236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

Strong frugality is hard to come by. Not many people would write off their solar system as a business expense and use bitcoin mining to provide heat to their house, instead of using a space heater. These are just two things that Yourri, an engineer and diversification whiz, has done to make his balance sheet as optimized as possible. Yourri has spent the better part of the last decade at school and was able to graduate with a phenomenal job doing something he loves. He makes $120,000 a year but has a big retirement goal of $7,000,000! While this may seem like a massive number to most, Yourri should be able to hit it with some regular investing due to his age and aggressiveness to invest. But, he’ll need to opt-out of an over-diversified investing strategy if he wants to reach this goal as fast as possible. Passion projects are also a big part of Yourri’s life, as he’d like to rebuild a vintage motorcycle, get his pilot license, and adopt as many dogs in need as he can. He has a calculated outlook on his financial growth, and there’s no doubt he’ll hit his goals! In This Episode We Cover Pursuing high-cost hobbies and understanding that FI isn’t all about saving every penny Whether or not diversification could be slowing down your net worth growth The “golden butterfly” investing ratio that helps mitigate risk when investing Writing off solar systems as a business deduction when in a buy-back program Mining bitcoin for not only extra income but free heat! Whether a 401(k) or a Roth 401(k) is the best option for your retirement And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(742)

38: Getting Serious About Paying Off Debt with Phillip Taylor from PT Money

38: Getting Serious About Paying Off Debt with Phillip Taylor from PT Money

Phillip Taylor studied to be a CPA in college, just like his dad. He graduated with some debt and decided to add to it by buying a house. In order to afford his new house, he didn’t max out his 401k—h...

17 Syys 20181h 13min

37: Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke

37: Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke

Kyle Renke graduated from college and hopped right on the American dream bandwagon. He started off with a starter house, added a couple of kids and moved onto a bigger, better house—one that he could ...

10 Syys 20181h 1min

36: From Childhood Poverty to Financial Freedom by Age 32 with Jillian Johnsrud

36: From Childhood Poverty to Financial Freedom by Age 32 with Jillian Johnsrud

Jillian Johnsrud grew up lacking the privileges that many of us take for granted. Jillian Johnsrud grew up poor, with an abusive step father and a mother unable to leave due to lack of funds. She eman...

3 Syys 20181h 23min

35: Hacking Your Life to Live for (Almost) Free with Craig Curelop

35: Hacking Your Life to Live for (Almost) Free with Craig Curelop

Graduating from college, Craig Curelop had amassed an impressive $25,000 savings account - AND $85,000 in student loan debt. Conventional advice is to pay off your student loans BEFORE investing. In t...

27 Elo 20181h 8min

34: The Low-Stress, Surprisingly Simple Way to Pursue Financial Freedom with Andy Hill

34: The Low-Stress, Surprisingly Simple Way to Pursue Financial Freedom with Andy Hill

On today's show we discuss the highest-probability way that a family can move toward financial independence—without stress and worry—while enjoying incremental freedoms along the way. We’ll also talk ...

20 Elo 20181h 5min

33: From Debt to Financial Freedom While Active Duty Military with Stuart Grazier

33: From Debt to Financial Freedom While Active Duty Military with Stuart Grazier

Stuart Grazier joined the military and immediately went into debt. A chance encounter with Dave Ramsey’s Financial Peace University showed him how to manage his finances, and he returned from his stin...

13 Elo 20181h 4min

32: Financial Freedom Through Small Life Changes and a Modest Real Estate Portfolio

32: Financial Freedom Through Small Life Changes and a Modest Real Estate Portfolio

Today we sit down with Mr. and Mrs. Planting our Pennies, or Mr. and Mrs. PoP for short. Mr. PoP never wanted to be anchored to an inflexible job. Mrs. PoP never wanted to be financially insecure. A r...

6 Elo 20181h 10min

31: How to Boost Your Income & Investments for a Faster Route to Financial Freedom

31: How to Boost Your Income & Investments for a Faster Route to Financial Freedom

Continuing where we left off from last week’s episode, this show discusses increasing your income by recognizing existing opportunities and making your own opportunities through side hustles. The show...

30 Heinä 20181h 2min

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