Episode 26 Bonus Fin Con Friday, Reaching FI, The College Game and Money and Kids – House of FI – Podcast – Podtail

Episode 26 Bonus Fin Con Friday, Reaching FI, The College Game and Money and Kids – House of FI – Podcast – Podtail

It’s so much easier to stay inside by the wood stove, to draw and paint and read books. But we need the fresh air and we need the challenge.

This week we are all about Second Generation FI. We are speaking with Cody Berman of Fly to FI. Cody is a 22­year-­old entrepreneur and life optimizer. He runs the personal finance blog Fly to FI, a podcast Fire Below Zero, and co­founded disc golf company Arsenal Discs.

They acquired a TV when he was about 12 years old and no longer had to visit his "Rich Uncle's House" to watch American TV shows. It was through these shows he had his first glimpse of what life was like in America. It lit a spark within him to come to America and pursue the American Dream. He describes his first win at the "life lottery" when he was able to finish high school in Belgium where he also played basketball.

Finally, we have a seven-step money foundations course, it's FREE, and its to lay a solid financial foundation. There is no one way to Financial Independence. However, if you want to speed up your timeline to Financial Independence and Early Retirement - one of the best ways to do that is to increase your income via a side-hustle or a small business.

Now Patrick has retired in his forties, he is Financially Independent and spends his time between one of his residences in Cabo San Lucas and San Diego. –While 90% of my reading comes from the Library, I do pay for an annual Book of the Month Club membership and maybe 4ish times a year will buy a book from the local bookstore (NOT amazon).

As a part time working mum (teacher) I’m very specific about when I do my housework. We eat the same meal plan Sun-Thurs every week and we have set times in the week when we do ‘admin’.

Then the recession hit and he lost it all and had to file bankruptcy. He describes what happened next as the real start of his financial journey.

• In today's show, we discuss the Second Tenet of FI which is Redefining Retirement.
• I recommend it for anyone looking to increase their understanding of business, how money works, and to be inspired.
• The people I truly care to keep in touch with I can text, e-mail, or actually talk to (sometimes face-to-face)!
• Business Secrets from the Bible proposes a new way to view and approach success—one based upon key concepts from the Bible that are actually surprisingly simple.
• Dan recently FIREd with his wife and his two little girls.

If you want to find out more or simply reach out, join her mailing list! You can find her at montanamoneyadventures.com If you enjoyed this episode (seriously! how could you not?) please let us know.

He learned the importance of frugality and saving his money and the hard-learned principle that "cash is king." Patrick reinvented himself and quickly rebuilt his career. Though this time he kept his business small and reinvested his money in index funds as well as built up his emergency fund. He has since purchased properties for all cash that cash-flow and bring in enough passive income to cover all of his living expenses.

Lists with This Book

They did all this while raising a family and even adopting four children. Jillian is also a writer, mentor and coach.

Patrick believes that in the United States the same is possible for anyone. His story is certainly a testament to this belief. If you would like to reach and learn more about Patrick, you can find him at Frugal Safari. Or on Twitter at @frugalsafari as well. Vicki and her partner Joe Dominguez wrote the book,Your Money or Your Life– a New York Times Best Seller that many people consider to be the bible of financial independence (the FI-ble?).

This book uses the Bible as the foundation of a discussion of what a Biblical centered approach to business and finances looks like. The book if filled with applicable insights that you can start to apply almost immediately, and everything he discusses is firmly rooted in a biblical principal. While I thought the content of the book was exceptionally useful the actual delivery of this content left a lot to be desired, in my opinion. The book is divided up into a separate chapter for each principle and while they do sometimes build upon one another, they can easily stand as their own independent essay. Because of this I felt like what should have been a collection of essays or talks, was forcibly combined into a book.

There are a few things you can do when you are feeling judged and rejected for your financial choices. You don't need to share your journey with everyone. Particularly those that will not understand or who are not ready to hear it. Surround yourself with like-minded people. Please call in and let us know about it.

What makes the growth of her business so special, is not just because it will allow her family to be Financially Independent in their lifetime - but it will change her family tree. The impact of building wealth on the lives of her children their legacy is far-reaching.

Rayna is one Financially Savvy Kid! She has absorbed all the money talks her parents have had with her and put them into a book to teach other children about savvy money habits. Her book is called What Are the Money Rules. Patrick reinvented himself and quickly rebuilt his career. We hope that you are encouraged today by Jeff's story.

For some, that means retiring in the traditional sense and not working at all; for others, it simply means choice or freedom to do what you want. This may mean working on passion projects or just working less. It also means rejecting the traditional retirement age of between 65 and 75.