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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 We Taking the Wrong Risks? With Chris Hutchins | Ep 567

    Are We Taking the Wrong Risks? With Chris Hutchins | Ep 567
    Oct 6 2025

    Brad interviews Chris Hutchins, host of the podcast All The Hacks. They dive deep into challenging the traditional mindset of financial independence (FI), exploring the balance between saving for the future and enjoying life experiences in the present. The discussion revolves around the potential pitfalls of overly conservative financial strategies and emphasizes the importance of prioritizing valuable life experiences while ensuring future financial security.

    • Conservative Goals Discussion (00:01:12)
      Chris shares his reflections on why many in the FI community may prioritize financial safety at the cost of meaningful experiences. He poses the question of whether we are taking the wrong risks by focusing too much on certainty in our finances.

    • The 4% Rule (00:03:47)
      The hosts discuss the 4% rule, a guideline suggesting retirees can withdraw 4% of their savings annually. They highlight that, according to guests like Tyler Gardner, our focus on safety might lead to over-saving and depriving ourselves of essential life experiences.

    • Rethinking Life Choices (00:10:44)
      As parents, they reflect on how the fleeting nature of time with children should influence our financial and personal choices. Chris shares insights on making bold decisions, such as considering taking significant time off for experiences with loved ones.

    • Spending for Experiences (00:14:01)
      Brad challenges listeners to evaluate where they are spending their money and whether they can invest in experiences instead. The conversation emphasizes that creating memories often yields a higher return on investment than merely accumulating wealth.

    • Importance of Flexibility in Spending (00:40:12)
      They discuss the benefits of being flexible in both finances and travel planning, underscoring the importance of planning ahead to maximize opportunities for experiences.

    Key Insights:

    • Opportunity Costs: Focusing solely on savings can result in missing out on valuable life experiences (00:10:44).
    • Flexibility Maximizes Value: Being flexible can help optimize travel rewards and reconcile the costs of memorable experiences (00:36:11).
    • Rethinking Risks: Evaluate the balance between financial security and living fully. Exploring new experiences can often feel riskier, but not taking them can lead to regret (00:15:04).

    Actionable Takeaways:

    • Regularly evaluate spending to identify areas for investing in experiences instead of saving (00:23:30).
    • Plan trips or memorable activities well in advance to create anticipation and excitement (00:35:02).
    • Embrace the risk of enjoying life and create a budget that allows for valuable experiences (00:14:01).

    Quotes to Remember:

    • "Avoiding all risks in finance can lead to over-saving and missed life experiences." (00:08:02)
    • "Focusing solely on savings can result in missing out on desired life experiences." (00:10:44)

    Discussion Questions for Reflection:

    • Are you overly conservative in your financial strategies? How can you shift your mindset? (00:09:43)
    • What experiences are you prioritizing in your life right now and why? (00:14:01)

    Related Resources:

    • Chris Hutchins Website and Podcast
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    1 h y 17 m
  • Risk Based Guardrails for Drawdown | Ep 566

