Ten years ago, Jonathan walked away from his corporate accounting job with no clear path forward. Today, he's reflecting on the decade that followed—one shaped entirely by pursuing financial independence and the options it created. Brad and Jonathan kick off 2025 with a new "Wouldn't It Be Cool If" (WIBSF) series, starting with the most fundamental question: what could your life look like if financial independence were actually on the table? They revisit the core mechanics of FI—how to calculate your number, why small expense cuts have outsized impact, and why taking ownership of your finances is non-negotiable. Key Topics Personal Journeys in Financial Independence (00:01:00) Jonathan marks 10 years since leaving his CPA role, reflecting on how pursuing FI and entrepreneurship transformed his life over the past decade. Importance of Options in Financial Independence (00:04:00) Having more options in life comes from active engagement in financial choices—not from passively drifting through expenses. Understanding and Calculating Your Financial Independence Number (00:20:28) Determine your FI number by multiplying annual expenses by 25. Adjusting expenses downward directly lowers the savings target needed. Community Engagement and Crowdsourcing Ideas (00:40:14) Building a community around FI to support and guide each other, with an invitation to participate in creating resources together. Practical Takeaways Calculate Your FI Number (00:32:24) Assess your annual expenses and multiply by 25 for a preliminary estimate of your FI number. Cutting Expenses (00:17:17) For every $100 you cut from monthly expenses, you reduce your FI number by $30,000. Open Yourself to New Possibilities (00:04:34) Entertain the thought of what life would look like if financial independence were on the table. Key Insights "Never regret having more life options." (00:05:10) "Believe in the possibility: FI is the reliable path for the middle class." (00:06:57) "Cutting $100 monthly reduces your FI number by $30,000." (00:17:17) "Small actions lead to big financial outcomes." (00:17:55) "Active engagement is key to achieving financial independence." (00:16:56) Chapters 00:00:00 - Introduction and New Series Launch 00:01:00 - Reflecting on Financial Independence Journeys 00:04:00 - Importance of Options in Financial Independence 00:20:28 - Calculating Your FI Number 00:40:14 - Community Engagement and Crowdsourcing Ideas Resources The Total Money Makeover by Dave Ramsey Link to Resource Related ChooseFI Episode 001: Welcome to ChooseFI! (00:35:00) Terminology FI (00:06:00) Financial Independence—achieving a state where you no longer have to work to pay for basic living expenses. FI number (00:32:24) The amount of money required to be considered financially independent, calculated as 25 times your annual expenses. ▶ Listen Next: Ep. 534 — Inherited Accounts, Barista FI, and Saving When Starting a Business | Essential Listening