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The Financial Independence Show
Cody Berman and Justin Taylor
339 episodes
5 days ago
Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.
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Careers
Business,
Investing,
Entrepreneurship
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All content for The Financial Independence Show is the property of Cody Berman and Justin Taylor and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.
Show more...
Careers
Business,
Investing,
Entrepreneurship
Episodes (20/339)
The Financial Independence Show
$8,000/Month Digital Nomad Family + Business Marketing 101 | Eric Dingler
1 week ago
44 minutes 27 seconds

The Financial Independence Show
Justin’s 2-Year Retirement Anniversary: Reflections, Updates, and Looking Forward
3 weeks ago
44 minutes 48 seconds

The Financial Independence Show
Unlearning Frugality | The Mad Fientist
1 month ago
47 minutes 10 seconds

The Financial Independence Show
We Live Better Than Kings Did (Thanksgiving Special Episode)
1 month ago

The Financial Independence Show
From $111,000 in Debt to Freedom through Budgeting | Allison Baggerly
1 month ago
45 minutes 47 seconds

The Financial Independence Show
Building a $700,000+ Glamping Business | Garrett Brown
Garrett Brown, author of The Glamping Investor, joins us to talk all about building a glamping business.

He shares his own journey from $0 to $700,000+ in revenue, and his best tips on how you can get started yourself.

Topics covered include:

* Finding the right plot of land
* Understanding "landhacking" and why it's so powerful
* Setting up utilities and amenities
* Zoning and building laws
* Different types of glamping structures and their cost
* Financing and how to buy these types of structures
* Scaling and improving your glamping business

And so much more.

If you found value in the episode, please share it with a friend!
Links from The Episode

* The Glamping Investor (Garrett's Book)
* Garrett's Instagram
* Garrett's YouTube
* BiggerStays YouTube 
* Pacific Domes (mention The FI Show for best pricing)

YouTube Interview
https://youtu.be/1oCuixGBYsw
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
1 month ago
47 minutes 43 seconds

The Financial Independence Show
The Magic of Compounding | Sathish Gajula
Sathish Gajula from the Compounding Project joins us to talk about compounding your health, wealth, and mindset.

He shares some mindblowing stats, along with plenty of tactical advice.

Topics covered include:

* Why investing early matters so much
* How to cut back on the "big 3" expenses
* The most important part of the compound interest equation
* How compounding affects health and fitness
* Curating the right information diet
* Hacks for maintaining motivation and discipline

And so much more.

If you found value in the episode, please share it with a friend!
Links from The Episode

* The Compounding Project (Instagram)
* The Compounding Project (YouTube)
* The Compounding Project Podcast

Compound Interest Equation:



Sathish's Favorite Books:

* Outlive - Peter Attia
* The Simple Path to Wealth - JL Collins
* Sapiens - Yuval Noah Harari
* The Compound Effect - Darren Hardy
* I Will Teach You to Be Rich - Ramit Sethi
* Atomic Habits - James Clear

Sathish's Favorite Podcasts:

* Diary of a CEO
* The Tim Ferriss Show
* Colin & Samir

Sathish's Favorite Apps:

* Fantastical Calendar
* Chat GPT
* Todoist

YouTube Interview
https://youtu.be/yCded1Kz61I
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
2 months ago
40 minutes 42 seconds

The Financial Independence Show
Building a $32.5 Million Treehouse Empire | Seth & Tori Bolt
Seth and Tori Bolt from Bolt Farm Treehouse join us to share their story of a wedding gift that turned into a $32.5 million business.

It's been truly incredible to see what they've built together, and more importantly, just how down-to-earth both of them are despite their tremendous success.

Inside the episode, we discuss:

* Scaling a short-term rental business
* How hospitality is everywhere
* Creating a memorable experience
* Working with your partner
* Goal setting and the concept of "enough"
* Attracting top talent
* Showing up on social media
* Knowing when to add/cut things

And so much more.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Bolt Farm Treehouse
* @boltfarmtreehouse (IG)
* @drsethbolt (IG)
* @toribolt (IG)
* Bolt Farm Workshop Retreats

YouTube Interview
https://youtu.be/kL5-g3yGqt0
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
3 months ago
52 minutes 27 seconds

The Financial Independence Show
How to Retire Often | Jillian Johnsrud
Jillian Johnsrud, a friend and multiple-time guest on The FI Show, joins us to discuss her latest book, Retire Often.

