Beyond Numbers at the Bali Retreat | Ep 524

ChooseFI

Brad Barrett | Choose FI Media

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

4.8 • 5K Ratings

🗓️ 9 December 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Brad Barrett and a panel of community members as they explore the transformative experiences at the FI Freedom Retreat . This episode dives into the importance of community connection, personal growth, and designing a balanced life centered around financial independence. Highlighted stories emphasize overcoming fears, embracing sabbaticals, and discovering that the journey to financial independence involves much more than numbers.

Key Takeaways:

Importance of Community: Financial independence is not just about numbers; it's about building connections and designing a fulfilling life.
Sabbaticals Lead to Renewal: Taking extended breaks can help reset priorities and foster personal development.
First Impressions Matter: Newcomers often arrive with misconceptions, thinking events only focus on finances instead of personal exploration.
Finding Your Tribe: Engaging with the FI community can redefine how you connect with yourself and others.

Timestamps & Topics:

Community Connection Discussion
- The significance of finding like-minded individuals at FI events.
First Timer Experience with Viji Evers
- Viji shares her initial misconceptions about the FI community.
Sabbaticals and Life Changes with Shawn
- Shawn elaborates on how taking a sabbatical allowed personal rejuvenation.
Business Adjustments for Travel with Christine Wheatley
- Christine discusses the challenges business owners face when trying to step away.
Reflecting on Personal Identity with Susanna
- Susanna shares her journey from being a physician to embracing life beyond work.

Key Quotes:

"Money does not make you happy. It does make life easier."
"Finding your tribe can be life-changing."
"Just do it. Absolutely worth it."
"Community leads to crafting your best life."
"Prepare for the worst; aim for the best outcome."
Consider Negotiating a Sabbatical: If you're feeling burnt out, take time to explore this option.
Reach Out to Local FI Groups: Find a supportive community near you to enrich your FI journey.

Discussion Questions:

What does community mean to you in your journey to FI?
How can taking time off impact your personal and professional life?

Transcript

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0:00.0	Hello and welcome to Chuzafi. Today on the show, we have a special treat. I'm coming to you
0:05.5	live from Bali, Indonesia, and I'm sitting here at the Five Freedom Retreat, the second annual
0:11.3	version of this, with 53 of my closest friends. And I am joined by Mark Troutman, who is the host of Mark's Money Mind podcast and a CFP,
0:30.7	and just an all-around wonderful guy.
0:33.0	He's knowledgeable.
0:34.5	He's an absolute pillar of the Phi community.
0:37.1	And he has been to over 16 of these
0:41.3	live events and he can bring a really unique perspective, I think, on why one keeps coming back
0:48.4	and what can be gleaned from this. And I think what we're going to do here today is Mark
0:53.8	and I are going to talk, but more importantly, we're going to do here today is Mark and I are going to talk,
0:54.8	but more importantly, we're going to bring members from the community in to talk about how they
1:00.4	made their way to Bali. And I don't just mean with travel rewards, though, in fairness, I got a
1:06.1	Singapore suites business class and Qatar Airways QSuite, so I've got some stories.
1:11.8	But more importantly, it's how are people able to take time out of their lives to devote to
1:19.0	this community?
1:20.3	And what does that look like?
1:22.7	Why is it so important that they would take their finite vacation time, time away from family, time away from
1:30.9	friends, and a not insignificant amount of resources to come to Bali for five plus days, to have an
1:38.0	immersive event with, in many cases, people they simply do not know. We take this as a normal thing in our community, but this is extraordinary.
1:47.9	And I think when you're on the ground at an event like this, you realize just how amazing it is and just how life-changing it can be.
1:57.3	And we're going to talk today to some people who, okay, hey, if you're listening to this,
2:02.5	maybe a FI event isn't in your near future, but maybe you're thinking about how do I negotiate a
	...

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