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The Financial Independence Show

Business & Economics Podcasts

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.

Location:

United States

Description:

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.

Language:

English

Contact:

5084716480


Episodes

Tax Strategies for Financial Freedom | Wealthy Accountant (Replay)

3/13/2024
When your goal is financial freedom, your tax strategies may look a bit different than the average Joe or Jane. In this episode with Keith from the Wealthy Accountant (originally aired in 2019), we dive into some of the best tax strategies for the FIRE community and how you can benefit. If you enjoyed this episode, don't forget to share this podcast with a friend! Links From the Episode Wealthy Accountant Website Wealthy Accountant Twitter Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:01:06:48

Frugal Adventures, Getting Creative, and FI Without Sacrifice | Sean & Alex

3/6/2024
Can you really pursue financial independence at a young age and still live an exciting life? Frivolous hobbies have to take a back seat right? Sean and Alex are living proof that you can indeed build a life full in both riches of money and experience. Justin got introduced to Sean and Alex when they reached out for some financial coaching. It was quickly obvious that this couple had accomplished a ton already and had a massive amount of potential going forward. They had already mastered the hardest part to teach. The mentality. Alex lived in a sailboat at one point, and Sean did some serious house hacking when he rented out rooms in an 8-bedroom house. It's another great example of how there is no blueprint, you just have to be creative and seek value that aligns with your values. They overcame some huge student loan debts, have amassed a $750k net worth, and will be financially independent in months! Keep in mind they did all this while traveling the world, owning a plane, flying to every state in the country, skiing, running marathons... Really too much to capture. They have packed in more adventure than about any couple I know and are right on track for an early retirement. We hope you enjoyed us showcasing a story of people still on the journey and will be inspired by their amazing yet repeatable path. If you enjoyed this episode, don't forget to share this podcast with a friend! Links From the Episode Sean's Instagram Alex's Instagram Sean's website YouTube Interview https://youtu.be/_JcX1_zcM3g Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:46:05

Our Biggest Money Mistakes

2/28/2024
We're money experts and would never fall for a financial trap right? Not exactly... Over the course of our lives, we've made some pretty bad money moves. It is scary to think about how much more money we could have had at age 65 if we hadn't blown that money. But we're all human, and we all make mistakes. And that's really what we want you to take away today. Understand that making mistakes is part of the journey, the important part is that you learn from them. What were some of these mistakes? Expensive cars that wiped out savings Major percentages of net worth wasted on a single volatile stock Whole life insurance policy Thinking you've outsmarted the market More If we really examine these, most come down to emotions. Getting sucked into the excitement of getting rich. In reality, the math to financial independence is fairly simple, the hard part is staying the course. Make a plan, and stick to it, regardless of the hype cycle and you'll be rich one day. Thank you all for listening and may this episode help you on your path to a financially independent future. Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:24:54

How Justin Hit FI at 30 | Fit Rich Life

2/21/2024
This episode is a re-air of the Fit Rich Life Podcast episode which explores Justin Taylor's journey of utilizing creativity and determination to accumulate freedom-giving wealth. Get a step-by-step breakdown of just how he reached financial independence at age 30. In this episode, you will learn about: Using Adversity as Fuel to Pursue Higher Education How Justin Reversed Engineered His Way to Happiness Justin's Use of Creative Thinking to Reach Millionaire Status CampFI: A Camp for Financial Independence and Wealth Creation The Mega Backdoor Roth Strategy Justin's Journey to Financial Freedom Fitness Transformation & Much More! Key Quotes: “Do what's best for you, not what's expected of you.” - Justin Taylor “If you weigh your food, you don't have to weigh your body.” - Justin Taylor “I'm not living a restricted life whatsoever. I'm just very efficient with my money, and I only spend it on the things that move the needle for me." - Justin Taylor “Anything you do in life with the right mindset, you can make it fun and cool.” - Justin David Carl Links from the Episode CampFI The Shockingly Simple Math Behind Early Retirement Backdoor Roth How-to The Financial Independence Show - Episode 188 Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:01:44:44

