featured image for podcast episodeFrom Vision Board to Action: A FI Success Story | Rakesh

From Vision Board to Action: A FI Success Story | Rakesh
Episode 436

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Posted by Choose FI

Episode Guide

Episode Summary:

Rakesh shares his transformative journey towards financial independence, which began after discovering ChooseFI in January 2020. Struggling with credit card debt and lacking a clear purpose for his savings, he made significant changes after becoming part of the ChooseFI community. From creating a vision board to prioritize investments, automating savings, and navigating market downturns, Rakesh learned to take control of his finances. He highlights the importance of setting actionable goals, embracing investment opportunities, and making strategic choices like relocating to a lower-cost living area, which dramatically increased his savings rate. By actively applying financial independence principles, Rakesh not only improved his own situation but also inspired others in his community to take similar steps towards financial empowerment.

Episode Timestamps

In this episode: getting comfortable investing, the vision boards, salary negotiations, and the skill of spending

Whether it's wanting to pay off your debts or get yourself set up for your future, there are many motivations for wanting to begin the path toward FI. This week we are joined by listener and fan of the podcast Rakesh to discuss how his journey to FI has been over the last 3 years and the lessons he’s learned along the way. We often stress on the podcast the importance of bold moves and taking action as an important step to achieving FI, and Rakesh embodies just that! Everyone on this journey starts from a different place, just as everyone’s long-term goals differ, but don’t allow yourself to be bogged down by the little hiccups that come with this journey. By pushing ahead and being mindful of your short and long-term goals, you may find yourself stepping out of your comfort zone toward the life you want to be living! 

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Timestamps:

  • 1:15 - Introduction
  • 4:50 - The Evolution Of The FI Journey
  • 12:52 - Getting Comfortable Investing
  • 22:09 - The Vision Board
  • 30:39 - The Skill Of Spending And Future Planning
  • 37:13 - Low Cost Of Living Areas
  • 43:05 - Salary Negotiating And Job Transitioning
  • 53:11 - The Impact Of Staying Put
  • 56:06 - Conclusion

Resources Mentioned In Today’s Episode:

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