FIRE Movement Tips From the Author of FIRE for Dummies

Modern Husbands Podcast

Welcome to the Modern Husbands podcast, where any combination of Dr. Bruce Ross, Christian Sherrill, and Brian Page host national experts who share winning ideas to manage money and the home as a team.
Today we welcome Jackie Cummings Koski, a single mom of one adult daughter who retired as a millionaire at the age of 49. She is the author of the recently released “F.I.R.E. for Dummies.” Jackie earned CFP® and AFC® credentials; and went back to school to get a master’s degree in financial planning & financial therapy from Kansas State University.
Today’s episode is jam packed with FIRE movement tips! Enjoy the show.
Questions Answered
00:00 Introduction
01:19 Where did your passion for financial independence come from?
03:42 What is the FIRE Movement
08:52 The difference between FI and FIRE
12:15 Can you walk us through the mindset and psychology of FIRE?
17:17 Was there a moment while you were building up to your FIRE movement that you realized how incredible of an experience the journey was for you?
21:07 How do you organize your finances for FIRE?
29:14 Make the company pay the 401k fee.
30:58 What are your favorite hacks to increase your savings and investing commitments?
34:21 What strategies do you recommend to reduce your debt, expenses, and taxes?
46:14 Can you FIRE with debt?
49:45 What is one piece of simple and actionable advice you want to leave our listeners with?
Jackie's Book, FIRE for Dummies: https://www.amazon.com/FIRE-Dummies-Business-Personal-Finance/dp/1394235011
Catching Up to FI Podcast: https://catchinguptofi.com/
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Chapters

1. Introduction (00:00:00)

2. Where did your passion for financial independence come from? (00:01:19)

3. What is the FIRE Movement (00:03:42)

4. The difference between FI and FIRE (00:08:52)

5. Can you walk us through the mindset and psychology of FIRE? (00:12:15)

6. Was there a moment while you were building up to your FIRE movement that you realized how incredible of an experience the journey was for you? (00:17:17)

7. How do you organize your finances for FIRE? (00:21:07)

8. Make the company pay the 401k fee. (00:29:14)

9. What are your favorite hacks to increase your savings and investing commitments? (00:30:58)

10. What strategies do you recommend to reduce your debt, expenses, and taxes? (00:34:21)

11. Can you FIRE with debt? (00:46:14)

12. What is one piece of simple and actionable advice you want to leave our listeners with? (00:49:45)