Fire Drill

Another amazing FinCon meetup! Today we talk a lot about FinCon, the Plutus Awards, an update on our lives and some great community wins and achievements. We also get some calls from guests who were on our show some while back. Some great side-hustle stories and resources shared! You'll enjoy our little chat.  We also chat about... FireDRILL nominations and awards Life updates on our side hustles Some amazing wins from the community Calls from previous guests on the podcast For show notes and takeaways: https://www.firedrillpodcast.com/fincon-community-wins-and-firedrill-plans

It's not easy deciding where to put your money as an early retiree... Big Ern tells us where he puts his! Carston (aka Big Ern) retired this year in June and is currently in his forties. After working in finance and saving up, he has quite a few ideas on where to put his money to keep it safe: real estate, options and of course, index funds.  You'll love his story and will probably learn an interesting investing strategy! We also chat about... How does it feel to be retired His travels and plans The 4% rule His alternative investment strategy Becoming an accredited investor For show notes and takeaways: https://www.firedrillpodcast.com/crowdfunding-real-estate-early-retirement

Everyone glorifies the digital nomad. But what does it really mean to be travelling and working around the world? Today we interview Sharon, who quit her job and started living the digital nomad life for 2 years. She managed to build a passive income of $4,000/month and explore Europe, Asia and parts of North America. She then decided to go back to the Bay Area and get a job again, so she could focus more on her online businesses You'll love how refreshing this story is. We also chat about... Finding a balance between work and travel How much it costs to travel The reality of the digital nomad The network she made Her different income streams Her current focus on future goals For show notes and takeaways: https://www.firedrillpodcast.com/digital-nomad-passive-income

Have you ever looked at FI through the lens of the LGBTQ community? BBR and her partner are part of the community and have some extra hurdles to get through on their journey to FI. We touch on issues such as pregnancy, marriage, healthcare and multi-generational households. You'll love the angle this story takes. We also chat about... How to save up for a pregnancy The LGBTQ experience with healthcare Sharing FIRE goals with your partner Multi-generational households For show notes and takeaways: https://www.firedrillpodcast.com/fire-within-lgbtq-community

Have you ever thought about dumpster diving?  Do you think the only people who dumpster dive are homeless or super poor? Well, there's a whole subculture of people out there who don't fit those stereotypes. They're called "freegans" and want to make the world a more sustainable place.  Laura is a dumpster diver. In Laura's world, few things go to waste and that's the way she wants it! She dumpster dives for food, goods discarded from local thrift shops and even plants! She then uses the items in the course of her daily life or resells the objects she can't use.  You'll come away with a whole new opinion on dumpster diving after listening to this episode! We also chat about... -how to turn wilted greens into farm fresh eggs -regenerative practices -socially responsible investing Enjoy this chat with Laura, and please subscribe to us in iTunes if you enjoyed it!

Would you be able to pay off $200,000 of your mortgage in 5 years? Julian discovered FIRE in Graduate school, and this is what pushed him and his wife to pay off their debt in such a short time-frame. They are very disciplined, although they always allow space for luxuries. They currently use rental properties and a very high savings rate to reach their FI goal. You'll love how inspiring that story is. We also chat about... Their ideal FIRE journey Their budget and luxuries they allow How they use real estate to increase their wealth How they cook regularly The obstacles when talking about FIRE within the African American community For show notes and takeaways: https://www.firedrillpodcast.com/how-paid-off-mortgage-5-years

Real estate is the golden key to passive income. How can you use it to reach FI? Chad Carson got started with real estate right out of college. Him and his business partner started flipping houses and securing good deals on houses. Now he owns 90 properties and does amazing mini-retirements (in Ecuador!) while teaching others about real estate on his blog. You'll how interesting his story is. We also chat about... Why and how you should treat real estate like a business How Chad picks houses How he got to FI What he manages currently Chad's 17 months in Ecuador Medical costs overseas For show notes and takeaways: https://www.firedrillpodcast.com/reaching-fi-with-real-estate

A myth about the people going after financial independence is that they're all dudes in high paying tech jobs.  Penny defies all those stereotypes. Her and her husband are teachers on the path to financial independence. It's almost as far from high paid tech bro as you can get! They live simply and cheaply after getting their finances off on the wrong foot. Literally. Penny had a problem buying designer shoes.  In this episode she covers their shift in mindset about their finances, their debt pay down strategies, how much debt they've paid off so far, and how they're living simply to do so.  You'll love their story! We also chat about... Mindful consumerism Funny looking veggies Low cost cell carriers Penny's timeline to FIRE Enjoy this chat with Penny, and please subscribe to us in iTunes if you enjoyed it!

Kristin decided the rent of her apartment was too high and started living in a car with her partner. They used the gym for showers and wifi and had storage for clothes and food. Now she lives on a sailboat and uses her van to travel all over the US. A very inspiring story that you'll definitely want to hear more about. We also chat about... Kristin's story Why and how she started living in her car How she makes money online Her different income streams including house sitting and freelance writing Her goals for the future For show notes and takeaways: https://www.firedrillpodcast.com/digital-nomading-sailboat-wayward-home

Justin went from hard-working civil engineer to hard-working stay at home dad by the age of 33.  He had dreams of one day being a lawyer and quickly realized he liked engineering better. While he did like engineering, he also really enjoyed staying home with his growing family. He and his wife did the math and realized they could make it happen in just a few short years.  The rest, as they say, is history.  We also chat about... what the true definition of retirement is Justin's net worth  their portfolio allocation what their kids think of FIRE Enjoy this chat with Justin, and please subscribe to us in iTunes if you enjoyed it!

Did you know doing Facebook ads for other companies is one of the fastest ways to make money freelancing? Mike built his own $100k company starting with his own fitness business and then as a Facebook ads freelancer. He now manages several businesses and creates courses so others can earn money doing what he does. He is also a stay at home dad and has big dreams to own and live in a winery.  You'll love how inspiring his hustle story is! We also chat about... Mike's background How he decided to be a stay at home Dad How he started freelancing How to get started with Facebook Ads His thoughts on FIRE as an entrepreneur.  For show notes and takeaways: https://www.firedrillpodcast.com/build-freelance-dream-facebook-ads

Alex was stuck. She hated her job and couldn't stand to be at her cubicle one more second, but she had bills to pay. One day, she realized she could turn her side hustle into her full-time hustle..... and quit the very next day. Her side hustle? Doing paperwork for others like writing press releases through Fiverr! Since then, she's learned a ton and made more money than she ever could have dreamed of! We welcome her to FIRE Drill Podcast to share her insights on how to hustle on Fiverr. You'll be inspired by her story! Enjoy this chat with Alex, and please subscribe to us in iTunes if you enjoyed it! Show notes can be found at https://firedrillpodcast.com/alex-fiverr/

Quitting your day job to start your own business sounds risky... but what if you have a cushion? Today we interview Chelsea from Mama Fish Saves, an ex-portfolio manager who started in the finance world and now manages her own online business along with raising two kids. You'll love how inspiring and interesting her story is We also chat about... How Chelsea got a job with Goldman Sachs The difficulty of having kids along with a demanding day job The identity crisis The importance of having a cushion What FIRE looks like to Chelsea For show notes and takeaways: https://firedrillpodcast.com/mama-fish-saves

Live from Podcast Movement! We got a chance to chat with Brad & Jonathan of the ChooseFI podcast at Podcast Movement. We got the scoop on big events in their personal lives, updates coming to their podcast, and more! Brad (a former accountant) and Jonathan (a former pharmacist) teamed up last year to create one of the biggest podcasts in the Financial Independence space. They offer actionable tips, interviews with the best and brightest of the FIRE community and more! You'll have a blast listening! We also chat about... -changes coming to ChooseFI podcast coming up -Brad & Jonathan's life updates -where they see the FIRE movement in 5 years Enjoy this chat with Brad & Jonathan, and please subscribe to us in iTunes if you enjoyed it! More information can be found at https://firedrillpodcast.com/fdp-choosefi.

Have you ever had to deal with consumer debt? How did you pay it off? Chris from Popcorn Finance one day realised he had way too much consumer debt. He tells us how he moved back in with his parents, stuck to debit cards and established a strict budget to get rid of it all. You'll love how inspiring and interesting his story is. We also chat about... How he got into debt How he got a raise His FI strategy His failed side-hustles For show notes and takeaways: https://www.firedrillpodcast.com/getting-out-consumer-debt-popcorn-finance