    Risk Based Guardrails for Drawdown | Ep 566
    Sep 29 2025
    Brad welcomes Aubrey Williams, a financial advisor and member of the ChooseFI community. They discuss innovative strategies for financial independence (FI), focusing on flexible withdrawal rates, dynamic spending adjustments using historical analysis, and how adopting a more adaptable mindset can potentially lead to earlier FI. Timestamps & Discussion Topics: 00:00:00 Intro to Financial Independence Overview of the FI journey and the community's philosophy. 00:03:00 Aubrey's Background Aubrey shares his journey from a corporate career to becoming a financial advisor, emphasizing experiences with the FI community. 00:15:00 Understanding Withdrawal Rates Discussion on the traditional 4% withdrawal rule and its limitations; the importance of knowing what your portfolio should allow you to spend. 00:18:04 The Forces Influencing Spending Recognizing the various external influences that shape financial decisions and how awareness can help mitigate these. 00:29:57 Community Engagement—CampFI and Meetups The value of attending CampFI and other local FI meetups for motivation and networking, enhancing personal journeys toward financial independence. 00:53:00 Risk-Based Guardrails Explained Introducing the concept of risk-based guardrails to adjust spending dynamically based on portfolio performance. Key Quotes: "Adjusting spending when your portfolio hits a certain number is key for financial confidence. Historical analysis provides the guidance you need." - Aubrey (00:20:18)"Stay aware of the powerful forces that influence your financial decisions." - Aubrey (00:18:04)"Reaching FI requires a mindset shift towards thoughtful spending." - Aubrey (00:38:26) Actionable Takeaways: Understand Your Spending: Regularly evaluate your monthly expenses to identify areas to cut back, as small reductions can significantly lower your FI target.Utilize Historical Analysis Tools: Use resources like FIREcalc or Engaging Data to guide your financial decisions and explore various withdrawal strategies.Engage with the Community: Attend local meetups or events like CampFI to build relationships with others on a similar path, gaining insights and encouragement. Related Resources: Open Path Financial - Financial planning services by Aubrey.CampFI - Community events for personal finance enthusiasts.Projection Lab - Financial modeling tools. Discussion Questions: How can adjusting your spending habits affect your journey towards financial independence?What are some effective strategies for managing your withdrawal rate in retirement?How can community gatherings like CampFI enhance your understanding of financial independence? Action Items: Calculate your FI number based on your current expenses and savings rates.Download resources provided at Open Path Financial to better understand risk-based guardrails.Join a local FI meetup to connect with others and share insights about your financial journey. This episode provides insightful perspectives on achieving financial independence through flexible spending and community engagement. Listeners are encouraged to adopt a more dynamic approach to their finances, making use of historical tools and community resources to enhance their journey toward FI.
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    1 h y 25 m
  • Tax Planning To and Through Early Retirement | Cody Garrett & Sean Mullaney | Ep 565

    Tax Planning To and Through Early Retirement | Cody Garrett & Sean Mullaney | Ep 565
    Sep 22 2025
    Brad Barrett hosts Cody Garrett and Sean Mullaney, co-authors of Tax Planning To and Through Early Retirement, exploring essential tax strategies for the FI community. They address misconceptions about retirement taxes, the drawdown process, and effective tax rates, emphasizing the importance of informed planning to navigate financial independence smoothly. Key Takeaways: Understanding the complexities of drawdown strategies is essential for early retirement planning.Fear surrounding retirement taxes can often be mitigated through knowledge and strategic planning.Most retirees benefit from significant tax reductions due to lower effective tax rates during retirement.The podcast discusses common misconceptions about Required Minimum Distributions (RMDs) and their actual impact on retirees. Timestamps: 00:01:38 - Overview of Tax Planning To and Through Early Retirement00:02:33 - Understanding the complicated drawdown process00:07:22 - Eliminating fear from tax planning00:10:06 - Long-term capital gains taxation and early retirement00:28:39 - Tax optimization strategies00:39:01 - Strategic tax planning leading to zero tax liability00:58:47 - Discussion on RMDs and tax implications in retirement Key Insights: The drawdown process is often misunderstood but vital for financial planning. (00:02:33)Fear of taxes can hinder retirement planning; proper understanding can lead to rational decisions. (00:07:22)Most retirees can pay lower taxes than perceived and often face less tax liability. (00:28:15)Effective tax strategies can enable some retirees to pay zero taxes during retirement. (00:39:01)Misconceptions exist surrounding RMDs; they may not be as detrimental as commonly feared. (01:00:14) Actionable Takeaways: Consider early Roth conversions to maximize tax credits, particularly if you anticipate low income post-retirement. (00:44:07)Utilize long-term capital gains to minimize taxable income effectively in retirement. (00:10:06)Aim to reduce ordinary income during retirement to take advantage of favorable tax environments. (00:41:37) Discussion Questions: What are some strategies that can minimize tax burdens in early retirement? (00:28:39)How do RMDs impact retirement planning, and should retirees be concerned about them? (01:00:14)What are the implications of long-term capital gains on retirement income? (00:10:06) Resources Mentioned: Tax Planning To and Through Early Retirement - PaperbackTax Planning To and Through Early Retirement - Kindle Edition Related Episodes: Episode 557: Health Insurance Planning for Early Retirees 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.
    Más Menos
    1 h y 7 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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