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Wouldn't It Be Cool If ?? | Open the Aperture With Jonathan And Brad | Ep 532

ChooseFI

Brad Barrett | Choose FI Media

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

4.85K Ratings

🗓️ 3 February 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

Introducing The 'Wouldn't It Be Cool If' Series

Episode Summary:
2025 marks the start of an exciting new era for ChooseFI! In this episode, hosts Jonathan and Brad dive into the journey to financial independence—what it means, how to define your FI number, and why taking control of your finances is crucial. Plus, we’re evolving! This year, we’re harnessing the power of community to crowdsource the best personal finance strategies—with your help. Tune in and be part of the movement shaping the future of ChooseFI!

Create an Account on the Choosefi Community Platform

ChooseFI Platform

 

🎧 ChooseFI Podcast: A New Era Begins! 🚀

📌 Key Topics Discussed:

🟢 Launching the ‘Wouldn’t It Be Cool If’ (WIBCIF) Series (00:00:00)

  • A fresh approach to exploring financial independence through new ideas and possibilities.

🟢 Personal Journeys in Financial Independence (00:01:00)

  • Jonathan & Brad reflect on how FI and entrepreneurship have transformed their lives over the past decade.

🟢 Why Options Matter in Financial Independence (00:04:00)

  • More financial options = more freedom. The importance of actively shaping your financial future.

🟢 How to Calculate Your Financial Independence Number (00:20:28)

  • The simple FI formula: Annual expenses × 25 = FI number.
  • How managing expenses can dramatically adjust your FI target.

🟢 Community Engagement & Crowdsourcing FI Strategies (00:40:14)

  • The power of collective knowledge: How you can contribute to and benefit from the FI community.

💡 Actionable Takeaways:

Find Your FI Number (00:32:24)

  • Assess your annual expenses and multiply by 25 for a rough FI estimate.

Cut Expenses & Lower Your FI Number (00:17:17)

  • Every $100 you cut in monthly expenses reduces your FI number by $30,000. Small changes make a big impact!

Reimagine Your Future (00:04:34)

  • What would your life look like if financial independence was within reach? Start visualizing it now.

🔥 Key Insights & Mindset Shifts:

💡 More Options = Fewer Regrets (00:05:10)

  • Expanding your choices creates more freedom and opportunities.

💡 FI is for the Middle Class (00:06:57)

  • A disciplined approach to savings and investing makes financial independence achievable.

💡 The Small Stuff Adds Up (00:17:55)

  • Tiny tweaks in spending habits can lead to massive long-term gains.

⏳ Episode Timestamps for Quick Navigation:

00:00:00 – new series launch
00:01:00 – Hosts reflect on their FI journeys
00:04:00 – The power of having more options
00:16:56 – The importance of actively managing personal finances
00:20:28 – How to calculate your FI number
00:40:14 – Crowdsourcing FI strategies & community engagement


💬 Discussion Questions: (Perfect for Community Engagement!)

What does financial independence mean to you? (00:05:00)
Do your current expenses align with your long-term goals? (00:32:00)
What’s one small financial change you can make today? (00:17:00)


🔗 👉 Ready to Take Action?
Join the conversation & create your account on the ChooseFI Community Platform today!

🎙 Listen now and be part of the movement redefining financial independence. 🚀

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, everyone.

0:11.3

We've made it to 2025, and today we're going to be kicking off a new series.

0:16.4

You know, the acronym's a little bit wordy.

0:18.4

The idea behind the series is, wouldn't it be cool if I've been

0:22.1

playing around with those letters and it's just, it's Wibsiff. I don't know. It's Wibsiff. So today is our

0:26.5

first Wibsiff episode. And to help me with this, I have my co-host Brad here with me today. How

0:31.4

you doing, buddy? Hey, Jonathan. I'm doing quite well. Yeah, that definitely does not roll off the tongue, neither to say. Maybe it's destined

0:37.7

for a T-shirt at some point. You never know. I can see it. I can see it bracelets. If we could do

0:42.5

bracelets. Well, happy, uh, 2025. I realize maybe people are listening to this years from now and they're like,

0:47.4

man, that was so long ago. But I mean, 2025, it's, uh, time has flown, man. I mean, I was just thinking about this in terms of your own personal financial independence journey.

0:56.3

This is kind of a big deal for you.

0:58.0

Yeah, it is.

0:58.9

Actually, this very week is a big deal for me.

1:00.9

So I left my job.

1:03.1

I left my corporate job as a CPA 10 years ago, almost to the day.

1:07.8

My last day was January 31st, 2015. And now we're in February of 2025, which is crazy.

1:16.2

I mean, Jonathan, you and I met eight and a half years ago at this point. We've been doing choosified

1:20.3

together for more than eight years. It's crazy. I remember when you celebrated your 40th,

1:26.8

and I was like, man, 40 years old.

1:28.7

He's old. He's getting on. I'm celebrating my 40th this year. Oh, wow. Are you really?

1:34.0

Oh, wow. It's wild. I still think of you as like 32 or whatever when we met 31. That's crazy.

1:39.3

He'll be 21 one of these days. It's just, it just grows up a little bit slower.

...

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