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Education
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Financial Independence Podcast

Updated 7 days ago

Rank #21 in Investing category

Business
Education
Investing
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Join the Mad Fientist as he interviews personal-finance icons like Mr. Money Mustache and Vicki Robin to discover the strategies they used to achieve financial independence and retire early! Learn about investing, tax avoidance, entrepreneurship, travel hacking, real estate, and all things related to financial independence and early retirement!

Read more

Join the Mad Fientist as he interviews personal-finance icons like Mr. Money Mustache and Vicki Robin to discover the strategies they used to achieve financial independence and retire early! Learn about investing, tax avoidance, entrepreneurship, travel hacking, real estate, and all things related to financial independence and early retirement!

iTunes Ratings

1257 Ratings
Average Ratings
1120
65
35
19
18

Love it!

By EmilySev - Nov 26 2019
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Great content, extremely helpful podcast. Listened to every episode. It’s got me on FIRE ;)

Great podcast!!

By fldjrb - Sep 09 2019
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Each episode is to the point and very impactful. The information from each podcast is very helpful.

iTunes Ratings

1257 Ratings
Average Ratings
1120
65
35
19
18

Love it!

By EmilySev - Nov 26 2019
Read more
Great content, extremely helpful podcast. Listened to every episode. It’s got me on FIRE ;)

Great podcast!!

By fldjrb - Sep 09 2019
Read more
Each episode is to the point and very impactful. The information from each podcast is very helpful.

Listen to:

Cover image of Financial Independence Podcast

Financial Independence Podcast

Updated 7 days ago

Read more

Join the Mad Fientist as he interviews personal-finance icons like Mr. Money Mustache and Vicki Robin to discover the strategies they used to achieve financial independence and retire early! Learn about investing, tax avoidance, entrepreneurship, travel hacking, real estate, and all things related to financial independence and early retirement!

Michael Kitces – The 4% Rule and Financial Planning for Early Retirement

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One of the internet’s most-respected retirement researchers and financial planners, Michael Kitces, joins me for an episode of the Financial Independence Podcast!

You may remember that my Safe Withdrawal Rate post drew heavily from the incredible research Kitces has done on the topic so it was great to talk to him directly to dive even deeper into important topics related to early retirement.

During the interview, we discuss…

  • Safe Withdrawal Rates and whether the 4% rule is still safe in the current market environment
  • The unique challenges early retirees face that normal retirees don’t (and also some of the unique advantages early retirees have)
  • How Michael tackles early retirement from a financial planning perspective

If you’re worried about figuring out how much you can withdraw from your portfolio after you retire, this episode is for you!

Highlights:

  • Why Michael began researching safe withdrawal rates
  • What the Shiller CAPE is and how it can be used to determine a better safe withdrawal rate
  • Why the initial criticism of the 4% rule was that it was too low
  • What would be a safe withdrawal rate to use today, considering current market valuations
  • Human capital vs. financial capital and the advantages of having both
  • How to find a financial advisor and what Michael would do if a client came to him with early retirement plans
  • The biggest wild card that early retirees need to be concerned with that standard retirees don’t

Aug 31 2017

1hr 7mins

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JL Collins – The Simple Path to Wealth

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JL Collins joins me on the Financial Independence Podcast to talk about stocks, bonds, real estate, and his brand new book - The Simple Path to Wealth!

Highlights:

  • Origin of The Simple Path to Wealth
  • What’s changed about his investment philosophy over the last four years
  • Three simple steps to financial independence
  • Difference between good debt and bad debt
  • Why buying a house is an indulgence
  • The only two funds you need and why you don’t need to invest in an international fund
  • When should you invest in bonds and why the decision has nothing to do with your age
  • The bad investing habits Jim and I still can’t shake
  • The important lesson Jim learned from working with the top stock analysts in the industry

To read the full article, visit http://www.madfientist.com/jl-collins-interview/

Jun 21 2016

46mins

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Mr. Money Mustache – Early Retirement Made Easy (Rebroadcast)

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To celebrate the 5-year anniversary of launching the Financial Independence Podcast, I've republished the very first interview I recorded back in 2012 with Mr. Money Mustache.

In addition to the original interview, this episode also contains an updated introduction that tells the story behind the interview!

Highlights:

  • How Mr. Money Mustache and his wife retired in their early 30s
  • Why he decided to start writing about financial independence
  • The benefits of raising children after you’ve already retired
  • What MMM likes most about early retirement
  • Why you need to ride a bike

Jun 12 2017

33mins

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Radical Personal Finance – Part One

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Listen to part one of my Radical Personal Finance podcast interview where I discuss frugality, travel hacking, and financial independence!

