Extreme Personal Finance Show

Don’t Wait to Retire: How to Get Your Time Back With Brian Herriot

What if you didn’t have to wait until 65 to get your life back? In this episode of The Extreme Personal Finance Show, Chris talks with Brian Herriot, financial advisor, former management consultant, and author of Time Freedom: Rethink Your Work and Money to Create a Life You Love Now.

In 2020, Brian ran his numbers after the COVID market crash and found he was still 20 years from financial independence. He and his wife asked a better question: what if we go after control of our time first? By 2023, he was taking his first summer off at a lake cabin in Wisconsin.

In this episode, you’ll learn:

• Why financial freedom is “absolute freedom” and time freedom is “meaningful freedom”
• The time freedom formula: lifestyle expenses = investment income + flexible work
• Brian’s 3-year path from corporate career to a flexible lifestyle business
• How to build money confidence and push past scarcity thinking
• When using retirement money for a business can make sense, and why Brian says it must be as sure a bet as possible
• How to design your lifestyle with the “look back, look ahead” exercise and four key life areas
• How to keep time freedom flexible when your family and seasons change
• What to do with time freedom once you have it (the “call to greatness”)
• Practical moves for W-2 employees, from using all your vacation to reading your HR manual

Timestamps

• 00:00 Intro
• 02:13 What time freedom means
• 03:38 Meaningful freedom vs. absolute freedom
• 05:54 The time freedom formula
• 09:13 The 3-year path
• 14:37 Money confidence and scarcity thinking
• 16:25 When to quit and kill criteria
• 19:20 Using retirement accounts to invest in yourself
• 24:28 Designing a lifestyle (budgets never work)
• 30:34 Keeping time freedom flexible as seasons change
• 32:32 Is time freedom a privilege story?
• 37:01 Time freedom for W-2 employees
• 41:28 The first step to take
• 42:15 Where to find Brian

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Resources and Links:

https://timefreedom.life

Time Freedom Calculator
 https://timefreedom.life/help/

Brian’s Substack
 https://brianherriot.substack.com

Vision Setting: The Power of a 10-Year Life Plan (Debbie Millman’s “Remarkable Life” Exercise)

https://diewithzerobook.com

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Tax Brackets Explained: Why a Raise Never Cuts Your Take-Home Pay [RE-ISSUE] | 119

Episode Summary:
This is a re-issue from a few years ago and it has been one of my favorite episodes. My late friend Dan did such a great job in explaining how our progressive tax brackets work. Ever turned down overtime, a side gig, or a promotion because you were afraid of landing in a higher tax bracket? You’re not alone, and you’re also working off a myth.

In this episode of The Extreme Personal Finance Show, Chris is joined by his buddy Dan Hine to break down how the U.S. progressive tax system really works. They use the “bucket” method, picture a faucet filling one bucket at a time, to show why only the dollars inside each bracket get taxed at that bracket’s rate. No, a raise will not leave you with less money in your pocket. There is no 100% tax bracket, folks.

In this episode, you’ll learn:

• How progressive tax brackets work, without needing a CPA
• The difference between your marginal tax rate and your effective tax rate
• Why the “promotion tax penalty” is a myth
• Why brackets apply to taxable income, not your salary
• How to avoid surprises at tax time with a simple estimation approach
• Where to find free tax help if the whole thing still feels overwhelming

2026 Federal Tax Brackets (Single Filers, Taxable Income):

• 10%: $0 to $12,400
• 12%: $12,401 to $50,400
• 22%: $50,401 to $105,700
• 24%: $105,701 to $201,775
• 32%: $201,776 to $256,225
• 35%: $256,226 to $640,600
• 37%: $640,601 and above

Quick note: These brackets apply to taxable income, which is what’s left after deductions. The 2026 standard deduction for a single filer is $16,100, so someone earning $50,000 gross will not have $50,000 of taxable income.

Resources Mentioned:

• Fidelity’s tax bracket article (the faucet and buckets graphic)
• IRS: Federal income tax rates and brackets
• IRS: 2026 tax inflation adjustments
• Free tax help through local libraries and IRS-supported programs
• Heavy Metal Money blog: heavymetal.money

Disclaimer: This episode is for educational purposes only and is not tax advice. Talk with a qualified tax professional about your situation.

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Building A Life Worth Retiring To with Amberly Grant | 118

What happens when you build a money community and then take it around the world?

What we cover:

• Why Amberly started FinTalks in the worst month in modern history to start anything
• Turning a weekly Zoom call into cruises, castles, and Antarctica
• How travel advisors actually get paid, and why booking through one costs you nothing extra
• Group rates, onboard credit, and automatic repricing most people never ask about
• The Scotland castle co-working and no-working trip, and the Italy version coming in 2027
• Real numbers on the short-term to long-term rental pivot
• What killed short-term rentals in Denver, and whether it's coming for your market
• Midterm rentals explained, including the insurance placement angle
• Renting out your primary residence so you can travel
• Financing, house hacking, and the first call every new investor should make
• Tenant screening that actually works, including Chris's car trick
• Travel as a muscle, and how to build it if you're a homebody
• World schooling, green cards, and raising kids who've seen more than one country

This week I'm joined by Amberly Grant, real estate investor, financial educator, and the creator of FinTalks, a weekly money and life community she started in March of 2020. And not just because it seemed like a good idea. Amberly started it while her life was falling apart. She had just left her fiancé, handed over $80,000 to buy him out of their house days before the market dropped, and decided the best thing to do while hurting was to go help other people. Six and a half years later, FinTalks is still meeting every Tuesday.

That community has grown into something wild. It started with in-person meetups in Colorado, turned into a 65-person cruise, then a 120-person cruise, then a two-week co-working and no-working adventure in a Scottish castle with scotch tastings, sheep herding, and race car driving. Now she's got two Caribbean cruises on the books for January 2027, an Italian farmhouse in August 2027, and an Antarctica expedition in 2028 where 57 people have already signed up at $16,500 a head. Amberly thought frugal people would never go for it. She was wrong.

But this episode is not just travel talk. Amberly opens the books on why she's moving her rental portfolio from short-term to long-term, and she does not sugarcoat the cost. At her peak she was clearing about $6,500 a month. By 2025 that was down closer to $4,000. Going long-term costs her another $1,000 to $1,500 a month. She did it anyway, and she explains exactly why: a saturated Denver market, Airbnb support that let her down, guests who started treating her place like a hotel room, three bad stays in a row, a second baby, a full-time job, and a travel business she was building on the side. Something had to go.

We also get into the stuff you can actually use. What a midterm rental is and why insurance placements are one of the best-kept secrets in the game. How Amberly rented her primary residence for $6,000 a month while living in Mexico City with a three-month-old. Why she makes every prospective tenant get on a 15-minute phone call before she'll even schedule a showing, and how that process has kept her properties at basically zero vacancy for six years. Why vetting is the single most important stage of your entire real estate journey. And why you should never, ever do favors for people who give you a sob story, with one exception she'll explain.

Plus the part that hit home for me personally: Amberly's take that travel is a muscle. If you haven't flexed it, of course it feels scary. Start small, start known, and work your way up. As a guy who likes his own bed and gets a knot in his stomach at the airport, I needed to hear that.

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Resources and Links:

https://www.amberlygrant.com

https://www.amberlygrant.com/travel-events

https://www.amberlygrant.com/fintalks

Amberly on instagram
 https://www.instagram.com/amberlygrant/

Mile High FI Podcast

https://milehighfi.com

CampFI

https://campfi.org

https://www.silversea.com

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

How to Retire on Purpose: The Last 6 Months Before Walking Away

What happens when your financial advisor looks you in the eye and says "you could retire today," and you decide to keep working anyway?

My friend Scott Folland is back on the show, and this time he's got a date circled. He's an orthopedic PA here in the Twin Cities, he's been at the same practice for 15 years, and he's clocking out for good in early January. Not because he hates the job. He actually likes it. That's what makes this conversation so different from most early retirement stories you hear.

Scott walks us through the slow downshift, going to 80% time with Fridays off a couple of years back, then spending six months training the person who's taking over his role. We get into the part almost nobody talks about: what happens to your identity when the title goes away. Scott's had three sabbaticals in his career, including two years living overseas in East Africa, so he's had some practice being a person who isn't his job.

