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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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YNAB. You Need a Budget

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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

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Check out this free resource on: CONNECTION WITH YOUR SPOUSE

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Raising Financially Responsible Kids

Raising Financially Responsible Kids

Money is a generational issue. Most of us weren’t taught it, our parents weren’t taught it, and our grandparents weren’t taught it. Unless we break the pattern, our kids will have the same issues, overspending on credit cards and not investing enough to provide a secure future.

What lessons are you teaching your kids about money?

What about personal accountability, savings, and investing?

How do they see you spend money?

There is a balance between money management and enjoying life. We don’t have to teach a scarcity mindset for our kids to be money smart.

Today we talk to a special guest who tells us his dad’s approach to raising financially responsible kids and how it made him leagues ahead of his peers of the same age.

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


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The YNAB app. You Need a Budget

Get a FREE 2 Month Trial at YNAB.com/dads


Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== 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 new 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 one of the 330 men of The Dad Edge Alliance

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Learn More About Our Live Event!

June 6th – 8th 2019

ONLY A FEW SPOTS LEFT!

CLICK HERE.


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Optimizing Your Personal Relationship with Money — Exclusive Dad Edge Alliance Q&A with Grant Sabatier

Optimizing Your Personal Relationship with Money — Exclusive Dad Edge Alliance Q&A with Grant Sabatier

Our traditional mindset about money is one of scarcity. We believe we have to sacrifice and deprive ourselves of the things that give us the most joy. We budget the fun out of life. Money problems cause anxiety, depression, divorce, and even suicide. But in this day and age, our relationship with money no longer has to be this way.

Today we have an exclusive 90-minute Dad Edge Alliance Q&A with Monday’s guest, Grant Sabatier. He has just released his book, Financial Freedom: A proven path to all the money you will ever need and is here to transform your perspective about finance and talk about optimizing your personal relationship with money.

MENTIONED EPISODES:

All the Money You Will Ever Need with Grant Sabatier

Get Lit: Forget the Pressure to Find Your Why with Dominick Quartuccio

How to Commit to Life Goals the Navy SEAL Way with Thom Shea

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

millennialmoney.com

financialfreedombook.com

Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== 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 new 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!


Learn More About Our Live Event!

June 5th – 8th 2019

CLICK HERE.


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how to start investing in real estate

How to Quit Your Job in 12 Months Part 2 with Ryan Enk

Ryan Enk from CashflowDadlife is back on the show for Part 2 of our series on how to start investing in real estate with little money and no experience.

Ryan helps people achieve financial freedom in one year or less using creative, under-the-radar real estate investment strategies that have huge money-making potential.

Today we talk about how to conquer the fear mindset when real estate investing, how knowledge decreases our investment risk, and how to make the most of the unknown and untapped financial resources that we all have available to us.

Ryan also tells us about his new book, The 7 Day Real Estate Survival Blueprint. The moves Ryan shares in this episode might make your head explode a little bit, so make sure you download it to listen again later.

'The problem is not a lack of resources. The problem is not being resourceful.'—Ryan Enk @cashflowdadlife #dads #men #fathers #realestate #investing #financialfreedom Click To Tweet

Ryan Enk

If you listened to Part 1 of this series on passive income real estate investing, then you know that Ryan Enk began his journey into real estate investing after hurricane Katrina left him and his pregnant wife without a home and completely broke.

Ryan started real estate investing with little money and no knowledge about real estate, but he was determined to get out of his unfulfilling job and achieve financial freedom. Ryan summoned all his gifts and talents and combined them with all the knowledge and resources at his disposal. In just 12 months, he quit his job.

Now Ryan Enk shares his creative strategies so that other men starting from the bottom can also achieve financial freedom in a year or less!

What You’ll Learn

  • What the most common perceived risks are, like:
    • Market downturns
    • Tenant damage
    • Unpaid rent
  • How to never lose money real estate investing
  • How to tell the difference between a legitimate fear and an excuse
  • How to buy a home using credit cards
  • How to lower risk when leasing a home by “becoming the bank”
  • The other benefits of owner financing
  • How to find out where all the best real estate investing opportunities are in your area
  • How to set up your passive income system
  • What is wholesaling and how it works
  • What is a sandwich lease option and how to set it up
  • A financial freedom strategy for the man in a tight spot financially
  • A financial freedom strategy for high-earners who don’t have time to learn real estate investing
  • How to tap into your existing network to find real estate deals
  • His new new book that outlines how to supercharge your way to $10,000 over the next 30 days
  • Ryan Enk’s message for people who are still undecided about starting in real estate investing
'The coolest things you can do in real estate, you can do without the banks.'—Ryan Enk @cashflowdadlife #realestate #investing #homes #finance #money #dads #fathers #fi Click To Tweet

LISTEN TO PART 1:
How to Quit Your Job in 12 Months with Ryan Enk

 

real estate investing

GET RYAN’S BOOK FOR FREE

Get The 7 Day Step by Step Battle Plan
to Make $10,000 Out of Nothing
in Less Than a Month.
(Just Cover SHIPPING!)

CashflowDadlife.com/dadedgeinvesting

 


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Ryan Enks’s Links

cashflowdadlife.com

Facebook

Twitter

Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== 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 new 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?

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KIDS AND ALLOWANCE

Kids and Allowance: Money-Smart Habits in Action


In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads.

He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic.

He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance!

These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids.

When kids are the stewards of their own money, they become discerning, proactive, and empowered. #parenting #kids #children #chores #allowance #money #finance Click To Tweet

RELATED EPISODES:

How to Raise Money-Empowered Kids with John Lanza

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


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.

CLICK HERE.


Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== 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 new 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

 


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 @good_dad_project