Specifically, we cover:

* Why mini-retirements are so important
* How mini-retirements can accelerate your FI timeline
* The art of negotiation
* Finding meaning from taking breaks
* Retiring with intention
* The math behind mini-retirements
* Why FIRE shouldn't be your first retirement

And so much more.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Retire Often Book
* Jillian's Website
* Overcoming Adversity (Jillian's 1st Episode on The FI Show)
* Managing Goals and Avoiding Mediocrity (Her 2nd Episode)
* Fire the Haters and Create Content Online (Her 3rd Episode)

YouTube Interview
https://youtu.be/2fN3UOOVqBw
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
4 months ago
55 minutes 9 seconds

The Financial Independence Show
How He Spent Only $9,400 On a 6-Month Trip (Justin’s 2025 Recap)
Justin is back!

Your very own Financial Independence Show co-host is here to give you all the financial details from his six-month journey around the world.

Spoiler alert, he actually turned a profit and increased his net worth by $100k+ while abroad.

The numbers might be shocking, but as always, Justin kept detailed records of expenses and walks you through exactly how he pulled off this incredible trip.

Specifically, we cover:

* Most overrated and underrated places
* Where he wishes we spent more time
* First place on his "going back" list
* Where he'd be most likely to live long term
* Best bang for your buck experience
* Where he wishes he had spent more money
* Accomplished and unaccomplished goals
* Airbnb income, other income, and creative ways to save

Hang around until the end to hear Justin's top 3 tips for someone looking to do something similar!

This is an episode you'll want to come back to if you're looking for a blueprint for traveling the world on a budget.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Justin's Travel Blog
* Spreadsheet with all the expenses
* Some photos highlighting the European travels
* $46 to Travel the World (Pre-Trip Episode)
* $2,052 for 5 Weeks in Southeast Asia (1-Month Recap)
* $1,500 per Month to Travel in Southeast Asia (3-Month Recap)

YouTube Interview
https://youtu.be/ThTLDOj1A7A
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
5 months ago
42 minutes 40 seconds

The Financial Independence Show
Buying Houses with No Money Down from Thousands of Miles Away | Tony J Robinson
Tony J Robinson, co-host of the BiggerPockets Real Estate Rookie podcast and one half of The Real Estate Robinsons, joins us to talk real estate strategy.

Tony has experience with many creative financing options and buying properties all around the country.

Specifically, we cover:

* 100% mortgage loans through small credit unions
* The BRRR strategy
* Finding equity partners to finance deals
* Seller financing
* Lines of credit against stocks
* How to identify a "good" investment property
* Systems for managing your properties
* Building a team anywhere in the country

And so much more.

This is definitely an episode you'll want to come back to if you're looking to set up a system for managing your properties.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Tony's Instagram
* Tony's YouTube Channel
* The Real Estate Robinsons
* BiggerPockets Real Estate Rookie Podcast

Finding Properties:

* AirDNA
* PriceLabs

Managing Properties:

* PriceLabs
* Guesty
* Hostfully
* Breezeway
* Monday
* Turno

YouTube Interview
https://youtu.be/4lojE8R18Ks
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
6 months ago
46 minutes 1 second

The Financial Independence Show
How to Travel the World on $75 a Day | Nomadic Matt
If you've ever searched for something travel-related, you've probably stumbled onto Nomadic Matt's website at one point or another.

He started travel blogging back in 2008 and quickly became one of the biggest names in the space.

As you can imagine, after traveling and gathering information for 15+ years, he has a lot to share about travel!

In this episode, we cover:

* How to find cheap flights
* How to find cheap accommodation
* How to find a cheap phone plan
* Why slow travel can save you money
* Overrated and underrated travel destinations
* The biggest mistakes most travelers make
* Taking a sabbatical and/or quitting your job

and a whole lot more.

