meta_pixel
Tapesearch Logo
Log in
ChooseFI

From Poverty to Semi-Retired | Kristen Knapp | Ep 554

ChooseFI

Brad Barrett | Choose FI Media

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

4.85K Ratings

🗓️ 7 July 2025

⏱️ 61 minutes

🧾️ Download transcript

Summary

Kristen Knapp shares her journey from a childhood marked by poverty to achieving financial independence and transitioning to part-time work as a television meteorologist. She introduces her new venture, FI Friends Travel, a travel initiative that connects financial independence enthusiasts through meaningful, shared travel experiences. Kristen emphasizes the power of community in the FI space, and her insights offer actionable advice on fostering connections, exploring travel rewards, and maintaining financial literacy.

Timestamped Highlights:

  •  Building Community through FI

    • Kristen discusses the magic of gathering like-minded individuals and the importance of community within the FI space.
  •  The Journey to Financial Independence

    • Kristen shares her background growing up in poverty and her determination to break the cycle through education and financial literacy.
  •  Launch of FI Friends Travel

    • Introduction to FI Friends Travel, its purpose, and how it connects FI community members through travel.
  •  Travel Tips from FI Friends Travel

    • Kristen offers practical travel tips learned from her experiences, emphasizing the importance of cash, logistics, and planning.

Key Takeaways:

  • Community Is Vital:

    • Kristen highlights the importance of establishing and maintaining local FI groups. Consistency in scheduling events encourages participation and connection. (Actionable Takeaway: Commit to a regular meeting schedule for your local FI group.) 
  • Flexibility and Financial Independence:

    • Achieving financial independence allows for flexibility in work and life choices. Kristen shares her transition to part-time work and the confidence it brings her. (Actionable Takeaway: Embrace opportunities to leverage your FI status for a more fulfilling life.) 
  • Travel Rewards and Experiences:

    • Traveling enhances personal growth and connections within the FI community. Kristen encourages listeners to seek and share meaningful travel experiences. (Actionable Takeaway: Engage with the FI community and explore travel opportunities with like-minded individuals.) 
  • Educate and Inspire:

    • Kristen emphasizes the importance of educating younger generations on financial literacy and personal finance to foster better financial habits. (Actionable Takeaway: Share insights on saving and investing with your peers and younger coworkers.) 

Key Quotes:

  • “There's magic when you get five people together—everyone becomes friends instantly.” 
  • “For the first time in my adult life, I feel like I’m finally flexing my FI muscles.” 
  • “Breaking new ground shows that possibilities are endless!” 

Discussion Questions:

  • How can understanding our financial journeys impact our future decisions? 
  • What strategies can encourage participation in local FI communities? 
  • In what ways do travel experiences enhance personal growth and connections? 

Action Items:

  • Sign up for local FI events and commit to attending regularly. (Timestamp: 00:07:32)
  • Consider joining or leading a travel group to explore new places with like-minded individuals. (Timestamp: 00:42:04)
  • Share financial independence concepts with younger coworkers to promote financial literacy. (Timestamp: 00:25:29)

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Choose a Phi. Today in the show, we have a really fun episode. We have

0:04.4

Kristen Knapp, who is the admin of our St. Louis local group and just started a really cool

0:10.9

new thing called Five Friends Travel. And this is an opportunity for those of us who love travel,

0:17.3

which I think is really a pretty common theme in the Phi community, to get together

0:21.7

and go on amazing trips internationally all around the world and spend that time with five

0:28.0

friends. And I think it's something that upon hearing about it, it was so glaringly obvious that

0:32.0

this is something that should have existed, but it never did. Nobody ever had the idea until Kristen

0:37.2

came along and made it happen.

0:38.9

And I think that's the entire encapsulation of her story is she made it happen. She went from

0:45.6

growing up in poverty to getting to a zero dollars net worth at 35 to going part time right around

0:53.6

age 50 and has gone to countless number of

0:56.6

FI events over the last seven years since she's joined the FI community.

0:59.8

And she's someone who just takes action and makes it happen.

1:04.3

I think her story is incredibly inspiring.

1:06.6

I think you're going to love this one.

1:08.1

And with that, welcome to choose that FI.

1:17.8

Thank you. I think you're going to love this one. And with that, welcome to choose that by. Kristen, it is so great to have you here.

1:20.1

It's wonderful to see you.

1:21.2

I am thrilled to be here, Brad.

1:23.4

Thank you so much for inviting me on the show.

1:25.4

Yeah, you bet.

1:26.6

So we have gotten to know each other a little bit at a bunch of economies now.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brad Barrett | Choose FI Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brad Barrett | Choose FI Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.