A couple of months ago, a guy named Joshua emailed me to ask if I’d be a guest on his new show – the Radical Personal Finance podcast. I agreed and we ended up having a very interesting two-hour conversation.

Since then, however, Joshua has been forced to take down his podcast (for undisclosed reasons) and since he’s not sure when he’ll be able to put it back up again, he has agreed to let me publish our interview here (thanks!).

I couldn’t bear to hear myself talk for a full two hours though so I decided to edit the interview down into two smaller parts and today, I am publishing part one.

It was great being on the other side of the interview for once so hopefully you enjoy hearing a bit about my personal journey to financial independence.

Highlights:

  • Different Paths to FI
  • Frugality and Sacrifice
  • How to Have an Expensive Hobby
  • Travel Hacking
  • Slow Travel

To read the full article, visit http://www.madfientist.com/radical-personal-finance-part-one/

Oct 08 2013

41mins

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Scott Trench - Set for Life

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On today’s episode of the Financial Independence Podcast, I’m joined by the president of biggerpockets.com and cohost of the BiggerPockets Money Show, Scott Trench!

Scott breaks down the journey to financial independence into three stages and explains what you need to focus on at each step (and why)!

Highlights:

  • The three stages of wealth creation on the path to financial freedom
  • Why it doesn’t make sense to worry about investing right away
  • How to create a “financial runway” and use it to your advantage
  • Why you should try to find a “scalable career”
  • How to turn your biggest expense into an income-producing asset
  • The one question to ask before buying your first house hack
  • The multiple benefits of adding side hustles along your journey

Jun 20 2018

40mins

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Chad Carson - Retire Early with Real Estate

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Chad Carson from CoachCarson.com joins me again on the Financial Independence Podcast to talk about the various strategies you can use to retire early with real estate!

Highlights:

  • The best real-estate strategies to use to reach financial independence and retire early
  • How real estate can be a good investment while also enhancing your lifestyle
  • What is the Mad Fientist’s Peak Arbitrage™ strategy and is it a good idea
  • Why you should buy utility but rent luxury
  • Thoughts on internet-based real estate investing companies (e.g. PeerStreet, RealityShares, etc.)
  • What you should look for when buying a long-term “Buy and Hold” rental

Aug 31 2018

1hr 7mins

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Camp Mustache – Q&A with Mr. Money Mustache, Afford Anything, & The Military Guide

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Today on the Financial Independence Podcast, I’m excited to share a live Q&A session with Mr. Money Mustache, Paula Pant from Afford Anything, and Doug Nordman from The Military Guide!

This panel discussion took place back in May at Camp Mustache — an annual retreat in the Pacific Northwest organized by Mr. Money Mustache readers.

In this episode, you’ll not only hear about…

  • Mr. Money Mustache’s biggest splurges
  • The investing mistakes I still can’t seem to avoid
  • Paula’s favorite thing about financial independence
  • Doug’s suggestion for discovering the meaning of life

…, but you’ll also get varied and diverse perspectives on some of the most important questions facing those on the path to financial independence and early retirement!

Highlights:

  • Top recommendations for people who are close to achieving financial independence
  • How to stay motivated when pursuing FI
  • What is the meaning of life
  • How to foster a good online culture and community
  • Tips and tricks to stop you from trying to time the market
  • The biggest challenges of reaching FI and how to overcome them
  • What we splurge on and why
  • Mr. Money Mustache’s thoughts on being featured in the New Yorker
  • How to handle changes in your relationships after reaching FI

Sep 12 2016

1hr 6mins

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Afford Anything – Dive Into Real Estate Investing

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Paula from AffordAnything.com joined me to discuss how she’s using real estate investing to achieve early financial independence!

Highlights:

  • Frugality vs. wealth building
  • Mental energy is limited so use it wisely
  • Think like a creator, not like a consumer
  • Scarcity mindset vs. abundance mindset
  • How to start investing in real estate
  • Real estate niches and strategies
  • Becoming a real estate agent

To read the full article, visit http://www.madfientist.com/afford-anything-interview/

Apr 08 2013

38mins

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Adventuring Along – From $0 to Retired in 5 Years

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Want to know how two teachers were able to go from $0 net worth to retired in just 5 years?

