The Life and Death of The 4% Rule | Christine Benz | 077
Catching Up to FI
Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar. Christine shares her extensive insights into retirement planning, emphasizing the flexibility and adaptability of the 4 percent guideline over the rigid 4 percent rule. She discusses the value of variable withdrawal strategies, the importance of personalizing one's retirement plan, and tackles the nuances of various saving vehicles like HSAs. Bill, Jackie, and Christine also chat about the sequence of returns risk and offer practical advice on asset allocation and preparing for healthcare costs in...
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The Wealthy Custodian Part 2: From Janitor to Millionaire | Jeff York | 076
Catching Up to FI
In part 2, Jeff York continues his discussion with Bill and Jackie about the financial importance of amicable divorces, the nitty gritty on his investments, and how he was able to "graduate" on his modest salary. The three also dive deep into Jeff's unique lifestyle, the necessity of personal health before and after retirement, and the rewarding nature of sharing knowledge through educating and mentoring. š Thank you to our sponsors: (Use code CUTOFI to get $30 OFF any course or !) ($100 OFF "Create Your Own Financial Plan" Comprehensive Video Course) :...
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Pop Up Podcast: Behind the Sensation Talking FI with the NY Times | 075
Catching Up to FI
In this special pop up episode, Bill, Jackie, and special guest Amy Coroso engage in a thought-provoking discussion sparked by a controversial about the FIRE (Financial Independence, Retire Early) movement. The three chat about the article's portrayal of diverse financial independence approaches as well as the article's impact on the FIRE community, discussing its potential to both attract attention and misconstrue the movement's core values. š Thank you to our sponsors: (Use code CUTOFI to get $30 OFF any course or !) ($100 OFF "Create Your Own Financial Plan"...
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The Wealthy Custodian Part 1: A Blue Collar Guide to Financial Freedom | Jeff York | 074
Catching Up to FI
Jeff York is a remarkable individual whose journey from custodian to millionaire offers a wealth of inspiration and practical advice. Jeff's story breaks down conventional barriers, showcasing the power of education, financial literacy, and personal responsibility. From his unique investment strategies and the importance of health to his experiences with divorce and the insights gained therefrom, the conversation delves into the essence of achieving financial independence and living a fulfilled life. Stay tuned for part 2! š Thank you to our sponsors: (Use code CUTOFI to get $30...
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Sustainable FIlosophy with Mr. Money Mustache | Pete Adeney | 073
Catching Up to FI
Heās here, Mr. Money Mustache! Also known as Pete Adeney, the financial independence OG shares his story with Bill and Jackie. From retiring at 30 and starting one of the most popular blogs in the community to the importance of choosing sustainability with your money. The three discuss some of Peteās most impactful articles (listed below), highlighting alternative health insurance options and discussing socially responsible investing. Pete also chats candidly about life post-divorce, the temptations of consumerist culture, and the potential of car-free communities. š ...
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Celebrating Financial Literacy Month with Next Gen Personal Finance | Tim Ranzetta | 072
Catching Up to FI
In celebration of Financial Literacy Month, Tim Ranzetta, co-founder of NextGen Personal Finance, chats with Bill and Jackie on the transformative power of teaching personal finance to students. Discussing stats, stories, and strategies, this episode covers everything from the ripple effects of financial literacy to state-level advocacy for required personal finance courses in high school. Tim shares how Next Gen carefully curated (free!) resources and games designed to make finance fun and accessible, highlighting the significance of teachers' partnership in this endeavor. Finally, Tim also...
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From Tech Stocks to Toilet Brushes: The Jensens' FI Journey | Mindy and Carl Jensen | 071
Catching Up to FI
Although youāve probably heard of this powerful pair, Mindy and Carl Jensen hop onto our show to share their personal journeys to financial independence and beyond. The Jensens discuss their experiences with podcasting, real estate investing, individual stock investments, and the lifestyle adjustments they've made after achieving financial independence. From buying a Tesla to planning for their children's futures, Mindy and Carl offer a transparent look at their lives post-FI, imparting valuable lessons along the way. š Thank you to our sponsors: (Use code CUTOFI to get $30 OFF...
