Fire Drill show

Fire Drill

Summary: Personal Finance Podcast of the Year Finalist. Join hosts Gwen & J on FIRE Drill podcast where they interview guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. Saving on travel, Mr. Money Mustache, Tim Ferriss and all things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with firedrill podcast.

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  • Artist: Gwen & J: Two millennials on the path to financial independence
  • Copyright: © FIRE Drill Podcast


 How I Negotiated My Position to Work From Home | Modest Millionaires | File Type: audio/mpeg | Duration: 37:56

Have you ever tried negotiating for more flexibility at the workplace? That's exactly what Ms Mod did: she presented a proposal for better policies, and was able to negotiate with her employer to work from home for the same pay and benefits. She's also halfway on her path to FI and is mortgage free! You'll love her story. We also chat about... Ms Mod's path to FI How she got started with her career Negotiating flexibility How to present a policy proposal The Canadian path to FI Taking out money to pay off a mortgage For show notes and takeaways:

 Making a Full Time Income Selling Lesson Plans | April Smith | File Type: audio/mpeg | Duration: 54:17

Ever heard of a teacher version of Etsy? April Smith makes a full time income from her side hustle selling digital downloads on Teachers Pay Teachers, a marketplace for teachers to buy and sell lesson plans. She talks to us about her side hustle journey, how she got started and how she designs and markets her lesson plans. You'll love that story. We also chat about... Making the decision to leave a teaching job April's financial journey from debt to financial freedom How she got started selling lesson plans The types of lesson plans she sells How she decides what to invest back into the business Marketing and sales strategies Juggling twins and travel For show notes and takeaways:

 How a Physician is Planning on Reaching FI | Doc of all Tradez | File Type: audio/mpeg | Duration: 52:26

What is the best way a physician can reach FIRE? In this episode J talks to Jesse, a physician who is set to FIRE in 10 years. He is currently 43 with 3 children, and talks to us about his different lifestyle changes, his investment strategies and negotiation advice. You'll love that story. We also chat about... His plan and timeline for FI and his children's education The ethics of retiring early as a physician How he cut back on hours His plan on international travel Rebalancing his portfolio and his investment strategy How to negotiate from above For show notes and takeaways:

 FIRE Drill’s 3 Big Announcements | File Type: audio/mpeg | Duration: 32:45

Today's episode has 3 big announcements!

 Our FI Gap Year Travelling Across the US | Money Metagame | File Type: audio/mpeg | Duration: 35:11

Ever considered taking a gap year right in the middle of your career? That's exactly what Becky and Noah did. We interviewed them before they went off on their 1 year road trip round the United States, and now they tell us how it went, their takeaways and plans for their future. You'll love their story. We also chat about... What surprised them about their trip Their advice to others who want to take a gap year Getting back into the workforce after a gap year Why they didn't try to start any new business ventures Why they chose California For show notes and takeaways:

 How I Reached FI Without Saving 25 x My Annual Expenses | JT | File Type: audio/mpeg | Duration: 34:25

Most early retirees will tell you that you'll most likely still make money even after retire. That's why JT decided he didn't need to reach the full 25 times his annual expense in order to quit his job and enjoy being with his family. Instead he has a runway for several years and is working on land investing to produce his main income. You'll love his story. We also chat about... Reaching FI with 4 kids The runway approach to FI JT's current assets How paternity leave gave him a taste of FI Land investing as an income  His healthcare strategy For show notes and takeaways:

 How Negotiating Boosted My Income to a 6 Figure Salary | Financial Mechanic | File Type: audio/mpeg | Duration: 47:24

How many times were you in a position to negotiate your salary? Financial Mechanic is a software engineer at the age of 25. She's negotiated for her salary several times which has boosted her income into the impressive 6 figures. She's now on her track to reach FI at the age of 32. You'll love her story. We also chat about... How to get a job in software engineering How she applied to jobs Why she wants to reach FI Her timeline for the next few years How negotiating booster her income to 6 figures Her love for travel For show notes and takeaways:

 How to Focus on Your Career to Reach FIRE | Stop Ironing Shirts | File Type: audio/mpeg | Duration: 28:00

