Podcasts Business Careers ChooseFI 484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

484 | A Family Journey From Debt to Early Retirement in a Decade | Joel and Emily Allen

Published: March 25, 2024, 5 a.m.

In this episode: wants vs needs, side hustles, tax planning, college hacking, travel rewards, mindset, and living your values.

This week we are joined by Joel and Emily Allen, a married couple with children based out of Iowa who truly embody what the FI movement is all about! Not only have they seized control of their life and finances, but have also managed to start a successful side hustle, provide incredible resources to the community around them, travel the world, and so much more! While the FI movement is about financially freeing yourself and your family, it is also important to remember why we want that freedom. Not stressing about money is just one piece of a fulfilling life, once you have that freedom, take advantage of it like the Allen\u2019s have!

Timestamps:
  • 1:25 \u2013 Introduction/The FI Mindset
  • 9:02 \u2013 Budgeting/Wants and Needs
  • 14:59 \u2013 Side Hustles
  • 21:02 \u2013 Financial Literacy to FI
  • 23:29 \u2013 Tax Planning/Travel Rewards
  • 29:11 \u2013 College Hacking
  • 42:05 \u2013 Living Your Values and Taking Time Off
  • 48:39 \u2013 The Importance of Knowing the Rules
  • 53:48 \u2013 Traveling Like a Pro
  • 69:25 \u2013 Conclusion
Resources Mentioned In Today\u2019s Episode: More Helpful Links and FI Resources: