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The FI Show

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Cody and Justin believe in the concept of "Financial Independence For All". The FI Show focuses on financial independence, personal development, and life optimization. Our topics include, but are not limited to building wealth, saving money, investing, side hustles, real estate, productivity travel rewards and so much more! Once you've graduated from the Dave Ramsey School and achieve debt freedom, you'll be looking for something else. Well, here it is! We cover ideas and thoughts from the greatest in this space such as Tim Ferriss, Mr. Money Mustache, Joe Rogan, Tony Robbins and more, but with our own personal twist. Welcome to a community of like-minded people who are taking back their time and their lives in the pursuit of financial independence. Are you ready to improve your life?

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Recent Episodes

How to Handle Student Loans | Nate & Mike from LendEDU
In today’s episode, you’ll hear how Nate created a site to help people navigate student debt called LendEDU. You’ll hear how this website was born during college and now makes over $1M per year. Joining Nate is one of his employees named Mike. We cover their specific site, the industry, and tips for students today. Listen and read below to hear this awesome business transformation. Episode Summary Colin’s upbringing led him to be frugal In high school, Nate had some jobs Finance didn’t care about finance though til college His freshman year he took on a good bit of debt in 2012 Mike still has student loans He didn’t take it seriously until graduation Nate also worked during college He started paying off his debts immediately He graduated with $60 debt $45k came after 2 years then he changed it up He started mixing in community college Nate and Mike met in college Nate starts LendEDU and brings on Mike By the time they graduated in 2016, it became a full-time job They both highlight how little finance information is available to high school and college students They also realize others cover their material But they try to present it in ways more consumable by younger people Mixing in video and shortening length We dive into some tips for incoming freshman Question really why you’re going to college Do you already know your profession? Is trade school a better option? Then exhaust every grant and scholarship Students should also look at what their total debt bill with be, not just year one Nate saved $10k by mixing in community College while at a 4yr university Then we jump into the business side of the website They started off making $200 per month from advertisements in 2014 By the end of 2015, they were making $10k per month By the end of 2016, they reached $50k per month The team has scaled to 15 people Today LendEDU makes over $1M per year working with 120 advertisers Their reviews are all unpaid and therefore objective Separation between the income and the rankings of products is important to them Then we talk about unique new ways to avoid student debt One is payback programs where you commit a percentage of your future salary The other is where you don’t need a co-signer for your loans Under this model, it is based more on your degree choice and time left ’til graduation Key Takeaways Don’t wait for success: It was awesome to see how Nate didn’t put this business off until he graduated Hire who you trust: The team has grown to 15 and 10 of those were college classmates. Trust is often more important than qualification White Space Can Be a Style: Plenty of companies were covering these topics but none in a way that resonated with 20-year-olds Call to Action Take a look at your student loans and see if there is a refinancing option or anything to make those payments fly by. 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! Sign up for our exclusive newsletter Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please leave a rating/review! The FI show on iTunes The FI show on Android   Connect with the LendEDU Crew Via their website LendEDU.com   Learn More About Your Hosts: Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)
Blackjack Your Way to Financial Independence | Colin Jones from Blackjack Apprenticeship
In today’s episode, you’ll hear how to get to financial independence via Blackjack (wait, what?). Yep, that’s right. Cody and Justin are joined by Colin Jones from Blackjack Apprenticeship. Colin got an education in mathematics and started out as a teacher. A buddy introduced him to card counting and changed his financial path forever. He turned a couple thousand dollars he and his wife had saved and tried his hand at the card tables. That small amount of seed money would lead to millions in earnings, a team of prolific card counters, a documentary and his website where he looks to train the next great card counters. Listen and read below to hear this incredible story. Episode Summary Colin’s upbringing led him to be frugal He really just wanted to be in a band and wasn’t interested in college His parents urged him to go He decided he’d rather go to school than go out on his own Colin ended up studying mathematics which was a great foundation to card counting When he was 22 a friend gave him a book about card counting to win at blackjack Colin then talks about his practice schedule went After his friend started ramping up his earnings to $80 an hour, Colin decided to give it a real try He took $2k of the $6k he and his wife had saved to seed his efforts For the first few months, he wasn’t really making much His friend got picked up by a national card counting team Then, later on, that same friend transferred all that knowledge to him and that really upped his game After a bit, they realized they could make $200+ per hour if they had $100k in money to play with For his career-high, he earned $434 dollars per hour It took them 6 months of 30 hour weeks to get to six figure earnings After a couple years they had formed a team that was making $500k per year Colin opens up about how his profession was viewed by his family which were missionaries Then Colin talks about the legality of card counting at a casino Spoiler alert: it’s perfectly legal Colin also gives us a brief overview of how card counting works One interesting thing is Colin has never put money into the stock market He prefers to invest in real estate and grow his online business His online business is Blackjack Apprenticeship The site has online forums, software, and training videos to help you learn card counting yourself On top of that, he does three or four live events where he helps polish fellow card counters’ skills Colin signs off by challenging everyone to question why they want to be financially independent Key Takeaways Money can be made everywhere: This is just another example of the limitless ways you can earn money in today’s world. Easy money is hard: Colin can repeatedly walk into a casino and earn money but it took countless hours of hard work and practice. Tombstones: We absolutely loved his statement about the goal isn’t to have financially independent on your tombstone. Life is bigger than that. Call to Action Write out five things you envision you’ll do in retirement and then elaborate on why you actually want to do those things 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! Sign up for our exclusive newsletter Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please leave a rating/review! The FI show on iTunes The FI show on Android   Connect with Colin: Via his website Blackjack Apprenticeship Also, check out his book 21st Century Cardcounter Documentary Snippet   Learn More About Your Hosts: Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)
From Family Bankruptcy to Multiple Income Streams | Ben Le Fort
In today’s episode, Cody and Justin are joined by Ben Le Fort. Ben is Canadian and has an awesome back story. His parents were financially unstable even to the point of needing Ben to help with the mortgage as a teenager and bankruptcy. Ben would go on to turn things around and is now on the financial fast track. He and his wife now own two properties and are saving aggressively towards retirement. Fun note, one of those properties is actually the home that his parents now live in. Listen and read below to hear his amazing journey. Episode Summary Ben grew up upper-middle class but then 2008 happened Both of his parents were realtors and the recession crushed them leaving them bankrupt His parents had no savings and the housing market crashed Looking back he saw some flags that they hadn’t been saving One of those flags was being asked to help pay the mortgage as a teenager  The problems his parents went through caused him to choose economics as a major Ben would end up graduating with about $30k in student debt This was  a rough go because he was having to use student lines of credit His parents’ income made him ineligible for financial aid or government student loans in Canada Ben would go on to miss some payments which took a toll on his credit Upon graduation, he couldn’t find a good job because of the recession (2010) This drove him to going back and getting his masters degree Ben got roommates in a run-down apartment for $350 a month He tried to continue living the college lifestyle so he could pay off his debt Ben became debt-free in 2015 Then Ben talks to us about meeting his wife She was very risk-averse and investing scared her After tackling stocks they moved on to real estate Ben now has two properties and has done very well on both Fun note, his parents actually rent a property from him Ben’s financial world is now off the charts and he’s looking to help other That’s what started his venture into blogging online via Medium That writing has now turned into a legitimate side hustle We then tackle Canadian investing vs American investing Key Takeaways Be prepared for the unthinkable: His parents were so used to their income and the stability of the housing market. When it crashed, they certainly weren’t prepared. Your start doesn’t define you: The thing that really jumps out in this episode is that his parents’ bankruptcy didn’t mean Ben couldn’t be successful. It actually benefited him through the motivation it gave him. Currency Matters: There was a really tangible discussion where Ben called out the tactics of someone in Canada investing and how it differs from the United States. Call to Action Whether it is a parent, cousin, or just a friend. Find a loved one who could use a talk about finance and open up and talk to them. Keep it simple and make them feel comfortable if you can. 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! Sign up for our exclusive newsletter Join our Facebook Group Leave us a voicemail Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please leave a rating/review! The FI show on iTunes The FI show on Android   Connect with Ben: Via his publication on Medium called Making of a Millionaire Via his writing at Wealthtender   Learn More About Your Hosts: Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)
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Podcast Details
Started
Aug 25th, 2018
Latest Episode
Oct 15th, 2019
Release Period
Weekly
No. of Episodes
65
Avg. Episode Length
43 minutes
Explicit
No

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