Cover image of Fire Drill
(314)
Business
Careers
Investing

Fire Drill

Updated 2 months ago

Business
Careers
Investing
Read more

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.

Read more

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.

iTunes Ratings

314 Ratings
Average Ratings
260
22
14
6
12

Great info!

By CurtFire - Aug 27 2019
Read more
Great topics, well put together, and very relatable!

Love This

By Harrisburg Al - Aug 08 2019
Read more
I love your podcast thank you

iTunes Ratings

314 Ratings
Average Ratings
260
22
14
6
12

Great info!

By CurtFire - Aug 27 2019
Read more
Great topics, well put together, and very relatable!

Love This

By Harrisburg Al - Aug 08 2019
Read more
I love your podcast thank you
Cover image of Fire Drill

Fire Drill

Latest release on Mar 22, 2020

Read more

Join host Julie Berninger on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. All things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with Fire Drill podcast.

Rank #1: Financial Independence in a Big City without the Big City Salary | Reaching for FI

Podcast cover
Read more
How are people making less than $50,000 in massive cities working towards financial independence / early retirement?

We have Erin from Reaching for FI here to share her story.  She doesn't fit into the stereotypical FIRE mold (male, software engineer) which we say 50 times in the episode - whoops!  Erin is a twenty-something living on a modest non-profit salary in DC.

We chat with Erin about:

Her student loan debt
Budgeting
Her hesitance to share her FIRE date
FIRE dating
& more!

She was an absolute delight to speak with! Enjoy this chat with Erin from Reaching for FI and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Reaching for FI - Erin's blog!
Instagram, Twitter
Personal Capital - get $20 for signing up
Military Dollar's episode with us
The Mad Fientist - get the spreadsheet when you sign up for his email list
Saver's Credit, American Opportunity Credit, Student Loan Interest Deduction
Our episode with Dandan
Navigation Nowhere on Insta

Key takeaways from our chat with Erin from Reaching for FI
1 - Always get references
Gwen didn't get references on many occasions with her rental property and it ended up disastrous. In this latest unfortunate event, she ended up with the dingle house.
2 - While you don't always need a budget, you need to keep track of your spending somehow
Erin doesn't religiously budget but she does use the free app Personal Capital to keep an eye on her spending in various categories such as food, entertainment, etc.

This approach works for her and she's still crushing it.
3 - Increase your income to speed up the path to early retirement
Erin works three jobs at present and is a serious hustler.  Her day job pays less than $50k so she is working on weekends and now blogging (the latter has more of a hobby pay with a job commitment).

Increasing income is a way for people without six figure incomes to speed up the path to early retirement.
4 - Frugal friendly dates are cool
While asking someone you just met on a hike can seem creepy, other frugal friendly dates are OK.  Erin suggests asking someone out for coffee and a stroll to check out a new neighborhood.

She doesn't recommend coming across as too v0cally-frugal right off the bat.  Money talk is good but proclaiming your frugality might scare away the date!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jul 29 2018

39mins

Play

Rank #2: Nicaraguan Finances in a Revolution

Podcast cover
Read more
Today's guest is Elaine. She is a blogger and podcaster from Nicaragua.

Unfortunately, the government of Nicaragua is corrupt and the people are protesting against the government. We talked to Elaine about the current environment, how the people are handling the changes, what the government is trying to do and what normal life looks like in the middle of protests.

Most of you are US Centric which means we only know what's happening in the US. The mainstream media isn't great about covering news outside the US so we were astonished to hear what all has been happening the last few months.

Elaine has a very important story and we think this might be one of the most useful episodes we release this year.
She was an absolute delight to speak with! Enjoy this chat with Elaine, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Elaine's blog
FinCon conference
Elaine's podcast
Twitter: @ElaMVela

Key takeaways from our chat with Elaine
1 - She became the blog she wanted to find
Elaine looked for a Nicaraguan personal finance blog but couldn't find anything online. The financial system looks completely different from the US, so much of the personal finance advice isn't applicable to Nicaragua.

She was trying to find resources but came up empty, so she became the blog she wanted to find. If you can't find anything that fits your situation, start what you want to find!
2 - Nicaraguan's are wholly dependent on their governmental pension
It takes 750 weeks to qualify for pension/social security in Nicaragua. There isn't anything else available for saving for retirement, so you can understand why they'd be upset when the amount they pay in went up, and the amount they got out of it went down.

To put it in perspective, minimum wage is $200/month. Basic living expenses are about $400 per month, so there's a gap that needs to be addressed.

There's also no transparency into national security system.... which means they can't even guarantee the extra money will go towards it's intended use. There's a lot of corruption in the current government and funds have mysteriously disappeared.
3 -  Take everything day by day
Elaine's advice is to take everything day by day. It's next to impossible to plan for the future so take in as much as you can each day.

Don't be afraid to give yourself a day off now and then too. Toppling a revolution doesn't happen overnight - it takes sustained effort over a period of time. Make sure you can last longer than the government!!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jul 25 2018

31mins

Play

Rank #3: What We’re Doing 4 Years into FI | Millennial Revolution

Podcast cover
Read more
4 years into your early retirement... what do you see yourself doing?

Kristy and Bryce have been financially independent for 4 years and are busier than ever. They write childrens' books, travel, attend conferences and are now releasing a book. As they say themselves, they are literally living the dream.

You'll love their story.

We also chat about...

Kristy and Bryce's FI story
Why it's important to find your identity after FI
Their current activities
The different Chautauquas
Their 3 month plan
Book release of 'Quit like a Millionaire'

Enjoy this chat with Kristy and Bryce, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Millenial Revolution
Episode: Canada’s Youngest Retirees and the 3 Paths to FI – Millennial Revolution
Playing with FIRE Documentary
Mad Fientist
JL Collins
Pop Up Business School
Chautauquas
Book: Quit Like a Millionaire

Key takeaways from our chat with Kristy and Bryce
1 - The importance of finding your identity after FI
Kristy and Bryce officially left work 4 years ago, so they have quite a bit of experience when it comes to being FI. After 1 year of decompressing and travelling the world, Kristy and Bryce realised that they needed to figure out what to do. We spend so many years of our lives working that our job is closely tied to our identity, and so leaving our job can cause a bit of an identity crisis. For this reason Kristy recommends thinking about what you want to do before even reaching FI.
2 - Chautauquas are a great place to bring your SO
As early retirees, Kristy and Bryce travel the world and like to attend the Chautauquas. As Kristy says, the one she attended in 2017 was the best week of her life, thanks to all the strong connections she developed. J also explains that the Chautauquas in Ecuador were a great experience for her too, and it helped get her now husband on board with financial independence. Although not cheap, Chautauquas are a great place to help your SO understand what FI is about and meet like minded people.
3 - 'Quit like a Millionaire'
Kristy and Bryce's new book is releasing in early July, and covers the different lessons that Kristy learnt going through all the different socio-economic classes she lived through. She started off in complete poverty in China, and eventually made it through to middle class USA and then a millionaire. This book is to show people that anybody else can reach financial independence, no matter what economic background you come from. The book also goes through how to reach FI with kids and why it's not just for one type of personality.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jul 03 2019

31mins

Play

Rank #4: How I’m Retiring Next Year on a $500,000 Nest Egg | A Purple Life

Podcast cover
Read more
A Purple Life is retiring next year on a $500,000 FIRE number.

She is currently 29 years old, and living and working in Seattle. She's managed to reduce her expenses to $18,000 per year, and splits costs with her partner. She is also successfully living on a keto diet and is planning on going travelling next year once she hits her FI number.

You'll love her story.

We also chat about...

