Choosing FI, with Brad Barrett - E54

Choosing FI, with Brad Barrett - E54

Author: Jesse Cramer May 10, 2023 Duration: 1:17:46

Today, we explore the concept of FIRE, a community of individuals dedicated to the principles of achieving financial independence and early retirement. 

 

Jesse plays devil's advocate against FIRE, dives into the nuance of the 4% rule (a widely misunderstood concept in the FIRE community), and demonstrates how to shape financial independence to work for your personal goals.

 

Then, Brad Barrett, the host of the popular personal finance podcast Choose FI, joins Jesse to cover the objective numbers when it comes to achieving financial independence before traditional retirement and why pursuing financial independence may be worthwhile even if you don't reach full FIRE. 

 

Mentions:

Wade Pfau's Updated Trinity Study: https://www.forbes.com/sites/wadepfau/2018/01/16/the-trinity-study-and-portfolio-success-rates-updated-to-2018/?sh=18e5e1946860

 

The Origin of the 4% Rule: https://www.fa-mag.com/news/choosing-the-highest--safe--withdrawal-rate-at-retirement-57731.html

 

Mr Money Mustache's Shockingly Simple Math: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

 

Die with Zero: https://amzn.to/3LTxmh5

 

FIRE Starter: A Brief Intro to Personal Finance's Hot New Acronym: https://bestinterest.blog/fire-starter-a-brief-intro-to-personal-finances-hot-new-acronym/

 

You're Probably Using the 4% Rule All Wrong: https://bestinterest.blog/the-4-percent-rule/

 

How to Retire Decades Early: https://bestinterest.blog/how-to-retire-decades-early/

 

Choose FI Podcast: https://www.choosefi.com/

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 100

Personal Finance for Long-Term Investors
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