Episodi
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If you love the personal finance space, chances are you've heard of FinCon.
Today, we bring you Philip Taylor who created and grew FinCon into the massive pillar of the community it is today.
For loooong time listeners, you may remember Cody interviewing PT at FinCon back in 2018.
You'll hear the origins, the heights, the COVID-19 survival, and the future of FinCon in this episode.
PT isn't stopping with one conference and is now running a second called TravelCon in addition to expanding his family's accountant business.
Don't forget to snag your ticket to FinCon while you still can.
This year's event will be in Atlanta, October 23-26.
If you enjoyed this episode, please share it with a friend!
Links from The Episode
FinCon
TravelCon
The Creator CPA
PT Money
YouTube Interview
https://youtu.be/hhCSECSDJag
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Long-time listeners may remember Nick's episode from Episode 56 way back in 2019.
We felt like this classic episode and fundamental topic needed to be brought out of the archives and revisited.
Nick Loper is the side hustle king from Side Hustle Nation.
Nick got an eye-opening opportunity in college and knew he had to be his own boss.
He would eventually work for three years in the corporate world.
During that time he was building his side hustle.
It was quickly covering his expenses and he never looked back.
We really help you focus on how to choose the right side hustle for you.
Nick recommends finding two areas you’re in the top 50% in
Then find a way for those two things to intersect
He also suggests trying out things to experiment
You’ll often find your true golden idea once you get started on a project
If you begin to dread the work, it may be time to stop working on that side hustle
Listen and learn all about side hustles and let us know what you think.
If you enjoyed this episode, please share it with a friend!
Links from The Episode
Side Hustle Nation
List of Side Hustle Ideas
Nick's YouTube Channel
Follow Nick on X
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Episodi mancanti?
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In this episode, Cody and Justin discuss Justin's recent summit of Kilimanjaro.
You'll learn all the details, pricing, and considerations if you're interested in this major summit, as well as the mental growth and lessons learned from pushing your body to the extreme and living without your normal luxuries.
Some topics include:
What to pack
Cost of the trip
A typical day on the hike
Overcoming mental hurdles
Embracing simplicity
Even though he battled sickness every day of the hike, Justin would highly recommend trying this summit.
And even if you don't, hopefully this episode inspires you to try something that challenges you.
Please subscribe, leave a review, and share with a friend!
Links from The Episode
Company Justin Used for the Kilimanjaro Summit
Recommended rinse-free bathing wipes
YouTube Interview
https://youtu.be/ALrPVFNOUDc
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Cody shares how he's able to earn over $75,000 per month in passive income on the Forget About Money Podcast.
His big four are:
Digital Products
Real Estate
Affiliate Marketing / Sponsorships
Stock market investments (doesn't really count, but we explain)
If you enjoyed this, please share this episode with a friend!
YouTube Interview
https://www.youtube.com/watch?v=g1bh6ZIld6w&t=1276s
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What would you be willing to do to hit financial independence early?
Michael Alberse lived differently for 2+ years to save over 90% of his income as a Google employee.
In this episode, we talk about:
Living in a van
Managing finances with a significant other
Landing a 6-figure job (with insane perks)
Starting an agency
Small business investing
Finding your "why"
And so much more.
If you enjoyed this episode, please share it with a friend!
Links from The Episode
Michael's Instagram
YouTube Interview
https://www.youtube.com/watch?v=uoR3Ae1oYtQ
Join the Community
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In this episode, Cody and Justin discuss one of the most heated investing arguments.
Should you hand-select the "best" companies, or invest in the total stock market?
Some topics include:
Individual stocks are often investors' first exposure to the stock market
The mental drag of stress from volatility
How individual stocks can scratch the itch
Setting non-negotiable limits
More certain path to FI vs the potential for a home run
Bad bets we've made on individual stocks
As part of this discussion, we compared several individual stocks against VTSAX.
VTSAX is an index fund Vanguard offers and tracks the total stock market.
List of stocks including present-day value and annualized return if you invested $1,000 on Aug 9, 2004, and reinvested dividends:
VTSAX
$5,807
9.19% average annual return
Intel
$1,623
2.45% average annual return
7th Market Cap
Abercrombie and Fitch
$4,679
8.02% average annual return
Couple of years after Hollister's launch
Apple
$396,562
34.85% average annual return
Released iPod Mini
If you bought on July 6, 1994 (Forrest Gump release date) -> $1.1M (26%)
Coca Cola
$6,007
9.37% average annual return
Released C2
General Electric
$1,243
1.09% average annual return
5th Market Cap
Wells Fargo
$2,627
4.95%
15th largest market cap
TI
$11,496
12.98% average annual return
Year TI-89 was released
Sony
$2,691
5.07% average annual return
PSP release date
Nokia
$730
-1.56% average annual return
9 phone releases
We cover all of this and more.
We hope you found value in the episode, if you did, subscribe, leave a review, and share with a friend!
Links from The Episode
Stoculator
YouTube Interview
https://youtu.be/0N4IlLBrYV0
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In this episode, Cody and Justin talk about something we thankfully haven't had to deal with for the majority of the last 10 years.
We’re talking Bear Markets and Recessions.
We originally aired this episode back in 2022.
This goes to show that there will always be cycles.
Should your investment strategy change?
Is there anything you can do to lessen the blow?
How do inflation and mortgage rates factor in?
Can you spin a recession into a positive thing for you?
We’re going to cover all this and more.
We hope you found value in the episode, if you did, subscribe, leave a review, and share with a friend!
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Long-time listeners may remember Brooke from her feature in Episode 134 way back in 2021.
Brooke had already begun to build some impressive businesses but was still spending her days as a teacher.
Since then, she's gone all in on her career as a real estate agent.
But Brooke didn't simply become an agent, she quickly rose to the top 1% in MA, CT, and RI.
To put some numbers on that, Brooke has sold over $100M in real estate!
Now she's helping to show other realtors how to copy her success and grow their business.
She's doing that through her book and community, She Closes Deals.
Even if you're not looking to enter the real estate space, Brooke's mindset and general frameworks can help anyone.
If you enjoyed this episode, please share it with a friend!
Links from The Episode
She Closes Deals
Brooke's Instagram
Brooke's Previous Episode
YouTube Interview
https://youtu.be/WexdmhwIfHg
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What kind of wild advantages do you need to retire at 33 comfortably?
How extreme must the deprivation be to do this without a miracle?
What if we told you that there's no inheritance needed and you can thrive while on the journey?
Justin shares his full journey (including all of the numbers) and how he retired at age 33 on BiggerPockets Money.
Some topics include:
Low-Income to FI
Searching for Time Freedom
Starting to Invest
Calculating Your FI Number
How Much He Spends
Income and Savings Rates
What He's Investing In
Create Your FIRE Plan!
If you enjoyed this, please share this episode with a friend!
Links From the Episode
Justin on BiggerPockets Money
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Cody & Justin have worked hard on their finances and fitness over the past few years.
Through these pursuits, they've noticed many similarities in the methods it takes to be successful in both.
Some of these areas include:
Compounding
Tracking
Social norms
Mentality
Budgeting
Unfortunately, the fitness and finance worlds have been purposely overcomplicated for financial gain.
We hope we can break through all that noise for you and show you how simple it can be.
If you enjoyed this episode, please share it with a friend!
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Saving-Sherpa (Justin’s blog) -
Is it really possible to reach financial freedom in your 20s?
Cody shares his full journey (including all of the numbers) and how he reached financial freedom at 25 on BiggerPockets Money.
If you enjoyed this, please share this episode with a friend!
Links From the Episode
Cody on BiggerPockets Money
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
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It's been a while since Cody & Justin were able to catch up on life's events, so you'll hear all about it on today's episode.
You'll hear about Cody's latest house flip and Justin's Alaska/Portland/Washington/Puerto Rico/Africa adventures
They'll also take you through some interesting finance articles they read recently including:
A California law that will require high schoolers to learn personal finance before graduation
A new spending rule that helps give your discretionary spending category some direction
Cody and Justin are constantly getting into something new so we hope you enjoy this opportunity to get all caught up with them
Thank you all for listening and may this episode help you on your path to a financially independent future.
Links from the Show
California Financial Literacy Requirement for High School Graduation
The $1 Per Use Rule
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Cody breaks down his various income streams on the Growth House Podcast and how he used them to reach FI at age 25.
If you enjoyed this, please share this episode with a friend!
Links From the Episode
Jesse Ray on The FI Show
Growth House Podcast
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From an early age, Ramon knew that he wasn't cut out for corporate America.
So, in his early 20s, with only $1,000 to his name, he took a chance and got his real estate license.
After many hard lessons yet eventual success, he decided to open his own brokerage just two years later.
The astonishing thing is that Ramon opened a brokerage when he was only 24 years old.
He now runs one of the top brokerages in the entire country!
In this podcast, he shares the entire journey including the ups and downs of the business, revenue and income numbers, and what continues to motivate him.
If you enjoyed this episode, please share it with a friend!
Links from The Episode
Ramon's Instagram
Ramon's YouTube
Ramon's Real Estate Brokerage
Ramon's Real Estate Media Company
YouTube Interview
https://youtu.be/Fiur7fzktRc
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How much money you make is certainly an important factor for early retirement.
However, it's not the most important factor.
The amount you keep is truly what matters.
This is largely driven by how much you spend and how much you give to the government.
Giving to the government is a reference to your tax bill and that's where Tom Wheelwright comes in.
Tom runs WealthAbility where he helps business owners permanently lower their tax bill.
Many people are giving away thousands of dollars that are rightfully theirs if they fully utilize the tax code.
If you found this episode helpful, please share it with a friend!
Links from The Episode
WealthAbility
Book: Win-Win Wealth Strategy
Book: Tax-Free Wealth
YouTube Interview
https://youtu.be/EEdwspnvQDo
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Cody & Justin both "retired" pretty early and are known to be frugal, but what do they surprisingly splurge on?
That's exactly what you'll hear in today's episode.
We cover travel, services, luxury items, health, etc.
Some things, like Justin's cell phone upgrades or Cody's gourmet meats, might surprise you.
Overall, it's abundantly clear after hearing this episode that you can maintain a healthy budget, retire early, and live an amazing life while doing so.
Thank you all for listening and may this episode help you on your path to a financially independent future.
Join the Community
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What's better than just making money?
Making money while you sleep.
Ryan Hogue joins us today to give us a major deep dive into several passive income streams.
The two big ones are fulfillment by Amazon (FBA) and print-on-demand (POD).
Print-on-demand is especially compelling because it requires no risk and is extremely passive.
Just come up with an idea...or even just a word.
Customers get that on a shirt, bag, mug etc.
Or maybe you can find a unicorn product to sell via Amazon FBA.
Ryan has built up $50K/mo in passive income with these side hustles!
You won't want to miss this one as Ryan brings all the real-world details so you can give these streams a try.
If you found this episode helpful, please share it with a friend!
Links from The Episode
Ryan's Courses
Ryan's YouTube Channel
Ryan's Website
Passive Income Podcast
Cody's Digital Product Workshop
YouTube Interview
https://youtu.be/cbjTJk-UNRs
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W-2 jobs don't often get a ton of love in the financial independence space.
However, we'd argue it's the most likely path for the largest percentage of people.
Especially when you learn how to really squeeze all the value out of that career.
Brian Feroldi joins us to discuss just how to do that.
Specifically how to leverage Stock-Based Compensation (SBC).
It's possible that the stock your company gives you makes you more money than your entire salary.
But it can be a nuanced subject with terms like Options, RSUs, vesting period, etc
Make no mistake, the golden handcuffs get their name honestly.
This compensation is a tactic to hold onto the best and give you a big reason to stick around just one more year (then one more...)
It also aligns you and the business to the same overall goal via incentives.
That goal is to maximize profits because if the company wins, you also win.
You may have been curious about Stock-based Compensation or maybe you're already in this world but need more clarity.
Either way, this episode will answer all those burning questions and show you how to maximize every last drop of your W-2 job.
If you found this episode helpful, please share it with a friend!
Links from The Episode
Long Term Mindset
Brian's YouTube
Brian's X (aka Twitter)
Brian's Instagram
Brian's Website
YouTube Interview
https://youtu.be/KNd7r1uJD7I
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
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The podcast has been around for more than 5 years.
That means it's actually old enough to follow our entire journey to financial independence.
Jesse Ray was listening to our episodes back in 2020 sitting in his cubicle.
Less than 2 years later, he retired from the corporate world and we're pumped to bring you his story today.
Jesse has cultivated a co-living brand (Growth House) and real estate portfolio.
He takes homes, adds bedrooms, and rents out the rooms individually.
We've seen this before, but Jesse took it a step further.
He's specifically marketed his homes for entrepreneurs who want to better each other and share common interests.
This means there's a true community and respect for his homes you typically don't see.
After purchasing just two of these homes, he had enough cash flow to cover all his expenses!
He acquired both homes in under 2 years, making it one of the fastest paths to financial independence we've ever seen.
Tune in for the full breakdown and as always, thanks for listening!
Links from The Episode
Jesse on Instagram
Growth House Site
Growth House Podcast
YouTube Interview
https://youtu.be/gB4kVDRN-zw
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
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Who doesn't want to vacation more?
Too bad it's so expensive...
But what if it was cheaper than living your normal day-to-day life?
Introducing Geohacking.
Geohacking is when you rent out your primary residence while you travel to a cheaper cost-of-living part of the world.
Justin and his fiancé Leslie just recently spent a week in Puerto Vallarta.
The cost of their oceanside condo, roundtrip flights, and multiple excursions was less than what they earned from renting out their house in Austin, TX for 4 days.
They actually got paid to go on vacation.
In this episode, we unpack this idea of Geohacking and teach you exactly how to get started.
If you enjoyed this episode, please share it with a friend!
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We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
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Saving-Sherpa (Justin’s blog) - Mostra di più