On today’s episode of the Financial Independence Podcast, Ali and Joe (a.k.a. Arebelspy) from Adventuring Along join me to talk about how investing in real estate supercharged their progress to early retirement.

We not only dive into how they achieved financial independence in spectacular fashion but we also explore their equally impressive retirement so far. In the past year alone they have hiked the entire El Camino de Santiago, had a baby in Istanbul, Turkey, and published a romance novel!

Highlights:

  • Dollar-cost averaging into real estate
  • How to purchase real estate in a place you’ve never visited
  • Best books for real estate investors
  • Grasping the concept of ‘enough’
  • Importance of challenging yourself after retirement (both mentally and physically)
  • Cost of having a baby in Turkey
  • How much money you can save by staying out of the United States

Nov 01 2016

57mins

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Your Money or Your Life – An Interview with Author Vicki Robin

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I can’t believe it…

One of the founders of the financial independence movement, Vicki Robin, joined me for an episode of the Financial Independence Podcast!

Vicki and her partner Joe Dominguez wrote the book, Your Money or Your Life – a New York Times Best Seller that many people consider to be the bible of financial independence (the FI-ble?).

Your Money or Your Life is actually what inspired me to create the FI Laboratory many years ago.

Vicki has been a driving force in the FI community since the 1960s and has a wealth of knowledge and inspiring stories to share so hope you enjoy the interview!

Highlights:

  • The story behind Your Money or Your Life
  • How Joe was able to retire at the age of 31 in 1969 with $70,000 in the bank
  • Why Vicki’s quest to change the world didn’t succeed (yet)
  • How a stage-3 cancer diagnosis changed her plans
  • What’s going to be different in the new version of Your Money or Your Life
  • What she believes are the most important steps in the Your Money or Your Life program
  • How the book’s investment advice has changed and what she is current investing in

Apr 05 2017

1hr 6mins

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JD Roth – Get Rich Slowly

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J.D. Roth, creator of GetRichSlowly.org, joined me for the Financial Independence Podcast to talk about finding personal and financial freedom!

In less than ten years, J.D. went from having $35,000 of consumer debt to becoming a self-made millionaire. 

Since selling his incredibly popular blog, getrichslowly.org, he now spends most of his time writing about life and money at his personal site, jdroth.com.

On today’s show, J.D. shares what he’s learned over the past decade of writing about money and personal finance and describes how you too can find personal and financial freedom.

To read the full article, visit http://www.madfientist.com/jd-roth-interview/

Apr 22 2014

46mins

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Root of Good – A Million Dollars in 10 Years

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Justin from RootofGood.com joins me on the Financial Independence Podcast to talk about how he and his wife saved over a million dollars in under a decade!

Highlights:

  • The tax benefits and true costs of children
  • How to have a positive net worth after graduating from college
  • What is interest rate arbitrage
  • How to amass a million dollars in ten years without six-figure salaries
  • Why you should quit your job before you’re actually ready to retire
  • How to easily get $4,500 in free travel

To read the full article, visit http://www.madfientist.com/root-of-good-interview/

Aug 01 2016

47mins

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Coach Carson - The Simple Way to Retire Early with Real Estate

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After delivering an epic guest post on the tax advantages of investing in real estate, I asked Chad Carson from CoachCarson.com to join me on the podcast to hear more about his own experiences with real estate investing.

Chad started with only $1,000 in the bank and was able to build up a real estate empire that now consists of over 90 units!

It’s an incredible story of hard work, intelligent money management, and perseverance so listen to find out how he did it. And if you’ve ever wanted to know what it felt like to be a full-time real estate investor when the entire housing market collapsed in 2008, hear how Chad survived despite making over 50 acquisitions in 2007 alone!

Highlights:

  • How to get started in real estate with no money
  • What is ‘bird dogging’?
  • Why you should invest in something that’s simple and understandable
  • The numerous ways to finance real estate purchases
  • What it was like to survive the financial crisis as a real estate investor after making 50+ acquisitions in 2007
  • The importance of having a cash reserve
  • Why you should house hack or do a live-in flip if you want to retire early
  • What Chad would do if he was starting again and wanted to reach financial independence as quickly as possible
  • Why you need to be cautious when considering passive real estate investing options
  • How buying real estate to live in is much different than buying real estate as an investment

Jan 20 2017

1hr 1min

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Street Smart Finance – The Real American Dream

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Shilpan from Street Smart Finance describes how he was able to build a million dollar real estate portfolio after coming to America with only $20!

