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?
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