Episode Guide

Episode Summary:

Deanna returns to share an inspiring personal journey of overcoming addiction and achieving financial independence. After paying off nearly $47,000 of debt and embracing a proactive budgeting strategy, she discovered the power of investing and the freedom that comes with financial literacy. Now living a life centered on intentionality, Deanna highlights the importance of having a support system and learning from financial mentors like Dave Ramsey. Ultimately, her story exemplifies resilience, illustrating how recovery from personal struggles can lead to empowerment in both finance and relationships. As she embarks on new ventures, including writing a book and founding a ministry to support others, Deanna proves that it\u2019s never too late to rebuild and pursue a fulfilling life. Her experiences reinforce that with the right tools and mindset, anyone can transform their circumstances and achieve their dreams.

Episode Timestamps

In this episode: budgeting, the power of FI, different funds, living in the present, and the power to make your choices.

No matter your background or the hardships you’ve endured, you should never rule yourself out for success! Ruminating over your past mistakes can make you feel undeserving of the life you want, but those same mistakes can actually serve as motivation to propel you further on your journey! This week we are joined by returning guest Deanna to discuss how her FI journey has progressed in the last 4 years, the freedom and power she gained from budgeting, and an update on her journey of overcoming adversity. Just because you feel you’ve hit a rock bottom doesn’t mean this journey isn’t for you. A large part of FI is making mistakes, learning, and changing. An even larger part of this journey is learning to forgive yourself and others and continue on! For those who do not think they are capable of achieving FI because of their past, let Deanna and this episode serve as an example of what this journey can look like when you act with forgiveness and intentionality!

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Timestamps:

1:34 - Introduction
2:13 - Deanna's Backstory
6:13 - Budgeting
14:16 - The Emergency Fund
17:31 - Different Funds For Different Things
22:50 - The Power of FI
27:19 - It's Not All Unicorns And Rainbows
33:52 - Kintsugi
39:01 - Living In The Present
43:32 - Deanna Today
48:10 - The Freedom To Make Your Own Decisions
52:06 - Conclusion

Resources Mentioned In Today’s Episode:

Life Changing

05/27/2019

Ferfgujhtdg

ChooseFI is fantastic! I found it in January after hearing Brad and Jonathan on another podcast and dove right in. Each episode they give you something new to take action on to “accumulate marginal gains” on your path to financial independence. Since I started listening we’ve lowered our expense ratio on one retirement account 20x! I’ve also shared the podcast with family, friends, and co-workers and can only hope they take note. I always tell people to start with the “Why of FI” and then “The Pillars.” I’m as close as 5 years from my first retirement and with what I’ve learned and put into practice it may be my only retirement at 43yrs old. The FIRE is SPREADING. Keep up the great work.
Best Wedding Present Received

12/17/2019

gmellon47

My wife and I got married on October 5th this year. My Uncle came from Hawaii and during breakfast one morning he started telling me about ChooseFI, travel rewards, index funds, the Personal Capital app, and all sorts of FI 101. While a bit overwhelmed by all this, I made sure to check out ChooseFI in the next few days. Fast forward some eighty hours of soaking in Brad and Jonathan’s content and I am hooked. As a 31 year old who loved to live intentionally, ChooseFI has sparked new meaning to our value of being intentional. We are so grateful for all your content and we have taken so many steps outlined here on the podcast. I’ve helped spread the FIRE with a few friends who I thought may be interested, and those who have listened to the podcast expressed their genuine gratitude for sparking their own FIRE. Of all our wedding gifts I can truly say this is the most valuable and will last a life time. My heart felt thank you for everything you guys have created, shared, and brought to light.

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Resources Mentioned In Today’s Episode:

Life Changing

Best Wedding Present Received