Frugal Your Way to Financial Independence with Taylor the FI Guy [Encore presentation]

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 18 January 2019

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Taylor and his wife are pursuing Financial Independence by saving 40 percent of their income every year.

As they got raises and increased their take-home pay, they kept expenses low so they could increase their savings to 70 percent.

Learn some of the frugal habits they continue to use and about picking individual stocks.

For more information, visit the show notes at http://moneytreepodcast.com/frugal-your-way-to-financial-independence-with-taylor-the-fi-guy

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Welcome to this week's episode of the Money Tree Investing Podcast.
0:13.0	We're super excited to get into 2019 and we have some great episodes for you that will help you learn to invest in your life. But before we do, we're taking a
0:23.8	little bit of a break. So we hope that you enjoy this great encore presentation. And on today's show,
0:31.8	we're going to talk about one person chasing financial independence journey. I'm so happy he's here
0:37.0	to join us today. Mr. F. F.I. Guy
0:40.4	joins us. Taylor, how are you, man? Good. It's good to be here. I'm so happy you are going to tell us
0:47.1	about your journey. So people, you know, a lot of people listening hear about this thing,
0:51.0	financial independence retire early movement, right? I know that you sometimes
0:55.4	go to some of the meetups that people have around the country. What was it that attracted you
1:00.6	to being financial independent at an early age? Yeah, I would say there were two events that really
1:06.3	kicked me off on the process. The first was marry my wife, actually, because my wife is a very
1:12.6	frugal person. She brought those frugal habits into our relationship. And before then, I mean,
1:18.0	I would save money. I was never in the hole every single month. But as she brought those habits
1:23.4	into our relationship, we saved more every month. I started liking having more money. I started
1:28.0	liking to put that money to work. And then I'd say the second one was right about that same time when
1:33.1	we'd gotten married. And this was approaching five years ago now. I read The Richest Man in Babylon.
1:39.7	And I think that sometimes you stumble upon something that it's the exact right moment for you to
1:45.0	read or hear that advice. And that was me with the richest man in Babylon. So at the same time,
1:50.9	I was reading thoughts from the richest man in Babylon. My wife is bringing these frugal habits to
1:56.2	our relationship. And so I don't think I had coined the fire financial independence. I hadn't coined any of those
	...

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