Episode 57

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Published on:

14th Mar 2022

A 2-Step Plan to Retire in 15 Years | E57 Jeremy Schneider

Investing is complicated…but does it need to be? Starting your investing journey can be super overwhelming especially in this age of information overload: stocks, crypto, FAANG, options, bonds. This brings up the obvious question: what should I invest in?

Personally, I want to understand what I am investing in, how it creates its value, and ultimately, what my return will look like. This has led me to today’s guest, Jeremy Schneider.

Jeremy is the Founder of Personal Finance Club. He has a wildly popular Instagram by the same name where he is dishing out simple, unbiased information on how to win with money. Jeremy doesn’t have any get rich quick advice for you today but he will share a simple 2-step plan to retire in 15 years.

Along with that you’ll hear his delineation between investing vs speculating, how to easily invest through target date funds, and his experiment about living on a $5 vs $500 daily food budget.

 

Key Takeaways:

[2:38] Selling RentLinks and hitting financial independence

[10:21] Why you need to invest, not save, your money

[13:30] Investing vs speculating

[16:05] How to figure out which companies to invest in

[20:19] The cost of actively managed mutual funds

[26:57] Alternative to mutual funds…index funds

[31:38] How to easily invest through target date funds

[38:25] 90/10 rule

[41:26] 2 step plan to retire in 15 years

[43:40] Jeremy’s experiment: $5 vs $500 food budget

[50:48] Starting Personal Finance Club  

 

Mentions:

What You Need to Know About Taxes in Your 20s | E39 Sean Mullaney

 

More of Jeremy:

Website: Personal Finance Club

Instagram: @personalfinanceclub

LinkedIn: Jeremy Schneider

 

More of TSIR:

Find show notes and more at https://www.tsirpodcast.com/

Follow us on Instagram at https://www.instagram.com/tsirpod/

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About the Podcast

FI Minded - Financial Independence Without the Extremes
Achieve Financial Independence & Have Fun Doing It
Pursuing financial freedom, a work-optional lifestyle, or early retirement often leads to the same questions: “one more year,” “do I have enough?” “what does life actually look like after this?”

FI Minded helps you think like someone who’s already financially independent so you can make smarter decisions about how you work, spend, and live.

From Coast FI and Slow FI to lifestyle design, career transitions, healthcare, and self-employment, each episode explores the real decisions behind building a flexible, work-optional life…without burnout, over-optimization, or missing out along the way.

We cover:
* Smarter ways to reach financial independence (without burnout)
* Designing a flexible, work-optional lifestyle
* Coast FI, Slow FI, and enjoying your time along the way
* What life actually looks like after FI (and how to prepare for it)
* The tradeoffs behind big money decisions

Make progress toward financial independence while actually living your life.

Some of our past guests include Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Jill Sirianni (Frugal Friends), Jackie Cummings-Koski (Catching Up to FI), Joel Larsgaard (How to Money), Cody Garrett (Measure Twice), Jesse Cramer (Personal Finance for Long-Term Investors), Jess (The Fioneers), Chris Hutchins (All The Hacks), Diania Merriam (EconoMe), Andy Hill (Marriage Kids Money), Fritz Gilbert (Retirement Manifesto), and and others helping you rethink how to approach financial independence.
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