life and Spending (00:05:20)
      Understand that spending should align with your current life stage. Budgeting isn't just about saving; it's also about recognizing what matters right now.

    • Community in Financial Independence (00:09:16)
      The FI community supports each other through shared experiences and service projects. Efforts like the FI Service Core highlight collective impact.

    • Generosity and Giving (00:10:52)
      Act on urges to be generous immediately; this reinforces meaningful connections and contributes to fulfilling relationships.

    • Mindset Shifts (00:12:31)
      Challenge limiting beliefs about what's possible in life. Acknowledge that perceptions can often be changed with the right reflection.

    Actionable Takeaways

    • Align Your Budget with Your Values (00:05:20)
      Identify what matters most in your life today and reflect this in your budget.

    • Practice Generosity (00:10:52)
      Make acts of generosity immediate to enrich your relationships and community.

    • Reflect on Beliefs (00:29:19)
      Question beliefs that limit possibilities and explore what changes can be made to achieve your goals.

    Quotes
    • "Embrace spending on values; it's essential for a fulfilling life." - Brad (00:07:18)
    • "True love requires sacrifices and effort." - Ginger (00:50:36)
    • "Little changes lead to significant results in financial independence." - Brad (00:41:32)
    Related Resources
    • The Happiness Trap - A book discussed in the episode that explores cognitive behavioral tools for a healthier mindset.
    Discussion Questions
    • How do you prioritize your spending to align with your values? (00:05:20)
    • What small sacrifice can you make today for someone you care about? (00:50:36)
    Action Items
    • Reflect on your current financial habits. (00:05:20)
    • Set up a high-interest savings account for future goals. (00:25:54)
    Más Menos
    53 m
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Jonathan does an amazing job cultivating insight from his guests. He actively listens to understand and asks clarifying questions. I love listening and learning on my FI journey!

Relatable, educational, fun!

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There's so many nuggets I'm glad I now know! Here's to the future! Thank y'all!

A fantastic perspective adjuster!

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starting from the beginning years later i love the topics and how down to earth they are. I know they are way beyond this point now. hope that doesn't get to their head. but awesome so farr

love these guys and the subject

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So far this podcast has been life changing. I have learned so much about reducing debt, increasing income and so much more.

Excellent information

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