The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 8 November 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

#141: Financial independence expert Brad Barrett and Chris deep dives into the FI/RE movement. They cover various forms of FI/RE, share effective strategies for investments and retirement planning, and discuss tools to track and manage finances. They also explore the psychological aspects of financial decision making, including the skill of mindful spending. Brad Barrett (@bradchoosefi) is the co-host of ChooseFI, the number one podcast on financial independence with more than a million monthly listeners. After years in public accounting as a CPA, Brad reached financial independence at the age of 35, without ever earning a six-figure salary. Link to Full Show Notes: https://www.allthehacks.com/FIRE-spectrum Partner Deals Green Chef: $250 off healthy and delicious meal kits Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Daffy: Free $25 to give to the charity of your choice Vuori: 20% off the most comfortable performance apparel I've ever worn DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned All the Hacks: Membership Episodes: #2: Financial Independence Without a Six Figure Salary with Brad Barrett #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins #100: Reflecting on All the Hacks, Valuing Time and Focusing on the Year Ahead with Brad Barrett Brad Barrett: Podcast | Twitter | Website ChooseFI Episode #71: Silicon Valley FI | Chris Hutchins | Grove Early Retirement Now: The Safe Withdrawal Rate Series Wealthfront: Cash Account Bonus 0.5% APY | Automated Investing $5k Free Tools To Track Your FI Journey: Free tool: Karsten Jeske’s **[EarlyRetirementNow SWR Toolbox v2.0](https://docs.google.com/spreadsheets/d/1QGrMm6XSGWBVLI8I_DOAeJV5whoCnSdmaR8toQB2Jz8/copy?)** To Track Spending: Copilot (Free 2 months access with code HACKS2) To Track Net Worth: Kubera (All the Hacks Members Get First Year for $1) To Go Deep: Projection Lab Bill Perkins’s Book: Die With Zero: Getting All You Can from Your Money and Your Life Dean Turner: Online Training + Coaching Full Show Notes (not final) (02:47) Chris & Brad's FI Journey (04:18) Difference Between Financial Independence & FI/RE (07:17) Why You Shouldn't Only Focus On The RE (09:32) The Different Types of Financial Independence (12:07) Lean & Fat FI/RE (17:51) Coast FI/RE (22:44) Tackling The 4% Rule (28:42) Tools To Track Your Fi Journey (41:19) Taxable Brokerage Accounts (46:22) Learning The Skill of Spending (51:24) Embodying the Die With Zero Mentality (56:42) Health & Longevity: Hiring A Remote Personal Trainer (1:02:51) Cold Plunges & Saunas Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to another episode of All the Hacks, a show about upgrading your life, money, and travel.
0:08.0	I'm your host, Chris Hutchins, and today we're going to talk about financial Independence and the intricacies of the Financial Independence
0:15.0	retire early or fire movement and its evolution.
0:19.4	We're going to delve into forms of fire like lean fire, fat fire, or coast fire, which it turns out isn't what I
0:25.3	actually thought it was and is actually pretty close to how Amy and I are living
0:28.7	our lives. We're also going to talk about the implications of the 4% rule, strategies for effective investing
0:34.7	and retirement planning, the psychological aspects of financial decision-making, and
0:39.5	some of the tools that can aid in tracking and managing your finances.
0:43.4	And who better to join me for this episode
0:45.2	than Brad Barrett, a three-time All the Hacks guest
0:48.0	and host of the number one Financial Independence
0:50.5	podcast, Choose FI.
0:52.4	Brad is a wealth of knowledge here,
0:54.0	and if you haven't already listened to Choose F.
0:56.0	You absolutely should.
0:58.0	And not just because I've been a guest a few times,
1:00.0	but because it's an incredible podcast,
1:02.0	and I am pretty sure he has an entire
1:04.2	episode to cover just about every financial independence topic you can think of.
1:08.8	But that's enough intro. We have a lot to cover so let's jump in right after this.
1:15.0	You don't have to lose track of healthy eating habits during the holidays.
1:18.8	In fact, delicious and nutritious food can actually be so easy. I know because we've cooked over 50
	...

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