Traveling the World Full-Time | Jess Wang

2/14/2024
What does it cost to travel the world full-time? $250,000? $100,000? $50,000? Jess Wang has been traveling ever since she quit her job in 2019 and has now visited a total of 64 countries (with a mission of reaching 100 within the next two years). In this episode, she breaks down: How she set herself up financially to retire at age 43 The real costs of full-time travel (category by category) How she managed to visit 40+ countries since retirement Tips & strategies for FI-friendly traveling How she finds accommodation, flights, and food Her favorite and least favorite destinations What you think you need vs. what you actually need And many more travel-related topics. If you enjoyed this episode, don't forget to share this podcast with a friend! Links From the Episode Remote Year Skyscanner YouTube Interview https://youtu.be/io9OGu8LgFQ Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:57:06

From Unhappy Lawyer to 8-Figure CEO | Rachel Rodgers

2/7/2024
Becoming a very successful lawyer and pulling in almost 7-figures sounds like the ultimate dream for many. But for Rachel Rodgers, that was just the beginning. The real beginnings for Rachel started in New York without a lot of money or money talks. Rachel was exposed to how the other half lived though, and that inspired her to chase after a lucrative career. That is what sent her toward practicing law. After building out a very successful practice, she realized it wasn't law that she enjoyed. She enjoyed the art of building businesses. Rachel also realized that she could help a lot of under-represented people do the same. Today, you can find Rachel running HelloSeven where she's doing just that. HelloSeven's mission statement is pretty powerful: Our mission is to help you make more money. Period. We teach you how to increase your income, build wealth, and earn 7 figures per year without sacrificing your family, health, or sanity in the process. Rachel has truly built an impressive business and community of business owners. Make sure to check the links below to see the great works that Rachel has authored and will author in the future. If you enjoyed this episode, don't forget to share this podcast with a friend! Links From the Episode HelloSeven Rachel's Book - We Should All Be Millionaires Rachel's New Audio Book - Six Figure Side Hustle YouTube Interview https://youtu.be/S3VKMaaz3HQ Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:59:58

Bad Personal Finance Takes (Part 2)

1/31/2024
Who needs a financial advisor when you have TikTok right? Be careful where you get your financial advice from. The internet is full of confident people, spouting absolute garbage. Some are trying to take your money. Some are trying to get clicks. And some are... just dumb honestly. No worries though, we're here to make sure you always have a top-notch financial education. Today, we'll have a little fun picking apart some of these bad takes. Some topics include: Are you destined to run out of money with the 4% rule? Are credit cards just a scam? Is there a foolproof way to get fancy things like Rolex watches for free? Do you have way too much cash in your accounts? How owning a house actually does cost money It's wild how confident some of these people seem to be with their views. Financial misinformation is super dangerous and could lead you into some very bad spots. While we had fun with this one and some are almost comically bad takes, be careful out there. Remember, if it's too good to be true, it probably is (except the Mega backdoor Roth of course) Thank you all for listening and may this episode help you on your path to a financially independent future. Links from the Episode Hilarious TikTok advice Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:33:00

How He Made $100,000 in 48 Hours | Brian Luebben

1/24/2024
Last week we talked about starting a business in 60 minutes or less. No website, no logo, no business plan, just a solution to a problem and a way to collect payment. And today's guest, Brian Luebben, did just that. In fact, Brian was able to bring in over $100,000 in just 48 hours. You'll hear all about it in the episode. Brian is the author of the new book From Passive to Passionate and host of The Action Academy Podcast. We brought you Brian's backstory in episode 203. Today, we'll dive into the evolution of Brian and reflect on his book and the strides he's taken in business. This includes converting a flurry of free offerings into a roster of paying customers. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode Brian's Book Brian's Podcast Brian's first appearance on The FI Show Brian's Instagram YouTube Interview Coming soon... Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:01:01:17

How to Start a Business in 60 Minutes or Less

1/17/2024
Whether it's a path to financial independence or an outlet post-retirement, starting your own business could be a great goal. But that's got to be really hard right? Today, we're bringing you a step-by-step walkthrough to starting that business with almost no effort. What do you actually need to start a business? Probably a lot less than you think. The biggest takeaways you should have are: You don't have to invent the next big thing, just provide a product/service that's slightly better than the competition You don't need a business plan, just a landing spot for people to see and sign up for your product/service. You can always add additional layers to the business after you launch Deciding what you want to do, or what you want to call it might be difficult, but if you have an idea you are passionate about, don't let the fear of starting a "real" business hold you back. Now go out there, create that new income stream, and let us hear about it in the Facebook Group. Thank you all for listening and may this episode inspire you to start your very own business. Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:45:32

