367 | FI Number Adjustments
ChooseFI
Brad Barrett | Choose FI Media
4.8 • 5K Ratings
🗓️ 7 March 2022
⏱️ 44 minutes
🧾️ Download transcript
Summary
In this week's episode, Brad and Jonathan unpack the problems that lie within modern retirement calculations and provide examples of how you can work around these flaws. As opposed to focusing on income, maybe it is better to learn how much our lives cost us. Expenses appear and disappear as life goes on, it is important to factor that in to your FI number!
Timestamps
- 1:01 - Introductions
- 2:00 - Listener Feedback, Permaculture, and Libraries
- 6:55 - Annual Expenses
- 14:08 - The Retirement Smile
- 16:53 - Addressing That FI Number
- 22:21 - The Pile of Cash
- 30:45 - Upcoming Events!
- 32:07 - Major Purchases For Those Entering The Workforce
- 41:40- Conclusion
Resources Mentioned In Today’s Conversation
- Subscribe to the FI Weekly!
- The Art of Frugal Hedonism
- Root of Good
- JL Collins
- Early Retirement Now
- Flexible Spending Rules For Early Retirees | ChooseFI Episode 176
- Camp FI
- Find Your Local ChooseFI Group Today!
- Join ChooseFI's Facebook Group!
- Risk Parity Radio
If You Want To Support ChooseFI:
- Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
- Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
- Track your personal finances with Personal Capital
- Compare, buy, and save big on insurance with Policygenius
- Keep learning or start a new sidehustle with one of our educational courses
- Slash your cellphone bill without sacrificing service with Mint Mobile
Transcript
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| 0:00.0 | On today's episode, calculating annual expenses and how to determine your fine number combined |
| 0:04.8 | with the most important financial lessons before graduating college. |
| 0:09.1 | Welcome to the ultimate Crown Source personal finance show this is ChooseFI. |
| 0:13.7 | You're listening to ChooseFI Radio. |
| 0:18.4 | The blueprint for financial independence lives here. |
| 0:29.1 | If you're looking to unlock the secrets to financial independence and early retirement, |
| 0:34.1 | you're in the right place. |
| 0:36.1 | Stay tuned and join a community of like-minded people who are getting all things to do |
| 0:40.9 | and taking control of their lives in the pursuit of financial independence. |
| 0:45.2 | ChooseFI. |
| 0:46.2 | You're home for financial independence on live. |
| 1:01.2 | All right guys, excited to dive into this week's episode and help me with this I have |
| 1:03.9 | my co-host Brad here with me today. |
| 1:05.4 | How you doing buddy? |
| 1:06.4 | Hey Jonathan, I am doing quite well. |
| 1:08.2 | Yeah, so it's good to be back here recording with you. |
| 1:11.0 | I have to say we've had a good stretch run here the last couple weeks. |
| 1:14.7 | I feel like they've been some of our maybe our best episodes ever. |
| 1:19.1 | It's kind of hard to say that out of 500 plus episodes, but obviously you know I write |
| 1:23.5 | my five weekly email every week and I get a lot of feedback and I've never had so many |
| 1:28.1 | people say that one particular episode was their favorite episode of all time. |
| 1:33.0 | Wow. |
... |
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