ChooseFI

367 | FI Number Adjustments


Listen Later

In this week's episode, Brad and Jonathan unpack the problems that lie within modern retirement calculations and provide examples of how you can work around these flaws. As opposed to focusing on income, maybe it is better to learn how much our lives cost us. Expenses appear and disappear as life goes on, it is important to factor that in to your FI number!

Timestamps

  • 1:01 - Introductions
  • 2:00 - Listener Feedback, Permaculture, and Libraries
  • 6:55 - Annual Expenses
  • 14:08 - The Retirement Smile
  • 16:53 - Addressing That FI Number
  • 22:21 - The Pile of Cash
  • 30:45 - Upcoming Events!
  • 32:07 - Major Purchases For Those Entering The Workforce
  • 41:40- Conclusion

Resources Mentioned In Today's Conversation

  • Subscribe to the FI Weekly!
  • The Art of Frugal Hedonism
  • Root of Good
  • JL Collins
  • Early Retirement Now
  • Flexible Spending Rules For Early Retirees | ChooseFI Episode 176
  • Camp FI
  • Find Your Local ChooseFI Group Today!
  • Join ChooseFI's Facebook Group!
  • Risk Parity Radio

If You Want To Support ChooseFI:

  • 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
  • Track your personal finances with Personal Capital
  • Compare, buy, and save big on insurance with Policygenius
  • Keep learning or start a new sidehustle with one of our educational courses
  • Slash your cellphone bill without sacrificing service with Mint Mobile

...more
View all episodesView all episodes
Download on the App Store

ChooseFIBy ChooseFI

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

5,039 ratings


More shows like ChooseFI

View all
Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,568 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,231 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,992 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

809 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,294 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

676 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,083 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

600 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

452 Listeners

Everyday Courage with Jillian Johnsrud by Jillian Johnsrud

Everyday Courage with Jillian Johnsrud

117 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

819 Listeners

Rebel Entrepreneur by Alan Donegan

Rebel Entrepreneur

132 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

581 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,617 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

201 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,444 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

352 Listeners