Your Worst Case Scenario | Joel from FI 180 (Replay)

The podcast has been around for more than 5 years. That means it's actually old enough to follow our entire journey to financial independence. Jesse Ray was listening to our episodes back in 2020 sitting in his cubicle. Less than 2 years later, he retired from the corporate world and we're pumped to bring you his story today. Jesse has cultivated a co-living brand (Growth House) and real estate portfolio. He takes homes, adds bedrooms, and rents out the rooms individually. We've seen this before, but Jesse took it a step further. He's specifically marketed his homes for entrepreneurs who want to better each other and share common interests. This means there's a true community and respect for his homes you typically don't see. After purchasing just two of these homes, he had enough cash flow to cover all his expenses! He acquired both homes in under 2 years, making it one of the fastest paths to financial independence we've ever seen. Tune in for the full breakdown and as always, thanks for listening! Links from The Episode Jesse on Instagram Growth House Site Growth House Podcast YouTube Interview https://youtu.be/gB4kVDRN-zw 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)

Who doesn't want to vacation more? Too bad it's so expensive... But what if it was cheaper than living your normal day-to-day life? Introducing Geohacking. Geohacking is when you rent out your primary residence while you travel to a cheaper cost-of-living part of the world. Justin and his fiancé Leslie just recently spent a week in Puerto Vallarta. The cost of their oceanside condo, roundtrip flights, and multiple excursions was less than what they earned from renting out their house in Austin, TX for 4 days. They actually got paid to go on vacation. In this episode, we unpack this idea of Geohacking and teach you exactly how to get started. If you enjoyed this episode, please share it with a friend! 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)

In today’s episode, Cody and Justin are joined by the insurance guru from Simply Insurance, Sa El. Sa El got started after a tragedy in the family and is now trying to make sure that never has to happen to anyone else. In this episode, we cover every type of personal insurance: Health Dental Life Renters Car and more We also jump into the problems with our health insurance system in the United States and things on the horizon to give us more transparency. For you money nerds like us, we also discuss parent’s life insurance and how becoming the Owner/Payer/Beneficiary of the policy might be a good financial move. If you enjoyed this episode, please share it with a friend! Links From the Episode Simply Insurance 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)

A financially independent life sounds pretty amazing, but do you want to spend it alone? Most people want time to spend with their loved ones, and none more than their life partner. Maybe you already have yours, or maybe you've never even considered how this would change your path. Either way, today's episode is for you. This episode was inspired by Justin's recent engagement! The guys discuss several areas around the topic of financial independence with a life partner including: Tax benefits mentality shift priorities changing lessons learned and more Most of the discussion is high level but we do get in the details a bit more on one subject, and that's the real estate pro designation. All in all, we think life is better with a partner and their addition is nothing but positive in terms of a path to financial independence. Thank you all for listening and may this episode help you on your path to a financially independent future. Links from the Show Real Estate Pro Designation 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)

Our favorite part of the financial independence community is just that, the community. And no one embodies the principle of community better than Matt and Joel. They are also the dynamic duo behind HowToMoney and the How to Money Podcast. We're such huge fans of these guys that we decided to dig into the archives and replay their episode for our listeners who may have missed this one. This fantastic conversation unwraps their backstory and tons of tangible tips on saving money without sacrifice. From groceries to real estate, to building a community for their young families, this episode is great for all audiences. Go give it a listen and let us know what you think! Links from The Episode  Their Website: HowToMoney.com Their Podcast: How To Money 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)

Scott Trench and the folks at BiggerPockets have made real estate investing much more approachable for a massive amount of people. They've truly built a holistic empire of real estate education. And while we've had Scott on the show before, it was a few years ago, and a lot can change in a few years. In today's episode, we focus on the state of real estate and the economy as a whole. What does Scott think is going to happen over the next 1, 5, or 10 years? Has his real estate investing philosophy changed since the last time we talked? Tune in for the full breakdown and as always, thanks for listening! Links from The Episode Scott's Bigger Pockets Profile Bigger Pockets Money Yardi Multifamily Report Investor Friendly Agents Investor Friendly Lenders YouTube Interview https://youtu.be/1YV1SQ5WslQ 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)

When it comes to networking, Mason Miranda is world-class. Within his first year of investing in real estate, he was able to purchase 62 units... with none of his own money. Tune in to hear the tactics and strategies he used to pull this off. And as always, if you enjoyed it, please share this episode with a friend! Links From the Episode Mason's Instagram Mason's Facebook YouTube Interview https://youtu.be/OPtqnFOkoWs?si=B22NwVX2Vjaw_Z0h 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)

Unfortunately, sometimes it takes a potentially life-altering event to step back and reevaluate your life. For our guest Joel, it was a potentially fatal car crash that his wife was involved in. Luckily she was okay! But it was certainly a wake-up call. After much reflection, they figured out what they truly valued and cut down their monthly expenses by a whopping 70%... Yes, 70%! These changes allowed them to reach financial independence just 4 years later. Our favorite quote was “My worst-case scenario, is everyone else’s everyday scenario”. If you enjoyed this episode, don't forget to share this podcast with a friend! 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)

What is that one thing you know would make you happy? The problem with that answer, is that often what we know turns out not to be true. We often think we need more (time, things, square footage, vacations, etc). In reality, what we need to be happy is already within reach, the real problem is our mindset or confusion of priorities. Cody and Justin reflect on travels to places where people have so much less material wealth but so much more happiness. They also cover the mental traps around chasing more they've fallen victim to. The warning to the audience is to ensure you don't delay happiness while on your journey to financial independence. Delaying gratification of a purchase may be necessary but you have enough today to be happy...so don't delay your happiness. We're all so incredibly adaptable in both a positive and negative way. Be confident and know that you can make it through life regardless of how abundant your possessions are, but also be careful not to adapt to luxuries so that they no longer become special or meaningful. 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)

When your goal is financial freedom, your tax strategies may look a bit different than the average Joe or Jane. In this episode with Keith from the Wealthy Accountant (originally aired in 2019), we dive into some of the best tax strategies for the FIRE community and how you can benefit. If you enjoyed this episode, don't forget to share this podcast with a friend! Links From the Episode Wealthy Accountant Website Wealthy Accountant Twitter 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)