If you found value in the episode, please share it with a friend!
Links from The Episode

* NomadicMatt.com
* How to Travel the World on $75 a Day
* Matt's Instagram

Cheap flights:

* Going
* Thrifty Traveler
* Airfarewatchdog
* The Flight Deal
* Google Flights

Redeeming points:

* Seats.aero
* Point.me

Cheap stays:

* Couchsurfing
* Trusted House Sitters
* Airbnb (rooms)
* Home Exchange
* Booking.com
* Rakuten (for money back on booked stays)

Cheap phone plans:

* Airalo
* Saily
* Holafly

No-fee Banking:

* Charles Schwab Investor Checking

YouTube Interview
https://youtu.be/a9TrvTIlogw
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
7 months ago
39 minutes 3 seconds

The Financial Independence Show
The Simple Path to Wealth (Does it Still Work?) | JL Collins


Who said building wealth had to be complicated?

In this episode, we're joined by JL Collins, author of The Simple Path to Wealth (recently revised).

JL was one of the pioneers of the FI space as we know it today, and has been coined "The Godfather of FI".

During this interview, we cover:

* If the Simple Path to Wealth still works in today's economy
* How to navigate a market downturn
* How to build your investment portfolio
* The power of compound interest
* Why fees can destroy your returns
* How to spend in alignment with your values
* The real reason we accumulate money

And so much more.

If you enjoyed this episode, check out the links below for more content, and don’t forget to share this podcast with a friend!



Links From the Episode

*
The Simple Path to Wealth
* JLCollinsNH.com
* The One Thing That Determines Your Success in the Market (blog post)
* The Wasting Asset Retirement Model (WARM - blog post)

YouTube Interview
https://youtu.be/hr7_ZfbKMno
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFiShow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)

Show more...
7 months ago
56 minutes 51 seconds

The Financial Independence Show
$1,500 per Month to Travel in Southeast Asia (Justin’s 3-Month Recap)
Today, we bring you our second episode covering Justin's six-month journey across Asia and Europe.

Luckily, Justin loves documenting the numbers, so you'll get the most in-depth breakdown of expenses you could hope for.

Listen in to see how he's living it up in paradise for $45/day.

That number includes accommodation, restaurants, groceries, gyms, activities, government fees, random purchases...literally everything.

Here's a high-level breakdown for Justin's half of the full Southeast Asia portion of his 6-month trip:

* Transportation: $582
* Accommodation: $1,368
* Activities: $1,543
* Restaurants: $299
* Groceries: $242
* Gov Fees: $32
* Misc: $42
* Gym: $80

Some highlight activities include:

* 4-day/3-night island hopping tour
* Mount Batur sunrise jeep excursion
* 10-hour private driver tour
* So many beaches and waterfalls
* Three separate hour-plus massages
* Three additional days of boat tours in the Philippines
* 5 separate 1hr+ massages
* 2 cooking classes
* Gili Island Snorkeling
* 8-hour private Nusa Penida tour
* Ha Long Bay yacht
* Trang An river + Ninh Binh tour
* Bai Dinh temple complex
* 4-day Ha Giang motorcycle loop (Vietnam)
* Koh Lanta Island hopping
* 2-day Elephant Nature Park stay
* 12-hour Chiang Rai temple tour
* and more...

Want all the data?

Check out Justin's detailed spreadsheet

We hope you enjoyed this in-depth check-in and look forward to periodically bringing you these over the next few months.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Traveling the World for $46/day
* $2,052 for 5 Weeks in Southeast Asia (Justin's 1-Month Recap)
* Justin's Detailed Trip Expenses
* Justin's Substack (to follow along with his travels)

YouTube Interview
https://youtu.be/HPzIkEmhkTA
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
8 months ago
51 minutes 14 seconds

The Financial Independence Show
How to Get Rich Doing Boring Things | Nick Huber


Entrepreneurship doesn't have to be sexy.

In today's episode, Nick Huber, author of The Sweaty Startup, talks about how to get rich doing boring things.

Instead of building the next AI tool, how about a painting business? Or landscaping? Or HVAC? Or one of the hundreds of services that everyday people need?

Topics covered include:

* Finding your next business idea
* Why Shark Tank is a lie
* The easiest way to tell if an idea will work
* Getting your first customers
* When to "legitimize" your business
* Marketing strategies that actually work
* When to start scaling and branching out

and more!

This episode covers a lot, so get ready to take some notes.

If you enjoyed this episode, check out the links below for more content, and don’t forget to share this podcast with a friend!



Links From the Episode

* The Sweaty Startup (Nick's Book)
* Nick’s Twitter
* Nick’s Instagram
* Nick's last appearance on The FI Show (episode 228)

Nick's businesses:

*
Personal Brand – https://sweatystartup.com/
*
Self Storage – https://boltstorage.com/
*
Overseas Staffing – https://supportshepherd.com/
*
Cost Segregation – https://recostseg.com/
* Insurance – https://titanrisk.com/
* Business Brokerage – https://nickhuber.com/
* Recruiting – https://recruitjet.com/
* Landing Page / Web Development – https://webrun.com/
* Debt and Equity – Show more...
8 months ago
45 minutes 39 seconds

The Financial Independence Show
Inner Entrepreneur (Start, Build, Buy, Scale, and Sell Your Business) | Grant Sabatier
Grant Sabatier, the bestselling author of Financial Freedom, returns to the show for the third time to talk all about entrepreneurship.

Inside the episode we cover:

* How to come up with business ideas
* What makes a successful entrepreneur
* Why 9/10 small businesses fail
* Grant's perfect business formula
* Growing, scaling, and marketing a business
* The biggest mistakes made by entrepreneurs
* Following your passion vs. following the money

and so much more.

Grant's latest book, Inner Entrepreneur, is a fantastic resource for anyone looking to advance in business.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Inner Entrepreneur
* GrantSabatier.com
* Grant's Community
* Grant's Instagram
* Grant's First Appearance on The FI Show

YouTube Interview
https://youtu.be/dw5pxLC7CYQ
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
10 months ago
1 hour 9 seconds

The Financial Independence Show
$2,052 for 5 Weeks in Southeast Asia (Justin’s 1-Month Recap)
Today we bring you our first episode since Justin hit the road on his six-month journey across Asia and Europe.

Luckily, Justin loves documenting the numbers so you'll get the most in-depth breakdown of expenses you could hope for.

Listen in to see how he's living it up in paradise for $55/day.

That number includes accommodation, restaurants, groceries, gyms, activities, government fees, random purchases...literally everything.

Here's a high-level breakdown for Justin's half of the first 37 days expenses:

* Transportation: $305
* Accommodation: $590
* Activities: $838
* Restaurants: $134
* Groceries: $82
* Gov Fees: $32
* Misc: $20
* Gym: $51

That's only $2k for 37 days!

Some highlight activities include:

* 4 day/3 night island hopping tour
* Mount Batur sunrise jeep excursion
* 10-hour private driver tour
* So many beaches and waterfalls
* Three separate hour-plus massages
* Three additional days of boat tours in the Phillippines
* and more

Want all the data?

Check out Justin's detailed spreadsheet

We hope you enjoyed this in-depth check-in and look forward to periodically bringing you these over the next few months.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Traveling the World for $46/day
* Justin's Detailed Trip Expenses
* Justin's Substack (to follow along with his travels)

YouTube Interview
Video coming soon...
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
10 months ago
51 minutes 36 seconds

The Financial Independence Show
Helping 1,000,000 People Invest in Real Estate | Dustin Heiner
Dustin Heiner returns to the show after a long 5 years to share what he's been up to since his last appearance (a lot!).

We discuss

* His recent 355-unit apartment building and multiple hotel acquisitions
* How he's built a podcasting network
* His fast-growing real estate conference
* His daily and weekly routine and how he balances work and life
* What it really takes to build passive income

And so much more.

Dustin's goal is to help 1,000,000 people start investing in real estate, and he's already made huge progress.

If you enjoyed this episode, please share it with a friend!
Links from The Episode

* REWBCon (Use code "Cody" for 10% off)
* Dustin's Free Real Estate Investing Course
* Dustin's Instagram
* Dustin's YouTube
* Master Passive Income
* Dustin's First Appearance on The FI Show

YouTube Interview
https://youtu.be/5ok7JGOhVwE
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
11 months ago
41 minutes 46 seconds

The Financial Independence Show
2025 Goals and Updates (+ a Major Podcast Announcement)
Today we bring you our goals for 2025 along with some upcoming changes to the podcast.

