Today, we have an in-depth conversation with Brandon, the Mad Fientist. If all goes according to plan, Brandon should have enough money by the end of next year (2014) to never have to work again. He will be in his early 30s.
Today’s show goes fairly deep into some of the technical strategies that Brandon is pursuing. Use the links below to follow the strategies farther.
Resources for today’s show:
Today’s show goes fairly deep into some of the technical strategies that Brandon is pursuing. The best materials to start with are his original blog posts. Here are the posts we referenced in the show:
- The Perfect Life – Brandon’s essay discovering, analyzing, and planning his perfect life.
- My Wife is Not a Fientist – Is your marriage doomed if one spouse is an aggressive saver and the other is a spender?
- An Unexpected Guest Post – How Brandon’s wife’s thinking is changing over time.
- The article Brandon references on Afford Anything: Quit Your Job, Travel, and Live Remarkably Paula’s article on how people are impressed if someone travels the world for a year, but most people aren’t impressed with a new Honda Civic.
- The Triple Value of Income – If you spend the money today, you get to use it one time. But if you save and invest it, you get multiple levels of value from it.
- The Red Ring Problem – What is the point of saving money or investing money if I’m only going to get to enjoy it when I’m too old to care?
- Lab Rat and Assumptions – Brandon’s case study to illustrate how a person can optimize their financial independence strategy.
- Shortest Path to Financial Independence – The first steps to take to start building a financial independence plan.
- Retire Even Earlier Without Earning More of Spending Less – The actual numbers showing the impact of savings achieved through tax-advantaged account.
- Traditional IRA vs. Roth: The Final Battle – Brandon’s strategy to use both a Traditional IRA and a Roth IRA to achieve fully tax-free income.
- IRS tables showing the 2013 Roth IRA contribution limits and the Traditional IRA contribution limits.
- The Ultimate Retirement Account – Advantages of contributing to and using a Health Savings Account (HSA).
- Free Ivy League Degree – Ideas on getting a “free” degree by working at the university in which you’re studying.
- Travel Hacking and Slow Travel – How Brandon and his wife traveled to London and Scotland for $150 out of their pocket, thus saving $2,000. If you’re interested in travel hacking, here are some of the resources Brandon suggests as a starting point in his blog post: Mile Value (his favorite blog), Million Mile Secrets, The Points Guy.