The Lifestyle of Investing: A Guide to Achieving Your FIN Number

Episode 24, Understanding Financial Independence Number (FIN) and Investment Lifestyle In this comprehensive discussion, Jake and Lincoln talk about the concept of Financial Independence Number (FIN), a target you aim for that will allow you to retire without worrying about money. They emphasize how investing is not only about money but it is a lifestyle that needs to be incorporated and nurtured. The hosts break down calculations and explain how inflation will drastically change required income over the years. The session allows listeners to understand the value of investing for reasons other than tax breaks and the risk of over-housing oneself. They play around with different percentages of investment and demonstrate potential inflation impacts. The episode is an encouragement to listeners to build an investment lifestyle and develop a saving mindset as it assures one a better future and contingency plans for unpredictable life scenarios. 00:00 Introduction and Catching Up 00:58 Reflecting on the Last Episode and Listener Feedback 02:11 Addressing Listener Questions: Basement Suite Rentals 05:21 Transitioning to the Main Topic: The Financial Independence Number 05:55 Understanding the Financial Independence Number 08:15 Calculating Your Financial Independence Number 10:20 The Power of Investing 10% of Your Income 12:14 Understanding Your Financial Commitments 12:49 The Impact of Rising Incomes and Real Estate Prices 14:02 Investing as a Lifestyle 14:10 Upcoming Investment Course 14:34 The Paradigm Shift in Investing 15:19 The Importance of Saving Money 17:50 Understanding Your FIN Number 22:23 The Five Reasons to Save Money 23:28 Reaching Out for Financial Advice 24:05 Closing Thoughts on Money and Character E-mail: [email protected]