Highlights:

  • The Value of Hard Work
  • Commercial vs. Residential Real Estate
  • Tax Benefits of Real Estate
  • Stock Losses vs. Real Estate Losses
  • LLC vs. S Corp

To read the full article, visit http://www.madfientist.com/street-smart-finance-interview/

Dec 21 2012

41mins

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Travel Miles 101 – Travel Hacking and Financial Independence

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The guys from Travel Miles 101 stop by the Financial Independence Podcast to talk about investing, early retirement, and the benefits of travel hacking!

Highlights:

  • Using FI savings to become an entrepreneur
  • Dealing with extreme lifestyle inflation
  • Why P2P lending is like investing in extra-junky junk bonds
  • How travel hacking increases your options and decreases the stress of travel
  • Why travel hacking is the perfect hobby for fientists

To read the full article, visit http://www.madfientist.com/travel-miles-101-interview/

Mar 09 2016

1hr 2mins

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Frugalwoods – Making Frugality Fun

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The Frugalwoods joined me to talk about how frugality can help you reach your financial goals sooner and also increase your happiness in the process!

Highlights:

  • How to maintain a high savings rate while living in an expensive city
  • Tips for avoiding frugality-induced isolation
  • The importance of large goals
  • Keys to making frugality fun
  • When to give up a good thing
  • How to get a free graduate degree
  • The multiple fringe benefits of frugality
  • How to have children without delaying your early retirement

To read the full article, visit http://www.madfientist.com/frugalwoods-interview/

Dec 11 2015

47mins

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Budgets are Sexy – Challenge Everything

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J. Money from Budgets are Sexy joins me on the Financial Independence Podcast to talk about the benefits of challenging everything in your life!

Highlights:

  • The importance of tracking your net worth
  • How not to buy a house
  • The importance of side hustles
  • Why J. Money is the Miley Cyrus of personal finance
  • How to live like Benjamin Franklin and why you should try it
  • The ways personal finance has changed over the years
  • Why you should challenge everything in your life

To read the full article, visit http://www.madfientist.com/budgets-are-sexy-interview/

Feb 04 2016

59mins

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Retire Early Lifestyle – Perpetual Travel

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Billy and Akaisha Kaderli from RetireEarlyLifestyle.com joined me to talk about 20+ years of travel and early retirement!

In 1991, Billy and Akaisha quit their jobs, moved to an island in the Caribbean, and have been traveling the world ever since.

Their initial retirement savings of $500,000 has survived the dot-com bust, the 2008 financial crisis, and over two decades of early retirement.

Discover how they did it, find out their recommendations for the best places in the world to retire, and hear what it’s like to be perpetual travelers!

To read the full article, visit http://www.madfientist.com/retire-early-lifestyle-interview/

Jul 29 2013

41mins

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Chris Hutchins – Why You Should “Retire” Before You Hit Your Number

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On today’s episode of the Financial Independence Podcast, I interview a serial entrepreneur who has achieved financial independence three different ways!

You’d think that selling a company to Google or buying San Francisco real estate before prices went crazy would be the best way to reach financial independence but that’s not been the case for today’s guest, Chris Hutchins from Grove.

Although he’s done all of those things, Chris shares how consistent saving actually impacted his net worth more than anything else.

This episode is packed full of useful information, especially if plan to start your own business or want to do something meaningful after early retirement, so hope you enjoy it!

Highlights:

  • What it’s like being an investment banker
  • How to get a job you really love
  • Biggest business lessons learned from working at Google Ventures
  • Why you should always say “Yes”
  • The benefits of doing something interesting every month
  • How aggressive saving can impact your net worth more than selling a company to Google or investing in San Francisco real estate
  • Why you should “retire” before you hit your FI number
  • My new favorite definition of retirement

Dec 19 2017

1hr 2mins

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Radical Personal Finance – Part Two

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In part two of the podcast, the Mad Fientist explores some very powerful tax-avoidance strategies for early retirees.

It’s possible to achieve financial independence earlier in life, without having to decrease your spending, increase your income, or assume any additional risk, simply by using tax-advantaged retirement accounts in an intelligent way. 

Today’s episode explores the various retirement accounts available and explains the most optimal uses of those accounts for people on the path to financial independence and early retirement.

To read the full article, visit http://www.madfientist.com/radical-personal-finance-part-two/

Oct 10 2013

44mins

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Scott Young - Ultralearning

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On today’s episode of the Financial Independence Podcast, I’m excited to introduce Scott Young!

