The Financial Independence Show

This episode is a re-air of the Fit Rich Life Podcast episode which explores Justin Taylor’s journey of utilizing creativity and determination to accumulate freedom-giving wealth. Get a step-by-step breakdown of just how he reached financial independence at age 30. In this episode, you will learn about: Using Adversity as Fuel to Pursue Higher Education How Justin Reversed Engineered His Way...

What does it cost to travel the world full-time? $250,000? $100,000? $50,000? Jess Wang has been traveling ever since she quit her job in 2019 and has now visited a total of 64 countries (with a mission of reaching 100 within the next two years). In this episode, she breaks down: How she set herself up financially to retire at age 43 The real costs of full-time travel (category by category) How sh...

Becoming a very successful lawyer and pulling in almost 7-figures sounds like the ultimate dream for many. But for Rachel Rodgers, that was just the beginning. The real beginnings for Rachel started in New York without a lot of money or money talks. Rachel was exposed to how the other half lived though, and that inspired her to chase after a lucrative career. That is what sent her toward practicin...

Who needs a financial advisor when you have TikTok right? Be careful where you get your financial advice from. The internet is full of confident people, spouting absolute garbage. Some are trying to take your money. Some are trying to get clicks. And some are… just dumb honestly. No worries though, we’re here to make sure you always have a top-notch financial education. Today, we&#8217...

Last week we talked about starting a business in 60 minutes or less. No website, no logo, no business plan, just a solution to a problem and a way to collect payment. And today’s guest, Brian Luebben, did just that. In fact, Brian was able to bring in over $100,000 in just 48 hours. You’ll hear all about it in the episode. Brian is the author of the new book From Passive to Passionate...

Whether it’s a path to financial independence or an outlet post-retirement, starting your own business could be a great goal. But that’s got to be really hard right? Today, we’re bringing you a step-by-step walkthrough to starting that business with almost no effort. What do you actually need to start a business? Probably a lot less than you think. The biggest takeaways you shoul...

Retiring early sounds like an incredible goal. But to get there, you’ll need either amazing luck, your own business, or to hit it big on a risky investment. Don’t you? Today’s guest, Bob Haines, is here to showcase why that’s not true at all. Bob’s story is one that’s likely much more relatable for you than many of our other guests. He started saving young, he l...

Another year down! The guys break down what they accomplished in 2023 and where they stand going into 2024. They’re entering 2024 with a combined net worth of $4.2M while also being in the best shape of their lives. Cody is now married and Justin is now retired. Those are some major life updates and it’s amazing how much changes each and every year. Justin had his first calendar year o...

This episode is an interview with Cody from October 2022 on the Action Academy Podcast where he explains how he reached FI at 25 and built a 7-figure business. If you enjoyed it, please share this episode with a friend! Links From the Episode Action Academy Podcast Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in...

Hopefully, you’re not tired of making money with little to no effort. Today, Joseph Woodbury, Founder of Neighbor , is here to give us another way to do just that. The concept started out simple enough during college. Someone needed storage but didn’t want to pay top-dollar or drive to a crummy storage facility. So what if instead, you just paid your neighbor a fraction of the amount a...

It’s likely you’ve come up with a brilliant-sounding business idea but didn’t go after it. Or maybe you wanted to be your own boss but were overwhelmed by getting started. The biggest reason most people don’t start or don’t succeed at starting a business is money. Maybe they run out of money before the business is profitable. Maybe they just never even start because o...

Today has been a long time coming… When we started this podcast Justin’s, net worth was less than $300k. His goal was to retire in 2034. Fast forward 5 years and he’s blown past those metrics and goals. Justin had planned on retiring in June of 2024, once his restricted stock matured. Due to an acquisition of his company, which led to a layoff, that timeline was accelerated. It&#...

Everyone loves seeing their hard-earned money dwindle away to the tax man right? Obviously not! The most powerful techniques generally come to business owners and real estate investors. Ryan Blakke, from Learn Like a CPA , is an expert in these techniques. He’s seen hundreds of returns that individuals did themselves…and only 1 who actually did it correctly. That means if you’re...