Then there's the whiteboard. Scott went through a retirement planning module, decided the "vision board" exercise was corporate nonsense, bought a whiteboard at Target out of spite, and ended up with something that now sits next to his bed where he looks at it twice a day. Three columns: things to add, things to try, and things to cut out of his life entirely. That middle column is the one most people skip.

We also get into the nuts and bolts. Where the money comes from first, why he's letting the 401(k) keep growing even though the rule of 55 is right there, how he's covering health insurance before Medicare, why he shut off his retirement contributions in the final year, and what he's doing with 2,700 miles of gravel road between Mexico and Banff.

Oh, and he's planning to get a job. Two of them. You'll want to hear why.

If you're a few years out and terrified to pull the trigger, Scott's closing advice is worth the whole episode.

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Resources and Links:

Stacking Benjamins Podcast

Marks Money Mind Podcast

Earn & Inest Podcast

Faribault Wool Mill Tour

Hostel Movie

Rock Retirement Club

https://www.rockretirementclub.com

Jean Chatsky’s The Forever Paycheck

Life Transitions - Live from CampFI RM Week 3 | Episode 051

https://youtu.be/7i_tGglOv28?si=3HQ2tKU2e2p4Qhz0

Williams Sonoma Coffee Class

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Stop Competing, Start Collaborating with Joe Saul-Sehy and Jordan Grumet | 116

Joe Saul-Sehy from Stacking Benjamins and Dr. Jordan Grumet (Doc G) from Earn & Invest trashed my place…err I mean crashed at my place during Camp FI Midwest. Naturally, I put freakin’ microphones in front of them!

This one started as a conversation about our joint Benjamins After Dark meetup in the Twin Cities and turned into a full-on masterclass on why collaboration is a money skill. Not a soft skill. A money skill.

Competitor or collaborator? Pick one. Joe tells the story of meeting a brand new finance podcaster at Podcast Movement who wouldn't even say what his show was about. Joe never heard from him again. Being guarded gets you nowhere.

You grow no matter where you sit. Doc G breaks down the mentor, mentee, and peer roles. If someone knows more, they're your mentor. If they know less, you're theirs. Either way, both sides walk away with more than they started with. As they say in medicine: see one, do one, teach one!

Set the goalposts before you start. Collaborations can go sideways because nobody defined what success looked like up front. Different intentions, different audiences, two years of silence. Doc G's take: if one person wants to educate for free and the other wants to charge per download, you need to know that on day one.

Be useful. Joe pulls from Alex Hormozi and Zig Ziglar: become the person people call. In his financial planning days, clients called him for mortgage guys, estate attorneys, even mechanics. That's the whole game.

Open your network or go home. Doc G says a collaborator who won't share their contacts isn't worth their salt. I've seen the opposite in my tech career, people hoarding contacts like dragons on gold. It never works.

Your advisor should be a collaborator. If someone leads with a product instead of asking about your life, that's a sales pitch, not advice. Roger Whitney's line: anyone who leads with product and not process is not an advisor.

Networking is dead. Doc G declares it, and Joe agrees it should be. Replace it with three steps:

1. Show up somewhere with like-minded people
2. Listen more than you talk
3. Be generous with what you know when the time is right.

Friendships over FI numbers. Joe says becoming financially independent was fine. Realizing he had enough people in his corner that they'd never let him fail? That hit way harder.

Collaboration leads to impact. Doc G's closer. We all say we want money and career success. Roll it up and what we really want is impact. Collaboration is how you get there.

Bonus content: a Camp FI travel hacker who turned out to have a PhD in agriculture, Joe getting pizza oven lessons at his sister's birthday party, my uncle refusing to meet my banker at the horse track, and a man in Mankato who volunteers so much people call him Mr. Mankato.

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Resources and Links:

Dr. Jordan Grumet

https://jordangrumet.com

Earn & Invest Podcast
 https://jordangrumet.com/episodes
 
Jordan’s Substack 

https://substack.com/@jordangrumet

Joe Saul-Sehy
https://joesaulsehy.com

 Stacking Benjamins Podcast
 https://www.stackingbenjamins.com

Benjamins After Dark Meetup Groups

https://www.stackingbenjamins.com/groups/

CampFI

https://campfi.org

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Live From CampFI: The Power of Community with Bill Yount (Catching Up to FI) | 115

This one's different. We recorded this episode LIVE, on location, at CampFI Midwest Week 1, and I brought in Bill Yount from the Catching Up to FI podcast, to co-host it with me.

Bill and I have been talking about jamming for a while, so it only made sense to finally do it in person, in a room full of people who've actually lived this stuff. We talk about why community might be the most underrated piece of the FI journey, and then we bring a handful of campers up to the mic to share their own stories.

You'll hear from Amy, who went to five CampFIs this year and organized the very first Camp FI New York. Rhonda, who's hit 24 FI events since 2020, including 14 CampFIs. JJ, the 25-year-old who's already thinking about giving back before most people his age are thinking about a 401k. And a surprise first-time guest, Adrian, who talks about finally finding her people.

Bill and I also get into giving. I talk about the nonprofit I started after reaching FI, helping families with babies in the NICU cover the bills that pile up during an already brutal time. Bill shares his own giving story involving therapy dogs, a donor-advised fund, and a hospital oncology unit.

This episode isn't about spreadsheets or net worth numbers. It's about what happens after you get the numbers right, and why so many of us end up circling back to the same conclusion: this journey is a lot better with people around you. Whoo! Let’s go! 

Catching up to FI 

https://catchinguptofi.com

About Bill & Jackie
 https://catchinguptofi.com/about/

https://www.linkedin.com/in/bill-yount-md-a8033036/

https://www.linkedin.com/in/jackiecummingskoski/
 
DOLLAR DESTRUCTION by Locus of Control 

https://www.youtube.com/watch?v=ecd_SapmcH8

Local Twin Cities Stacking Benjamins Meetup Group on Facebook
 https://www.facebook.com/share/g/1az41DVj1y/

Federal Reserve Bank of Minneapolis Tours

https://www.minneapolisfed.org/connect/tours

ChooseFI iOS App
 https://apps.apple.com/us/app/choosefi/id6751371252

The Luger Foundation

https://www.thelugerfoundation.org

Daffy - Donor Advised Funds

https://www.daffy.org/

Dolly Parton Children’s Hospital

https://www.dollychildrens.org

Discover Stillwater, MN
 https://discoverstillwater.com
 
Nelson’s Ice Cream

https://www.nelsonsicecream.biz
 

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Building a Work-Optional Roadmap & How to Retire Early with Chad Taylor | 114

Do you make good money but still feel like you're falling behind? You're not alone. In this episode, we sit down with Chad Taylor, wealth advisor and founder of Seapoint Wealth Advisors, to discuss why so many high earners struggle with their finances. Chad shares his journey from the big brokerage world to independent advising and offers practical advice on how to take control of your financial future.

Key Takeaways:

• The "I Make Good Money" Problem: Why tracking your spending is the first step to financial clarity.
• Building a Work-Optional Roadmap: How to plan for a lifestyle that doesn't depend on a traditional retirement.
• The Psychology of Retirement: Navigating the identity crisis that often comes with leaving a high-powered career.
• Avoiding Common Mistakes: The two biggest errors people make in the five years leading up to retirement.
• Investment Strategies: Chad's take on diversification, real estate, and why crypto isn't part of his long-term plan.

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Your Money Trauma Is Real: Dr. Erika Rasure on Debt, Shame, and Healing Your Financial Nervous System | 113

Debt doesn't care how smart you are or how much you make.

This week I talk with Dr. Erika Rasure, Chief Financial Wellness Advisor at Beyond Finance, about the emotional weight behind debt, the difference between guilt and shame, and why most budgets fail for reasons that have nothing to do with math.

We also break down her RESET Framework and I bring her a real purchase I'm still feeling weird about. Horns up.