I first heard about Scott when he decided to complete MIT's entire computer science curriculum in a year.

Scott has taken on a lot of these types of impressive learning projects and he just wrote a great book about it – Ultralearning.

As you know, I’m attempting to tackle a very intimidating project myself so what better way to kick off that effort than with my own 3-month ultralearning project!

In today’s interview, we dive into the details of ultralearning and we design a new ultralearning project from scratch.

Ultralearning projects seem perfect for anyone who is FI or hopes to achieve financial independence one day so hope you get as much out of this discussion as I did!

Highlights

  • Why ultralearning can help you get to FI quicker (while making the journey more enjoyable)
  • How Scott was able to complete MIT’s computer science curriculum in one year
  • Why the first part of learning something new is the hardest and how to use ultralearning to get past that phase sooner
  • How to learn new languages as quickly and efficiently as possible
  • Details about my own ultralearning project and how Scott suggests I design it
  • The imporantance of breaking big goals into concrete stages
  • Why limiting scope is so important when diving into something new
  • What is meta-feedback and why it’s important
  • The power of direct practice and how to use drills to fix specific issues
  • What to do when you hit a block or a plateau in your learning

Oct 16 2019

1hr 1min

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Third Year of Freedom

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I can’t believe it but it’s already been three years since I left my full-time job!

To commemorate this special anniversary and to recap the things I’ve learned during this last year of post-FI life (which happened to be the best one yet), I recorded a short podcast episode.

Aug 01 2019

20mins

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Ramit Sethi - I Will Teach You to be Rich

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Personal-finance icon Ramit Sethi from I Will Teach You to be Rich joins me for an episode of the Financial Independence Podcast!

Ramit first published his New York Times best-selling book, I Will Teach You to be Rich, back in 2009 during the depths of the financial crisis.

He just released the second version today so we discuss what’s changed in the last decade and also talk about FIRE (Financial Independence, Retire Early) – a concept that’s taken the financial world by storm in recent years.

This is the first time Ramit has talked about FIRE so it was great getting his opinions on it, especially since he’s often thought of as being on the opposite end of the financial spectrum (my first podcast guest, Mr. Money Mustache, has even jokingly referred to him as his “arch-rival in personal finance”).

Ramit didn’t hold back (does he ever?) so hope you enjoy this one as much as I did!

Highlights

  • What Ramit likes about FIRE (and what he doesn’t)
  • When you should pay more instead of less
  • How to cure yourself from extreme frugality
  • Why you need to maximize for value instead of cost
  • How to break out of the spreadsheet and start living life

May 14 2019

54mins

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Cal Newport – Deep Work, Digital Minimalism, and the Key to a Happy Retirement

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On today’s episode of the Financial Independence Podcast, I’m very excited to introduce author Cal Newport!

I’ve been a huge fan of Cal’s writing for many years so it was a treat to get to talk to him.

We explore many important issues related to early retirement that aren’t often talked about so if you’re thinking about retiring early (or if you already have and are struggling to build the life that you envisioned before leaving work), today’s episode is a must-listen!

Highlights:

  • Why pursuing your passion is overrated
  • How to love your job
  • What is “Focused FIRE” and why it’s likely the best option
  • How to get good at something valuable
  • Why you should replace relaxation with difficult, meaningful activity
  • The importance (and increasing rarity) of deep work
  • Why skillful management of attention is the key to a good life
  • How to perform a digital declutter
  • The importance of high-quality leisure activities
  • Why technology could be ruining your personal life and how to stop it

Mar 05 2019

49mins

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Millennial Money - From Broke to Millionaire in 5 Years

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On today’s episode of the Financial Independence Podcast, my buddy Grant from Millennial Money joins me to talk about how he went from having $2.26 in the bank to $1.25 million in just 5 years, 3 months, and 6 days!

We dive into the strategies and tactics he used but we also go deeper and discuss some of the unexpected challenges of FIRE.

We also explore Grant’s new book, Financial Freedom, which is out today and features parts of my own story!

Highlights:

  • Why you don’t need to hit FI or save a million dollars to get the benefits of saving
  • How to make the most of your full-time job
  • Why you should strive for peace instead of money or happiness
  • How to find pleasure in mundane moments

Feb 06 2019

57mins

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Tony - Going Back to Work After Early Retirement

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It’s easy to think that early retirement will be the answer to all your problems.

After all, how could you not be happy when you don’t have to work anymore?

