Slowly Sipping Coffee | FI vs Risk Tolerance

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Business, Investing, Careers

4.8 • 5.2K Ratings

🗓️ 12 June 2017

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Before Jay's wife showed him her spreadsheet, he'd spent six years ignoring her budget attempts. Then one glance changed everything: they were already on track to retire at 45 without cutting a single expense. Jay from Slowly Sipping Coffee joins to explain how his wife's quiet financial planning—tracking every dollar years before either of them discovered the FI community—built the foundation for early retirement without them even realizing it. Key Topics Discussed 1. Introduction to Slowly Sipping Coffee [00:00:00] Introduction to Jay and his blog, Slowly Sipping Coffee. 2. Jay's Origin Story [00:01:44] Jay's wife found FI blogs, particularly Mr. Money Mustache, and their initial reactions. 3. Understanding Financial Independence [00:08:16] Jay realizes his wife's spreadsheet showed they could retire by 45 without drastic cuts to lifestyle. 4. The Importance of Budgeting [00:14:25] Jay's insights on budgeting and tracking expenses using spreadsheets. 5. Lifestyle Creep and Spending Habits [00:18:15] Managing and minimizing lifestyle creep through conscious spending. 6. The Fully Funded Lifestyle Change Concept [00:20:44] The idea of a lifestyle change focusing on freedom from work rather than just retirement. 7. FI Conversations with Family and Friends [00:27:44] Jay talks about discussing their FI journey with family and friends and the reactions they received. 8. Jay's Hot Seat Questions [00:40:47] A series of rapid-fire questions revealing Jay's favorite blogs, articles, life hacks, mistakes, and advice to his younger self. Key Quotes "Her spreadsheets had us ready to retire at 45 before we even knew about FI!" — Jay [00:08:16] "Understanding your true living expenses is key to financial freedom." — Jay [00:21:37] Related Resources Mr. Money Mustache Blog [00:04:00] Paula Pant Article [00:31:10] C-Fire Some Calculator [00:34:01]

Transcript

Click on a timestamp to play from that location

0:00.0	Alright guys you asked and we answered we went out and asked slowly sipping coffee if they've joined us on the show today
0:05.5	This is probably one of the best blogs that you haven't heard of and we're super excited that Jay is joining us in the studio today to unpack the story of
0:13.5	Slowly sipping coffee welcome to the show guys
0:18.9	You're listening to choose FI radio
0:23.1	The blueprint for financial independence lives here
0:30.0	If you're looking to unlock the secrets to financial independence and early retirement you're in the right place
0:40.5	Stay tuned and join a community of like-minded people who are getting all fans to be here and taking control of their lives in the pursuit of financial independence
0:49.5	Choose FI, your home for financial independence on live
1:01.0	Alright Brad, we're back in the studio today how you doing buddy? I'm doing really well. Yeah, this should be a really good episode
1:12.0	We had a ton of people mention that they wanted us to interview Jay from slowly sipping coffee and yeah, we got him on
1:17.5	This should be a good one. I've read through a bunch of his blog and it's just really interesting writing
1:21.5	So it should be a good conversation for sure
1:24.0	You know one of the things is you don't know about someone until you do and I had never heard of slowly sipping coffee
1:29.5	And then we had three of our guests who are prolific writers saying we love these guys and I went and checked it out
1:35.3	And it doesn't surprise me why fantastic writing style fantastic story and definitely someone that their message resonates with me
1:41.1	So I'm excited that we can do this today as well. How you doing Jay? I'm doing great. Thanks
1:45.3	We're excited to get a chance to go through the slowly sipping coffee story. Oh, you know your personal finance blog not a
1:50.7	Boree's double blog. Where does that name come from? Oh, well, it's pretty funny. Thanks first of all
1:54.9	Thanks for having me on but yeah, we actually came up with the name of our blog while we were sitting around at a start bucks
2:00.5	We were sitting there thinking about a blog and well if we want to track our early retirement journey or pre retirement as we were calling it back then
2:08.9	What should we do when we realized?
2:10.9	Well, it was our Friday off because we have every other Friday off or at least I still do we were sitting there having like our morning kind of coffee dates
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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