Episode 57

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Published on:

14th Mar 2022

A 2-Step Plan to Retire in 15 Years | E57 Jeremy Schneider

Investing is complicated…but does it need to be? Starting your investing journey can be super overwhelming especially in this age of information overload: stocks, crypto, FAANG, options, bonds. This brings up the obvious question: what should I invest in?

Personally, I want to understand what I am investing in, how it creates its value, and ultimately, what my return will look like. This has led me to today’s guest, Jeremy Schneider.

Jeremy is the Founder of Personal Finance Club. He has a wildly popular Instagram by the same name where he is dishing out simple, unbiased information on how to win with money. Jeremy doesn’t have any get rich quick advice for you today but he will share a simple 2-step plan to retire in 15 years.

Along with that you’ll hear his delineation between investing vs speculating, how to easily invest through target date funds, and his experiment about living on a $5 vs $500 daily food budget.

 

Key Takeaways:

[2:38] Selling RentLinks and hitting financial independence

[10:21] Why you need to invest, not save, your money

[13:30] Investing vs speculating

[16:05] How to figure out which companies to invest in

[20:19] The cost of actively managed mutual funds

[26:57] Alternative to mutual funds…index funds

[31:38] How to easily invest through target date funds

[38:25] 90/10 rule

[41:26] 2 step plan to retire in 15 years

[43:40] Jeremy’s experiment: $5 vs $500 food budget

[50:48] Starting Personal Finance Club  

 

Mentions:

What You Need to Know About Taxes in Your 20s | E39 Sean Mullaney

 

More of Jeremy:

Website: Personal Finance Club

Instagram: @personalfinanceclub

LinkedIn: Jeremy Schneider

 

More of TSIR:

Find show notes and more at https://www.tsirpodcast.com/

Follow us on Instagram at https://www.instagram.com/tsirpod/

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About the Podcast

FI Minded: Achieve Financial Independence & Have Fun Doing It
Achieve Financial Independence & Have Fun Doing It
Want to achieve Financial Independence (FI) without missing out on life?

FI Minded is the podcast for anyone seeking financial freedom, time freedom, and a work-optional lifestyle — all while enjoying the journey along the way.

Whether you’re at the beginning of your FI journey or already deep into Coast FI or Slow FI, this show gives you practical strategies and insights to reach early retirement and design a life that aligns with your values, purpose, and fulfillment.

Popular topics include:
- FI Optimization Strategies: Actionable advice to reach Financial Independence faster without unnecessary stress.
- Work Optional & Lifestyle Design: How to transition from the corporate grind and build a life of freedom, flexibility, and intentional living.
- Time Freedom & Coast FI: Making the most of your time while still planning for the future, including mini-retirements, travel, and other ways to enjoy your life now.
- Post-FI Identity & Purpose: What to do once you’ve achieved FI, and how to create meaning beyond money.
- Burnout & Balance: Avoid the pitfalls of over-optimization and learn to balance saving for the future with mental health and happiness.

If you want to reach financial independence, design a life that’s purposeful and fun, and avoid burnout along the way, FI Minded is your guide to building a sustainable, fulfilling, and free life.

Some of our past guests include Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Jill Sirianni (Frugal Friends), Jackie Cummings-Koski (Catching Up to FI), Joel Larsgaard (How to Money), Cody Garrett (Measure Twice), Jesse Cramer (Personal Finance for Long-Term Investors), Jess (The Fioneers), Chris Hutchins (All The Hacks), Diania Merriam (EconoMe), and many more inspiring voices in the FI space.
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