ChooseFI

Answering Listener Questions on asset allocation, retirement strategies, and the intricacies of real estate investing. With Brad Barrett and Rachael Camp. Whether you are pondering upon the backdoor Roth IRA strategy or seeking clarity on managing funds without a 401k, this episode is for you! Public Service Announcement: Importance of filing the Beneficial Ownership Information form for legal entities by December 31st . Mailbag Questions: How to Invest Without a 401kCompany Matches in Retirement AccountsBackdoor Roth IRAAsset AllocationReal Estate Investing Questions: What can I do if my employer doesn’t offer a 401k? How do I manage sequence of returns risk in retirement? What should I consider when investing in real estate? Actionable Takeaways: **Disclaimer Please note: Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies.

Justin David Carl shares his remarkable journey from being $80,000 in debt and working in Hollywood nightlife to achieving financial independence and impressive fitness goals. He discusses key principles that guided his transformation, including the importance of environment, community, accountability, tracking metrics, and embracing a growth mindset. Key Topics and Takeaways Justin's Awakening Moment Overcoming Debt and Personal Challenges The Role of Coaches in Growth Tracking as a Tool for Success Key Quote:Principles for Continuous Growth Action Item: Additional Resources Fit Rich Life Coaching:fitrichlifecoaching.comSavings Rate Tracker:fitrichlifecoaching.com/trackerWorkout Program:fitrichlifecoaching.com/workout Tim Ferris Article on Mr Money Mustache The Shockingly Simple Math of Early Retirement Social Media @JustinDavidCarl Discussion Questions

TJ shares his financial journey and experience reaching financial independence, focusing on intentional savings and the joy of family life. Early influences and educational backgrounds shaped his approach to finance, leading to a strategic path that included tracking net worth and undertaking regular financial meetings with his wife. The episode dives into the challenges they faced, especially when dealing with unexpected medical circumstances and highlights the delicate balance between enjoying life and making prudent financial decisions, ultimately aligning with their core values. Key Takeaways: Intentional Savings: Be proactive in saving and planning for financial independence. Tracking Net Worth: Regularly evaluate your financial progress. Community Support: Rely on your community during tough times. Flexibility in Planning: Adapt financial strategies as life changes occur. Maintain a Positive Mindset: Approach challenges with optimism and agency. Actionable Takeaways: Implement regular financial meetings with your partner to track and discuss financial health. Consider unexpected medical costs when planning for financial independence. Maintain a positive and adaptable mindset when facing life challenges. Action Items: Start tracking your net worth regularly to understand your financial progress. Set aside time for financial discussions with your partner every few months. Plan for unforeseen medical costs in your financial independence calculations. Related Resources: The Simple Path to WealthFaithFi (formerly CompassOne) Discussion Questions: What aspects of financial planning do you think are most important? How can community support impact your personal finance journey? What strategies can you adopt to maintain a positive mindset during challenges? How can tracking net worth change your financial perspective?

Episode Summary Clint Murphy returns to ChooseFI, sharing his transformative journey labeled "FI and Choose," emphasizing the importance of choosing a lifestyle that values personal growth and meaningful connections. The hosts discuss their experiences at financial independence events, highlighting how these gatherings foster deep conversations that extend beyond finances. They explore the contrast between accumulating wealth and Pursuing a simpler, more intentional life filled with enriching experiences, including joy from low-cost activities and being present in relationships. Key Topics Discussed Connection Through FI The Power of Vulnerability Simplicity and Enjoyment FI and Choose Philosophy Actionable Takeaways Explore Joyful ActivitiesBuild Deeper Relationships Related Resources The Growth Guide Podcastthegrowthguide.com

Maximize Your Wealth: Understanding Capital Gains Tax Strategies | With Cody Garrett This episode dives into the strategy of capital gains harvesting, explaining how it can help individuals minimize taxes on investments and potentially realize tax-free income. We break down how this approach fits into financial independence planning, including key comparisons between capital gains and ordinary income, real-life scenarios, and important health insurance considerations for early retirement. Chapter Markers: [00:00:00][00:01:38][00:05:22][00:20:07][00:49:34] Key Takeaways: capital gains tax ratescapital gains harvestingmaintain eligibility for health insurance subsidies Links & Resources: Measure Twice MoneyMeasure Twice Money YouTube Channel

