On today’s epic show, we speak with Brad Barrett and Jonathan Mendonsa from Choose FI. Brad and Jonathan share their pillars of financial independence — the 10 things you need to do in order to achieve FI.

We cover beginner-level topics such as frugality and index fund investing, but we also touch on more advanced topics like tax optimization and travel hacking.

This episode went so long — and contained such fantastic information — that we simply could not squeeze it into a regular show. So we didn’t. We made it a two-part episode so we didn’t miss a moment with Brad and Jonathan.

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In This Episode We Cover:

• The 10 pillars of FI
• What low cost index fund is
• Why investing in low cost index funds is a pillar of financial freedom
• Low cost housing
• The idea of house hacking
• Scott’s ideas about the fastest way to achieve financial freedom
• Mindy’s pillars to financial independence
• Transportation costs
• What opportunity cost is
• Travel rewards
• Jonathan’s take on grocery bills
• Having a plan before going to the grocery store
• Tax optimization
• Some techniques for maxing out the free tax account
• Traditional retirement versus early retirement
• And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

• “Complexity reflects real life.” (Tweet This!)
• “You can’t know where you want to direct your money, until you know where it’s going right now.” (Tweet This!)

Connect with Brad and Jonathan