Joshua Dorkin, founder and CEO of BiggerPockets.com, joins me on the Financial Independence Podcast to talk real estate and entrepreneurship! Highlights: The story of how BiggerPockets got started The advantages of “scratching your own itch” Why you should study other verticals and other successful businesses The incredible power of “fake it ’til you make it” The right way to build an online empire How long it actually takes to become successful Achieving financial independence through real-esta...
Sep 05, 2016•38 min
Justin from RootofGood.com joins me on the Financial Independence Podcast to talk about how he and his wife saved over a million dollars in under a decade! Highlights: The tax benefits and true costs of children How to have a positive net worth after graduating from college What is interest rate arbitrage How to amass a million dollars in ten years without six-figure salaries Why you should quit your job before you’re actually ready to retire How to easily get $4,500 in free travel To read the f...
Aug 01, 2016•47 min
JL Collins joins me on the Financial Independence Podcast to talk about stocks, bonds, real estate, and his brand new book - The Simple Path to Wealth! Highlights: Origin of The Simple Path to Wealth What’s changed about his investment philosophy over the last four years Three simple steps to financial independence Difference between good debt and bad debt Why buying a house is an indulgence The only two funds you need and why you don’t need to invest in an international fund When should you inv...
Jun 21, 2016•47 min
Mike and Lauren join me on the Financial Independence Podcast to discuss medical tourism, full-time RV living, and the importance of questioning everything! Highlights: The ins and outs of medical tourism Reasons to give birth in another country Benefits of having multiple passports How to obtain dual citizenship Total cost of having a child in Costa Rica The actual income numbers of their popular YouTube channel How to prepare for living permanently in an RV To read the full article, visit http...
May 18, 2016•46 min
Nick Loper from Side Hustle Nation discusses the importance of side hustles and how they can make your path to FI shorter and more enjoyable! Highlights: Why you need to diversify your income How Nick got his start selling shoes online The importance of investing in yourself and your business Why a low barrier to entry means you should just give it a shot Focus on the three Cs – Creation, Connection, and Contribution Why fientists can take more risks and be more speculative How to start a side h...
Apr 04, 2016•35 min
The guys from Travel Miles 101 stop by the Financial Independence Podcast to talk about investing, early retirement, and the benefits of travel hacking! Highlights: Using FI savings to become an entrepreneur Dealing with extreme lifestyle inflation Why P2P lending is like investing in extra-junky junk bonds How travel hacking increases your options and decreases the stress of travel Why travel hacking is the perfect hobby for fientists To read the full article, visit http://www.madfientist.com/t...
Mar 09, 2016•1 hr 3 min
J. Money from Budgets are Sexy joins me on the Financial Independence Podcast to talk about the benefits of challenging everything in your life! Highlights: The importance of tracking your net worth How not to buy a house The importance of side hustles Why J. Money is the Miley Cyrus of personal finance How to live like Benjamin Franklin and why you should try it The ways personal finance has changed over the years Why you should challenge everything in your life To read the full article, visit ...
Feb 04, 2016•59 min
The Frugalwoods joined me to talk about how frugality can help you reach your financial goals sooner and also increase your happiness in the process! Highlights: How to maintain a high savings rate while living in an expensive city Tips for avoiding frugality-induced isolation The importance of large goals Keys to making frugality fun When to give up a good thing How to get a free graduate degree The multiple fringe benefits of frugality How to have children without delaying your early retiremen...
Dec 11, 2015•47 min
Todd Tresidder joined me on the Financial Independence Podcast to talk about active investing and lessons learned during 15+ years of early retirement! Highlights: Building wealth with paper assets, real estate, and entrepreneurship Protecting your money during turbulent times Pursuing good goals vs. bad goals Finding happiness both before and after achieving financial independence To read the full article, visit http://www.madfientist.com/financial-mentor-interview/...
Nov 24, 2015•49 min
The 1500s from 1500days.com joined me for my first in-person podcast interview to talk about real estate, the economy, and entering early retirement! Highlights: Most tax-efficient strategy for building wealth with real estate Pay off mortgage early or invest? What is a 1031 exchange? Transition to early retirement with part-time work Alternatives to early retirement Will the economic future be as rosy as the past? Is the 4% rule safe? How to prepare your portfolio for less economic growth To re...
Sep 29, 2015•52 min
Hear how two teachers used tax-avoidance and geographical-arbitrage strategies to save nearly a million dollars in only 16 years! Highlights: Using international and domestic geographic arbitrage to increase income How to save $250,000 in 3 years on teachers’ salaries Setting up SEPP 72(t) distributions to access retirement account funds before standard retirement age Going from $0 net worth to nearly $1 million in just 16 years Living off 457(b) funds while fully funding other tax-deductible ac...
Jun 17, 2015•56 min
Justin Cooke from EmpireFlippers.com joined me for an episode of the Financial Independence Podcast to discuss website investing! Highlights: Hear how Justin went from building an outsourcing company in the Philippines to building, buying, and selling niche websites The difference between online and offline businesses and investments Six different buyer profiles When to sell your website The future of online business investing Justin’s recommendation for someone just starting out Longterm prospe...