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Resources and Links:

Rob Zombie - The Black Scorpion

https://www.youtube.com/watch?v=su9eBim2VYQ

https://www.beyondfinance.com

The Beyond Finance RESET Framework
 https://www.beyondfinance.com/blog/reset-framework/

Connect with Dr. Erika on LinkedIn

https://www.linkedin.com/in/erikarasure/

Personal Gravity - Center for Transformational Coaching
 https://www.centerfortransformationalcoaching.com/healing-your-personal-gravity/

Get your own DIAL-UP SURVIVOR SHIRT

https://www.screamingbeaver.shop/product-page/dial-up-survivor-modem-unisex-t-shirt

Mystic Lake Casino Amphitheater 

https://www.mysticlakeamp.com

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

How I Reached Financial Independence in 10 Years | FI Minded with Justin Peters | 112

Chris Luger of Heavy Metal Money joins Justin Peters on Fi Minded to talk about reaching financial independence in roughly 10 years, starting from a rough spot most people don't talk about publicly: a divorce that left him having to learn personal finance from scratch in his mid-thirties.

In this episode:
• Why Chris's net worth was around $200K after his divorce settlement, and how it grew to about $3.2 million a decade later

• The notebook-and-pencil method he used to start tracking spending for the first time in his life

• How overpaying on homeowners insurance for years taught him to shop every policy

• Cutting $500 to $700 a month in eating out expenses without feeling deprived

•  Using a mega backdoor Roth conversion to stack an extra $30K a year into retirement accounts

• Side hustle income from car wrap advertising and other creative angles

• How Chris avoided burnout across a 10-year journey by finding community at events like Camp FI

• The real difference between frugal and cheap

Contact Chris:
https://heavymetal.money
https://www.facebook.com/MoneyHeavyMetal
https://x.com/MoneyHeavyMetal
https://www.instagram.com/chrisluger
https://www.tiktok.com/@heavymetalmoney
email: chris at heavymetal.money

Connect with Justinhttps://pod.link/1496701179https://www.linkedin.com/in/justinleepeters/

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money

Why Women Need Their Own FI Space with Kim Hunter-Borst | 111

Why do women need their own space in the financial independence world? This week I sit down with Kim Hunter-Borst, the heart and driving force behind Women of FI, to talk about the stuff that doesn't show up in a spreadsheet.

Kim spent over 35 years in health insurance before finding her way into the FI community, and what she's built with Women of FI is something different. We get into the "girl math" trope and why women walked out of her college math exam. We talk about the mental load, the list behind the list. We also dig into her own money story, going from $69,000 in debt to financially independent and retired, and what it actually felt like giving herself permission to be unproductive after 40 years of tying her worth to doing.

This one hits different. Grab your coffee, or your water, Kim will tell you it's fine either way, and let's get into it.

In this episode:

• Why women hesitate to ask clarifying questions in financial spaces, and what it's actually costing them
• The "girl math" trope and how it starts as early as a college placement exam
• What the "mental load" and "the list behind the list" actually look like in real households
• Kim's own journey from $69K in debt to financially independent in just a few years
• The dollar cost averaging story that changed one woman's entire relationship with $800K sitting idle
• Why Kim caps her Women of FI events at 50 people, twice a year, on purpose
• The footstool metaphor that explains why women-centered spaces feel different
• Giving yourself permission to be "unproductive" after a lifetime of tying worth to doing

BOOK NOW!

THE NEXT WOMAN OF FI EVENT

Women of FI CoEd Getaway is November 12-15 in Honesdale PA.    Women of FI  CoEd Getaway

Date: Nov 12 • 16:00

https://www.eventbrite.com/e/women-of-fi-coed-getaway-tickets-1988386623918

Contact Chris:

https://heavymetal.money

https://www.facebook.com/MoneyHeavyMetal

https://x.com/MoneyHeavyMetal

https://www.instagram.com/chrisluger

https://www.tiktok.com/@heavymetalmoney

email: chris at heavymetal.money

Connect with Kim
 Website: womenofFI.com
 Email: [email protected]

Resources and Links:

https://linktr.ee/WomenofFI

BREAKING THE FINANCIAL GLASS CEILING: WHY MORE WOMEN NEED TO INVEST

https://heavymetal.money/womeninvesting/

WHO ARE YOU WHEN THE WORK STOPS?

https://heavymetal.money/economekim/

PlanVision

https://www.planvisionmn.com

Contact Chris:
https://heavymetal.money

https://www.instagram.com/heavy_metal_money/

https://www.youtube.com/@heavymetalmoney

https://www.facebook.com/chrisluger

email: chris at heavymetal.money