Podcast

FW 002 Can Anyone Achieve FI?

PODCAST

Show Notes

  • Our guests are Doc G and Paul Thompson from the What’s Up Next Podcast
  • Our topic is: Can Anyone Achieve Financial Independence
  • We discuss:
    • How Doc G and Paul teamed up
    • Whether there is a minimum level of income in order to achieve FI
      • Doc G provides examples of people who have done so with very little income and observes that many wealthy people do not achieve FI
    • According to Doc G and Paul, mindset is the most important factor for FI
      • Having a positive mindset is empowering
    • The journey to FI is not about sacrifice
    • Minimalism is valuing what is important to you
    • Frugality is getting those things you want, at the lowest cost
    • Service and paying it forward are part of the journey
    • Privilege is relative and no doubt is an advantage
    • Claire talks about her parent’s journey from China to the US and their savings and investing habits
      • She mentions how her parents made her save something from her allowance

Hop Spot

Roy and I still enjoy a craft beer while doing the show. However, we do not include our conversation as part of the FIREwalkers podcast. It is a separate download that is available here.

FW 002 Hop Spot – Urban Art

The beer we tasted in this episode is from the Beer Research Institute of Mesa AZ and is called Urban Art Blackberry New England IPA.

 

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