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Pathfinders: Triumphs and Trials on the Road to Financial Independence | JL Collins | 070
Catching Up to FI
In Part 2 of Bill and Jackieās conversation with JL Collins, the three explore his latest book āPathfindersā and unravel the powerful narratives that underscore the ethos of financial independence. The trio discuss various topics such as the significance of starting early in investments, the pivotal moments which define oneās financial path, and the universal applicability of Collins' financial principles across different life situations. Sharing touching and motivational stories from āPathfindersā, they emphasize the bookās role as a beacon for those striving for financial...
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Pathfinders: Stories of Success and Financial Independence | JL Collins | 069
Catching Up to FI
Welcome back, JL Collins! Affectionately known as the Godfather of FI, Collins returns to discuss his latest book, "Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence" which explores real-life stories of individuals from diverse backgrounds navigating the journey toward financial freedom. Bill and official new co-host, Jackie Koski, chat with JL about the transformative power of simple yet strategic financial decisions, the significance of community, and the universal applicability of the principles of financial independence. Prepare to be inspired by...
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Don't Miss Out On Today | Mark Ross | 068
Catching Up to FI
Mark Ross is a retired executive and a rewired encorepreneur. Mark shares his journey from a traditional career into retirement and how he shaped a fulfilling post-retirement life through diversifying his interests, categorizing his work into things he does for a fee, for free, and just for himself. Through his personal story, he highlights the importance of a growth mindset, staying curious, and building relationships. This episode also marks a bittersweet moment as Becky says her final goodbye as co-host, but we will see her around the community. Thank you for everything, Becky! š ...
info_outlineDiana Falck is a 52-year-old retired wife, stepmom to six, Glamma to six, and financial literacy advocate residing in Arizona. She is also on the staff of Catching Up to FI as our Facebook group administrator and social media maven.
Diana has an inspiring story of persistence, diligence, and compassion. Burdened with a six-figure MBA debt for over a decade, the Chicago-born Italian was determined to become debt free and enrolled in Financial Peace University. She went gazelle intense to pay off debt, save for an emergency fund, and invest for retirement.
Due to the overhaul in her life, she wanted freedom for others and volunteered in stewardship ministries and then the Financial Independence community. Diana married at 48 and went around the debt mountain for a second round. She is passionate to help and encourage late starters as the journey hits very close to home.
š Connect with us
Thank you to our sponsors:
Personal Finance Club (Use code CUTOFI to get $30 OFF any course or PFC investing course only!)
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Corrections:
12:30 Study abroad in Spain was a program that Marquette sponsored at Universidad Complutense de Madrid.
29:07 Gig was for three weeks
29:14 21 days
30:11 three weeks
42:21 2020, not 2000
49:30 Jan 2020, not Dec 2020ā¦it took 19 months
Resources mentioned on the show:
Peace Corps: The Toughest Job You'll Ever Love
CURE International (Afghanistan)
Geoarbitrage: Physical Presence Test
Begin at 14:40 for scene: Break the Chains of Debt
Legacy Drawer (Dead Box-Jeremy Personal Finance Club)
Financial Literacy Education - ChooseFI
The Shockingly Simple Math Behind Early Retirement
Fight back and WIN - "Bankrupt" - Taylor Swift Bad Blood Parody
Resources that helped Diana's/Falck's Money Journeys
Apps that saved our marriage
Google Calendar: shared
YNAB & Nick True for YNAB Help
Movies
Books
The Total Money Makeover ~ Dave Ramsey: For Debt ONLY
ChooseFI: Your Blueprint to Financial Independence
I Will Teach You to Be Rich ~ Ramit Sethi
Financial Freedom ~ Grant Sabatier
48 Days to the Work You Love ~ Dan Miller
Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life ~ Jordan Grumet, M.D.
Diana would like to dedicate her first podcast to her late cousin, Ida and brother, Tony.
If you or someone you know is struggling with addiction, help is out there, and freedom is possible. As with any programā¦the steps work:
Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.