400 | Zach & Marilyn | Households of FI Update

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 14 October 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: house hacking, benefits and compensation packages, earning extra income and side hustles, and not setting perfection as your goal.

We know achieving FI doesn't happen overnight, and rarely does it happen perfectly according to plan. Life happens, changes happen, and uncertainty usually finds a way to throw you off your planned path. This shouldn’t be something to fear! Today in the Households of FI series we are joined again by Zach to fill us in on how his FI journey has progressed over the last couple years, as well as to discuss the importance of re-adjustment! While failure is never an easy thing to accept, the fear of failing may deprive you of some excellent learning opportunities. By remaining intentional with your FI plan rather than striving for perfection, you will allow yourself to overcome uncomfortable lulls and expand your journey to places you might not have thought were possible!

Timestamps:

1:51 - Introductions
4:45 - Zach and Marilyn Update
7:16 - House Hacking and Limiting Expenses
13:30 - Life is Lumpy, Perfection Isn't The Goal
21:39 - Examining The Whole Compensation Package
31:40 - Earning Extra Income
40:15 - Zach's 6 Year Path To FI
46:21 - If You Weren't Afraid, What Would You Do?
53:15 - Being Open to Exploring
56:53 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

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
Keep learning or start a new side hustle with one of our educational courses
Slash your cell phone bill without sacrificing service with Mint Mobile

Transcript

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0:00.0	Hello and welcome to Choose a Fire.
0:01.9	Today on the show, we have another episode of How Solds a Fire.
0:05.7	So we've had previously Zach and Marilyn on the show.
0:09.7	And the amount of action that they took in the first year of
0:14.7	finding fire was remarkable.
0:16.8	And we'd spoke with them in episode 247.
0:19.8	Paula Pant was nice enough to chat with them about real estate
0:23.4	and real estate rentals, et cetera.
0:26.0	And that was wonderful.
0:27.0	They've taken massive action on that.
0:28.6	And then Jonathan and I spoke with them in episode 321.
0:32.0	And talked mindset, talked savings rate,
0:34.7	different savings vehicles, and getting ahead on a moderate
0:40.0	to low income.
0:41.0	So their story has a little bit of everything.
0:42.7	And I'm just fascinated to see and hear the update, see
0:46.2	what's been going on in their lives for the last year and a half.
0:48.5	And hopefully we can kind of talk through their situation,
0:51.6	see what wins they've had, see what issues they've had,
0:54.6	and just see how we as a community can come together
0:58.2	and help and be part of this.
1:00.0	That's what the household's of fire is all about.
	...

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