FIRE．致富實踐： 全美破千萬收聽的理財人氣podcast「ChooseFI」實體化，完整傳授財務自由的關鍵心法

by Chris Mamula, 李靜怡 (Translator), Brad Barrett

要將人生複利化，你需要掌握致富三大因素──
時間、本金與報酬率
本書從消費儲蓄、理財投資、人生增值技巧著手，
Step by Step教你提高本金、強化報酬，加速打造源源不絕的現金流！

　　★第十屆普洛托斯獎（Plutus Awards）「最佳FIRE podcast」得主
　　★全球財務自由者不藏私傳授加速致富的祕訣，
　　影響全美超過10,000,000人的實戰理財指南！

　　你是社畜、月光族、小資族、窮忙族或三明治世代嗎？
　　－口袋空空存不到錢？
　　－拼死拼活上班，覺得被工作綁架？
　　－背學貸、車貸、房貸好辛苦？
　　－完全不懂投資，該怎麼開始？
　　－嚮往早早退休享受自由人生，卻不知從何著手？

　　2016 年，35 歲就成功財務自由的布萊德・巴瑞特，和努力追尋財務自由的喬納森．曼德沙聯手製播「選擇財務自由」podcast，討論如何從不同面向（如投資、節稅、日常消費等等）實踐財務自由，也採訪多位理財達人。該節目在世界各地獲得極大迴響，更創下破千萬下載數的好成績。本書由兩人和另一位財務自由者克利斯．瑪慕拉合著，濃縮podcast的精華成簡單好懂的行動步驟，教你擺脫財務困擾，擁抱理想的富足生活！

　　透過本書，你將學會創造富足、實踐財務自由的複利心法：
　　．建立終身受用的金錢哲學
　　．跨領域學習、多方涉獵，投資自己
　　．成為價值論者，過自己真正想要的生活
　　．「微FIRE」vs「豐FIRE」的儲蓄心法
　　．稅務、保險規劃，兼顧理財和保障
　　．降低花費的80 / 20 法則
　　．聰明理財的4％法則
　　．打造穩健獲利的投資組合

　　實踐財務自由、成為FIRE理財族不代表要極度節儉、擁有超高收入，或有天才般的投資眼光，書中由儲蓄原則、投資心法到加值人生的技巧等，一步一步地幫助讀者打穩FIRE基本功，樂享資產累積的碩果。

Genres: Finance, Personal Finance, Nonfiction, Money, Business, Audiobook, Self Help

368 pages, Paperback

First published October 1, 2019

Reviews

[Hugo P · Rating 5 out of 5]

I really enjoyed this book. The book feels and sounds like the author’s podcast, which I highly recommend. It's simple, straight to the point and full of “interviews” including quotes from famous financial bloggers to regular people.

The chapters are broken down following the pattern that most people who are FI (financial independence) take. Like Jonathan and Brad’s podcast, this book is middle-grounded. It talks about the steps to reach FI without favoring any specific method ( being frugal or making more money). They don’t pick a side. They challenge you to find your own path. There is also some homework to do at the end of every chapter, which helps the reader to take action.

I also enjoyed that they paid homage to those who helped spread the idea of FI by mentioning their names and blogs. In a lot of ways its a humble approach to admitting that they learned from others to reach the position where they are today.

As a veteran in the FI community, I also enjoyed that they included the iconic moments that happened such as Tim Ferris’ interview with Mr. Money Mustache. In a strange way, it felt nostalgic.

If you are new to Financial Independence, you can’t go wrong with this book. If you are a veteran, you may enjoy this book as I did.

Worth your time and money.

[Charlie · Rating 5 out of 5]

Ever since I quit my high-paying DC job and freed myself from the rat race two years ago, I've been preaching the ideas of life independence to my wife, but I was doing a crappy job convincing her… until I heard Chris on the Dough Roller podcast and picked up this book earlier this month. For the past few weeks, my wife and I have been reading the book together (we each bought our own Kindle copies) and learning the FI framework and blueprint. We've been meeting every few days to do the action items together that they put at the end of each chapter. She has never shown an interest in personal finance or saving until now. Last night she told me that she never understood why people save money to wait to spend until they're old and gray. Now she gets that FI is different from retirement, and as a result, we are finally on the path. I grew up in a lower middle class family so have worried about money my entire life. Not being on the same page with her about the importance of saving and being smart with money literally used to keep me up at night. I'm so relieved that she's on board with FI now. This book is the reason.

