In today's podcast we speak with Scott Rieckens, the creative force behind the upcoming FI documentary called 'Playing With Fire' and we learn about his FI journey and this exciting project.
In Today’s Podcast we cover:
A discussion with Scott Rieckens, the creative force behind the upcoming FI documentary ‘Playing With Fire’ we’ve discussed on previous episodes
Scott is devoting the next year of his life to create this documentary about the FI community
Scott’s background story and how he found FI
How they were on the ‘hamster wheel’ just working to pay for the lifestyle they were living
The importance of a side hustle or entrepreneurship
Scott consumes a lot of media, including podcasts and found the Tim Ferriss show especially valuable
Lifestyle creep in their living arrangements in Coronado
How Scott found Mr. Money Mustache and the FI community through the Tim Ferriss podcast
Living a life of happiness while pursuing Financial Independence
You don’t need $10 million (or a similar amount) to retire early
How Scott enjoyed the positive nature of the FI community
How Scott presented the FI concept to his wife and the thought of ‘why isn’t everyone doing this?’
How Scott framed FI to his wife with the focus on happiness
Looking at expenses in the framework of a 10-year timeline
Scott’s wife’s list of the things that make her happy on a weekly basis
Considering moving out of Coronado and California generally: Geographic arbitrage
How your entire life costs less when you leave a high cost of living area
How they approached the decision to move out of Coronado and what that process looked like
How moving allowed Scott to take a year of his life to create the FI documentary Playing With Fire
Scott’s wife was not only on board with the decision, but she wanted to travel in a camper and go on an adventure
Pursuits that matter to them that they now can pursue on the journey to FI
The timeline behind Scott’s FI journey and decision to create the FI documentary
Scott’s surprise that no FI documentary already existed and his start approaching us at ChooseFI to discuss the project
How the idea of FI can be life-changing for so many people
How this documentary can help spread the message of FI
How he decided to call the documentary ‘Playing With Fire’
Hot seat questions
Scott’s biggest financial mistake was taking on too much student loan debt
Scott would have ‘house hacked’ to buy property in his college town if he could do it all over again
Links from the show:
Scott Rieckens
Playing With Fire website
Reddit
Tim Ferriss podcast episode with Mr. Money Mustache
Mr. Money Mustache
Fincon conference
The Artificial Intelligence Revolution at Wait, But Why
Scott's email to friends and family on how to get started with FI
Books Mentioned in the Show:
The 4-Hour Workweek
What Do You Do With an Idea?
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