In this episode: success after FI, finding purpose, owning your time, investing in health, and spiritual pursuits. While reaching your FI number and subsequently retiring is an amazing achievement in itself, what are you supposed to do with yourself after getting there? Well, figuring that out is also a big step you are going to have to take on your FI journey. This week, we are once again joined by Chris Terrell to discuss the ways you can fill your time after achieving FI, and how to identify what gives you purpose in your post-work life. Earning back your time is only half the battle, putting that time to good use is up to you and you only! Timestamps: 1:20 – Introduction 3:02 – Success After FI 9:01 – What Do You Want To Do In Retirement? 16:06 – Finding Purpose 22:02 – Prioritizing Important Relationships 27:46 – The Benefits Of Owning Your Time 31:28 – Investing In Your Health 41:24 – Spiritual Pursuits and Volunteer Work 47:09 – Unstructured Time, Calendar Tyranny, and Work? 56:59 – Conclusion Resources Mentioned In Today’s Episode: FI Frugal Hobbies | Chris Terrell | ChooseFI Ep 429 The Happy Philosopher | The Happiest Man In The Room | ChooseFI Ep 49 Financial Samurai The Tail End Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI’s 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the pain of paying, anchoring, relative value, sunk costs, response to stimulus, and opportunity cost. On this installment of the Book Club, we are joined by Clint Murphy and Ginger to discuss some of our favorite takeaways from Dan Ariely and Jeff Kreisler's "Dollars and Sense: How We Misthink Money and How to Spend Smarter," We often mention on this podcast the importance of actionable steps you must be willing to take while on the journey to FI, and this book is chalk-full of actionable tips and examples that could possibly be applied to many areas of your life, not just personal finance. While we know that personal finance is not unilateral and there are no correct steps and decisions that ensure success for everyone, we believe this book can help you better understand the decision making processes that goes into taking actionable steps on your FI journey!  Book Club Selection: "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dan Ariely and Jeff Kreisler Timestamps: 1:21 - Introduction 4:20 - Reducing The Pain Of Paying 11:42 - Anchoring 19:01 - Opportunity Cost and Saying No 25:40 - Relative Value 30:20 - Why We Don't Understand Fairness and Value 38:49 - Sunk Costs 46:31 - Overvaluing What Your Already Have 50:07 - Spreading The Gap Between Stimulus and Response 57:21 - Conclusion Resources Mentioned In Today’s Episode: The Growth Guide Podcast Clint's Twitter: @IAmClintMurphy FI is Fun The Great Man Within "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions" by Dan Ariely Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

This week we are re-joined by friend of the podcast, Travis Hornsby, to discuss some critical updates and deadlines pertaining to student loan forgiveness. While the thought of paying off student loans can feel daunting, there may actually be some ways to mitigate the stress entirely! Though this episode may not pertain to your situation specifically, we believe it can act as a resource for some you may know, or others on this journey who are looking to potentially have their loans forgiven. Travis Hornsby: Website: StudentLoanPlanner.com (link to discounted consult) Timestamps: 1:14 - Introduction/Where Are We Today? 9:45 - Irreversible Decisions 11:55 - The PSLF and IDR Waiver 17:34 - $300 vs $1500 a month 23:30 - Searching and Patience, What Are The Action Steps? 31:33 - Conclusion Resources Mentioned In Today’s Episode: The Student Loan Reset | The Student Loan Planner | ChooseFI Ep 391 Federal Student Aid Book a Consult with The Student Loan Planner (Discount through this link!) Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: getting comfortable investing, the vision boards, salary negotiations, and the skill of spending Whether it's wanting to pay off your debts or get yourself set up for your future, there are many motivations for wanting to begin the path towards FI. This week we are joined by listener and fan of the podcast Rakesh to discuss how his journey to FI has been over the last 3 years, and the lessons he’s learned along the way. We often stress on the podcast the importance of bold moves and taking action as an important step to achieving FI, and Rakesh is the embodiment of just that! Everyone on this journey starts from a different place, just as everyone’s long term goals differ, but don’t allow yourself to be bogged down by the little hiccups that come with this journey. By pushing ahead and being mindful of your short and long term goals, you may find yourself stepping out of your comfort zone towards the life you want to be living!  Timestamps: 1:15 - Introduction 4:50 - The Evolution Of The FI Journey 12:52 - Getting Comfortable Investing 22:09 - The Vision Board 30:39 - The Skill Of Spending And Future Planning 37:13 - Low Cost Of Living Areas 43:05 - Salary Negotiating And Job Transitioning 53:11 - The Impact Of Staying Put 56:06 - Conclusion Resources Mentioned In Today’s Episode: Finding Your Locus of Control | Stereo Live Q&A | ChooseFI Ep 305 How to Negotiate Your Salary Without Burning Bridges | Financial Mechanic | ChooseFI Ep 211 Negotiate Your Salary With Tori Dunlap | ChooseFI Ep 147 "Financial Feminist" By Tori Dunlap Community Building With Mr. Money Mustache And Mr. 1500 | ChooseFI Ep 131 JL Collins "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't" by Brian Feroldi Alignment & Adjustments | Scott & Taylor Rieckens | ChooseFI Ep 403 Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Oftentimes on our show, we talk to people on the FI journey with “regular” 9-5 jobs, and other times we talk to those who have achieved their FI goal and are able to retire from their careers. However, we rarely talk about money management and FI when it comes to those working in service industries, such as serving and bartending. This week we are joined by author Barbara Sloan to discuss taking control of your finances while in a variable income job, the importance of an emergency fund, and the attainability of retirement accounts and health insurance while in these types of industries. While it may seem unattainable to budget and financially plan for the long term when your income is non-fixed, you shouldn’t count yourself out from this journey! Creating your dream life is possible for all, with the right systems in place to ensure it, that is an option possible for those in all career types. Barbara Sloan: Website: tippedfinance.com Book: "Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals" Timestamps: 1:03 - Introduction 2:54 - Sub Minimum Wage And Tipping 14:03 - The Importance Of Tracking 21:06 - Tips, Taxes, and Social Security 35:28 - Strategies For Health Insurance 41:18 - Lifestyle Design/The Financial System 48:44 - Emergency Funds 54:27 - Conclusion Resources Mentioned In Today’s Episode: Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance