450 | Catching up to FI | Becky Heptig & Bill Yount

ChooseFI

Brad Barrett | Choose FI Media

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

4.8 • 5K Ratings

🗓️ 14 August 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: changing your mindset, starting FI at 50, the pros and cons of starting late, and facing your faults.

We always say on this show that FI is for everyone, but our guests Becky Heptig and Bill Yount really embody this message. As hosts of the "Catching Up to FI" podcast, Becky and Bill are a fantastic resource for those who have found FI later in life and still would like to give it a go despite the delayed start! While FI looks different for everyone and can be influenced by when you start, we agree with Bill and Becky in saying becoming intentional with your finances is always a positive decision, no matter when you do it in life. Although your path may look different from those who started earlier, you would still be taking steps to better your life inside and around your finances. Perfection isn't the goal, improvement is what we strive for, and a positive step is still a step in the right direction!

Becky Heptig & Bill Yount:

Website: catchinguptofi.com
Podcast: Catching Up to FI
Facebook: Catching Up to FI Facebook Group

Timestamps:

1:10 - Introduction
4:29 - Changing Your Mindset and Facing Your Faults
14:32 - Taking Late Action
21:34 - Getting Stuck and Overcoming It
24:28 - Starting FI at 50
33:25 - Is It Ever Too Late To Start FI?
40:00 - The Pros and Cons of Starting Late
44:45 - The Growth of Those Catching Up to FI
48:22 - 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 Choosify.
0:01.8	Today on the show, we have Bill Young and Becky Heptink,
0:04.5	who are the hosts of the new podcast, Catching Up to Fy.
0:07.9	And this show has really struck a chord
0:10.7	with the Fy community.
0:12.0	And I think honestly, it's one of the most exciting additions
0:15.0	to the Fy community in a very, very long time.
0:17.7	And the need is obvious.
0:19.0	There are so many people who are getting a late start
0:22.4	as they think about it, whatever they define that as.
0:25.4	And they're wondering, can I do this?
0:27.6	Can I pursue financial independence
0:29.8	at X age, whatever that is, 35, 40, 50, 70,
0:34.2	whatever the number is?
0:35.4	They believe it's maybe too late
0:37.9	and that they're playing catch-up.
0:39.5	And I think this new podcast has really filled that void
0:43.5	to talk precisely to those people.
0:46.0	And I'm excited to chat with them
0:48.0	just about their lives and story,
0:49.7	but also about quite literally catching up to Fy.
0:52.9	And what is someone who thinks of themselves
	...

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