Moving from New York to Seattle
How she reduced her expenses to $18,000 per year
Why she does not combine finances with her partner
Living a keto diet
How she calculated her FIRE number
Life goals

Enjoy this chat with A Purple Life, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: A Purple Life
A Purple Life on Instagram and Twitter
Broke Millennial
How My Partner Convinced Me to Retire Early
Meet the Women of the Financial Independence Movement

Key takeaways from our chat with A Purple Life
1 - In the long run, living in the city is actually cheaper
Gwen and A Purple Life both agree that living in the city is actually cheaper. This is simply because it's easier to optimise expenses - transit is cheaper and you can do a ton of free things for entertainment. A Purple Life explains that she only spends money on what makes her happy - if she's meeting with someone she doesn't know she probably won't go to a restaurant. She also takes advantage of happy hours and makes sure her spending is intentional.
2 - Sometimes you're better off not combining expenses with your partner
A Purple Life and her partner have independent lives. They don't plan on getting married or on having kids, and since they both value different things they have agreed on keeping stuff separate and having different allowances. They won't be reaching FI at the same time and therefore have different plans for the future. A Purple Life explains that this has actually made her life way simpler and easier when it comes to planning.
3 - The benefits of having a public blog
A Purple Life used to be a private blog, but she turned it public 6 months ago when J convinced her to. She is very honest about her numbers and uses it as a diary to FI. She is very glad to have made it public - she's been able to make more connections and the transition has helped her realise who she really is. She even says that doing so she finally found what she wanted to 'retire to'.
4 - That unicorn job might still not be perfect
A Purple Life was looking for the perfect job, and she finally found it. But then a few months later, she realised she didn't want to continue working there. Thanks to this she realised that she simply did not want to work anymore and looked for other opportunities (hint hint, FI). Her partner introduced her to the FI concept and soon she will be free to do the 'non productive' things she likes doing (taking photos, cooking, travelling, etc). Go her 💪
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jan 30 2019

44mins

Play

Rank #5: Retiring at 37 | Chris Reining

Podcast cover
Read more
What if you could retire at 37? That's exactly what Chris Reining did.

Chris Reining retired at the age of 37 after working in cyber security for over 10 years. He slowly increased his savings rate, made sure to keep his expenses low and invest in index funds and a few stocks. Classic FI strategy, and now he gets to do pretty much what he wants.

You'll love his story.

We also chat about...

The difficulties of quitting your job
The importance of focusing on your income increase
Deciding what's best for health insurance
The misconceptions about FIRE
Chris' last two years as financially independent

Enjoy this chat with Chris, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Chris Reining
Suze Orman on Paula Pant's podcast
Becoming a millionaire is a letdown

Key takeaways from our chat with Chris
1 - Quitting your job isn't always easy
Chris tells us it took him 2 years to pull the plug because he didn't feel ready. He wanted to make sure he had enough money to retire and that all his investments were in place. He wanted it to be all planned and disciplined in order to reach his goal - and the good news is that it has and everything has been going pretty smoothly!

But he does admit it takes courage and a certain kind of personality to quit your job.
2 - Focus on the bigger wins
Chris explains the importance of focusing on increasing your income instead of just being as frugal as possible. As he says, there's a maximum at which you can decrease your expenses (diminishing gains), however your income can always increase. For this reason he encourages others in the FI community to focus on the income increase, on side hustles and bonuses, as well as removing the consumerism.
3 - People FIRE for different reasons
There is a misconception that being financially independent means sitting on a beach lathering yourself with coconut oil all day. But this is completely wrong; being FI means finally being able to work on the things you enjoy and value. This could be a job, it could be a side-hustle, it could be travelling around the world - it really is up to you. For Chris, it wasn't his job, so he decided to quit and now focuses on enjoying the present.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 14 2018

37mins

Play

Rank #6: How I Reached FI Without Saving 25 x My Annual Expenses | JT

Podcast cover
Read more
Most early retirees will tell you that you'll most likely still make money even after retire.

That's why JT decided he didn't need to reach the full 25 times his annual expense in order to quit his job and enjoy being with his family. Instead he has a runway for several years and is working on land investing to produce his main income.

You'll love his story.

We also chat about...

Reaching FI with 4 kids
The runway approach to FI
JT's current assets
How paternity leave gave him a taste of FI
Land investing as an income
His healthcare strategy

Enjoy this chat with JT, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Youtube video: Land Flipping 101 for Beginners
Episode: How to Create Passive Income from Etsy Digital Products | Mastermind Update
Camp Mustache
Chautauqua UK
FIREDrill Facebook group

Key takeaways from our chat with JT
1 - You don't need 25 times your annual expenses to quit your job
JT tells us that when attending a Camp Mustache, most early retirees told him that he'd still make money even after he was retired. After hearing this he decided to take the runway approach to FI; saving up for several years, quitting his job but still working 10-15 hours a week on a different project that will produce revenue. He is nowhere near meeting the 4% rule, but that's absolutely fine with him because he's still making money and has several years saved up in case the projects don't work.
2 - How JT quit his job 2 weeks ago
JT started talking to his boss about quitting in December of 2018, giving his company a good amount of time to find a replacement. Gwen explains that many people fall into two camps when quitting a job; either telling their boss well in advance and helping them find a replacement, or letting them know 2 weeks before quitting. This is really because it depends on the relationship with the manager and boss. JT tells us that he was lucky to have a good boss and his excellent relationship with his managers is what allowed him to make a large amount of money from the start.
3 - Land investing as an income
JT's current project is real estate investing with a twist. He sources land below market price and then sells it to the market at a discount. He explains that it's an easy model since it mostly uses all cash and the transactions are fast and easy. The hard part is finding the land at below market place. So far he's done deals on 16 properties and it takes him 3 months or so to sell them off. This is a great model since he explains that he gets cashback and residual income, and can expect at least a 100% return.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

May 08 2019

34mins

Play

Rank #7: Why Cutting Out Lattes Won’t Help you Reach FI | FIRE2Moms1Babe

Podcast cover
Read more
Courtney is a member of the LGBTQ community who reached FI earlier last year.

Courtney has been on her FI journey for 10 years. She is now married and with one child, and her and her wife have decided to keep working since they are now expecting a second child. She has experience house hacking, paying off student loan debt and reducing her expenses down to $25,000 per year.

You'll love that story.

We also chat about...

Courtney's journey to FI
Her first career and income
House hacking in Canada
Why the 3% or 3.5% withdrawal rate is safer
Making money does not have to be selfish

Enjoy this chat with Courtney, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Courtney's Instagram: FIRE2Moms1Babe
Courtney's blog: Modern FImily
The Frugal Philistine
All Options Considered
Millennial Revolution
Mad Fientist
J L Collins
Paula Pant
The Frugalwoods
ChooseFI
Early Retirement Now
Gold City Ventures

Key takeaways from our chat with Courtney
1 - Cutting out lattes won't help you reach FI
Courtney explains that cutting out small expenses such as lattes won't make a large difference on your path to financial independence. If you enjoy your lattes then there is no harm in buying one every so often. Courtney focuses on reducing large expenses such as her car and house. This value based spending approach has allowed her and her family of 3 to reduce expenses to $25,000 per year.
2 - Why Courtney decided to take a mortgage
Courtney was house hacking early on - she bought a four bedroom townhouse and rented out the other 3 bedrooms. Over the years she was able to pay it all off and then sold it for a $100,000 profit. This was enough to buy a new home, but instead she decided to take out a mortgage so she would have more cash to invest in other places and to protect herself against a possible crash. Their goal is to pay off their current house by 2021.
3 - The 3% withdrawal rate
Early Retirement Now explains that the 4% is a bit risky and that a 3 or 3.5% withdrawal rate is safer. Courtney explains that they could go as low as a 1.8% withdrawal rate since she's planning on receiving child benefits, making money through side hustles and taking advantage of the change rate between the US and Canada. What's your safe withdrawal rate?
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jul 17 2019

48mins

Play

Rank #8: Why FI is About Living Life on Your Own Terms | Millennial Money

Podcast cover
Read more
Ask yourself 'What kind of life do I want to live?' and then 'How much money do I need?'.

Grant reached financial independence at the age of 30. But he was working 80-90 hour work weeks and was focusing more on the spreadsheets than actually enjoy the journey of FI. He's now published his first book and is touring the US to meet other people in the FI community, spreading what he's learnt over the years. His message is that FI is about living life on your own terms, and that you don't always need a million to be there.

You'll love his story.

We also chat about...

FIRE events 2019
The good and the bad of these FIRE events
How Grant researched his book
Why he decided to write a book
Grant's book tour
His book giveaway

Enjoy this chat with Grant, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Fyre Festival Documentary
Chautauqua FI
Above the Clouds Retreat
Jim Collins
Vicki Robins
Afford Anything
Our Next Life
Millennial Revolution
Alan Donegan
Mr 1500
Montana Money Adventures
ChooseFI Local
Camp Mustache
Camp FI
Fincon
Millennial Money
Grant's book: Financial Freedom
Book: Your Money or Your Life
Mad Fientist
Root of Good
JD Roth
Financial Samurai
Fly to FI
Financial Freedom website

Key takeaways from our chat with Grant
1 - The good and the bad of FI events
At the beginning of the episode Gwen and J discuss the different FI events coming up in the year 2019 and their personal experiences in previous ones. All events include meeting very interesting and nice people. Chautauqua includes travelling abroad and getting to know 25 people for one entire week. The ChooseFI local groups are great to meet people in your own area. Camp Mustache is more superficial but you get to meet a lot of new people. Camp FI is an event with 40-50 people and is a great place to meet FI people in your region/state. Gwen and J recommend starting off with events in your local area before spending money on overseas events.
2 - Why it's worth writing a book
Grant has both a blog and a book. He tells us he wrote the book because he needed accountability, and wanted to fully reflect on what happen. He's also been to a lot of money events that are complete scams, so he wanted to create something that had credible true information. His book is a physical product that covers money from end to end, and the amazing part is that he is able to get the books translated and send them to schools, to libraries and all over the world. For him it was simply an easier way to spread the message of FI.
3 - Beware of the addiction
One highlight of Grant's FI journey is that he was working 80-90 hour work weeks in order to reach his goal. In 5 years he went from having an empty bank account to having over a million. This cost him a lot of work, which in the end he admits he might not have needed. He didn't need a million dollars, he argues that a 6 month emergency fund would have been enough. He says that FI can be a money addiction in itself - you're constantly focusing on the spreadsheet and hitting those numbers, but then never get to enjoy the money you're bringing in. This is why Grant says that FI for him is about living life on your own terms.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Feb 06 2019

1hr 5mins

Play

Rank #9: Work Optional, Retire Early; A 2 Phase Savings Approach | Tanja from Our Next Life

Podcast cover
Read more
Sometimes you're better off focusing your energy on getting a promotion at your day job than starting a side hustle. Would you agree?

Tanja appears once again on the podcast! This time, with a new book! Tanja retired at the age of 38 and 2018 was her first year of retirement. She describes it as a year full of travel, family visiting and writing her book. She also describes her interesting after tax saving strategy that separates her pension money from her FI money.

You'll love her story.

We also chat about...

Tanja's first year of early retirement
Her after tax saving strategy
Where the bulk of her savings are
Her fitness side hustle and why dropping it was the best thing she did
Her new book Work Optional, Retire Early

Enjoy this chat with Tanja, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Tanja's blog: Our Next Life
Tanja's new book: Work Optional, Retire Early the Non Penny-Pinching Way
The Fairer Cents podcast
FIREDrill episode with Tanja: Making Huge Impacts in the FI Community
Book: How to Retire Early
Choose FI Episode 112: Naseema Financially Intentional | How I Paid off 1 Million in Debt
Camp FI
Ecuador Chautauqua

Key takeaways from our chat with Tanja
1 - Time goes by slowly when you're free
Tanja tells Gwen and J what an amazing year she's had as an early retiree. She finally feels free and able to do what she wants, even if she's on a stricter budget. She had a lot of stuff going on, and yet the year went by slowly and she enjoyed it much more than if she was buried in work. She was able to attend the events that she wanted, visited more family and was able to write her newly released book. So far, early retirement is going pretty well!
2 - You'll probably need way more money when you're older
Tanja has an interesting after tax savings strategy. She doesn't know what her life will look like in 30 years, so she has one fund (her pension fund) in her 401k which she isn't planning on taking out until she's 59 1/2 years old. She has another fund which she has calculated will last her until she reaches 59 1/2 saved in taxable accounts. She argues that she would rather have a big cushion when she's older, and her aim when saving up was 30 times annual expenses. She says you won't regret putting aside more for your older years.
3 - A side hustle isn't always a good idea
An interesting argument; sometimes you're better off focusing on your main job and increasing your chances of a promotion rather than building your own side hustle. Tanja's side hustle was teaching yoga and spinning, which she says is a great side hustle: it's pretty easy to get a certificate, you get to work out and build a community and you make a not too bad $20/hour wage. However, if you focus on your job and get a $10,000 promotion... sometimes that's more worth it. It really depends on what you're potentially trading for with a side hustle.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Feb 13 2019

22mins

Play

Rank #10: Why I’m Prioritizing Quality of Life | Zero

Podcast cover
Read more
In what way would a medical disability change the way you approach financial independence?

Zero has had to deal with brain surgery and has had rheumatoid arthritis for a few years. It affects her work situation, her financial situation and her physical health, so she's had to adapt her path to FI with side hustles, passive income and insurance.

You'll love that story.

We also chat about...

Her medical history
Why she's prioritizing her body
Her current financial situation
How she quit her job to pursue her side hustles
Getting married

Enjoy this chat with Zero, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Zero's blog: Walking to FIRE
Zero on Twitter and Facebook
Interview: One American Woman’s Story About Disability and the Path to Financial Independence

Key takeaways from our chat with Zero
1 - The importance of prioritizing quality of life
The truth is no one knows how long they will be able to work for, and many times we take for granted being healthy. Zero is very aware that she can't just push through and work more hours to reach FI sooner, she needs to prioritize her health now so she can still be healthy in the future. This means she's moving to the suburbs, slowing life down and working from home so she can focus on having a healthy lifestyle.
2 - $100k is a good stability point
Zero was very excited to hit the $100k net worth mark, but after $100k she noticed that the numbers increasing did not fulfill her as much. She used to blame lack of money for all her problems, but now she realises that money doesn't solve everything and instead it has to be her that takes control of her journey and situation.
3 - The power of passive income
Zero is aiming for $3,000 in passive income per month, and she's at $1,200 at the moment. She sells video courses, e-books and has some affiliate income that gives her a regular salary. This gives her the headspace to focus on active income, on her health and on her personal FI journey.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 30 2019

43mins

Play

Rank #11: Managing the Scarcity Mindset | JD Roth

Podcast cover
Read more
What does your scarcity mindset look like?

Today Gwen interviews JD Roth live at FinCon! JD started blogging over 20 years ago, and started his personal finance blog in 2005. He explains what growing up poor taught him about money and how he manages his temptations nowadays.

You'll love how real his story is.

We also chat about...

How JD discovered FI
Why buying an old house and repairing it is expensive
How he controls his spending habits
His scarcity mindset and what it means for him

Enjoy this chat with JD Roth, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

JD's blog: Get Rich Slowly
Paula Pant's blog: Afford Anything
Financial Independence subreddit

Key takeaways from our chat with JD Roth
1 - Rent is the ceiling, the mortgage is the floor
Both Gwen and JD agree that fixing up an old house can be very expensive and can be a never ending hole in your pocket. After repairing the house, JD then wanted a hot tub and a nice deck, which meant even more expenses he hadn't planned for. So as Gwen says, the good thing about rent is that it stays the same every month and won't go higher (hopefully), whereas a mortgage is the minimum you'll spend, and can easily increase.

Keep this in mind next time you plan on buying a house!
2 - If you had a spending problem as a young adult...
JD tells us how he grew up poor and had some crazy spending habits when he started earning money. Gwen had the same issue growing up, which explains why she bought so much 'stuff' once she had money. This is the scarcity mindset that a lot of people who grow up poor deal with.

JD explains it as some kind of 'FOMO' (Fear Of Missing Out); he's scared that he might need the thing in the future, so he buys it just in case.

Gwen describes it as a big fear of being poor again. After quitting her job, the lack of income caused some stress and worry as it brought her back to her 'dark days' of poverty.

This goes to show how your money situation at a young age can deeply affect how you deal with money as an adult.
3 - How to avoid temptation
JD loves spending money on comics and videogames, and so has to control himself to make sure he doesn't overspend. He does this through avoidance. To make sure he isn't tempted, he simply stays away from comic book stores and videogames - he doesn't even check the subreddit anymore! By managing the triggers and reducing exposure, JD is able to control better his spending. Go JD!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 10 2018

35mins

Play

Rank #12: My Path to Financial Independence as an Introvert | FI Introvert

Podcast cover
Read more
Are introverts more interested in FI than extroverts?

Drew is an introvert on his path to FI, who was able to boost his career, finances and personal relationships by understanding his introversion and optimising his daily schedule.

You'll love that story.

We also chat about...

What introversion really means
The turning point of his career
Starting his FI journey
His current mindset with regards to FI
How having a child changed his path to FI

Enjoy this chat with Drew, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: FI Introvert
Drew on Twitter
Book: Quiet: The Power of Introverts in a World That Can't Stop Talking

Key takeaways from our chat with Drew
1 - Why introverts have a larger desire for FI
Drew notes that most of the big FI bloggers in the community are introverts. He says that the reason for this is because the desire for freedom as an introvert is much greater than for extroverts. Introverts want to be free from office small talk, from sales meetings and from feeling controlled by other people - so the need to quit their job is much more urgent.
2 - How Drew used his introversion to improve his career
Growing up as an introvert, Drew wasn't able to understand why he was different from others. People thought he was a terrible co worker and that he was arrogant. At the end of the day he had little energy and disliked his day to day work. After reading 'Quiet' by Susan Cain, he understood that he was an introvert and that he could use this to understand his limits and plan his day in advance. He was able to give more time to himself and have his own schedule - this boosted his career, his confidence and personal relationships.
3 - Mindset as a FI goal
Drew and his family have $1 million in investment assets. They just had a son and Drew enjoys his career, so the family isn't planning on retiring early any time soon. They've decided that their FI goal is a mindset, not a number. Once they reach the mindset of spending more time at home and living in a lower cost of living area, then they will consider themselves officially FI.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Sep 11 2019

45mins

Play

Rank #13: Reaching Cashflow FI in Our Late Twenties | Rethink the Rat Race

Podcast cover
Read more
James and Emily retired from the rat race at the ages of 27 and 28.

Through real estate investing and frugality, they managed to hit their Cashflow FI number in 3 years. Using their Cashflow strategy, they're planning to travel around Europe and continue to manage their properties from abroad.

You'll love that story.

We also chat about...

Their turning point to reach FI
Being Cashflow FI
Their real estate journey
Leaving their jobs and travelling around Europe

Enjoy this chat with James and Emily, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Rethink the Rat Race
Rethink the Rat Race on Facebook, Twitter and Instagram
Redfin
Camp Mustache
Miss Mazuma
Bigger Pockets
Camp FI
Ms Fiology
Gold City Ventures Blogging for Profit course

Key takeaways from our chat with James and Emily
1 - Reaching Cashflow FI
James and Emily keep their living expenses incredibly low, at less than $15,000 per year. As they reach FI, they're planning on spending even less. Thanks to their real estate properties, they're pretty much already there. The income they get every month more than covers their expenses (making over $72,000 per year) and with that money they're planning on living comfortably without working.
2 - Their real estate strategy
They currently own 10 units, having bought their first one in 2017. They buy triplexes and duplexes, and their first one was with a 25% deposit down and a 30 year mortgage. They invested in an excellent area and are now enjoy the 2% rule (where they make nearly 2% of the property every month). They set aside 10% for maintenance and 10% for property management, and so far it's been going pretty smoothly.
3 - What it's like leaving their jobs
They're going through all the paperwork to finally leave their jobs and go travel. Their strategy is to first take a leave of absence from work - but with no plan of ever returning! They're moving abroad to Europe, specifically Cyprus and will have the freedom to do whatever they want. Their friends and family are a mix of confused, excited and infatuated - as many of us know, converting people to FI lifestyle isn't so easy ;)
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Sep 04 2019

38mins

Play

Rank #14: Your 2019 Financial Goals!

Podcast cover
Read more
New Year, New Financial Goals!

In this episode Gwen and J receive voice messages and emails from people in the community talking about their financial goals for 2019. We also hear Gwen's achievements and goals for the year coming, as well as J's exciting news about her house and her financial plans.

You'll love this little chat.

We also chat about...

2018 side hustle recap
The comfort of having a paycheck
Voicemails from other bloggers
Gwen and J's financial goals
Up and coming for 2019

Enjoy this chat with Gwen and J, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Mad Fientist Spreadsheet
FIRE Drill Facebook Group
Tanya's Our Next Life blog
Donate to Uriah
Etsy Mastermind
Episode: How to Create Passive Income from Etsy Digital Products
Mad Fientist episode with J's husband: How to Get Fit (And Actually Enjoy it)
The FI Show
A Purple Life
YNAB
ChooseFI Blatimore
Tanya's book: Work Optional
Episode: Saving 70% of Your Income to Be With Your Kids
Fly to FI
MK's book: Enemies of the Peace

Key takeaways from the chat between Gwen and J
1 - Having a paycheck can be a huge relief
Gwen tells us that she received her first paycheck at her new job, and how relieved she is to be making good money again. Thanks to her new job, she now has health insurance and doesn't have to worry about breaking bones, and can now also afford therapy. Gwen realised that thanks to having a normal monthly paycheck she can enjoy life again and really enjoy the journey to FI. She plans on doing a stand up comedy course, on looking for a good place to live and putting money into her HSA.
2 - Your financial goals for 2019
We got tons of messages with everyone's 2019 goals! For James, 2018 was the year of discovery, so 2019 is the year of side hustles. Heidi will continue on her debt free journey all through out 2019, and Josh plans to max out his Roth IRA. Mary Kate is on a roll with clients through her new side hustle, and Chad is aiming for a 20% savings rate along with paying off his Chase card. Yvonne wants to learn the fundamentals on how to close a real estate sale and is aiming to save $100,000 in 2019 (wow!). Jenny wants to increase her 401k contributions, learn about real estate and work on some local causes she believes in.

Some amazing goals for 2019!
3 - Some expert budgeters give advice
Gwen tells us she budgets her after tax income from the month, and then extrapolates over the year. She tracks spending and translates that into an accurate looking budget. She's decided this year to not be so aggressive on keeping her expenses low and wants to have more fun. J also isn't keen on keeping a strict budget and uses the 'save first, spend the rest' method.

The FI Show explain the magic of local deals and using your freezer to store meat. A Purple Life tells us that her annual budget is based on the realities of last year. She uses YNAB to keep track and makes sure to not feel too restricted. Other bloggers tell us how they use envelopes, different accounts and cash to manage their money. Some pretty great tactics and strategies!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Jan 09 2019

58mins

Play

Rank #15: A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream

Podcast cover
Read more
Everyone's dream is to earn a healthy passive income every month.

Jennifer and her husband earn 6 figures every year in passive income from their real estate business. The interesting part? They follow a slightly different business model and strategy. They also spend most of their time travelling around the world with their 4 year old child.

You'll love that story.

We also chat about...

How Jennifer got started with real estate
Her property criteria
How to travel with a 4 year old
The pros and cons of renting out to disabled tenants
Her business helping out other investors

Enjoy this chat with Jennifer, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Jennifer's websites: Addicted to ROI and Agents Invest
Jennifer on Instagram
DHCS 

Key takeaways from our chat with Jennifer
1 - Getting started with real estate
Jennifer bought her first house at the age of 21 - she dropped out of college to work for a real estate company and immediately fell in love with the real estate world. Her husband worked in construction, and together they started buying houses, bit by bit. They would buy one house, live there for a year and then buy a second house. They kept switching and used the BRRR strategy (Buy, Rehab, Rent, Refinance) to get the majority of their investment back. They've bought properties mostly in Seattle, but in other states as well.
2 - Renting out to disabled tenants
What makes Jennifer's real estate strategy different is that she and her husband rent out to disabled tenants. They interact solely with a healthcare provider that helps disabled people find homes and provides them with healthcare assistants. The pros? Jennifer and her husband enjoy 35% more cashflow, no turnover and 100% occupancy at all times. The only cons are that they need to keep re educating new staff and there is usually more wear and tear on the houses. But overall, a creative and sound real estate investing strategy!
3 - How she created her ideal lifestyle
Since building a 6 figure passive income stream, Jennifer has found a new passion: helping other people build passive income streams. The real estate investing world can get lonely, and by helping others she's able to make friends, help others and build a network as well. Nowadays, she works purely on her real estate network and organises meetups - the rest of the time she and her family and travelling the world and enjoying their passive income.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 09 2019

40mins

Play

Rank #16: How Our Government Jobs Helped Us Reach FI | Our Rich Journey

Podcast cover
Read more
Do you dream of retiring before your 40s?

