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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

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


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

==>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


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APPLY HERE!

 


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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


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!

Twitter @gooddadprojct

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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?

Money Mindset

Changing Your Money Mindset

What does the word ‘budget’ bring to mind? It’s about as fun as the word ‘diet.’ We think of sacrifice. We think of depriving ourselves. We think of boredom. But what if you could change your money mindset so that living on a budget is something that you and your family can be passionate about?

It’s possible, and in this episode of Thursday Throwdown, we have one of our Dad Edge Alliance members on to tell us how he paid off a huge debt and how he and his family have changed their money mindset so that they enjoy budgeting for their financial goals together.

How to rethink a budget so that it’s not about what you can’t have, but what you will gain. #dads #men #fathers #finance #familygoals Click To Tweet

 


We appreciate all the support!

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!


THE DAD EDGE SUMMIT 2018

JUNE 7TH – 9TH – ST. LOUIS

Are you an extraordinary father looking to accelerate in all aspects of your life?
Are you looking to connect to like-minded Dads that want to come together to strengthen and grow in their abilities both personally and professionally?
The Dad Edge 2018 Summit (Live Event) will set you up to do exactly that.

LEARN MORE


 Resources

==>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


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

TT 86 - Building Wealth How to Grow Money

Building Wealth: How to Grow Money

Today we’re going to talk about not just saving money, but building wealth. It’s easy to get caught up in daily life and neglect strategizing for the future, but if we don’t start actively building wealth now, we will be in trouble later in life. Here are five tips that will give you a solid foundation to build on.

Check out these 5 tips to start growing your money right now! #money #finance #men #fathers #dads Click To Tweet
  1. Automate retirement savings – We are 82% more likely to save for retirement if it’s automated. 10-20% of your pay needs to go into your retirement.
  2. Take advantage of company matching – If you can’t afford to put in your 401K the 10-20%, at least put in whatever your company matches. Don’t pass up free money from your job!
  3. Think outside your 9 to 5 -You don’t want to rely on your current job for 100% of your revenue. Get some side hustles going. Diversify.
  4. Pay yourself first – Take care of your primary needs before paying for extras.
  5. Invest in YOU! – We spend money on all kinds of stuff, but rarely splurge on something that will improve ourselves. Don’t scrimp when it comes to a personal development book, online course, or coaching. Most of important of all, don’t feel guilty for time and money spent on yourself.

Reminder: We are changing the name of the podcast to the Dad Edge Podcast. There will be no change in the content, podcast subscriptions, or the website. You’ll just see the new show name and logo for 2018. Let us know what you think of it!

 

 

We appreciate all the support!

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

RELATED EPISODES:

Quick Wins for Big Money with Scott Alan Turner

The Power of a Side Hustle with Matt Miller


Resources

==>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


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance