Catching Up to FI

Rumba and JOMO are "characters" in the story of Olivia who is the heroine of Sarah Catherine Gutierrez's book: But First, Save 10: The One Simple Money Move That Will Change Your Life. Olivia is an 18-30-year-old woman at the beginning of her financial journey, but her path is applicable to all of us late starters of any age. SC is a friend, a certified financial planner, and sucked at math. She is also a game changer in the financial industrial complex. In this episode, we dive into her story, dreams, and goals. Along the way, we talk about Cash Flow Planning, The Tax Efficient Waterfall, Women and Money, and Save, Save, Save. You will not want to miss this episode.

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Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

Aptus Financial

Ladysplaining Money

But First, Save 10

Signed copy of Sarah Catherines' Book, But First Save 10: The One Simple Money Move That Will Change Your Life

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Bill & Becky chit-chat about what is going on in their lives this week. This week we had birthdays, funerals, and car trauma. Life throws us curve balls. It surprises us with joy, sorrow, and challenges. Time is fragile and not guaranteed. As humans and late starters, we are incredibly resilient, adaptive, and resourceful. We are here not just to survive, but to thrive together.

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Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Naseema McElroy is a force of nature and an inspiration in the financial literacy space, especially for late starters. She comes from very humble beginnings, raised by a low-income single dad. She is a strong black woman, a single mom of 2.5 kids, a labor and delivery nurse, and a "financially intentional" wiz! Her debt paydown story is incredible, yet still applicable to anyone with debt to pay off. Her personal story of resilience and perseverance is equally incredible.

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

Financially Intentional

Smart Money: The Step-by-Step Personal Finance Plan to Crush Debt

Investing for Kids eBook

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Sean Mullaney is the FI Tax Guy. Like budgets, the B word, taxes, or the T word can be intimidating and generate stress and avoidance. Sean makes tax planning and retirement accounts fun and engaging. We must all play the tax game by the rules and work to pay the least tax allowable under the law. Taxes are one of our biggest costs in life and always remember that what you don't spend, you get to keep.

Sean is a financial planner and writes The FI Tax Guy blog focused on the intersection of tax and financial independence. In 2022 he authored the book Solo 401(k): The Solopreneur's Retirement Account.

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Buy CUtFI a coffee

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

Mullaney Financial & Tax

The FI Tax Guy

The Advantages of Living on Taxable Assets First in Early Retirement

Sean's TikTok Advice Blog Post which includes Tax Rate Arbitrage

Early Retirement and Social Security

HSAs and Previously Unreimbursed Qualified Medical Expenses

Disclaimer: The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Becky, Bill and the Catching Up to FI podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., and their services.

Mark Trautman is a community member, he was a caddy, a valet, and a mutual fund manager for 25 years and retired early at 50. He lives off his portfolio and in Crested Butte, CO. Mark lost his lovely wife to cancer two years ago. He is a financial whiz and takes us on his personal and money journey dropping knowledge bombs the entire show. From Tigger backpacks to Coca-Cola compounding to 529s you'll hear much about Mark's Money Mind! Don't miss this one.

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Buy CUtFI a coffee

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

Mr. Money Mustache's "The Shockingly Simple Math to Early Retirement"

After the Death of Your Spouse: Next Financial Steps for Surviving Spouses by Mike Piper

Die With Zero: Getting All You Can From Your Money and Your Life by Bill Perkins

ICE Binder

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free LIfe by Jordan Grumet

Mark's Money Mind

Ramit Sethi

Brad Kontz Money Scripts

Stacked: Your Super-Serious Guide to Modern Money Management by Joe Saul-Sehy and Emily Guy Birken

The Wealthy Barber: Everyone's Common Sense Guide to Becoming Financially Independent by David Chilton

The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Jennifer Allen, a Catching Up to FI Facebook community member, joins us for her first podcast! We talk about her journey to FI in her early 50s from a health scare wake-up call at 40. We touch on topics like spousal buy-in, geo-arbitrage, FI healthcare prior to Medicare, tax and income optimization in retirement, and IRMAA, among many others.

🔗 Connect with us

Buy CUtFI a coffee

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

Mr. Money Mustache - The Shockingly Simple Math Behind Early Retirement

The Mad Fientist

ChooseFI

Frugalwoods

Empower (formerly Personal Capital)

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Bill and Becky take off the gloves and go to war. To budget or not to budget...that is the question. Bill is a "nerd light" tracker. Becky is an all-in spreadsheet nerd budgeter. This is a smackdown on what type of budget is best, styles, pros, cons, and apps. Listen to the end and find out how Bill budgeted for skydiving and Becky for race car driving.

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Buy CUtFI a coffee

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🔗 Connect with us

Buy CUtFI a coffee

Record a message for CUtFI

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

YNAB

Mint

Every Dollar

Empower (formerly Personal Capital)

Quicken

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

This is Part 2 of a conversation with Paul Merriman about his book We're Talking Millions! Part 1 is Episode 8. Here we talk about Dollar Cost Averaging, managing taxes, Target-date funds, Small Cap Value, rebalancing, and more. Paul is an expert on index funds and asset allocation. He is a passionate educator focused on helping individual and DIY investors.

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Buy CUtFI a coffee

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.)

📗 We're Talking Millions!: 12 Simple Ways to Supercharge Your Retirement

www.paulmerriman.com

Sound Investing Podcast

Free Ebooks

2 Funds for Life

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Paul Merriman is a retired financial advisory firm founder with over a billion dollars of assets under management when he sold his company in 2012. He is a passionate financial educator who aims to help the individual investor. Today we are fortunate to have him spend time with us talking about 12 simple ways to supercharge your retirement. This is Part 1 of a 2-part episode full of nuggets of wisdom.

CORRECTION: Please note that at minute 15 there is a numerical error. "I misspoke and said $100 in stocks grew from 7,500 to 12,000 and it should have been 750,000 and 15 million."

🔗 Connect with us

Buy CUtFI a coffee

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Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show:

www.paulmerriman.com

Sound Investing Podcast

The Merriman Financial Education Foundation

Free Ebooks

https://opensocialsecurity.com

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

Jackie Cummings Koski, CFP, has been featured on CNBC, The Rachel Ray Show, Marketwatch, Forbes, and People Magazine. She is a single mother and a force in financial education who grew up in poverty, started late on her path to FI, and "finished early" with a net worth of $1.4M at 49 years old. Her story is incredible. Her wisdom is vast. Her dream of a financially literate society is a palpable passion. She is not done yet!

🔗 Connect with us

Buy CUtFI a coffee

Record a message for CUtFI

Thank you to our sponsors:

Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)

Measure Twice Money ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course)

Nectarine: Advice-Only Financial Advisors

Resources mentioned on the show: (As an Amazon Associate, I earn from qualifying purchases.)

Jackie can be reached at Money Letters

Jackie supports Better Investing

Jackie's Book Money Letters 2 My Daughter is available for purchase on Amazon

If you wish to obtain an In Case of Emergency (ICE) Binder, you can find it at Emergency Binders

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.