FI Talk Podcast

In this episode, we talked about how to build wealth by investing in the stock market. We also talked about how we invest the majority of our portfolios. We dive deep into why fees matter in investing and how much it can cost you in the long run. We simplified the meaning of some financial terms like; what is dollar cost averaging? And what are the differences between mutual funds, index funds and ETFs?

In this episode, we discussed the power of the HSA account in a Financial Independence perspective. This is an account that has the triple tax advantage. When the benefits of the HSA is maximized, it is a powerful tool to add to your financial independence journey. We also discussed the importance of staying healthy; when it comes to exercise and nutrition. We also briefly discussed Medicare, Social Security and Life Insurance.

How do you know when you have reached financial independence? In this episode, we discussed how much is enough for financial independence. Financial independence gives you options, time and freedom. You get to decide if you want to work or not. You get to claim your most precious resource;  your time. We all have a very limited amount of time, getting to FI gives you freedom to do what is important to you. Whether it is spending time with loved ones, traveling the world or choosing to work on projects that bring you joy and happiness.

In this episode of the FI Talk Podcast, we discuss statistics on living paycheck to paycheck. Studies show that living paycheck to paycheck is normal in our society but it does not have to be normal for you. 78% of Americans are living paycheck to paycheck. That's a lot of people. Listen to this episode to find out how you don't have to be one of them. We give you tips on how to get out of the cycle of living paycheck to paycheck so that you can build wealth.

In this episode, we discussed the two main methods of paying off debt: The Debt Snowball versus the Debt Avalanche. We also discussed what we consider good or bad debt. We told our debt stories and how we struggled with debt and which method we used to pay off our debt. We also mentioned a list of books that we read that helped us in our personal finance journey.

In this episode, we explained how to calculate your net worth. Then we dove into our financial review of the year 2020. We explained the lessons we learned from the pandemic and how it impacted us financially. How were we financially ready?

This is the trailer for the FI Talk Podcast

This episode is a brief introduction to personal finance and our journey towards financial independence