Afleveringen
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Today I talk about the book “the simple path to wealth” by JL Collins.
I think it is one of my FAVORITE books on financial independence.
Listen to this weeks episode to find out why.
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Links mentioned:
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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If you use Mint to track your budget, it’s going away at the end of 2023.
A budgeting platform I have been using for several years is called You Need A Budget (or YNAB for short).
This week’s episode talks about the envelope method, which is the foundation for YNAB. Then I discuss how YNAB has taken that system and supercharged it with their platform!
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Links mentioned:
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Zijn er afleveringen die ontbreken?
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In this podcast I discuss the 5 steps to creating a budget.
I truly believe this is a bulletproof method to approaching your finances so that you can stop living paycheck to paycheck and start getting ahead!
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Links mentioned:
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Do you know what a vesting schedule is?
Partial vs full matching to your retirement account?
Are you leaving FREE money on the table at your job?
I’ll cover all of that on episode 17 of the Unlock FI podcast!
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Links mentioned:
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Let’s discuss paying back your student loans. Do you HAVE to?
Today I discuss what I will be doing (HINT - it’s in the title).
I talk about my exact strategy I will use and hope it gets you thinking about your student loan situation! Enjoy
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Links mentioned:
IDR waiver link - Student Loan Planner
https://www.studentloanplanner.com/idr-waiver-how-to-qualify/
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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I recently had a consultation with Student Loan Planner about my student loans and what would be the best option for me moving forward. Listen in to hear about the process from start to finish and how much money this call will potentially save me, and potentially save you too!
This episode is not sponsored by SLP, but I wanted to give you all an idea of what the process is like incase you were on the fence about signing up, which you definitely should! Enjoy!
Sign up for the Monthly Newsletter HERE
Links mentioned:
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Lifestyle inflation creeps up on all of us. But when we are clear on what we value, we can trim the fat (our spending) on the things we truly don’t value. Listen in today to learn about lifestyle inflation as a PT and how you can identify when it’s happening to you and what to do about it!
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today on the show I talk about why car loans might be a THE thing keeping you from reaching FI sooner than you’d like. Did you get a new car after you graduated PT school? Are you paying >$300 for your car loan? Listen in to see how that may be costing you over $100,000!
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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All of our financial decisions are based on our history with money. Seeing as I will be talking about financial topics on this podcast, I thought it would be fair to give the listeners a background into my financial journey. With this knowledge, you might be able to better understand my approach, even if it is different than yours!
Thanks for listening!
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today I talk to you about how a physical therapist making a reasonable salary can achieve Coast FI by their early 40’s. I also talk about how I will be approaching the Coast FI method as I embark on my next PT setting. Listen to find out how you can too!
Coast FI calculator mentioned
https://walletburst.com/tools/coast-fire-calc/
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today on the show I cover the HUGE student loan news and the new SAVE plan.
I also talk about mindset surrounding student loans and give some examples on how it could be helpful to look at student loans differently than you have.
Sign up for the Monthly Newsletter HERE
Links mentioned:
Student Loan Planner Calculator
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today I break down a few topics relating to budgeting for physios, including:
Why budgeting is important for PT’s What app’s there are/what I use Categories of a budget How to decide how much money to put towards each category Checks and balances on the budgetSign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today I discuss, in order, the top 5 books I think every PT who is pursuing FI should read. Listen in to figure out what the books are and why I think they are beneficial to PT’s!
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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EXTRASODE - 2 for 1 today.
Today I'm debunking the thought that PT school is a bad financial decision. Is it true that we aren't paid as much as we should be for a doctoral degree?Sure. Is the debt we take on insane? Absolutely. But can you live a life of abundance as a PT with this debt and still become financially independent? 100%!!Pre-PT and SPT's can get discouraged about the decision they've made to become a PT. Current PT's can feel like there is no hope for getting out of their student loans and saving for retirement. I hope you enjoy the episode and let me know your thoughts in the comment GOOD OR BAD. All points are valid.
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today Matt talks about the difference between investment accounts and investments! Is a 401k an investment? investment account? What about a Roth IRA? All this is answered on todays podcast.
Matt also talks about what an index fund is. If you’ve heard the term buzzing around the FI world, Matt dives into what it is and why you should almost certainly have them as a part of your FI journey.
Sign up for the Monthly Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today I discuss what I think are the Pillars of FI! Spotify listeners, I would love your feedback after you listen to the show, answer the question on what you would add.
Sign up for the Monthly Physio FI Newsletter HERE
Links mentioned:
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Today we discuss the most precious resource in the world: your time. What would you do with your time if you had all the money you needed and no financial worries?
Links mentioned:
https://jamesclear.com/value-of-time
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
Music by ComaStudio from Pixabay
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Matt discusses how much you need to retire, where does the number come from, and why it's the 4% rule.
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
LINKS
Trinity study
https://www.aaii.com/files/pdf/6794_retirement-savings-choosing-a-withdrawal-rate-that-is-sustainable.pdf
Spending decreases as we age
See: stages of retirement models and scroll to the recommended annual spending drop https://www.bogleheads.org/wiki/Models_of_spending_as_retirement_progresses#:~:text=Ty Bernicke published a widely,in stages after age 75.
Music by ComaStudio from Pixabay
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Matt discusses how the Southwest Companion pass is the #1 Travel Hack. You’ll learn what it is, how he gets it every 2 years, and actionable steps you can do now to get it for yourself!
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
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Join Matt McClanahan PT, DPT, OCS as he tells you what this podcast will be about and what you can expect moving forward! We would love it if you joined the Facebook group, Followed on IG, and Subscribed on Youtube so you never miss any information and are surrounded by like minded individuals on the path to FI!
Financial Independence for Physical Therapists FB group
Unlock FI Instagram
Unlock FI Youtube