In this episode: building muscle for health, sacropenia, consistency and proper form, routines, and recovery. This episode is a deep dive into muscle-building strategies, with actionable advice for beginners and experienced fitness enthusiasts alike. Brad and Dean Turner share practical tips on workout programming, nutrition, and recovery, making it a perfect masterclass for anyone looking to improve their health and strength. Dean Turner: deanturnertraining.com@DeanTTraining 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Update: Healthiest Year Ever | Dean Turner | ChooseFI Ep 480“The Simple Path to Wealth: Your road map to financial independence and a rich, free life” by J.L. CollinsHevySubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: social engineering, pig butchering, cryptocurrency risks, scammer tactics, and avoiding being a victim. This week Brad speaks with cyber security expert Tom who will be giving some updates on the landscape of cybersecurity, what targeted scams look like, as well as some actionable steps you can take to avoid these scams. Though it may seem that cybersecurity attacks are ever-evolving and may be harder and harder to avoid, there are ways to make yourself less vulnerable to attacks. Making sure you’re having open conversations about this topic with your friends, and especially your older family members is crucial and can make sure you avoid falling for these scams! 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Securing Your Financial Life | ChooseFI Ep 397Internet Crime Complaint Center (IC3) More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: simplifying your financial life, Jeremy’s journey, dividend versus reinvesting, and automation. This week we are joined by Jeremy Schneider of Personal Finance Club and co-founder of Nectarine, where we will be discussing the beginnings of his personal investment journey and what that looks like now, striving for simplicity while adding value to your life, as well as discuss the ins and outs of his platform Nectarine. Part of the journey to FI is about finding hacks and ways to make your life a little easier in order to add value, sometimes by keeping it simple. Whether with your finances or in other areas of your life, it is the best option in order for you to thrive! Jeremy Schneider: Website:personalfinanceclub.comInstagram:@personalfinanceclub 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: The 7 Sins of InvestingNectarineSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: getting started early with FI, the 4% rule, retirement accounts, real estate, and safe withdrawal rates. This episode is packed with actionable information that can help with maximizing your financial future, from house hacking to Roth conversions, and strategies for living off your investments. Brad and Rachael dive into real-world listener questions to help you navigate your FI journey with confidence. Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies. 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp | ChooseFI Ep 505Mailbag: Roth vs. Trad, $35k Roth to 529, Combining Finances | Rachael Camp | ChooseFI Ep 496How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney | ChooseFI Ep 475Drawdown Strategies: Karsten vs. Fritz | ChooseFI Ep 427House Hacking With Coach Carson | ChooseFI Ep 16Scott Trench | Set For Life | ChooseFI Ep 63Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: downsizing, coastFI, redefining your goals, overcoming material attachments, and building community. This week Ginger is joined by community member Anne, to discuss her process of downsizing and navigating the physical and emotional attachments we associate with objects, places and people. Additionally, the pair discuss the importance of taking mini-retirements, cultivating gratitude, as well as share some podcasts and books that have helped them on their journey. We often say FI allows you the freedom and space to discover what more you want out of life, but that doesn’t mean you should wait until you reach your goal to actually start making the moves to get there! Whether you’re near the finish line or just beginning, don’t wait to explore other possibilities that can elevate not only your FI journey but your life. 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: “Disrupt Yourself, With a New Introduction: Master Relentless Change and Speed Up Your Learning Curve” by Whitney Johnson“The Artist’s Way: 30th Anniversary Edition” by Julia CameronRetire Often PodcastFamous Failures“Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life” by Ovan VarolSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: doing the hard things, travel rewards, the gap and the gain, health and wellness, and real estate. This week we are back with another listener Mail Bag featuring Ginger. Listen along as we cover a range of topics from recents trips we’ve taken, facing and overcoming challenges, The Gap and the Gain, taxes in retirement and a realistic outlook on how much you’ll be paying, the rule of 72, as well as shout out some of your FI wins! So much to cover and much more to learn in this week’s episode. 🔑 Key Themes Discussed: 🕒 Chapters: Resources Mentioned In Today’s Episode: “The Gap and The Gain: The High Achievers’ Guide to Happiness, Confidence, and Success” by Dan Sullivan and Dr Benjamin HardyThe Shockingly Simple Math Behind Early RetirementBiggerPockets Real Estate Podcast“Set for Life: Dominate Life, Money, and the American Dream” by Scott TrenchSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: the lock in effect, renting vs buying, househacking in 2024, interest rate, and real estate investment. In this episode, Scott Trench of BiggerPockets shares invaluable insights into the 2024 real estate market, breaking down everything from housing supply to interest rates, syndications, and investment strategies. Whether you’re a seasoned investor or just curious about real estate, this episode provides a window into the current state of real estate investing the FI way! 