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financial independence

Reframing Your Life for Financial Independence with Brad Barrett


Do finances stress you out? You’re not alone. Most of us aren’t clear about what we have to do to achieve financial independence. The average 50-year-old has about 50K in savings. Most millennials are not saving at all. The majority of family households don’t even have a budget to know what they’re spending on.

Money problems wreak havoc on our physical and mental wellbeing as well as our relationships. The best time to take control and be intentional about financial independence is right now.

Financial legend, Brad Barrett, returns to The Dad Edge. He’s the cohost of the Choose FI Podcast, the co-author of Choose FI: Your Blueprint to Financial Independence, and cofounder of a financial independence movement that has spread worldwide.

Brad went from being a full-time CPA to retired and financially independent at the age of 35. Now he empowers others to design their paths to financial independence.

Today, Brad gives us simple, actionable steps you can take right now to cut expenses, save money, and build wealth without feeling deprived. He also talks about how to get your spouse in on the game to use your financial plan to bring you closer.

It’s not about what you’ll be giving up, it’s about making your life better. Don’t waste another day or another cent. It’s time to build a lifestyle according to what you value most.

Brad Barrett

Brad and his wife are both Virginia Certified Public Accountants (CPAs) and find themselves constantly looking for new strategies to make their lives less stressful and more financially secure.

Brad lives for finding smart and creative life hacks to make their lives easier and he looks forward to helping others do the same in in their lives on the path to financial independence.

Brad is passionate about everything from saving money, to living a more healthy lifestyle, to ‘boring’ things like tracking your finances and cutting down on your tax bill. But his favorite topic is leveraging credit card rewards to save more money, and take trips you never would have dreamed possible for pennies on the dollar.

What You’ll Learn

  • Living a life of intentionality with freedom as your goal
  • How to reframe and anchor to a 15-20 year working life instead of the traditional retirement age.
  • If you look at saving and budgeting as deprivation, you’re going to be bitterly unhappy.
  • Life is an experiment. Find out what makes you happy and what helps you interact best with your wife and kids.
  • How to figure out what you value.
  • Why you should never sacrifice date nights with your wife.
  • Cutting back in less important areas allows you to spend lavishly on the things you really value.
  • Cutting expenses on housing, food, and transportation
  • Brad’s $2 per person per meal family dinner plan.
  • Preparing food in advance to avoid scrambling for take-out or ready-to-eat food.
  • How intentionality and planning saves both money and time.
  • Having happy hour with your spouse at home to save the huge bar tab.
  • How FI can bring you closer together as a couple, turning life into a game you play together.
  • How to live the same middle-class life as everyone else without being chained to a job.
  • The FIRST STEP: Get an honest understanding of what’s going on in your finances.
  • Face your mistakes. Put your financial failures on paper without beating yourself up about it.
  • How the money story that comes from our childhoods affects us as adults
  • Think about what kind of security you need. Each person is different.
  • Sit with your spouse. Ask yourselves, what do you want your lives to look like, and is your current budget going to get you there?
  • Hiding or avoiding talking about your financial habits with your spouse is destructive. You don’t want to be enemies. You want to be teammates.
  • Make decisions and take action. It doesn’t help to learn of you don’t act on the information.
  • In the beginning, the easiest way to begin to save money is decide what to cut, like subscriptions you don’t really use.
  • Bolder steps you can take like moving to a less expensive city or selling your car.
  • Reframe your budget mindset as a path to a better life.
  • Think about how you can earn more—start a side hustle, ask for a raise at your current job, or add to your education and skills.
  • Get easy quick wins that will inspire you to do more.
  • Think about how much less stressful your life would be if you knew you had a few thousand in the bank as a cushion. You don’t have to take crap from your job when you have enough money saved up.
  • It’s not about deprivation, it’s about making your life better.