It’s Thanksgiving and we’ve got so much to be thankful for. We kick off the episode with some shocking stats that show just how privileged we all are to be seeking financial independence in the first place. Stats across the world such as Average income Average net worth Average daily spending How many people own a car Most of our audience makes more in a week than some of the world mak...

Many people feel like a lack of capital and insider information for good deals is keeping them from starting their real estate journey. But what if you could just use someone else’s money? And what if you could find deals directly on the MLS? Jaren, aka Finance Cowboy , is doing just that. He’s not trying to implement any complex strategies. Jaren is finding deals on the MLS that need...

Today, we’re re-airing a fan favorite from 2019. Colin Jones was a substitute math teacher and a friend had given him a book on card counting. Once the friend was making $80/hr, Colin decided he should give it a try. To get started, he took $2k of the $6k that he and his wife had saved up. Eventually, after hundreds of hours and study and play, Colin was making $430/hr. And his team was regu...

Real estate prices are out of control… right? In today’s episode, you’ll hear how Justin bought a house for just $5,000. No, that’s not a typo, $5K! The craziest thing is that the place is in decent condition: Single level Concrete foundation Simplest roof possible No interior water damage This house is a big project, but Justin estimates he can finish everything for under...

Today, we’re re-airing a popular episode from 2019 on frugal vs. cheap with Jen Smith, co-host of the Frugal Friends Podcast. In the beginning, Jen and her husband find themselves in $78k of total debt. They didn’t have a ton of income, so Jen tried to add on three side hustles on top of her job. This stressed her out so much that she ended up with shingles. In totality, between all their wo...

Today, we’re re-airing one of our most popular episodes from early 2019. Paula Pant is always conducting great interviews herself but today she’s the one answering questions. She walks us through her amazing story of only three traditional years of employment, traveling the world, and the steps she took to secure her financial independence. There is something for everyone in this episode. Yo...

Can you imagine owning a full-fledged brick-and-mortar business at age 15? That’s exactly the position Sam Wegert found himself in. Sam was homeschooled with his seven siblings which allowed them to all focus on what they were best at. At 15 years old, with a loan of $15,000 from his parents, he purchased his first martial arts school and graduated high school that same year. Over the next 1...

In today’s episode, Cody and Justin bring you back to one of our favorite episodes ever! This is the story of Jimmy Ridenhour who, unlike most of our guests, has no blog, book, or podcast. This was actually Jimmy’s first interview ever. That doesn’t mean his story isn’t remarkable. Jimmy’s story starts out with a very tragic start that involves murder and family turmoil but he amazingly find...

The goal for real estate is to generate as much cash flow as possible and/or own as many doors as possible right? What if you realized the real goal is just to generate enough income to satisfy your desired lifestyle? That may seem obvious, but too often investors fixate on a high score instead of focusing on happiness. Coach Carson has previously joined us on the very first episode of The Financi...

Sometimes personal finance can just sound like a bunch of jargon. Today’s episode gives you all the foundational definitions you need to navigate your FI journey. We have episodes that dive deeper into some of these topics (linked below). But today is all about explaining the lingo you might hear on the show week to week. Some of the investing terms we discuss include: ETFs vs. Index Funds E...

Can you really retire at 27? That’s what Jon Farber  is here to talk us through today.  He was able to achieve financial freedom at 27 and leave his tech sales job via real estate. He started with house hacking, and then eventually scaled up to include a portfolio of long-term rentals and short-term rentals. He’s also dabbled in online courses and runs a real estate software business h...

If you want to make it big in real estate you need some sort of advantage, right? A big social media following, experience, connections… something. Our guest today, Soli Cayetano from Lattes and Leases , will show you how that couldn’t be further from the truth. In 2020, Soli was a senior in college trying to navigate a pandemic. She had no family in real estate, no rich uncle, and no...