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: BiggerPocketsThe BiggerPockets Money PodcastSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: surpriseFI, minimalism, frugality, emotional and psychological aspects of FI, and alternative lifestyles. We often get a lot of great ideas and questions from the FI community, and what better way to answer some as well as inspire than bring in one of our own to discuss their journey! In this special Friday episode, Ginger is joined by member of the FI community, Kim, to discuss how she found herself on her “surpriseFI” journey. Together, the pair talks about balancing frugality and minimalism, the importance of designing the life you want, as well as share some resources and recommendations that helped her on her journey! 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: “Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence” by Vicki Robinson, Joe Dominguez, and Mr Money Mustache.“Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!” by Robert KiyosakiRich, Broke, or Dead? Post Retirement FIRE Calculator Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep. 18Afford Anything with Paula Pant | Vicki Robin: Financial Independence After 70 [GREATEST HITS WEEK]Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: 5% safe withdrawal rate, the three stories, psychology and personal finance, and community. In this insightful episode of the ChooseFI Podcast, Brad chats with Frank Vasquez, a well-known figure in the financial independence community and the voice behind Risk Parity Radio. They delve into Frank’s journey from a career in law to becoming a personal finance expert, and explore topics like the 5% safe withdrawal rate, revealed preferences, and Frank’s three defining life stories. This conversation offers insight on approaching personal finance, investments, and life after achieving financial independence. Frank shares his unique blend of academic rigor, personal curiosity, and his thoughtful approach to living with purpose in the post-FI world. 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Risk Parity RadioBig Think video on Narrative Psychology with Jane Goodall and Terry Crews“Build the Life You Want: The Art and Science of Getting Happier” by Arthur Brooks and Oprah WinfreyThe Role Of Bonds In A Portfolio with Frank Vasquez | ChooseFI Ep 194Find Your Local ChooseFI Group More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: overcoming fears, the importance of community, community wins, reaching FI goals, and ripple effects. This week Brad is re-joined by Ginger for another installment of the round-up, where we will be discussing topics such as new 529 plans, the importance of making connections within your community, and actionable steps for overcoming anxieties while on your FI journey! Additionally, it wouldn’t be a round-up episode without as well as shouting out some frugal wins from our wonderful community! While these episodes are not only a great way for us to give you personal updates and perspectives, it’s an even better way for us to highlight some of the tips and tricks you’ve picked up on your respective FI journeys! 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Update: Healthiest Year Ever | Dean Turner | ChooseFI Ep 480Making FI Fun Again | ChooseFI Ep 502 Subscribe To The FI Weekly More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: entrepreneurship, side hustles, overcoming fear, community, sharing and maintaining passion projects. This week we are joined by Kyle Nolan, creator and founder of ProjectionLab, where we will be discussing how he left his 9 to 5 to pursue a passion project, some of the challenges and realizations he’s faced while creating his software, as well as the importance of investing in your interests regardless of the risk or self-doubt you may feel. The journey to FI offers many things, such as freedom and autonomy to pursue new things, but it’s important to remember that you don’t have to wait until you reach FI to start investing in things that are of value to you! By pouring yourself into something that interests you will always guarantee a payback! 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: ProjectionLab (Use Code "CHOOSEFI" for 10% off!)Richmond SaversSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: debt and investing, the 4% rule, Roth 401k and traditional 401k, and total return investing. This week we are back with a listener Mail Bag featuring returning guest Rachael Camp! Together, we will be answering questions and giving our feedback on nuanced topics asked by the community! Listen along for discussions about the 4 percent rule, how taxes are factored into your FI number, investing in dividends, paying down debt versus investing, and finally a shortlist of actionable steps one could take if they are young and beginning their FI journey. There is much to discuss and so much more to learn this week as we tackle your FI questions! Rachael Camp offers advisory Services through Creative Financial Designs, Inc., a Registered Investment Adviser, and Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. Camp Wealth is not affiliated with the CFD companies. 🔑 Key Themes Discussed: 🕒 Chapters: 🔗 Mentioned Links and Resources: Find Your Local ChooseFI Facebook GroupPreparing for the Cost of College | Brian Eufinger | ChooseFI Ep 460How To Test Out of College While You’re Still In High School | Millionaire Educator | ChooseFI Ep 238How to Access Your Retirement Accounts Before 59.5 | Sean Mullaney | ChooseFI Ep 475Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

