November 08, 2023

The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett

1 hour 2 minutes

#141: Financial independence expert Brad Barrett and Chris deep dives into the FI/RE movement. They cover various forms of FI/RE, share effective strategies for investments and retirement planning, and discuss tools to track and manage finances. They also explore the psychological aspects of financial decision making, including the skill of mindful spending.

Brad Barrett (@bradchoosefi) is the co-host of ChooseFI, the number one podcast on financial independence with more than a million monthly listeners. After years in public accounting as a CPA, Brad reached financial independence at the age of 35, without ever earning a six-figure salary.

Link to Full Show Notes: https://www.allthehacks.com/FIRE-spectrum

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Resources Mentioned

All the Hacks: Membership

Episodes:

#2: Financial Independence Without a Six Figure Salary with Brad Barrett

#91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins

#100: Reflecting on All the Hacks, Valuing Time and Focusing on the Year Ahead with Brad Barrett

Brad Barrett: Podcast | Twitter | Website

ChooseFI Episode #71: Silicon Valley FI | Chris Hutchins | Grove

Early Retirement Now: The Safe Withdrawal Rate Series

Wealthfront: Cash Account Bonus 0.5% APY | Automated Investing $5k Free

Tools To Track Your FI Journey:

Free tool: Karsten Jeske’s **[EarlyRetirementNow SWR Toolbox v2.0](https://docs.google.com/spreadsheets/d/1QGrMm6XSGWBVLI8I_DOAeJV5whoCnSdmaR8toQB2Jz8/copy?)**

To Track Spending: Copilot (Free 2 months access with code HACKS2)

To Track Net Worth: Kubera (All the Hacks Members Get First Year for $1)

To Go Deep: Projection Lab

Bill Perkins’s Book: Die With Zero: Getting All You Can from Your Money and Your Life

Dean Turner: Online Training + Coaching

Full Show Notes (not final)

(02:47) Chris & Brad's FI Journey

(04:18) Difference Between Financial Independence & FI/RE

(07:17) Why You Shouldn't Only Focus On The RE

(09:32) The Different Types of Financial Independence

(12:07) Lean & Fat FI/RE

(17:51) Coast FI/RE

(22:44) Tackling The 4% Rule

(28:42) Tools To Track Your Fi Journey

(41:19) Taxable Brokerage Accounts

(46:22) Learning The Skill of Spending

(51:24) Embodying the Die With Zero Mentality

(56:42) Health & Longevity: Hiring A Remote Personal Trainer

(1:02:51) Cold Plunges & Saunas

Connect with All the Hacks

All the Hacks: Newsletter | Website | Membership | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn

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By Chris Hutchins

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