The Spectrum of Financial Independence and Tools to Track Your Progress with Brad Barrett
01:02:17 Share

#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.