The Traditional Path to FI | Bob Haines

1/10/2024
Retiring early sounds like an incredible goal. But to get there, you'll need either amazing luck, your own business, or to hit it big on a risky investment. Don't you? Today's guest, Bob Haines, is here to showcase why that's not true at all. Bob's story is one that's likely much more relatable for you than many of our other guests. He started saving young, he leveraged his skills to continuously push for raises, he invested, and he retired early. It really can be that simple. Bob's grandmother instilled in him a very aggressive target for saving. Save 90% of every dollar from a raise. That would ensure that his lifestyle would see small increases while hopefully, his income could see giant leaps. Bob also always pushed for his worth. He didn't just take the pay he was offered and settle. All too often, employees get fed up with their pay, make up their minds it's time to go, and magically their employer can offer them a raise. Surprise! They always could have paid you more, but why would they if you didn't ask for it? The other lesson you can take away is to bring your research. Bob actually took salary surveys and approached his boss for a >50% raise. His boss agreed he was worth it, but couldn't pay him. The main reason was relativity. Yes, Bob was worth it, but if more senior members weren't making that, how could Bob get paid that? And in some companies, it's just the percentage increase in general that has limits, not the pay itself. So if you start out low, you're always fighting an uphill battle. This is why job-hopping can be such a powerful tool. You take away the HR restriction that a pay increase can only be 10% because you're coming in as a fresh hire. Bob would hop roles and companies every few years to maximize earnings (one year over $500K). In the end, Bob was actually already financially independent before it was a goal of his or even a term he knew. Today, Bob and his family are traveling the world and have actually seen their net worth grow. Bob's story showcases that you can indeed reach financial independence the old-fashioned way. Just a skill, an employer, and a simple investment portfolio. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode Bob's Twitter Bob's Instagram YouTube Interview https://youtu.be/KAcHDhAQKyg Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:59:40

2023 Recap – Money Hacks, Health Goals, and Lots of Travel

1/3/2024
Another year down! The guys break down what they accomplished in 2023 and where they stand going into 2024. They're entering 2024 with a combined net worth of $4.2M while also being in the best shape of their lives. Cody is now married and Justin is now retired. Those are some major life updates and it's amazing how much changes each and every year. Justin had his first calendar year of giving up alcohol and Cody keeps adding to his list of successful businesses. The guys break down the episode into three major categories: Wealth Health Travel It's a financial podcast so of course there are financial hacks covered with resources provided. But the journey is so much more than just finances. Health and wellness are also huge topics in this episode. Then the episode is rounded out by covering the laundry list of awesome travel and experiences from 2023. The road to financial independence doesn't have to be one of boring sacrifice. This gets reinforced through Justin and Cody's lifestyle every year. In 2024 we're confident we'll end up happier, wealthier, armed with new experiences, and well over 2 million downloads on the podcast! Thank you all for listening and may this episode help you on your path to a happy, healthy, and financially independent future. Links from the Episode Cody's Financial Hacks Qualified Small Business Stock Multiple Employer, 401-k Contributions Real Estate Professional Status Justin's Retirement Journey Documentation Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:42:58

How Cody Reached FI at 25 | Action Academy

12/27/2023
This episode is an interview with Cody from October 2022 on the Action Academy Podcast where he explains how he reached FI at 25 and built a 7-figure business. If you enjoyed it, please share this episode with a friend! Links From the Episode Action Academy Podcast Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:26:41