[Kristy · Rating 5 out of 5]

This is a comprehensive book about how to become financially independent, filled with personal stories and inspirational examples of those in the FIRE (Financial Independence Retire Early) community. Chris, Brad, and Jonathan do a great job of presenting all the different paths (index investing, real-estate investing, entrepreneurship) you can pursue to become FI and live a life of freedom. As fathers, they also understand what it means to pursue FI with a family and how to create a life that enables you to spend more time with your loved ones.

Even though I've read a ton of finance books, this book still surprised me with useful, unexpected tips like "how to hack college costs", how to succeed as an entrepreneur, what to do about healthcare costs, etc. etc. It's packed full of information from experts in the community who've successfully implemented all these solutions.

If you want a life of freedom, choose FI. If you want to choose FI, buy this book.

[Ruby Escalona · Rating 2 out of 5]

As much as I wanted to like this book, I can't. I have read a lot of other personal finance books and I feel that the information here is just a compilation of everything I've read before so there's nothing really new.

Then I decided to put myself in the shoes of a person who's just new to FI, would this book have helped them? Maybe, but I don't who the target audience of this book is clearly - is it for people who have listened to the podcast and want a summary of the key takeaways? Is it for a completely new person to FI?

Also, the examples in the book are all stories of bloggers. Every single one. There should have at least been a few interesting stories or takeaways of people on the podcast that are not bloggers, right? If I was new to FI, not a blogger and I read/listened to this book, I would probably think that FI is for a certain type of people - either bloggers, those who earn a ton of money (ie engineers, pharmacists, accountants), and it may not entirely be achievable for other people.

But anyway, to summarize it - the main takeaway of this book is to look for what you value the most in life and save on the rest to reach financial independence. There's many techniques out there, and if you want to learn more, read Financial Freedom by Grant Sabatier or Quit Like a Millionaire by Kristy Shen first.

Plus points because the book has good illustrations/cartoons.

[Aaron Dutton · Rating 5 out of 5]

Better than I expected. I’ve been a listener of the ChooseFI podcast since the early days and I figured the book would be a rehash of all the podcast material.

In some sense, it was, but I was pleasantly surprised by the way it was curated. The material felt fresh and very concise. It also seemed like this book would be helpful to someone who had never listened to the podcast at all.

[Mike Knirnschild · Rating 2 out of 5]

All fluff and no substance. Probably more suitable for those with little to no personal finance knowledge.

[Allie Redner · Rating 5 out of 5]

Definitely one of the more useful books on FI. Full of actionable items and stories about real people with different backgrounds and situations. If you’ve been involved in the FI community for a long time you may not see a lot of new information here but it is nonetheless a great compilation of knowledge for people who are in the beginning or middle of their FI journey.

[Heidi Chiavaroli · Rating 4 out of 5]

Encouraging, inspirational, and practical.

[Mateo Bans · Rating 5 out of 5]

Such a great foundation for those interested in FI, this makes the entire concept and path less intimidating. I highly recommend this book!!!

[Mskychick · Rating 5 out of 5]

Good info.
And great reminders to not get so wrapped up in pursuing FI that you kill your enjoyment along the way.

[Kathryn Morrison · Rating 3 out of 5]

I felt like I had to read this since I've read almost every other FI/FIRE book, but I didn't love the narration (I find the author a bit judgy, whereas I do not find the hosts of the podcast that way). I wish the book had been written by the actual podcast hosts. Anyway, the content was fine but nothing new, a lot of rehashing well known FIRE bloggers and tired cliches. I would definitely recommend JL Collins "A Simple Path To Wealth" instead, and maybe "Quit Like A Millionaire", way ahead of this one.

[James · Rating 5 out of 5]

Good read. Some aspects especially tax details in chapter 6 only relevant to US readers

[Guenevere · Rating 4 out of 5]

still digesting my thoughts on this book

i think the author def provided the disclaimer tht this wud just be a compilation of other ppls experiences and thoughts so i guess be warned tht this isn’t necessarily net new financial advice esp if you’ve already read a lot of personal finance books

honestly this book was lowkey giving like psychology of money bc the author is essentially making the argument to go against the grain and choose to be FI and tht path even tho society as a whole essentially encourages u to live in conflict with the notion of FI

i thought it was mature of the author to highlight the importance of finding the balance in this journey tho and not going overboard and becoming unhappy. basically find the in between balance of joy of not being gluttonous while also not being stingy

[Paloma · Rating 4 out of 5]

At the core of this book is the concept the idea that you should live your life deliberately and, to that end, spend your money deliberately as well. It's very easy to start living on auto pilot where you try to earn more so you can upgrade your house or get nicer furnishings and end up chained to your desk for the vast majority of your life. This book advises that you make choices truly based on what you value and feel confident to carry out those decisions even if they're contrary to what mainstream society believes you're supposed to do.

[David Petersen · Rating 4 out of 5]

Pretty good book. I am a sucker for financial books especial Financial Independence. The authors did a good job of giving a comprehensive overview of different types of FIRE as well as various strategies involved. My favorite idea from the book was being a valueist. Knowing what your values are and the designing your life to meet those values. While I personally will never FIRE. I do live differently than most and try to spend conscientiously with my values in mind. I consider myself a valueist.

[Brahm · Rating 5 out of 5]

Possibly my new favourite personal finance book that I'll start recommending to people.

Not sure I learned anything new so much as confirmed all my biases and opinions. I needed to read this as a counter-balancing force to buying a new house.

If you don't want to work forever - or rather, if you want the freedom to choose whether you work or not - this book is a great place to start.

Only minimal America-specific content and I did skip the chapter on "college hacking" as the authors suggested.

[Andrew Perkins · Rating 5 out of 5]

While the book itself is targeted at the FIRE community, this book is a must read for anyone looking to think through their finances. I wish I would have known about a lot of these ideas at a younger age. As far as high level principles for your financial freedom, this book doesn’t get much better. I personally believe this book take their podcast and makes it more succinct and helpful. Check it out!

[Erin · Rating 4 out of 5]

This was a really good summary of several years of podcasts episodes by the ChooseFI team. I enjoyed how they grouped the ideas and felt it was well-organized with a lot of solid references. I particularly think this book is good for thinking about one's mindset around money, even in cases where FI isn't the goal.

[Sacha Black · Rating 4 out of 5]

Great book that aims to help you reach financial independence. It’s very American centric though. If you’re in another country the principles will apply, but the specifics will not. I liked the personal stories throughout which were inspirational and motivational

[alisa · Rating 3 out of 5]

Become a valuist. Commit to continued learning & growth. Start accumulating marginal gains. Stack your talents. Serve others by adding value to their lives. Invest wisely to carve your own path through life without relying on a job.

[Katia Marie · Rating 5 out of 5]

Ive listened to every episode of the podcast, so this covers most of it. But if you havent, its a great one!

[Trace · Rating 4 out of 5]

Nothing new here for people already on the path to FI but a nice read nonethelesss

[ashlee livingston · Rating 4 out of 5]

Lots of good points in this book. Will definitely be reading again!

[Enoch · Rating 5 out of 5]

Very practical and clear steps we can all take to improve our financial situation. I thought Choose FI was an excellent book.

[Dusti Nichole · Rating 4 out of 5]

This is a really great how to book that addresses financial fundamentals. There are several books in this genre, what makes this book unique is Chris's ability to break things down into a very simple nature. It's also really great that there's an entire podcast that you can listen to if you want to dive deeper into any subjects or listen to the subject versus reading it.

[Zeona · Rating 5 out of 5]

I've been in the FI community for some time and this is now one of my two favorite books to recommend to those hoping to find their way to Financial Independence. Even though I knew many of the concepts, it did give me the extra push to open my SEP IRA and look into more tax savings :).

[Josh · Rating 5 out of 5]

Life changing if you let it.

This book contains the starting point for all good financial decisions contained in a framework of selflessness and positivity. No “get rich quick” or super secrets in this book. Just the best curated financial advice you could ever receive. Love these guys. I’ve been following their content since near the beginning, and I couldn’t be more pleased with their message. Give it a try. It may just change your life.

[Cyndi · Rating 3 out of 5]

For a while it seemed like I kept picking up books where someone had basically taken posts from their blog and reworked it a tiny bit. This book felt like they had taken posts from a bunch of different blogs and tried to smash it together into a coherent book. They didn't exactly fail in that, but they didn't completely succeed in my opinion.

That said, if you have no idea what it means to be financially independent and you'd like a very superficial overview, this might be a good book for you.

[Dynah Zale · Rating 4 out of 5]

I try to get at least one new bit of information. In this book my focus was on lowering my taxes. I enjoyed that chapter so much that it push me to act. I upped my 401k contributions to practically the max.

I wanna see if what he was saying was true or not. If so then I should get a nice size income tax return check.

So yes I believe this is a good book to read if your looking for financial independence like I am.

[Andrew · Rating 5 out of 5]

Amazing, required reading if you want to change your outlook on life.