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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
  • 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.
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    1 h y 7 m
  • Financial Independence Basics with Jackie Cummings Koski | Ep 564

    Financial Independence Basics with Jackie Cummings Koski | Ep 564
    Sep 15 2025

    Jackie Cummings Koski returns to discuss the fundamental principles of financial independence (FI) and early retirement. The conversation emphasizes the importance of understanding FI—financial independence lets individuals no longer depend on a paycheck, offering options and freedom in life. Jackie shares insights on creating habits, starting small with savings, and the invaluable impact of community on one's financial journey. Strategies such as evaluating expenses and adopting an action-focused mindset are crucial. The duo explores essential concepts like the 4% rule, the significance of compound interest, and how everyday expenses can affect one's FI number, leading to powerful benefits over time. This episode serves as both a refresher for seasoned FI enthusiasts and a primer for newcomers.

    Key Takeaways:
    • Understanding FI enables individuals to regain control over their finances and lives.
    • Saving money is about liberation, not deprivation; small changes can yield significant benefits over time.
    • The power of community is invaluable in the FI journey; joining groups can provide motivation and insights.
    • Evaluating and optimizing expenses can lead to increased savings and a lower FI target.
    • The 4% rule helps determine how much one can safely withdraw from retirement savings.
    Timestamps:
    • 00:00:00 - Podcast Intro
    • 00:01:08 - Introduction of Jackie Cummings Koski
    • 00:03:02 - Back to Basics of FI
    • 00:04:31 - Defining Financial Independence
    • 00:08:23 - Importance of Saving Money
    • 00:12:07 - Building Habits
    • 00:46:07 - Understanding Your FI Number
    • 01:01:02 - Community and Support
    • 01:09:24 - Conclusion
    Important Quotes:
    • "FI means financial independence; RE means retiring early." (00:04:31)
    • "Saving money liberates you, it’s not deprivation." (00:08:23)
    • "Empower yourself by changing your financial dynamic." (00:05:40)
    • "In investing, doing less often yields more." (00:24:40)
    • "Save $100/month to potentially lower your FI target by $30,000." (00:47:04)
    Actionable Takeaways:
    • Track Your Expenses: Start examining where your money goes to identify areas for potential savings. (Timestamp: 00:41:19)
    • Join a Community Group: Participate in a local ChooseFI group to gain support and motivation. (Timestamp: 01:01:02)
    • Develop Saving Habits: Make a habit of saving even small amounts each month to establish a strong financial foundation. (Timestamp: 00:12:07)
    Discussion Questions:
    • How can tracking expenses help in achieving financial independence? (Timestamp: 00:41:19)
    • What strategies can the community provide for those just starting their FI journey? (Timestamp: 01:01:02)
    Related Resources:
    • F.I.R.E for Dummies Book: Link (Timestamp: 00:02:43)
    • Catching Up to FI Podcast: Link (Timestamp: 01:09:22)
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    1 h y 10 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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