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ChooseFI

470 | The Spectrum of Financial Independence | Chris Hutchins

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 1 January 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: FI versus FIRE, coast FI, lean FI, tools for FI, the skill of spending, dying with zero, and prioritizing health.

This week we are joined by our friend and host of the “All the Hacks” podcast, Chris Hutchins to discuss the “spectrum” of FI, and all that falls in between. From the evolution of FI over the years, to the changes we’ve made on our respective journeys, and even differentiating terms such as FI versus FIRE and Coast FI, we cover it all! We also found some time to share some tools and resources that can be beneficial to you and your FI journey. While the path to FI allows you to take control of your financials and future, this journey can usher in so many new perspectives and changes that affect all areas of your life! Allowing yourself flexibility and remembering that what you are working towards isn’t just a number or early retirement, but rather a more fulfilling life!

Chris Hutchins:

Timestamps:

  • 1:16 - Introduction
  • 3:19 - FI Versus FIRE
  • 10:11 - Lean FI
  • 17:11 - Coast FI
  • 30:20 - Tools for Tracking FI
  • 41:48 - Optimizing Accounts
  • 47:56 - The Skill of Spending and Dying With Zero
  • 60:12 - Prioritizing Health
  • 70:01 - Conclusion

Resources Mentioned In Today’s Episode:

Transcript

Click on a timestamp to play from that location

0:15.9

Hello and welcome to Choose If I, today on the show I have my good buddy Chris Hutchins from the All the Hacks Podcast back in the show with me and last time he came on we had just kind of far ranging conversation that we conceptualized as a random show where we would just touch on a whole bunch of different things we had going on in our lives and

0:20.1

when we originally sat down to record this episode,

0:23.1

that's what we anticipated this one was going to be.

0:25.7

But then it very quickly shifted

0:27.4

into a real in-depth conversation

0:30.2

about financial independence,

0:31.8

about the spectrum of financial independence, how Fai has changed over the years,

0:36.6

different terms like Coast Fai, which actually Chris realized that he was literally the

0:41.0

day we recorded this.

0:42.5

Lean5, FatFi, all of these things.

0:44.8

And then we do touch on some other topics

0:46.7

like different tools to track your FI journey,

0:49.5

plus a little bit of health and longevity,

0:52.0

my personal trainer that I hired this year, and then

0:55.4

cold plunges and saunas.

0:56.8

So touches on a little bit of everything, but the vast majority of this episode is all

1:01.6

about the spectrum of financial independence. I think you're really

1:04.8

going to enjoy this. With that, welcome to Choose Up Hi. Brad, thanks for joining me.

1:17.0

Yeah, man, this should be fun.

1:18.3

I always love chatting with you, whether online or off,

1:21.2

so this should be a good time.

1:22.5

Yeah, so we did our first conversation.

...

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