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Hack Your Wealth: FIRE, financial independence, and side hustles

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As a lawyer / engineer / MBA, how can you achieve FIRE (financial independence, retire early) rapidly to quit the rat race, pursue your passions, and live life on your own terms? Andrew Chen – founder of the Hack Your Wealth Blog and lawyer, financial expert (CFA graduate), and tech industry veteran – shows you strategies and tactics to (1) earn, (2) save, (3) invest, and (4) protect as a high earner so that you can build massive wealth and create a portfolio that’s a FIRE machine. Through solo lessons, expert interviews, and side hustle profiles, you’ll learn about tax strategies, retirement account optimization, asset allocation & rebalancing, passive income (real estate investing, side hustling, online business, digital nomading), family finances (e.g., strategizing college education costs), travel hacking, estate planning, and career transitions. Andrew podcasts about the big picture concepts, then adds step-by-step implementation guides downloadable from the Hack Your Wealth website to help you FIRE strategically, methodically, and rapidly.

As a lawyer / engineer / MBA, how can you achieve FIRE (financial independence, retire early) rapidly to quit the rat race, pursue your passions, and live life on your own terms? Andrew Chen – founder of the Hack Your Wealth Blog and lawyer, financial expert (CFA graduate), and tech industry veteran – shows you strategies and tactics to (1) earn, (2) save, (3) invest, and (4) protect as a high earner so that you can build massive wealth and create a portfolio that’s a FIRE machine. Through solo lessons, expert interviews, and side hustle profiles, you’ll learn about tax strategies, retirement account optimization, asset allocation & rebalancing, passive income (real estate investing, side hustling, online business, digital nomading), family finances (e.g., strategizing college education costs), travel hacking, estate planning, and career transitions. Andrew podcasts about the big picture concepts, then adds step-by-step implementation guides downloadable from the Hack Your Wealth website to help you FIRE strategically, methodically, and rapidly.
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Location:

United States

Description:

As a lawyer / engineer / MBA, how can you achieve FIRE (financial independence, retire early) rapidly to quit the rat race, pursue your passions, and live life on your own terms? Andrew Chen – founder of the Hack Your Wealth Blog and lawyer, financial expert (CFA graduate), and tech industry veteran – shows you strategies and tactics to (1) earn, (2) save, (3) invest, and (4) protect as a high earner so that you can build massive wealth and create a portfolio that’s a FIRE machine. Through solo lessons, expert interviews, and side hustle profiles, you’ll learn about tax strategies, retirement account optimization, asset allocation & rebalancing, passive income (real estate investing, side hustling, online business, digital nomading), family finances (e.g., strategizing college education costs), travel hacking, estate planning, and career transitions. Andrew podcasts about the big picture concepts, then adds step-by-step implementation guides downloadable from the Hack Your Wealth website to help you FIRE strategically, methodically, and rapidly.

Language:

English


Episodes

Becoming a YouTube travel influencer with Ernest Shahbazian

1/14/2020
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#13: Many folks dream of getting paid to travel. For Ernest Shahbazian, his side hustle as a travel content creator allows him to do just that. In episode 13 of the podcast, I talk with Ernest, a management consultant who solopreneurs on the side as a YouTube travel influencer (>22k subscribers) providing travel tips, destination reviews, points and miles tutorials, and travel gear reviews. With over 2B monthly users and crazy engagement, YouTube has become a “too big to ignore” platform...

Duration:00:47:08

Growing multiple niche blogs with Jeff Campbell

1/7/2020
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#12: Ever wonder what type of solopreneur businesses are possible to help you build additional income streams? A big part of the HYW podcast will be interviews with solopreneurs who are building lifestyle businesses that enable them to be completely time, location, and financially independent. This week, I talk with Jeff Campbell, who spent more than 2 decades in the corporate world before starting an online side hustle with niche blogs. He plans to solopreneur full time starting in...

Duration:00:52:13

8 key takeaways from a study of 150 millionaires

12/31/2019
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#11: I share some personal thoughts on FIRE and 8 key takeaways from a recent study of 150 millionaire interviews. I share why there is no guaranteed path you can simply follow like an instruction manual to lead predictably to FI. FI must be achieved on your own terms, and we talk about lessons and mindsets to help you get clarity on your own pathway to FI. What you’ll learn in this episode: Links mentioned in this episode: List of questions to help you clarify your pathway to...

Duration:00:33:52

The pros and cons of robo-advisors

12/24/2019
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#10: We talk about the pros and cons of using a robo advisor. Are the advantages of automating your portfolio management worth the costs and downsides? What you’ll learn in this episode: Links mentioned in this episode: VanguardList of robo advisorsTax loss harvesting and tax gain harvesting step by stepHYW private Facebook communityIntro/Outro: Old Bossa by Twin Musicom.