The Easiest Side Hustle (If You’ve Got Space For It) | Joseph Woodbury

12/20/2023
Hopefully, you're not tired of making money with little to no effort. Today, Joseph Woodbury, Founder of Neighbor, is here to give us another way to do just that. The concept started out simple enough during college. Someone needed storage but didn't want to pay top-dollar or drive to a crummy storage facility. So what if instead, you just paid your neighbor a fraction of the amount and dropped it off down the street? That's exactly what Neighbor is. Joseph gives us the full breakdown of how they went from a Google sheet and knocking on doors, to the only storage company operating in all 50 states. You'll also hear some great stories of both huge and small-scale ways people are making passive income via Neighbor. From a spot under someone's bed in NY to large fields in rural America. Some have even gone so far as to build structures simply to put them on Neighbor. We love this concept however because no work is really needed. If you have space available that you aren't using anyway, set up your rules and rent it to a neighbor. There's rarely such a win-win. You get passive income, and they get a safer and more friendly experience at a fraction of the cost. We can't wait to hear how much you're able to make renting out that empty garage, parking spot, or yes, maybe even a spot under your bed. As always, if you enjoyed this episode, please share it with a friend! Links From the Episode Neighbor Joseph Woodbury YouTube Interview https://youtu.be/2McKZN2M3eM Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:54:25

How to Start a Business With No Money | Alan Donegan

12/13/2023
It's likely you've come up with a brilliant-sounding business idea but didn't go after it. Or maybe you wanted to be your own boss but were overwhelmed by getting started. The biggest reason most people don't start or don't succeed at starting a business is money. Maybe they run out of money before the business is profitable. Maybe they just never even start because of the fear of losing the investment needed to start. But what if you didn't need any money to get started? That's exactly what Alan Donegan is teaching people across the world how to do. He created the Rebel Business School to spread his methodology and help would-be business owners get started even when they have no starting capital. Alan was raised by a successful entrepreneur who ended up bankrupt due to being overleveraged. It almost scared Alan away from being a business owner himself. Instead, he developed mindsets and methodologies to avoid ever getting into that leveraged position. He shares successful stories from businesses you'd never expect to be able to get started without money. These include an escape room and even a restaurant. We hope this episode helps get you past that last bit of fear holding you back and start that business of your dreams. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode Alan's Website Rebel Business School Website Rebel Business School Instagram Rebel Business School YouTube YouTube Interview https://youtu.be/zn0i2QwKeq0 Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:58:16

Justin’s Biggest Announcement Yet

12/6/2023
Today has been a long time coming... When we started this podcast Justin's, net worth was less than $300k. His goal was to retire in 2034. Fast forward 5 years and he's blown past those metrics and goals. Justin had planned on retiring in June of 2024, once his restricted stock matured. Due to an acquisition of his company, which led to a layoff, that timeline was accelerated. It's all good news though! He still gets his pay and his stock and gets to retire that much sooner. Justin had already been Financially Independent, but now he gets to tack on the RE to the FIRE acronym. So yep... It looks like at age 33 and just over $1.5M, Justin is RETIRED!!! What will retirement look like? Well, if you know Justin, you know he's extremely transparent. So he'll be documenting exactly what he does every day for his 150 days of severance to give everyone a peek behind the curtain. In this episode, we cover: Negotiating severance (or not) The do's and don'ts of layoffs RSUs and vested company stock The WARN act What to do with your 401K Justin's future and so much more If you found this episode helpful, please share it with a friend! Links from the Episode Justin's Log of daily activities in retirement Justin's Blog -> The daily log may move here eventually Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:38:36

Tax Strategies for High Earners | Ryan Bakke

11/29/2023
Everyone loves seeing their hard-earned money dwindle away to the tax man right? Obviously not! The most powerful techniques generally come to business owners and real estate investors. Ryan Blakke, from Learn Like a CPA, is an expert in these techniques. He's seen hundreds of returns that individuals did themselves...and only 1 who actually did it correctly. That means if you're putting all your trust in turbo-tax, you're probably leaving money on the table. Cost segregation, the Augusta rule, and resetting your cost basis when giving to charities are just some of the tips Ryan brings to this episode. As we near the end of 2023, you'll want to make sure you take action on some of these tips before it's too late. It's always a great episode when we hear about strategies we never knew existed. It no doubt brought value to our lives, and we hope you can say the same for yourself. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode Work with Ryan Learn Like a CPA Instagram Learn Like a CPA Podcast Learn Like a CPA Twitter Learn Like a CPA YouTube YouTube Interview https://youtu.be/qqGKkMxHngU Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:55:04

Stats That Will Shock You (Thanksgiving Edition)