I’ve written about why early retirement is not a magic bullet but what if it actually makes your life worse?

On today’s episode of the Financial Independence Podcast, I interview a reader named Tony who found this to be the case.

He’s since decided to go back to the same career he retired from and is enjoying work (and life) more than ever.

During the interview, we dive into the overlooked benefits of work and the downsides of early retirement.

We also explore serious issues that aren’t talked about enough, like depression and mental health.

Huge thank you to Tony for sharing his deeply personal story with us.

Highlights:

  • The benefits of having a job that are hard to find elsewhere
  • Why early retirement won’t magically fix all your problems
  • The importance of building human contact into your early retirement plan
  • The dark side of having a driving passion and purpose
  • Signs that you need to seek help for your mental health problems
  • What it’s like going back to work after early retirement
  • The Office Space Effect and how FI can make you a better (and happier) employee

Jan 23 2019

45mins

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Monumental Strength – How to Get Fit (and Actually Enjoy It)

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I made two big mistakes when I was pursuing financial independence…

The first was I put off happiness until I hit FI.

The second was I also put off my health.

In today’s episode of the Financial Independence Podcast, I chat to my personal trainer, Doug from Monumental Strength.

Doug has spent the past two years taking me from a puny computer programmer to a strong, healthy weightlifter!

It’s been a fantastic journey, with numerous unexpected benefits, so don’t wait until FI like I did. Start focusing on your health now and drastically improve your journey to FI (and your life beyond)!

Highlights:

  • Why lifting weights is a perfect activity for improving your health
  • How to build a good workout plan
  • Why free weights are better than machines
  • What to eat if you want to build muscle
  • Why weightlifting is better than running for burning fat and losing weight
  • How to progress to doing more difficult lifts
  • The benefits of intermittent fasting

Dec 18 2018

47mins

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James Clear - Atomic Habits and Building a New Identity After Retirement

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A challenging aspect of early retirement is the loss of identity you may experience when leaving a career you’ve spent a big chunk of your life building.

However, one of the most exciting parts of early retirement is that you have the time, money, and freedom to create a completely new identity!

How do you do it though?

Today, I had the privilege to speak to the writer who has been most helpful to me as I’ve started building my own new identity – James Clear.

In this episode, we discuss habits, deliberate practice, and how to best create a meaningful and purpose-driven life!

Highlights:

  • What makes life meaningful and how to live better
  • The importance of social connections
  • How to deal with the “pain of discipline”
  • The physics of productivity and why habits are so powerful
  • The importance of having an easy on-ramp to a task
  • Why a habit must be established before it can be improved
  • How to find a keystone habit that can improve multiple areas of your life
  • Why you should optimize for the starting line rather than the finish line
  • The downsides of habits
  • What is deliberate practice and why it’s important
  • How habits can change your identity
  • Why rewards are good (but only if they don’t conflict with your new identity)
  • What is intermittent fasting and why it’s beneficial

Oct 16 2018

50mins

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Travis Shakespeare - Playing with FIRE

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If you’ve been reading about financial independence for a while, you’ve likely seen that the topic is getting more popular lately.

Although FIRE (Financial Independence / Retire Early) is far bigger than it was when I created this site in 2012, it’s still nowhere near mainstream.

That may change though…

A full-length documentary called Playing with FIRE is currently in the works and the film has the potential to reach millions of people that blogs or podcasts never would.

This is a huge deal.

I was asked to take part in the film and was lucky to get to know the talented people behind the documentary.

On today’s episode of the Financial Independence Podcast, I’m excited to welcome the director and executive producer, Travis Shakespeare!

Listen to hear how the documentary came about, discover what Travis has learned about FI after spending the last year creating this film, and find out when you’ll be able to see it!

Oct 02 2018

1hr

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Chad Carson - Retire Early with Real Estate

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Chad Carson from CoachCarson.com joins me again on the Financial Independence Podcast to talk about the various strategies you can use to retire early with real estate!

Highlights:

  • The best real-estate strategies to use to reach financial independence and retire early
  • How real estate can be a good investment while also enhancing your lifestyle
  • What is the Mad Fientist’s Peak Arbitrage™ strategy and is it a good idea
  • Why you should buy utility but rent luxury
  • Thoughts on internet-based real estate investing companies (e.g. PeerStreet, RealityShares, etc.)
  • What you should look for when buying a long-term “Buy and Hold” rental

Aug 31 2018

1hr 7mins

Play

Second Year of Freedom

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I can't believe it...

