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Recently, I subscribed to a podcast called Choose FI (Financial Independence). After listening to the hosts of the show on another podcast called Journey to Launch, I was inspired! Have you ever heard of the saying, “you can’t eat just one potato chip?” I couldn’t stop at just one episode. I binge listened and I was really intrigued by the knowledge they were kicking! Brad and Jonathan’s, the hosts of the podcast, approach to reaching financial independence opened my mind to the idea that this life is attainable. They do not have a “one size financial plan fits all” solution which was really refreshing in comparison to some other financial experts. In fact, the goal is to provide you with valuable information and to build a community to help you get to the finish line regardless of your circumstances.
The hosts have interviewed guests with diverse perspectives on how to proceed with this journey. Episode 21 regarding the 10 pillars of financial independence really caught my attention. Click here to read the entire article. After listening to this episode, I immediately lowered my cell phone bill, got advice about how to lower my grocery bill, and increased my deferred compensation contribution again. I also added more money towards my car payment.
After listening to several episodes, I joined the Choose FI Facebook group. Because the community has over 6,000 members, Brad and Jonathan decided to establish subgroups in each city in addition to the main group. Currently, I am an admin for the Baltimore Choose FI group. The community is full of financially independent people who offer great advice on several financial topics. I asked about student loans, using credit cards as tools for travel rewards and selling items on eBay. Several community members provided valuable information. Being part of this community makes you appreciate your journey. Community members have reached out to me personally to share valuable life tips on how to reduce my spending in certain areas. I had to sit down and tweak my budget yet again. It is a process.
Although my student loan payments are equivalent to a small house payment, I’m excited to begin this journey because others have shared their stories about how they were able to become debt free. I’ve always thought that having debt is part of life until the day you die. My new perspective is it doesn’t have to be.
Another philosophy of the FI community is taking your time back. Wouldn’t it be wonderful to be debt free by making a few smart choices that will allow you to retire earlier? I don’t know about you, but my time is valuable.
The holidays are quickly approaching. One community member shared her gift-giving philosophy. She buys her children something they want, something they need, and something to read. I have also learned that I don’t need more space to live in, I just need less stuff. I immediately started finding things around the house to sell or donate.
Readers, do have any tips or “life hacks” to share with our community to help them save money? Have you “tuned up” your budget lately?
You made me want to listen to this podcast and join the community, and I definitely will check them out..
Financial freedom is something that I have always been fighting for..I am lucky enough that currently I have no debt, but I do have fear to buy a house because it means I will lose my freedom and it’s a Long time commitment..
I know I shouldn’t be afraid of it, but I am just not ready to that kind of commitment..probably this podcast will help me the way it helps you, thank you for writing this..I always enjoy reading your blog 🙂
Who doesn’t want Financial Independence. 🙂 Your article is quite helpful. I will keep those in mind. 🙂
More power to your blog.
Indeed! Thank you for reading it!
I should definitely watch that podcast! I need a lot of tips to save money haha especially because I love to travel! And I should tune up my budget haha it needs work!
Their travel tips are fantastic! Gotta listen in! Thank you for reading it!
Can’t wait to checkout this podcast. Thank you for sharing
Thank you for reading it!
This is quite insightful, I would love to join them. What’s their Facebook group username? Thanks for sharing!
Congratulations on achieving your financial independence. You are very inspiring.
Not quite there yet but working on it! Thank you for reading it!
Thank you for sharing. I am sick of being in debt and the majority of my paycheck going to bills!!! Thank you sharing this.
Let’s get out of debt together! Thank you for reading this!
So important to get a handle on finances. Glad you’re feeling confident!
I’ve been into Podcasts a lot lately, I’ll definitely be checking this one out. I’m working towards financial independence myself. I’m really wanting a house by the time that I turn 30, so it’s go time for me.
Good luck! I love the free financial information! You can do it!
I’ll have to listen to this podcast. I’m a student about to start college and I’m juggling bills I’m definitely interested.
Definitely listen! Did you have to take out student loans?
definitely learned some fantastic tips from this!
Thank you for reading this!