One FI strategy is focus hard on your own career to fast track your path to FI. Robert worked for the same company for 15 years, which allowed him to get multiple promotions, become a leader at a young age and retire early at the age of 36. He worked in sales and thanks to a good boss and network, he was able to move up the corporate ladder to eventually reach FI.  You'll love his story. We also chat about... How to quit your job Why working in sales makes promotions easier Optimising your career to reach FI Negotiating your promotion Robert's plans after leaving his job completely For show notes and takeaways:

 Planning for a Family and FIRE | File Type: audio/mpeg | Duration: 55:20

Reaching FI and preparing for kids at the same time sometimes doesn't go as planned. In this episode we hear tips and tricks from our community on planning for children, the different options LGBTQ couples have and advice when it comes to paternity leave. You'll love this episode. We also chat about... Family timing and tips Why it can be dangerous to wait too long The different options LGBTQ couples have Why you should divide your paternity leave Working as a stay at home Dad For show notes and takeaways:

 How I Grew My Etsy Shop to 39,000 Sales | Paper Lark Designs | File Type: audio/mpeg | Duration: 38:50

Imagine making 39,000 sales through your Etsy shop. That's exactly what Alys Maley has made in total since she started selling digital products through her Etsy shop. She went from a full time job as a designer to working from home and earning even more through her side hustle, allowing her husband to also leave his job. You'll love her story. We also chat about... Her career as a designer Her initial investments Her journey getting to 39,000 sales Advice to those getting started How to manage clients For show notes and takeaways:

 Using House-Hacking to Get out of $100,000 in Debt | Even Steven Money | File Type: audio/mpeg | Duration: 38:28

Spend based on your values rather than your wants. This is what Steve does with his money, his values being his wife, happiness, travelling, health and fitness. By focusing his money on the right things he was able to pay off over $100,000 in debt, house hack and reach his own level of freedom before even reaching FI. You'll love his story We also chat about... The moment Steve realised he needed to fix his finances How him and his wife house hacked their mortgage Moving from Chicago to Miami Spending based on values rather than wants His future FI goals The FI levers he's taking advantage ofCan everyone achieve FI? For show notes and takeaways:

 Can FI be Bad for Your Mental Health? | Hillary Wallace | File Type: audio/mpeg | Duration: 49:15

Have you ever felt that pursuing FI affected your mental health negatively? Today we talk to Hillary, who struggled with anxiety and depression in her younger years and has worked with therapists to improve her mental health. She is also on her journey to FI, but does not sacrifice her mental wellbeing for financial independence. You'll love her story. We also chat about... Hillary's background Doing therapy online When is it time to see a therapist? What to do as a friend Gwen and J's experiences in mental health The importance of setting boundaries

 Being Financially Independent as a Team | Can I Retire Yet? | File Type: audio/mpeg | Duration: 35:21

What will you with your time once you retire early?  We know you've wanted to hear more from early retirees, so today we interview Chris, who retired at the age of 41 after working for 15 years as a physical therapist, and now lives in Utah with his wife and daughter. You'll love his story. We also chat about... His job as a physical therapist His emotions when leaving his job Moving from Pennsylvania to Utah What he's currently doing with his time Figuring out the healthcare situation His plans for the future

 The Great Mortgage Payoff Debate | File Type: audio/mpeg | Duration: 46:16

Do you believe in paying off your mortgage? Or using that money to invest in the stock market? Or a hybrid approach? In this episode we do a big debate on whether paying off your mortgage really is the right thing to do. We get some interesting voicemails from both sides of the debate, as well as some messages from the community! You'll love how interesting it gets. We also chat about... Updates from Gwen and J Voicemails for and against paying off your mortgage Gwen and J's personal take The hybrid approach Opinions from the community For show notes and takeaways:

 My Journey Teaching in China to Freelance Writing in the US | Sarah Li Cain | File Type: audio/mpeg | Duration: 35:00

Want a career that involves travel? Teaching offers exactly that. Sarah was born a traveller and knew she wanted to have a career that took her across the globe ever since she was a kid. She went into teaching and moved to China, where the low cost of living made it easy to save and travel. She then grew her side hustle of freelance writing to her full time gig and moved to the US with her husband and baby boy. You'll love her story. We also chat about... Advice for others interested in teaching overseas What it was like to give birth overseas Teaching overseas in China How she planned moving to the US How she grew her freelance writing side hustle to her full time job The importance of setting boundaries Her current FI goals For show notes and takeaways:


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