Entrepreneur vs. Employee Path to FI (Mad Fientist Replay)

We (Cody and Justin) have both achieved financial independence through drastically different paths.

This episode was a takeover episode for The Mad Fientist’s podcast where we break down the similarities and differences between an employee’s path (Justin) and an entrepreneur’s path (Cody) to FI!

Highlights:

• Live-in flip vs. house hacking
• The sweet spot for buying used cars
• Why focusing on fixed expenses is important
• How to 5x your corporate income
• The unlimited upside of entrepreneurship
• How to get started investing if you’re scared/nervous
• Nest-egging vs. cash-flowing your way to financial independence
• The benefits of a Solo-401(k) for entrepreneurs
• Why the corporate world is great for certain types of people
• Benefits and downsides of entrepreneurship
• Why it’s important to not keep up with the FI Joneses either

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Links From the Episode

• The Mad Fientist’s Podcast
• Our Mega Backdoor Roth Episode
• The Mad Fientist’s Mega Backdoor Roth Article
• Mad Fientist’s Twitter

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Learn More About Your Hosts

CodyDBerman.com (Cody’s Blog)

Saving-Sherpa (Justin’s blog)