Today on the FI Garage The Mechanic and The Accountant have a beer and get to speak with Phia, author of Freedom101 Blog. We have a few beers and discuss how Phia and her husband Mike reached FIRE and why she prefers to call it Financial Freedom rather than Financial Independence.

What we are Drinking (1:45)

The Muse & The Golden Promise – Cannery Brewing Merlot Cab Franc Farmhouse – Origin Wines

The Interview

Financial Freedom rather than Financial Independence (5:30)Living the life you want now (9:45)Focusing on what’s next (11:07)Quitting won’t solve all your problems, consider experimenting with not working before you quit for good (12:00)Saving extra money each year even once in FI and over saving for FI (14:15)Other forms of passive income (17:10)The paradox of FIRE (22:20)Driving a Tesla (26:50)The anti-routine, lawn bowling and getting rejected for seniors bridge club (31:00)Favorite Office Episode (32:30)The most overrated part of FIRE (36:05)

Five Steps to Financial Freedom

STEP 1: HOW DO YOU MEASURE YOUR WEALTH?STEP 2: HOW 1+1=3STEP 3: GOAL SETTINGSTEP 4: LIVE BELOW YOUR MEANS – WAAAAY BELOWSTEP 5: THE SIDE HUSTLE