407 | Kristi | 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

🗓️ 11 November 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: growth during the job hunt, exploring entrepreneurship, tips for career growth, and second generation FI.

It's only natural that on the journey to FI you will want to pivot. Whether it is your financial outlook or even your career outlook, it's only natural to have reservations about making a change that could benefit you in the long run. On this week’s episode of The Households of FI, we are joined by Kristi to fill us in on how her FI journey is going, as well as discuss the topic of “leveling-up”. Changing jobs or moving on to the next career chapter while on the journey to FI can seem farfetched, because often times we want to stick to what is familiar and what is more in line with our plan. However, there is no shame in expanding your network and your options in terms of finding better employment that is more aligned with your values! Don't be afraid to be “un-stuck” and see what career options you have, and make sure you are surrounded by those who are aligned with the same principles as you are!

Timestamps:

2:03 - Introduction
3:41 - An Update From Kristy
5:53 - Growth During The Job Hunt
13:03 - Tips For Career Growth
19:45 - Exploring Entrepreneurship
23:39 - The Finances Of Engagement
27:07 - Being On The Same Page Financially As Your Partner
31:48 - Where Is Your Salary Raise Going?
38:59 - Laying The Seeds For Second Generation FI
51:52 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

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Transcript

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0:00.0	Hello and welcome to Choose a Phi today on the show.
0:02.9	We have another households a Phi update.
0:05.0	So we have Christie back on the show.
0:07.8	And Christie is a single mom from Minnesota
0:11.6	with a daughter in middle school.
0:13.7	Last week spoke with her, she had just graduated with an MBA
0:16.4	and she works in marketing.
0:18.1	She had found Phi and it seemed to me
0:20.4	like she was just absolutely rocking it.
0:22.6	She had a plan to get to Phi in 10 years of 50% savings rate
0:27.6	and then she had the next level questions, right?
0:30.9	To think about, okay, second generation Phi,
0:34.1	how do I set my daughter up for all of the ground game,
0:38.2	as we say, right?
0:39.2	How can we teach our kids to be ready to succeed wildly
0:44.2	with their finances?
0:45.2	And how do you think about college?
0:46.8	She thought about I was drifting through life
0:49.6	without intentionality, but now I can have the time
0:53.2	to really dial in on these things.
0:54.9	So this was all going on in the background
0:57.3	and this is a very typical Phi story.
	...

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