The FI Guys

In this powerful coaching session, Chris Monzon sits down with Kate, a woman on a journey toward financial independence. They dive deep into Kate's desire for financial success, her challenging past, and the impact of childhood money memories on her present-day financial habits. Kate opens up about her experiences in an abusive relationship, the financial instability she's faced, and the $...

In this episode, Dominic and Chris dive into the trade-offs in personal finance, highlighting that personal finance is truly personal—what works for one might not work for another. They discuss the importance of inner peace, the illusion of an easy life, and the sacrifices faced by successful people like Elon Musk and Warren Buffett. The conversation explores themes of comparison, happiness, and t...

Chris and Dominic break down 30 personal finance rules, covering budgeting, saving, investing, and more. Learn about the 10% savings rule, the 4% rule, the rule of 72, and how to personalize these guidelines to fit your unique financial situation. Tune in for insights on credit utilization, retirement planning, and crafting a financial plan that works for you. 🔔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for...

In this conversation, Chris and Dom recap 'Make Time: How to Focus on What Matters Every Day' and share tactics for prioritizing important tasks. They discuss choosing a daily highlight, laser focusing, and eliminating distractions like social media. Chris also shares his journey from a corporate job to a more fulfilling life. Key takeaways include the power of saying no, setting boundarie...

In this podcast, Chris and Dominic dive into the book Make Time and share strategies for focusing on what matters most each day. They discuss the importance of identifying a daily highlight, avoiding time-wasting activities like the busy bandwagon and infinity pools, and designing your environment to minimize distractions. The conversation also covers energizing through healthy habits and reflecti...

In this conversation, Chris and Dominic recap their previous episodes on cognitive biases and discuss the importance of understanding these biases to avoid being manipulated. They cover biases such as contrast misreaction tendency, social proof, stress influence tendency, and use it or lose it tendency. They also touch on the power of comparison, the impact of adrenaline on decision-making, and th...

Join Dominic and Chris Monzon in this part 2 as they continue to explore cognitive biases and their impact on decision-making. From loss aversion to social proof and more, they discuss how biases shape our choices in investing and everyday decisions. They also examine how stress and adrenaline affect decision-making, urging listeners to question their thinking and avoid common cognitive traps. Tun...

In this conversation, Chris and Dominic discuss various psychological biases and tendencies that can impact our financial decisions. They highlight the importance of being aware of these biases and offer insights on how to overcome them. The main themes covered include reward and punishment bias, envy and jealousy bias, inconsistency bias, excess self-regard bias, and the importance of knowing one...

The FI Guys discuss various cognitive biases and how they impact our decision-making. They share examples of biases such as reward and punishment tendencies, liking versus loving tendency, disliking and hating tendency, doubt and avoidance tendencies, inconsistency and avoidance tendencies, curiosity tendency, Kantian fairness tendency, and envy and jealousy tendencies. They explain how these bias...

In this conversation, Chris and Dominic recap their podcast episode with guest Paul DeLowery. They discuss the importance of passing down knowledge and lessons to future generations, the power of creating a family legacy, and the impact of personal experiences on one's mindset. They also share a story about an Uber driver from Iraq who overcame adversity and is working hard to improve his life...

In this episode, Chris Monzon interviews attorney Paul Deloughery, author of the books Probate Made Simple and Lasting Wealth. They discuss the importance of creating generational wealth and the emotional journey that led Paul to write his book. Paul shares his personal background, including the discovery that his biological father was not who he thought, and the impact it had on his life. They al...

In this Podcast, Chris and Dominic discuss house hacking, subject-to-investing, and creative financing as alternative methods to get into the housing market. House hacking involves purchasing a larger property than needed and renting out additional rooms or units to subsidize the mortgage. Subject-to-investing is when the buyer takes over the existing mortgage of a property while keeping the origi...