This week on ChooseFI, Brad welcomes Devon, a 22-year-old National Guard member and aspiring mechanical engineer, to discuss the power of intentionality and personal finance! Together, Brad and Devon explore how small, deliberate actions can create a domino effect in shaping one's financial future. Devon shares his journey from joining the National Guard at 17 to discovering financial independence through ChooseFI, and how his disciplined approach to life has led him to save for his first home, maximize military benefits, and even inspire his peers. 🔑 Key Topics Discussed: 🕒 Chapters: 🔗 Devon's Links and Resources Mentioned in the Show: Freedom By the DayLiberated Mind Library Instagram

In this episode: Roth IRA conversion ladder, starting with the end in mind, investing for growth or stability, and retirement planning. While we have covered Roth IRA Conversion Ladders on ChooseFI before, we have never in the past taken such a deep dive into the subject like we do in this week's episode! Once again, we are joined by friend of the show Cody Garrett from Measure Twice Money, as we cover a high-level-FI approach to the Roth IRA conversion ladder and ways one could approach propelling themselves into a FI fueled retirement! Cody Garrett: Website:Measure Twice MoneyYouTube@MeasureTwiceMoney Resources Mentioned In Today’s Episode: Measure Twice Money ChooseFI Podcast ResourcesThe Roth IRA Conversion Ladder | A Case Study | ChooseFI Ep. 17RRoth IRA Conversion Ladder Case Study | ChooseFI Ep. 163RFind Your Local ChooseFI GroupSubscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile

In this episode: travel rewards, frugality, companion passes, international travel, intentional spending, and listener questions. This week Brad is re-joined by Ginger as together they go back to basics during our returning round-up segment! This time around, the pair will be talking about recent travels and hacks they’ve used, travel rewards tips, answering some community questions, and shouting out some of your FI wins of the week! This episode is a great way to crowd-source new tips for people just beginning their FI journey, from learning how to navigate companion passes when traveling, to learning how to both save and spend your money with intentionality! Resources Mentioned In Today’s Episode: Friday Roundup | Huge Announcement | ChooseFI Ep. 22RTravel Rewards ChooseFILiving Frugal Frugalwoods | Save 75% Of Your Take Home Pay | ChooseFI Ep. 12The True Cost Of Car Ownership | ChooseFI Ep. 22Subscribe to The FI Weekly! More Helpful Links and FI Resources: Top 10 Recommended Travel Rewards Credit CardsEmpower: Free Dashboard to Track Your FinancesCIT Bank Platinum Savings AccountM1 Finance: Commission-Free Investing, 1-click rebalancingCashFreely: Maximize Your Cash Back RewardsTravel Freely: Track all your rewards cards and pointsEmergency Binder: For Your Family’s Essential InfoStudent Loan Planner: Custom ConsultMint Mobile