Every year, we like to map out some of our goals and what we aim to accomplish.

We break these down into the following categories:

* Money/Finance
* Fitness
* Family/Relationship
* Other

Some examples of Cody's goals include:

* Doubling down on what works for business and finance
* Completing an Ironman
* Cutting out bad relationships and doubling down on good ones
* Completing the build for his "forever" home

Some of Justin's Goals include:

* Running a sub-22-min 5k and completing a half-marathon
* Simplifying the investment account sprawl
* Coming away from his trip with a short list of slow travel locations
* Writing more

In the episode, you'll get the full breakdown of all the goals and why some of these are the focus for 2025.

We hope you enjoyed this goal-setting episode and are inspired to make some big moves in 2025.

If you found value in the episode, please share it with a friend!
Links from The Episode

* Traveling the World for $46/day
* 2023 Recap and 2024 Goals

Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

* Grab the Ultimate FI Spreadsheet
* Join our Facebook Group
* Leave us a voicemail
* Send an email to contact [at] TheFIshow [dot] com

If you like what you hear, please subscribe and leave a rating/review!

>> You can do that by clicking here <<
Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Show more...
1 year ago

The Financial Independence Show
12 Money Lessons (Christmas Special)
Today we bring you a Christmas special of sorts.

The 12 money lessons as a play on the 12 days of Christmas.

These are some of the most foundational takeaways we've realized during our financial journey.

We truly believe if you master these lessons, you'll have a clear path to hitting your money goals.
12 Money Lessons We Cover:

Retirement is a number, not an age

4% rule or cash flow method




Your first investment should be in yourself

$10K toward self-betterment will likely go a lot further than it will in the S&P or RE at the beginning of your journey




Compound interest is insane 

Investing $500 a month from 25 - 45 and then stopping will give you ~$1M in retirement at 65. Investing $1,000 a month from 45-65 will give you only $500,000. Start Early.




The 80/20 of spending

Focusing on the “big 3” (housing, transportation, food) will do way more for you than penny-pinching in other categories




There’s no “right way” to reach financial independence

If someone tells you the X is the only way, they’re lying or trying to sell you something. Can be done via index funds, RE, corporate job, digital products, etc.




Action > Information

You will learn way more by actually doing the thing, than reading books, listening to podcasts, or watching YouTube videos about it.
Now is not a bad time to start

Almost anytime you look back 4 years at investing you’ll wish you would have bought even more which is just a sure sign that if you feel like you need to wait to invest, you’re probably wrong






Do the experience

You’ll probably never regret the money spent on a memorable activity with friends and family




It’s not about the money

Yes, you’ll need to focus on money for a while and build up a nest egg but it the end the money is just a tool to give you the freedom to focus on the things you really care about, it’s not about lavishness or material obsession. Saving up a ton of money doesn’t make you a greedy person




Don’t make a plan, make a contract

Investing will have turbulence and that’s when people are most likely to make bad decisions. This happens when we let our emotions get involved. Instead of making a general plan, make some hard contractual-type promises with yourself so that when times get tough, you don’t even consider making rash decisions




You’ll adjust to anything

This can be an advantage or disadvantage. The advantage is that you can live a lifestyle very different to others and find that you can still reach a very high level of happiness. The disadvantage comes when we have lifestyle inflation and our spending keeps increasing but the novelty wears off and we don’t feel any different but our spending has increased dramatically




You can’t know where to go,  if you don’t know where you are

Getting an accurate state of your finances and spending is critical. You don’t have to fixate on creating a budget right away but definitely track your spending with extreme accuracy for a few months so you have real data to work with
It’s not about how much you make, it’s about how much you keep (there are people making $200k living paycheck to paycheck, and people making $50k saving 50%)




Be informed

I try not to tell people what they can and can’t spend money on,
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1 year ago
34 minutes 52 seconds

The Financial Independence Show
Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The Financial Independence Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.