RELATED EPISODES:

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

All the Money You Will Ever Need with Grant Sabatier

Choose FI Podcast with Larry Hagner


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Brad Barrett’s Links

Choosefi

Facebook

Twitter

Instagram

Free travel rewards course: http://choosefi.com/travel

Find a local Choose FI group: https://apps.choosefi.com/local-groups/

Resources

Fill out an application for The Dad Edge Alliance

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How to Start When You're Stuck Jason Womack

How to Start When You’re Stuck with Jason Womack


Today’s show is going to ramp you up! Jason Womack is an executive coach and bestselling author of Your Best Just Got Better and Get Momentum: How to Start When You’re Stuck.

He’s going to talk about why men are so good at starting things but not finishing them, and how to surround yourself with people who will instantly rocket you to where want to go.

He also shares two of his forward thinking tools that will completely blow your mind and crush the limited view you have of your future.

You show up, you do good work, and you stay in touch.

Jason Womack

Jason Womack is a force of energy. He is a speaker, coach, and author advising leaders worldwide. He invests his time, energy and focus serving as an agent of change. He is now a Professor of Leadership studies for the US Air Force

Jason Womack is not a father, but he does have advice that will alter every dad’s view of their future and how to prime ourselves for huge opportunities and experiences beyond our wildest dreams.

I’ve got to give myself the gift of my own attention.

What You’ll Learn

  • How to create the right conditions for success
  • How to be prepared to do the good work
  • How to differentiate yourself from others
  • Why it’s crucial to take care of ourselves—Chaos, surprise, and opportunities are coming you won’t be able to take advantage of it if you are not 100%
  • What you can do to be ready to before you need to get ready
  • The big 3 of self-care – Rest, Movement, and Nutrition and what they really mean
  • How to track your behavior and results and do objective/subjective analysis
  • Advice for men who feel guilty for spending time and money on self-care
  • Why journaling is important to your future
  • Stop judging until you journal for 6 months
  • Prove that who you were before was better than who you are today
  • Why you don’t realize how much you ARE growing through time (The Zeigarnik effect)
  • Why it’s better to control your direction instead of focusing a definitive goal
  • Two-way analysis
    • Past to present – Where you were and where you are now
    • Future to present – Where you are going to be and how you are going to put yourself on that course
  • Jason’s 2 powerful forward-thinking tools
    • 30-30 rule
    • Ideal Day Process
  • How to backfill the time the Universe gives you
  • How people limit themselves by what they think is possible
  • Write down what’s impossible, and it may drop in your lap
  • Larry’s live example of how to do the Ideal Day Process
  • Why Jason writes with his non-dominant hand
  • How to open up your consciousness to let new information in
  • If you want to change your health, wealth, or relationships, hang out and ask the person who has what you want
  • Why American men don’t ask for help
  • The moment you start hanging out with someone who is where you want to be, your life already changes
  • How to build your team
  • How to keep momentum
  • Not start stop and judge
  • What do you want to be known for?
  • Why awkward eye contact and vulnerability will change the world
  • Why cognitive diversity is the gateway to a better future
  • You don’t want likeminded men on your team, but those who think differently than you
  • Personal development advice – drop what doesn’t work for you, pick up what does, and make it your own
  • How to stop “shoulding” on yourself
  • Why practice does not make perfect – it makes it comfortable, normal, and accepted
  • Why and how to share what you’re working on
  • If you do not walk in armed with what you already unconsciously want, then you’re just going to listen to someone else and what they did and how they did
  • The fear of success and the thoughts that hold us back e.g. Don’t want more than you have. Share with everyone else. Who are you to want that?
  • Why we don’t finish what we start
  • What to do when you’re stuck
  • Clearing out ‘shoulds’ that are getting your way
  • Focusing on rituals and measuring results

Change who you spend time with and you’ll change your life.


Like the show? Leave an iTunes review.

If you’re enjoying the show, we encourage you to leave an itunes review.
We read reviews on the show every week. The next one might be yours!
Thanks for the support.

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Jason Womack’s links

Website

Twitter

jason@getmomentum.com

Resources

Fill out an application for The Dad Edge Alliance

Grab a copy of 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


Hungry for more out of life?

Become a member of The Dad Edge Alliance

APPLY HERE!

the dad edge alliance


Learn More About Our Live Event!

June 6th – 8th 2019

CLICK 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