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Entrepreneur vs. Employee Path to FI (Mad Fientist Replay)

Entrepreneur vs. Employee Path to FI (Mad Fientist Replay)

FromThe Financial Independence Show


Entrepreneur vs. Employee Path to FI (Mad Fientist Replay)

FromThe Financial Independence Show

ratings:
Length:
42 minutes
Released:
May 31, 2023
Format:
Podcast episode

Description

We (Cody and Justin) have both achieved financial independence through drastically different paths.

This episode was a takeover episode for The Mad Fientist's podcast where we break down the similarities and differences between an employee's path (Justin) and an entrepreneur's path (Cody) to FI!

Highlights:

Live-in flip vs. house hacking
The sweet spot for buying used cars
Why focusing on fixed expenses is important
How to 5x your corporate income
The unlimited upside of entrepreneurship
How to get started investing if you're scared/nervous
Nest-egging vs. cash-flowing your way to financial independence
The benefits of a Solo-401(k) for entrepreneurs
Why the corporate world is great for certain types of people
Benefits and downsides of entrepreneurship
Why it's important to not keep up with the FI Joneses either

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Links From the Episode

The Mad Fientist's Podcast
Our Mega Backdoor Roth Episode
The Mad Fientist's Mega Backdoor Roth Article
Mad Fientist's Twitter

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Learn More About Your Hosts
CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Released:
May 31, 2023
Format:
Podcast episode

Titles in the series (100)

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The FI Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.