The Financial Independence Show

By Cody Berman and Justin TaylorBusiness Entrepreneurship Investing Careers

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The Financial Independence Show episodes

March 06, 2024 Frugal Adventures, Getting Creative, and FI Without Sacrifice | Sean & Alex
Can you really pursue financial independence at a young age and still live an exciting life?
Frivolous hobbies have to take a back seat right?
Sean and Alex are living proof that you can indeed build a life full in both riches of money and experience.
Justin got introduced to Sean and Alex when they reached out for some financial coaching.
It was quickly obvious that this couple had accomplished a ton already and had a massive amount of potential going forward.
They had already mastered the hardest part to teach.
The mentality.
Alex lived in a sailboat at one point, and Sean did some serious house hacking when he rented out rooms in an 8-bedroom house.
It's another great example of how there is no blueprint, you just have to be creative and seek value that aligns with your values.
They overcame some huge student loan debts, have amassed a $750k net worth, and will be financially independent in months!
Keep in mind they did all this while traveling the world, owning a plane, flying to every state in the country, skiing, running marathons... Really too much to capture.
They have packed in more adventure than about any couple I know and are right on track for an early retirement.
We hope you enjoyed us showcasing a story of people still on the journey and will be inspired by their amazing yet repeatable path.
If you enjoyed this episode, don't forget to share this podcast with a friend!
Links From the Episode
Sean's Instagram
Alex's Instagram
Sean's website
YouTube Interview
https://youtu.be/_JcX1_zcM3g
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
47 min
February 28, 2024 Our Biggest Money Mistakes
We're money experts and would never fall for a financial trap right?
Not exactly...
Over the course of our lives, we've made some pretty bad money moves.
It is scary to think about how much more money we could have had at age 65 if we hadn't blown that money.
But we're all human, and we all make mistakes.
And that's really what we want you to take away today.
Understand that making mistakes is part of the journey, the important part is that you learn from them.
What were some of these mistakes?
Expensive cars that wiped out savings
Major percentages of net worth wasted on a single volatile stock
Whole life insurance policy
Thinking you've outsmarted the market
More
If we really examine these, most come down to emotions.
Getting sucked into the excitement of getting rich.
In reality, the math to financial independence is fairly simple, the hard part is staying the course.
Make a plan, and stick to it, regardless of the hype cycle and you'll be rich one day.
Thank you all for listening and may this episode help you on your path to a financially independent future.
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
25 min
February 21, 2024 How Justin Hit FI at 30 | Fit Rich Life
This episode is a re-air of the Fit Rich Life Podcast episode which explores Justin Taylor's journey of utilizing creativity and determination to accumulate freedom-giving wealth.
Get a step-by-step breakdown of just how he reached financial independence at age 30.
In this episode, you will learn about:
Using Adversity as Fuel to Pursue Higher Education
How Justin Reversed Engineered His Way to Happiness
Justin's Use of Creative Thinking to Reach Millionaire Status
CampFI: A Camp for Financial Independence and Wealth Creation
The Mega Backdoor Roth Strategy
Justin's Journey to Financial Freedom
Fitness Transformation & Much More!
Key Quotes:
“Do what's best for you, not what's expected of you.” - Justin Taylor
“If you weigh your food, you don't have to weigh your body.” - Justin Taylor
“I'm not living a restricted life whatsoever. I'm just very efficient with my money, and I only spend it on the things that move the needle for me." - Justin Taylor
“Anything you do in life with the right mindset, you can make it fun and cool.” - Justin David Carl
Links from the Episode
CampFI
The Shockingly Simple Math Behind Early Retirement
Backdoor Roth How-to
The Financial Independence Show - Episode 188
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
1 hr 45 min
February 14, 2024 Traveling the World Full-Time | Jess Wang
What does it cost to travel the world full-time?
$250,000? $100,000? $50,000?
Jess Wang has been traveling ever since she quit her job in 2019 and has now visited a total of 64 countries (with a mission of reaching 100 within the next two years).
In this episode, she breaks down:
How she set herself up financially to retire at age 43
The real costs of full-time travel (category by category)
How she managed to visit 40+ countries since retirement
Tips & strategies for FI-friendly traveling
How she finds accommodation, flights, and food
Her favorite and least favorite destinations
What you think you need vs. what you actually need
And many more travel-related topics.
If you enjoyed this episode, don't forget to share this podcast with a friend!
Links From the Episode
Remote Year
Skyscanner
YouTube Interview
https://youtu.be/io9OGu8LgFQ
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
58 min
February 07, 2024 From Unhappy Lawyer to 8-Figure CEO | Rachel Rodgers
Becoming a very successful lawyer and pulling in almost 7-figures sounds like the ultimate dream for many.
But for Rachel Rodgers, that was just the beginning.
The real beginnings for Rachel started in New York without a lot of money or money talks.
Rachel was exposed to how the other half lived though, and that inspired her to chase after a lucrative career.
That is what sent her toward practicing law.
After building out a very successful practice, she realized it wasn't law that she enjoyed.
She enjoyed the art of building businesses.
Rachel also realized that she could help a lot of under-represented people do the same.
Today, you can find Rachel running HelloSeven where she's doing just that.
HelloSeven's mission statement is pretty powerful:
Our mission is to help you make more money. Period.
We teach you how to increase your income, build wealth, and earn 7 figures per year without sacrificing your family, health, or sanity in the process.
Rachel has truly built an impressive business and community of business owners.
Make sure to check the links below to see the great works that Rachel has authored and will author in the future.
If you enjoyed this episode, don't forget to share this podcast with a friend!
Links From the Episode
HelloSeven
Rachel's Book - We Should All Be Millionaires
Rachel's New Audio Book - Six Figure Side Hustle
YouTube Interview
https://youtu.be/S3VKMaaz3HQ
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
1 hr
January 31, 2024 Bad Personal Finance Takes (Part 2)
Who needs a financial advisor when you have TikTok right?
Be careful where you get your financial advice from.
The internet is full of confident people, spouting absolute garbage.
Some are trying to take your money.
Some are trying to get clicks.
And some are... just dumb honestly.
No worries though, we're here to make sure you always have a top-notch financial education.
Today, we'll have a little fun picking apart some of these bad takes.
Some topics include:
Are you destined to run out of money with the 4% rule?
Are credit cards just a scam?
Is there a foolproof way to get fancy things like Rolex watches for free?
Do you have way too much cash in your accounts?
How owning a house actually does cost money
It's wild how confident some of these people seem to be with their views.
Financial misinformation is super dangerous and could lead you into some very bad spots.
While we had fun with this one and some are almost comically bad takes, be careful out there.
Remember, if it's too good to be true, it probably is (except the Mega backdoor Roth of course)
Thank you all for listening and may this episode help you on your path to a financially independent future.
Links from the Episode
Hilarious TikTok advice
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
33 min
January 24, 2024 How He Made $100,000 in 48 Hours | Brian Luebben
Last week we talked about starting a business in 60 minutes or less.
No website, no logo, no business plan, just a solution to a problem and a way to collect payment.
And today's guest, Brian Luebben, did just that.
In fact, Brian was able to bring in over $100,000 in just 48 hours.
You'll hear all about it in the episode.
Brian is the author of the new book From Passive to Passionate and host of The Action Academy Podcast.
We brought you Brian's backstory in episode 203.
Today, we'll dive into the evolution of Brian and reflect on his book and the strides he's taken in business.
This includes converting a flurry of free offerings into a roster of paying customers.
If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!
Links From the Episode
Action Academy (tell them we sent you)
Brian's Book
Brian's Podcast
Brian's Instagram
Brian's first appearance on The FI Show
YouTube Interview
https://youtu.be/k3JytByDFKc
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
1 hr 3 min
January 17, 2024 How to Start a Business in 60 Minutes or Less
Whether it's a path to financial independence or an outlet post-retirement, starting your own business could be a great goal.
But that's got to be really hard right?
Today, we're bringing you a step-by-step walkthrough to starting that business with almost no effort.
What do you actually need to start a business?
Probably a lot less than you think.
The biggest takeaways you should have are:
You don't have to invent the next big thing, just provide a product/service that's slightly better than the competition
You don't need a business plan, just a landing spot for people to see and sign up for your product/service.
You can always add additional layers to the business after you launch
Deciding what you want to do, or what you want to call it might be difficult, but if you have an idea you are passionate about, don't let the fear of starting a "real" business hold you back.
Now go out there, create that new income stream, and let us hear about it in the Facebook Group.
Thank you all for listening and may this episode inspire you to start your very own business.
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
46 min
January 10, 2024 The Traditional Path to FI | Bob Haines
Retiring early sounds like an incredible goal.
But to get there, you'll need either amazing luck, your own business, or to hit it big on a risky investment.
Don't you?
Today's guest, Bob Haines, is here to showcase why that's not true at all.
Bob's story is one that's likely much more relatable for you than many of our other guests.
He started saving young, he leveraged his skills to continuously push for raises, he invested, and he retired early.
It really can be that simple.
Bob's grandmother instilled in him a very aggressive target for saving.
Save 90% of every dollar from a raise.
That would ensure that his lifestyle would see small increases while hopefully, his income could see giant leaps.
Bob also always pushed for his worth.
He didn't just take the pay he was offered and settle.
All too often, employees get fed up with their pay, make up their minds it's time to go, and magically their employer can offer them a raise.
Surprise! They always could have paid you more, but why would they if you didn't ask for it?
The other lesson you can take away is to bring your research.
Bob actually took salary surveys and approached his boss for a >50% raise.
His boss agreed he was worth it, but couldn't pay him.
The main reason was relativity.
Yes, Bob was worth it, but if more senior members weren't making that, how could Bob get paid that?
And in some companies, it's just the percentage increase in general that has limits, not the pay itself.
So if you start out low, you're always fighting an uphill battle.
This is why job-hopping can be such a powerful tool.
You take away the HR restriction that a pay increase can only be 10% because you're coming in as a fresh hire.
Bob would hop roles and companies every few years to maximize earnings (one year over $500K).
In the end, Bob was actually already financially independent before it was a goal of his or even a term he knew.
Today, Bob and his family are traveling the world and have actually seen their net worth grow.
Bob's story showcases that you can indeed reach financial independence the old-fashioned way.
Just a skill, an employer, and a simple investment portfolio.
If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend!
Links From the Episode
Bob's Twitter
Bob's Instagram
YouTube Interview
https://youtu.be/KAcHDhAQKyg
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFiShow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
1 hr
January 03, 2024 2023 Recap – Money Hacks, Health Goals, and Lots of Travel
Another year down!
The guys break down what they accomplished in 2023 and where they stand going into 2024.
They're entering 2024 with a combined net worth of $4.2M while also being in the best shape of their lives.
Cody is now married and Justin is now retired.
Those are some major life updates and it's amazing how much changes each and every year.
Justin had his first calendar year of giving up alcohol and Cody keeps adding to his list of successful businesses.
The guys break down the episode into three major categories:
Wealth
Health
Travel
It's a financial podcast so of course there are financial hacks covered with resources provided.
But the journey is so much more than just finances.
Health and wellness are also huge topics in this episode.
Then the episode is rounded out by covering the laundry list of awesome travel and experiences from 2023.
The road to financial independence doesn't have to be one of boring sacrifice.
This gets reinforced through Justin and Cody's lifestyle every year.
In 2024 we're confident we'll end up happier, wealthier, armed with new experiences, and well over 2 million downloads on the podcast!
Thank you all for listening and may this episode help you on your path to a happy, healthy, and financially independent future.
Links from the Episode
Cody's Financial Hacks
Qualified Small Business Stock
Multiple Employer, 401-k Contributions
Real Estate Professional Status
Justin's Retirement Journey Documentation
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Grab the Ultimate FI Spreadsheet
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please subscribe and leave a rating/review!
>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
43 min

About The Financial Independence Show

From the publisher's feed

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial…