Personal finance is easy, right? You read a blog or listen to a podcast and just follow everything they did. Easy, Peasy, Lemon Squeezy.
Except that’s not how the world works. What brought success to one person may bring misery - and ultimately failure - to someone else. Personal Finance is P-E-R-S-O-N-A-L!
Of course that said, there are some general principles that apply to everyone:
Spend less than you earn
Invest wisely
Increase your income
Track your spending
Be money conscious
Chris Mamula, Brad Barrett and Jonathan Mendonsa are the authors of ChooseFI: Your Blueprint to Financial Independence, a new book for ChooseFI Publishing. They join us today to share the basics of Financial Independence, and to remind us that Financial Freedom is available for everyone.
Topics:
What their book is all about
The framework they applied to the concept of financial independence
Deconstructing rules and create new mindset
Things they questioned that started to fall apart
How to frame the conversation to attract and get more people interested on financial independence
The concept of spending less money
Principles on how to cut your expenses
Learn the rules of money and math
How to earn more income
How they approach on investing
The final step towards financial independence
And SO much more!
Links:
Mr. Money Mustache
Mad Fientist
YNAB
Mint
Frugalwoods
BiggerPockets Money Podcast 10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames
BiggerPockets Money Podcast 86: Choosing the Right Investment Type for Your Goals with David Stein
Budgets Are Sexy
Twitter - Dad Jokes
Scott's Instagram
ChooseFI
ChooseFI Podcast
Eat The Financial Elephant
Can I Retire Yet?
Learn more about your ad choices. Visit megaphone.fm/adchoices