What Financial Independence Means for a Young Father – with Jim White

For our Family FI segment this month, we’re talking about achieving financial independence with kids. A lot of people out there think that you have to choose one or the other. “You can’t have financial independence if you want to have kids” or “you can’t have kids if you want to have financial independence”.

My guest today completely disagrees with that sentiment because he’s walking, talking proof that you CAN have both.

Jim White from Route to Retire is my guest today. He’s a father, husband and recently he left his 9-5 job after becoming a millionaire and reaching financial independence at the age of 43.

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5 Term Life Insurance Providers That Make the Process Easy

Are you overwhelmed by the thought of buying life insurance? You’re not alone. With so many options to pick from, it can be hard to choose. Back in the day, purchasing life insurance meant meeting with a salesperson to get a quote and often required a complicated medical exam. Luckily, you have better options that your grandparents did.

Here are 5 providers of term life insurance that are making it easier than ever to get the coverage you need.

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I’ve maxed out my 401k. Where else can I invest?

Our second question of the month comes from Angela from California:

Hi Andy,

I’m enjoying your podcast and wanted to ask you a question as I’m starting to get into more aggressively saving for my retirement.

I’m 32 years old. I recently modified my contributions to my workplace 401k so I’ll be maxing it out at $18,500 this year. I recently paid off my last student loan and had extra money. My husband is matching his 401k too after a little convincing. So we’re really getting serious about our retirement savings now. Both our companies match so that’s another perk.

I do feel like I’m behind overall though. Where else should we consider investing outside of our 401k?

Any feedback you have would be great.

Angela

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How to Become a Millionaire in your 30’s – Interview 17 (Trip Seibold)

When you’re free to openly plan your day and your future, a whole new world starts to open up to you. What once wasn’t clear … is now clear.

That’s how the young millionaire Trip Seibold from Financially Possible described it to me in today’s interview. As a financially independent 30-something millionaire, Trip has the ability to spend quality time with his family and pursue his dreams.

Let’s learn more about his path, his new motivations and how his family is at the center of all of it.

Enjoy!

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Ethical Investing – When Doing Well and Doing Good Meet

Every time we contribute to stock mutual funds in our 401k or IRA, we’re investing in a little slice of the companies that are included that fund. These can be tech companies like Apple or Microsoft or automotive juggernauts like General Motors or Ford. With each retirement contribution you make, you’re essentially becoming a minority shareholder in these businesses.

But what if you don’t agree with the way things are being handled at one of these companies?

  • Perhaps you care about a cleaner and greener future and one of the companies you’re investing in is a huge polluter.
  • Or maybe you’re appalled by the way factory employees are being treated globally at one of your businesses.
  • Possibly there is evidence of racial or gender discrimination happening within the four walls of a company you own a piece of.
  • How can we invest for our family’s future and get the returns required to retire comfortably while  still following our hearts?

Welcome to the world of Ethical Investing!

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Don’t Time the Market – with Rocky Lalvani

It is so important to evolve and to keep up with the ever-changing world. Because when we’re complacent and stuck in our ways, opportunities, excitement and potential wealth can pass us by.

I’ve invited someone on the show today who lives by this credo and his name is Rocky Lalvani.

Rocky is a life and money coach who has built a multi-million dollar fortune, not from his coaching biz, but from living a life focused on flexibility, frugality, and family.

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How to Become a Millionaire in your 30’s – Interview 9 (Frank)

When you consistently deliver quality work, it pays.

At least it has for Frank from 8th Great Wonder. He became a millionaire in his 30’s through providing superior work in comparison to his colleagues. When it came to raise time, Frank was considered first.

Check out my interview with Frank on how he capitalized on those pay increases and hit 7-figure status in one of the highest cost of living areas in the US.

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Track Your Net Worth and Become a Young Millionaire – with J. Money

Growing your income year after year is definitely something to be proud of. The increased pay can allow you to enjoy more and experience more.

But you know what’s a more important barometer for your financial health?

Net worth.

Through the many financial conversations I’ve had and even in my personal experience, a lot of people do not know what net worth is and why it’s important.

Today, we’re going to change all that.

I’ve invited a man who’s been tracking his net worth every month for the last 10 years! Yes, that’s more than 120 net worth charts. That’s dedication.

This mystery man goes by J. Money from the very popular Budgets Are Sexy blog. 

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