In this episode of Purpose Beyond Wealth, Jake Carson and Lily Morgan explore the journey of a 30-year-old who has achieved financial stability but is now searching for deeper meaning and purpose. With $400K in investments, a paid-off $600K home, and a stable six-figure remote job, they’re asking, “What’s next?” We’ll discuss the complexities of transitioning from a frugal lifestyle to embracing the joys of life, while maintaining a sense of financial security. If you’ve reached your financial goals and find yourself wondering how to align your wealth with your passions, join us as we explore strategies for finding fulfillment beyond just financial success. Whether it’s discovering new passions, considering travel, or giving back, we’re here to help you navigate the next phase of your journey.

In this episode of Tracking Your Net Worth, Jake Carson and Lily Morgan explore the best tools for keeping tabs on your financial progress. Inspired by a question from the r/Fire community, we dive into app recommendations and the pros and cons of using spreadsheets versus dedicated net worth tracking apps. We’ll highlight free options that are spam-free, provide meaningful insights, and discuss the value of becoming your own “spreadsheet guru.” Whether you’re looking for simplicity or in-depth analysis, join us as we break down the best solutions for tracking your net worth and optimizing your path to financial independence!

In this episode of Financial Independence, Jake Carson and Lily Morgan discuss a crucial aspect of reaching FIRE: making informed, independent financial decisions. Inspired by recent r/Fire community posts, we explore why it's essential to resist the urge to outsource financial planning to strangers on the internet. Instead, we delve into the importance of building your own knowledge base—understanding Roth IRA limits, planning for capital gains taxes, and preparing for various retirement scenarios. If you’re serious about optimizing your FIRE journey, join us as we share why studying the details can lead to thousands, even hundreds of thousands, in long-term gains. We’ll help you take charge, make informed choices, and confidently navigate your path to financial freedom.

In this episode of Bitcoin Regrets, Jake Carson and Lily Morgan dive into a story that hits home for many early Bitcoin adopters. Our listener shares a tale from the mid-2010s, when they spent a night at a local pub offering 2-for-1 beers in exchange for Bitcoin—back when $3 could buy a whole Bitcoin. Fast forward to today, and that night out translates to a jaw-dropping $470,000. We discuss the emotional rollercoaster of “could have, should have” moments in investing, and why it's essential to focus on the future rather than past missed opportunities. If you've ever felt a pang of regret over a financial decision, you’re not alone—join us as we explore how to move forward with financial peace of mind.

In this episode of Maxing Your HSA in Retirement, we, Jake Carson and Lily Morgan, unpack the ins and outs of Health Savings Accounts (HSAs) for retirees. We respond to a recent query from a listener who retired in May and is navigating their HSA contributions for 2024. After moving their HSA from an employer-sponsored plan to Fidelity, they’re wondering if they can still max out contributions even without earned income. We’ll break down their math, explore eligibility requirements, and clarify the steps for claiming HSA deductions on their tax return. If you’re retired or thinking about retirement, this episode offers valuable insights into maximizing your HSA and optimizing your retirement finances!

In this episode of Chasing $15 Million, Jake Carson and Lily Morgan dive into the ambitious goals of a young professional from the r/Fire community, who is aiming to reach a $15 million financial milestone. Already saving a substantial portion of his high income, he’s exploring ways to speed up his journey, from adding income streams to considering real estate investments. We’ll discuss the varied advice from the FIRE community, covering topics like resisting lifestyle inflation, the importance of career growth, and the pros and cons of diversifying into real estate. If you’re looking for insights on accelerating your path to financial freedom, this episode is packed with strategies and inspiration!

In this episode of Beyond FI, Jake Carson and Lily Morgan explore what it means to live a truly “rich life” that goes beyond financial independence. Inspired by a Reddit discussion from a user in their late 30s, we delve into topics like redefining purpose, achieving personal growth, and building a life filled with travel, family, and meaningful experiences. We'll discuss frameworks, resources, and book recommendations shared by the community, touching on how to map out a fulfilling life that resonates deeply. Join us as we uncover what it takes to go beyond financial freedom and live a life that’s rich in every sense!

In this episode of Investment Dilemmas, we, Jake Carson and Lily Morgan, dive into a common challenge faced by many in the FIRE community: figuring out the best place to invest excess cash. Our listener has a solid foundation with over $126K in various accounts, including chequing, mutual funds, and TFSA holdings, but they’re unsure how to maximize their savings as they work toward a large down payment on a house. We’ll break down their current portfolio and explore whether it’s better to prioritize the TFSA, invest further, or take a different approach. If you’ve ever struggled with where to put your money for the best results, this episode is a must-listen!

In this episode, Jake Carson and Lily Morgan dive into an intriguing r/Fire community discussion. A user is considering leaving their job to live off a 5% withdrawal rate, supplemented by a side hustle that could cover up to 100% of their expenses over the next 5-10 years. We unpack the advice shared by the community, explore tools for calculating safe withdrawal rates, and weigh the pros and cons of this bold strategy. Together, we'll discuss the importance of factors like age, spending habits, and the potential for scaling side hustles, bringing you closer to your own path to financial independence!