If this series doesn’t make you want to break away from your cubicle and go travel the world, I don’t know what would. You could do that manually. Like I wasn’t happy, which obviously then made my wife unhappy and I was just trying to save every single penny. So I think it went too far the other way, but the first, the first time I realized the power of saving that money was when I did tell my bosses, hey I’m moving to Scotland, and it wasn’t like, hey, can I work remotely from Scotland? I’ve actually just been using my … Wunderlist. And that’s what saving for financial independence does. He was the first guest to appear on the podcast, and I'm thrilled to have him back on for round two! Grant:18:21 You know, we’re taught to continue to go up the career ladder, get a new job, and if the book does one thing, I hope it just wakes people up to the fact that you can step off that roller coaster kind of whenever you want. But again, it’s always just an experiment. Foul definition is - offensive to the senses : loathsome. In looking back it’s stupid… I don’t understand, like asking for something. Then, take the money that you were spending on all the things you decided to give up and invest it or use it to pay off debts every month instead. Not Now. It’s like you’re constantly learning things and changing, so just be flexible and you’re able to be flexible by not locking yourself into a 30-year mortgage on a McMansion that you can’t afford and you’re not flexible when you’re having to work 40 hours a week just to pay for, you know, your two leased SUV’s and things like that. I would definitely say that, um, you know, incomes are very high. Spotify. And it’s…yeah, it’s been great to see what you’ve been up to and the stuff you said at the beginning and knowing that I played even just a tiny part in helping you, uh, onto this path is just incredible because it’s, you know, it’s like compound interest to the extreme. Maybe because I have that option. This documentary series follows Ewan McGregor and Charlie Boorman as they travel from London to New York on their motorcycles. Like I think about like all of the things that are in my laptop. How has your perception of time just changed over the past couple of years through this process? So yeah, you’re in a better position to experience that peace, as you said, because a lot of the worries that you used to have aren’t there anymore. L.A.'s Finest is an American comedy action crime television series created by Brandon Margolis and Brandon Sonnier; and produced by Sony Pictures Television.It is a spinoff of the Bad Boys franchise created by George Gallo.The series premiered on Spectrum on May 13, 2019. Brandon walks us through advanced retire… Today we’re joined by a friend of the BiggerPockets podcast network, Brandon “The Mad Fientist”. PT: I think I first discover ed you back when I was researchi ng Rot h conversion l adders. It was not being happy at my job and things like that and being overworked because I was doing a free master’s degree at the time. He sticks with index funds. It’s like, okay. I wouldn’t have just been fired because I asked for it so I don’t really know what I was afraid of, but I didn’t realize the power that I had so I should have used the power of the money gave me to make positive changes in my life and I should have been focused on the real goal, which wasn’t a certain number in the bank because once I hit that, it didn’t matter. He plans to achieve financial independence in his early 30s and then ‘slow travel’ around the world, with the help of miles and points! My wife Jill and I just got back from your 3-month trip around the world. And uh, it’s, it was a huge impact. Brandon: 32:03 And then once you eventually take that out, you’re tax free because those are tax free withdrawal accounts. I’ve got a book coming out, you know, there’s so many opportunities, but at the same time, one of the things I’ve started to feel is oddly a kind of constriction of time in a different way than when I was working in a corporate world. I’m not happy. I hope that more people at least wake up to the idea that even if you know, you don’t have to be perfect. Like, you know, does this make you happy? Why It's Never Been Easier To Reach FI w/ Brandon @MadFientist You’re buying that freedom and since the first year was so crazy and I was so trying to figure everything out, I don’t think it really sunk in, but the second year after quitting my job, like I feel like it’s really sunk in and I’m starting to realize like, hey, this is the rest of my life. Brandon: 08:54 And I don’t have to say yes to all this other stuff that, you know, normal bloggers and normal website owners have to say yes to and in the, yeah, it’s still something that I struggle with because like money has been such a core driver of my entire life that now it’s hard to just like flip a switch and make money and not as important, but it should be, it shouldn’t be as important. It’s your path and there’s so many different ways to become FI. Brandon: 39:36 And you mentioned that you’re in less…you’re not in control of all these variables and yeah that’s absolutely true in…but having money there in case of…like I would just have this like low level of stress anytime I thought of my car when I was younger because I was like, you know, this is an old car and what if it breaks down and then that’s going to be like 500 bucks or something. On Mad Fientist, Brandon offers a free, downloadable Excel spreadsheet to help others calculate when they can afford to retire. So then what happens, a few years later is when I moved to Scotland, like I’d hit my FI number and I was like, okay, I’m just going to quit my job and then just see how this goes. You know, how are you spending your money? Is it aligned with your values? That’s been the main driver in my entire life. So it’s, it’s awesome man. Brandon studies fience, or the science behind financial independence. And when I was doing the research I realized, wait