424 | The Power of FI | Deanna

ChooseFI

Brad Barrett | Choose FI Media

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

4.8 • 5K Ratings

🗓️ 13 February 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: budgeting, the power of FI, different funds, living in the present, and the power to make your choices.

No matter your background or the hardships you’ve endured, you should never rule yourself out for success! Ruminating over your past mistakes can make you feel undeserving of the life you want, but those same mistakes can actually serve as motivation to propel you further on your journey! This week we are joined by returning guest Deanna to discuss how her FI journey has progressed in the last 4 years, the freedom and power she gained from budgeting, and an update on her journey of overcoming adversity. Just because you feel you’ve hit a rock bottom doesn’t mean this journey isn’t for you. A large part of FI is making mistakes, learning, and changing. An even larger part of this journey is learning to forgive yourself and others and continue on! For those who do not think they are capable of achieving FI because of their past, let Deanna and this episode serve as an example of what this journey can look like when you act with forgiveness and intentionality!

Timestamps:

1:35 - Introduction
2:16 - Deanna's Backstory
6:26 - Dave Ramsey and Budgeting
14:16 - The Emergency Fund
17:30 - Different Funds For Different Things
23:35 - The Power of FI
27:12 - It's Not All Unicorns And Rainbows
30:28 - Broken Vessels Made Whole
34:42 - Chronic Stress and Living In The Present
43:36 - Deanna Today
48:10 - The Freedom To Make Your Own Decisions
51:54 - 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
Keep learning or start a new side hustle with one of our educational courses
Commission-Free Investing with M1 Finance

Transcript

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0:00.0	Hello and welcome to Choose a Fi.
0:02.1	I'm your host, Brad Barrett.
0:03.5	And today on the show, we have a really special guest,
0:06.3	a returning guest.
0:07.2	So this is Diana, who you may remember
0:09.8	if you're a long time listener from episode 106,
0:12.9	which was titled From Addiction to Fi.
0:16.1	And Diana's story is truly remarkable.
0:19.2	It is the episode that I send people to
0:22.0	if you're getting a late start on Fi,
0:24.9	or no matter what your background is,
0:27.2	no matter what you've been through,
0:28.7	you can still make positive change to make your life better
0:32.2	and make it extraordinarily better.
0:34.4	And I think that is the perfect way to look at the power of Fi.
0:39.5	And I think Diana's story exemplifies that
0:42.0	in the best way possible.
0:43.2	So I'm really excited to welcome her back.
0:45.6	Welcome to Choose a Fi.
0:47.4	You're listening to Choose a Fi Radio.
0:50.0	The blueprint for financial independence lives here.
1:02.8	If you're looking to unblocked as secrets
	...

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