Today's guest is Chris Mamula, author of the book Choose FI. Chris and Dawn talk about FIRE, the importance of being a "valuist," rethinking college, and how to travel for less.
Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning.
Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design at Can I Retire Yet? Chris has been featured on MarketWatch, Morningstar, U.S. News & World Report, and Business Insider. He is also the primary author of the book Choose FI: Your Blueprint to Financial Independence.
You can reach him at chris@caniretireyet.com.
Blog: https://www.caniretireyet.com/ Show transcript:
Hey there. I'm Dawn Starks, author of Simplify Your Financial Life and your host for the SimpleMoney Podcast, where we make personal finance simple. Welcome. This is Episode 147. Today's interview is with Chris Mamula. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. Now he draws on his experience to write about wealth building,
DIY investing, financial planning, early retirement and lifestyle design at Can I Retire Yet? Chris has been featured on MarketWatch, Morningstar, US News and World Report, and Business Insider. He is also the primary author of the book Choose FI: Your Blueprint to Financial Independence. I hope you enjoy my interview with Chris Mamula.
DS: Welcome to the SimpleMoney Podcast,
Chris, glad to have you here.
CM: It's a pleasure to talk to you.
DS: So your book, Choose FI, talks about a concept that's pretty popular these days, and that is this concept of financial independence. Can you tell my listeners a little bit about what your thoughts are about financial independence?
CM: Yeah. So to me, financial independence is really just about having the freedom to do whatever you want,
as far as making decisions independent of money. So I think the book, and really a lot of the attention is on the concept of FIRE - Financial Independence Retire Early. And I think "retire early" is what most people kind of gravitate to because they have a concept of retirement and not many people really understand financial independence.
It's very vague and people can define it however they want, but we kind of really just, we focused on the financial independence in the book and, I think that's just a much more appropriate goal and much more important goal. And then you can choose to do whatever you want once you hit that point.
DS: Well, in my financial planning practice,
I have been trying to change the conversation a little bit towards talking about financial independence because my wh
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