In this episode we talk with Bjorn Larson, a money coach from the Life. Money. You. Program (information below). Bjorn and I have known each other since middle school, and we spent some time talking about how he used his degree that he thought would force him into financial planning in the traditional sense and instead found the perfect path for him to utilize his skills, compassion, and coaching mindset. Bjorn recognized he didn't want to work the hours that he saw his bosses work, and instead pivoted into a different career choice that has served him and a community very well. ChooseFI Episode W/Devon: https://www.choosefi.com/visualizing-your-domino-effect-devon-ep-504/ Podcast: https://www.lifemoneyyou.com/Better-Money-Moves/Podcast Contact form for Life. Money. You. https://www.lifemoneyyou.com/Contact-LMY
In this episode Mitch breaks down the wholesale portfolio change he recently made. This episode breaks down the why, how, and what changes were made moving from a single index fund portfolio to a more diversified portfolio of multiple asset classes all nested inside of cost efficient index fund ETFs. In the episode I promised multiple show note links, and here they are: Paul Merriman: https://www.paulmerriman.com/portfolios-2023-updates#gsc.tab=0 Paul's Chart Referenced in my Episode: https://irp.cdn-website.com/6b78c197/files/uploaded/(A1a)-UBH%20Tables%20(50-50)%20-%202023%20Returns.pdf Paul's Ultimate Buy and Hold Podcast (And several subsequent episodes are VERY relevant): https://podcasters.spotify.com/pod/show/sound-investing/episodes/The-Ultimate-Buy-and-Hold-Portfolio-2024-Update-e2gcb56 Paula Pant - Afford Anything Episodes: https://affordanything.com/547-ask-paula-we-have-2-million-at-40-now-what/ https://affordanything.com/545-retire-at-30-the-math-behind-making-work-optional/
I met Dr. Uekert in a pretty unique way, you'll have to hit play to get the full story. Dr. Brenda has her hands in a few different things from travel, speaking, being an author and more. She shares her journey, her "Dream, Plan, Save, and Do" thought process, and much more! Her geo-arbitrage story is incredibly unique to anything I've ever heard, and she's even shifted to align her investing with her direct values in recent months. If you want to know more, check out what she's up to here: https://linktr.ee/drbrendau
I've been waiting to share our actual financial independence story in greater detail since before I even recorded the first episode. Here we are! I'm breaking down from a high level view what our sixteen year journey looks like from a financial flunk to financially independent and almost everything in-between. No matter where you are at on your journey, I hope you can see your self somewhere in this story, or get started on creating yours.
This week you get to meet MISSES myFIcapsule, as my wife and I spend an hour laying out our experience planning our trip, what went right, what went wrong, what surprised us, what blew us away and how this trip changed us. If you want a follow up episode in more detail about the trip, please leave a comment, or send me an email at myficapsule@gmail.com. If you are interested in helping support the show, Monarch is not a sponsor of the show but as a user that pays his dues, this referral link would help offset my expense for this incredible app. https://www.monarchmoney.com/referral/54m0my0x9w
Every 5th episode I give some current events on what's happening in my life, and this week its all about this gap in between the end of our travel, and up to the point of me getting back to work after a 90 day sabbatical! Additionally after listening back to the trailing 4 episodes I drop some thoughts that I thought needed clarification, elaboration, additional thoughts or quotes that came to mind while reviewing the trailing four episodes.
