Podcast Takeover: The FI Show - Employee vs. Entrepreneur
Financial Independence Podcast
The Mad Fientist
4.8 • 1.7K Ratings
🗓️ 1 October 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
Cody Berman and Justin Taylor, hosts of the FI Show, have both achieved financial independence but they've taken drastically different paths to get there.
Listen to this Podcast Takeover episode to hear the similarities and differences between an employee's path to FI (Justin's) and an entrepreneur's journey to FIRE (Cody's)!
Highlights
- Live-in flip vs. house hacking
- Sweet spot for buying used cars
- Why focusing on fixed expenses is important
- How to 5x your corporate income
- The unlimited upside of entrepreneurship
- How to get started investing if you're scared/nervous
- Nest-egging vs. cash-flowing your way to financial independence
- The benefits of a Solo-401(k) for entrepreneurs
- Why the corporate world is great for certain types of people
- Benefits and downsides of entrepreneurship
- Why it's important to not keep up with the FI Joneses either
Show Links
- The FI Show - https://thefishow.com
- The FI Show's Mega Backdoor Roth Episode - https://thefishow.com/mega-backdoor-roth-solo-401k-explained/
- The Mad Fientist's Mega Backdoor Roth Article - https://www.madfientist.com/after-tax-contributions/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, what's up everybody, welcome to the Financial Independence Podcast, the podcast that |
| 0:09.4 | gets inside the brains of some of the best and brightest in personal finance to find |
| 0:12.4 | out how they achieve financial independence. |
| 0:14.7 | Today I have another podcast takeover episode for you and this time it is from The Fy Show. |
| 0:19.6 | And if you're not familiar with The Fy Show, it is a weekly financial independence podcast |
| 0:23.2 | which blows my mind considering that I can barely get an episode out once every like |
| 0:27.8 | three or four months but they are putting out a weekly show and as you'll be able to |
| 0:32.4 | hear from this podcast takeover it is really well produced and edited very nicely and |
| 0:38.6 | the file that Cody sent me was just perfectly edited already so all I had to do is just |
| 0:42.9 | drop it in which is much appreciated and yeah it sounds great and they've removed all the |
| 0:48.1 | fluff so it's just a very impactful episode and I think you're going to like it a lot because |
| 0:53.0 | it's contrasting two different types of paths the Fy so the normal you know career working |
| 0:58.9 | corporate life path the Fy that I took and comparing and contrasting that to an entrepreneurial |
| 1:04.4 | path and so it's a great discussion that offers great advice for people on either path to financial |
| 1:09.5 | independence either the corporate world or the entrepreneurial world and I hope you enjoy it so |
| 1:14.8 | thanks again to Cody and Justin for putting this together specifically for the |
| 1:18.9 | madfientist audience I must add so without further delay this is the Fy show with Cody Berman |
| 1:24.6 | and Justin Taylor take it away guys hello madfientist listeners I am Cody Berman and I'm Justin Taylor |
| 1:33.8 | and we are the host of the Fy show and Brandon invited us on this episode to talk about two |
| 1:39.6 | different paths to Fy Justin and I have been friends for years we both hit |
| 1:43.6 | financial independence at pretty young ages but we've taken completely different paths |
| 1:48.0 | and in this episode we're going to kind of break that down from the expenses and saving side |
... |
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