Frugal Your Way to Financial Independence with Taylor the FI Guy

Money Tree Investing

Money Tree Investing Podcast

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

4.6 • 658 Ratings

🗓️ 1 June 2018

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Taylor is on the way to FI (financial independence). He also likes the idea of retiring early, which completes the acronym FIRE. So he and his wife are putting away more than 70 percent of their income.

Before his journey, Taylor liked saving money. Then met a woman who brought more frugal habits into their relationship - and more income.

He also read The Richest Man in Babylon, which furthered his desire to spend wisely and invest a ton of money for the future.

Listen to his story - and to the panel discussion following the interview to hear what they think about investing in individual stocks.

For more information, visit the show notes at http://moneytreepodcast.com/193

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.
0:10.7	Hey, welcome back to another episode. I'm Joe Saul See-high from Stacky Benjamin's.
0:15.5	We have a show here where we do two things. First, we interview somebody with a really interesting story to tell.
0:20.7	And then in the second half of the show, we have our roundtable team of financial professionals,
0:27.4	financial gurus, financial pundits. I'll get together and talk about the topic at hand.
0:32.8	Today, we're talking about one financial independent person's journey. And we're excited to do that here in just a second.
0:40.8	But first, if you ever wondered if there were a way to capitalize on all of that online chat or on social media, your weight's over because the buzz index is an index that uses the same artificial intelligence techniques used by some of the world's most sophisticated hedge funds, and you can make their edge your edge.
0:56.8	How do you find out more?
0:58.0	Head to Moneytreepodcast.com forward slash BUZZ for a link to the buzz index and more
1:04.0	information.
1:05.0	That's moneytreepodcast.com forward slash BUZZ.
1:09.6	And on today's show, we're going to talk about one person chasing financial
1:13.7	independence journey. I'm so happy he's here to join us today. Mr. F-I guy joins us. Taylor,
1:20.5	how are you, man? Good. It's good to be here. I'm so happy you are going to tell us about your
1:26.5	journey. So people, you know, a lot of people listening hear about this thing,
1:30.0	financial independence, retire early movement, right?
1:32.8	I know that you sometimes go to some of the meetups that people have around the country.
1:37.7	What was it that attracted you to being financial independent at an early age?
1:43.2	Yeah, I would say there were two events that really
1:46.2	kicked me off on the process. The first was marry my wife, actually, because my wife is a very
1:52.5	frugal person. She brought those frugal habits into our relationship. And before then, I mean,
	...

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