213. Has FIRE Evolved w/ JL Collins, Brad Barrett, and Jillian Johnsrud
Earn & Invest
No one knows when the financial independence retire early or FIRE movement actually started. Some say it was with the publication of Vicki Robins book Your Money Or Your Life in 1992. Others point to Jacob Lund-Fisker's blog Early retirement Extreme in 2010 or the advent of Mr. Money Mustache in 2011. Either way, mainstream media discovered the movement in 2018 and the community and philosophy have grown quite a bit in just the last three years. Or have they? Today on Earn and Invest we ask a simple question. Has the FIRE Movement evolved? Our panelists for the most part discovered financial independence in the early 2000’s and have collectively reached millions of listeners and readers. JL Collins is widely known as the Godfather of the financial independence movement and wrote the ever popular and best selling book The simple path to wealth. He blogs at jlcollinsnh where his stock series has been credited as one of the best resources for new investors. Brad Barrett is a recovering certified public accountant as well as the calm and cool voice of arguably the most listened to fire podcast out there, ChooseFI. And Jillian Johnsrud paid off all our debt, traveled to 27 counties, lived abroad for 4 years, and took 5 mini-retirements, all while bringing up 6 kids. She is a progress coach and the host and creator of the Everyday Courage Podcast.
Money is one of the top three things people struggle to communicate with, falling right below sex and above our reasons and motivations for work. In her coaching practice, Jillian finds clients will be very open in one-on-one sessions, but when working with couples, it becomes much more uncomfortable. Jillian believes this discomfort is because discussions of things like sex and money happened behind closed doors and weren’t modeled for us growing up. In response to a call put out for questions in Brad’s FI Weekly newsletter, listeners submitted their questions for Jillian about relationships and money. The first comes from Jonesy who had a question about keeping the lines of communication open about money with a significant other when they are at different stages. He is working and beginning to build his portfolio and savings, while his significant other is still in school and struggling to make ends meet. Jillian suggests first trying to find common ground to discuss money. You can start with telling your own money stories, like how your parents spent money or what you wish they had spent money on. It’s important to feel seen and heard. Sharing childhood stories are opportunities to start having conversations to begin learning about each other financially. Help make the conversation not feel like a trap by being genuinely curious about your partner’s life and experience. You can approach discussions about money much in the same way couples talk about the parenting they witnessed and experienced. Pick one or two questions to open up the conversation and put your partner in a relaxed state. Ensure they feel seen and heard before transitioning into conversations on budgets or debt payoff. Taking the small step of sharing money stories can help the couple come away with positive feelings, feel closer, and know just a little bit more about each other. Jillian and her husband did not communicate about money well during the first few years of their marriage. They had very different money stories and didn’t know how to explain why they were reacting or felt the way they were. Breaking the big scary stuff down into bite-sized non-intimidating questions is something Jillian guides users through in her latest workbook, part of which asks us to examine our parents’ patterns, whether or not we have copied or rebelled against them, if what was inherited is serving you well, and do you want to take it forward. Because Jonesy and his partner aren’t married, Jillian says it’s okay to skip the specifics in the middle, like savings rates and budgets, and discuss the outcome, like a common goal to work toward together. If you work on learning to talk about money, understanding each other financially, and can work toward a common goal, by the time you are on the same page, the middle stuff will be easier. Listener Sam wants to know if it can work when one half of a couple is excited about being on the FI path but the other half says FI is not for them. Sam has been on her journey for three years and has a 50% savings rate and plans to retire early, but recently married and her husband’s savings rate is far from the same and he plans on working until 60. They currently keep their finances separate. Jillian thinks Sam and her husband could benefit from having conversations about work, its role, and how it ties to identity. It’s feasible for one person to retire while the other works, but it can create a rift unless they understand each other’s stories and mindsets. Brad wonders how Sam and her husband keeping their finances separate could work logically in the long-term. Jillian thinks on the surface it cold work so long as they work on everything below the surface and sure each is truly comfortable with the situation. Listener Titan wants to know how to make the monthly chart tracking their progress toward FI more fun and exciting for his significant other. Unfortunately, Jillian thinks Titan’s partner will never be excited about it. In any relationship, it seems like there’s one who likes worksheets and graphs and one who prefers to talk about things. She suggests not focusing on the numbers on the graph and instead make it about the amazing life they are creating or whatever is exciting for them. Jonathan can sympathize with Titan’s situation but says what were are looking for is trust that you are building an awesome life together and moving forward in the same direction. Jillian’s course, One Hour Millionaire, is a 21-day program with the premise that it should only take you one hour a month to set your trajectory to a million-dollar net worth. Website: JillianJohnsrud.com Podcast: Everyday Courage Resources Mentioned In Today’s Conversation Download the Stereo app and join us on Tuesdays for the live show! Compare home and auto rates from top insurers at Policy Genius. Explore Season 2 of Rebel Entrepreneur and make money doing something you love. Register for Jillian Johnsrud’s, One Hour Millionaire Course, and get a $30 discount during the month of March with code ChooseFI30. If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI’s 3-card credit card strategy. Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.
Be Financially Independent by Helping Others with Jillian Johnsrud
Successfully Unemployed Show with Entrepreneurs Investors and Side Hustle
Have you ever wanted to become financially independent and never work for yourself? On top of that, what if you could do all that AND help other people at the same time?! Learn how Jillian Johnsrud has done exactly that.Get my real estate investing course for free: https://masterpassiveincome.com/freecoursesu// WHAT TO WATCH NEXTStart a Podcast: https://youtu.be/YdKKwSSOnJAMake Money Online: https://youtu.be/WDkRHg3uxR0Flea Market Flipper: https://youtu.be/MYEoeQPT-5E//BEST BUSINESS COURSES I RECOMMENDStart Investing In Real Estate: https://masterpassiveincome.com/wealthbuildersStart an Online Business: https://successfullyunemployed.co/p24Start a podcast: https://successfullyunemployed.co/podcourseMake money on Etsy: https://successfullyunemployed.co/goldcityCreate a Facebook Ads Agency: https://successfullyunemployed.co/laptopempiresMake $ from nothing as a Flea Market Flipper: https://successfullyunemployed.co/fleamarketflipperLearn how to invest in land: https://successfullyunemployed.co/retipster//OTHER RESOURCES:Bank I use: https://successfullyunemployed.co/bankWebsite hosting I use: https://successfullyunemployed.co/sitegroundMembership Tools I Use for My Online Business: https://successfullyunemployed.co/kartraNOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
You do not have to be perfect to make progress. Just be a little more courageous every day. Welcome back to the Micro Empires Podcast! I’m your host, Jennifer Ives Grimson. Today my guest is Jillian Johnsrud, an inspiring Writer, Creator, Speaker at Montanamoneyadventures.com, and host of her podcast called Everyday Courage. Her life journey has brought her from massive debt to becoming financially independent by the end of her 20s. Now she runs a fantastic lifestyle business, helping others grow businesses while creating financial freedom. Let’s dive right in as we talk about reaching financial independence without having to have a large paycheck. [00:01 - 07:45] Opening Segment I introduce Jillian Johnsrud to the show Jillian talks about her background and money culture growing up Scarcity mindset Lived in a small town with little economic opportunity Fear of generational poverty Had $5500 debt at 19 Jillian talks about her mindset transition journey Watched Oprah through grad school Had a sense of hope, no matter where you come from and what you have experienced, that you could change the trajectory of your life Started to saved up and bought a camper Being in a huge amount of collective debt after marriage [07:46 - 14:00] Money Talks in Marriage Jillian talks about her money discussion in her marriage Oppression pain point Her husband had credit card debt Money could create options and freedom When people can’t change Either because people don’t have the ability or they don’t care enough You are able to change, but the cost is extremely high, and the work is difficult Jillian talks about her money mindset shift after she adopted children from foster care Having a big disagreement with her husband From $50.000 debt to financial independence in 10years You can be in the same spot or start moving towards your financial independence [14:01 - 25:05] Financial Independence Movement Jillian shares about the beginning of her financial independence movement Saved up half of their income at the beginning of their marriage Pressing down their spendings It took about 7-8 years to reach independence Jillian talks about the biggest influence in her financial journey Regrets of not having a finance community and support Read some books about finance and budgeting Fighting the perception of reading and buying books is a waste Went to the library to gain information about budgeting and finance Reading a book a week The shift that prompted her to start the Everyday Courage Podcast Found her passion for personal finance Started to coach people and shares about financial knowledge Taking a year off after reaching her financial independence Do more writing and started her blog Earned a spot in new communities Finding like-minded people Developing personal relationships [25:06 - 33:00] Be More Courageous Everyday Jillian talks about how she started her podcast show The underlying theme of her journey All of our growth comes outside of our comfort zone Taking the risk to success We need to be more courageous everyday things People making progress in being courageous in the simple things Quick shoutout to my Podcast Producers: Streamlined Podcasts Use promo code: JIVES and get a discount Jillian talks about the goals in her podcast Provides steps for people to follow Jillian shares the advice on how to talk about money to the people surround you Start with the end in mind Design your financial planning [33:01 - 42:40] The Changes and Affect of COVID-19 Assess where you are right now Defensive steps Emergency funds Know where you spend your money Where do you want to be in the next three years Be aware of the new opportunities that have been created In times of crisis, a lot of new doors are opening Switching your mindset to be more strategic and creative Jillian talks about the FIRE (Financial Independence Retire Early) movement Became overly popular after the 2008 crash Most people are playing by the rules and still lost a lot People becoming more open and assertive The Analogy of a wedding planner Put as much planning, thoughts, and money in our lives How do we line up our finances, time, and habits to reach out goal Have someone alongside you to help you to organize your plans [42:41 - 46:31] Closing Segment How to connect to Jillian Join her free ten-day of Intentional Living Course at www.jillianjohnsrud.com/intentional/ See links below Final words Tweetable Quotes: “You do not have to be perfect to make progress, but just be a little more courageous every day.” - Jillian Johnsrud. “There is a sense of hope, no matter where you come from and what you have experienced, that you could change the trajectory of your life.” - Jillian Johnsrud. “All of our growth comes from outside of our comfort zone and taking the risk for success.” - Jillian Johnsrud. “Put as much planning, thoughts, and money into your goals, just like planning a wedding.” - Jillian Johnsrud. Resources Mentioned: Everyday Courage Podcast MontanaMoneyAdventures.com Oprah Winfrey If you’d like to connect with Jillian, you can find her on Linkedin, Instagram, and Twitter. You can visit her website at www.jillianjohnsrud.com/ and Join her free ten-day of Intentional Living Course at www.jillianjohnsrud.com/intentional/. You can connect with me on LinkedIn, Twitter, Instagram, and Facebook. I’m excited to hear more about you. I’m excited to know more about you. Also, feel free to shoot me an email at email@example.com. You can call or text 213-973-7206. TELL US WHAT YOU THINK! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. This podcast is about YOU. We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more. Let's Work Together Subscribe to download my FREE eBook, "3 Steps to Pivot and Thrive: Using Micro-Risks to Build Your Micro Empire." Click https://micro-empires.com/coaching and I’ll see you there!
243 | Corinne and Jillian Johnsrud | Households of FI
Progress Coach, Jillian Johnsrud, meets with Households of FI member, Corinne, to review the two exercises designed to help her understand how she can prioritize her life to focus on the things that matter the most. After taking a quiz to reveal which of the Four Tendencies she is, Corinne discovered that she is an Upholder. She has many things that she would like to do but struggles with feeling guilty about doing non-work related things that are important too. Corinne would like to find more time for meditation and develop better awareness and confidence with her finances. Though Corinne always felt like she was decent with money, beyond investing in a 401k, she would like a better understanding of what her baseline expenses should be and where she can make improvements with a budget and investments. When it comes to learning, Corinne feels that she learns best by practice, repetition, and talking through things, but would love to make her processes as automated as possible. Jillian suggested that Corinne may learn about investing best through a book club, class, or mastermind group. Her goals for mediation are to be more in tune with her body, realize when she needs to step away from work and take a break plus try and have mediation become a part of a daily routine. Jillian divides priorities into two categories, the things we want to make progress on and the action steps to take. There is a huge return on the investment when taking those actions, but things that help with progress are foundational and make life easier. As habits develop in stages, Jillian suggests Corinne first try to find a place in her life for a two-minute meditation habit, before getting started and trying to optimize it. This will help test out when mediation might be appropriate and get through the learning curve. Then focus on any hesitation resistance to doing those two minutes. Creating habits can be more successful when added to an existing routine or by creating a prompt. Corinne would also like to make progress in her career. She needs to stay focused better during working hours to make the most out of them and make progress with communication and executive presence. Exercise, eating healthy, and socializing with friends are other areas where Corinne would like to reduce friction and make doing them easier. Since starting a new habit is so difficult, Jillian likes to divide the year up into six-week chunks and focus on one of the new habits in each of the six weeks. The synergy between the habits begins to build momentum. For the exercise “Challenges and Motivations”, Corinne felt making partner at work was her biggest motivation because she values being part of a team or community and having a sense of belongingness. Other motivations she has are security and autonomy. To increase Corinne's sense of her top three motivations, she feels that she hasn't done well lately with maintaining relationships and connections with people. Jillian likes to use her understanding of the five love languages as a framework to strengthen relationships with others. The biggest challenge to meeting the goal of becoming partner is balancing the expectations of her time at work with her personal life which is why she would like to be more focused at work. Additionally, she would like to stop comparing herself to others at work and concentrate on what works for her. Options for tackling challenges include self-correction, finding a more helpful perspective, and problem solve it. In Corinne's case, Jillian thought she would benefit by actively looking for leaders who were more like her rather than the hard-charging partners in her workplace. Regarding Corinne's challenge with setting boundaries at work with her time, people who work for her sometimes find it difficult to connect with her. Jillian suggested creating a specific time or better communicating what times she is available. RESOURCES MENTIONED IN TODAY'S CONVERSATION JillianJohnsrud.com ChooseFI Episode 162 The Four Tendencies and FI With Gretchen Rubin Everyday Courage Episode 32 Four Tendencies, The Obliger Save on shipping costs with a free four-week trial with Stamps.com when using code “ChooseFI” Earn $1,000 or more with ChooseFI's 3 card cash back strategy The Five Love Languages by Gary Chapman IF YOU WANT TO SUPPORT CHOOSEFI: Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.