Amon and Christina retired at age 39 and moved to Portugal with their two daughters. Thanks to their government jobs, they were able to achieve a very high savings rate of 70% and build a nest egg of 25 times their annual expenses in just 8 years. They've now been retired for 3 months and enjoy their time relaxing and spending more time with their girls.

You'll love that story.

We also chat about...

How they got started on their journey
Their FIRE numbers
Why they got government jobs
Their asset allocation
Dealing with health insurance abroad

Enjoy this chat with Amon and Christina, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Our Rich Journey
Our Rich Journey on Youtube and Instagram
Video: Top 5 Companies Always Hiring

Key takeaways from our chat with Amon and Christina
1 - The journey starts with the right mindset
Christina and Amon explain that the FIRE movement is a unique world where many people outside believe that reaching FI is not possible. But they argue that it is possible if you have the right mindset and keep a positive attitude. Their journey started by working on their mindset, and then they started saving money, investing in real estate and educating themselves about money management.
2 - How they were able to save 70% of their income
They attribute their high savings rate to having government jobs that paid for all their living expenses abroad. They worked in Japan and in Spain, and were able to live for 10 years mortgage and rent free. They also saved on insurance and transportation, and would travel for free with credit card hacks. They had the purpose of FI and kept putting that money into the stock market to be able to retire early. The good news: there are a lot of opportunities to work with the federal government and it's not hard to get a job with them overseas.
3 - Their lifestyle in Portugal
The couple describe their life as an extended European dream. Their days are extremely flexible and they have a 'semi-structured' life with their girls going to school everyday. They're in Portugal on a retirement visa and have decided to focus on building their children and spending as much as time as they can with them.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 06 2019

37mins

Play

Rank #17: When is the right financial time to have kids? | Financial Samurai

Podcast cover
Read more
How do you figure out the right time to have kids?

After leaving his job at the age of 34 (with a very sweet severance package), Sam from Financial Samurai didn't feel ready for kids. Quite a few years later, he wishes he had had them sooner. Where do kids fit in your FI plan?

Sam has a very interesting story and you will love hearing his advice and family planning tips.

We also chat about...

The quick path to FI
The middle-class families with $300,000 incomes
His biggest mistakes when family planning
Why you want a severance package
How to engineer your layoff

Enjoy this chat with Sam, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

The Financial Samurai Podcast
Sam's blog: The Financial Samurai
Sam's book: How to Make Money Quitting Your Job ($35 off using the code 'Firedrill')
The $300,000 per year Middle Class Income
Sam on Twitter

Key takeaways from our chat with Sam
1 - Family timing is hard
Sam's biggest mistake was thinking he needed too much money and time before having kids. Now he wishes he started sooner.

The truth is that having kids screw up your FI plans. You could end up trying for ages and delaying your FI plans, or you may have to try other methods such as IVF or surrogacy, costing you more. Kids take energy and time, so the sooner you start the better.
2 - You have more power as an employee than you think
Sam explains how he engineered his layoff through a pretty sweet severance package. The trick: understanding that you have more power than you think.

Your company wants to be on good terms with you: losing you on bad terms could cost them a lot of money and stress. Not only do they need to find and re-train someone, but leaving an angry message on social media can cost them their reputation.

Sam explains that once you realise this, you can negotiate a good severance package with your company and stay on good terms.
3 - How to accelerate your path to FI
Sam lives in the Bay area and explains that middle-class families living there have an income of $300,000 (wow!). Why? Because they work in tech companies and have huge starting salaries.

If you want to make good money and reach FI quickly, the key is having a job in an industry that pays well (yes, Bay area). Study a degree that will pay you the most, and then work, save and invest till your FI number. It's not for everyone, but you'll end up retiring at 34 just like Sam!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Aug 05 2018

43mins

Play

Rank #18: How We Manage Our 9 Rental Properties | Handful of Thoughts

Podcast cover
Read more
Is property part of your portfolio in order to reach FI?

Maria and her husband own 9 rental properties, and have a net worth of over a million. They're aiming for a net worth of $3 million in order to reach FI, and have some pretty nifty real estate hacks to share with us.

You'll love that story.

We also chat about...

Maria's personal finance journey
Canada's maternity leave
Dealing with tenants
Future FI goals

Enjoy this chat with Maria, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Handful of Thoughts
Maria on Instagram
FI after 50
Camp Mustache

Key takeaways from our chat with Maria
1 - Canada's maternity leave is pretty sweet
In Canada, maternity leave can be 12 months or 18 months. Maria and her husband used up their maternity and were able to split it between the two quite evenly. This allows Maria as well as her husband to go back to work fully rested and with the right energy. Julie mentions she's able to get 8 month maternity leave.
2 - How they're investing in real estate to reach FI
Maria works as a teacher, and along with her husband they own 9 rental properties with a total net worth of $1.3 million. The first $1 million took them 8 years, and they're planning on the next one to take 5 years. They already have a pretty flexible lifestyle and plan in the future to homeschool their kids.
3 - A few tenant hacks
As a landlady, Maria has had to deal with a few difficult cases - she had to take one tenant to court because of the state in which they left the flat when they moved out. But she was still able to get her money back thanks to one good hack: asking for an emergency contact before the tenant moves in. The mother of the tenant was then able to represent the tenant in court. Other hacks include trusting your gut, and sending a birthday card on the tenant's birthday.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 20 2019

32mins

Play

Rank #19: How I’m Transitioning into a Digital Nomad Lifestyle | Nomad on FIRE

Podcast cover
Read more
Have you ever dreamt of pursuing a digital nomad lifestyle?

Eric started his digital nomad journey by joining a work travel program called Remote Year after saving up enough of a cash buffer. His plan is to continue working remotely after Remote Year is over and living a full on digital nomad lifestyle.

You'll love that story.

We also chat about...

Eric's background
What Remote Year is like
How he's planning on making an income
A day in the life of a digital nomad

Enjoy this chat with Eric, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Eric's blog: Nomad on FIRE
Eric on Twitter and Instagram
Reddit thread /buildapc
New Egg
ChooseFI Facebook Group
Remote Year
Episode: The DIY approach to building skills, becoming a millionaire, and finding your passion | Grant Sabatier of Millennial Money
NomadList
Mr Free at 33
The Earth Awaits
NomadSummit 2020
No More Harvard Debt
Episode: A New Travel Hack: Mystery Shopping | Financial Roadways

Key takeaways from our chat with Eric
1 - Remote Year is a good way to transition into the digital nomad lifestyle
Remote Year is a work travel program that offers accommodation and co-working passes to a group of people who live a digital nomad lifestyle together. Although a little on the pricier side, Eric argues this is a great way to try the digital nomad life along with a community. He gets to meet a lot of interesting people from diverse backgrounds and several different skills, all while travelling and working on his side hustles.
2 - Geoarbitrage as a strategy
Eric is using geoarbitrage to make his money last longer - by earning in a strong currency and spending in a weaker currency in cheaper locations. Him and his girlfriend get to save more money and travel more. He also uses travel rewards, and recently started a blog to document his journey and make some extra money.
3 - How Eric saved up $30k to travel abroad
Eric was working a high paying job but lacked work life balance. He was always a decent saver and made sure to max out his tax advantaged accounts and avoid lifestyle inflation. He treated his saving as a game, and made it a challenge at the end of every month to find ways to cut back and save more. The most important: finding what your why is. That's his plan for the year ahead.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Dec 11 2019

40mins

Play

Rank #20: The Top Places to Live as an Early Retiree | Community Episode

Podcast cover
Read more
What is the best place in the world for early retirees to live in?

In today's episode, Julie plays voicemails, reads out tweets and emails from members of the FIRE community on the best places to live as a financially free retiree. We hear about places in the US, South America and everywhere else in the world!

We also chat about...

