ChooseFI | Financial Independence Podcast

A Reddit mob sent GameStop's stock soaring by 1,700% in two weeks, bankrupting billion-dollar hedge funds in the process. But here's what most coverage missed: this wasn't just a meme stock frenzy — it was a masterclass in how market mechanics break when human behavior collides with financial engineering. Brad, Jonathan, and investor Brian Feroldi unpack the short squeeze that shook Wall Street an...

M1 Finance's "pie" interface looks gimmicky until you understand what it actually does: build a perfectly rebalanced portfolio while harvesting tax losses in the background, automatically, with every dollar you deposit. Brian Barnes didn't set out to create another robo-advisor—he built M1 Finance to solve a problem that frustrated him as an early investor: why should assembling a diversified port...

Half a percent sounds trivial until you realize it could mean an extra million dollars in your pocket over a lifetime of investing. After four years of podcasting about financial independence, Jonathan and Brad reflect on the lessons that moved the needle most—the fee decisions, timing choices, and skill investments that actually changed outcomes. Key Topics Discussed: Introduction to Lessons Lear...

Most investors chase last year's winners, but what if a more boring portfolio could mean millions more at retirement? Paul Merriman returns to break down his new book, "We're Talking Millions," where he simplifies decades of research into a single investment framework. The conversation cuts through the hype around large-cap growth stocks—the darlings of recent bull markets—and makes the case for d...

Most people think paying taxes now sounds like a terrible deal — but here's the counterintuitive truth: locking in today's low tax rate via a Roth 401(k) might save you thousands when you're older and wealthier. Brad and Jonathan tackle two seemingly unrelated topics in this listener-question roundup: Roth 401(k) strategy with Sean Mulaney (the Five Tax Guy) and a meal-planning financial literacy...

Most people who reach financial independence think they've crossed the finish line—Brandon discovered he'd been running the wrong race entirely. After years of sprinting toward FI, convinced it would unlock his dream of making music, he hit his number and found himself no closer to creating the weird electronic tracks he'd been imagining. The problem wasn't the goal itself, but the goal-oriented m...

Most New Year's resolutions fail because they're vague wishes, not systems. Brad and Dominick break down what actually works when you're trying to change your life at the start of a new year — and it's not about setting better goals. They discuss personal health experiments, the concept of living an examined life, and why community matters more than willpower. The conversation covers testing dieta...

Two layoffs in "safe" industries taught Daniella that job security is an illusion. After losing positions in retail IT and web development, she stopped waiting for stability to find her and started building it herself—through freelancing, talent stacking, and multiple income streams. Her shift from employee to entrepreneur wasn't just about survival; it became a blueprint for financial independenc...

Your investment returns aren't suffering because your strategy is too simple—they're suffering because it's too complicated. Jl Collins, whose book The Simple Path to Wealth has sold hundreds of thousands of copies on zero marketing budget (every sale driven by word of mouth), explains why the most powerful investment approach is also the easiest. Originally written as blog posts for his daughter,...

John Schneider and David Auten were working in financial services, helping clients manage money and plan for retirement — all while drowning in $51,000 of credit card debt themselves. Their story challenges the assumption that financial expertise translates to personal discipline, and their Debt Lasso method offers a concrete alternative to the usual avalanche-versus-snowball debate. In this conve...

Most teachers discover they've lost hundreds of thousands in retirement savings only after it's too late to recover them. The culprit? Hidden 403(b) fees that can silently drain 1.25% to 3% of their nest egg annually — compounding to devastating losses over a 30-year career. Dan Otter from 403B Wise has spent decades helping educators spot these predatory investment products, often sold by sales a...

Most people spend decades chasing the appearance of wealth instead of building actual wealth. Amy Blacklock thought she was doing everything right—good job, nice house, keeping up with the neighbors—until a wake-up call in her early forties revealed she had virtually no net worth. What happened next transformed her trajectory and proved that financial independence isn't reserved for people who sta...

Ten burpees a day could change your life—not because burpees are magic, but because you'd be someone who does hard things daily. Brad and Jonathan expand this idea from fitness into your investment portfolio, exploring why your strategy needs regular reassessment just like your workout routine. Key Topics Investor Policy Statement Your investment strategy isn't set-it-and-forget-it. Brad and Jonat...

Most people stumble into their financial setup by copying what their parents did or following advice from the nearest coworker—not exactly a recipe for optimizing your money. Brad and Jonathan lay out a more strategic approach to building the foundation of financial independence: setting up banking that works for you, not against you, and understanding how to start investing without falling into c...

Most people think their risk tolerance is fixed — until their portfolio drops 30% and they realize they had no idea what they were actually comfortable losing. Understanding your financial risk tolerance and re-evaluating your investment strategy are crucial components of achieving financial independence. Brad and Jonathan explore "war gaming" your finances by assessing personal variables that inf...

2020 brought lower incomes for millions — but that also created a rare window for tax-savvy Roth conversions at historically low rates. Brad and Jonathan team up with tax expert Sean Mulaney to break down the year-end tax strategies that can save you thousands, from Roth conversions and tax-loss harvesting to strategic charitable giving and small business expense timing. With key deadlines looming...

Most people think a Roth IRA is just for retirement—but what if you could access the money right now, tax-free? Brad and Jonathan team up with tax expert Sean Malaney to explore how the Roth IRA functions as both a retirement vehicle and a flexible emergency fund. Contributions can be withdrawn anytime without taxes or penalties, making it a powerful dual-purpose tool for financial independence se...

A $1,000 investment earning 10% can either make you $5,500 or $72,890 over 45 years — the only difference is whether you understand compound interest. Brad and Jonathan tackle one of the most fundamental concepts in personal finance, breaking down why compound interest truly deserves its reputation as the "eighth wonder of the world." Understanding compound interest is crucial when contrasting it...

Nine-year-old Annalise runs her own business, Creative Card Designs, navigating pricing decisions, marketing strategies, and business model pivots—skills most adults struggle with. Future-proofing isn't just about preparing for an uncertain world; it's about equipping both ourselves and the next generation with the entrepreneurial mindset to thrive regardless of what comes next. The conversation c...

Most people think they're living intentionally — then they realize 80% of their time is spent on things that don't move them forward. Dominick Quartuccio returns to help listeners turn 2020's lessons into fuel for genuine change in 2021. Instead of generic goal-setting, he offers structured reflection exercises to identify what truly mattered in a year that upended everyone's plans. The conversati...

At 26, Amy had $150,000 to her name — despite starting at just $15 an hour through a temp agency. Her secret wasn't luck or a trust fund. It was treating her twenties like a launchpad instead of a waiting room. Amy shares how she tripled her salary to $93,000 by mastering LinkedIn networking and building a "skill stack" that made her impossible to ignore. With dual degrees in communications and in...

You can't predict the stock market's next move, but you can control what drowns out your peace of mind. Brad and Jonathan tackle multiple listener questions about staying sane during volatile times — from election anxiety to the temptation of market timing — by revisiting the alligator-and-kitten philosophy: eliminate the negative noise first, then focus on what builds you up. Key Topics Discussed...

A Brown University graduate with over $21,000 in credit card debt—this isn't a cautionary tale about bad decisions, it's a story about a system that never taught her how money actually works. Yanelli, known as Miss Be Helpful, grew up in a low-income household where financial education didn't exist, and college only deepened the gap. One pivotal moment forced her to choose: keep swiping or break t...

Most people think financial independence means doing less work—but what if it's actually about doing more of what energizes you? Brad and Jonathan challenge that assumption by exploring how aligning your career with your passions creates both fulfillment and financial momentum. The episode centers on talent stacking: combining above-average skills to become exceptionally valuable in the job market...

You might think money problems stem from poor decisions — but Lisa Peterson's research points to a different culprit: what happened to you as a child. Lisa Peterson, author of The Mindful Millionaire, reveals how the CDC Kaiser ACEs study connected adverse childhood experiences to adult financial struggles in ways most people never consider. Introduction to Financial Trauma [00:00:00] Awareness an...