Duration:00:39:21

16 essential estate planning checklist topics to protect your family and give you peace of mind

12/17/2019
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#9: We discuss the details of actually HOW to do estate planning, including the 16 essential estate planning checklist topics you need to prepare or update your estate plan. We talk about: Links mentioned in this episode: 16-point estate planning checklistHow to set up a revocable living trust (with sample trust document)How to write a willLife insurance: How to calculate exactly how much you need in 4 simple stepsMartindale-HubbellAvvoHYW private Facebook communityIntro/Outro: Old Bossa...

Duration:01:03:00

Why estate planning is so critical for wealth preservation

12/10/2019
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#8: I discuss why estate planning is so critical for wealth preservation. This episode is part 1 of 2 and covers big picture questions around the “who, what, when, why” of estate planning. In the next episode, we’ll cover the “how” part of estate planning. What you’ll learn in this episode: Links mentioned in this episode: 16-point estate planning checklistHow to set up a revocable living trust (with sample trust document)How to write a willLife insurance: How to calculate exactly how...

Duration:00:21:33

3 levels of financial independence: why hard work alone may not get you into the top 1%, but how it’ll get you to FI

12/3/2019
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#7: We talk about the importance of luck when it comes to FIRE. How important is it for FIRE? Can you achieve FIRE even if you aren’t particularly lucky? We’ll answer these questions and share some mindsets that’ll help you stay on track in making FIRE progress. What you’ll learn in this episode: Links mentioned in this episode: My Top 5 Free Tools For Building Wealth And Minimizing TaxesHYW episode 2: My 4x4 FIRE framework for creating and protecting wealthMobility Report Cards: The...

Duration:00:27:52

2020 federal income tax brackets and retirement contribution limits

11/26/2019
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#6: I summarize the most important changes to the federal tax brackets and retirement contribution limits to be aware of in 2020. What you’ll learn in this episode: Links mentioned in this episode: How the final Trump tax bill affects you: analysis and chartsTake a year off with the foreign earned income exclusionTurboTax TaxCasterHYW private Facebook communityIntro/Outro: Old Bossa by Twin Musicom.

Duration:00:21:32

How to be strategic with your retirement accounts with Roger Ma, CFP

11/19/2019
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#5: Roger Ma, an industry recognized CFP, talks with me about how high earners can optimize their retirement accounts and avoid common mistakes. What you’ll learn in this episode: Links mentioned in this episode: Life Laid OutBogleheadsDonor-advised fundsAARPHYW private Facebook community Intro/Outro: Old Bossa by Twin Musicom.

Duration:00:54:27

IRAs, Roth IRAs, and how to get the tax benefits of BOTH

11/12/2019
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#4: We discuss IRAs and Roth IRAs – the "consumer retail" cousin of the 401k / Roth 401k. We also show you how the Roth laddering strategy works, why for early retirees this strategy means it's always better to contribute pre-tax upfront, and exactly how to implement the strategy. What you’ll learn in this episode: Links mentioned in this episode: Traditional vs. Roth spreadsheet template to quickly see how much you’ll personally save with a tax-deferred upfront strategyHYW episode 3:...

Duration:00:40:22

Why I started Hack Your Wealth

10/29/2019
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#1: I share why I started Hack Your Wealth, my personal story, how I once lost 1/3 of my savings, what change my thinking afterward, how that motivated me to became a financial expert, how much wealth that expertise has created for me today, what I now teach on HYW and what makes HYW different from other personal finance podcasts. What you’ll learn in this episode: Links mentioned in this episode: My personal storyHYW private Facebook communityCFA programIntro/Outro: Old Bossa by Twin...

Duration:00:20:31

My 4x4 FIRE framework for creating and protecting wealth

10/29/2019
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#2: I discuss my 4x4 FIRE framework for methodically planning, building, and protecting financial wealth/independence. Centered around earning, saving, investing, and protecting, my framework is simple and manageable yet comprehensive. What you’ll learn in this episode: Links mentioned in this episode: Download 4x4 FIRE framework freebie (show notes page)HYW private Facebook communityIntro/Outro: Old Bossa by Twin Musicom.

Duration:00:21:01

Everything you need to know about 401Ks

10/29/2019
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#3: I discuss a comprehensive framework for understanding how 401ks work and how to use them strategically. What you’ll learn in this episode: Links mentioned in this episode: Download 401k reference checklist freebie (show notes)All about Solo 401ksHYW private Facebook communityIntro/Outro: Old Bossa by Twin Musicom.

Duration:00:54:34