After creating two venture-backed startups and working in high-tech, Jay wanted a more indie balance to life. He started by automating his finances (spending, investing, etc.) and planned to leave his golden handcuffs behind. That’s when he discovered FI/RE and he has been actively involved in the community building tools ever since. FIers is a financial independence calculator and forecasting tool that helps you plan your path to financial independence. It will help you know when you could reach financial independence, how to get there, and if you are on the right track. This tool is perfect for those who want to dig into the details without managing a spreadsheet. In this episode, Jay shares the important things we should consider before investing, in what order we can prioritize investing, and how forecasting tools can help us plan ahead.
Don’t miss the extended interview with Jay where he shares how zero-based budgeting drastically improved his marriage, communications, and finances. Join The Thought Card Club for access to Jay’s extended interview, and our entire archive of bonus content not shared anywhere else. You can also show support buying me a coffee.
Financial Independence Calculator
Trade & Travel Course
Learn how to supplement your daily, weekly or monthly income by trading in the stock market with Teri Ijeoma’s Trade and Travel course. Listen to Episode 7 to learn more about Teri Ijeoma and how she quit her job to travel the world and become a day trader.
In this episode we cover:
- What important things should we consider before investing?
- The most popular types of investments:
- Pre-tax retirement accounts
- Post-tax retirement accounts
- Post-tax investments
- In what order should we prioritize investing?
- How forecasting can help us better plan for the future.
- What inspired Jay to create a financial independence calculator and forecasting tool.
As promised here’s Jay’s investing ladder. I’m all about the visuals.
Connect With Jay from FIers
Huge thanks to Podcorn for sponsoring this episode. Explore sponsorship opportunities and start monetizing your podcast by signing up here: podcorn.com
Danielle Desir Corbett paid off $63,000 of student loan debt in 4 years, bought a house at 27, and has traveled to 27 countries, including her favorites, Iceland, China, and Bermuda. Go here to learn Danielle’s incredible story, from struggling financially and in debt to finding creative ways to earn more and live on her terms. Listen to The Thought Card Podcast, where Danielle shares how you can creatively travel more and build wealth regardless of your current financial situation. Reach out to Danielle by contacting: thethoughtcard (at) gmail (dot) com.