It's already been two years since I left my full-time job!

To celebrate this special anniversary, I decided to release a podcast episode containing my thoughts on my second year of freedom.

Find out what a day in my life is like now, hear all the ways early retirement is different than I expected, and discover the most valuable lessons I've learned since leaving my job!

Aug 01 2018

18mins

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First Year of Freedom

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On August 1st, 2018, it will be exactly two years since I left my full-time job as a software developer.

To celebrate, I've decided to release two podcast episodes that contain all the valuable lessons I learned during my first two years of freedom.

Today's episode contains everything I learned during my first year and on Wednesday (August 1st), I will release everything I learned during my second year of freedom.

It's been a wild ride so hope you enjoy the first of these two episodes!

Jul 30 2018

26mins

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Scott Trench - Set for Life

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On today’s episode of the Financial Independence Podcast, I’m joined by the president of biggerpockets.com and cohost of the BiggerPockets Money Show, Scott Trench!

Scott breaks down the journey to financial independence into three stages and explains what you need to focus on at each step (and why)!

Highlights:

  • The three stages of wealth creation on the path to financial freedom
  • Why it doesn’t make sense to worry about investing right away
  • How to create a “financial runway” and use it to your advantage
  • Why you should try to find a “scalable career”
  • How to turn your biggest expense into an income-producing asset
  • The one question to ask before buying your first house hack
  • The multiple benefits of adding side hustles along your journey

Jun 20 2018

40mins

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Marla Taner – Striving for Happiness After Early Retirement

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My good friend Marla Taner joined me on the Financial Independence Podcast to go deep into some early-retirement topics that aren’t often discussed.

Marla and I met in 2014 at Camp Mustache and we’ve had a lot of fun (and sometimes heavy) conversations over the years so I thought it’d be great to record one for the podcast!

Highlights:

  • How to deal with a sudden early retirement
  • Rethinking travel after leaving work
  • Finding happiness from within
  • Dealing with losing career identity and external validation
  • How to care less about “success”
  • The effort of happiness
  • Focusing on progress rather than the end goal
  • Doing the work to figure yourself out
  • Justifying the decision to retire early

May 09 2018

38mins

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Money Talks – Live from the UK Chautauqua with Vicki Robin

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Last August, I was down in England with Vicki Robin (author of Your Money or Your Life) for the FI Chautauqua.

We were chatting about the new version of the book she was working on (which is out now!) and she mentioned that she created a game called “Money Talks” to go along with the new edition.

The card game consists of 52 different cards, each containing a different money question or topic. The idea is, you can use the cards to initiate conversations about money with family, friends, etc. (as you are probably aware, money doesn’t often get discussed in real life so this game attempts to change that).

I thought it was a great idea so I asked Vicki if she’d be up for playing the game with a handful of Chautauqua attendees and I’d record it for an episode of the Financial Independence Podcast.

She agreed and that’s what I’m sharing with you today!

Big thanks to Vicki Robin for teaching us how to play, to Ettington Park for the fantastic venue, and to Eduardo, Laura, Kimi, Matt, Brandon, Jason, Lena, and Meghan for taking part!

Mar 28 2018

50mins

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Elizabeth Willard Thames – Meet the Frugalwoods

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Today on the Financial Independence Podcast, I welcome back Liz Thames (a.k.a. Mrs. Frugalwoods)!

Liz was last on the show over two years ago and a lot has changed.

Since then, she’s made her dream of retiring to a homestead in Vermont a reality, she’s had two babies, and she’s just published a book!

It was great to catch up with her to hear about everything that’s happened over the last couple of years and to find out whether her early retirement dream is actually as good as she hoped it would be.

And since we’ve become good friends since our last interview, it was fun to challenge her on some of her more “borderline” frugal habits and also share my most embarrissing frugal hack :)

Highlights:

  • What’s changed since our last interview
  • Has the Vermont homestead reality lived up to the dream
  • Why you should just start things
  • How to embracing a $0 budget
  • Why you should eliminate everything and then add back the things you enjoy
  • How the Frugalwoods go about buying things
  • My super embarrasing frugal confession
  • How to deal with the long slog to FI after initial period of excitement
  • Why frugality can help build community

Mar 05 2018

1hr 16mins

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My Brother – Using the Power of Money to Pursue Your Passion

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On today’s episode of the Financial Independence Podcast, I interview my little brother while drinking wine next to a canal in Venice!

Brian, who is three years younger than me, isn’t actively pursuing financial independence but he’s done some really impressive things with his money and has used the power that money provides to fully pursue his passions.

In fact, he’s currently in the middle of a ~6-month mini-retirement and is using the time off to travel and hopefully take his music career to the next level.

We dive into a lot of interesting financial topics but we also degenerate into some brotherly chat, which produced classic quotes like this one: “I took my solids elsewhere.”

Highlights:

  • How we are different when it comes to money (including his much more extreme level of frugality)
  • Why he chose to live in a place with no heat, hot water, air conditioning, sink, or toilet
  • How to save money as a musician/artist
  • Why focusing on buying more gear misses the point and how you can avoid that common trap
  • How to utilize the power of quitting even if you aren’t financially independent
  • What it’s like tasting the early retirement lifestyle
  • Why learning a language abroad is a great way to travel
  • The pros and cons of having a day job when you’re an artist
  • How to get a dream job in the arts
  • Using mini-retirements and part-time work to pursue your passion

Feb 08 2018

41mins

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Chris Hutchins – Why You Should “Retire” Before You Hit Your Number

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On today’s episode of the Financial Independence Podcast, I interview a serial entrepreneur who has achieved financial independence three different ways!

You’d think that selling a company to Google or buying San Francisco real estate before prices went crazy would be the best way to reach financial independence but that’s not been the case for today’s guest, Chris Hutchins from Grove.

Although he’s done all of those things, Chris shares how consistent saving actually impacted his net worth more than anything else.

This episode is packed full of useful information, especially if plan to start your own business or want to do something meaningful after early retirement, so hope you enjoy it!

Highlights:

  • What it’s like being an investment banker
  • How to get a job you really love
  • Biggest business lessons learned from working at Google Ventures
  • Why you should always say “Yes”
  • The benefits of doing something interesting every month
  • How aggressive saving can impact your net worth more than selling a company to Google or investing in San Francisco real estate
  • Why you should “retire” before you hit your FI number
  • My new favorite definition of retirement

Dec 19 2017

1hr 2mins

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Physician on FIRE – Geographic Arbitrage, Sunk Costs, and Gangsta Rap

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It’s been a while since I posted a new Financial Independence Podcast episode but I’m excited to share one with you today!

Mr. and Mrs. 1500 from 1500Days.com joined me live at FinCon in Dallas to interview the Physician on FIRE!

We sadly only had 25 minutes to record so it’s a short interview but it’s a fun one.

If you ever wanted to hear Mrs. 1500 rap, this episode is definitely for you :)

And if you ever wanted to hear what a podcast sounds like when two out of the three hosts are ridiculously hungover, this one is also for you (see if you can figure out which host is the sensible one).

I’ll be back to my longer, more in-depth interviews soon but for now, I hope you enjoy this wild and entertaining conversation with the Physician on FIRE!

Highlights:

  • How to separate your identity from your job
  • Using geographic arbitrage to spend less while getting paid more (without ever leaving the United States)
  • How to deal with sunk costs
  • What it’s like finding FIRE after already achieving financial independence
  • Plus, an amazing (and original) gangsta rap verse performed by Mrs. 1500!

Nov 14 2017

19mins

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Michael Kitces – The 4% Rule and Financial Planning for Early Retirement

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One of the internet’s most-respected retirement researchers and financial planners, Michael Kitces, joins me for an episode of the Financial Independence Podcast!

You may remember that my Safe Withdrawal Rate post drew heavily from the incredible research Kitces has done on the topic so it was great to talk to him directly to dive even deeper into important topics related to early retirement.

During the interview, we discuss…

  • Safe Withdrawal Rates and whether the 4% rule is still safe in the current market environment
  • The unique challenges early retirees face that normal retirees don’t (and also some of the unique advantages early retirees have)
  • How Michael tackles early retirement from a financial planning perspective

If you’re worried about figuring out how much you can withdraw from your portfolio after you retire, this episode is for you!

Highlights:

  • Why Michael began researching safe withdrawal rates
  • What the Shiller CAPE is and how it can be used to determine a better safe withdrawal rate
  • Why the initial criticism of the 4% rule was that it was too low
  • What would be a safe withdrawal rate to use today, considering current market valuations
  • Human capital vs. financial capital and the advantages of having both
  • How to find a financial advisor and what Michael would do if a client came to him with early retirement plans
  • The biggest wild card that early retirees need to be concerned with that standard retirees don’t

Aug 31 2017

1hr 7mins

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