Cody breaks down his various income streams on the Growth House Podcast and how he used them to reach FI at age 25. If you enjoyed this, please share this episode with a friend! Links From the Episode Jesse Ray on The FI Show Growth House 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 vo...
Jun 26, 2024
From an early age, Ramon knew that he wasn't cut out for corporate America. So, in his early 20s, with only $1,000 to his name, he took a chance and got his real estate license. After many hard lessons yet eventual success, he decided to open his own brokerage just two years later. The astonishing thing is that Ramon opened a brokerage when he was only 24 years old. He now runs one of the top brokerages in the entire country! In this podcast, he shares the entire journey including the ups and do...
Jun 19, 2024•45 min
How much money you make is certainly an important factor for early retirement. However, it's not the most important factor. The amount you keep is truly what matters. This is largely driven by how much you spend and how much you give to the government. Giving to the government is a reference to your tax bill and that's where Tom Wheelwright comes in. Tom runs WealthAbility where he helps business owners permanently lower their tax bill. Many people are giving away thousands of dollars that are r...
Jun 12, 2024
Cody & Justin both "retired" pretty early and are known to be frugal, but what do they surprisingly splurge on? That's exactly what you'll hear in today's episode. We cover travel, services, luxury items, health, etc. Some things, like Justin's cell phone upgrades or Cody's gourmet meats, might surprise you. Overall, it's abundantly clear after hearing this episode that you can maintain a healthy budget, retire early, and live an amazing life while doing so. Thank you all for listening and may t...
Jun 05, 2024
What's better than just making money? Making money while you sleep. Ryan Hogue joins us today to give us a major deep dive into several passive income streams. The two big ones are fulfillment by Amazon (FBA) and print-on-demand (POD). Print-on-demand is especially compelling because it requires no risk and is extremely passive. Just come up with an idea...or even just a word. Customers get that on a shirt, bag, mug etc. Or maybe you can find a unicorn product to sell via Amazon FBA. Ryan has bu...
May 29, 2024
W-2 jobs don't often get a ton of love in the financial independence space. However, we'd argue it's the most likely path for the largest percentage of people. Especially when you learn how to really squeeze all the value out of that career. Brian Feroldi joins us to discuss just how to do that. Specifically how to leverage Stock-Based Compensation (SBC). It's possible that the stock your company gives you makes you more money than your entire salary. But it can be a nuanced subject with terms l...
May 22, 2024
The podcast has been around for more than 5 years. That means it's actually old enough to follow our entire journey to financial independence. Jesse Ray was listening to our episodes back in 2020 sitting in his cubicle. Less than 2 years later, he retired from the corporate world and we're pumped to bring you his story today. Jesse has cultivated a co-living brand (Growth House) and real estate portfolio. He takes homes, adds bedrooms, and rents out the rooms individually. We've seen this before...
May 15, 2024•56 min
Who doesn't want to vacation more? Too bad it's so expensive... But what if it was cheaper than living your normal day-to-day life? Introducing Geohacking. Geohacking is when you rent out your primary residence while you travel to a cheaper cost-of-living part of the world. Justin and his fiancé Leslie just recently spent a week in Puerto Vallarta. The cost of their oceanside condo, roundtrip flights, and multiple excursions was less than what they earned from renting out their house in Austin, ...
May 08, 2024•46 min
In today’s episode, Cody and Justin are joined by the insurance guru from Simply Insurance, Sa El. Sa El got started after a tragedy in the family and is now trying to make sure that never has to happen to anyone else. In this episode, we cover every type of personal insurance: Health Dental Life Renters Car and more We also jump into the problems with our health insurance system in the United States and things on the horizon to give us more transparency. For you money nerds like us, we also dis...
May 01, 2024•52 min
A financially independent life sounds pretty amazing, but do you want to spend it alone? Most people want time to spend with their loved ones, and none more than their life partner. Maybe you already have yours, or maybe you've never even considered how this would change your path. Either way, today's episode is for you. This episode was inspired by Justin's recent engagement! The guys discuss several areas around the topic of financial independence with a life partner including: Tax benefits me...
Apr 24, 2024•37 min
Our favorite part of the financial independence community is just that, the community. And no one embodies the principle of community better than Matt and Joel. They are also the dynamic duo behind HowToMoney and the How to Money Podcast. We're such huge fans of these guys that we decided to dig into the archives and replay their episode for our listeners who may have missed this one. This fantastic conversation unwraps their backstory and tons of tangible tips on saving money without sacrifice....
Apr 17, 2024•54 min
Scott Trench and the folks at BiggerPockets have made real estate investing much more approachable for a massive amount of people. They've truly built a holistic empire of real estate education. And while we've had Scott on the show before, it was a few years ago, and a lot can change in a few years. In today's episode, we focus on the state of real estate and the economy as a whole. What does Scott think is going to happen over the next 1, 5, or 10 years? Has his real estate investing philosoph...
Apr 10, 2024•41 min
When it comes to networking, Mason Miranda is world-class. Within his first year of investing in real estate, he was able to purchase 62 units... with none of his own money. Tune in to hear the tactics and strategies he used to pull this off. And as always, if you enjoyed it, please share this episode with a friend! Links From the Episode Mason's Instagram Mason's Facebook YouTube Interview https://youtu.be/OPtqnFOkoWs?si=B22NwVX2Vjaw_Z0h Join the Community We’d love to hear your comments and qu...
Apr 03, 2024•45 min
Unfortunately, sometimes it takes a potentially life-altering event to step back and reevaluate your life. For our guest Joel, it was a potentially fatal car crash that his wife was involved in. Luckily she was okay! But it was certainly a wake-up call. After much reflection, they figured out what they truly valued and cut down their monthly expenses by a whopping 70%... Yes, 70%! These changes allowed them to reach financial independence just 4 years later. Our favorite quote was “My worst-case...
Mar 27, 2024•39 min
What is that one thing you know would make you happy? The problem with that answer, is that often what we know turns out not to be true. We often think we need more (time, things, square footage, vacations, etc). In reality, what we need to be happy is already within reach, the real problem is our mindset or confusion of priorities. Cody and Justin reflect on travels to places where people have so much less material wealth but so much more happiness. They also cover the mental traps around chasi...
Mar 20, 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 q...
Mar 13, 2024•1 hr 7 min
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 hard...
Mar 06, 2024•46 min
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? ...
Feb 28, 2024•25 min
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 I...
Feb 21, 2024•2 hr 45 min
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 sh...
Feb 14, 2024•57 min
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. S...
Feb 07, 2024•1 hr
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 mon...
Jan 31, 2024•33 min
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 ...
Jan 24, 2024•1 hr 2 min
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 th...
Jan 17, 2024•46 min
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 ...
Jan 10, 2024•1 hr
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 ...
Jan 03, 2024•43 min
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 ...
Dec 27, 2023•27 min
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 the...
Dec 20, 2023•54 min
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 Ala...
Dec 13, 2023•58 min
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 b...
Dec 06, 2023•37 min