Today we are reviewing a short term rental property that Mallorie and her husband bought in 2021 during peak travel times to a very desirable tourist destination. We review and break down why it was purchased, what they love about it, how the expenses are going, and what its future potential could be. In addition, we cover some real estate basics and return on investment expectations from a high level for Short Term, Mid Term, and more traditional long term rental properties. Interested in keeping better track of your finances? If you sign up for Monarch Money through this link, you get an EXTENDED free trial, and if you stay on, I get a little help offsetting the cost of my own membership. If you want to support me and its a great fit for you, thanks! https://www.monarchmoney.com/referral/54m0my0x9w
In this episode I expand on the middle part of the FI Journey, or even in some cases the early part of the Journey. This is often referred to in the FI community as: -The Boring Middle -The Slog -The Grind -The Muddled Middle The goal of this episode is to reframe that thinking, and express gratitude for where we are at today, while aspiring towards what is next. If you want to support the show, you can help me out by signing up for an extended free trial for Monarch Money with this link below! https://www.monarchmoney.com/referral/54m0my0x9w
Way back before I headed out on my sabbatical, my friend DJ turned the tables on me, asking and clarifying FI Concepts, steps along the journey, and a bit more. This is part 2 of 2, where we clarify various age benchmarks and things we might want to be thinking about from a financial standpoint. You'll notice me pop in the beginning with the into, and after DJ wraps, you'll get me for a few minutes in the outro. Want to be a guest on the show? Email me at myficapsule@gmail.com and we'll connect! If you want a link to Monarch Money, it would help me out if you signed up through this referral link BELOW. https://www.monarchmoney.com/referral/54m0my0x9w
Way back before I headed out on my sabbatical, my friend DJ turned the tables on me, asking and clarifying FI Concepts, steps along the journey, and a bit more. This is part 1 of 2, with a cool announcement at the end in in my post-recording outro that I recorded in real time. If you want a link to Monarch Money, it would help me out if you signed up through this referral link! https://www.monarchmoney.com/referral/54m0my0x9w
In this episode I'm recording from Banff Canada, looking back at the previous 5 episodes and hitting on anything I think I missed, overlooked, or additional thoughts that were triggered. Also, an update on my travels as we are getting much closer to the end of our 11 weeks on the road during our sabbatical. Referral Link to Monarch Money if you want to help me out! https://www.monarchmoney.com/referral/54m0my0x9w
This week the stock market went a little crazy, so I wanted to address that, what to expect and more importantly how to think through how you feel about market fluctuation today to ensure you are better prepared for the future when there are other drops and any time you might have larger sums to invest all at once.
In this episode I'm sharing an episode of another podcast where I was the guest, chatting with an old high school friend that is in the personal finance space. We chatted about money philosophy, savings tips & tricks, and our summer sabbatical. I hope you enjoy listening to Bjorn and I go back and forth on money subjects. A link to Life. Money. You. Podcast: https://podcasts.apple.com/us/podcast/life-money-you-podcast/id1636521227
In this episode we talk about what happens in the event of myself or my spouse passing, ugh. Heavy subject but I hope this episode drives you towards action! We talk passwords, beneficiary designations, wills, trusts, and more. During the episode I mentioned Monarch Money, below is a link that will get you a 30 day free trial, and if you sign up, it gives me a small kick back which I'd be thankful for! Referral Link to Monarch: https://www.monarchmoney.com/referral/54m0my0x9w
Today I'm speaking with Terrance from Fundamental Thinking and Welcome Home Dad. Terrance has been working on personal finance for a while, he's a former collegiate basketball player, and is now a financial coach working on building his business, online presence, and personal finance journey.
In this Episode Mitch outlines an overview of real estate investing from passively investing in REITS & Syndications, to active participation via House Hacking or live in Flips, and in-between as a more traditional landlord.
In this episode we talk with Armando, he's newer to the FIRE Movement and has experience investing every where from Penny Stocks, to Real Estate. Something tells me he'll be back for a round 2 where we can go back and forth in depth on real estate.
In this episode I'm reviewing anything that was missed or needed further attention in the trailing 4 episodes. Additionally, I've provided some wins and challenges as we are 14 days into our summer sabbatical and trip across the Northwestern Portion of the Country.
Today we interview Brandon, who had a heck of a career in the hospitality industry. He became a motivational speaker, author, he's a proud father, man of many talents! Brandon brings it while sharing his journey to FI by forty-seven years old.
I'm going solo today to talk about some tactics, concepts and ideas about getting your money under control. Sometimes just a handful of boundaries or barriers can make a difference in how we view every day purchases big and small.