Oct 22, 2014•42 min
J.D. Roth, creator of GetRichSlowly.org, joined me for the Financial Independence Podcast to talk about finding personal and financial freedom! In less than ten years, J.D. went from having $35,000 of consumer debt to becoming a self-made millionaire. Since selling his incredibly popular blog, getrichslowly.org, he now spends most of his time writing about life and money at his personal site, jdroth.com. On today’s show, J.D. shares what he’s learned over the past decade of writing about money a...
Apr 22, 2014•47 min
Billy Murphy from ForeverJobless.com joined me for an episode of the Financial Independence Podcast to talk about investing in online businesses! What if I told you you could create $2,000 of monthly recurring income from a single $25,000 investment? Thanks to the low multiples some online companies are selling for, you could potentially fund your early retirement with a very small initial investment. Billy takes us through how he went from being a professional poker player to creating a very su...
Apr 07, 2014•41 min
Jeremy and Winnie retired a few years ago, in their thirties, and have been traveling around Central America ever since. They were kind enough to join me from San Miguel de Allende, Mexico to talk about their journey to financial independence and early retirement. Discover how they were able to achieve financial independence and hear why moving to a cheaper locale can be a great way to smooth the transition into early retirement! To read the full article, visit http://www.madfientist.com/go-curr...
Nov 21, 2013•34 min
In part two of the podcast, the Mad Fientist explores some very powerful tax-avoidance strategies for early retirees. It’s possible to achieve financial independence earlier in life, without having to decrease your spending, increase your income, or assume any additional risk, simply by using tax-advantaged retirement accounts in an intelligent way. Today’s episode explores the various retirement accounts available and explains the most optimal uses of those accounts for people on the path to fi...
Oct 10, 2013•44 min
Listen to part one of my Radical Personal Finance podcast interview where I discuss frugality, travel hacking, and financial independence! A couple of months ago, a guy named Joshua emailed me to ask if I’d be a guest on his new show – the Radical Personal Finance podcast. I agreed and we ended up having a very interesting two-hour conversation. Since then, however, Joshua has been forced to take down his podcast (for undisclosed reasons) and since he’s not sure when he’ll be able to put it back...
Oct 08, 2013•42 min
Billy and Akaisha Kaderli from RetireEarlyLifestyle.com joined me to talk about 20+ years of travel and early retirement! In 1991, Billy and Akaisha quit their jobs, moved to an island in the Caribbean, and have been traveling the world ever since. Their initial retirement savings of $500,000 has survived the dot-com bust, the 2008 financial crisis, and over two decades of early retirement. Discover how they did it, find out their recommendations for the best places in the world to retire, and h...
Jul 29, 2013•41 min
Mike from LackingAmbition.com joined me for an episode of the Financial Independence Podcast to discuss how he achieved FI in just over 3 years! After working for just over three years, Mike was able to amass enough savings to purchase (with cash) three single-family houses. By living in one of the houses and renting out the other two, he now has enough rental income to completely cover his living expenses. During the interview, Mike discusses how he was able to buy three properties, each for un...
Jun 03, 2013•43 min
Paula from AffordAnything.com joined me to discuss how she’s using real estate investing to achieve early financial independence! Highlights: Frugality vs. wealth building Mental energy is limited so use it wisely Think like a creator, not like a consumer Scarcity mindset vs. abundance mindset How to start investing in real estate Real estate niches and strategies Becoming a real estate agent To read the full article, visit http://www.madfientist.com/afford-anything-interview/...
Apr 08, 2013•38 min
Shilpan from Street Smart Finance describes how he was able to build a million dollar real estate portfolio after coming to America with only $20! Highlights: The Value of Hard Work Commercial vs. Residential Real Estate Tax Benefits of Real Estate Stock Losses vs. Real Estate Losses LLC vs. S Corp To read the full article, visit http://www.madfientist.com/street-smart-finance-interview/...
Dec 21, 2012•41 min
In this episode of the Financial Independence Podcast, I interview Jim Collins from JLCollinsNH.com to discuss the importance of F-You Money! Highlights: The Importance of F-You Money Surviving Black Monday Don’t "Swing for the Fences" Active vs. Passive Investing Why Vanguard? Three Simple Steps to Financial Independence To read the full article, visit http://www.madfientist.com/jlcollinsnh-interview/...
Oct 01, 2012•41 min
Mr. Money Mustache shares his early retirement secrets in an interview for the new Financial Independence Podcast! Mr. Money Mustache retired in his early thirties and has recently emerged as one of the most inspiring personal finance authors in cyberspace. His entertaining and informative articles, which can be found at mrmoneymustache.com, give you the “punch in the face” you need to get you on the right track to financial independence. It was great having him in the Mad Fientist lab to talk a...
Jun 01, 2012•30 min
