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simple financial independence

Super Simple Financial Independence with Chris Mamula from Choose FI

You might think that only accountants or finance geniuses can figure out how to retire early, but this is not true. Our guest today retired at the age of 41!  Chris Mamula was a physical therapist who wasn’t excited when he thought about the future. He decided to educate himself on how to reach financial independence and he couldn’t believe how easy it was.

Chris is a husband and dad who now enjoys an adventurous lifestyle on his own terms. He blogs at Can I Retire Yet, is part of the Choose FI movement, and is also the primary author of the book Choose FI: Your Blueprint to Financial Independence.

Today he shares his super simple financial independence tactics to help you put your wealth-building on autopilot.

What You’ll Learn

  • Don’t always blindly trust a financial advisor.
  • The million-dollar mistake Chris made when he first began financial planning
  • Super Simple Financial Independence
    1. Spend less.
    2. Earn more.
    3. Invest better.
  • Cut on the biggest expenses—housing, cars, and food.
  • Where can you cut on taxes?
  • How can you eliminate investment fees?
  • Travel hacks so that you can vacation without depleting your savings or going into debt
  • How to live better while spending less
  • Lining up spending with your values
  • Moving to an area with lower cost of living
  • Chris puts 50% of his income into savings.
  • Financial self-assessment—track your spending for a month and be honest about where your money is going. Is it going toward the life you want?
  • Knowing your emotional tolerance to stock market fluctuations
  • Investing in real estate for financial independence
  • Creating your own business
  • How to get kids interested in finance
  • Personal finance doesn’t have to be overwhelming. Learn how to tackle it one simple step at a time.


MENTIONED EPISODES:

ChooseFI: Stock Market, Tax, and Retirement Hacks with Brad Barrett

Reframing Your Life for Financial Independence with Brad Barrett

All the Money You Will Ever Need with Grant Sabatier

The New Mindset for Money with Grant Sabatier


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If you’re enjoying the show, leave us an itunes reviewIf your review is chosen as the iTunes Review-of-the Week, we’ll send you the free book of your choice!

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YNAB. You Need a Budget

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Chris Mamula’s Links

Can I Retire Yet?

Amazon

Resources

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Money and Your Marriage

Money and Your Marriage with Jesse Mecham

Financial issues are one the biggest causes of divorce. Not only do money problems make life stressful, they can lead to conflicts that can damage a marriage and destroy a family. But what if you could take a few, simple steps right now to totally change your money situation? Today, we talk about money and your marriage and how you can make budgeting decisions with your spouse easily and argument-free.

Jesse Mecham is the creator of the YNAB (You Need a Budget) app. He is back on The Dad Edge to talk about how to approach the money discussion in a way that will stop friction and encourage intimacy. He outlines his 4 Money Rules to future-proof your finances and gives guidelines for trimming the fat on your expenses without feeling deprived.

After listening to this show, you will feel confident about budgeting, prepared for the unexpected, and hopeful about your dreams for the future.

“Money’s not always simple, but it can get a lot simpler.”—Jesse Mecham

Jesse Mecham

Jesse Mecham founded YNAB in 2004 to help him and his wife, Julie, watch their money. Studying for his master of accountancy at Brigham Young University at the time, he put his numbers wizardry to work to develop a system to track their expenses, and that became YNAB. He lives in Utah with Julie and his seven kids!

YNAB – You Need A Budget

You Need A Budget is award-winning software and a proven method—that works.

What really makes You Need A Budget different is that we can teach you how to manage your money and get ahead—for good.

What if your bills rolled in, and instead of piling up, you just paid them? No sweat.

What if you didn’t even realize it was payday because you had money in the bank and weren’t desperate for that check to arrive?

Forget everything you think you know about budgeting and prepare to experience total control.

Get a FREE 34 Day Trial at YNAB.com/dads

What You’ll Learn

  • A money dysfunction in your marriage is a landmine that will eventually go off.
  • You can make huge leaps in your marriage even when you think it’s already good.
  • You don’t get commitment without conflict, and you don’t get conflict without trust. You must trust your spouse enough to handle whatever you’re going to tell them.
  • On patience—increase the gap between stimulus and response and fill it with curiosity.
  • Jesse’s morning habit of reading “hard books”
  • As a couple, ask yourselves … What do you want? What are you dreaming about? Not in the distant future, but in the next few years? Most couples don’t have this conversation.
  • All the questions that used to add tons of stress are easy decisions when your visions are aligned.
  • You can feel more peace in as little as an hour and a half after you have this money talk with your spouse.
  • Do whatever you want with your money as long as it means something to you.
  • In Jesse’s experience working with men on their budgets, eating out is the easiest, most effective expense to cut.
  • Rediscover cooking at home.
  • Becoming more self-reliant to save.
  • Tip: Only budget money you have on hand. Don’t give money a job you don’t actually have yet.
  • How to pre-budget for big experiences, upcoming expenses, and emergencies.
  • How to keep your budget changeable.
  • Age your money—the dollar you spend today you should have made 30 days ago.
  • Make reviewing your budget part of your morning coffee routine.
  • Getting to where you want to be financially won’t happen overnight. Be patient with yourself.
  • 4 Rules of YNAB
    1. Give every dollar a job
    2. Embrace your true expenses
    3. Roll with the punches
    4. Age your money

MENTIONED EPISODES

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham

The New Mindset for Money with Grant Sabatier

Staring Down the Wolf with ex-Navy SEAL Mark Divine

Battling Cancer as a Dad with Hal Elrod


Leave an iTunes review.
Get a FREE book!

If you’re enjoying the show, leave us an itunes reviewIf your review is chosen as the iTunes Review-of-the Week, we’ll send you the free book of your choice!

What to do: send an email to support@gooddadproject.com notifying us about your review, your mailing address, and your choice of a guest book from our Books Page!

Thanks for the support!

CLICK HERE TO LEAVE YOUR REVIEW.


YNAB. You Need a Budget

Get your FREE Trial at YNAB.com/dads


Jesse Mecham’s Links

YNAB.com

Facebook

Twitter

Instagram

Amazon

Resources

Fill out an application for The Dad Edge Alliance

The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE BOOK HERE

Join our Dad Edge Group on Facebook

We have Dad Edge T-Shirts!  Grab one HERE

FREE chapter from THE DAD’S EDGE on UNLIMITED PATIENCE

FREE EBOOK: CONNECTION WITH YOUR SPOUSE

FREE EBOOK:  CONNECTION WITH YOUR KIDS

Follow The Dad Edge


Don’t settle for a mediocre life.

Join over 420 men becoming their best selves
in The Dad Edge Alliance.

APPLY HERE!


What did you think of the show?

What was your biggest take away?

Tag us when you share on social media!

#TheDadEdge

Twitter @gooddadprojct

Instagram @thedadedge

 

Benefits of Practicing Gratitude

The Life-Changing Benefits of Practicing Gratitude


We all go through ups and downs, and it’s easy to focus on whatever is going wrong in our lives, but being stressed and worried all the time works against us. A negative mindset literally makes us dumber! But we can shift our attitude by appreciating what we do have going for us.

Today we have on new Dad Edge Alliance member, Dwayne. He came into the group at an all-time low. His marriage was in trouble, he was in debt, and he was depressed. As he began to target all aspects of his life in the alliance, he also adopted the habit of looking at all that was going right.

Within a few months, Dwayne made incredible progress. His marriage is in a good place, he paid off 6K in debt, and is smiling again. Discover the other life-changing benefits of practicing gratitude in this short episode!

 

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Resources

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Budget for Your Goals Jesse Mecham

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham


Do you wince when you hear the word budget? It’s about as painful as the words diet or jail, but if you don’t budget for your goals now, you will never be able to enjoy life to the fullest and neither will your family. The majority of families are living paycheck to paycheck. Minor emergencies quickly send most people into debt. It’s no wonder that money issues are the number one cause of divorce.

Jesse Mecham is our guest today. He is the founder of YNAB (You Need a Budget) and is here to share his no-nonsense takeaways that will help you effortlessly budget money for everything you need and want in life. This show will outline the easy and effective way to budget for your goals so that you can live with less stress and make the most of the money your work so hard for.

You can call (a budget) whatever you want. But at the end of the day, you’re just saying 'what do I want my money to do for me?'—Jesse Mecham, founder of @ynab #finance #familyfinance #savings #debt #debtfree #money Click To Tweet

'I wanted to be a little bit in people’s face about the fact that they need a budget.'—Jesse Mecham, founder of @YNAB #budget #dads #fathers #men #family Click To Tweet

Jesse Mecham

Jesse has been married for fifteen years and has six kids! That’s right, three boys and three girls. With this size of a family, it’s no surprise he is passionate about budgeting.

Back when Jesse was still in school before finishing his masters in accounting, he and his wife Julie struggled to get by. What gave them their solid foundation and a good trajectory was that they knew their non-negotiables. Julie’s was to stay at home and raise her children. Jesse’s was to never, ever borrow money.

Jesse knew that in order to finish school without borrowing any money, he’d need an extra $350 a month to cover expenses. This vision didn’t change for a while, but these first steps to helping people budget were the beginnings of what YNAB is today.

'Once we transform our effort and time into currency, we don’t give it the attention it deserves.'—Jesse Mecham, founder of @YNAB #business #finance #work #money #savings #budget Click To Tweet

What You’ll Learn

  • The ‘YNAB’ budgeting methodology
  • What it means to ‘give every dollar a job’
  • How to discover what your true expenses are
  • How to be proactive instead of reactive about money
  • How a following a budget reduces stress and benefits your health, work, and relationships
  • Why not having enough money is almost never an income issue
  • The wrong ways couples go about money
  • How to deal with a spouse who is resistant to a budget
  • Why checking your bank balance is a poor source of information on your financial situation
  • YNABs revolutionary budgeting app
  • How the YNAB app relieves dads from being the bad guy who always have to say ‘no’ to spending
  • How budgeting can end up being fun
  • The huge monetary rewards of budgeting
  • What’s next for YNAB
  • Jesse’s dadly advice as the father of six kids!

YNAB. You Need a Budget

Get a FREE 34 Day Trial at YNAB.com/dads


We appreciate all the support!

If you’re enjoying the show, we encourage you to click here and leave an itunes review.

We read a review on the show each week. The next one could be yours!


Jesse Mecham’s Links

YNAB.com

Facebook

Twitter

Instagram

Amazon


Resources

Fill out an application for The Dad Edge Alliance

The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Create an Epic Life

join us in The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance


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Tag us when you share on social media!

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choosefi financial independence

ChooseFI: Stock Market, Tax, and Retirement Hacks with Brad Barrett

Money, money, money, money. Today, we’re talking money. Episodes on finances are always popular on The Dad Edge podcast so we know you’ll want to hear today’s guest.

Brad Barrett is the cohost of wildly popular podcast ChooseFI (Financial Independence). ChooseFI is a little over a year old and already has millions of downloads. The show has started a financial independence movement that is taking root and spreading across the globe.

The best part is that Brad Barrett is not going to bog us down with numbers and complicated strategies. Instead he gives us super simple, actionable tips that we can use today. He shares hacks on how to save more money, how to shield ourselves from taxes, and gives us specific funds to invest in to avoid the fees on our retirement that compound to massive amounts in the future.

Get off the couch and claim your financial independence!

Lose that hopelessness and take control of your life with Brad Barrett @choosefi #finance #finances #dads #men #fathers #stocks Click To Tweet

Financial Independence: ‘It’s about finding what lights you up and life.’ – Brad Barrett @choosefi #men #finance #money #financialindependence #family Click To Tweet

What You’ll Learn

  • How Brad and his wife planned their financial independence
  • How to step off the hamster wheel of money
  • How people are so overwhelmed by debt, they don’t even try to it pay off
  • What shift in mentality is necessary to achieve financial independence
  • Common family finance flaws: not having a goal, not being a team, spending to mask insecurities
  • Why it’s not so much the amount of money you make, but how you control your expenses
  • How to spend mindfully
  • Breaking up financial goals into smaller 15-20 year projects
  • The Financial Independence Equation – How much money will you need to reach financial independence?
  • How mutual funds can suck up a quarter of your retirement savings and how hiring a financial advisor to manage them can cost you half your money
  • The beauty of index funds
  • How to pay the least amount of tax possible
  • How to max out pre-tax buckets
  • Why the HSA (Health Savings Account) is a magic account
  • The ETFs and Index Funds you should be putting your money into now

'In the @chooseFI community, we control what we can control.' – Brad Barrett #finance #money #investment #retirement #financialindependence Click To Tweet


YNAB. You Need a Budget

Get a FREE 34 Day Trial at YNAB.com/dads


We appreciate all the support!

If you’re enjoying the show, we encourage you to leave an itunes review.

We read a review on the show each week. The next one could be yours!


Brad Barrett’s Links

Choosefi

Facebook

Twitter

Instagram

iTunes

The Pillars FI

The Why of FI


Resources

The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance


Tag us when you share on social media!

Twitter @gooddadprojct

Instagram @good_dad_project

What did you think of the show?

What was the biggest take away?