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Financial Independence Podcast
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Financial Independence Podcast

Author: The Mad Fientist

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Join the Mad Fientist as he interviews personal-finance icons like Mr. Money Mustache and Vicki Robin to discover the strategies they used to achieve financial independence and retire early! Learn about investing, tax avoidance, entrepreneurship, travel hacking, real estate, and all things related to financial independence and early retirement!
55 Episodes
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Personal-finance icon Ramit Sethi from I Will Teach You to be Rich joins me for an episode of the Financial Independence Podcast! Ramit first published his New York Times best-selling book, I Will Teach You to be Rich, back in 2009 during the depths of the financial crisis. He just released the second version today so we discuss what’s changed in the last decade and also talk about FIRE (Financial Independence, Retire Early) – a concept that’s taken the financial world by storm in recent years. This is the first time Ramit has talked about FIRE so it was great getting his opinions on it, especially since he’s often thought of as being on the opposite end of the financial spectrum (my first podcast guest, Mr. Money Mustache, has even jokingly referred to him as his “arch-rival in personal finance”). Ramit didn’t hold back (does he ever?) so hope you enjoy this one as much as I did! Highlights What Ramit likes about FIRE (and what he doesn’t) When you should pay more instead of less How to cure yourself from extreme frugality Why you need to maximize for value instead of cost How to break out of the spreadsheet and start living life
On today’s episode of the Financial Independence Podcast, I’m very excited to introduce author Cal Newport! I’ve been a huge fan of Cal’s writing for many years so it was a treat to get to talk to him. We explore many important issues related to early retirement that aren’t often talked about so if you’re thinking about retiring early (or if you already have and are struggling to build the life that you envisioned before leaving work), today’s episode is a must-listen! Highlights: Why pursuing your passion is overrated How to love your job What is “Focused FIRE” and why it’s likely the best option How to get good at something valuable Why you should replace relaxation with difficult, meaningful activity The importance (and increasing rarity) of deep work Why skillful management of attention is the key to a good life How to perform a digital declutter The importance of high-quality leisure activities Why technology could be ruining your personal life and how to stop it
On today’s episode of the Financial Independence Podcast, my buddy Grant from Millennial Money joins me to talk about how he went from having $2.26 in the bank to $1.25 million in just 5 years, 3 months, and 6 days! We dive into the strategies and tactics he used but we also go deeper and discuss some of the unexpected challenges of FIRE. We also explore Grant’s new book, Financial Freedom, which is out today and features parts of my own story! Highlights: Why you don’t need to hit FI or save a million dollars to get the benefits of saving How to make the most of your full-time job Why you should strive for peace instead of money or happiness How to find pleasure in mundane moments
It’s easy to think that early retirement will be the answer to all your problems. After all, how could you not be happy when you don’t have to work anymore? I’ve written about why early retirement is not a magic bullet but what if it actually makes your life worse? On today’s episode of the Financial Independence Podcast, I interview a reader named Tony who found this to be the case. He’s since decided to go back to the same career he retired from and is enjoying work (and life) more than ever. During the interview, we dive into the overlooked benefits of work and the downsides of early retirement. We also explore serious issues that aren’t talked about enough, like depression and mental health. Huge thank you to Tony for sharing his deeply personal story with us. Highlights: The benefits of having a job that are hard to find elsewhere Why early retirement won’t magically fix all your problems The importance of building human contact into your early retirement plan The dark side of having a driving passion and purpose Signs that you need to seek help for your mental health problems What it’s like going back to work after early retirement The Office Space Effect and how FI can make you a better (and happier) employee
I made two big mistakes when I was pursuing financial independence… The first was I put off happiness until I hit FI. The second was I also put off my health. In today’s episode of the Financial Independence Podcast, I chat to my personal trainer, Doug from Monumental Strength. Doug has spent the past two years taking me from a puny computer programmer to a strong, healthy weightlifter! It’s been a fantastic journey, with numerous unexpected benefits, so don’t wait until FI like I did. Start focusing on your health now and drastically improve your journey to FI (and your life beyond)! Highlights: Why lifting weights is a perfect activity for improving your health How to build a good workout plan Why free weights are better than machines What to eat if you want to build muscle Why weightlifting is better than running for burning fat and losing weight How to progress to doing more difficult lifts The benefits of intermittent fasting
A challenging aspect of early retirement is the loss of identity you may experience when leaving a career you’ve spent a big chunk of your life building. However, one of the most exciting parts of early retirement is that you have the time, money, and freedom to create a completely new identity! How do you do it though? Today, I had the privilege to speak to the writer who has been most helpful to me as I’ve started building my own new identity – James Clear. In this episode, we discuss habits, deliberate practice, and how to best create a meaningful and purpose-driven life! Highlights: What makes life meaningful and how to live better The importance of social connections How to deal with the “pain of discipline” The physics of productivity and why habits are so powerful The importance of having an easy on-ramp to a task Why a habit must be established before it can be improved How to find a keystone habit that can improve multiple areas of your life Why you should optimize for the starting line rather than the finish line The downsides of habits What is deliberate practice and why it’s important How habits can change your identity Why rewards are good (but only if they don’t conflict with your new identity) What is intermittent fasting and why it’s beneficial
If you’ve been reading about financial independence for a while, you’ve likely seen that the topic is getting more popular lately. Although FIRE (Financial Independence / Retire Early) is far bigger than it was when I created this site in 2012, it’s still nowhere near mainstream. That may change though… A full-length documentary called Playing with FIRE is currently in the works and the film has the potential to reach millions of people that blogs or podcasts never would. This is a huge deal. I was asked to take part in the film and was lucky to get to know the talented people behind the documentary. On today’s episode of the Financial Independence Podcast, I’m excited to welcome the director and executive producer, Travis Shakespeare! Listen to hear how the documentary came about, discover what Travis has learned about FI after spending the last year creating this film, and find out when you’ll be able to see it!
Chad Carson from CoachCarson.com joins me again on the Financial Independence Podcast to talk about the various strategies you can use to retire early with real estate! Highlights: The best real-estate strategies to use to reach financial independence and retire early How real estate can be a good investment while also enhancing your lifestyle What is the Mad Fientist’s Peak Arbitrage™ strategy and is it a good idea Why you should buy utility but rent luxury Thoughts on internet-based real estate investing companies (e.g. PeerStreet, RealityShares, etc.) What you should look for when buying a long-term “Buy and Hold” rental
Second Year of Freedom

Second Year of Freedom

2018-08-0100:18:556

I can't believe it... It's already been two years since I left my full-time job! To celebrate this special anniversary, I decided to release a podcast episode containing my thoughts on my second year of freedom. Find out what a day in my life is like now, hear all the ways early retirement is different than I expected, and discover the most valuable lessons I've learned since leaving my job!
First Year of Freedom

First Year of Freedom

2018-07-3000:26:535

On August 1st, 2018, it will be exactly two years since I left my full-time job as a software developer. To celebrate, I've decided to release two podcast episodes that contain all the valuable lessons I learned during my first two years of freedom. Today's episode contains everything I learned during my first year and on Wednesday (August 1st), I will release everything I learned during my second year of freedom. It's been a wild ride so hope you enjoy the first of these two episodes!
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Comments (7)

Ki Wi

Really enjoyed it! Clever and simple ;)

May 12th
Reply

Travis A

a light house on a storm.

Nov 16th
Reply

Monica Amos

With all the valuable content that has been collected for this documentary, has there been any thoughts on perhaps making a mini-series later? That sounds like it is going to be amazing! I can't wait to see it!

Oct 11th
Reply

Samuel Ford

That silver dollar story is beautiful. Great episode.

Oct 6th
Reply

Mark Petre

Out

Sep 20th
Reply

Holly Dixon Clontz

codecas t

Sep 11th
Reply

Jenn Kamatsu

investing real estate

Jul 2nd
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