From Debt to Retiring at 32 & the One Dollar Rule - An Interview with Jillian Johnsrud
The Insider Mom Podcast
Over fifteen years ago Jillian Johnsrud and her husband were $55,000 in debt. However, they had a vision for a life free from financial stress, where they could retire early, travel the world and adopt.Jillian grew up poor and was determined to reach financial freedom early on. In the last 15 years, she and her husband paid off all their debt, traveled all over the world, lived abroad several years, took multiple mini-retirements, adopted 4 kids and had 2 biological kids. When the time came to buy a home, they were able to pay cash to purchase it. They eventually bought two rental properties as well and renovated them on their own.Together they’ve served on boards of nonprofits, mentored kids from tough situations, and volunteered in various roles.At 32, Jillian Johnsrud became financially independent and since then it's become her mission to help others build lives that match up with their values and passions. For more information on how to build financial freedom in your own life, you can check out her website: https://www.jillianjohnsrud.com/ and podcast: Everyday Courage.
M&M 108: Navigating Client Relationships During a Financial Crisis - with Jillian Johnsrud, Rich Jones and Kelan Kline
Money and Media: Presented by FinCon
The global pandemic has changed our way of life and it's also changing the way we do business. Money Coach Jillian Johnsrud shares how she is managing her financial coaching client relationships during the financial crisis. We also hear from personal finance content creators Rich Jones and Kelan Kline as they navigate their brand sponsorships and find ways to keep their revenue strong while honoring the trust their audience has given to them. For more go to https://finconexpo.com/money-coaching-financial-crisis
97. Speak Up and Be Heard w/ Jillian Johnsrud, Nisha Mehta, and Grant Baldwin
Earn & Invest
Have you ever thought of becoming a public speaker? Jillian Johnsrud, Nisha Mehta, and Grant Baldwin chat about this lucrative opportunity to spread your message. Also a bonus segment with Dan Huffman about the ever important emergency fund.
Pain, Grief, and the Pursuit of Financial Independence, with Jillian Johnsrud
#246: At 19 years old, after completing her first year of college, Jillian married her husband. During their first year of marriage, they lived in a camper and earned a combined salary of $12,000. One year later, Jillian's husband graduated college and joined the military. They relocated to Washington D.C., where they earned a combined $60,000 per year. They saved half of their income and used that savings to chip away at $55,000 of debt. At 22 years old, Jillian and her husband adopted a son. Not long after that, they had a biological newborn. At 24 years old, they accumulated their first $100,000. Jillian and her husband remained committed to saving half of their income. This allowed them to buy a house in cash, invest in two rental properties, and invest in index funds. At 32 years old, Jillian and her husband achieved financial independence. All on a modest five-figure income. How did Jillian and her husband live on $12,000 per year? How did they save $100,000 after three years on a $60,000 per year salary? What sacrifices did they make? And how did they transition from saving to spending? Find out in this raw, emotional interview. ______ You'll enjoy this episode if: You earn less than six-figures and question your ability to reach financial independence Guilt prevents you from spending the money you’ve saved (“I can’t spend on X if I want to achieve FIRE!”) You want a relatable, realistic take on the journey to financial independence For more information, visit the show notes at https://affordanything.com/episode246