In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values.

This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life, once you have that freedom, take advantage of it like the Allen’s have!

Timestamps:

1:25 – Introduction/The FI Mindset
9:02 – Budgeting/Wants and Needs
14:59 – Side Hustles
21:02 – Financial Literacy to FI
23:29 – Tax Planning/Travel Rewards
29:11 – College Hacking
42:05 – Living Your Values and Taking Time Off
48:39 – The Importance of Knowing the Rules
53:48 – Traveling Like a Pro
69:25 – Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and FI Resources:

Top 10 Recommended Travel Rewards Credit Cards
Empower: Free Dashboard to Track Your Finances
CIT Bank Platinum Savings Account
M1 Finance: Commission-Free Investing, 1-click rebalancing
CashFreely: Maximize Your Cash Back Rewards
Travel Freely: Track all your rewards cards and points
Emergency Binder: For Your Family’s Essential Info (code ‘CHOOSEFI’ for 20% off)
Student Loan Planner: Custom Consult (with $100 Discount)
Get a cheaper phone plan with Mint Mobile

484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

ChooseFI | Financial Independence Podcast

484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen