logo
episode-header-image
Sep 2024
1 h

511 | Take the Next Step | Ginger Roundu...

ChooseFI
About this episode

In this episode: doing the hard things, travel rewards, the gap and the gain, health and wellness, and real estate.

This week we are back with another listener Mail Bag featuring Ginger. Listen along as we cover a range of topics from recents trips we’ve taken, facing and overcoming challenges, The Gap and the Gain, taxes in retirement and a realistic outlook on how much you’ll be paying, the rule of 72, as well as shout out some of your FI wins! So much to cover and much more to learn in this week’s episode.

🔑 Key Themes Discussed:
  • Financial Independence (FI) journey and making big life transitions
  • The importance of experiencing challenging tasks to build resilience (“doing hard things”)
  • Insights on taxes in retirement: why you may pay less than expected
  • Travel hacks: optimizing family cruises and travel rewards points
  • The psychological approach to financial success: The Gap and The Gain concept
  • Personal health and wellness: Brad’s journey with hiking, saunas, and cold plunges
  • Community wins: listener success stories on saving, investing, and achieving FI
  • Health insurance strategies for early retirees
  • Real estate strategies and long-term capital gains tax advantages
  • Addressing common FI misconceptions and how to optimize your finances
🕒 Chapters:
  • 00:00 – Introduction and Recent Trips
  • 01:30 – Travel Rewards and Cruise Optimization
  • 06:00 – Family Vacations and Cruise Hacks
  • 08:30 – Colorado Trip and Doing Hard Things
  • 10:00 – Hiking Challenges: Lessons from FI and Fitness
  • 17:00 – Financial Independence Journey: Overcoming Obstacles
  • 21:00 – The Gap and The Gain: Mental Shifts for Success
  • 27:00 – Understanding Taxes in Retirement
  • 35:00 – Health Insurance and Early Retirement Strategies
  • 40:00 – Capital Gains Tax and Real Estate in FI
  • 48:00 – Listener Questions and Real-Life Examples
  • 55:00 – Community Wins: Listener Success Stories
  • 59:00 – Travel Rewards Victory: Booking Free International Trips
Resources Mentioned In Today’s Episode: More Helpful Links and FI Resources:
Up next
Today
Mini-Retirements: Test Driving Financial Independence | Ep 561
Brad Barrett welcomes Jillian Johnsrud, author of Retire Often, as they delve into the transformative concept of mini retirements. Jillian shares her insights on how taking intentional breaks from work can enrich life experiences, enhance personal growth, and help individuals nav ... Show More
50m 16s
Aug 18
Living Off the 4% Rule | Marla Taner | Ep 560
Marla Taner shares her journey of living off the 4% rule since her retirement in 2013. She discusses the financial strategies that have supported her abundant lifestyle, the emotional aspects of transitioning into retirement, and the importance of reassessing fixed costs. Marla's ... Show More
1 h
Aug 11
Zero-Based Everything: FI, Travel, and the Art of Starting Fresh | Katie & Alan Donegan | Ep 559
Join Brad, Katie, and Alan in a candid conversation about financial independence, travel rewards, and lifestyle choices. They discuss the importance of zero-based thinking, share experiences as digital nomads, and challenge conventional views on net worth by introducing the conce ... Show More
1h 20m
Recommended Episodes
Jun 2023
The Pursuit of Balance: An Honest Conversation w/ BiggerPockets Founder Josh Dorkin on Fame, Fulfillment, and Personal Growth
What happens on the other side of building everything you've ever wanted? Throughout our conversation, Josh candidly discussed the ironies of fame and how it rarely leads to true happiness and satisfaction. We also explored the importance of living life for ourselves rather ... Show More
51m 49s
Jan 2025
Tim Ferriss | Rituals, Reinventing Success & the Power of Failure
I sat down with Tim Ferriss, the bestselling author, podcast legend, and self-experimenter, to dig deep into his journey and latest insights. We covered everything from his renowned fasting routines to how he’s redefined productivity and success through books like The 4-Hour Work ... Show More
1h 7m
Jan 2024
The Life of an Entrepreneur in 1 Hour - Best Motivational Video for Entrepreneurs | Thach Nguyen
Dive into the compelling world of Thach Nguyen as he shares invaluable insights on wealth, family, and success, urging you to prioritize what truly matters in life, in this riveting video that goes beyond the business of real estate. --- Want to be coached by me on real estate in ... Show More
1h 9m
Jan 2025
The Journey to 200: Business, Life & Authentic Leadership
In this milestone 200th episode of The Business Development Podcast, host Kelly Kennedy takes a step back from the usual format for a deeply personal and reflective conversation with his partner, Shelby Hobbs. Together, they celebrate not just the podcast’s incredible journey, bu ... Show More
1h 5m
Mar 2025
562: Skills for Success
What are the essential Skills for Success in small business and life? Show Notes Page: https://www.thehowofbusiness.com/562-skills-for-success/ In this episode, Henry Lopez and guest co-host David Begin break down the critical skills and traits that lead to long-term success. Fro ... Show More
58m 25s
Nov 2024
LIFE COACHING: Building A Life Of Choices
LIFE COACHING: Building A Life Of Choices In this episode of Join Up Dots, David Ralph shares listener emails from around the world, each asking thought-provoking questions about the principles and philosophies that guide his life and business. From balancing work and personal li ... Show More
23m 34s
Oct 2024
Jason Silver on How to Use What You Have to Get What You Desire | EP 527
In this episode of the Passion Struck Podcast, host John R. Miles welcomes Jason Silver, a multi-time founder, startup advisor, and author of "Your Grass Is Greener: Use What You Have, Get What You Want at Work and in Life." Jason shares his transformative journey from engineerin ... Show More
1h 11m
Jan 2024
40 Minutes That Will Change Your Life Forever
What legacy are you creating? --- Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyinvestor.com/podcast --- In Ryan's speech about legacy from WealthCon, he reflects on the importance of how one wants to be remember ... Show More
43m 5s
Jan 2024
The TRUTH About Video Podcasting - Watch Before You Start a Video Podcast | Omar Elattar
Omar Elattar is the host of "The Passionate Few" podcast, where he shares inspiring stories of entrepreneurs, including notable figures like Grant Cardone and Gary Vee. Watch our full interview from September 2022! --- Want to be coached by me on real estate investing? Join our W ... Show More
47m 34s
May 2024
Private Equity Spotlight: Building Future Leaders with Bob Belke
In this episode of the "Karma School of Business Podcast," host Sean Mooney engages in a captivating discussion with Bob Belke, Managing Partner at Lovell Minnick Partners. From a small town in Northern Wisconsin to the forefront of the private equity industry, Bob shares his uni ... Show More
40m 9s