The best states and cities to live in the US
What's important when considering a new city to live in
Places outside of the US that are great to live in

Enjoy this community episode, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Savvy History
Legislative Lottery in New Mexico
Financial Pilgrimage
Post: 10 Reasons Why St. Louis is a Great Place to Raise a Family
Stop Ironing Shirts
Finance Clever
The Earth Awaits
PitchWire

Key takeaways from our Community Episode
1 - Knoxville, Tennessee
Christina and Matt give us a detailed explanation as to why Knoxville is such a great place for early retirees. The cost of living is low, there are many activities involving culture, sports and especially the outdoors; Knoxville has over 50 miles of trails and tons of public parks. The city has a big art and music scene, and the Discovery channel have their headquarters based there. The couple enjoy a high level of entertainment and believe they could not reach FI anywhere else.
2 - The state of New Mexico
Debbie brings the state of New Mexico to the top of the list for early retirees. She mentions that public education is cheap and the legislative lottery is a big help for university students. In the summer the weather is warm and dry, and in the winter there's skiing and other winter sports. The only negative is that there is a lack of diversity when it comes to jobs, but for an early retiree this shouldn't be an issue.
3 - Places outside of the US
Many other places are mentioned in the US as well in the rest of the world. Natalia talks about how amazing the health insurance in Costa Rica is, Finance Clever tells us about Medellin in Colombia and Colleen mentions Panama city. Other places mentioned are Lisbon, Chang Mai, Taiwan and the UK!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Aug 28 2019

27mins

Play

We Are a Strong Community and My Request For You

Podcast cover
Read more
Email me at j@firedrillpodcast.com

Mar 22 2020

10mins

Play

Parent Goals: How Rachel Teodoro Has College Tuitions and Her Mortgage Handled

Podcast cover
Read more
My name is Rachel Teodoro and I am a mom of three kids living in the greater Seattle area with my husband Mike, who is a mechanical engineer. We met while attending Purdue University in West Lafayette, Indiana. I am a lover of all things thrifty and can be found trolling for garage sales nearly every weekend. I like to craft, create and decorate my home with my thrifty finds. I am always happy to share my tips and tricks for living well on less.
From Rachel's website - https://www.rachelteodoro.com/
Popular Posts of Rachel's:

No Spend Challenge overview
Our No Spend Challenge rules
No Spend Challenge blog posts:

The Real Cost of the Impulse Buy

Saving money on Utilities

Surprising Library Benefits that will save you Money

How to Save Money with a Pantry Challenge

20 Things Frugal People Do Every Day

Rachel on Social:

Twitter - https://twitter.com/msrachelteodoro
Facebook -https://www.facebook.com/msrachelteodoro/
Instagram: https://www.instagram.com/msrachelteodoro/

Mar 11 2020

45mins

Play

We Early Retired in Late 2018 For World Travel | Ali and Alison Walker

Podcast cover
Read more
We are Ali and Alison Walker, and we used to call Seattle, Washington our home. We met in 2004, married in 2006, and retired in 2018. After reaching Financial Independence we wanted a complete and total change from our career-focused lives. We decided that meant leaving our Seattle life behind and making travel our new lifestyle. By November of 2018 we had sold our home and car, let go of 99% of our belongings, and left Seattle to travel the world indefinitely.

From their blog, All Options Considered

https://alloptionsconsidered.com

Mar 04 2020

40mins

Play

Your Aging Parents and Healthcare | US Medicare

Podcast cover
Read more
An important discussion about the Baby Boomer generation and healthcare in the US with Medicare insurance expert Danielle Kunkle.

Boomer Benefits

Feb 12 2020

38mins

Play

Negotiation and Influence in Corporate Culture with Dr. Nancy Li

Podcast cover
Read more
Nancy's freebie on the decision making process

Her YouTube channel: Dr Nancy Li

Feb 05 2020

31mins

Play

Mortgage Rebates, Airbnb, and Travel Deals with Dave Homyak

Podcast cover
Read more
Enjoy this special live podcast episode with early retiree Dave Homyak.

You can join the Facebook group here.

Jan 22 2020

45mins

Play

Your Frugal Friend Sasha

Podcast cover
Read more
Today's episode is with Sasha of Your Frugal Friend blog and Etsy shop. Sasha is a thirty-something mother of two and accountant who makes incredible budgeting spreadsheets and sells them on Etsy. She has paid off over $60,000 of debt to date and is on the path to financial independence in Austin, Texas.

Learn more about Sasha:

Sasha's Blog

Etsy Shop

YouTube Channel

Other links:

Etsy Printables Course

Podcast Facebook group for Live Episodes

Jan 15 2020

53mins

Play

Walking the Camino de Santiago and the EconoMe Conference

Podcast cover
Read more
Today's episode is sponsored by the EconoMe Conference which is a conference for the financial independence community on March 7th, 2020 in Cincinnati, Ohio.

You can win a free ticket to the event by commenting on this thread in our Facebook group.

Fire Drill listeners receive 10% off tickets for this event using the code FIREDRILL. Learn more here: https://economeconference.com

Jan 08 2020

36mins

Play

2019 Year in Review with Julie

Podcast cover
Read more
Links from today's episode:

Doug's Personal Training Website: Monumental Strength

The top 5 downloaded episodes of 2019:

A Purple Life Episode

Mortgage Payoff Debate

Grant Sabatier of Millennial Money

JT Episode

Tanja Hester

Dec 19 2019

Play

How I’m Transitioning into a Digital Nomad Lifestyle | Nomad on FIRE

Podcast cover
Read more
Have you ever dreamt of pursuing a digital nomad lifestyle?

Eric started his digital nomad journey by joining a work travel program called Remote Year after saving up enough of a cash buffer. His plan is to continue working remotely after Remote Year is over and living a full on digital nomad lifestyle.

You'll love that story.

We also chat about...

Eric's background
What Remote Year is like
How he's planning on making an income
A day in the life of a digital nomad

Enjoy this chat with Eric, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Eric's blog: Nomad on FIRE
Eric on Twitter and Instagram
Reddit thread /buildapc
New Egg
ChooseFI Facebook Group
Remote Year
Episode: The DIY approach to building skills, becoming a millionaire, and finding your passion | Grant Sabatier of Millennial Money
NomadList
Mr Free at 33
The Earth Awaits
NomadSummit 2020
No More Harvard Debt
Episode: A New Travel Hack: Mystery Shopping | Financial Roadways

Key takeaways from our chat with Eric
1 - Remote Year is a good way to transition into the digital nomad lifestyle
Remote Year is a work travel program that offers accommodation and co-working passes to a group of people who live a digital nomad lifestyle together. Although a little on the pricier side, Eric argues this is a great way to try the digital nomad life along with a community. He gets to meet a lot of interesting people from diverse backgrounds and several different skills, all while travelling and working on his side hustles.
2 - Geoarbitrage as a strategy
Eric is using geoarbitrage to make his money last longer - by earning in a strong currency and spending in a weaker currency in cheaper locations. Him and his girlfriend get to save more money and travel more. He also uses travel rewards, and recently started a blog to document his journey and make some extra money.
3 - How Eric saved up $30k to travel abroad
Eric was working a high paying job but lacked work life balance. He was always a decent saver and made sure to max out his tax advantaged accounts and avoid lifestyle inflation. He treated his saving as a game, and made it a challenge at the end of every month to find ways to cut back and save more. The most important: finding what your why is. That's his plan for the year ahead.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Dec 11 2019

40mins

Play

A New Travel Hack: Mystery Shopping | Financial Roadways

Podcast cover
Read more
Mystery shopping might be the new travel rewards hack.

Johnny uses travel rewards and mystery shopping to go on holiday for free. Him and his wife are using rental properties to fast track their path to FI, with Johnny's goal is to be able to take summers off by the age of 35.

You'll love that story.

We also chat about...

How to make the most of travel rewards
Where to get travel reward information
The value of mystery shopping

Enjoy this chat with Johnny, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Johnny's blog: Financial Roadways
Johnny on Twitter
Jobspotter app
Frequent Travel University
Episode: Rethink the Rat Race

Key takeaways from our chat with Johnny
1 - Mystery shopping is just as valuable
Mystery shopping involves using a service for free and filling in a survey/review in return. This is usually done with restaurants, holidays and hotels. Johnny provides quality reports and literally gets paid to go on holiday or to eat a delicious meal at a restaurant. A new travel hacking technique?
2 - Travel rewards and minimum spending
The problem with many travel reward credit cards is that the minimum spend is pretty high, and that can put off some people, especially since you can't pay bills with a credit card. Johnny and his family use a third party software that allows you to pay bills from your credit card, and if you don't meet the minimum spend that month, you can prepay the bills or use a gift card. This is what allows him, his family and his in-laws to go on holiday to Jamaica at a resort, all for free.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Dec 04 2019

35mins

Play

How I Transitioned My Career into Tech with a Coding Bootcamp | Caitlyn

Podcast cover
Read more
One of the best ways to increase your income is to do a career transition

Caitlyn changed from sales in the beer industry to working as a software engineer. After an intense 6 months completing a coding bootcamp, she was able to find a higher paying job as a software engineer with a better work life balance and pretty much everything she was looking for in a job.

