Ep 145: Ring The Alarm! We’re Talking FIRE

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 23 January 2019

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Only you can prevent running out of money in retirement. OK, we’ll cool it with the fire and Smokey The Bear puns. This savings crisis is one we’ve covered before, but this week we’re discussing what thousands of people are calling the solution: The FIRE (Financial Independence Retire Early) Movement. Our two experts, Jonathan Mendonsa and Brad Barrett, co-hosts of the ChooseFi podcast, explain what it is, its “simple math” and why it’s so popular: “You know, I think all of us kind of understand the golden years are the years that you're allowed to do everything that you've really wanted,” says Jonathan. “Now society has given you the permission to go do that...I don't just want my golden years right—I want my best years.” Then, in Mailbag, we answer your questions on how college students can start investing and building credit when they have none. Plus, there’s another gap—not in our favor—we can add to the list: the stress gap. Sigh, and talk solutions with us in Thrive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:04.0	Her money is supported by Fidelity Investments.
0:07.0	We want you to demand more from your money,
0:16.0	so start by knowing what you own and owe and we'll help you take the next step at fidelity.com
0:22.0	slash demand more now. the next step at Fidelity.com
0:23.0	demand more now.
0:24.4	Her money comes to you through PRX. Hey everybody it's Gene Chatsky. Welcome to her money. I am very excited
0:41.3	about this show. I don't know if you remember but a few months back I had
0:45.1	the opportunity at the FinCon Conference which is where financial nerds proudly gather each
0:51.4	year to moderate a panel on the fire movement.
0:56.2	Fire stands for financial independence, retire early, and it has grown to be a movement in large part because of a
1:08.7	podcast called Choose FI or if you're spelling it it's Choose F.I. or if you're spelling it, it's Choose FI.
1:14.0	And Choose FI is hosted by two great guys, Jonathan Mendoza and Brad Barrett,
1:21.0	and in a little over a year they've got 3 million downloads, 170 countries,
1:27.2	and 100 choose-by Facebook groups across the country, they're making me feel like a slacker. Jonathan and Brad
1:36.4	welcome.
1:37.4	Jean, thanks so much for having us on the show. This is a real pleasure.
1:40.3	Oh well thank you both for being here. Now when I have two guests, I just like the audience to be able to
1:46.8	understand who they're listening to. So that was Jonathan. Brad say hello.
1:50.1	Yeah, hey Gene, thank you so much for having us on.
1:53.0	We really appreciate it.
1:54.1	It is, it's a pleasure.
	...

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