11/22/2023
It's Thanksgiving and we've got so much to be thankful for. We kick off the episode with some shocking stats that show just how privileged we all are to be seeking financial independence in the first place. Stats across the world such as Average income Average net worth Average daily spending How many people own a car Most of our audience makes more in a week than some of the world makes in a year. We're incredibly thankful for the opportunities we've been given to chase after. We were fortunate enough to be born into a country where we have a stable stock market, we have financing for homes, and we have countless income-generating opportunities. We also try to help the audience score some deals this holiday season...it wouldn't be a FI Show episode without some actionable tips. Check the Flipp app to see who's offering deals like a free turkey. Set up an Ibotta account for a free Thanksgiving meal. Set alerts on Slickdeals so that you don't miss out on any Black Friday opportunities. There's even a tip in the episode to avoid overeating during the big feast. We round out the episode by listing out a few things we're thankful for that felt relevant to the show. One thing Justin mentioned was being thankful for being financially prepared for any situation. This is highlighted because he may be getting laid off next week... So definitely come back for those updates. The FI Show is so thankful for everyone who has taken time out of their day to give us a listen. We hope we've helped in some little way along your journey. If so, we hope you can share this episode with a friend! Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:31:49

Multimillionaire in 4 Years with This Strategy | Jaren Sustar

11/15/2023
Many people feel like a lack of capital and insider information for good deals is keeping them from starting their real estate journey. But what if you could just use someone else's money? And what if you could find deals directly on the MLS? Jaren, aka Finance Cowboy, is doing just that. He's not trying to implement any complex strategies. Jaren is finding deals on the MLS that need to be rehabbed, forcing appreciation, refinancing to get his money out, and moving on to the next property. This is commonly referred to as the BRRRR strategy. Buy Rehab Rent Refinance Repeat Another cool thing about Jaren's story is that he actually still has his W-2. Even though he's a multi-millionaire and could live off rental income, he's got a great gig and doesn't plan on leaving. All too often W-2 employment gets looked down on in the personal finance community. The reality is that W-2 does come with its benefits (health insurance, 401k, steady pay, etc). Jaren has taken a career in sales and combined it with an impressive real estate portfolio to design a life that's perfect for him. We always love to bring you a realistic story that's repeatable, and Jaren embodies that perfectly. If you enjoyed this episode, check out the links below for more content, and don't forget to share this podcast with a friend! Links From the Episode Finance Cowboy Instagram Finance Cowboy Twitter Jaren's YouTube Jaren's Podcast YouTube Interview https://youtu.be/4348MylLS9s Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:51:30

Financial Freedom Through Blackjack (Replay) | Colin Jones

11/8/2023
Today, we're re-airing a fan favorite from 2019. Colin Jones was a substitute math teacher and a friend had given him a book on card counting. Once the friend was making $80/hr, Colin decided he should give it a try. To get started, he took $2k of the $6k that he and his wife had saved up. Eventually, after hundreds of hours and study and play, Colin was making $430/hr. And his team was regularly making $500k+ in a year. Now, he's more focused on teaching others the skill of card counting. If you enjoyed this episode, don't forget to share this podcast with a friend! Listen and read below to hear this incredible story. Links from the Episode Colin's Website: Blackjack Apprenticeship Colin's Book: The 21st Century Card Counter A snippet from the mentioned documentary Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFiShow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:43:24

He Bought a House for $5,000

11/1/2023
Real estate prices are out of control... right? In today's episode, you'll hear how Justin bought a house for just $5,000. No, that's not a typo, $5K! The craziest thing is that the place is in decent condition: Single level Concrete foundation Simplest roof possible No interior water damage This house is a big project, but Justin estimates he can finish everything for under $25,000. After running the numbers, this property should blow the 1% rule out of the water. Justin is expecting to rent from anywhere between $700-$850 depending on how nice he ends up making it and how it's rented. We'll definitely be sharing updates about this one-of-a-kind property in future podcasts. If you enjoyed this episode, please share it with a friend! Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! Grab the Ultimate FI Spreadsheet Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please subscribe and leave a rating/review! >> You can do that by clicking here << Learn More About Your Hosts CodyDBerman.com (Cody’s Blog) Saving-Sherpa (Justin’s blog)

Duration:00:24:35