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ChooseFI

ChooseFI

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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
  • Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559

    Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559
    Aug 11 2025

    Join Brad, Katie, and Alan in a candid conversation about financial independence, travel rewards, and lifestyle choices. They discuss the importance of zero-based thinking, share experiences as digital nomads, and challenge conventional views on net worth by introducing the concept of a "freedom fund."

    Timestamps:

    • 00:03:48 - Zero-Based Thinking Discussion
    • 00:04:54 - Experiences as Digital Nomads
    • 00:11:04 - Traveling vs. Stability
    • 00:18:44 - Understanding Investments
    • 00:28:00 - Shifting Perspectives on Net Worth
    • 01:20:00 - Closing Thoughts

    Key Takeaways:

    • Zero-Based Thinking: Evaluate your decisions with the question, "Knowing what I know now, would I choose this again?"
      (Timestamp: 00:16:19)

    • Traveling vs. Stability: Digital nomads navigate the challenge of balancing fast-paced travel with the need for stability.
      (Timestamp: 00:11:04)

    • Freedom Fund Concept: Shift your focus from traditional assets to a 'freedom fund' that emphasizes financial independence over liabilities.
      (Timestamp: 00:28:44)

    • Probabilistic Nature of Life: Embrace the understanding that decision-making incorporates probabilities and not just outcomes.
      (Timestamp: 00:24:20)

    Actionable Takeaways:

    • Reflect on your choices: knowing what you know now, would you choose that option again? (00:18:36)
    • Consider categorizing your investments as a 'freedom fund' rather than traditional assets. (00:28:44)

    Key Quotes:

    • "Achieving financial independence allows us to control our time and pursue our desires." (00:17:43)
    • "Evaluate your choices: if you wouldn't choose them again, it's time for change." (00:18:36)
    • "Your entire net worth is in your freedom fund." (00:28:44)

    Discussion Questions:

    • How can you apply zero-based thinking in your life to evaluate choices? (00:16:19)
    • In what ways can we better balance travel experiences with financial stability? (00:11:04)
    • What does having a freedom fund mean for you? (00:28:44)

    Resources Mentioned:

    • Rebel Finance School (Timestamp: 00:19:08)
    • What's Your Split? Visualizing net worth (Timestamp: 00:19:08)
    • PDF Guide to Optimize Your Life (Timestamp: 00:57:41)
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    1 h y 20 m
  • Designing an Intentional Life | Tim Ferriss | Ep 558

    Designing an Intentional Life | Tim Ferriss | Ep 558
    Aug 4 2025
    Tim Ferriss focusing on financial independence, the importance of mentorship, and the role of playful experimentation in living a fulfilling life. Discover insights on designing an intentional life and the values behind Tim's new game, COYOTE. Key Takeaways Experiential Learning & Game Selection Choose the right projects to engage in rather than just focusing on winning. Tim stresses that the correct game selection impacts long-term success more than winning the game itself. Mentorship Mentors and influential figures can shape our lives and paths significantly. Tim shares personal stories of mentors that led him to better decisions and prevented disastrous outcomes. Social Connections Both Brad and Tim agree on the importance of meaningful social interactions and relationships in ensuring a fulfilling life post-financial independence. Importance of Play & Experiments Financial independence allows for the experimentation of interests. Tim emphasizes the need for playful exploration of life after achieving financial goals. Episode Breakdown 00:00:00 Introduction Welcome to ChooseFI! This week features Tim Ferriss, renowned author and podcaster. 00:01:15 Tim's Background and Impact Tim shares his journey from aspiring neuroscientist to bestselling author and podcaster. The significance of mentors in influencing his life. 00:09:47 Mentorship and Its Importance Exploration of how mentors shaped Tim’s decision-making and life course, leading to successful outcomes and personal growth. 00:15:05 Choosing Projects and Life Experiences Tim emphasizes the concept of game selection, stating it’s about finding projects and experiences that align with personal growth, rather than merely aiming for success. 00:14:04 Real Growth Happens Outside Your Comfort Zone Discussing self-imposed limitations and the value of experimenting at the edge of comfort zones for personal development. 01:13:16 The Importance of Social Interaction The significance of social connections in enhancing life experiences and mental health. 01:30:47 Discussion on COYOTE Game Overview of Tim's new game COYOTE, the thought process behind it, and its importance in fostering social interaction and play. Notable Quotes "Choosing the right game is more important than just winning!" - Tim Ferriss 00:15:43"Real growth happens outside your comfort zone." - Tim Ferriss 00:14:04"It's not about winning—it's about self-discovery through experimentation." - Tim Ferriss 00:43:40"Be proactive about your well-being, don't wait for a crisis to take action." - Tim Ferriss 01:32:30"Focus on nurturing your top ten most important relationships." - Tim Ferriss 00:31:26 Actionable Takeaways Experimentation: Start small experiments in your life to explore new interests (Timestamp: 00:40:44).Prioritization of Relationships: Focus on nurturing your top ten most important relationships (Timestamp: 00:31:26).Intentional Play: Engage in intentional play and social activities for overall well-being, especially after achieving financial independence (Timestamp: 01:13:16). Related Resources COYOTE Card Game: Buy Here (Timestamp: 01:30:00)5-Bullet Friday Newsletter: Subscribe Here (Timestamp: 01:34:06)Tim's Blog and Podcast: Visit Here (Timestamp: 01:35:01) Discussion Questions How can you apply the concept of game selection to your personal or professional life? [Timestamp: 00:15:43]What are some small experiments you can run to discover new interests? [Timestamp: 00:40:04]How do you prioritize your relationships and ensure they align with your goals? [Timestamp: 00:31:26]
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    1 h y 36 m
  • It's Big, But Is It Beautiful? Let's Talk About It... | Ep 557

    It's Big, But Is It Beautiful? Let's Talk About It... | Ep 557
    Jul 28 2025
    Key changes in tax law related to the newly passed One Big Beautiful Bill significantly impact the financial independence (FI) community. Notably, the extension of tax rates and the higher standard deduction provide more planning certainty for early retirees, allowing greater financial management under these new regulations. Brad & Sean Mullaney discuss the critical tax provisions like enhanced charitable contribution deductions for non-itemizers, updates to state and local tax deductions, and the introduction of a senior deduction for retirees. They also explore strategies for maximizing premium tax credits starting in 2026. 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. Key Topics Discussed: Introduction to the New Tax Bill 00:00:00 Overview of the One Big Beautiful Bill and its significance for the FI community. Impacts of Extended Tax Rates 00:02:20 Explanation of the permanence of the tax rates and the increased standard deduction. Changes to Charitable Contributions 00:13:12 Details on new deductions for non-itemizers and adjustments to itemized deductions. State and Local Tax Deduction Update 00:23:26 Increase of deductible cap from $10,000 to $40,000, impacting itemization strategies. Exploration of the Senior Deduction 00:30:05 Introduction of a $6,000 deduction aimed at seniors aged 65 and older. Understanding Premium Tax Credits 00:39:10 Strategic planning opportunities utilizing bronze ACA plans and HSAs to maximize tax benefits. Actionable Takeaways: Maximize Your Standard Deduction: Consider traditional contributions to optimize your tax situation. 00:10:15Utilize Bronze ACA Plans: Start in 2026 to lower premiums and leverage HSA contributions for enhanced tax benefits. 00:42:07 Key Quotes: "The new standard deduction is a game-changer for those pursuing financial independence." 00:08:46"These are crucial planning implications that can optimize your tax situation." 00:17:36"Shift your income from high tax brackets to the 0% tax bracket for maximum savings." 00:12:19 Timestamps: 00:00:14 - Importance of premium tax credits for the FI community. 00:03:05 - Risk of the standard deduction decreasing without the new law. 00:10:15 - Optimizing tax situation with traditional contributions. 00:14:00 - Details on the charitable contributions deduction. 00:25:19 - Update on the state and local tax deduction cap. Related Resources: YouTube Video on Premium Tax Credits: Watch Here [Timestamp: 00:45:00]Cody Garrett and Sean Mullaney’s Book Notification: Sign Up Here [Timestamp: 00:59:35] Discussion Questions: How does the new tax bill affect your approach to retirement planning? 00:00:10What strategies can be adopted to make the most of the new standard deduction? 00:10:15 Summary: This episode dives into the legislative changes that may significantly influence financial planning for those aiming for early retirement. By understanding the implications of the One Big Beautiful Bill, listeners can better navigate their financial futures.
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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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