FIRE the Family Podcast (Financial Independence Retire Early)

By Nick FrenchBusiness Investing

FIRE the Family Podcast (Financial Independence Retire Early) episodes

January 11, 2020 #19 How to Avoid Family Lifestyle Creep, First Day of Judo and Website Updates
Lifestyle creep is dangerous. It comes on slowly, under the cover of darkness and before you know it, you’re left with little money despite a higher income.
Lifestyle creep is also called silent inflation. It’s a phenomenon that’s defined as spending more resources on lifestyle and wants rather than necessities.
https://www.firethefamily.com/home/how-to-avoid-family-lifestyle-creep-silent-inflation
46 min
January 05, 2020 #18 VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares)
VTSAX stands for Vanguard Total Stock Market Index Fund Admiral Shares and it’s the most popular index fund in the financial independence retire early (FIRE) community.
VTSAX is one of many investment funds provided by the Vanguard Group, the largest provider of mutual funds and the second-largest provider of exchange-traded funds in the world.
The Vanguard Total Stock Market Index Fund (VTSAX) provides diversified exposure to small-, mid-, and large-cap companies traded on the Nasdaq and New York Stock Exchange (NYSE). https://www.firethefamily.com/home/vtsax-vanguard-index-fund
41 min
December 31, 2019 #17 Income Trajectory: Increasing Your Lifetime Earning Potential
Income trajectory is defined as the growth of an individual’s income over time. Think of a line on paper moving through space from the bottom left to the upper right and back down again.
A trajectory or flight path is the path that an object with mass in motion follows through space as a function of time.
At some point, the line will reach a peak and begin to decrease. This is your income trajectory. It’s different for each person and is based on their experience, education, location, gender, ability to network, etc… https://www.firethefamily.com/home/income-trajectory
25 min
December 26, 2019 #16- 9 Marriage From 9-Years of Marriage (In My 20's)
Kayla and I got married at the young age of 19 and just celebrated our 9-year anniversary. As much as marrying my high school sweetheart sounds like a fairy tale, it hasn’t always been happily ever after.
I love my wife more than I could ever imagine. She has pushed me further than I ever thought possible and each year my love for her deepens, but marriage is a roller coaster.
Filled with ups, downs and periods of expansion and contraction (much like the stock market).
It’s been a beautiful ride and we’ve both learned so much. There’s no way to distill everything into 9 lessons, but here are 9 that I’m thinking of today.
FIREtheFamily.com
34 min
December 24, 2019 #15- Common Money Marriage Problems and Solutions, 9-Year Anniversary and Xmas Eve!
The best thing Kayla and I ever did for our marriage (and money) was to combine our finances after marriage. We got married at a young age, I joined the Air Force and we moved to Wichita Kansas.
That decision kicked off a series of transitions and financial challenges over the next 10 years. If we didn’t combine our incomes, savings, and goals, I’m confident our marriage would have suffered.
You and your spouse are on the same team. It’s time to stop these financial problems from keeping your marriage from growing.
Let’s take a look at common money problems in marriages and how to work through them.
FIREtheFamily.com
22 min
December 22, 2019 #14- The B.E.S.T Method for Financial Independence Retire Early (FIRE), New Mic & Intro!
My framework to put you on track to achieving financial independence retire early is The B.E.S.T Method.
Financial independence isn’t a get rich scheme, I once thought that way. I found that by understanding and teaching the concepts in the B.E.S.T Method people can’t dispute what they know is true.
You should control your money
You should save for emergencies
You should increase your savings rate
You should invest in the stock market
If you make these 4 life choices, you greatly increase your potential to reach financial independence retire early (FIRE).
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com
34 min
December 17, 2019#13- 22 Actionable Ways to Invest in Yourself
I’m a firm believer in investing in yourself and I believe your 20’s are the best years to do that. This list of ways to invest in yourself is not a list of hobbies. It’s a list of actionable ways to invest in yourself that will provide a return on that investment (ROI).
I’m 28 years old and have done nearly everything on this list. I can speak to the fact that it has led me to where I’m at today and has given me a more fulfilling life. It’s your existence, get to work.
Full Article: "22 Actionable Ways to Invest in Yourself in Your 20's (Mega List)"
Resources Mentioned in the Episode:
FIRE Goal Worksheet

Money Marriage Checklist

FIRE Flowchart

FIRE Calculator
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com
42 min
December 14, 2019#12- How Recessions Help the FIRE Movement
Every day we’re inundated with fear. Fear of war, fear of death, fear of the next recession. There’s little to no doubt that there’s a recession on the way. How do I know this?
The million-dollar question is how will the next recession affect the FIRE movement? I believe the next recession will greatly help me achieve financial independence retire early (FIRE), and it can help you too.
Full Article: "How Recessions Help The FIRE Movement"
Resources Mentioned in the Episode:
FIRE Goal Worksheet

Money Marriage Checklist

FIRE Flowchart

FIRE Calculator
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com
31 min
December 12, 2019#11- 52% of Americans are behind on retirement
52% of American workers say they’re behind where they should be in retirement savings, according to a new study by Bankrate.com. 16% say they are right on track, and 11% feel they are ahead of where they should be in terms of saving for retirement. 20% of respondents say they don’t know if they’re on track or not.
Full Article: "How Recessions Help The FIRE Movement"
Resources Mentioned in the Episode:
FIRE Goal Worksheet

Money Marriage Checklist

FIRE Flowchart

FIRE Calculator
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com
40 min
December 09, 2019#10- The 25x rule, 4% rule and FIRE calculators
Retirement planning sounds complex. The financial industry uses language and jargon to confuse the general public. The more confused you are, the more likely you’ll pay someone to do it for you.
Let’s talk about the most important aspect of retirement planning. How much you can withdraw during retirement and not run out of money. The Trinity study is often quoted and the 25x rule has become a source of truth in the financial independence retire early (FIRE) community.
Full Article: The Science Behind the 25x Rule of Retirement (Trinity Study)
Resources Mentioned in the Episode:
FIRE Goal Worksheet

Money Marriage Checklist

FIRE Flowchart

FIRE Calculator
Imagine if your family could learn to budget, save and invest enough to become financially independent before the age of 65.
Hi, I'm Nick French! I'm here to show you through my own experience, exactly how you can get on the path to financial independence and reach retirement on or before the age of 65. FIREtheFamily.com
23 min

About FIRE the Family Podcast (Financial Independence Retire Early)

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Learn all about the Financial Independence Retire Early (FIRE) movement from the family perspective. Raising 3 boys isn’t easy or inexpensive. Learn from Nick and Kayla as they navigate working…