In this conversation, Dominic and Chris discuss the topics of house hacking, subject to investing, and creative financing in real estate. House hacking involves purchasing a property larger than needed and renting out the extra space to offset costs. Subject to investing is a method where the buyer takes over the existing mortgage of a property while keeping the original owner's name. Creative...

In this podcast episode, Dominic and Chris discuss their recent conversation with guest John Grace. They touch on various topics including the importance of working with a financial advisor, the lack of financial literacy among Americans, and the challenges millennials face in the housing market. They also mention the upcoming episode on real estate and recommend two books by Morgan Housel for tho...

Join Chris Monzon in a conversation with John Grace, a financial advisor, as they explore critical thinking in finance, the role of advisors in achieving financial independence, and industry challenges. They discuss the 4% rule for retirement, managing investment losses, and the benefits of active management and diversification. John shares insights on the housing market, advising on when to buy o...

In this episode of Fi Friday Feedback, Dominic and Chris discuss the Ten Commandments of Business Failure by Don Keough. They highlight the importance of not isolating oneself and the need for diverse perspectives. They also discuss the dangers of putting too much faith in experts and the value of critical thinking. They touch on the fear of the future and the balance between scarcity and abundanc...

In this video, Chris Monzon and Dominic discuss the 10 commandments of business failure based on Don Keough's book. They cover topics such as taking risks, being flexible, not isolating oneself, avoiding infallibility, playing by the rules, and the importance of thoughtful decision-making. The 10 Commandments of Business Failure provides valuable insights into the common mistakes that lead to...

In this conversation, Dominic and Chris discuss the importance of making sound financial decisions and avoiding lifestyle inflation. They reflect on their own experiences growing up and witnessing others make poor financial choices. They also share insights from their mentoring call with a young man who is about to enter the military and is seeking guidance on financial independence. The conversat...

Join Chris as he coaches Dylan on his journey from plumbing to a military career. Dylan shares how his passion for fitness led him to personal finance, emphasizing patience, dedication, and saving money. They discuss controlling impulse spending, long-term financial goals, and the rent vs. buy dilemma. Chris highlights the importance of budgeting before investing and explores house hacking and hom...

In this episode, Dominic and Chris discuss the mid-year financial checklist. They cover topics such as reviewing spending, assessing income, organizing financial documents, evaluating emergency funds, managing debt, optimizing subscriptions, consolidating accounts, automating bill pay, checking credit health, and reviewing insurance coverage. In this conversation, Chris and Dominic discuss tax pla...

In this conversation, Chris Monzon and Dominic discuss a mid-year financial check-up, emphasizing the importance of reviewing spending and income to set goals and make adjustments. They stress prioritizing spending based on personal values to avoid overspending or underspending. The discussion covers the dangers of debt, the value of financial planning, and the need for a strong sense of purpose....

In this conversation, Chris Monzon and Dominic discuss the five rules of trust in estate planning. They cover topics such as the benefits of a trust over a will, the importance of updating your estate plan regularly, and the significance of choosing the right executor or trustee. They also touch on the tax implications of transferring assets within a trust and the role of a trust in minimizing tax...

In this conversation, Chris and Dominic discuss trust, wills, and estate planning. They clarify the differences between a trust and a will, with a trust being more powerful and legally binding. They explain that a trust is a legal document that governs the transfer of assets after death, while a will is a hope or desire for how assets will be distributed. They also discuss the importance of having...

In this conversation, Chris and Dominic recap Monday's episode on LLC write-offs and discuss the top write-offs that people should take in 2024. They cover topics such as tax credits vs tax deductions, startup and organizational costs, vehicle expenses, marketing and advertising deductions, and home office deductions. They emphasize the importance of diligent record-keeping and caution against...

In this conversation, Chris Monzon and Dominic discuss the top LLC tax write-offs for 2024. They cover topics such as startup and organizational costs, vehicle expenses, marketing, and advertising expenses, home office deductions, and travel expenses. They emphasize the importance of documentation and working with a qualified CPA to maximize tax deductions. They also caution against extravagant or...