a second, like early retirees are so different from the normal work until you’re 65 employee. So yeah, it’s, these are tough questions but it’s, it’s a privilege and it’s amazing to be able to have a chance to do something about it. While these strategies may sound intense at first, they’re quite simple in practice, as Brandon shows us! I was the same way. And to be honest, like I look back on this and feel like a bit embarrassed by it. But that first year of actual, after I left my job I was doing, I was saying yes to so many things just because I thought I had to, to like keep the Mad Fientist growing and keep the business like as it was in like bloggers are always wanting to grow their audience and you know, so you say yes to all these things. About See All. If you have one at work, if you have a 403b, that’s also a great one. Your email address will not be published. I’m going to have to repeat a book that was already recommended by one of your other guests, Jim Collins (he is the person who actually recommended the book to me). It is quite violent at times and is definitely not for children but it has great acting, a beautiful setting (Bruges, Belgium), funny Irish humor, and excellent music to tie it all together. Brandon: 27:07 I think the first step would just be to record a month’s worth of spending. Brandon: 07:17 And here’s a computer you can take and all this other stuff. I hesitated to list this for fear of being thought of as a Mac fanboy. You just have to keep testing it out. Grant: 26:36 What would you recommend to that person who is listening to this, and you know, maybe they’re feeling stuck, but this has been a spark where they’re like, Huh, you know, I, I want to learn more about this and I, you know, what are those couple first steps based on your experience that you think will have the biggest impact for someone? MILLENNIAL MONEY IS A PART OF THE MOTLEY FOOL NETWORK, A DIVISION OF THE MOTLEY FOOL.©1995-2021 THE MOTLEY FOOL. So that could be it? Grant: 00:44 Yeah man. It wasn’t good. Brandon: 20:19 So. So that’s when I started really doing a lot of research into tax optimization. I was like, oh, this is just, this is going to take forever. The finance industry sells a level of precision that I just personally think is really unrealistic. Every decision, you know, studying hard in high school so I can get into a good college, I can get a good job and get a good salary and picking careers based on salaries and basing all my decisions on like is this going to cost less or is this going to make me more money? It wasn’t just frugality and deprivation for spending. And then yeah, once you start building up a net worth, just figuring out like how much money you do have, and what that power that money gives you is important, but for a lot of people they’re spending everything they earn so the spending side of the equation I think is where you need to look first. Brandon: 02:56 Like you’re obviously unhappy. And you know, we don’t have to dive into that. But now we can just invest in every business in the world. So. It’s like whether it’s get to a number, get to a level of career or you know, it’s so much easier to chase this external thing, whether it’s a promotion or a job or a higher number. His favorite sections of the tax code are, of course, those that have to do with retirement. And same with restaurants. And that’s resulted in saying no to some really cool and interesting opportunities that would have probably been super fun. So, so yeah, I think there’s obviously some things you, some choices you can make so that you don’t screw yourself over in the future, but I completely agree that focusing on just improving for today is, is a great way to go about it. I mean, man, you sound really happy. Brandon: 38:47 Right? Advanced Strategies for Pursuing Financial Independence - http://www.madfientist.com And here I was without that rudder really. Thank you so much for those kind words. And, and uh, yeah, it’s a beautiful thing. A lot of people just shudder when they think about it. Grant: 20:50 Yeah, I agree with you. Brandon: 08:01 Just like the Mad Fientist for example. Grant: 38:26 One of the things I realized I was looking for a word. I agree with that and, but it’s all good. I couldn’t have answered that question of what even makes you happy because for me it was that external thing. Ahhhh … I’m currently putting money into a “sinking fund” every month, hoping to buy a MacBook when my laptop PC bites the dust. But it allows you, I think to create kind of a barrier between you and the external world that does open up that internal…that opportunity for internal growth because at the end of the day, and I’ve realized this is no matter where I live or how I’m making money, the only thing that I’m carrying with myself is myself and that really, that really kinda hit me intensely where it was like, you know, I expected to move to New York and like feel entirely different. My laptop has replaced so many different things that would have cost tens, if not hundreds of thousands of dollars. http://store.apple.com/us/browse/home/specialdeals/mac, Lee Garrett – Author, Blogger, Project Manager, Taylor Pearson – Creator, Collector, Author, Aaron Wolfson – Writer, Reader, Coder, Thinker, Melinda Massie – Professional Organizer, Entrepreneur, and Writer, Ruwan Meepagala – Writer, Creativity Coach, Graham Hunt – Spanish Real-Estate Entrepreneur, Adam Kuban – former food blogger, Pizza Guy, Tim Prebble – Sound Designer and Composer, Brandon Epstein – Founder of Entrepreneur Fitness, Michael Raphael – Sound Effects Recordist, Joanna Castle Miller – Writer and Producer. But when you’re comparing yourself to somebody, you don’t really know the full scenario. Well what do I do with that and why and this was a that. Re required to pay: the livestream had audio issues so we restarted the event are just so these... T much at all, but we went out to eat every in! 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