In this episode: changing your mindset, starting FI at 50, the pros and cons of starting late, and facing your faults.

We always say on this show that FI is for everyone, but our guests Becky Heptig and Bill Yount really embody this message. As hosts of the "Catching Up to FI" podcast, Becky and Bill are a fantastic resource for those who have found FI later in life and still would like to give it a go despite the delayed start! While FI looks different for everyone and can be influenced by when you start, we agree with Bill and Becky in saying becoming intentional with your finances is always a positive decision, no matter when you do it in life. Although your path may look different from those who started earlier, you would still be taking steps to better your life inside and around your finances. Perfection isn't the goal, improvement is what we strive for, and a positive step is still a step in the right direction!

Becky Heptig & Bill Yount:

Website: catchinguptofi.com
Podcast: Catching Up to FI
Facebook: Catching Up to FI Facebook Group

Timestamps:

1:10 - Introduction
4:29 - Changing Your Mindset and Facing Your Faults
14:32 - Taking Late Action
21:34 - Getting Stuck and Overcoming It
24:28 - Starting FI at 50
33:25 - Is It Ever Too Late To Start FI?
40:00 - The Pros and Cons of Starting Late
44:45 - The Growth of Those Catching Up to FI
48:22 - Conclusion

Resources Mentioned In Today’s Episode:

Is It Too Late? | Becky Heptig | ChooseFI Ep. 152
The Shockingly Simple Math Behind Early Retirement
Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs | Sean Mullaney | ChooseFI Ep 447
Dave Ramsey
JL Collins
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More Helpful Links and Resources:

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Keep learning or start a new side hustle with one of our educational courses
Commission-Free Investing with M1 Finance

450 | Catching up to FI | Becky Heptig & Bill Yount

ChooseFI | Financial Independence Podcast

450 | Catching up to FI | Becky Heptig & Bill Yount