You'll love that story.

We also chat about...

Caitlyn's early career
How she completed the coding bootcamp
How she got her job as a software engineer
Managing coding interviews
How not to screw up your career transition

Enjoy this chat with Caitlyn, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Caitlyn on Twitter
Hackerank

Key takeaways from our chat with Caitlyn
1 - The first step to a career switch
Caitlyn was working in the beer industry in sales, but wanted to work in tech. Her first step was researching bootcamps online and picking a bootcamp with good reviews and that wasn't too expensive. She completed her bootcamp online since she didn't have the patience or time to go back to school, and didn't get into debt to pay for the course.
2 - How she found a job immediately after finishing the bootcamp
Her bootcamp was 6 months long. She started networking for jobs at the 4 month mark, and says this is what allowed her to find a job at the perfect timing. During her job search she researched different companies, did many interviews and used the skills she acquired working in sales to set her apart from other candidates. The personal connection she got from networking meant she was more likely to be considered for a job position.
3 - Are bootcamps worth it?
Caitlyn believes bootcamps are a great option. They cost a fraction of what a college degree costs, allow you to work remotely and provide you with many more opportunities. Caitlyn used Twitter to connect with other tech people and commit herself to the challenge of learning how to code - she made a lot of friends and it helped her transition career. It's important to network as well as complete the bootcamp - if that's what you do, then a coding bootcamp is very much worth it.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 27 2019

21mins

Play

How We Manage Our 9 Rental Properties | Handful of Thoughts

Podcast cover
Read more
Is property part of your portfolio in order to reach FI?

Maria and her husband own 9 rental properties, and have a net worth of over a million. They're aiming for a net worth of $3 million in order to reach FI, and have some pretty nifty real estate hacks to share with us.

You'll love that story.

We also chat about...

Maria's personal finance journey
Canada's maternity leave
Dealing with tenants
Future FI goals

Enjoy this chat with Maria, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Handful of Thoughts
Maria on Instagram
FI after 50
Camp Mustache

Key takeaways from our chat with Maria
1 - Canada's maternity leave is pretty sweet
In Canada, maternity leave can be 12 months or 18 months. Maria and her husband used up their maternity and were able to split it between the two quite evenly. This allows Maria as well as her husband to go back to work fully rested and with the right energy. Julie mentions she's able to get 8 month maternity leave.
2 - How they're investing in real estate to reach FI
Maria works as a teacher, and along with her husband they own 9 rental properties with a total net worth of $1.3 million. The first $1 million took them 8 years, and they're planning on the next one to take 5 years. They already have a pretty flexible lifestyle and plan in the future to homeschool their kids.
3 - A few tenant hacks
As a landlady, Maria has had to deal with a few difficult cases - she had to take one tenant to court because of the state in which they left the flat when they moved out. But she was still able to get her money back thanks to one good hack: asking for an emergency contact before the tenant moves in. The mother of the tenant was then able to represent the tenant in court. Other hacks include trusting your gut, and sending a birthday card on the tenant's birthday.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 20 2019

32mins

Play

Why We Don’t Include Our House in Our Net Worth | Money Hacking Mama

Podcast cover
Read more
Do you include your house and car in your overall net worth?

Rachel and her family are aiming for a FIRE number of $2 million. Her and her husband focus on a high savings rate, prioritising their budget and building a side income to speed up their journey.

You'll love that story.

We also chat about...

Budgeting categories
How they manage big expenses
Their total net worth
How Rachel is participating in GCV's blogging and Etsy course

Enjoy this chat with Rachel, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Money Hacking Mama
Rachel on Instagram
Gold City Ventures
Article: The Shockingly Simple Math to Early Retirement
Net Worthify Calculator
Redfin
YNAB

Key takeaways from our chat with Rachel
1 - How Rachel keeps a high savings rate
Rachel uses YNAB to do all her budgeting, keep track of her net worth and manage all her expenses. She looks at the big picture of her yearly expenses and compares it to her income. From there she can easily prioritise her values, and figure out what she needs to cut down to keep a high savings rate. This means she's more careful when buying gifts at Christmas, for example.
2 - Why her house and car are not part of her net worth
Her household's net worth is currently $650k, and her and her husband are aiming for $2 million. This does not include their house and car since she says that those two, although assets, won't pay them any money. Having said this, both assets will be paid off by the time they're retired.
3 - Her experience with blogging and Etsy
Rachel joined Gold City Ventures because she always wanted to manage a blog and make some side income online. She knew she needed someone to help her with the technical side, and the course has helped her through every milestone. The community is very powerful and this keeps her posting regularly. She's also started with Etsy and has completed over 60 sales!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 13 2019

51mins

Play

How Our Government Jobs Helped Us Reach FI | Our Rich Journey

Podcast cover
Read more
Do you dream of retiring before your 40s?

Amon and Christina retired at age 39 and moved to Portugal with their two daughters. Thanks to their government jobs, they were able to achieve a very high savings rate of 70% and build a nest egg of 25 times their annual expenses in just 8 years. They've now been retired for 3 months and enjoy their time relaxing and spending more time with their girls.

You'll love that story.

We also chat about...

How they got started on their journey
Their FIRE numbers
Why they got government jobs
Their asset allocation
Dealing with health insurance abroad

Enjoy this chat with Amon and Christina, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: Our Rich Journey
Our Rich Journey on Youtube and Instagram
Video: Top 5 Companies Always Hiring

Key takeaways from our chat with Amon and Christina
1 - The journey starts with the right mindset
Christina and Amon explain that the FIRE movement is a unique world where many people outside believe that reaching FI is not possible. But they argue that it is possible if you have the right mindset and keep a positive attitude. Their journey started by working on their mindset, and then they started saving money, investing in real estate and educating themselves about money management.
2 - How they were able to save 70% of their income
They attribute their high savings rate to having government jobs that paid for all their living expenses abroad. They worked in Japan and in Spain, and were able to live for 10 years mortgage and rent free. They also saved on insurance and transportation, and would travel for free with credit card hacks. They had the purpose of FI and kept putting that money into the stock market to be able to retire early. The good news: there are a lot of opportunities to work with the federal government and it's not hard to get a job with them overseas.
3 - Their lifestyle in Portugal
The couple describe their life as an extended European dream. Their days are extremely flexible and they have a 'semi-structured' life with their girls going to school everyday. They're in Portugal on a retirement visa and have decided to focus on building their children and spending as much as time as they can with them.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Nov 06 2019

37mins

Play

Why I’m Prioritizing Quality of Life | Zero

Podcast cover
Read more
In what way would a medical disability change the way you approach financial independence?

Zero has had to deal with brain surgery and has had rheumatoid arthritis for a few years. It affects her work situation, her financial situation and her physical health, so she's had to adapt her path to FI with side hustles, passive income and insurance.

You'll love that story.

We also chat about...

Her medical history
Why she's prioritizing her body
Her current financial situation
How she quit her job to pursue her side hustles
Getting married

Enjoy this chat with Zero, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Zero's blog: Walking to FIRE
Zero on Twitter and Facebook
Interview: One American Woman’s Story About Disability and the Path to Financial Independence

Key takeaways from our chat with Zero
1 - The importance of prioritizing quality of life
The truth is no one knows how long they will be able to work for, and many times we take for granted being healthy. Zero is very aware that she can't just push through and work more hours to reach FI sooner, she needs to prioritize her health now so she can still be healthy in the future. This means she's moving to the suburbs, slowing life down and working from home so she can focus on having a healthy lifestyle.
2 - $100k is a good stability point
Zero was very excited to hit the $100k net worth mark, but after $100k she noticed that the numbers increasing did not fulfill her as much. She used to blame lack of money for all her problems, but now she realises that money doesn't solve everything and instead it has to be her that takes control of her journey and situation.
3 - The power of passive income
Zero is aiming for $3,000 in passive income per month, and she's at $1,200 at the moment. She sells video courses, e-books and has some affiliate income that gives her a regular salary. This gives her the headspace to focus on active income, on her health and on her personal FI journey.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 30 2019

43mins

Play

How I Turned a Facebook Group into a Full Time Income | Grouptize

Podcast cover
Read more
Have you ever thought of turning your own community into a 6 figure side hustle?

Melissa started a local community Facebook group to help locals find out what's going on in town, recommend businesses to each other and work on initiatives together. This community group now provides her with a full time income and the flexibility to work when and where she wants.

You'll love that story.

We also chat about...

How to monetize a Facebook group
What to charge and to whom
The emotional side of being a group admin
The pros and cons of managing a community
How to stay on top of content

Enjoy this chat with Melissa, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Grouptize
Grouptize Review
Grouptize Community Facebook Group
Get your BONUS by contacting me here

Key takeaways from our chat with Melissa
1 - A Facebook town group is essential for every community
Melissa believes every community should have a Facebook group with business recommendations, town information and events. She started her group 6 months before being laid off, and quickly realized she could turn this into a full time income. The group is linked to a website, has a daily e-newsletter and a business directory. The biggest bonus? Everyone in this group is a pre-targeted and interactive audience, a perfect location for businesses to advertise.
2 - How Melissa monetizes her group
Melissa started by offering listings for free, if a business is then interested in upgrading their listing, they can do so for an annual fee. She also has traditional web ads and sponsored stories. Her ad customers range from anything local, to people with side gigs, to realtors and anyone looking to help out. A sponsored story pays her $250, and with 20 stories a week, it's easy to see how this can quickly grow into a full time business.
3 - How you can get started too
Melissa had little Wordpress experience - she says that if you can navigate Google, you can set up a community Facebook group too. She recommends hiring help to manage the admin, and to have the right processes in place. Not all groups have to be local - pet and mom groups can be very successful too. If there already are Facebook groups in your area, assess them and see if you can add a bit more value. It does take time to build a community, but if you keep adding content and providing value, it can quickly blossom.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 23 2019

41mins

Play

Entrepreneurship and Motherhood | Smart Money Mamas

Podcast cover
Read more
What are 10 things you would want your child to know about money?

Chelsea quit her job as a hedge fund manager 2 years ago and decided to pursue entrepreneurship to stay at home with the kids and take care of herself. She's working on building a blogging income and is the organizer behind the Mama Talk Money Summit next week.

You'll love that story.

We also chat about...

Entrepreneurship and work life balance
How she's adjusted her spending habits
Managing maternity leave
The Mama Talk Money Summit

Enjoy this chat with Chelsea, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Chelsea's blog: Smart Money Mamas
Mama Talk Money Summit Pass
Mama Talk Money Summit Schedule
Mama Talk Money Summit Quiz
Montana Money Adventures
Rich and Regular
Chelsea on Instagram

Key takeaways from our chat with Chelsea
1 - Managing entrepreneurship after corporate America
Chelsea left her job 2 weeks before having her second child, so she could stay at home with her family and not feel stressed from work. She started working on her blogging income and other projects, building a financial independence lifestyle that would be sustainable for her and her family. Since then she's realised the importance of finding a balance between mental health and happiness, and that ideally you want to be pursuing FI as well as finding a career you love.
2 - The importance of self-care during maternity leave
After having her second baby, Chelsea was not able to completely shut off, since she was just getting started with entrepreneurship. She believes it's important for new mothers to be able to completely turn off and focus on their babies. Self-care is important also because there is a lot of stigma around giving birth, and friends and family can be quick to offer their own opinions on how to raise a kid. For mothers, it's easy to feel that they're doing something wrong, so it's important to find time for themselves.
3 - The Mama Talk Money Summit
This online summit will be taking place next week from the 21st to the 24th of October. 40 female speakers will be conducting sessions about all topics on motherhood and money. There will also be big giveaways, coaching, courses and a pajama party on the last day. The summit is free to attend, with an add on of notes, q&a sessions and transcripts when buying the All Access pass. A ton of free financial information on many different topics  - a must attend event!
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 16 2019

43mins

Play

A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream

Podcast cover
Read more
Everyone's dream is to earn a healthy passive income every month.

Jennifer and her husband earn 6 figures every year in passive income from their real estate business. The interesting part? They follow a slightly different business model and strategy. They also spend most of their time travelling around the world with their 4 year old child.

You'll love that story.

We also chat about...

How Jennifer got started with real estate
Her property criteria
How to travel with a 4 year old
The pros and cons of renting out to disabled tenants
Her business helping out other investors

Enjoy this chat with Jennifer, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Jennifer's websites: Addicted to ROI and Agents Invest
Jennifer on Instagram
DHCS 

Key takeaways from our chat with Jennifer
1 - Getting started with real estate
Jennifer bought her first house at the age of 21 - she dropped out of college to work for a real estate company and immediately fell in love with the real estate world. Her husband worked in construction, and together they started buying houses, bit by bit. They would buy one house, live there for a year and then buy a second house. They kept switching and used the BRRR strategy (Buy, Rehab, Rent, Refinance) to get the majority of their investment back. They've bought properties mostly in Seattle, but in other states as well.
2 - Renting out to disabled tenants
What makes Jennifer's real estate strategy different is that she and her husband rent out to disabled tenants. They interact solely with a healthcare provider that helps disabled people find homes and provides them with healthcare assistants. The pros? Jennifer and her husband enjoy 35% more cashflow, no turnover and 100% occupancy at all times. The only cons are that they need to keep re educating new staff and there is usually more wear and tear on the houses. But overall, a creative and sound real estate investing strategy!
3 - How she created her ideal lifestyle
Since building a 6 figure passive income stream, Jennifer has found a new passion: helping other people build passive income streams. The real estate investing world can get lonely, and by helping others she's able to make friends, help others and build a network as well. Nowadays, she works purely on her real estate network and organises meetups - the rest of the time she and her family and travelling the world and enjoying their passive income.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 09 2019

40mins

Play

Travelling the World for Free as a Travel Blogger | MVMT Blog

Podcast cover
Read more
Imagine travelling the world and only paying for the flights.

Diana Chen is a full time travel blogger. Thanks to her blog she gets to try out hotels, resorts and adventure packages for free in exchange for a review or social media posts. She also makes money blogging and recently released a course to learn how to pitch to companies.

You'll love that story.

We also chat about...

Diana's journey as a travel blogger
Her different travel adventures
How she makes money online
How to get started as a travel blogger
Her future travel plans

Enjoy this chat with Diana, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Blog: MVMT Blog
Episode Travel On a Budget and Entrepreneurship with MVMT Blog
Article: Hacking My Engagement Ring with Moissanite
Course: Travel Pitch Masters (50% off using code 'firedrill')
MVMT Blog on Facebook and Twitter
MVMT Blog Facebook Group
Gold City Ventures Blogging for Profit course

Key takeaways from our chat with Diana Chen
1 - How Diana makes money with her travel blog
Diana makes money in a variety of different ways. With certain companies, she gets offered free trips in exchange for reviews or a feature. With others, she has her own rates and packages she offers in exchange for payment compensation. She also hosts ads on her blog and does affiliate marketing. Usually she pays for her own flights, and then reaches out to hotels that fit her blog and readers interest. From there she finds hotels to host her and enjoys gets free accommodation!
2 - How to make money when starting out
Diana got her first free hotel comp 3 months into blogging. She believes that you can make money as a beginning blogger, even when you don't have much of a portfolio. Diana explains that it's more about how you tell your story and how you paint your brand, rather than the numbers. Tell brands your plan for the future and how you plan to be the go-to source for your city or country. Start with writing reviews for hotels and use this as a starting story/portfolio.
3 - The value of blogging courses
Both Diana and Julie agree that blogging courses help kickstart blogging growth because of all the new information you learn. Although blogging courses get a bad rep, if you pay for a course, you get results much faster. A blogging course is similar to a course at university - Diana's job is blogging, and she took courses to understand more about affiliate marketing and other money making skills.
Questions? Like or dislike? Leave us a comment!
Want to support the podcast? Here are three things you can do.
1. Start tracking your net worth with Personal Capital using our link. It's free.
2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week.
3. Join our Facebook group and connect with other members of the FI community.

Oct 02 2019

34mins

Play

iTunes Ratings

314 Ratings
Average Ratings
260
22
14
6
12

Great info!

By CurtFire - Aug 27 2019
Read more
Great topics, well put together, and very relatable!

Love This

By Harrisburg Al - Aug 08 2019
Read more
I love your podcast thank you