Fire Drill
Summary: Personal Finance Podcast of the Year Finalist. Join host Julie on FIRE Drill podcast where she interviews guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. Saving on travel, real estate, 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 Fire Drill podcast.
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- Artist: Julie Berninger
- Copyright: © FIRE Drill Podcast
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Email me at j@firedrillpodcast.com
My name is Rachel Teodoro and I am a mom of three kids living in the greater Seattle area with my husband Mike, who is a mechanical engineer. We met while attending Purdue University in West Lafayette, Indiana. I am a lover of all things thrifty and can be found trolling for garage sales nearly every weekend. I like to craft, create and decorate my home with my thrifty finds. I am always happy to share my tips and tricks for living well on less. From Rachel's website - https://www.rachelteodoro.com/ In this episode we discuss paying off her mortgage and paying for her three kids' college tuition.
We are Ali and Alison Walker, and we used to call Seattle, Washington our home. We met in 2004, married in 2006, and retired in 2018. After reaching Financial Independence we wanted a complete and total change from our career-focused lives. We decided that meant leaving our Seattle life behind and making travel our new lifestyle. By November of 2018 we had sold our home and car, let go of 99% of our belongings, and left Seattle to travel the world indefinitely. From their blog, All Options Considered https://alloptionsconsidered.com
An important discussion about the Baby Boomer generation and healthcare in the US with Medicare insurance expert Danielle Kunkle.
Nancy's freebie on the decision making process: http://bit.ly/3aoJItS Her YouTube channel: https://www.youtube.com/c/drnancyli
Releasing last week's episode with Dave again. You'll love the tip on mortgage rebates - who knew?! https://firedrillpodcast.com/mortgage-rebate/
Today's episode is with Sasha of Your Frugal Friend blog and Etsy shop. Sasha is a thirty-something mother of two and accountant who makes incredible budgeting spreadsheets and sells them on Etsy. She has paid off over $60,000 of debt to date and is on the path to financial independence in Austin, Texas. Blog: https://yourfrugalfriendblog.com Etsy Shop: https://www.etsy.com/shop/yourfrugalfriend YouTube Channel: https://www.youtube.com/channel/UCSdYcA05sGe2WkzlvQ00CwA Etsy Printables Course: https://firedrillpodcast.com/etsyprintables Podcast Facebook Group for Live Episodes: https://www.facebook.com/groups/firedrillpodcast/
Today's episode is sponsored by the EconoMe Conference which is a conference for the financial independence community on Saturday, March 7th, 2020 in Cincinnati, Ohio. Fire Drill listeners receive 10% off tickets for this event using the code FIREDRILL. Learn more here: https://economeconference.com
Episode show notes are here: https://firedrillpodcast.com/2019-review
Have you ever dreamt of pursuing a digital nomad lifestyle? Eric started his digital nomad journey by joining a work travel program called Remote Year after saving up enough of a cash buffer. His plan is to continue working remotely after Remote Year is over and living a full on digital nomad lifestyle. You'll love that story. We also chat about... Eric's background What Remote Year is like How he's planning on making an income A day in the life of a digital nomad For show notes and takeaways: https://www.firedrillpodcast.com/how-im-transitioning-into-a-digital-nomad-lifestyle-nomad-on-fire
Mystery shopping might be the new travel rewards hack. Johnny uses travel rewards and mystery shopping to go on holiday for free. Him and his wife are using rental properties to fast track their path to FI, with Johnny's goal is to be able to take summers off by the age of 35. You'll love that story. We also chat about... How to make the most of travel rewards Where to get travel reward information The value of mystery shopping For show notes and takeaways: https://www.firedrillpodcast.com/a-new-travel-hack-mystery-shopping-financial-roadways
One of the best ways to increase your income is to do a career transition Caitlyn changed from sales in the beer industry to working as a software engineer. After an intense 6 months completing a coding bootcamp, she was able to find a higher paying job as a software engineer with a better work life balance and pretty much everything she was looking for in a job. You'll love that story. We also chat about... Caitlyn's early career How she completed the coding bootcamp How she got her job as a software engineer Managing coding interviews How not to screw up your career transition For show notes and takeaways: https://www.firedrillpodcast.com/how-i-transitioned-my-career-into-tech-with-a-coding-bootcamp-caitlyn
Is property part of your portfolio in order to reach FI? Maria and her husband own 9 rental properties, and have a net worth of over a million. They're aiming for a net worth of $3 million in order to reach FI, and have some pretty nifty real estate hacks to share with us. You'll love that story. We also chat about... Maria's personal finance journey Canada's maternity leave Dealing with tenants Future FI goals For show notes and takeaways: https://www.firedrillpodcast.com/how-we-manage-our-9-rental-properties-handful-of-thoughts
Do you include your house and car in your overall net worth? Rachel and her family are aiming for a FIRE number of $2 million. Her and her husband focus on a high savings rate, prioritising their budget and building a side income to speed up their journey. You'll love that story. We also chat about... Budgeting categories How they manage big expenses Their total net worth How Rachel is participating in GCV's blogging and Etsy course For show notes and takeaways: https://www.firedrillpodcast.com/why-we-dont-include-our-house-in-our-net-worth-money-hacking-mama
Do you dream of retiring before your 40s? Amon and Christina retired at age 39 and moved to Portugal with their two daughters. Thanks to their government jobs, they were able to achieve a very high savings rate of 70% and build a nest egg of 25 times their annual expenses in just 8 years. They've now been retired for 3 months and enjoy their time relaxing and spending more time with their girls. You'll love that story. We also chat about... How they got started on their journey Their FIRE numbers Why they got government jobs Their asset allocation Dealing with health insurance abroad For show notes and takeaways: https://www.firedrillpodcast.com/how-our-government-jobs-helped-us-reach-fi-our-rich-journey