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ChooseFI

ChooseFI

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 How would your life change if you reached Financial Independence and got to the point where working is optional? What actions can you take today to make that not just possible but probable. Jonathan & Brad explore the tactics that the FI community uses to reclaim decades of their lives. They discuss reducing expenses, crushing debt, tax optimization, building passive income streams through online businesses and real estate and how to travel the world for free. Every episode is packed with actionable tips and no topic is too big or small as long as it speeds up the process of reaching financial independence.© 2019-2023 Choose FI. All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided. Economia Finanças Pessoais Sucesso na Carreira
Episódios
  • Goal Setting for 2026 | Ep 584

    Goal Setting for 2026 | Ep 584
    Feb 2 2026

    Listeners collaboratively share their financial goals for 2026,

    The discussion highlights the importance of local meetups, actionable saving strategies, and frugal living tips.

    Practical insights and specific tools like TrueCar for car purchasing are shared, reinforcing the idea that connecting with others in the FI community can lead to significant progress in achieving personal financial goals.

    Key Tactical Takeaways
    • Engage Locally: Create or join local FI community events to foster connections and support.
    • Utilize TrueCar: Leverage the TrueCar platform to compare prices and negotiate car purchases effectively, potentially saving thousands.
    • Practice Intentional Saving: Adopt strategies such as meal planning to reduce grocery costs and enhance savings rates.
    • Set Clear Goals: Identify specific savings rates and actionable steps to strategically reach financial independence by 2026.
    Ideas Rule/Formula Description 30-Day Savings Challenge Undertake a 30-day challenge to identify and cut 10% of discretionary spending. Rule of 72 To estimate how long it will take for money to double, divide 72 by your expected annual return (e.g., 72 / 8% = 9 years). Tools, Accounts, or Strategies Mentioned Tool/Strategy Purpose TrueCar Price comparison tool for car purchases ChooseFI Events Platform for creating and joining local FI community events Sinking Funds Allocate specific savings for future purchases (e.g., cars) Resources & References
    • TrueCar
    • ChooseFI Community
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    59 minutos
  • The Detour is the Journey | Ep 583

    The Detour is the Journey | Ep 583
    Jan 26 2026

    Brad and Jonathan continue unpacking *incremental gains* — the small, tactical decisions that compound into financial independence.
    This conversation moves quickly through **core FI math, expense optimization, retirement accounts, and tax strategy**, showing how flexibility, optionality, and understanding the rules of the game can radically change your long-term outcomes.

    Retirement Accounts: The Rules That Matter 401(k): Always Take the Match
    • Employer match = free money
    • Declining it = turning down part of your salary
    Pre-Tax Accounts Are Often Better for FI Account Benefit Traditional 401(k) Lowers taxable income today Traditional IRA Tax deduction now 457(b) Penalty-free access after separation

    📌 Roth accounts are not automatically better for FI seekers.

    Tax Strategy (This Is Where FI Wins) Marginal vs Effective Tax Rates Term Meaning Marginal Rate on your last dollar Effective Total tax ÷ total income

    Optimize for effective tax rate — not marginal.

    The Real Goal: Lifetime Tax Optimization
    • Not just this year's tax bill
    • Think across decades
    • Flexibility > certainty
    0% Federal Capital Gains (Huge)

    • Long-term capital gains can be taxed at 0%

    • Especially powerful in early retirement

    Tax-Gain Harvesting
    • Sell appreciated assets in low-income years
    • Reset cost basis without paying federal tax
    Optionality Is the Real Asset

    Lower fixed expenses create:

    • Tax flexibility
    • Career flexibility
    • Location flexibility
    • Lifestyle flexibility

    Paid-off house + paid-off cars + low baseline spending = stealth wealth

    Essential Listening & Resources Topic Resource Frugality fundamentals Episode 12 Free money & 457(b) Episode 13 Capital gains strategy Episode 517 Community platform LOGIN Take One Action This Week
    • Calculate your FI number
    • Do a mini expense audit
    • Check if you're getting your full 401(k) match
    • Visit your local library
    Be Part of the Show

    • Log in at choosefi.com/login LOGIN

    • Leave feedback on this episode

    • Share:

      • Your "aha" moment
      • A tactic you're trying
      • A question you want explored
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    1 hora e 1 minuto
  • Incremental Gains | EP 582

    Incremental Gains | EP 582
    Jan 19 2026

    Jonathan and Brad explore the infinite possibilities within the financial independence community by discussing the concept of Incremental Gains.

    Key Topics Discussed

    • Introduction to Incremental Gains (00:00:00)

      • An overview of the episode's aim to introduce innovative ideas within the financial independence community.

    • What is a Red X Month? (00:02:05)

      • A red X month is a designated period for relaxation and reflection, allowing individuals to step back from their regular commitments.

    • Mindset and Incremental Gains (00:05:05)

      • Importance of having the right mindset in achieving financial independence.

    • Importance of Time and Journey (00:07:21)

      • The hosts stress that it's about appreciating the journey, not just the destination.

    • Roth IRA for Kids (00:29:46)

      • Discussing how children with earned income can benefit from a Roth IRA, helping them build wealth early.

    • The Impact of Fees on Investing (00:44:01)

      • Emphasizing the significance of minimizing fees and its long-term effects on wealth accumulation.

    Join the Discussion Go to ChooseFI.com/login

    Actionable Takeaways
    • Red X Month: Consider taking a dedicated month to reset and recharge your priorities. (00:05:05)
    • Roth IRA for Children: Open a Roth IRA for your child if they have earned income to help them start building wealth. (00:29:46)
    • Minimize Investment Fees: Invest in low-fee index funds to optimize your long-term wealth and keep track of any fees tied to mutual funds or advisors. (00:43:27)
    Key Quotes
    • "Reclaim your most precious non-renewable resource: your time." (00:16:51)
    • "It's not about reaching a mythical number; it's about living a better life." (00:08:55)
    • "Time in the market surpasses timing the market." (00:48:22)
    Timestamps
    • 00:00:00 - Introduction to Incremental Gains
    • 00:02:05 - What is a Red X Month?
    • 00:05:05 - Mindset and Incremental Gains
    • 00:07:21 - Importance of Time and Journey
    • 00:29:46 - Roth IRA for Kids
    • 00:44:01 - The Impact of Fees on Investing

    Essential Listening Episodes Referred to

    • Masterclass on Muscle Building
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    1 hora e 5 minutos
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