FI for Kids

Financial Independence at 44 – The H.A.CK.E.R. Method – with Brian Tibbs


Listen Later

In this episode of FI for Kids, host Dominic DeLaquil interviews Brian Tibbs, who achieved financial independence at 44. They discuss Brian's journey, the importance of teaching children about money, and the innovative 50-40-10 system he implemented with his kids. Brian shares insights from his book, The Hacker Method, which emphasizes creative wealth-building strategies, including house hacking and investing early. The conversation highlights the significance of parental guidance in fostering financial literacy and the value of taking calculated risks in investing.


Episode links:

https://theunexpectedinvestor.com   

Book:  The Hacker Method by Brian Tibbs  Please use our affiliate link: https://amzn.to/454lH8Q


https://fiforkids.com


Music:  https://www.reverbnation.com/douglascameron

Sponsors:  Money Mavericks video game


Takeaways

Brian achieved financial independence at 44 while being a missionary.

Teaching kids about money is crucial for their future.

The 50-40-10 system helps kids manage their finances effectively.

Investing early can lead to significant wealth accumulation.

House hacking can provide financial freedom for young adults.

Parental guidance plays a vital role in financial literacy.

Understanding money management starts at a young age.

Taking calculated risks is essential in investing.

The Hacker Method offers a framework for building wealth.

Community support can enhance accountability in financial goals.


Chapters

00:00 Introduction to Financial Independence

00:48 Missionary Work and Its Impact

02:56 Lessons from Childhood Money Conversations

06:02 Teaching Kids About Money

10:43 The 50-40-10 System for Wealth Building

13:40 The Hacker Method Explained

23:05 The Power of Exponentiality in Investing

25:43 The Importance of Starting Small in Investing

31:07 The Journey of a Young Investor

38:28 Building a Community of Investors


#financialindependence #personalfinance #moneymanagement #investing

#financialfreedom #FI #FIRE #entrepreneurship #kidsandmoney #passiveincome #moneymindset #teachkidsmoney #investinkids #parenting #wealthbuilding #familyfinance #investinginkids #familybusiness #realestateinvesting



Support this podcast at — https://redcircle.com/fi-for-kids/donations
...more
View all episodesView all episodes
Download on the App Store

FI for KidsBy Financial Independence