Why are you chasing financial independence?
It could be living a more adventurous life filled with travel or doing work you love, regardless of the pay. Whatever your dream looks like, it probably comes down to two things: freedom and flexibility.
We want to be in the driver’s seat of our lives. And we know money is one of the biggest obstacles standing in the way. So we save, invest, and make sacrifices now, hoping it’ll give us more control over our choices later.
But let’s be honest, it can feel like a grind. And sometimes, we want to enjoy more freedom now, not just someday. So... is it possible to live a FI life without the FI bank account?
Jess from The Fioneers says yes. As you move through your financial independence journey, you unlock more freedom. All of the freedom doesn’t magically happen after you hit your FIRE number; it happens along the way.
In today’s episode, Jess breaks down the five stages of FI, what kind of freedom comes with each one, lifestyle shifts to consider, and common traps that could leave you stuck in one of the stages. Jess shares a lot of alternative paths to financial independence that balance enjoying the moment while setting up your future self.
Let’s get into it. I hope you enjoy my conversation with the sourdough maker and pioneer of SlowFI…Jess from the Fioneers.
Key Takeaways:
- How to use the incremental freedom you gain as you get closer to FI
- Adopting a SlowFI mindset
- 5 stages of FI
- Why you’ll spend less than you think in CoastFI
- Creating memories in van life
More of Jess:
CoastFI Calculator: https://thefioneers.com/free-resources/
More of FI Minded:
Email Justin at Justin@FIMinded.com
Connect with Justin on LinkedIn: https://www.linkedin.com/in/justinleepeters/
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!