Fire Drill

Are you including family support in your plans for financial independence?

Sylvia is a practicing lawyer who plans to retire in 2021.  She already hit her financial independence number but is working these last few years so she can support family members who may need her help in future.  She's also a real estate investor and has a rental property in Tennessee.

You'll love Sylvia and her story.

For show notes and takeaways: https://firedrillpodcast.com/fire056

We also chat about...

How Sylvia hit her coast FI number 5 years ago,

Budgeting for landlord life,

The magic of automation and how Sylvia left herself $200 per month for discretionary expenses,

Splitting bottles of vodka as a way to save money (funny story),

Advice for lending money to family members,

The benefits of becoming an independent contractor versus a salaried employee,

Self-directed solo 401(k)s,

Sylvia was an absolute delight to speak with!

Tawcan is Taiwanese and Canadian. His wife is Danish and Canadian. Their kids have Canadian citizenship and could possibly get Danish citizenship too. This dual citizenship opens up tremendous doors for their family. Tawcan is currently happy in Canada but with the rising cost of housing, he could sell their family home and move the family overseas. Tawcan (Bob in real life) is actually the second guest we've had on to discuss Canadian Personal Finance and how Canadians can achieve financial independence.

For show notes and takeaways: https://firedrillpodcast.com/fire055

You'll love Bob and his story.

We also chat about...

Canadian equivalents of 401(k)s including the RRSP,

The crazy Canadian Housing Market,

Property Brothers (sorry had to go there),

The Benefits of dual citizenship,

Visas,

Dividend Income,

Photography side hustles,

How to set your pricing,

The ethics of profiting off wedding hysteria.

Tawcan is Taiwanese and Canadian. His wife is Danish and Canadian. Their kids have Canadian citizenship and could possibly get Danish citizenship too. This dual citizenship opens up tremendous doors for their family. Tawcan is currently happy in Canada but with the rising cost of housing, he could sell their family home and move the family overseas. Tawcan (Bob in real life) is actually the second guest we've had on to discuss Canadian Personal Finance and how Canadians can achieve financial independence.

For show notes and takeaways: https://firedrillpodcast.com/fire055

You'll love Bob and his story.

We also chat about...

Canadian equivalents of 401(k)s including the RRSP,

The crazy Canadian Housing Market,

Property Brothers (sorry had to go there),

The Benefits of dual citizenship,

Visas,

Dividend Income,

Photography side hustles,

How to set your pricing,

The ethics of profiting off wedding hysteria.

Liz a.k.a. Mrs. Frugalwoods left her city life to move to a homestead in Vermont with her husband and daughter. She's now pregnant with their second child and loving rural living. We talk to Liz about the impact of frugal living on a person's development and the environment, her financial independence journey, and tips for those considering homesteading or buying rural property.

We LOVED our chat with Liz and think you'll enjoy it too. It may even motivate you to go roadside scavenging next weekend for free clothes and furniture!

For show notes and takeaways: https://firedrillpodcast.com/fire054

We also chat about...

Collecting homesteading skills,

Embracing the power of DIY and insourcing,

Mr. Frugalwood's chainsaw chaps (what are these?),

Raising kids with all used things,

Guidelines for dumpster diving & where Liz draws the line,

The environmental aspect of frugal living,

Looking good on less.

For show notes and takeaways: https://firedrillpodcast.com/fire054

Liz a.k.a. Mrs. Frugalwoods left her city life to move to a homestead in Vermont with her husband and daughter. She's now pregnant with their second child and loving rural living. We talk to Liz about the impact of frugal living on a person's development and the environment, her financial independence journey, and tips for those considering homesteading or buying rural property.

We LOVED our chat with Liz and think you'll enjoy it too. It may even motivate you to go roadside scavenging next weekend for free clothes and furniture!

For show notes and takeaways: https://firedrillpodcast.com/fire054

We also chat about...

Collecting homesteading skills,

Embracing the power of DIY and insourcing,

Mr. Frugalwood's chainsaw chaps (what are these?),

Raising kids with all used things,

Guidelines for dumpster diving & where Liz draws the line,

The environmental aspect of frugal living,

Looking good on less.

For show notes and takeaways: https://firedrillpodcast.com/fire054

Liz of Chief Mom Officer is a millionaire mom of three boys and wife to an amazing stay at home dad. She's traveled the world for her MBA and has crushed it in her career. We talk to her about how she handled her husband's layoff and traumatic medical event, expanding her family later than expected (thanks, Gwen for asking), ensuring her career progressed while supporting her family, and financial independence of course.

You'll love Liz and her story.

We also chat about...

Questions women get asked versus questions men get asked in interviews,

Breadwinning female millionaires,

Female role models for Gen X vs Gen Y,

How Liz's financial journey started at 18,

Raising your kids to be resourceful and good with money,

Taking time off of work and maternity leave.

For show notes and takeaways: https://firedrillpodcast.com/fire053

Liz of Chief Mom Officer is a millionaire mom of three boys and wife to an amazing stay at home dad. She's traveled the world for her MBA and has crushed it in her career. We talk to her about how she handled her husband's layoff and traumatic medical event, expanding her family later than expected (thanks, Gwen for asking), ensuring her career progressed while supporting her family, and financial independence of course.

You'll love Liz and her story.

We also chat about...

Questions women get asked versus questions men get asked in interviews,

Breadwinning female millionaires,

Female role models for Gen X vs Gen Y,

How Liz's financial journey started at 18,

Raising your kids to be resourceful and good with money,

Taking time off of work and maternity leave.

For show notes and takeaways: https://firedrillpodcast.com/fire053

Why buy one rental when you can buy twenty?

Rich Carey is an Officer in the United States Military who is two years out from retirement. Even though he has moved every 1-3 years and has been stationed mostly overseas, he's purchased rental properties all over the country. He's flipped houses, flipped new construction, and done buy and hold investing. He currently holds 20 rentals in Montgomery, Alabama.

You'll love his story and the advice he gives us on getting started with real estate.

We also chat about...

Why he has 20 properties in one area

How he turned his property management team into a renovation team

Making low ball offers

Buying HUD homes & Foreclosures

Why Rich buys properties in cash

Buying properties in IRAs

TSP & military pension

For show notes and takeaways: https://firedrillpodcast.com/fire052

Why buy one rental when you can buy twenty?

Rich Carey is an Officer in the United States Military who is two years out from retirement. Even though he has moved every 1-3 years and has been stationed mostly overseas, he's purchased rental properties all over the country. He's flipped houses, flipped new construction, and done buy and hold investing. He currently holds 20 rentals in Montgomery, Alabama.

You'll love his story and the advice he gives us on getting started with real estate.

We also chat about...

Why he has 20 properties in one area

How he turned his property management team into a renovation team

Making low ball offers

Buying HUD homes & Foreclosures

Why Rich buys properties in cash

Buying properties in IRAs

TSP & military pension

For show notes and takeaways: https://firedrillpodcast.com/fire052

How do you find the love of your life when you're money conscious?

If you're like Emma Pattee, Gwen, or J - you tell guys up front and let them decide if they're ok with it. Sometimes that means the guy walks away and sometimes that means you end up with the love of your life who is the PERFECT fit for you. Money is the number one reason for divorce and is critical to talk about before marriage and kids.

Emma shares some hilarious stories about her dating and married life that you don't want to miss.

We also chat about...

Frugal date ideas (with help from listeners!)

Talking money with your partner

Why prenups are a BIG DEAL

Listeners chime in with media suggestions for stronger and happier marriages

Show notes at www.firedrillpodcast.com/FIRE051